THB6: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
THB6
Largest movements
- Tangible fixed assets -€36,166
down €36,166 (-30.7%), from €117,776 to €81,611
of which Other tangible fixed assets: -€33,923
- Intangible fixed assets -€2,500
down €2,500 (-36.4%), from €6,875 to €4,375
- Cash -€2,232
down €2,232 (-21.3%), from €10,475 to €8,243
mainly Net result for the year (-€58,839) and Current portion of long-term debt (-€30,565)
- Deferred charges and accrued income +€2,060
up €2,060 (+235%), from €877 to €2,938
- Profit (loss) carried forward -€58,839
down €58,839 (-6.5%), from -€908,089 to -€966,928
- Current portion of long-term debt -€30,565
down €30,565 (-96.4%), from €31,697 to €1,132
- Debts after one year +€25,774
up €25,774 (+10.6%), from €242,295 to €268,069
- Trade debts +€24,327
up €24,327 (+4.4%), from €554,866 to €579,192
- Short-term financial debts +€7,795
up €7,795 (+45.9%), from €16,986 to €24,780
- Financial charges +€14,844
up €14,844 (+95.4%), from €15,567 to €30,411
- Staff costs -€9,196
down €9,196 (-2.6%), from €355,641 to €346,446
- Gross operating margin +€6,331
up €6,331 (+1.8%), from €355,231 to €361,562
- Other operating charges -€5,718
down €5,718 (-89.4%), from €6,397 to €680
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €157,468 | €120,682 | -€36,785 | -23.4% |
| Fixed assets | 21/28 | €136,055 | €97,501 | -€38,554 | -28.3% |
| Intangible fixed assets | 21 | €6,875 | €4,375 | -€2,500 | -36.4% |
| Tangible fixed assets | 22/27 | €117,776 | €81,611 | -€36,166 | -30.7% |
| Plant, machinery and equipment | 23 | €2,906 | €1,936 | -€970 | -33.4% |
| Furniture and vehicles | 24 | €9,221 | €7,947 | -€1,273 | -13.8% |
| Other tangible fixed assets | 26 | €105,650 | €71,727 | -€33,923 | -32.1% |
| Financial fixed assets | 28 | €11,404 | €11,516 | +€112 | +1.0% |
| Current assets | 29/58 | €21,412 | €23,181 | +€1,769 | +8.3% |
| Stocks and contracts in progress | 3 | €9,876 | €10,597 | +€721 | +7.3% |
| Stocks | 30/36 | €9,876 | €10,597 | +€721 | +7.3% |
| Amounts receivable within one year | 40/41 | €183 | €1,403 | +€1,220 | +665% |
| Trade receivables | 40 | €183 | €1,403 | +€1,220 | +665% |
| Cash at bank and in hand | 54/58 | €10,475 | €8,243 | -€2,232 | -21.3% |
| Deferred charges and accrued income | 490/1 | €877 | €2,938 | +€2,060 | +235% |
| Total equity and liabilities | 10/49 | €157,468 | €120,682 | -€36,785 | -23.4% |
| Equity | 10/15 | -€725,761 | -€790,541 | -€64,780 | -8.9% |
| Contributions | 10/11 | €166,000 | €166,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€908,089 | -€966,928 | -€58,839 | -6.5% |
| Investment grants | 15 | €16,328 | €10,386 | -€5,941 | -36.4% |
| Amounts payable | 17/49 | €883,229 | €911,224 | +€27,994 | +3.2% |
| Amounts payable after more than one year | 17 | €242,295 | €268,069 | +€25,774 | +10.6% |
| Financial debts | 170/4 | €242,295 | €268,069 | +€25,774 | +10.6% |
| Amounts payable within one year | 42/48 | €640,934 | €643,155 | +€2,221 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €31,697 | €1,132 | -€30,565 | -96.4% |
| Financial debts | 43 | €16,986 | €24,780 | +€7,795 | +45.9% |
| Credit institutions | 430/8 | €16,986 | €24,780 | +€7,795 | +45.9% |
| Trade debts | 44 | €554,866 | €579,192 | +€24,327 | +4.4% |
| Suppliers | 440/4 | €554,866 | €579,192 | +€24,327 | +4.4% |
| Taxes, remuneration and social security | 45 | €37,360 | €38,025 | +€665 | +1.8% |
| Taxes | 450/3 | €3,471 | €6,410 | +€2,940 | +84.7% |
| Remuneration and social security | 454/9 | €33,889 | €31,614 | -€2,275 | -6.7% |
| Other amounts payable | 47/48 | €25 | €25 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €355,641 | €346,446 | -€9,196 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,434 | €42,864 | +€1,430 | +3.5% |
| Other operating charges | 640/8 | €6,397 | €680 | -€5,718 | -89.4% |
| Gross operating margin | 9900 | €355,231 | €361,562 | +€6,331 | +1.8% |
| Operating profit (loss) | 9901 | -€48,242 | -€28,428 | +€19,814 | +41.1% |
| Financial income | 75/76B | €96 | €0 | -€96 | -100.0% |
| Recurring financial income | 75 | €96 | €0 | -€96 | -100.0% |
| Financial charges | 65/66B | €15,567 | €30,411 | +€14,844 | +95.4% |
| Recurring financial charges | 65 | €15,567 | €30,411 | +€14,844 | +95.4% |
| Profit (loss) for the period before taxes | 9903 | -€63,713 | -€58,839 | +€4,875 | +7.7% |
| Profit (loss) for the period | 9904 | -€63,713 | -€58,839 | +€4,875 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€63,713 | -€58,839 | +€4,875 | +7.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.