THIRY Management: 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.
THIRY Management
Largest movements
- Cash +€224,849
up €224,849 (+797%), from €28,211 to €253,060
mainly Net result for the year (+€778,069) and Other debts (+€324,426)
- Current investments -€172,000
down €172,000 (-100%), from €172,000 to €0
- Receivables within one year -€24,695
down €24,695 (-5.6%), from €439,059 to €414,364
of which Other amounts receivable: -€24,716
- Profit (loss) carried forward -€566,361
down €566,361 (-100%), from €566,361 to €0
- Other debts +€324,426
up €324,426 (+34.1%), from €950,640 to €1.3m
- Tax, wage and social debts +€202,722
up €202,722 (+2,633%), from €7,699 to €210,421
- Short-term financial debts +€67,083
new in 2025: €67,083
- Gross operating margin +€442,068
up €442,068 (+213%), from €207,584 to €649,652
- Financial income -€105,347
down €105,347 (-24.3%), from €433,988 to €328,642
- Taxes +€99,093
up €99,093 (+177%), from €56,087 to €155,180
- Financial charges +€24,735
up €24,735 (+1,006%), from €2,458 to €27,193
- Other operating charges -€7,052
down €7,052 (-88.4%), from €7,980 to €928
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 | €1,583,003 | €1,599,767 | +€16,764 | +1.1% |
| Fixed assets | 21/28 | €937,854 | €927,563 | -€10,291 | -1.1% |
| Tangible fixed assets | 22/27 | €64,404 | €53,613 | -€10,791 | -16.8% |
| Furniture and vehicles | 24 | €64,404 | €53,613 | -€10,791 | -16.8% |
| Financial fixed assets | 28 | €873,450 | €873,950 | +€500 | +0.1% |
| Current assets | 29/58 | €645,149 | €672,204 | +€27,056 | +4.2% |
| Amounts receivable within one year | 40/41 | €439,059 | €414,364 | -€24,695 | -5.6% |
| Trade receivables | 40 | - | €22 | +€22 | |
| Other amounts receivable | 41 | €439,059 | €414,343 | -€24,716 | -5.6% |
| Current investments | 50/53 | €172,000 | €0 | -€172,000 | -100% |
| Cash at bank and in hand | 54/58 | €28,211 | €253,060 | +€224,849 | +797% |
| Deferred charges and accrued income | 490/1 | €5,879 | €4,780 | -€1,099 | -18.7% |
| Total equity and liabilities | 10/49 | €1,583,003 | €1,599,767 | +€16,764 | +1.1% |
| Equity | 10/15 | €584,961 | €18,600 | -€566,361 | -96.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €566,361 | €0 | -€566,361 | -100% |
| Amounts payable | 17/49 | €998,041 | €1,581,167 | +€583,126 | +58.4% |
| Amounts payable after more than one year | 17 | €25,062 | €13,271 | -€11,791 | -47.0% |
| Financial debts | 170/4 | €25,062 | €13,271 | -€11,791 | -47.0% |
| Amounts payable within one year | 42/48 | €970,347 | €1,565,099 | +€594,751 | +61.3% |
| Current portion of amounts payable after more than one year | 42 | €11,367 | €11,791 | +€424 | +3.7% |
| Financial debts | 43 | - | €67,083 | +€67,083 | |
| Credit institutions | 430/8 | - | €67,083 | +€67,083 | |
| Trade debts | 44 | €642 | €738 | +€97 | +15.0% |
| Suppliers | 440/4 | €642 | €738 | +€97 | +15.0% |
| Taxes, remuneration and social security | 45 | €7,699 | €210,421 | +€202,722 | +2,633% |
| Taxes | 450/3 | €7,699 | €210,421 | +€202,722 | +2,633% |
| Other amounts payable | 47/48 | €950,640 | €1,275,066 | +€324,426 | +34.1% |
| Accrued charges and deferred income | 492/3 | €2,633 | €2,798 | +€165 | +6.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,416 | €16,923 | +€4,507 | +36.3% |
| Other operating charges | 640/8 | €7,980 | €928 | -€7,052 | -88.4% |
| Gross operating margin | 9900 | €207,584 | €649,652 | +€442,068 | +213% |
| Operating profit (loss) | 9901 | €187,188 | €631,801 | +€444,613 | +238% |
| Financial income | 75/76B | €433,988 | €328,642 | -€105,347 | -24.3% |
| Recurring financial income | 75 | €433,988 | €328,642 | -€105,347 | -24.3% |
| Financial charges | 65/66B | €2,458 | €27,193 | +€24,735 | +1,006% |
| Recurring financial charges | 65 | €2,458 | €27,193 | +€24,735 | +1,006% |
| Profit (loss) for the period before taxes | 9903 | €618,718 | €933,249 | +€314,531 | +50.8% |
| Income taxes | 67/77 | €56,087 | €155,180 | +€99,093 | +177% |
| Profit (loss) for the period | 9904 | €562,631 | €778,069 | +€215,438 | +38.3% |
| Profit (loss) for the period to be appropriated | 9905 | €562,631 | €778,069 | +€215,438 | +38.3% |
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 22 October 2026 via checked.be.