BUREAU THONNARD THONON: 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.
BUREAU THONNARD THONON
Largest movements
- Tangible fixed assets -€36,937
down €36,937 (-67.3%), from €54,915 to €17,978
- Receivables within one year +€35,644
up €35,644 (+37.3%), from €95,570 to €131,214
of which Trade receivables: +€20,146
- Debts after one year -€112,330
down €112,330 (-25.7%), from €436,953 to €324,623
- Reserves +€43,720
up €43,720 (+97.3%), from €44,925 to €88,645
of which Distributable reserves: +€43,720
- Tax, wage and social debts +€39,468
up €39,468 (+220%), from €17,926 to €57,394
of which Taxes: +€31,632
- Short-term financial debts +€12,003
new in 2025: €12,003
- Trade debts +€11,134
up €11,134 (+70.1%), from €15,874 to €27,009
- Gross operating margin +€37,397
up €37,397 (+22.8%), from €164,254 to €201,650
- Depreciation -€14,500
down €14,500 (-51.7%), from €28,033 to €13,534
- Taxes +€10,298
up €10,298 (+60.4%), from €17,052 to €27,350
- Staff costs +€6,427
up €6,427 (+23.3%), from €27,612 to €34,039
- Financial charges -€4,659
down €4,659 (-18.8%), from €24,795 to €20,135
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 | €661,633 | €656,268 | -€5,365 | -0.8% |
| Fixed assets | 21/28 | €555,915 | €518,978 | -€36,937 | -6.6% |
| Tangible fixed assets | 22/27 | €54,915 | €17,978 | -€36,937 | -67.3% |
| Furniture and vehicles | 24 | €54,915 | €17,978 | -€36,937 | -67.3% |
| Financial fixed assets | 28 | €501,000 | €501,000 | = | 0.0% |
| Current assets | 29/58 | €105,718 | €137,290 | +€31,572 | +29.9% |
| Stocks and contracts in progress | 3 | €100 | €100 | = | 0.0% |
| Contracts in progress | 37 | €100 | €100 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €95,570 | €131,214 | +€35,644 | +37.3% |
| Trade receivables | 40 | €24,889 | €45,035 | +€20,146 | +80.9% |
| Other amounts receivable | 41 | €70,681 | €86,179 | +€15,498 | +21.9% |
| Cash at bank and in hand | 54/58 | €9,948 | €4,337 | -€5,611 | -56.4% |
| Deferred charges and accrued income | 490/1 | €100 | €1,640 | +€1,540 | +1,544% |
| Total equity and liabilities | 10/49 | €661,633 | €656,268 | -€5,365 | -0.8% |
| Equity | 10/15 | €51,163 | €94,891 | +€43,728 | +85.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €44,925 | €88,645 | +€43,720 | +97.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €43,070 | €86,790 | +€43,720 | +102% |
| Profit (loss) carried forward | 14 | €38 | €46 | +€8 | +20.9% |
| Amounts payable | 17/49 | €610,469 | €561,377 | -€49,093 | -8.0% |
| Amounts payable after more than one year | 17 | €436,953 | €324,623 | -€112,330 | -25.7% |
| Financial debts | 170/4 | €436,953 | €324,623 | -€112,330 | -25.7% |
| Amounts payable within one year | 42/48 | €173,517 | €236,753 | +€63,237 | +36.4% |
| Current portion of amounts payable after more than one year | 42 | €82,095 | €80,348 | -€1,747 | -2.1% |
| Financial debts | 43 | - | €12,003 | +€12,003 | |
| Credit institutions | 430/8 | - | €12,003 | +€12,003 | |
| Trade debts | 44 | €15,874 | €27,009 | +€11,134 | +70.1% |
| Suppliers | 440/4 | €15,874 | €27,009 | +€11,134 | +70.1% |
| Taxes, remuneration and social security | 45 | €17,926 | €57,394 | +€39,468 | +220% |
| Taxes | 450/3 | €17,052 | €48,684 | +€31,632 | +186% |
| Remuneration and social security | 454/9 | €874 | €8,709 | +€7,836 | +897% |
| Other amounts payable | 47/48 | €57,621 | €60,000 | +€2,379 | +4.1% |
| Remuneration, social security and pensions | 62 | €27,612 | €34,039 | +€6,427 | +23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,033 | €13,534 | -€14,500 | -51.7% |
| Other operating charges | 640/8 | €1,559 | €2,939 | +€1,381 | +88.6% |
| Gross operating margin | 9900 | €164,254 | €201,650 | +€37,397 | +22.8% |
| Operating profit (loss) | 9901 | €107,050 | €151,139 | +€44,089 | +41.2% |
| Financial income | 75/76B | €22 | €74 | +€53 | +242% |
| Recurring financial income | 75 | €22 | €74 | +€53 | +242% |
| Financial charges | 65/66B | €24,795 | €20,135 | -€4,659 | -18.8% |
| Recurring financial charges | 65 | €24,795 | €20,135 | -€4,659 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €82,277 | €131,078 | +€48,801 | +59.3% |
| Income taxes | 67/77 | €17,052 | €27,350 | +€10,298 | +60.4% |
| Profit (loss) for the period | 9904 | €65,225 | €103,728 | +€38,503 | +59.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,225 | €103,728 | +€38,503 | +59.0% |
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 23 October 2026 via checked.be.