CHÂTEAU THOR: 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.
CHÂTEAU THOR
Largest movements
- Tangible fixed assets -€37,946
down €37,946 (-9.3%), from €407,890 to €369,944
of which Land and buildings: -€37,503
- Cash -€9,376
down €9,376 (-25.4%), from €36,937 to €27,561
mainly Debts after one year (-€100,000) and Trade debts (-€2,780)
- Debts after one year -€100,000
down €100,000 (-11.8%), from €850,000 to €750,000
- Profit (loss) carried forward +€35,387
up €35,387 (+4.1%), from -€862,113 to -€826,726
- Other debts +€11,625
up €11,625 (+12.5%), from €92,804 to €104,428
- Advances received +€8,000
up €8,000 (+50.0%), from €16,000 to €24,000
- Gross operating margin +€67,451
up €67,451 (+386%), from €17,491 to €84,941
- Staff costs +€6,753
up €6,753 (+160%), from €4,229 to €10,981
- Depreciation +€2,327
up €2,327 (+6.5%), from €35,619 to €37,946
- Financial income +€1,044
up €1,044 (+35.7%), from €2,924 to €3,969
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 | €447,280 | €397,571 | -€49,709 | -11.1% |
| Fixed assets | 21/28 | €407,890 | €369,944 | -€37,946 | -9.3% |
| Tangible fixed assets | 22/27 | €407,890 | €369,944 | -€37,946 | -9.3% |
| Land and buildings | 22 | €406,439 | €368,937 | -€37,503 | -9.2% |
| Plant, machinery and equipment | 23 | €384 | €259 | -€125 | -32.6% |
| Furniture and vehicles | 24 | €1,067 | €749 | -€318 | -29.8% |
| Current assets | 29/58 | €39,390 | €27,627 | -€11,763 | -29.9% |
| Amounts receivable within one year | 40/41 | €2,453 | - | -€2,453 | |
| Trade receivables | 40 | €2,361 | - | -€2,361 | |
| Other amounts receivable | 41 | €92 | - | -€92 | |
| Cash at bank and in hand | 54/58 | €36,937 | €27,561 | -€9,376 | -25.4% |
| Deferred charges and accrued income | 490/1 | - | €66 | +€66 | |
| Total equity and liabilities | 10/49 | €447,280 | €397,571 | -€49,709 | -11.1% |
| Equity | 10/15 | -€536,273 | -€503,410 | +€32,863 | +6.1% |
| Contributions | 10/11 | €297,472 | €297,472 | = | 0.0% |
| Capital | 10 | €297,472 | €297,472 | = | 0.0% |
| Issued capital | 100 | €297,472 | €297,472 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€862,113 | -€826,726 | +€35,387 | +4.1% |
| Investment grants | 15 | €28,368 | €25,844 | -€2,524 | -8.9% |
| Provisions and deferred taxes | 16 | €15,677 | €14,232 | -€1,444 | -9.2% |
| Deferred taxes | 168 | €15,677 | €14,232 | -€1,444 | -9.2% |
| Amounts payable | 17/49 | €967,876 | €886,749 | -€81,127 | -8.4% |
| Amounts payable after more than one year | 17 | €850,000 | €750,000 | -€100,000 | -11.8% |
| Other amounts payable | 178/9 | €850,000 | €750,000 | -€100,000 | -11.8% |
| Amounts payable within one year | 42/48 | €114,661 | €133,464 | +€18,803 | +16.4% |
| Trade debts | 44 | €3,701 | €921 | -€2,780 | -75.1% |
| Suppliers | 440/4 | €3,701 | €921 | -€2,780 | -75.1% |
| Advances received on contracts in progress | 46 | €16,000 | €24,000 | +€8,000 | +50.0% |
| Taxes, remuneration and social security | 45 | €2,156 | €4,115 | +€1,958 | +90.8% |
| Taxes | 450/3 | €598 | €1,385 | +€787 | +132% |
| Remuneration and social security | 454/9 | €1,559 | €2,730 | +€1,171 | +75.2% |
| Other amounts payable | 47/48 | €92,804 | €104,428 | +€11,625 | +12.5% |
| Accrued charges and deferred income | 492/3 | €3,215 | €3,285 | +€70 | +2.2% |
| Non-recurring operating income | 76A | €4,950 | - | -€4,950 | |
| Remuneration, social security and pensions | 62 | €4,229 | €10,981 | +€6,753 | +160% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,619 | €37,946 | +€2,327 | +6.5% |
| Other operating charges | 640/8 | €3,992 | €4,526 | +€534 | +13.4% |
| Non-recurring operating charges | 66A | €640 | - | -€640 | |
| Gross operating margin | 9900 | €17,491 | €84,941 | +€67,451 | +386% |
| Operating profit (loss) | 9901 | -€26,989 | €31,489 | +€58,478 | |
| Financial income | 75/76B | €2,924 | €3,969 | +€1,044 | +35.7% |
| Recurring financial income | 75 | €2,924 | €3,969 | +€1,044 | +35.7% |
| Financial charges | 65/66B | €135 | €70 | -€65 | -47.9% |
| Recurring financial charges | 65 | €135 | €70 | -€65 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | -€24,200 | €35,387 | +€59,587 | |
| Profit (loss) for the period | 9904 | -€24,200 | €35,387 | +€59,587 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,200 | €35,387 | +€59,587 |
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.