FIRMA THOMAS: what changed
Two fiscal 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.
What changed
FIRMA THOMAS
NACE 46.610, Wholesale trade
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€483,775
2024 · €193,788+€289,987
Equity
€2.8m
2024 · €2.7m+€143,775
Cash
€32,178
2024 · €27,610+€4,568
Balance sheet total
€7.3m
2024 · €8.4m-€1.1m
Largest movements
Assets
- Receivables within one year -€769,866
down €769,866 (-27.4%), from €2.8m to €2.0m
- Stocks and contracts -€348,969
down €348,969 (-6.9%), from €5.1m to €4.7m
Equity and liabilities
- Short-term financial debts -€1.2m
down €1.2m (-87.4%), from €1.4m to €175,000
- Trade debts -€171,397
down €171,397 (-5.7%), from €3.0m to €2.8m
- Profit (loss) carried forward +€143,775
up €143,775 (+6.9%), from €2.1m to €2.2m
- Other debts +€113,500
up €113,500 (+36.1%), from €314,000 to €427,500
Income statement
- Turnover +€1.2m
up €1.2m (+9.1%), from €13.4m to €14.6m
- Goods and materials +€701,262
up €701,262 (+6.6%), from €10.6m to €11.3m
of which Change in stocks: decrease (increase): +€449,740
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.
Result 2024
€193,788
Turnover
+€1.2m
Other operating income
-€9,501
Goods and materials
-€701,262
Services and other goods
-€62,359
Staff costs
-€11,447
Depreciation
-€14,059
Write-downs
-€1,524
Provisions
-€29,155
Other operating charges
-€11,502
Other operating items
-€2,010
Financial income
+€2,246
Financial charges
+€26,334
Taxes
-€107,100
Result 2025
€483,775
Cash bridge derived
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.
From operations
+€1.7m
Investment
-€126,115
Financing
-€1.6m
Cash 2024
€27,610
From operations (derived)
+€1.7m
Net result for the year
+€483,775
Depreciation
+€102,865
Stocks and contracts
+€348,969
Receivables within one year
+€769,866
Deferred charges and accrued income
-€18,828
Provisions
+€8,546
Trade debts
-€171,397
Tax, wage and social debts
+€55,889
Other debts
+€113,500
Accrued charges and deferred income
-€425
Investment (derived)
-€126,115
Investment in fixed assets (net)
-€126,115
Financing
-€1.6m
Debts after one year
-€33,929
Current portion of long-term debt
+€26,852
Short-term financial debts
-€1.2m
Contributions, distributions and other
-€340,000
Cash 2025
€32,178
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,412,165 | €7,339,977 | -€1.1m | -12.7% |
| Fixed assets | 21/28 | €494,278 | €517,528 | +€23,250 | +4.7% |
| Tangible fixed assets | 22/27 | €452,104 | €499,572 | +€47,467 | +10.5% |
| Plant, machinery and equipment | 23 | €34,255 | €24,380 | -€9,874 | -28.8% |
| Furniture and vehicles | 24 | €111,088 | €137,493 | +€26,405 | +23.8% |
| Leasing and similar rights | 25 | €306,762 | €337,699 | +€30,937 | +10.1% |
| Financial fixed assets | 28 | €42,174 | €17,956 | -€24,218 | -57.4% |
| Other financial fixed assets | 284/8 | €42,174 | €17,956 | -€24,218 | -57.4% |
| Amounts receivable and cash guarantees | 285/8 | €42,174 | €17,956 | -€24,218 | -57.4% |
| Current assets | 29/58 | €7,917,887 | €6,822,449 | -€1.1m | -13.8% |
| Stocks and contracts in progress | 3 | €5,075,193 | €4,726,224 | -€348,969 | -6.9% |
| Stocks | 30/36 | €5,075,193 | €4,726,224 | -€348,969 | -6.9% |
| Raw materials and consumables | 30/31 | €5,075,193 | €4,726,224 | -€348,969 | -6.9% |
| Amounts receivable within one year | 40/41 | €2,813,811 | €2,043,945 | -€769,866 | -27.4% |
| Trade receivables | 40 | €2,813,811 | €2,043,945 | -€769,866 | -27.4% |
| Cash at bank and in hand | 54/58 | €27,610 | €32,178 | +€4,568 | +16.5% |
| Deferred charges and accrued income | 490/1 | €1,272 | €20,101 | +€18,828 | +1479.7% |
| Total equity and liabilities | 10/49 | €8,412,165 | €7,339,977 | -€1.1m | -12.7% |
| Equity | 10/15 | €2,658,633 | €2,802,408 | +€143,775 | +5.4% |
| Contributions | 10/11 | €396,630 | €396,630 | = | 0.0% |
| Reserves | 13 | €175,370 | €175,370 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €50,638 | €50,638 | = | 0.0% |
| Distributable reserves | 133 | €124,732 | €124,732 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,086,633 | €2,230,408 | +€143,775 | +6.9% |
| Provisions and deferred taxes | 16 | €377,548 | €386,094 | +€8,546 | +2.3% |
| Provisions for liabilities and charges | 160/5 | €377,548 | €386,094 | +€8,546 | +2.3% |
| Major repairs and maintenance | 162 | €280,080 | €280,080 | = | 0.0% |
| Other liabilities and charges | 164/5 | €97,468 | €106,014 | +€8,546 | +8.8% |
| Amounts payable | 17/49 | €5,375,984 | €4,151,475 | -€1.2m | -22.8% |
| Amounts payable after more than one year | 17 | €209,289 | €175,359 | -€33,929 | -16.2% |
| Financial debts | 170/4 | €209,289 | €175,359 | -€33,929 | -16.2% |
| Leasing and similar obligations | 172 | €142,805 | €128,649 | -€14,156 | -9.9% |
| Credit institutions | 173 | €66,484 | €46,710 | -€19,774 | -29.7% |
| Amounts payable within one year | 42/48 | €5,142,256 | €3,952,101 | -€1.2m | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €107,781 | €134,633 | +€26,852 | +24.9% |
| Financial debts | 43 | €1,390,000 | €175,000 | -€1.2m | -87.4% |
| Credit institutions | 430/8 | €1,390,000 | €175,000 | -€1.2m | -87.4% |
| Trade debts | 44 | €3,011,087 | €2,839,690 | -€171,397 | -5.7% |
| Suppliers | 440/4 | €3,011,087 | €2,839,690 | -€171,397 | -5.7% |
| Taxes, remuneration and social security | 45 | €319,389 | €375,278 | +€55,889 | +17.5% |
| Taxes | 450/3 | €168,874 | €248,199 | +€79,325 | +47.0% |
| Remuneration and social security | 454/9 | €150,515 | €127,080 | -€23,436 | -15.6% |
| Other amounts payable | 47/48 | €314,000 | €427,500 | +€113,500 | +36.1% |
| Accrued charges and deferred income | 492/3 | €24,439 | €24,014 | -€425 | -1.7% |
| Operating income | 70/76A | €13,560,221 | €14,760,035 | +€1.2m | +8.8% |
| Turnover | 70 | €13,363,252 | €14,574,577 | +€1.2m | +9.1% |
| Other operating income | 74 | €191,580 | €182,078 | -€9,501 | -5.0% |
| Non-recurring operating income | 76A | €5,389 | €3,380 | -€2,010 | -37.3% |
| Operating charges | 60/66A | €13,219,286 | €14,050,594 | +€831,308 | +6.3% |
| Goods for resale, raw materials and consumables | 60 | €10,639,358 | €11,340,621 | +€701,262 | +6.6% |
| Purchases | 600/8 | €10,740,129 | €10,991,652 | +€251,522 | +2.3% |
| Change in stocks: decrease (increase) | 609 | -€100,771 | €348,969 | +€449,740 | |
| Services and other goods | 61 | €1,162,484 | €1,224,843 | +€62,359 | +5.4% |
| Remuneration, social security and pensions | 62 | €1,336,772 | €1,348,219 | +€11,447 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,806 | €102,865 | +€14,059 | +15.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,050 | -€1,526 | +€1,524 | +50.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€20,609 | €8,546 | +€29,155 | |
| Other operating charges | 640/8 | €15,524 | €27,027 | +€11,502 | +74.1% |
| Operating profit (loss) | 9901 | €340,935 | €709,441 | +€368,506 | +108.1% |
| Financial income | 75/76B | €17,633 | €19,880 | +€2,246 | +12.7% |
| Recurring financial income | 75 | €17,633 | €19,880 | +€2,246 | +12.7% |
| Income from financial fixed assets | 750 | €0 | - | = | |
| Income from current assets | 751 | €15,230 | €19,585 | +€4,355 | +28.6% |
| Other financial income | 752/9 | €2,403 | €295 | -€2,108 | -87.7% |
| Financial charges | 65/66B | €87,989 | €61,655 | -€26,334 | -29.9% |
| Recurring financial charges | 65 | €87,989 | €61,655 | -€26,334 | -29.9% |
| Debt charges | 650 | €80,542 | €54,362 | -€26,180 | -32.5% |
| Other financial charges | 652/9 | €7,447 | €7,293 | -€154 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €270,579 | €667,666 | +€397,087 | +146.8% |
| Income taxes | 67/77 | €76,791 | €183,891 | +€107,100 | +139.5% |
| Taxes | 670/3 | €76,791 | €183,891 | +€107,100 | +139.5% |
| Profit (loss) for the period | 9904 | €193,788 | €483,775 | +€289,987 | +149.6% |
| Profit (loss) for the period to be appropriated | 9905 | €193,788 | €483,775 | +€289,987 | +149.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.