J. THONON EXPERIENCE: 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.
J. THONON EXPERIENCE
Largest movements
- Receivables within one year -€13,586
down €13,586 (-38.4%), from €35,359 to €21,773
of which Other amounts receivable: -€7,745
- Tangible fixed assets -€6,214
down €6,214 (-22.6%), from €27,537 to €21,323
- Cash -€3,323
down €3,323 (-14.8%), from €22,519 to €19,196
mainly Net result for the year (-€27,813) and Contributions, distributions and other (-€8,571)
- Profit (loss) carried forward -€36,384
down €36,384 (-75.2%), from €48,402 to €12,018
- Trade debts +€10,458
new in 2025: €10,458
- Tax, wage and social debts +€2,571
up €2,571 (+71.4%), from €3,600 to €6,171
- Gross operating margin -€21,298
down €21,298, from €19,460 to -€1,839
- Other operating charges +€13,888
up €13,888 (+2,322%), from €598 to €14,486
- Depreciation +€4,250
up €4,250 (+57.7%), from €7,369 to €11,619
- Taxes -€2,127
down €2,127 (-83.0%), from €2,562 to €436
- Financial income +€678
new in 2025: €678
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 | €85,484 | €62,899 | -€22,585 | -26.4% |
| Fixed assets | 21/28 | €27,607 | €21,393 | -€6,214 | -22.5% |
| Tangible fixed assets | 22/27 | €27,537 | €21,323 | -€6,214 | -22.6% |
| Furniture and vehicles | 24 | €27,537 | €21,323 | -€6,214 | -22.6% |
| Financial fixed assets | 28 | €69 | €69 | = | 0.0% |
| Current assets | 29/58 | €57,878 | €41,506 | -€16,371 | -28.3% |
| Amounts receivable within one year | 40/41 | €35,359 | €21,773 | -€13,586 | -38.4% |
| Trade receivables | 40 | €22,647 | €16,805 | -€5,841 | -25.8% |
| Other amounts receivable | 41 | €12,712 | €4,968 | -€7,745 | -60.9% |
| Cash at bank and in hand | 54/58 | €22,519 | €19,196 | -€3,323 | -14.8% |
| Deferred charges and accrued income | 490/1 | - | €537 | +€537 | |
| Total equity and liabilities | 10/49 | €85,484 | €62,899 | -€22,585 | -26.4% |
| Equity | 10/15 | €78,662 | €42,278 | -€36,384 | -46.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €17,860 | €17,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Tax-exempt reserves | 132 | €16,000 | €16,000 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €48,402 | €12,018 | -€36,384 | -75.2% |
| Amounts payable | 17/49 | €6,822 | €20,621 | +€13,799 | +202% |
| Amounts payable within one year | 42/48 | €6,822 | €20,621 | +€13,799 | +202% |
| Trade debts | 44 | - | €10,458 | +€10,458 | |
| Suppliers | 440/4 | - | €10,458 | +€10,458 | |
| Taxes, remuneration and social security | 45 | €3,600 | €6,171 | +€2,571 | +71.4% |
| Taxes | 450/3 | €3,600 | €6,171 | +€2,571 | +71.4% |
| Other amounts payable | 47/48 | €3,222 | €3,992 | +€770 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,369 | €11,619 | +€4,250 | +57.7% |
| Other operating charges | 640/8 | €598 | €14,486 | +€13,888 | +2,322% |
| Gross operating margin | 9900 | €19,460 | -€1,839 | -€21,298 | |
| Operating profit (loss) | 9901 | €11,493 | -€27,943 | -€39,436 | |
| Financial income | 75/76B | - | €678 | +€678 | |
| Recurring financial income | 75 | - | €678 | +€678 | |
| Financial charges | 65/66B | €201 | €112 | -€89 | -44.3% |
| Recurring financial charges | 65 | €201 | €112 | -€89 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €11,291 | -€27,377 | -€38,669 | |
| Income taxes | 67/77 | €2,562 | €436 | -€2,127 | -83.0% |
| Profit (loss) for the period | 9904 | €8,729 | -€27,813 | -€36,542 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,729 | -€27,813 | -€36,542 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.