THANASI: 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.
THANASI
Largest movements
- Receivables within one year -€8,225
down €8,225 (-63.7%), from €12,904 to €4,679
- Cash -€2,504
down €2,504 (-69.3%), from €3,612 to €1,108
mainly Other debts (-€19,800) and Trade debts (-€3,204)
- Stocks and contracts +€648
up €648 (+19.3%), from €3,354 to €4,002
- Tangible fixed assets -€635
down €635 (-50.0%), from €1,270 to €635
- Other debts -€19,800
no longer reported in 2026 (was €19,800)
- Profit (loss) carried forward +€6,148
up €6,148 (+16.9%), from -€36,377 to -€30,229
- Tax, wage and social debts +€5,138
up €5,138 (+199%), from €2,579 to €7,717
of which Remuneration and social security: +€4,097
- Trade debts -€3,204
down €3,204 (-18.8%), from €17,040 to €13,836
- Short-term financial debts +€1,002
new in 2026: €1,002
- Staff costs +€7,929
new in 2026: €7,929
- Gross operating margin +€2,700
up €2,700 (+13.3%), from €20,250 to €22,950
- Taxes +€614
new in 2026: €614
- Other operating charges +€266
up €266 (+8.9%), from €2,973 to €3,239
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,642 | €10,926 | -€10,716 | -49.5% |
| Fixed assets | 21/28 | €1,772 | €1,137 | -€635 | -35.8% |
| Tangible fixed assets | 22/27 | €1,270 | €635 | -€635 | -50.0% |
| Plant, machinery and equipment | 23 | €1,270 | €635 | -€635 | -50.0% |
| Financial fixed assets | 28 | €502 | €502 | = | 0.0% |
| Current assets | 29/58 | €19,870 | €9,789 | -€10,081 | -50.7% |
| Stocks and contracts in progress | 3 | €3,354 | €4,002 | +€648 | +19.3% |
| Stocks | 30/36 | €3,354 | €4,002 | +€648 | +19.3% |
| Amounts receivable within one year | 40/41 | €12,904 | €4,679 | -€8,225 | -63.7% |
| Trade receivables | 40 | €12,904 | €4,679 | -€8,225 | -63.7% |
| Cash at bank and in hand | 54/58 | €3,612 | €1,108 | -€2,504 | -69.3% |
| Total equity and liabilities | 10/49 | €21,642 | €10,926 | -€10,716 | -49.5% |
| Equity | 10/15 | -€17,777 | -€11,629 | +€6,148 | +34.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€36,377 | -€30,229 | +€6,148 | +16.9% |
| Amounts payable | 17/49 | €39,419 | €22,555 | -€16,864 | -42.8% |
| Amounts payable within one year | 42/48 | €39,419 | €22,555 | -€16,864 | -42.8% |
| Financial debts | 43 | - | €1,002 | +€1,002 | |
| Credit institutions | 430/8 | - | €1,002 | +€1,002 | |
| Trade debts | 44 | €17,040 | €13,836 | -€3,204 | -18.8% |
| Suppliers | 440/4 | €17,040 | €13,836 | -€3,204 | -18.8% |
| Taxes, remuneration and social security | 45 | €2,579 | €7,717 | +€5,138 | +199% |
| Taxes | 450/3 | €2,579 | €3,620 | +€1,041 | +40.4% |
| Remuneration and social security | 454/9 | - | €4,097 | +€4,097 | |
| Other amounts payable | 47/48 | €19,800 | - | -€19,800 | |
| Non-recurring operating income | 76A | - | €13,030 | +€13,030 | |
| Remuneration, social security and pensions | 62 | - | €7,929 | +€7,929 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €635 | €635 | = | 0.0% |
| Other operating charges | 640/8 | €2,973 | €3,239 | +€266 | +8.9% |
| Gross operating margin | 9900 | €20,250 | €22,950 | +€2,700 | +13.3% |
| Operating profit (loss) | 9901 | €16,642 | €11,147 | -€5,495 | -33.0% |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €4,326 | €4,385 | +€59 | +1.4% |
| Recurring financial charges | 65 | €4,326 | €4,385 | +€59 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €12,325 | €6,762 | -€5,563 | -45.1% |
| Income taxes | 67/77 | - | €614 | +€614 | |
| Profit (loss) for the period | 9904 | €12,325 | €6,148 | -€6,177 | -50.1% |
| Profit (loss) for the period to be appropriated | 9905 | €12,325 | €6,148 | -€6,177 | -50.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.