Thanatos: 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.
Thanatos
Largest movements
- Receivables within one year -€16,349
down €16,349 (-53.0%), from €30,843 to €14,494
of which Trade receivables: -€17,466
- Cash +€13,269
up €13,269 (+64.2%), from €20,654 to €33,923
mainly Net result for the year (+€16,974) and Receivables within one year (+€16,349)
- Intangible fixed assets -€865
down €865 (-78.0%), from €1,108 to €243
- Other debts -€14,941
down €14,941 (-46.4%), from €32,195 to €17,254
- Tax, wage and social debts +€4,958
up €4,958 (+21.4%), from €23,182 to €28,141
of which Remuneration and social security: +€7,201
- Trade debts +€2,960
up €2,960 (+187%), from €1,580 to €4,540
- Reserves +€1,974
new in 2025: €1,974
- Short-term financial debts +€773
up €773 (+181%), from €427 to €1,200
- Staff costs +€14,789
up €14,789 (+19.4%), from €76,120 to €90,909
- Gross operating margin +€13,280
up €13,280 (+11.9%), from €111,556 to €124,836
- Taxes +€2,210
up €2,210 (+20.7%), from €10,681 to €12,891
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 | €57,385 | €53,109 | -€4,275 | -7.5% |
| Fixed assets | 21/28 | €5,635 | €4,301 | -€1,334 | -23.7% |
| Intangible fixed assets | 21 | €1,108 | €243 | -€865 | -78.0% |
| Tangible fixed assets | 22/27 | €4,527 | €4,058 | -€469 | -10.4% |
| Land and buildings | 22 | €4,019 | €2,998 | -€1,021 | -25.4% |
| Plant, machinery and equipment | 23 | - | €1,060 | +€1,060 | |
| Furniture and vehicles | 24 | €508 | €0 | -€508 | -100% |
| Current assets | 29/58 | €51,750 | €48,808 | -€2,942 | -5.7% |
| Amounts receivable within one year | 40/41 | €30,843 | €14,494 | -€16,349 | -53.0% |
| Trade receivables | 40 | €29,935 | €12,468 | -€17,466 | -58.3% |
| Other amounts receivable | 41 | €909 | €2,026 | +€1,117 | +123% |
| Cash at bank and in hand | 54/58 | €20,654 | €33,923 | +€13,269 | +64.2% |
| Deferred charges and accrued income | 490/1 | €252 | €391 | +€138 | +54.8% |
| Total equity and liabilities | 10/49 | €57,385 | €53,109 | -€4,275 | -7.5% |
| Equity | 10/15 | - | €1,974 | +€1,974 | |
| Reserves | 13 | - | €1,974 | +€1,974 | |
| Distributable reserves | 133 | - | €1,974 | +€1,974 | |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €57,385 | €51,135 | -€6,250 | -10.9% |
| Amounts payable within one year | 42/48 | €57,385 | €51,135 | -€6,250 | -10.9% |
| Financial debts | 43 | €427 | €1,200 | +€773 | +181% |
| Credit institutions | 430/8 | €427 | €1,200 | +€773 | +181% |
| Trade debts | 44 | €1,580 | €4,540 | +€2,960 | +187% |
| Suppliers | 440/4 | €1,580 | €4,540 | +€2,960 | +187% |
| Taxes, remuneration and social security | 45 | €23,182 | €28,141 | +€4,958 | +21.4% |
| Taxes | 450/3 | €12,436 | €10,193 | -€2,243 | -18.0% |
| Remuneration and social security | 454/9 | €10,746 | €17,948 | +€7,201 | +67.0% |
| Other amounts payable | 47/48 | €32,195 | €17,254 | -€14,941 | -46.4% |
| Remuneration, social security and pensions | 62 | €76,120 | €90,909 | +€14,789 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,470 | €2,768 | +€298 | +12.1% |
| Other operating charges | 640/8 | €1,058 | €1,019 | -€39 | -3.7% |
| Gross operating margin | 9900 | €111,556 | €124,836 | +€13,280 | +11.9% |
| Operating profit (loss) | 9901 | €31,908 | €30,140 | -€1,768 | -5.5% |
| Financial income | 75/76B | €19 | €33 | +€14 | +75.5% |
| Recurring financial income | 75 | €19 | €33 | +€14 | +75.5% |
| Financial charges | 65/66B | €255 | €308 | +€52 | +20.6% |
| Recurring financial charges | 65 | €255 | €308 | +€52 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €31,672 | €29,866 | -€1,806 | -5.7% |
| Income taxes | 67/77 | €10,681 | €12,891 | +€2,210 | +20.7% |
| Profit (loss) for the period | 9904 | €20,991 | €16,974 | -€4,016 | -19.1% |
| Profit (loss) for the period to be appropriated | 9905 | €20,991 | €16,974 | -€4,016 | -19.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.