Thanatotrans: 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.
Thanatotrans
Largest movements
- Tangible fixed assets +€65,252
up €65,252 (+168%), from €38,887 to €104,139
of which Furniture and vehicles: +€67,032
- Receivables within one year +€23,586
up €23,586 (+59.3%), from €39,744 to €63,330
of which Trade receivables: +€22,180
- Cash +€9,924
up €9,924 (+36.0%), from €27,529 to €37,453
mainly Debts after one year (+€42,172) and Current portion of long-term debt (+€23,622)
- Debts after one year +€42,172
up €42,172 (+373%), from €11,295 to €53,467
- Current portion of long-term debt +€23,622
up €23,622 (+836%), from €2,826 to €26,448
- Reserves +€18,802
up €18,802 (+33.8%), from €55,647 to €74,448
- Other debts +€6,444
new in 2025: €6,444
- Trade debts +€4,623
up €4,623 (+28.2%), from €16,370 to €20,994
- Gross operating margin +€90,705
up €90,705 (+151%), from €60,020 to €150,725
- Staff costs +€69,690
up €69,690 (+219%), from €31,864 to €101,554
- Depreciation +€10,515
up €10,515 (+110%), from €9,570 to €20,085
- Taxes +€2,433
up €2,433 (+58.6%), from €4,149 to €6,582
- Financial charges +€2,108
up €2,108 (+251%), from €840 to €2,948
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 | €107,914 | €206,314 | +€98,401 | +91.2% |
| Fixed assets | 21/28 | €38,887 | €104,139 | +€65,252 | +168% |
| Tangible fixed assets | 22/27 | €38,887 | €104,139 | +€65,252 | +168% |
| Plant, machinery and equipment | 23 | €2,014 | €3,619 | +€1,604 | +79.6% |
| Furniture and vehicles | 24 | €6,728 | €73,761 | +€67,032 | +996% |
| Other tangible fixed assets | 26 | €30,144 | €26,760 | -€3,385 | -11.2% |
| Current assets | 29/58 | €69,027 | €102,176 | +€33,149 | +48.0% |
| Amounts receivable within one year | 40/41 | €39,744 | €63,330 | +€23,586 | +59.3% |
| Trade receivables | 40 | €29,542 | €51,722 | +€22,180 | +75.1% |
| Other amounts receivable | 41 | €10,202 | €11,608 | +€1,407 | +13.8% |
| Cash at bank and in hand | 54/58 | €27,529 | €37,453 | +€9,924 | +36.0% |
| Deferred charges and accrued income | 490/1 | €1,754 | €1,392 | -€361 | -20.6% |
| Total equity and liabilities | 10/49 | €107,914 | €206,314 | +€98,401 | +91.2% |
| Equity | 10/15 | €56,647 | €75,448 | +€18,802 | +33.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €55,647 | €74,448 | +€18,802 | +33.8% |
| Distributable reserves | 133 | €55,647 | €74,448 | +€18,802 | +33.8% |
| Amounts payable | 17/49 | €51,267 | €130,866 | +€79,599 | +155% |
| Amounts payable after more than one year | 17 | €11,295 | €53,467 | +€42,172 | +373% |
| Financial debts | 170/4 | €11,295 | €53,467 | +€42,172 | +373% |
| Amounts payable within one year | 42/48 | €39,973 | €77,399 | +€37,427 | +93.6% |
| Current portion of amounts payable after more than one year | 42 | €2,826 | €26,448 | +€23,622 | +836% |
| Trade debts | 44 | €16,370 | €20,994 | +€4,623 | +28.2% |
| Suppliers | 440/4 | €16,370 | €20,994 | +€4,623 | +28.2% |
| Taxes, remuneration and social security | 45 | €20,776 | €23,513 | +€2,737 | +13.2% |
| Taxes | 450/3 | €17,076 | €10,685 | -€6,391 | -37.4% |
| Remuneration and social security | 454/9 | €3,700 | €12,828 | +€9,128 | +247% |
| Other amounts payable | 47/48 | - | €6,444 | +€6,444 | |
| Remuneration, social security and pensions | 62 | €31,864 | €101,554 | +€69,690 | +219% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,570 | €20,085 | +€10,515 | +110% |
| Other operating charges | 640/8 | €1,134 | €1,479 | +€346 | +30.5% |
| Gross operating margin | 9900 | €60,020 | €150,725 | +€90,705 | +151% |
| Operating profit (loss) | 9901 | €17,452 | €27,606 | +€10,155 | +58.2% |
| Financial income | 75/76B | €165 | €725 | +€559 | +338% |
| Recurring financial income | 75 | €165 | €725 | +€559 | +338% |
| Financial charges | 65/66B | €840 | €2,948 | +€2,108 | +251% |
| Recurring financial charges | 65 | €840 | €2,948 | +€2,108 | +251% |
| Profit (loss) for the period before taxes | 9903 | €16,777 | €25,384 | +€8,606 | +51.3% |
| Income taxes | 67/77 | €4,149 | €6,582 | +€2,433 | +58.6% |
| Profit (loss) for the period | 9904 | €12,628 | €18,802 | +€6,174 | +48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,628 | €18,802 | +€6,174 | +48.9% |
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 15 October 2026 via checked.be.