THANO: 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.
THANO
Largest movements
- Receivables within one year -€23,357
down €23,357 (-70.6%), from €33,106 to €9,749
of which Trade receivables: -€15,770
- Tangible fixed assets -€13,961
down €13,961 (-11.1%), from €126,066 to €112,105
of which Land and buildings: -€10,760
- Reserves -€40,768
down €40,768 (-75.3%), from €54,142 to €13,375
of which Tax-exempt reserves: -€40,768
- Profit (loss) carried forward +€29,222
up €29,222 (+63.8%), from -€45,792 to -€16,570
- Provisions -€13,589
no longer reported in 2025 (was €13,589)
- Debts after one year -€12,114
down €12,114 (-10.2%), from €119,110 to €106,995
- Gross operating margin +€2,150
up €2,150 (+20.1%), from -€10,685 to -€8,535
- Financial income -€994
down €994 (-57.2%), from €1,738 to €744
- Financial charges -€179
down €179 (-9.0%), from €1,990 to €1,811
From the 31-12-2024 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €159,215 | €122,115 | -€37,100 | -23.3% |
| Fixed assets | 21/28 | €126,066 | €112,105 | -€13,961 | -11.1% |
| Tangible fixed assets | 22/27 | €126,066 | €112,105 | -€13,961 | -11.1% |
| Land and buildings | 22 | €110,401 | €99,641 | -€10,760 | -9.7% |
| Furniture and vehicles | 24 | €14,966 | €11,974 | -€2,993 | -20.0% |
| Other tangible fixed assets | 26 | €699 | €491 | -€208 | -29.8% |
| Current assets | 29/58 | €33,149 | €10,010 | -€23,139 | -69.8% |
| Amounts receivable within one year | 40/41 | €33,106 | €9,749 | -€23,357 | -70.6% |
| Trade receivables | 40 | €15,770 | - | -€15,770 | |
| Other amounts receivable | 41 | €17,336 | €9,749 | -€7,587 | -43.8% |
| Cash at bank and in hand | 54/58 | €43 | €261 | +€218 | +507.1% |
| Total equity and liabilities | 10/49 | €159,215 | €122,115 | -€37,100 | -23.3% |
| Equity | 10/15 | €14,550 | €3,005 | -€11,545 | -79.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,142 | €13,375 | -€40,768 | -75.3% |
| Tax-exempt reserves | 132 | €40,768 | - | -€40,768 | |
| Distributable reserves | 133 | €13,375 | €13,375 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€45,792 | -€16,570 | +€29,222 | +63.8% |
| Provisions and deferred taxes | 16 | €13,589 | - | -€13,589 | |
| Deferred taxes | 168 | €13,589 | - | -€13,589 | |
| Amounts payable | 17/49 | €131,075 | €119,110 | -€11,966 | -9.1% |
| Amounts payable after more than one year | 17 | €119,110 | €106,995 | -€12,114 | -10.2% |
| Financial debts | 170/4 | €119,110 | €106,995 | -€12,114 | -10.2% |
| Amounts payable within one year | 42/48 | €11,966 | €12,114 | +€149 | +1.2% |
| Current portion of amounts payable after more than one year | 42 | €11,966 | €12,114 | +€149 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,035 | €13,961 | -€74 | -0.5% |
| Other operating charges | 640/8 | €1,491 | €1,571 | +€80 | +5.4% |
| Gross operating margin | 9900 | -€10,685 | -€8,535 | +€2,150 | +20.1% |
| Operating profit (loss) | 9901 | -€26,211 | -€24,067 | +€2,144 | +8.2% |
| Financial income | 75/76B | €1,738 | €744 | -€994 | -57.2% |
| Recurring financial income | 75 | €1,738 | €744 | -€994 | -57.2% |
| Financial charges | 65/66B | €1,990 | €1,811 | -€179 | -9.0% |
| Recurring financial charges | 65 | €1,990 | €1,811 | -€179 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€26,463 | -€25,134 | +€1,329 | +5.0% |
| Transfer from deferred taxes | 780 | - | €13,589 | +€13,589 | |
| Profit (loss) for the period | 9904 | -€26,463 | -€11,545 | +€14,918 | +56.4% |
| Transfer from tax-exempt reserves | 789 | - | €40,768 | +€40,768 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,463 | €29,222 | +€55,685 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.