THAO SOCIETY: 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.
THAO SOCIETY
Largest movements
- Receivables within one year +€43,317
up €43,317 (+56.6%), from €76,543 to €119,860
of which Other amounts receivable: +€47,883
- Cash +€1,521
new in 2025: €1,521
mainly Net result for the year (+€33,671) and Tax, wage and social debts (+€10,773)
- Profit (loss) carried forward +€33,671
up €33,671 (+53.6%), from €62,812 to €96,482
- Tax, wage and social debts +€10,773
up €10,773 (+71.7%), from €15,026 to €25,799
- Purchases and services -€13,472
down €13,472 (-12.5%), from €107,811 to €94,339
- Gross operating margin +€11,641
up €11,641 (+34.5%), from €33,761 to €45,402
- Other operating charges -€5,953
down €5,953 (-79.4%), from €7,501 to €1,548
- Turnover -€3,663
down €3,663 (-2.9%), from €127,214 to €123,551
- Taxes +€2,899
up €2,899 (+41.5%), from €6,984 to €9,883
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 | €77,838 | €122,281 | +€44,443 | +57.1% |
| Formation expenses | 20 | €1,200 | €900 | -€300 | -25.0% |
| Current assets | 29/58 | €76,638 | €121,381 | +€44,743 | +58.4% |
| Amounts receivable within one year | 40/41 | €76,543 | €119,860 | +€43,317 | +56.6% |
| Trade receivables | 40 | €9,337 | €4,771 | -€4,567 | -48.9% |
| Other amounts receivable | 41 | €67,206 | €115,089 | +€47,883 | +71.2% |
| Current investments | 50/53 | €94 | - | -€94 | |
| Cash at bank and in hand | 54/58 | - | €1,521 | +€1,521 | |
| Total equity and liabilities | 10/49 | €77,838 | €122,281 | +€44,443 | +57.1% |
| Equity | 10/15 | €62,812 | €96,482 | +€33,671 | +53.6% |
| Profit (loss) carried forward | 14 | €62,812 | €96,482 | +€33,671 | +53.6% |
| Amounts payable | 17/49 | €15,026 | €25,799 | +€10,773 | +71.7% |
| Amounts payable within one year | 42/48 | €15,026 | €25,799 | +€10,773 | +71.7% |
| Taxes, remuneration and social security | 45 | €15,026 | €25,799 | +€10,773 | +71.7% |
| Taxes | 450/3 | €15,026 | €25,799 | +€10,773 | +71.7% |
| Turnover | 70 | €127,214 | €123,551 | -€3,663 | -2.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €107,811 | €94,339 | -€13,472 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €300 | €300 | = | 0.0% |
| Other operating charges | 640/8 | €7,501 | €1,548 | -€5,953 | -79.4% |
| Gross operating margin | 9900 | €33,761 | €45,402 | +€11,641 | +34.5% |
| Operating profit (loss) | 9901 | €25,960 | €43,554 | +€17,593 | +67.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €600 | - | -€600 | |
| Recurring financial charges | 65 | €600 | - | -€600 | |
| Profit (loss) for the period before taxes | 9903 | €25,361 | €43,554 | +€18,193 | +71.7% |
| Income taxes | 67/77 | €6,984 | €9,883 | +€2,899 | +41.5% |
| Profit (loss) for the period | 9904 | €18,376 | €33,671 | +€15,295 | +83.2% |
| Profit (loss) for the period to be appropriated | 9905 | €18,376 | €33,671 | +€15,295 | +83.2% |
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 1 November 2026 via checked.be.