Thar: 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.
Thar
Largest movements
- Tangible fixed assets -€10,541
down €10,541 (-2.5%), from €425,522 to €414,981
- Profit (loss) carried forward -€16,049
down €16,049 (-31.9%), from -€50,384 to -€66,433
- Other debts +€5,404
up €5,404 (+7.1%), from €76,492 to €81,896
- Other operating charges -€1,152
down €1,152 (-45.3%), from €2,545 to €1,393
- Gross operating margin +€677
up €677 (+14.6%), from -€4,622 to -€3,946
- Depreciation +€147
up €147 (+1.4%), from €10,393 to €10,541
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.
Cash bridge derived
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 | €426,999 | €415,534 | -€11,465 | -2.7% |
| Fixed assets | 21/28 | €425,522 | €414,981 | -€10,541 | -2.5% |
| Tangible fixed assets | 22/27 | €425,522 | €414,981 | -€10,541 | -2.5% |
| Land and buildings | 22 | €425,522 | €414,981 | -€10,541 | -2.5% |
| Current assets | 29/58 | €1,477 | €552 | -€925 | -62.6% |
| Amounts receivable within one year | 40/41 | €206 | €13 | -€193 | -93.7% |
| Other amounts receivable | 41 | €206 | €13 | -€193 | -93.7% |
| Cash at bank and in hand | 54/58 | €902 | €152 | -€750 | -83.1% |
| Deferred charges and accrued income | 490/1 | €369 | €387 | +€18 | +4.8% |
| Total equity and liabilities | 10/49 | €426,999 | €415,534 | -€11,465 | -2.7% |
| Equity | 10/15 | €349,616 | €333,567 | -€16,049 | -4.6% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,384 | -€66,433 | -€16,049 | -31.9% |
| Amounts payable | 17/49 | €77,383 | €81,967 | +€4,583 | +5.9% |
| Amounts payable within one year | 42/48 | €77,383 | €81,967 | +€4,583 | +5.9% |
| Trade debts | 44 | €891 | €71 | -€820 | -92.0% |
| Suppliers | 440/4 | €891 | €71 | -€820 | -92.0% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €76,492 | €81,896 | +€5,404 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,393 | €10,541 | +€147 | +1.4% |
| Other operating charges | 640/8 | €2,545 | €1,393 | -€1,152 | -45.3% |
| Gross operating margin | 9900 | -€4,622 | -€3,946 | +€677 | +14.6% |
| Operating profit (loss) | 9901 | -€17,561 | -€15,879 | +€1,682 | +9.6% |
| Financial charges | 65/66B | €184 | €170 | -€14 | -7.8% |
| Recurring financial charges | 65 | €184 | €170 | -€14 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | -€17,745 | -€16,049 | +€1,696 | +9.6% |
| Profit (loss) for the period | 9904 | -€17,745 | -€16,049 | +€1,696 | +9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€17,745 | -€16,049 | +€1,696 | +9.6% |
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.