THAROUL 1752: 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.
THAROUL 1752
Largest movements
- Tangible fixed assets -€61,821
down €61,821 (-28.4%), from €217,858 to €156,037
of which Other tangible fixed assets: -€58,199
- Profit (loss) carried forward -€50,179
down €50,179 (-8.0%), from -€625,730 to -€675,909
- Debts after one year -€43,690
down €43,690 (-17.8%), from €245,090 to €201,399
- Other debts +€34,062
up €34,062 (+12.7%), from €268,775 to €302,838
- Current portion of long-term debt -€7,439
down €7,439 (-14.5%), from €51,129 to €43,690
- Trade debts +€3,793
up €3,793 (+195%), from €1,950 to €5,743
- Gross operating margin -€19,353
down €19,353 (-18.6%), from €103,924 to €84,571
- Staff costs +€10,877
up €10,877 (+74.5%), from €14,609 to €25,486
- Depreciation +€6,232
up €6,232 (+6.7%), from €92,406 to €98,638
- Financial charges -€2,443
down €2,443 (-18.7%), from €13,069 to €10,627
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 | €228,776 | €165,393 | -€63,383 | -27.7% |
| Fixed assets | 21/28 | €217,858 | €156,037 | -€61,821 | -28.4% |
| Tangible fixed assets | 22/27 | €217,858 | €156,037 | -€61,821 | -28.4% |
| Plant, machinery and equipment | 23 | €1,547 | €1,141 | -€406 | -26.2% |
| Furniture and vehicles | 24 | €3,658 | €442 | -€3,216 | -87.9% |
| Other tangible fixed assets | 26 | €212,653 | €154,454 | -€58,199 | -27.4% |
| Current assets | 29/58 | €10,918 | €9,356 | -€1,562 | -14.3% |
| Amounts receivable within one year | 40/41 | €5,221 | €3,635 | -€1,585 | -30.4% |
| Trade receivables | 40 | €5,221 | €2,525 | -€2,695 | -51.6% |
| Other amounts receivable | 41 | - | €1,110 | +€1,110 | |
| Cash at bank and in hand | 54/58 | €5,698 | €5,721 | +€23 | +0.4% |
| Total equity and liabilities | 10/49 | €228,776 | €165,393 | -€63,383 | -27.7% |
| Equity | 10/15 | -€339,730 | -€389,909 | -€50,179 | -14.8% |
| Contributions | 10/11 | €286,000 | €286,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€625,730 | -€675,909 | -€50,179 | -8.0% |
| Amounts payable | 17/49 | €568,507 | €555,302 | -€13,204 | -2.3% |
| Amounts payable after more than one year | 17 | €245,090 | €201,399 | -€43,690 | -17.8% |
| Financial debts | 170/4 | €245,090 | €201,399 | -€43,690 | -17.8% |
| Amounts payable within one year | 42/48 | €323,417 | €353,903 | +€30,486 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €51,129 | €43,690 | -€7,439 | -14.5% |
| Trade debts | 44 | €1,950 | €5,743 | +€3,793 | +195% |
| Suppliers | 440/4 | €1,950 | €5,743 | +€3,793 | +195% |
| Taxes, remuneration and social security | 45 | €1,563 | €1,632 | +€69 | +4.4% |
| Taxes | 450/3 | €1,117 | - | -€1,117 | |
| Remuneration and social security | 454/9 | €446 | €1,632 | +€1,186 | +266% |
| Other amounts payable | 47/48 | €268,775 | €302,838 | +€34,062 | +12.7% |
| Remuneration, social security and pensions | 62 | €14,609 | €25,486 | +€10,877 | +74.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,406 | €98,638 | +€6,232 | +6.7% |
| Other operating charges | 640/8 | €387 | - | -€387 | |
| Gross operating margin | 9900 | €103,924 | €84,571 | -€19,353 | -18.6% |
| Operating profit (loss) | 9901 | -€3,478 | -€39,552 | -€36,074 | -1,037% |
| Financial income | 75/76B | €0 | €0 | -€0 | -81.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -81.8% |
| Financial charges | 65/66B | €13,069 | €10,627 | -€2,443 | -18.7% |
| Recurring financial charges | 65 | €13,069 | €10,627 | -€2,443 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | -€16,547 | -€50,179 | -€33,631 | -203% |
| Profit (loss) for the period | 9904 | -€16,547 | -€50,179 | -€33,631 | -203% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,547 | -€50,179 | -€33,631 | -203% |
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 20 October 2026 via checked.be.