THASOLNOT: 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.
THASOLNOT
Largest movements
- Tangible fixed assets -€97,690
down €97,690 (-5.3%), from €1.9m to €1.8m
of which Other tangible fixed assets: -€48,974
- Cash +€26,517
up €26,517 (+111.7%), from €23,731 to €50,248
mainly Depreciation (+€97,690) and Net result for the year (+€12,920)
- Reserves -€29,596
down €29,596 (-4.1%), from €727,644 to €698,048
of which Tax-exempt reserves: -€29,596
- Other debts -€24,021
down €24,021 (-3.4%), from €707,819 to €683,799
- Profit (loss) carried forward +€20,516
up €20,516, from -€20,279 to €237
- Gross operating margin -€8,348
down €8,348 (-7.9%), from €106,018 to €97,670
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 | €1,887,655 | €1,818,460 | -€69,196 | -3.7% |
| Fixed assets | 21/28 | €1,857,847 | €1,760,157 | -€97,690 | -5.3% |
| Tangible fixed assets | 22/27 | €1,857,847 | €1,760,157 | -€97,690 | -5.3% |
| Land and buildings | 22 | €1,671,027 | €1,623,030 | -€47,997 | -2.9% |
| Furniture and vehicles | 24 | €776 | €57 | -€719 | -92.7% |
| Other tangible fixed assets | 26 | €186,043 | €137,070 | -€48,974 | -26.3% |
| Current assets | 29/58 | €29,809 | €58,303 | +€28,494 | +95.6% |
| Amounts receivable within one year | 40/41 | €2,176 | €2,678 | +€502 | +23.0% |
| Trade receivables | 40 | €2,176 | €1,178 | -€998 | -45.9% |
| Other amounts receivable | 41 | - | €1,500 | +€1,500 | |
| Cash at bank and in hand | 54/58 | €23,731 | €50,248 | +€26,517 | +111.7% |
| Deferred charges and accrued income | 490/1 | €3,901 | €5,377 | +€1,475 | +37.8% |
| Total equity and liabilities | 10/49 | €1,887,655 | €1,818,460 | -€69,196 | -3.7% |
| Equity | 10/15 | €749,474 | €734,855 | -€14,619 | -2.0% |
| Contributions | 10/11 | €21,562 | €21,562 | = | 0.0% |
| Reserves | 13 | €727,644 | €698,048 | -€29,596 | -4.1% |
| Tax-exempt reserves | 132 | €691,984 | €662,388 | -€29,596 | -4.3% |
| Distributable reserves | 133 | €35,660 | €35,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,279 | €237 | +€20,516 | |
| Investment grants | 15 | €20,547 | €15,008 | -€5,539 | -27.0% |
| Provisions and deferred taxes | 16 | €356,318 | €341,078 | -€15,240 | -4.3% |
| Deferred taxes | 168 | €356,318 | €341,078 | -€15,240 | -4.3% |
| Amounts payable | 17/49 | €781,864 | €742,527 | -€39,337 | -5.0% |
| Amounts payable after more than one year | 17 | €55,362 | €39,872 | -€15,490 | -28.0% |
| Financial debts | 170/4 | €55,362 | €39,872 | -€15,490 | -28.0% |
| Amounts payable within one year | 42/48 | €724,254 | €702,171 | -€22,083 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €15,234 | €15,490 | +€256 | +1.7% |
| Trade debts | 44 | - | €2,882 | +€2,882 | |
| Suppliers | 440/4 | - | €2,882 | +€2,882 | |
| Taxes, remuneration and social security | 45 | €1,200 | - | -€1,200 | |
| Taxes | 450/3 | €1,200 | - | -€1,200 | |
| Other amounts payable | 47/48 | €707,819 | €683,799 | -€24,021 | -3.4% |
| Accrued charges and deferred income | 492/3 | €2,248 | €484 | -€1,764 | -78.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,066 | €97,690 | -€377 | -0.4% |
| Other operating charges | 640/8 | €5,189 | €4,800 | -€389 | -7.5% |
| Gross operating margin | 9900 | €106,018 | €97,670 | -€8,348 | -7.9% |
| Operating profit (loss) | 9901 | €2,763 | -€4,819 | -€7,582 | |
| Financial charges | 65/66B | €1,372 | €1,120 | -€252 | -18.3% |
| Recurring financial charges | 65 | €1,372 | €1,120 | -€252 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €1,392 | -€5,939 | -€7,331 | |
| Transfer from deferred taxes | 780 | €20,779 | €20,779 | = | 0.0% |
| Income taxes | 67/77 | €1,298 | €1,920 | +€622 | +47.9% |
| Profit (loss) for the period | 9904 | €20,872 | €12,920 | -€7,953 | -38.1% |
| Transfer from tax-exempt reserves | 789 | €29,596 | €29,596 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,469 | €42,516 | -€7,953 | -15.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.