THAUROS: 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.
THAUROS
Largest movements
- Cash +€41,861
up €41,861 (+70.8%), from €59,142 to €101,003
mainly Net result for the year (+€41,299) and Tax, wage and social debts (+€2,343)
- Deferred charges and accrued income +€2,702
up €2,702 (+110.9%), from €2,435 to €5,137
- Reserves +€41,299
up €41,299 (+68.1%), from €60,673 to €101,972
- Tax, wage and social debts +€2,343
up €2,343 (+30.7%), from €7,635 to €9,978
of which Taxes: +€2,436
- Other debts -€1,409
down €1,409 (-58.7%), from €2,401 to €993
- Taxes -€2,852
down €2,852 (-20.7%), from €13,759 to €10,906
- Gross operating margin +€2,542
up €2,542 (+4.8%), from €52,426 to €54,969
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 | €77,589 | €120,944 | +€43,354 | +55.9% |
| Fixed assets | 21/28 | €2,066 | €970 | -€1,096 | -53.1% |
| Tangible fixed assets | 22/27 | €2,066 | €970 | -€1,096 | -53.1% |
| Plant, machinery and equipment | 23 | €1,057 | €468 | -€589 | -55.7% |
| Furniture and vehicles | 24 | €1,009 | €502 | -€507 | -50.3% |
| Current assets | 29/58 | €75,524 | €119,974 | +€44,450 | +58.9% |
| Amounts receivable within one year | 40/41 | €13,946 | €13,834 | -€112 | -0.8% |
| Trade receivables | 40 | €12,705 | €9,741 | -€2,965 | -23.3% |
| Other amounts receivable | 41 | €1,241 | €4,094 | +€2,852 | +229.8% |
| Cash at bank and in hand | 54/58 | €59,142 | €101,003 | +€41,861 | +70.8% |
| Deferred charges and accrued income | 490/1 | €2,435 | €5,137 | +€2,702 | +110.9% |
| Total equity and liabilities | 10/49 | €77,589 | €120,944 | +€43,354 | +55.9% |
| Equity | 10/15 | €62,673 | €103,972 | +€41,299 | +65.9% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €60,673 | €101,972 | +€41,299 | +68.1% |
| Distributable reserves | 133 | €60,673 | €101,972 | +€41,299 | +68.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €14,916 | €16,972 | +€2,055 | +13.8% |
| Amounts payable within one year | 42/48 | €14,916 | €16,972 | +€2,055 | +13.8% |
| Trade debts | 44 | €4,880 | €6,001 | +€1,121 | +23.0% |
| Suppliers | 440/4 | €4,880 | €6,001 | +€1,121 | +23.0% |
| Taxes, remuneration and social security | 45 | €7,635 | €9,978 | +€2,343 | +30.7% |
| Taxes | 450/3 | €4,975 | €7,411 | +€2,436 | +49.0% |
| Remuneration and social security | 454/9 | €2,660 | €2,567 | -€92 | -3.5% |
| Other amounts payable | 47/48 | €2,401 | €993 | -€1,409 | -58.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,096 | €1,096 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €52,426 | €54,969 | +€2,542 | +4.8% |
| Operating profit (loss) | 9901 | €51,212 | €53,753 | +€2,540 | +5.0% |
| Financial income | 75/76B | - | €37 | +€37 | |
| Recurring financial income | 75 | - | €37 | +€37 | |
| Financial charges | 65/66B | €1,911 | €1,584 | -€327 | -17.1% |
| Recurring financial charges | 65 | €1,911 | €1,584 | -€327 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | €49,301 | €52,205 | +€2,904 | +5.9% |
| Income taxes | 67/77 | €13,759 | €10,906 | -€2,852 | -20.7% |
| Profit (loss) for the period | 9904 | €35,543 | €41,299 | +€5,756 | +16.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,543 | €41,299 | +€5,756 | +16.2% |
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 11 October 2026 via checked.be.