THERMOR SANDOR: 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.
THERMOR SANDOR
Largest movements
- Receivables within one year +€59,885
up €59,885 (+46.7%), from €128,155 to €188,040
of which Other amounts receivable: +€54,361
- Cash +€5,927
up €5,927 (+1,473%), from €402 to €6,329
mainly Net result for the year (+€73,285) and Depreciation (+€410)
- Profit (loss) carried forward +€73,285
up €73,285 (+116%), from €63,445 to €136,730
- Tax, wage and social debts -€7,058
down €7,058 (-13.1%), from €53,895 to €46,837
of which Remuneration and social security: -€23,425
- Gross operating margin +€12,820
up €12,820 (+13.3%), from €96,630 to €109,451
- Taxes +€2,466
up €2,466 (+15.5%), from €15,901 to €18,367
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 | €129,988 | €195,212 | +€65,224 | +50.2% |
| Fixed assets | 21/28 | €1,127 | €717 | -€410 | -36.4% |
| Tangible fixed assets | 22/27 | €1,127 | €717 | -€410 | -36.4% |
| Plant, machinery and equipment | 23 | €1,127 | €717 | -€410 | -36.4% |
| Current assets | 29/58 | €128,861 | €194,495 | +€65,634 | +50.9% |
| Amounts receivable within one year | 40/41 | €128,155 | €188,040 | +€59,885 | +46.7% |
| Trade receivables | 40 | €79,445 | €84,969 | +€5,524 | +7.0% |
| Other amounts receivable | 41 | €48,710 | €103,071 | +€54,361 | +112% |
| Cash at bank and in hand | 54/58 | €402 | €6,329 | +€5,927 | +1,473% |
| Deferred charges and accrued income | 490/1 | €304 | €126 | -€178 | -58.7% |
| Total equity and liabilities | 10/49 | €129,988 | €195,212 | +€65,224 | +50.2% |
| Equity | 10/15 | €66,445 | €139,730 | +€73,285 | +110% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €63,445 | €136,730 | +€73,285 | +116% |
| Amounts payable | 17/49 | €63,544 | €55,483 | -€8,061 | -12.7% |
| Amounts payable within one year | 42/48 | €63,544 | €55,483 | -€8,061 | -12.7% |
| Trade debts | 44 | €9,649 | €8,646 | -€1,003 | -10.4% |
| Suppliers | 440/4 | €232 | €1,585 | +€1,352 | +582% |
| Bills of exchange payable | 441 | €9,416 | €7,061 | -€2,355 | -25.0% |
| Taxes, remuneration and social security | 45 | €53,895 | €46,837 | -€7,058 | -13.1% |
| Taxes | 450/3 | €15,901 | €32,268 | +€16,367 | +103% |
| Remuneration and social security | 454/9 | €37,994 | €14,569 | -€23,425 | -61.7% |
| Remuneration, social security and pensions | 62 | €821 | - | -€821 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €102 | €410 | +€307 | +300% |
| Other operating charges | 640/8 | €60 | - | -€60 | |
| Gross operating margin | 9900 | €96,630 | €109,451 | +€12,820 | +13.3% |
| Operating profit (loss) | 9901 | €95,646 | €109,041 | +€13,395 | +14.0% |
| Financial charges | 65/66B | €16,300 | €17,388 | +€1,088 | +6.7% |
| Recurring financial charges | 65 | €16,300 | €17,388 | +€1,088 | +6.7% |
| Profit (loss) for the period before taxes | 9903 | €79,346 | €91,652 | +€12,307 | +15.5% |
| Income taxes | 67/77 | €15,901 | €18,367 | +€2,466 | +15.5% |
| Profit (loss) for the period | 9904 | €63,445 | €73,285 | +€9,840 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €63,445 | €73,285 | +€9,840 | +15.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.