Tho-Pro: 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.
Tho-Pro
Largest movements
- Cash +€73,418
up €73,418 (+331.4%), from €22,151 to €95,568
mainly Net result for the year (+€36,213) and Receivables within one year (+€22,449)
- Receivables within one year -€22,449
down €22,449 (-50.5%), from €44,431 to €21,982
- Tangible fixed assets -€2,156
down €2,156 (-36.0%), from €5,983 to €3,828
of which Furniture and vehicles: -€3,254
- Reserves +€36,213
up €36,213 (+73.7%), from €49,108 to €85,321
- Other debts +€19,571
up €19,571 (+382.8%), from €5,112 to €24,683
- Tax, wage and social debts -€7,579
down €7,579 (-49.1%), from €15,424 to €7,845
- Gross operating margin -€8,170
down €8,170 (-13.1%), from €62,430 to €54,259
- Depreciation +€3,531
up €3,531 (+673.2%), from €525 to €4,056
- Taxes -€3,079
down €3,079 (-20.0%), from €15,424 to €12,345
- Financial charges +€686
up €686 (+154.8%), from €443 to €1,128
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 | €72,696 | €121,378 | +€48,681 | +67.0% |
| Fixed assets | 21/28 | €5,983 | €3,828 | -€2,156 | -36.0% |
| Tangible fixed assets | 22/27 | €5,983 | €3,828 | -€2,156 | -36.0% |
| Plant, machinery and equipment | 23 | - | €1,098 | +€1,098 | |
| Furniture and vehicles | 24 | €5,983 | €2,729 | -€3,254 | -54.4% |
| Current assets | 29/58 | €66,713 | €117,550 | +€50,837 | +76.2% |
| Amounts receivable within one year | 40/41 | €44,431 | €21,982 | -€22,449 | -50.5% |
| Other amounts receivable | 41 | €44,431 | €21,982 | -€22,449 | -50.5% |
| Cash at bank and in hand | 54/58 | €22,151 | €95,568 | +€73,418 | +331.4% |
| Deferred charges and accrued income | 490/1 | €132 | - | -€132 | |
| Total equity and liabilities | 10/49 | €72,696 | €121,378 | +€48,681 | +67.0% |
| Equity | 10/15 | €51,608 | €87,821 | +€36,213 | +70.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €49,108 | €85,321 | +€36,213 | +73.7% |
| Distributable reserves | 133 | €49,108 | €85,321 | +€36,213 | +73.7% |
| Amounts payable | 17/49 | €21,088 | €33,557 | +€12,468 | +59.1% |
| Amounts payable within one year | 42/48 | €20,563 | €33,557 | +€12,993 | +63.2% |
| Trade debts | 44 | €27 | €1,029 | +€1,001 | +3677.1% |
| Suppliers | 440/4 | €27 | €1,029 | +€1,001 | +3677.1% |
| Taxes, remuneration and social security | 45 | €15,424 | €7,845 | -€7,579 | -49.1% |
| Taxes | 450/3 | €15,424 | €7,845 | -€7,579 | -49.1% |
| Other amounts payable | 47/48 | €5,112 | €24,683 | +€19,571 | +382.8% |
| Accrued charges and deferred income | 492/3 | €525 | - | -€525 | |
| Non-recurring operating income | 76A | - | €1,080 | +€1,080 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €525 | €4,056 | +€3,531 | +673.2% |
| Other operating charges | 640/8 | €531 | €544 | +€13 | +2.4% |
| Gross operating margin | 9900 | €62,430 | €54,259 | -€8,170 | -13.1% |
| Operating profit (loss) | 9901 | €61,374 | €49,659 | -€11,714 | -19.1% |
| Financial income | 75/76B | €0 | €27 | +€27 | +274200.0% |
| Recurring financial income | 75 | €0 | €27 | +€27 | +274200.0% |
| Financial charges | 65/66B | €443 | €1,128 | +€686 | +154.8% |
| Recurring financial charges | 65 | €443 | €1,128 | +€686 | +154.8% |
| Profit (loss) for the period before taxes | 9903 | €60,931 | €48,558 | -€12,372 | -20.3% |
| Income taxes | 67/77 | €15,424 | €12,345 | -€3,079 | -20.0% |
| Profit (loss) for the period | 9904 | €45,507 | €36,213 | -€9,294 | -20.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,507 | €36,213 | -€9,294 | -20.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.