THOBEAN: 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.
THOBEAN
Largest movements
- Tangible fixed assets +€358,933
up €358,933 (+27.8%), from €1.3m to €1.6m
of which Land and buildings: +€366,400
- Cash -€349,562
down €349,562 (-82.7%), from €422,611 to €73,048
mainly Investment in fixed assets (net) (-€480,320) and Current investments (-€112,886)
- Current investments +€112,886
up €112,886 (+654%), from €17,268 to €130,153
- Receivables within one year +€27,496
up €27,496 (+69.7%), from €39,445 to €66,941
of which Other amounts receivable: +€27,496
- Debts after one year +€316,954
up €316,954 (+102%), from €310,323 to €627,277
- Other debts -€90,828
down €90,828 (-24.4%), from €371,924 to €281,096
- Profit (loss) carried forward -€51,038
down €51,038 (-16.4%), from €312,135 to €261,097
- Tax, wage and social debts -€37,419
down €37,419 (-62.2%), from €60,132 to €22,713
of which Taxes: -€36,472
- Financial income -€54,631
down €54,631 (-98.7%), from €55,377 to €746
- Depreciation +€48,922
up €48,922 (+67.3%), from €72,665 to €121,587
- Gross operating margin -€44,095
down €44,095 (-20.7%), from €212,585 to €168,490
- Taxes -€43,890
down €43,890 (-87.8%), from €49,987 to €6,097
- Financial charges +€32,186
up €32,186 (+75.1%), from €42,843 to €75,029
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 | €1,774,585 | €1,923,665 | +€149,080 | +8.4% |
| Fixed assets | 21/28 | €1,292,623 | €1,651,356 | +€358,733 | +27.8% |
| Tangible fixed assets | 22/27 | €1,290,823 | €1,649,756 | +€358,933 | +27.8% |
| Land and buildings | 22 | €1,209,953 | €1,576,354 | +€366,400 | +30.3% |
| Plant, machinery and equipment | 23 | €6,012 | €10,353 | +€4,341 | +72.2% |
| Furniture and vehicles | 24 | €10,952 | €12,396 | +€1,444 | +13.2% |
| Other tangible fixed assets | 26 | €63,905 | €50,653 | -€13,252 | -20.7% |
| Assets under construction and advance payments | 27 | €0 | - | = | |
| Financial fixed assets | 28 | €1,800 | €1,600 | -€200 | -11.1% |
| Current assets | 29/58 | €481,963 | €272,309 | -€209,654 | -43.5% |
| Amounts receivable within one year | 40/41 | €39,445 | €66,941 | +€27,496 | +69.7% |
| Trade receivables | 40 | €30,250 | €30,250 | = | 0.0% |
| Other amounts receivable | 41 | €9,195 | €36,691 | +€27,496 | +299% |
| Current investments | 50/53 | €17,268 | €130,153 | +€112,886 | +654% |
| Cash at bank and in hand | 54/58 | €422,611 | €73,048 | -€349,562 | -82.7% |
| Deferred charges and accrued income | 490/1 | €2,639 | €2,167 | -€473 | -17.9% |
| Total equity and liabilities | 10/49 | €1,774,585 | €1,923,665 | +€149,080 | +8.4% |
| Equity | 10/15 | €959,088 | €908,049 | -€51,038 | -5.3% |
| Contributions | 10/11 | €116,200 | €116,200 | = | 0.0% |
| Reserves | 13 | €530,753 | €530,753 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €22,400 | €22,400 | = | 0.0% |
| Distributable reserves | 133 | €508,353 | €508,353 | = | 0.0% |
| Profit (loss) carried forward | 14 | €312,135 | €261,097 | -€51,038 | -16.4% |
| Amounts payable | 17/49 | €815,498 | €1,015,616 | +€200,118 | +24.5% |
| Amounts payable after more than one year | 17 | €310,323 | €627,277 | +€316,954 | +102% |
| Financial debts | 170/4 | €310,323 | €627,277 | +€316,954 | +102% |
| Amounts payable within one year | 42/48 | €503,725 | €388,339 | -€115,386 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €59,741 | €73,046 | +€13,305 | +22.3% |
| Financial debts | 43 | €1,874 | €1,954 | +€80 | +4.3% |
| Credit institutions | 430/8 | €1,874 | €1,954 | +€80 | +4.3% |
| Trade debts | 44 | €10,054 | €9,529 | -€525 | -5.2% |
| Suppliers | 440/4 | €10,054 | €9,529 | -€525 | -5.2% |
| Taxes, remuneration and social security | 45 | €60,132 | €22,713 | -€37,419 | -62.2% |
| Taxes | 450/3 | €59,185 | €22,713 | -€36,472 | -61.6% |
| Remuneration and social security | 454/9 | €947 | €0 | -€947 | -100% |
| Other amounts payable | 47/48 | €371,924 | €281,096 | -€90,828 | -24.4% |
| Accrued charges and deferred income | 492/3 | €1,450 | €0 | -€1,450 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,665 | €121,587 | +€48,922 | +67.3% |
| Other operating charges | 640/8 | €7,197 | €6,137 | -€1,060 | -14.7% |
| Non-recurring operating charges | 66A | €1,093 | €11,424 | +€10,331 | +945% |
| Gross operating margin | 9900 | €212,585 | €168,490 | -€44,095 | -20.7% |
| Operating profit (loss) | 9901 | €131,630 | €29,342 | -€102,288 | -77.7% |
| Financial income | 75/76B | €55,377 | €746 | -€54,631 | -98.7% |
| Recurring financial income | 75 | €55,377 | €746 | -€54,631 | -98.7% |
| Financial charges | 65/66B | €42,843 | €75,029 | +€32,186 | +75.1% |
| Recurring financial charges | 65 | €42,843 | €75,029 | +€32,186 | +75.1% |
| Profit (loss) for the period before taxes | 9903 | €144,165 | -€44,941 | -€189,105 | |
| Income taxes | 67/77 | €49,987 | €6,097 | -€43,890 | -87.8% |
| Profit (loss) for the period | 9904 | €94,177 | -€51,038 | -€145,215 | |
| Profit (loss) for the period to be appropriated | 9905 | €94,177 | -€51,038 | -€145,215 |
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 19 October 2026 via checked.be.