Thobeco: what changed
What changed
Thobeco
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€34,660
2024 · €33,663+€997
Equity
€142,877
2024 · €109,050+€33,827
Cash
€7,858
2024 · €7,515+€343
Balance sheet total
€1.2m
2024 · €412,436+€749,894
Largest movements
Assets
- Financial fixed assets +€750,000
up €750,000 (+188%), from €400,000 to €1.2m
Equity and liabilities
- Debts after one year +€461,700
up €461,700 (+179%), from €257,991 to €719,690
of which Financial debts: +€461,700
- Other debts +€250,833
up €250,833, from €0 to €250,833
- Profit (loss) carried forward +€33,827
up €33,827 (+32.5%), from €104,050 to €137,877
Income statement
No income-statement line moved by more than 1% of the activity.
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€33,663
Gross operating margin
-€170
Depreciation
+€453
Other operating charges
+€336
Financial income
+€60
Financial charges
+€439
Taxes
-€120
Result 2025
€34,660
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€288,524
Investment
-€750,000
Financing
+€461,818
Cash 2024
€7,515
From operations (derived)
+€288,524
Net result for the year
+€34,660
Depreciation
+€538
Smaller working-capital items
+€2,493
Other debts
+€250,833
Investment (derived)
-€750,000
Investment in fixed assets (net)
-€750,000
Financing
+€461,818
Debts after one year
+€461,700
Current portion of long-term debt
+€962
Short-term financial debts
-€10
Contributions, distributions and other
-€833
Cash 2025
€7,858
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €412,436 | €1,162,330 | +€749,894 | +182% |
| Fixed assets | 21/28 | €404,026 | €1,153,488 | +€749,462 | +185% |
| Tangible fixed assets | 22/27 | €4,026 | €3,488 | -€538 | -13.4% |
| Plant, machinery and equipment | 23 | €40 | €0 | -€40 | -100% |
| Other tangible fixed assets | 26 | €3,986 | €3,488 | -€498 | -12.5% |
| Financial fixed assets | 28 | €400,000 | €1,150,000 | +€750,000 | +188% |
| Current assets | 29/58 | €8,410 | €8,842 | +€432 | +5.1% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €480 | €157 | -€323 | -67.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €480 | €157 | -€323 | -67.3% |
| Cash at bank and in hand | 54/58 | €7,515 | €7,858 | +€343 | +4.6% |
| Deferred charges and accrued income | 490/1 | €415 | €827 | +€413 | +99.5% |
| Total equity and liabilities | 10/49 | €412,436 | €1,162,330 | +€749,894 | +182% |
| Equity | 10/15 | €109,050 | €142,877 | +€33,827 | +31.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €104,050 | €137,877 | +€33,827 | +32.5% |
| Amounts payable | 17/49 | €303,386 | €1,019,453 | +€716,067 | +236% |
| Amounts payable after more than one year | 17 | €257,991 | €719,690 | +€461,700 | +179% |
| Financial debts | 170/4 | €257,991 | €719,690 | +€461,700 | +179% |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €45,378 | €299,763 | +€254,384 | +561% |
| Current portion of amounts payable after more than one year | 42 | €37,339 | €38,300 | +€962 | +2.6% |
| Financial debts | 43 | €3,385 | €3,375 | -€10 | -0.3% |
| Credit institutions | 430/8 | €3,385 | €3,375 | -€10 | -0.3% |
| Trade debts | 44 | €1,876 | €3,279 | +€1,403 | +74.8% |
| Suppliers | 440/4 | €1,876 | €3,279 | +€1,403 | +74.8% |
| Taxes, remuneration and social security | 45 | €2,779 | €3,975 | +€1,196 | +43.1% |
| Taxes | 450/3 | €2,779 | €3,975 | +€1,196 | +43.1% |
| Other amounts payable | 47/48 | €0 | €250,833 | +€250,833 | |
| Accrued charges and deferred income | 492/3 | €16 | €0 | -€16 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €991 | €538 | -€453 | -45.7% |
| Other operating charges | 640/8 | €1,013 | €678 | -€336 | -33.1% |
| Gross operating margin | 9900 | €57,063 | €56,893 | -€170 | -0.3% |
| Operating profit (loss) | 9901 | €55,060 | €55,678 | +€618 | +1.1% |
| Financial income | 75/76B | €0 | €60 | +€60 | +75,475% |
| Recurring financial income | 75 | €0 | €60 | +€60 | +75,475% |
| Financial charges | 65/66B | €9,470 | €9,031 | -€439 | -4.6% |
| Recurring financial charges | 65 | €9,470 | €9,031 | -€439 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €45,590 | €46,708 | +€1,118 | +2.5% |
| Income taxes | 67/77 | €11,927 | €12,048 | +€120 | +1.0% |
| Profit (loss) for the period | 9904 | €33,663 | €34,660 | +€997 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,663 | €34,660 | +€997 | +3.0% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.