THOBO ELECTRICS: what changed
THOBO ELECTRICS
Largest movements
- Cash +€8,873
new in 2025: €8,873
mainly Depreciation (+€8,684) and Tax, wage and social debts (+€7,903)
- Tangible fixed assets -€6,815
down €6,815 (-24.6%), from €27,735 to €20,921
of which Furniture and vehicles: -€3,786
- Receivables within one year -€1,637
down €1,637 (-3.5%), from €46,633 to €44,996
of which Other amounts receivable: -€2,919
- Debts after one year -€8,117
down €8,117 (-43.7%), from €18,587 to €10,469
- Tax, wage and social debts +€7,903
up €7,903 (+33.5%), from €23,586 to €31,489
of which Remuneration and social security: +€11,146
- Other debts +€2,076
new in 2025: €2,076
- Trade debts -€1,673
down €1,673 (-30.4%), from €5,508 to €3,836
- Gross operating margin +€12,379
up €12,379 (+120%), from €10,306 to €22,685
- Staff costs +€5,193
up €5,193 (+239%), from €2,175 to €7,368
- Other operating charges +€4,070
up €4,070 (+634%), from €642 to €4,712
- Financial charges -€1,534
down €1,534 (-51.1%), from €3,001 to €1,467
- Depreciation +€1,460
up €1,460 (+20.2%), from €7,225 to €8,684
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,369 | €74,790 | +€421 | +0.6% |
| Fixed assets | 21/28 | €27,735 | €20,921 | -€6,815 | -24.6% |
| Tangible fixed assets | 22/27 | €27,735 | €20,921 | -€6,815 | -24.6% |
| Furniture and vehicles | 24 | €14,617 | €10,831 | -€3,786 | -25.9% |
| Leasing and similar rights | 25 | €13,118 | €10,090 | -€3,029 | -23.1% |
| Current assets | 29/58 | €46,633 | €53,870 | +€7,236 | +15.5% |
| Amounts receivable within one year | 40/41 | €46,633 | €44,996 | -€1,637 | -3.5% |
| Trade receivables | 40 | €43,715 | €44,996 | +€1,282 | +2.9% |
| Other amounts receivable | 41 | €2,919 | - | -€2,919 | |
| Cash at bank and in hand | 54/58 | - | €8,873 | +€8,873 | |
| Total equity and liabilities | 10/49 | €74,369 | €74,790 | +€421 | +0.6% |
| Equity | 10/15 | €18,742 | €18,803 | +€61 | +0.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,742 | €13,803 | +€61 | +0.4% |
| Amounts payable | 17/49 | €55,626 | €55,987 | +€361 | +0.6% |
| Amounts payable after more than one year | 17 | €18,587 | €10,469 | -€8,117 | -43.7% |
| Financial debts | 170/4 | €18,587 | €10,469 | -€8,117 | -43.7% |
| Amounts payable within one year | 42/48 | €37,040 | €45,518 | +€8,478 | +22.9% |
| Current portion of amounts payable after more than one year | 42 | €7,850 | €8,117 | +€268 | +3.4% |
| Financial debts | 43 | €96 | - | -€96 | |
| Credit institutions | 430/8 | €96 | - | -€96 | |
| Trade debts | 44 | €5,508 | €3,836 | -€1,673 | -30.4% |
| Suppliers | 440/4 | €5,508 | €3,836 | -€1,673 | -30.4% |
| Taxes, remuneration and social security | 45 | €23,586 | €31,489 | +€7,903 | +33.5% |
| Taxes | 450/3 | €7,942 | €4,698 | -€3,244 | -40.8% |
| Remuneration and social security | 454/9 | €15,644 | €26,791 | +€11,146 | +71.2% |
| Other amounts payable | 47/48 | - | €2,076 | +€2,076 | |
| Remuneration, social security and pensions | 62 | €2,175 | €7,368 | +€5,193 | +239% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,225 | €8,684 | +€1,460 | +20.2% |
| Other operating charges | 640/8 | €642 | €4,712 | +€4,070 | +634% |
| Gross operating margin | 9900 | €10,306 | €22,685 | +€12,379 | +120% |
| Operating profit (loss) | 9901 | €264 | €1,920 | +€1,656 | +627% |
| Financial income | 75/76B | €2 | €58 | +€57 | +3,354% |
| Recurring financial income | 75 | €2 | €58 | +€57 | +3,354% |
| Financial charges | 65/66B | €3,001 | €1,467 | -€1,534 | -51.1% |
| Recurring financial charges | 65 | €3,001 | €1,467 | -€1,534 | -51.1% |
| Profit (loss) for the period before taxes | 9903 | -€2,735 | €511 | +€3,246 | |
| Income taxes | 67/77 | - | €450 | +€450 | |
| Profit (loss) for the period | 9904 | -€2,735 | €61 | +€2,796 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,735 | €61 | +€2,796 |
Next steps
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 5 November 2026 via checked.be.