THOC: 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.
THOC
Largest movements
- Cash -€277,233
down €277,233 (-100.0%), from €277,238 to €5
mainly Contributions, distributions and other (-€255,945) and Trade debts (-€17,532)
- Receivables within one year -€14,348
down €14,348 (-45.2%), from €31,745 to €17,397
- Reserves -€255,945
no longer reported in 2025 (was €255,945)
- Trade debts -€17,532
no longer reported in 2025 (was €17,532)
- Short-term financial debts -€16,906
no longer reported in 2025 (was €16,906)
- Gross operating margin -€129,492
down €129,492, from €128,533 to -€959
- Taxes -€33,041
no longer reported in 2025 (was €33,041)
- Financial income -€5,505
down €5,505 (-92.9%), from €5,923 to €418
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 | €308,983 | €17,402 | -€291,581 | -94.4% |
| Current assets | 29/58 | €308,983 | €17,402 | -€291,581 | -94.4% |
| Amounts receivable within one year | 40/41 | €31,745 | €17,397 | -€14,348 | -45.2% |
| Other amounts receivable | 41 | €31,745 | €17,397 | -€14,348 | -45.2% |
| Cash at bank and in hand | 54/58 | €277,238 | €5 | -€277,233 | -100.0% |
| Total equity and liabilities | 10/49 | €308,983 | €17,402 | -€291,581 | -94.4% |
| Equity | 10/15 | €274,545 | €17,402 | -€257,143 | -93.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €255,945 | - | -€255,945 | |
| Distributable reserves | 133 | €255,945 | - | -€255,945 | |
| Profit (loss) carried forward | 14 | - | -€1,198 | -€1,198 | |
| Amounts payable | 17/49 | €34,438 | - | -€34,438 | |
| Amounts payable within one year | 42/48 | €34,438 | - | -€34,438 | |
| Financial debts | 43 | €16,906 | - | -€16,906 | |
| Credit institutions | 430/8 | €16,906 | - | -€16,906 | |
| Trade debts | 44 | €17,532 | - | -€17,532 | |
| Suppliers | 440/4 | €17,532 | - | -€17,532 | |
| Non-recurring operating income | 76A | - | €11 | +€11 | |
| Other operating charges | 640/8 | €511 | €554 | +€43 | +8.4% |
| Gross operating margin | 9900 | €128,533 | -€959 | -€129,492 | |
| Operating profit (loss) | 9901 | €128,022 | -€1,513 | -€129,535 | |
| Financial income | 75/76B | €5,923 | €418 | -€5,505 | -92.9% |
| Recurring financial income | 75 | €5,923 | €418 | -€5,505 | -92.9% |
| Financial charges | 65/66B | €1,099 | €103 | -€996 | -90.6% |
| Recurring financial charges | 65 | €1,099 | €103 | -€996 | -90.6% |
| Profit (loss) for the period before taxes | 9903 | €132,846 | -€1,198 | -€134,044 | |
| Income taxes | 67/77 | €33,041 | - | -€33,041 | |
| Profit (loss) for the period | 9904 | €99,805 | -€1,198 | -€101,003 | |
| Profit (loss) for the period to be appropriated | 9905 | €99,805 | -€1,198 | -€101,003 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.