THOCHA: 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.
THOCHA
Largest movements
- Receivables within one year +€24,205
up €24,205 (+178.9%), from €13,527 to €37,732
of which Other amounts receivable: +€34,485
- Cash -€17,872
down €17,872 (-27.2%), from €65,654 to €47,782
mainly Other debts (-€36,059) and Receivables within one year (-€24,205)
- Tangible fixed assets -€6,650
down €6,650 (-4.2%), from €157,479 to €150,829
of which Land and buildings: -€7,628
- Other debts -€36,059
down €36,059 (-100.0%), from €36,059 to €0
- Profit (loss) carried forward +€35,641
up €35,641, from €0 to €35,641
- Trade debts +€11,746
up €11,746 (+45.1%), from €26,032 to €37,777
- Debts after one year -€9,936
down €9,936 (-7.1%), from €139,515 to €129,580
- Gross operating margin +€20,824
up €20,824 (+34.0%), from €61,327 to €82,151
- Financial charges +€14,422
up €14,422 (+473.9%), from €3,043 to €17,465
- Depreciation +€5,738
up €5,738 (+77.7%), from €7,388 to €13,126
- Other operating charges +€2,048
up €2,048 (+162.7%), from €1,259 to €3,307
- Taxes -€932
down €932 (-6.9%), from €13,546 to €12,614
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 | €236,740 | €236,343 | -€397 | -0.2% |
| Fixed assets | 21/28 | €157,479 | €150,829 | -€6,650 | -4.2% |
| Tangible fixed assets | 22/27 | €157,479 | €150,829 | -€6,650 | -4.2% |
| Land and buildings | 22 | €144,694 | €137,065 | -€7,628 | -5.3% |
| Plant, machinery and equipment | 23 | €4,170 | €3,124 | -€1,046 | -25.1% |
| Furniture and vehicles | 24 | €3,811 | €7,441 | +€3,630 | +95.2% |
| Leasing and similar rights | 25 | €4,804 | €3,198 | -€1,606 | -33.4% |
| Current assets | 29/58 | €79,261 | €85,514 | +€6,253 | +7.9% |
| Amounts receivable within one year | 40/41 | €13,527 | €37,732 | +€24,205 | +178.9% |
| Trade receivables | 40 | €13,048 | €2,768 | -€10,280 | -78.8% |
| Other amounts receivable | 41 | €479 | €34,964 | +€34,485 | +7197.6% |
| Cash at bank and in hand | 54/58 | €65,654 | €47,782 | -€17,872 | -27.2% |
| Deferred charges and accrued income | 490/1 | €80 | €0 | -€80 | -100.0% |
| Total equity and liabilities | 10/49 | €236,740 | €236,343 | -€397 | -0.2% |
| Equity | 10/15 | €21,868 | €57,509 | +€35,641 | +163.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €19,368 | €19,368 | = | 0.0% |
| Distributable reserves | 133 | €19,368 | €19,368 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €35,641 | +€35,641 | |
| Amounts payable | 17/49 | €214,872 | €178,833 | -€36,038 | -16.8% |
| Amounts payable after more than one year | 17 | €139,515 | €129,580 | -€9,936 | -7.1% |
| Financial debts | 170/4 | €139,515 | €129,580 | -€9,936 | -7.1% |
| Amounts payable within one year | 42/48 | €75,356 | €49,254 | -€26,103 | -34.6% |
| Current portion of amounts payable after more than one year | 42 | €10,450 | €10,086 | -€364 | -3.5% |
| Trade debts | 44 | €26,032 | €37,777 | +€11,746 | +45.1% |
| Suppliers | 440/4 | €26,032 | €37,777 | +€11,746 | +45.1% |
| Taxes, remuneration and social security | 45 | €2,816 | €1,390 | -€1,426 | -50.6% |
| Taxes | 450/3 | €2,816 | €1,390 | -€1,426 | -50.6% |
| Other amounts payable | 47/48 | €36,059 | €0 | -€36,059 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,388 | €13,126 | +€5,738 | +77.7% |
| Other operating charges | 640/8 | €1,259 | €3,307 | +€2,048 | +162.7% |
| Non-recurring operating charges | 66A | €72 | €0 | -€72 | -100.0% |
| Gross operating margin | 9900 | €61,327 | €82,151 | +€20,824 | +34.0% |
| Operating profit (loss) | 9901 | €52,608 | €65,718 | +€13,110 | +24.9% |
| Financial income | 75/76B | €5 | €3 | -€2 | -44.0% |
| Recurring financial income | 75 | €5 | €3 | -€2 | -44.0% |
| Financial charges | 65/66B | €3,043 | €17,465 | +€14,422 | +473.9% |
| Recurring financial charges | 65 | €3,043 | €17,465 | +€14,422 | +473.9% |
| Profit (loss) for the period before taxes | 9903 | €49,570 | €48,255 | -€1,315 | -2.7% |
| Income taxes | 67/77 | €13,546 | €12,614 | -€932 | -6.9% |
| Profit (loss) for the period | 9904 | €36,024 | €35,641 | -€383 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €36,024 | €35,641 | -€383 | -1.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.