THOCOL: 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.
THOCOL
Largest movements
- Cash +€32,601
up €32,601 (+427%), from €7,641 to €40,242
mainly Net result for the year (+€47,538) and Tax, wage and social debts (+€6,623)
- Receivables within one year +€8,841
up €8,841 (+1,370%), from €646 to €9,486
of which Trade receivables: +€9,184
- Deferred charges and accrued income +€2,219
up €2,219 (+126%), from €1,765 to €3,984
- Tangible fixed assets +€1,320
new in 2025: €1,320
- Profit (loss) carried forward +€47,538
up €47,538, from -€1,605 to €45,933
- Other debts -€9,863
down €9,863 (-98.6%), from €10,000 to €137
- Tax, wage and social debts +€6,623
new in 2025: €6,623
- Accrued charges and deferred income +€657
new in 2025: €657
- Gross operating margin +€63,085
up €63,085, from -€1,534 to €61,551
- Taxes +€13,426
new in 2025: €13,426
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 | €11,728 | €56,359 | +€44,631 | +381% |
| Formation expenses | 20 | €1,677 | €1,328 | -€350 | -20.8% |
| Fixed assets | 21/28 | - | €1,320 | +€1,320 | |
| Tangible fixed assets | 22/27 | - | €1,320 | +€1,320 | |
| Furniture and vehicles | 24 | - | €1,320 | +€1,320 | |
| Current assets | 29/58 | €10,051 | €53,712 | +€43,661 | +434% |
| Amounts receivable within one year | 40/41 | €646 | €9,486 | +€8,841 | +1,370% |
| Trade receivables | 40 | €303 | €9,486 | +€9,184 | +3,036% |
| Other amounts receivable | 41 | €343 | - | -€343 | |
| Cash at bank and in hand | 54/58 | €7,641 | €40,242 | +€32,601 | +427% |
| Deferred charges and accrued income | 490/1 | €1,765 | €3,984 | +€2,219 | +126% |
| Total equity and liabilities | 10/49 | €11,728 | €56,359 | +€44,631 | +381% |
| Equity | 10/15 | €895 | €48,433 | +€47,538 | +5,309% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,605 | €45,933 | +€47,538 | |
| Amounts payable | 17/49 | €10,833 | €7,926 | -€2,907 | -26.8% |
| Amounts payable within one year | 42/48 | €10,833 | €7,269 | -€3,564 | -32.9% |
| Trade debts | 44 | €833 | €509 | -€324 | -38.9% |
| Suppliers | 440/4 | €833 | €509 | -€324 | -38.9% |
| Taxes, remuneration and social security | 45 | - | €6,623 | +€6,623 | |
| Taxes | 450/3 | - | €6,623 | +€6,623 | |
| Other amounts payable | 47/48 | €10,000 | €137 | -€9,863 | -98.6% |
| Accrued charges and deferred income | 492/3 | - | €657 | +€657 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €71 | €508 | +€437 | +615% |
| Other operating charges | 640/8 | - | €69 | +€69 | |
| Gross operating margin | 9900 | -€1,534 | €61,551 | +€63,085 | |
| Operating profit (loss) | 9901 | -€1,605 | €60,974 | +€62,579 | |
| Financial charges | 65/66B | - | €10 | +€10 | |
| Recurring financial charges | 65 | - | €10 | +€10 | |
| Profit (loss) for the period before taxes | 9903 | -€1,605 | €60,964 | +€62,568 | |
| Income taxes | 67/77 | - | €13,426 | +€13,426 | |
| Profit (loss) for the period | 9904 | -€1,605 | €47,538 | +€49,143 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,605 | €47,538 | +€49,143 |
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 20 October 2026 via checked.be.