Thocoran: 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.
Thocoran
Largest movements
- Cash +€144,807
up €144,807 (+115.1%), from €125,813 to €270,620
mainly Net result for the year (+€144,621) and Other debts (+€139,000)
- Tangible fixed assets +€22,478
up €22,478 (+5.7%), from €392,479 to €414,957
of which Furniture and vehicles: +€35,338
- Receivables within one year -€19,559
down €19,559 (-48.9%), from €40,007 to €20,448
of which Trade receivables: -€19,559
- Other debts +€139,000
up €139,000 (+2040.6%), from €6,812 to €145,811
- Trade debts +€19,449
up €19,449 (+39.7%), from €49,049 to €68,498
- Debts after one year -€14,433
down €14,433 (-11.0%), from €131,621 to €117,189
- Gross operating margin +€60,706
up €60,706 (+37.2%), from €163,103 to €223,808
- Taxes +€7,999
up €7,999 (+19.3%), from €41,479 to €49,478
- Depreciation -€4,200
down €4,200 (-15.5%), from €27,167 to €22,967
- Write-downs -€3,288
no longer reported in 2025 (was €3,288)
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 | €560,904 | €707,490 | +€146,585 | +26.1% |
| Fixed assets | 21/28 | €392,479 | €414,957 | +€22,478 | +5.7% |
| Tangible fixed assets | 22/27 | €392,479 | €414,957 | +€22,478 | +5.7% |
| Land and buildings | 22 | €370,359 | €357,661 | -€12,698 | -3.4% |
| Plant, machinery and equipment | 23 | €9,880 | €9,900 | +€20 | +0.2% |
| Furniture and vehicles | 24 | €10,803 | €46,140 | +€35,338 | +327.1% |
| Other tangible fixed assets | 26 | €1,437 | €1,255 | -€182 | -12.6% |
| Current assets | 29/58 | €168,425 | €292,533 | +€124,108 | +73.7% |
| Amounts receivable within one year | 40/41 | €40,007 | €20,448 | -€19,559 | -48.9% |
| Trade receivables | 40 | €36,080 | €16,521 | -€19,559 | -54.2% |
| Other amounts receivable | 41 | €3,928 | €3,928 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €125,813 | €270,620 | +€144,807 | +115.1% |
| Deferred charges and accrued income | 490/1 | €2,605 | €1,464 | -€1,141 | -43.8% |
| Total equity and liabilities | 10/49 | €560,904 | €707,490 | +€146,585 | +26.1% |
| Equity | 10/15 | €355,405 | €360,025 | +€4,621 | +1.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Revaluation surpluses | 12 | €39,866 | €39,866 | = | 0.0% |
| Reserves | 13 | €285,539 | €290,159 | +€4,621 | +1.6% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,700 | €15,700 | = | 0.0% |
| Distributable reserves | 133 | €266,839 | €271,459 | +€4,621 | +1.7% |
| Amounts payable | 17/49 | €205,500 | €347,464 | +€141,965 | +69.1% |
| Amounts payable after more than one year | 17 | €131,621 | €117,189 | -€14,433 | -11.0% |
| Financial debts | 170/4 | €131,621 | €117,189 | -€14,433 | -11.0% |
| Amounts payable within one year | 42/48 | €71,790 | €229,304 | +€157,514 | +219.4% |
| Current portion of amounts payable after more than one year | 42 | €14,206 | €14,433 | +€226 | +1.6% |
| Trade debts | 44 | €49,049 | €68,498 | +€19,449 | +39.7% |
| Suppliers | 440/4 | €49,049 | €68,498 | +€19,449 | +39.7% |
| Taxes, remuneration and social security | 45 | €1,723 | €562 | -€1,161 | -67.4% |
| Taxes | 450/3 | €1,723 | €562 | -€1,161 | -67.4% |
| Other amounts payable | 47/48 | €6,812 | €145,811 | +€139,000 | +2040.6% |
| Accrued charges and deferred income | 492/3 | €2,088 | €972 | -€1,117 | -53.5% |
| Non-recurring operating income | 76A | - | €4,750 | +€4,750 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,167 | €22,967 | -€4,200 | -15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €3,288 | - | -€3,288 | |
| Other operating charges | 640/8 | €4,239 | €5,172 | +€934 | +22.0% |
| Gross operating margin | 9900 | €163,103 | €223,808 | +€60,706 | +37.2% |
| Operating profit (loss) | 9901 | €128,409 | €195,668 | +€67,259 | +52.4% |
| Financial income | 75/76B | €13 | €950 | +€937 | +7318.4% |
| Recurring financial income | 75 | €13 | €950 | +€937 | +7318.4% |
| Financial charges | 65/66B | €3,440 | €2,520 | -€920 | -26.7% |
| Recurring financial charges | 65 | €3,440 | €2,520 | -€920 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €124,982 | €194,099 | +€69,116 | +55.3% |
| Income taxes | 67/77 | €41,479 | €49,478 | +€7,999 | +19.3% |
| Profit (loss) for the period | 9904 | €83,503 | €144,621 | +€61,117 | +73.2% |
| Profit (loss) for the period to be appropriated | 9905 | €83,503 | €144,621 | +€61,117 | +73.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.