Thodum: 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.
Thodum
Largest movements
- Current investments +€30,000
new in 2025: €30,000
- Receivables within one year -€22,762
down €22,762 (-49.3%), from €46,133 to €23,371
of which Other amounts receivable: -€32,400
- Cash -€8,902
down €8,902 (-23.2%), from €38,441 to €29,539
mainly Contributions, distributions and other (-€56,971) and Current investments (-€30,000)
- Profit (loss) carried forward -€56,971
no longer reported in 2025 (was €56,971)
- Other debts +€29,926
up €29,926 (+137.4%), from €21,779 to €51,706
- Reserves +€26,781
new in 2025: €26,781
- Debts after one year -€3,282
down €3,282 (-49.5%), from €6,630 to €3,348
- Trade debts +€1,886
up €1,886 (+537.3%), from €351 to €2,237
- Gross operating margin -€13,153
down €13,153 (-26.5%), from €49,623 to €36,470
- Taxes +€1,834
up €1,834 (+33.4%), from €5,489 to €7,323
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 | €100,187 | €98,533 | -€1,654 | -1.7% |
| Fixed assets | 21/28 | €14,716 | €14,503 | -€214 | -1.5% |
| Tangible fixed assets | 22/27 | €716 | €503 | -€214 | -29.8% |
| Plant, machinery and equipment | 23 | €410 | €321 | -€89 | -21.7% |
| Furniture and vehicles | 24 | €306 | €181 | -€124 | -40.7% |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €85,471 | €84,030 | -€1,441 | -1.7% |
| Amounts receivable within one year | 40/41 | €46,133 | €23,371 | -€22,762 | -49.3% |
| Trade receivables | 40 | €11,422 | €21,060 | +€9,638 | +84.4% |
| Other amounts receivable | 41 | €34,711 | €2,311 | -€32,400 | -93.3% |
| Current investments | 50/53 | - | €30,000 | +€30,000 | |
| Cash at bank and in hand | 54/58 | €38,441 | €29,539 | -€8,902 | -23.2% |
| Deferred charges and accrued income | 490/1 | €896 | €1,120 | +€224 | +25.0% |
| Total equity and liabilities | 10/49 | €100,187 | €98,533 | -€1,654 | -1.7% |
| Equity | 10/15 | €61,971 | €31,781 | -€30,190 | -48.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €26,781 | +€26,781 | |
| Distributable reserves | 133 | - | €26,781 | +€26,781 | |
| Profit (loss) carried forward | 14 | €56,971 | - | -€56,971 | |
| Amounts payable | 17/49 | €38,217 | €66,753 | +€28,536 | +74.7% |
| Amounts payable after more than one year | 17 | €6,630 | €3,348 | -€3,282 | -49.5% |
| Financial debts | 170/4 | €6,630 | €3,348 | -€3,282 | -49.5% |
| Amounts payable within one year | 42/48 | €31,587 | €63,404 | +€31,818 | +100.7% |
| Current portion of amounts payable after more than one year | 42 | €3,217 | €3,282 | +€65 | +2.0% |
| Trade debts | 44 | €351 | €2,237 | +€1,886 | +537.3% |
| Suppliers | 440/4 | €351 | €2,237 | +€1,886 | +537.3% |
| Taxes, remuneration and social security | 45 | €6,240 | €6,181 | -€60 | -1.0% |
| Taxes | 450/3 | €6,240 | €6,181 | -€60 | -1.0% |
| Other amounts payable | 47/48 | €21,779 | €51,706 | +€29,926 | +137.4% |
| Non-recurring operating income | 76A | €22,000 | - | -€22,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €380 | €214 | -€166 | -43.8% |
| Other operating charges | 640/8 | €1,047 | €970 | -€77 | -7.3% |
| Gross operating margin | 9900 | €49,623 | €36,470 | -€13,153 | -26.5% |
| Operating profit (loss) | 9901 | €48,196 | €35,286 | -€12,910 | -26.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,462 | €1,182 | -€279 | -19.1% |
| Recurring financial charges | 65 | €1,462 | €1,182 | -€279 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €46,734 | €34,104 | -€12,631 | -27.0% |
| Income taxes | 67/77 | €5,489 | €7,323 | +€1,834 | +33.4% |
| Profit (loss) for the period | 9904 | €41,245 | €26,781 | -€14,465 | -35.1% |
| Profit (loss) for the period to be appropriated | 9905 | €41,245 | €26,781 | -€14,465 | -35.1% |
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 11 October 2026 via checked.be.