Thoé: 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.
Thoé
Largest movements
- Receivables after one year +€230,000
new in 2024: €230,000
- Cash +€85,073
up €85,073 (+70.6%), from €120,581 to €205,654
mainly Net result for the year (+€399,159) and Other debts (+€298,000)
- Receivables within one year +€26,007
up €26,007 (+14.0%), from €186,350 to €212,357
of which Trade receivables: +€27,954
- Stocks and contracts -€9,961
down €9,961 (-5.4%), from €183,731 to €173,770
- Other debts +€298,000
up €298,000 (+292.2%), from €102,000 to €400,000
- Advances received +€49,361
up €49,361 (+20.2%), from €244,597 to €293,958
- Debts after one year -€22,928
down €22,928 (-37.1%), from €61,716 to €38,789
- Tax, wage and social debts +€18,756
up €18,756 (+55.3%), from €33,932 to €52,688
of which Remuneration and social security: +€14,119
- Trade debts -€16,809
down €16,809 (-26.7%), from €62,867 to €46,058
- Gross operating margin +€338,131
up €338,131 (+93.3%), from €362,440 to €700,571
- Staff costs +€58,472
up €58,472 (+20.6%), from €283,484 to €341,956
- Financial income +€19,752
up €19,752 (+27.3%), from €72,293 to €92,045
of which Financial income: +€13,752
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €638,837 | €976,222 | +€337,386 | +52.8% |
| Fixed assets | 21/28 | €138,284 | €143,842 | +€5,559 | +4.0% |
| Tangible fixed assets | 22/27 | €111,870 | €117,231 | +€5,361 | +4.8% |
| Plant, machinery and equipment | 23 | €68,100 | €82,416 | +€14,316 | +21.0% |
| Furniture and vehicles | 24 | €41,379 | €33,744 | -€7,635 | -18.5% |
| Other tangible fixed assets | 26 | €2,391 | €1,071 | -€1,320 | -55.2% |
| Financial fixed assets | 28 | €26,414 | €26,611 | +€198 | +0.7% |
| Current assets | 29/58 | €500,553 | €832,380 | +€331,827 | +66.3% |
| Amounts receivable after more than one year | 29 | - | €230,000 | +€230,000 | |
| Other amounts receivable | 291 | - | €230,000 | +€230,000 | |
| Stocks and contracts in progress | 3 | €183,731 | €173,770 | -€9,961 | -5.4% |
| Stocks | 30/36 | €183,731 | €173,770 | -€9,961 | -5.4% |
| Amounts receivable within one year | 40/41 | €186,350 | €212,357 | +€26,007 | +14.0% |
| Trade receivables | 40 | €169,119 | €197,073 | +€27,954 | +16.5% |
| Other amounts receivable | 41 | €17,230 | €15,284 | -€1,946 | -11.3% |
| Cash at bank and in hand | 54/58 | €120,581 | €205,654 | +€85,073 | +70.6% |
| Deferred charges and accrued income | 490/1 | €9,891 | €10,599 | +€708 | +7.2% |
| Total equity and liabilities | 10/49 | €638,837 | €976,222 | +€337,386 | +52.8% |
| Equity | 10/15 | €111,580 | €110,739 | -€841 | -0.8% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,237 | €10,237 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €237 | €237 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,343 | €501 | -€841 | -62.7% |
| Amounts payable | 17/49 | €527,257 | €865,484 | +€338,227 | +64.1% |
| Amounts payable after more than one year | 17 | €61,716 | €38,789 | -€22,928 | -37.1% |
| Financial debts | 170/4 | €61,716 | €38,789 | -€22,928 | -37.1% |
| Amounts payable within one year | 42/48 | €465,541 | €815,695 | +€350,154 | +75.2% |
| Current portion of amounts payable after more than one year | 42 | €22,145 | €22,928 | +€783 | +3.5% |
| Financial debts | 43 | - | €64 | +€64 | |
| Credit institutions | 430/8 | - | €64 | +€64 | |
| Trade debts | 44 | €62,867 | €46,058 | -€16,809 | -26.7% |
| Suppliers | 440/4 | €62,867 | €46,058 | -€16,809 | -26.7% |
| Advances received on contracts in progress | 46 | €244,597 | €293,958 | +€49,361 | +20.2% |
| Taxes, remuneration and social security | 45 | €33,932 | €52,688 | +€18,756 | +55.3% |
| Taxes | 450/3 | €2,911 | €7,548 | +€4,636 | +159.3% |
| Remuneration and social security | 454/9 | €31,021 | €45,140 | +€14,119 | +45.5% |
| Other amounts payable | 47/48 | €102,000 | €400,000 | +€298,000 | +292.2% |
| Accrued charges and deferred income | 492/3 | - | €11,000 | +€11,000 | |
| Remuneration, social security and pensions | 62 | €283,484 | €341,956 | +€58,472 | +20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,322 | €35,770 | +€6,448 | +22.0% |
| Other operating charges | 640/8 | €9,370 | €4,189 | -€5,181 | -55.3% |
| Gross operating margin | 9900 | €362,440 | €700,571 | +€338,131 | +93.3% |
| Operating profit (loss) | 9901 | €40,263 | €318,655 | +€278,391 | +691.4% |
| Financial income | 75/76B | €72,293 | €92,045 | +€19,752 | +27.3% |
| Recurring financial income | 75 | €72,293 | €86,045 | +€13,752 | +19.0% |
| Non-recurring financial income | 76B | - | €6,000 | +€6,000 | |
| Financial charges | 65/66B | €8,074 | €8,169 | +€95 | +1.2% |
| Recurring financial charges | 65 | €8,074 | €8,169 | +€95 | +1.2% |
| Profit (loss) for the period before taxes | 9903 | €104,482 | €402,531 | +€298,049 | +285.3% |
| Income taxes | 67/77 | €3,561 | €3,372 | -€189 | -5.3% |
| Profit (loss) for the period | 9904 | €100,921 | €399,159 | +€298,238 | +295.5% |
| Profit (loss) for the period to be appropriated | 9905 | €100,921 | €399,159 | +€298,238 | +295.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.