THOEN: 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.
THOEN
Largest movements
- Cash -€1,302
down €1,302 (-3.4%), from €37,897 to €36,595
mainly Debts after one year (-€15,287) and Tax, wage and social debts (-€8,919)
- Profit (loss) carried forward +€17,218
up €17,218 (+53.8%), from €31,983 to €49,201
- Debts after one year -€15,287
down €15,287 (-39.2%), from €38,983 to €23,696
- Tax, wage and social debts -€8,919
down €8,919 (-97.4%), from €9,153 to €235
of which Taxes: -€8,439
- Trade debts +€3,732
up €3,732 (+1762.8%), from €212 to €3,943
- Other debts +€2,000
up €2,000 (+178.6%), from €1,120 to €3,120
- Gross operating margin -€31,542
down €31,542 (-55.3%), from €57,067 to €25,525
- Depreciation -€10,683
down €10,683 (-87.4%), from €12,219 to €1,536
- Taxes -€3,617
down €3,617 (-43.1%), from €8,396 to €4,779
- Financial charges -€1,272
down €1,272 (-47.9%), from €2,653 to €1,381
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 | €107,372 | €105,462 | -€1,911 | -1.8% |
| Fixed assets | 21/28 | €65,680 | €65,408 | -€272 | -0.4% |
| Tangible fixed assets | 22/27 | €65,680 | €65,408 | -€272 | -0.4% |
| Land and buildings | 22 | €64,500 | €63,894 | -€606 | -0.9% |
| Plant, machinery and equipment | 23 | €1,180 | €460 | -€720 | -61.0% |
| Furniture and vehicles | 24 | - | €1,054 | +€1,054 | |
| Current assets | 29/58 | €41,693 | €40,054 | -€1,639 | -3.9% |
| Amounts receivable within one year | 40/41 | €3,540 | €3,459 | -€81 | -2.3% |
| Trade receivables | 40 | €2,836 | €2,409 | -€427 | -15.1% |
| Other amounts receivable | 41 | €704 | €1,050 | +€346 | +49.2% |
| Cash at bank and in hand | 54/58 | €37,897 | €36,595 | -€1,302 | -3.4% |
| Deferred charges and accrued income | 490/1 | €256 | - | -€256 | |
| Total equity and liabilities | 10/49 | €107,372 | €105,462 | -€1,911 | -1.8% |
| Equity | 10/15 | €41,983 | €59,201 | +€17,218 | +41.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €31,983 | €49,201 | +€17,218 | +53.8% |
| Amounts payable | 17/49 | €65,390 | €46,261 | -€19,129 | -29.3% |
| Amounts payable after more than one year | 17 | €38,983 | €23,696 | -€15,287 | -39.2% |
| Financial debts | 170/4 | €38,983 | €23,696 | -€15,287 | -39.2% |
| Amounts payable within one year | 42/48 | €25,376 | €22,565 | -€2,811 | -11.1% |
| Current portion of amounts payable after more than one year | 42 | €14,891 | €15,267 | +€376 | +2.5% |
| Trade debts | 44 | €212 | €3,943 | +€3,732 | +1762.8% |
| Suppliers | 440/4 | €212 | €3,943 | +€3,732 | +1762.8% |
| Taxes, remuneration and social security | 45 | €9,153 | €235 | -€8,919 | -97.4% |
| Taxes | 450/3 | €8,673 | €235 | -€8,439 | -97.3% |
| Remuneration and social security | 454/9 | €480 | - | -€480 | |
| Other amounts payable | 47/48 | €1,120 | €3,120 | +€2,000 | +178.6% |
| Accrued charges and deferred income | 492/3 | €1,031 | - | -€1,031 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,219 | €1,536 | -€10,683 | -87.4% |
| Other operating charges | 640/8 | €217 | €612 | +€396 | +182.5% |
| Gross operating margin | 9900 | €57,067 | €25,525 | -€31,542 | -55.3% |
| Operating profit (loss) | 9901 | €44,631 | €23,377 | -€21,255 | -47.6% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €2,653 | €1,381 | -€1,272 | -47.9% |
| Recurring financial charges | 65 | €2,653 | €1,381 | -€1,272 | -47.9% |
| Profit (loss) for the period before taxes | 9903 | €41,978 | €21,997 | -€19,982 | -47.6% |
| Income taxes | 67/77 | €8,396 | €4,779 | -€3,617 | -43.1% |
| Profit (loss) for the period | 9904 | €33,583 | €17,218 | -€16,364 | -48.7% |
| Profit (loss) for the period to be appropriated | 9905 | €33,583 | €17,218 | -€16,364 | -48.7% |
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 7 October 2026 via checked.be.