THOEN AUTOGROEP: 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.
What changed
THOEN AUTOGROEP
NACE 95.311, General maintenance and repair of cars and light vans (up to 3.5 tonnes)
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€545,023
2024 · -€160,310-€384,713
Equity
-€401,586
2024 · €143,436-€545,023
Cash
€45,689
2024 · €324,221-€278,532
Balance sheet total
€12.7m
2024 · €12.7m+€12,033
Largest movements
Assets
- Stocks and contracts +€510,884
up €510,884 (+8.6%), from €5.9m to €6.5m
of which Stocks: +€537,581
- Cash -€278,532
down €278,532 (-85.9%), from €324,221 to €45,689
mainly Net result for the year (-€545,023) and Stocks and contracts (-€510,884)
- Tangible fixed assets -€248,418
down €248,418 (-4.6%), from €5.4m to €5.2m
Equity and liabilities
- Other debts +€1.1m
up €1.1m (+18.3%), from €5.8m to €6.9m
- Profit (loss) carried forward -€545,023
down €545,023 (-91.2%), from -€597,813 to -€1.1m
- Trade debts -€346,983
down €346,983 (-8.7%), from €4.0m to €3.7m
- Debts after one year -€162,549
down €162,549 (-7.0%), from €2.3m to €2.1m
of which Financial debts: -€162,549
Income statement
- Turnover +€2.6m
up €2.6m (+17.2%), from €15.0m to €17.5m
- Goods and materials +€2.4m
up €2.4m (+18.3%), from €13.0m to €15.4m
of which Purchases: +€2.6m
- Staff costs +€260,434
up €260,434 (+24.6%), from €1.1m to €1.3m
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.
Result 2024
-€160,310
Turnover
+€2.6m
Other operating income
+€6,329
Goods and materials
-€2.4m
Services and other goods
-€123,504
Staff costs
-€260,434
Depreciation
-€83,216
Write-downs
-€131,657
Other operating charges
+€5,171
Other operating items
+€25,243
Financial income
-€509
Financial charges
-€15,713
Taxes
-€8
Result 2025
-€545,023
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€88,720
Investment
-€210,087
Financing
-€157,165
Cash 2024
€324,221
From operations (derived)
+€88,720
Net result for the year
-€545,023
Depreciation
+€459,256
Stocks and contracts
-€510,884
Receivables within one year
-€19,996
Deferred charges and accrued income
-€8,853
Trade debts
-€346,983
Tax, wage and social debts
+€26,502
Advances received
-€34,550
Other debts
+€1.1m
Accrued charges and deferred income
+€3,861
Investment (derived)
-€210,087
Investment in fixed assets (net)
-€210,087
Financing
-€157,165
Debts after one year
-€162,549
Current portion of long-term debt
+€5,437
Short-term financial debts
-€53
Cash 2025
€45,689
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,736,516 | €12,748,548 | +€12,033 | +0.1% |
| Fixed assets | 21/28 | €5,408,187 | €5,159,019 | -€249,168 | -4.6% |
| Intangible fixed assets | 21 | €6,035 | €5,285 | -€750 | -12.4% |
| Tangible fixed assets | 22/27 | €5,402,152 | €5,153,734 | -€248,418 | -4.6% |
| Land and buildings | 22 | €3,705,220 | €3,586,744 | -€118,476 | -3.2% |
| Plant, machinery and equipment | 23 | €203,223 | €189,400 | -€13,823 | -6.8% |
| Furniture and vehicles | 24 | €1,167,136 | €1,085,723 | -€81,414 | -7.0% |
| Other tangible fixed assets | 26 | €326,574 | €291,867 | -€34,706 | -10.6% |
| Current assets | 29/58 | €7,328,328 | €7,589,529 | +€261,201 | +3.6% |
| Stocks and contracts in progress | 3 | €5,947,051 | €6,457,935 | +€510,884 | +8.6% |
| Stocks | 30/36 | €5,883,017 | €6,420,598 | +€537,581 | +9.1% |
| Goods purchased for resale | 34 | €5,883,017 | €6,420,598 | +€537,581 | +9.1% |
| Contracts in progress | 37 | €64,034 | €37,337 | -€26,697 | -41.7% |
| Amounts receivable within one year | 40/41 | €1,046,082 | €1,066,079 | +€19,996 | +1.9% |
| Trade receivables | 40 | €998,435 | €1,047,233 | +€48,798 | +4.9% |
| Other amounts receivable | 41 | €47,648 | €18,846 | -€28,802 | -60.4% |
| Cash at bank and in hand | 54/58 | €324,221 | €45,689 | -€278,532 | -85.9% |
| Deferred charges and accrued income | 490/1 | €10,973 | €19,826 | +€8,853 | +80.7% |
| Total equity and liabilities | 10/49 | €12,736,516 | €12,748,548 | +€12,033 | +0.1% |
| Equity | 10/15 | €143,436 | -€401,586 | -€545,023 | |
| Contributions | 10/11 | €249,992 | €249,992 | = | 0.0% |
| Capital | 10 | €249,992 | €249,992 | = | 0.0% |
| Issued capital | 100 | €249,992 | €249,992 | = | 0.0% |
| Reserves | 13 | €491,257 | €491,257 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Legal reserve | 130 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €46,500 | €46,500 | = | 0.0% |
| Distributable reserves | 133 | €442,897 | €442,897 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€597,813 | -€1,142,835 | -€545,023 | -91.2% |
| Amounts payable | 17/49 | €12,593,079 | €13,150,134 | +€557,055 | +4.4% |
| Amounts payable after more than one year | 17 | €2,309,186 | €2,146,637 | -€162,549 | -7.0% |
| Financial debts | 170/4 | €2,308,332 | €2,145,783 | -€162,549 | -7.0% |
| Credit institutions | 173 | €2,308,332 | €2,145,783 | -€162,549 | -7.0% |
| Other amounts payable | 178/9 | €854 | €854 | = | 0.0% |
| Amounts payable within one year | 42/48 | €10,283,894 | €10,999,637 | +€715,743 | +7.0% |
| Current portion of amounts payable after more than one year | 42 | €157,112 | €162,549 | +€5,437 | +3.5% |
| Financial debts | 43 | €66,568 | €66,516 | -€53 | -0.1% |
| Credit institutions | 430/8 | €16,568 | €66,516 | +€49,947 | +301% |
| Other loans | 439 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €4,001,359 | €3,654,376 | -€346,983 | -8.7% |
| Suppliers | 440/4 | €4,001,359 | €3,654,376 | -€346,983 | -8.7% |
| Advances received on contracts in progress | 46 | €106,093 | €71,543 | -€34,550 | -32.6% |
| Taxes, remuneration and social security | 45 | €129,864 | €156,366 | +€26,502 | +20.4% |
| Taxes | 450/3 | €28,689 | €29,260 | +€571 | +2.0% |
| Remuneration and social security | 454/9 | €101,175 | €127,106 | +€25,931 | +25.6% |
| Other amounts payable | 47/48 | €5,822,897 | €6,888,288 | +€1.1m | +18.3% |
| Accrued charges and deferred income | 492/3 | - | €3,861 | +€3,861 | |
| Operating income | 70/76A | €15,499,773 | €18,096,384 | +€2.6m | +16.8% |
| Turnover | 70 | €14,954,211 | €17,525,165 | +€2.6m | +17.2% |
| Other operating income | 74 | €515,537 | €521,867 | +€6,329 | +1.2% |
| Non-recurring operating income | 76A | €30,024 | €49,352 | +€19,328 | +64.4% |
| Operating charges | 60/66A | €15,487,024 | €18,452,118 | +€3.0m | +19.1% |
| Goods for resale, raw materials and consumables | 60 | €13,020,358 | €15,397,729 | +€2.4m | +18.3% |
| Purchases | 600/8 | €13,359,454 | €15,962,134 | +€2.6m | +19.5% |
| Change in stocks: decrease (increase) | 609 | -€339,095 | -€564,406 | -€225,310 | -66.4% |
| Services and other goods | 61 | €1,037,533 | €1,161,037 | +€123,504 | +11.9% |
| Remuneration, social security and pensions | 62 | €1,059,044 | €1,319,478 | +€260,434 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €376,040 | €459,256 | +€83,216 | +22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€56,598 | €75,059 | +€131,657 | |
| Other operating charges | 640/8 | €41,181 | €36,010 | -€5,171 | -12.6% |
| Non-recurring operating charges | 66A | €9,465 | €3,550 | -€5,916 | -62.5% |
| Operating profit (loss) | 9901 | €12,749 | -€355,734 | -€368,483 | |
| Financial income | 75/76B | €1,464 | €955 | -€509 | -34.8% |
| Recurring financial income | 75 | €1,464 | €955 | -€509 | -34.8% |
| Income from current assets | 751 | €13 | €725 | +€713 | +5,655% |
| Other financial income | 752/9 | €1,452 | €230 | -€1,222 | -84.2% |
| Financial charges | 65/66B | €172,671 | €188,383 | +€15,713 | +9.1% |
| Recurring financial charges | 65 | €172,671 | €188,383 | +€15,713 | +9.1% |
| Debt charges | 650 | €160,479 | €154,064 | -€6,416 | -4.0% |
| Other financial charges | 652/9 | €12,191 | €34,320 | +€22,128 | +182% |
| Profit (loss) for the period before taxes | 9903 | -€158,457 | -€543,162 | -€384,705 | -243% |
| Income taxes | 67/77 | €1,852 | €1,860 | +€8 | +0.4% |
| Taxes | 670/3 | €1,852 | €1,860 | +€8 | +0.4% |
| Profit (loss) for the period | 9904 | -€160,310 | -€545,023 | -€384,713 | -240% |
| Profit (loss) for the period to be appropriated | 9905 | -€160,310 | -€545,023 | -€384,713 | -240% |
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 25 October 2026 via checked.be.