Thokaia: 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.
Thokaia
Largest movements
- Cash -€28,874
down €28,874 (-42.8%), from €67,384 to €38,511
mainly Net result for the year (-€46,723) and Tax, wage and social debts (-€30,212)
- Tangible fixed assets -€27,547
down €27,547 (-2.4%), from €1.1m to €1.1m
- Debts after one year +€42,564
up €42,564 (+13.7%), from €310,044 to €352,609
- Tax, wage and social debts -€30,212
down €30,212 (-10.5%), from €286,668 to €256,456
- Profit (loss) carried forward -€27,998
down €27,998 (-4.3%), from €658,216 to €630,218
- Taxes -€229,349
down €229,349 (-89.4%), from €256,674 to €27,325
- Gross operating margin +€69,392
up €69,392, from -€59,394 to €9,999
- Financial income -€7,889
down €7,889 (-17.7%), from €44,679 to €36,789
- Financial charges +€6,231
up €6,231 (+83.3%), from €7,481 to €13,711
- Depreciation +€2,058
up €2,058 (+4.1%), from €50,462 to €52,520
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,180,043 | €2,135,185 | -€44,859 | -2.1% |
| Fixed assets | 21/28 | €1,135,084 | €1,107,538 | -€27,547 | -2.4% |
| Tangible fixed assets | 22/27 | €1,134,700 | €1,107,154 | -€27,547 | -2.4% |
| Land and buildings | 22 | €1,105,556 | €1,093,376 | -€12,180 | -1.1% |
| Plant, machinery and equipment | 23 | €8,270 | €5,946 | -€2,324 | -28.1% |
| Furniture and vehicles | 24 | €1,073 | €621 | -€452 | -42.1% |
| Other tangible fixed assets | 26 | €19,802 | €7,211 | -€12,590 | -63.6% |
| Financial fixed assets | 28 | €384 | €384 | = | 0.0% |
| Current assets | 29/58 | €1,044,959 | €1,027,647 | -€17,312 | -1.7% |
| Amounts receivable within one year | 40/41 | €958,399 | €958,220 | -€180 | 0.0% |
| Trade receivables | 40 | €13,580 | €3,922 | -€9,658 | -71.1% |
| Other amounts receivable | 41 | €944,819 | €954,298 | +€9,478 | +1.0% |
| Cash at bank and in hand | 54/58 | €67,384 | €38,511 | -€28,874 | -42.8% |
| Deferred charges and accrued income | 490/1 | €19,175 | €30,917 | +€11,741 | +61.2% |
| Total equity and liabilities | 10/49 | €2,180,043 | €2,135,185 | -€44,859 | -2.1% |
| Equity | 10/15 | €1,352,311 | €1,305,588 | -€46,723 | -3.5% |
| Contributions | 10/11 | €20,900 | €20,900 | = | 0.0% |
| Reserves | 13 | €673,195 | €654,470 | -€18,725 | -2.8% |
| Tax-exempt reserves | 132 | €514,774 | €496,050 | -€18,725 | -3.6% |
| Distributable reserves | 133 | €158,420 | €158,420 | = | 0.0% |
| Profit (loss) carried forward | 14 | €658,216 | €630,218 | -€27,998 | -4.3% |
| Provisions and deferred taxes | 16 | €128,694 | €122,452 | -€6,242 | -4.8% |
| Deferred taxes | 168 | €128,694 | €122,452 | -€6,242 | -4.8% |
| Amounts payable | 17/49 | €699,039 | €707,145 | +€8,106 | +1.2% |
| Amounts payable after more than one year | 17 | €310,044 | €352,609 | +€42,564 | +13.7% |
| Financial debts | 170/4 | €310,044 | €352,609 | +€42,564 | +13.7% |
| Amounts payable within one year | 42/48 | €388,983 | €353,502 | -€35,481 | -9.1% |
| Current portion of amounts payable after more than one year | 42 | €49,493 | €43,989 | -€5,503 | -11.1% |
| Trade debts | 44 | €47,598 | €48,723 | +€1,126 | +2.4% |
| Suppliers | 440/4 | €47,598 | €48,723 | +€1,126 | +2.4% |
| Taxes, remuneration and social security | 45 | €286,668 | €256,456 | -€30,212 | -10.5% |
| Taxes | 450/3 | €286,668 | €256,456 | -€30,212 | -10.5% |
| Other amounts payable | 47/48 | €5,225 | €4,333 | -€891 | -17.1% |
| Accrued charges and deferred income | 492/3 | €12 | €1,034 | +€1,022 | +8,789% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,462 | €52,520 | +€2,058 | +4.1% |
| Other operating charges | 640/8 | €6,268 | €6,197 | -€72 | -1.1% |
| Gross operating margin | 9900 | -€59,394 | €9,999 | +€69,392 | |
| Operating profit (loss) | 9901 | -€116,124 | -€48,718 | +€67,406 | +58.0% |
| Financial income | 75/76B | €44,679 | €36,789 | -€7,889 | -17.7% |
| Recurring financial income | 75 | €44,679 | €36,789 | -€7,889 | -17.7% |
| Financial charges | 65/66B | €7,481 | €13,711 | +€6,231 | +83.3% |
| Recurring financial charges | 65 | €7,481 | €13,711 | +€6,231 | +83.3% |
| Profit (loss) for the period before taxes | 9903 | -€78,926 | -€25,640 | +€53,286 | +67.5% |
| Transfer from deferred taxes | 780 | €274,472 | €6,242 | -€268,231 | -97.7% |
| Income taxes | 67/77 | €256,674 | €27,325 | -€229,349 | -89.4% |
| Profit (loss) for the period | 9904 | -€61,127 | -€46,723 | +€14,404 | +23.6% |
| Transfer from tax-exempt reserves | 789 | €1,097,890 | €18,725 | -€1.1m | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,036,763 | -€27,998 | -€1.1m |
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 18 October 2026 via checked.be.