THOKAR: what changed
THOKAR
Largest movements
- Cash -€17,373
down €17,373 (-17.5%), from €99,213 to €81,840
mainly Net result for the year (-€11,975) and Other debts (-€4,233)
- Receivables within one year -€1,167
down €1,167 (-14.3%), from €8,157 to €6,989
of which Trade receivables: -€2,027
- Reserves -€11,975
down €11,975 (-72.3%), from €16,561 to €4,586
of which Distributable reserves: -€11,975
- Other debts -€4,233
down €4,233 (-6.0%), from €71,031 to €66,798
- Tax, wage and social debts -€1,819
no longer reported in 2025 (was €1,819)
- Gross operating margin -€15,764
down €15,764, from €6,620 to -€9,144
- Taxes +€2,084
up €2,084, from -€780 to €1,304
- Financial income +€488
up €488 (+163%), from €299 to €786
- Financial charges -€250
down €250 (-16.1%), from €1,553 to €1,303
- Depreciation +€155
up €155 (+98.1%), from €159 to €314
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €109,561 | €91,535 | -€18,025 | -16.5% |
| Fixed assets | 21/28 | €1,401 | €1,087 | -€314 | -22.4% |
| Tangible fixed assets | 22/27 | €1,401 | €1,087 | -€314 | -22.4% |
| Furniture and vehicles | 24 | €1,401 | €1,087 | -€314 | -22.4% |
| Current assets | 29/58 | €108,160 | €90,448 | -€17,711 | -16.4% |
| Amounts receivable within one year | 40/41 | €8,157 | €6,989 | -€1,167 | -14.3% |
| Trade receivables | 40 | €8,157 | €6,129 | -€2,027 | -24.9% |
| Other amounts receivable | 41 | - | €860 | +€860 | |
| Cash at bank and in hand | 54/58 | €99,213 | €81,840 | -€17,373 | -17.5% |
| Deferred charges and accrued income | 490/1 | €790 | €1,619 | +€829 | +105% |
| Total equity and liabilities | 10/49 | €109,561 | €91,535 | -€18,025 | -16.5% |
| Equity | 10/15 | €36,561 | €24,586 | -€11,975 | -32.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €16,561 | €4,586 | -€11,975 | -72.3% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €14,561 | €2,586 | -€11,975 | -82.2% |
| Amounts payable | 17/49 | €73,000 | €66,950 | -€6,050 | -8.3% |
| Amounts payable within one year | 42/48 | €73,000 | €66,950 | -€6,050 | -8.3% |
| Trade debts | 44 | - | €2 | +€2 | |
| Suppliers | 440/4 | - | €2 | +€2 | |
| Advances received on contracts in progress | 46 | €150 | €150 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €1,819 | - | -€1,819 | |
| Taxes | 450/3 | €1,819 | - | -€1,819 | |
| Other amounts payable | 47/48 | €71,031 | €66,798 | -€4,233 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €159 | €314 | +€155 | +98.1% |
| Other operating charges | 640/8 | €844 | €695 | -€148 | -17.6% |
| Gross operating margin | 9900 | €6,620 | -€9,144 | -€15,764 | |
| Operating profit (loss) | 9901 | €5,617 | -€10,154 | -€15,771 | |
| Financial income | 75/76B | €299 | €786 | +€488 | +163% |
| Recurring financial income | 75 | €299 | €786 | +€488 | +163% |
| Financial charges | 65/66B | €1,553 | €1,303 | -€250 | -16.1% |
| Recurring financial charges | 65 | €1,553 | €1,303 | -€250 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €4,363 | -€10,671 | -€15,034 | |
| Income taxes | 67/77 | -€780 | €1,304 | +€2,084 | |
| Profit (loss) for the period | 9904 | €5,143 | -€11,975 | -€17,118 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,143 | -€11,975 | -€17,118 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.