Thola: 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.
Thola
Largest movements
- Receivables within one year -€35,075
down €35,075 (-88.9%), from €39,434 to €4,359
of which Trade receivables: -€27,742
- Cash -€859
down €859 (-14.9%), from €5,760 to €4,901
mainly Net result for the year (-€27,506) and Other debts (-€16,123)
- Deferred charges and accrued income -€621
down €621 (-79.8%), from €778 to €158
- Profit (loss) carried forward -€27,506
down €27,506 (-14.8%), from -€185,582 to -€213,088
- Other debts -€16,123
down €16,123 (-10.7%), from €150,524 to €134,400
- Tax, wage and social debts +€5,478
up €5,478 (+70.5%), from €7,775 to €13,253
of which Taxes: +€3,823
- Trade debts +€1,573
up €1,573 (+14.0%), from €11,256 to €12,829
- Turnover -€22,440
down €22,440 (-25.2%), from €89,125 to €66,685
- Purchases and services -€18,932
down €18,932 (-38.7%), from €48,934 to €30,001
- Staff costs -€6,801
down €6,801 (-10.5%), from €64,966 to €58,165
- Gross operating margin -€2,829
down €2,829 (-6.6%), from €42,697 to €39,868
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 | €45,972 | €9,417 | -€36,555 | -79.5% |
| Current assets | 29/58 | €45,972 | €9,417 | -€36,555 | -79.5% |
| Amounts receivable within one year | 40/41 | €39,434 | €4,359 | -€35,075 | -88.9% |
| Trade receivables | 40 | €27,742 | - | -€27,742 | |
| Other amounts receivable | 41 | €11,692 | €4,359 | -€7,333 | -62.7% |
| Cash at bank and in hand | 54/58 | €5,760 | €4,901 | -€859 | -14.9% |
| Deferred charges and accrued income | 490/1 | €778 | €158 | -€621 | -79.8% |
| Total equity and liabilities | 10/49 | €45,972 | €9,417 | -€36,555 | -79.5% |
| Equity | 10/15 | -€123,582 | -€151,088 | -€27,506 | -22.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€185,582 | -€213,088 | -€27,506 | -14.8% |
| Provisions and deferred taxes | 16 | - | €24 | +€24 | |
| Provisions for liabilities and charges | 160/5 | - | €24 | +€24 | |
| Pensions and similar obligations | 160 | - | €24 | +€24 | |
| Amounts payable | 17/49 | €169,554 | €160,482 | -€9,072 | -5.4% |
| Amounts payable within one year | 42/48 | €169,554 | €160,482 | -€9,072 | -5.4% |
| Trade debts | 44 | €11,256 | €12,829 | +€1,573 | +14.0% |
| Suppliers | 440/4 | €11,256 | €12,829 | +€1,573 | +14.0% |
| Taxes, remuneration and social security | 45 | €7,775 | €13,253 | +€5,478 | +70.5% |
| Taxes | 450/3 | €349 | €4,171 | +€3,823 | +1096.4% |
| Remuneration and social security | 454/9 | €7,426 | €9,082 | +€1,656 | +22.3% |
| Other amounts payable | 47/48 | €150,524 | €134,400 | -€16,123 | -10.7% |
| Turnover | 70 | €89,125 | €66,685 | -€22,440 | -25.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €48,934 | €30,001 | -€18,932 | -38.7% |
| Remuneration, social security and pensions | 62 | €64,966 | €58,165 | -€6,801 | -10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €262 | - | -€262 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €24 | +€24 | |
| Other operating charges | 640/8 | €1,230 | €1,116 | -€115 | -9.3% |
| Gross operating margin | 9900 | €42,697 | €39,868 | -€2,829 | -6.6% |
| Operating profit (loss) | 9901 | -€23,761 | -€19,436 | +€4,325 | +18.2% |
| Financial income | 75/76B | €16 | €24 | +€8 | +51.9% |
| Recurring financial income | 75 | €16 | €24 | +€8 | +51.9% |
| Financial charges | 65/66B | €8,560 | €7,964 | -€597 | -7.0% |
| Recurring financial charges | 65 | €8,560 | €7,964 | -€597 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€32,305 | -€27,375 | +€4,930 | +15.3% |
| Income taxes | 67/77 | €174 | €131 | -€43 | -24.7% |
| Profit (loss) for the period | 9904 | -€32,479 | -€27,506 | +€4,973 | +15.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€32,479 | -€27,506 | +€4,973 | +15.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.