Tholec: 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.
Tholec
Largest movements
- Cash +€50,738
up €50,738 (+50.5%), from €100,406 to €151,145
mainly Net result for the year (+€53,740) and Receivables within one year (+€3,032)
- Receivables within one year -€3,032
down €3,032 (-14.0%), from €21,578 to €18,546
- Profit (loss) carried forward +€53,740
up €53,740 (+58.8%), from €91,434 to €145,174
- Other debts -€2,653
down €2,653 (-60.8%), from €4,364 to €1,711
- Accrued charges and deferred income -€1,880
down €1,880 (-94.0%), from €2,000 to €120
- Gross operating margin -€9,108
down €9,108 (-11.7%), from €77,929 to €68,821
- Taxes -€1,836
down €1,836 (-11.5%), from €15,916 to €14,080
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 | €123,064 | €170,042 | +€46,978 | +38.2% |
| Fixed assets | 21/28 | €1,080 | €351 | -€728 | -67.5% |
| Tangible fixed assets | 22/27 | €1,080 | €351 | -€728 | -67.5% |
| Plant, machinery and equipment | 23 | €1,080 | €351 | -€728 | -67.5% |
| Current assets | 29/58 | €121,984 | €169,691 | +€47,707 | +39.1% |
| Amounts receivable within one year | 40/41 | €21,578 | €18,546 | -€3,032 | -14.0% |
| Trade receivables | 40 | €21,578 | €18,546 | -€3,032 | -14.0% |
| Cash at bank and in hand | 54/58 | €100,406 | €151,145 | +€50,738 | +50.5% |
| Total equity and liabilities | 10/49 | €123,064 | €170,042 | +€46,978 | +38.2% |
| Equity | 10/15 | €93,434 | €147,174 | +€53,740 | +57.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,434 | €145,174 | +€53,740 | +58.8% |
| Amounts payable | 17/49 | €29,630 | €22,868 | -€6,761 | -22.8% |
| Amounts payable within one year | 42/48 | €27,630 | €22,748 | -€4,881 | -17.7% |
| Trade debts | 44 | €1,280 | €22 | -€1,258 | -98.3% |
| Suppliers | 440/4 | €1,280 | €22 | -€1,258 | -98.3% |
| Taxes, remuneration and social security | 45 | €21,986 | €21,016 | -€970 | -4.4% |
| Taxes | 450/3 | €21,986 | €19,136 | -€2,850 | -13.0% |
| Remuneration and social security | 454/9 | - | €1,880 | +€1,880 | |
| Other amounts payable | 47/48 | €4,364 | €1,711 | -€2,653 | -60.8% |
| Accrued charges and deferred income | 492/3 | €2,000 | €120 | -€1,880 | -94.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €728 | €728 | +€0 | 0.0% |
| Other operating charges | 640/8 | €64 | €66 | +€2 | +3.0% |
| Gross operating margin | 9900 | €77,929 | €68,821 | -€9,108 | -11.7% |
| Operating profit (loss) | 9901 | €77,137 | €68,026 | -€9,110 | -11.8% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €142 | €207 | +€65 | +45.7% |
| Recurring financial charges | 65 | €142 | €207 | +€65 | +45.7% |
| Profit (loss) for the period before taxes | 9903 | €76,995 | €67,819 | -€9,176 | -11.9% |
| Income taxes | 67/77 | €15,916 | €14,080 | -€1,836 | -11.5% |
| Profit (loss) for the period | 9904 | €61,079 | €53,740 | -€7,340 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €61,079 | €53,740 | -€7,340 | -12.0% |
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 12 October 2026 via checked.be.