THOLIMAX: 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.
THOLIMAX
Largest movements
- Cash +€46,569
up €46,569 (+1,356%), from €3,434 to €50,003
mainly Net result for the year (+€53,918) and Tax, wage and social debts (+€14,904)
- Receivables within one year +€7,892
up €7,892 (+36.1%), from €21,847 to €29,739
of which Other amounts receivable: +€5,085
- Formation expenses -€3,217
down €3,217 (-100%), from €3,217 to €0
- Deferred charges and accrued income +€2,300
up €2,300 (+96.5%), from €2,383 to €4,683
- Reserves +€53,275
new in 2025: €53,275
- Other debts -€15,296
down €15,296 (-99.5%), from €15,375 to €79
- Tax, wage and social debts +€14,904
up €14,904 (+227%), from €6,561 to €21,465
of which Taxes: +€18,791
- Gross operating margin +€72,216
up €72,216 (+5,206%), from €1,387 to €73,604
- Taxes +€15,006
up €15,006 (+49,935%), from €30 to €15,036
- Depreciation +€1,880
up €1,880 (+118%), from €1,592 to €3,472
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 | €31,531 | €84,820 | +€53,289 | +169% |
| Formation expenses | 20 | €3,217 | €0 | -€3,217 | -100% |
| Fixed assets | 21/28 | €650 | €395 | -€255 | -39.2% |
| Tangible fixed assets | 22/27 | €650 | €395 | -€255 | -39.2% |
| Furniture and vehicles | 24 | €650 | €395 | -€255 | -39.2% |
| Current assets | 29/58 | €27,664 | €84,425 | +€56,762 | +205% |
| Amounts receivable within one year | 40/41 | €21,847 | €29,739 | +€7,892 | +36.1% |
| Trade receivables | 40 | €21,841 | €24,648 | +€2,807 | +12.9% |
| Other amounts receivable | 41 | €6 | €5,091 | +€5,085 | +79,325% |
| Cash at bank and in hand | 54/58 | €3,434 | €50,003 | +€46,569 | +1,356% |
| Deferred charges and accrued income | 490/1 | €2,383 | €4,683 | +€2,300 | +96.5% |
| Total equity and liabilities | 10/49 | €31,531 | €84,820 | +€53,289 | +169% |
| Equity | 10/15 | €4,357 | €58,275 | +€53,918 | +1,238% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €53,275 | +€53,275 | |
| Distributable reserves | 133 | - | €53,275 | +€53,275 | |
| Profit (loss) carried forward | 14 | -€643 | €0 | +€643 | |
| Amounts payable | 17/49 | €27,174 | €26,545 | -€629 | -2.3% |
| Amounts payable within one year | 42/48 | €27,174 | €26,545 | -€629 | -2.3% |
| Trade debts | 44 | €5,238 | €5,002 | -€237 | -4.5% |
| Suppliers | 440/4 | €5,238 | €5,002 | -€237 | -4.5% |
| Taxes, remuneration and social security | 45 | €6,561 | €21,465 | +€14,904 | +227% |
| Taxes | 450/3 | €2,674 | €21,465 | +€18,791 | +703% |
| Remuneration and social security | 454/9 | €3,886 | €0 | -€3,886 | -100% |
| Other amounts payable | 47/48 | €15,375 | €79 | -€15,296 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,592 | €3,472 | +€1,880 | +118% |
| Other operating charges | 640/8 | - | €75 | +€75 | |
| Gross operating margin | 9900 | €1,387 | €73,604 | +€72,216 | +5,206% |
| Operating profit (loss) | 9901 | -€204 | €70,056 | +€70,261 | |
| Financial charges | 65/66B | €409 | €1,103 | +€694 | +170% |
| Recurring financial charges | 65 | €409 | €1,103 | +€694 | +170% |
| Profit (loss) for the period before taxes | 9903 | -€613 | €68,954 | +€69,567 | |
| Income taxes | 67/77 | €30 | €15,036 | +€15,006 | +49,935% |
| Profit (loss) for the period | 9904 | -€643 | €53,918 | +€54,561 | |
| Profit (loss) for the period to be appropriated | 9905 | -€643 | €53,918 | +€54,561 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.