THOLUMA: 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.
THOLUMA
Largest movements
- Current investments +€100,000
up €100,000 (+33.3%), from €300,000 to €400,000
- Receivables within one year +€99,600
up €99,600 (+836%), from €11,915 to €111,515
of which Trade receivables: +€95,767
- Tangible fixed assets -€16,929
down €16,929 (-15.0%), from €113,168 to €96,239
of which Other tangible fixed assets: -€11,490
- Cash +€15,022
up €15,022 (+4.8%), from €314,707 to €329,729
mainly Net result for the year (+€165,687) and Trade debts (+€109,468)
- Reserves +€119,000
up €119,000 (+28.6%), from €415,700 to €534,700
- Trade debts +€109,468
up €109,468 (+1,032%), from €10,611 to €120,079
- Other debts -€29,813
down €29,813 (-32.8%), from €90,765 to €60,952
- Debts after one year -€15,869
down €15,869 (-26.3%), from €60,275 to €44,405
- Tax, wage and social debts +€12,969
up €12,969 (+19.6%), from €66,201 to €79,169
of which Taxes: +€10,150
- Gross operating margin +€75,198
up €75,198 (+20.4%), from €368,616 to €443,814
- Taxes +€27,525
up €27,525 (+56.3%), from €48,883 to €76,408
- Financial income +€7,896
up €7,896 (+144%), from €5,465 to €13,361
- Depreciation +€7,527
up €7,527 (+81.3%), from €9,258 to €16,785
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 | €762,836 | €959,369 | +€196,533 | +25.8% |
| Fixed assets | 21/28 | €122,976 | €104,867 | -€18,110 | -14.7% |
| Intangible fixed assets | 21 | €5,313 | €4,132 | -€1,181 | -22.2% |
| Tangible fixed assets | 22/27 | €113,168 | €96,239 | -€16,929 | -15.0% |
| Furniture and vehicles | 24 | €26,231 | €20,792 | -€5,439 | -20.7% |
| Other tangible fixed assets | 26 | €86,938 | €75,448 | -€11,490 | -13.2% |
| Financial fixed assets | 28 | €4,495 | €4,495 | = | 0.0% |
| Current assets | 29/58 | €639,859 | €854,503 | +€214,643 | +33.5% |
| Stocks and contracts in progress | 3 | €10,337 | €9,698 | -€639 | -6.2% |
| Stocks | 30/36 | €10,337 | €9,698 | -€639 | -6.2% |
| Amounts receivable within one year | 40/41 | €11,915 | €111,515 | +€99,600 | +836% |
| Trade receivables | 40 | €7,553 | €103,320 | +€95,767 | +1,268% |
| Other amounts receivable | 41 | €4,362 | €8,195 | +€3,833 | +87.9% |
| Current investments | 50/53 | €300,000 | €400,000 | +€100,000 | +33.3% |
| Cash at bank and in hand | 54/58 | €314,707 | €329,729 | +€15,022 | +4.8% |
| Deferred charges and accrued income | 490/1 | €2,901 | €3,561 | +€660 | +22.8% |
| Total equity and liabilities | 10/49 | €762,836 | €959,369 | +€196,533 | +25.8% |
| Equity | 10/15 | €467,664 | €587,351 | +€119,687 | +25.6% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €415,700 | €534,700 | +€119,000 | +28.6% |
| Distributable reserves | 133 | €415,700 | €534,700 | +€119,000 | +28.6% |
| Profit (loss) carried forward | 14 | €21,964 | €22,651 | +€687 | +3.1% |
| Amounts payable | 17/49 | €295,172 | €372,018 | +€76,846 | +26.0% |
| Amounts payable after more than one year | 17 | €60,275 | €44,405 | -€15,869 | -26.3% |
| Financial debts | 170/4 | €60,275 | €44,405 | -€15,869 | -26.3% |
| Amounts payable within one year | 42/48 | €234,897 | €327,613 | +€92,716 | +39.5% |
| Current portion of amounts payable after more than one year | 42 | €31,062 | €31,154 | +€92 | +0.3% |
| Trade debts | 44 | €10,611 | €120,079 | +€109,468 | +1,032% |
| Suppliers | 440/4 | €10,611 | €120,079 | +€109,468 | +1,032% |
| Advances received on contracts in progress | 46 | €36,259 | €36,259 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €66,201 | €79,169 | +€12,969 | +19.6% |
| Taxes | 450/3 | €25,486 | €35,636 | +€10,150 | +39.8% |
| Remuneration and social security | 454/9 | €40,715 | €43,533 | +€2,818 | +6.9% |
| Other amounts payable | 47/48 | €90,765 | €60,952 | -€29,813 | -32.8% |
| Remuneration, social security and pensions | 62 | €183,059 | €184,147 | +€1,088 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,258 | €16,785 | +€7,527 | +81.3% |
| Other operating charges | 640/8 | €1,810 | €1,202 | -€608 | -33.6% |
| Gross operating margin | 9900 | €368,616 | €443,814 | +€75,198 | +20.4% |
| Operating profit (loss) | 9901 | €174,489 | €241,680 | +€67,191 | +38.5% |
| Financial income | 75/76B | €5,465 | €13,361 | +€7,896 | +144% |
| Recurring financial income | 75 | €5,465 | €13,361 | +€7,896 | +144% |
| Financial charges | 65/66B | €14,538 | €12,946 | -€1,592 | -10.9% |
| Recurring financial charges | 65 | €14,538 | €12,946 | -€1,592 | -10.9% |
| Profit (loss) for the period before taxes | 9903 | €165,416 | €242,095 | +€76,679 | +46.4% |
| Income taxes | 67/77 | €48,883 | €76,408 | +€27,525 | +56.3% |
| Profit (loss) for the period | 9904 | €116,533 | €165,687 | +€49,154 | +42.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,533 | €165,687 | +€49,154 | +42.2% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.