THOM'S TOIT: 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.
THOM'S TOIT
Largest movements
- Receivables within one year +€42,644
up €42,644 (+99.5%), from €42,861 to €85,506
of which Trade receivables: +€34,860
- Stocks and contracts +€26,518
up €26,518 (+99.1%), from €26,750 to €53,268
of which Stocks: +€37,968
- Tangible fixed assets -€16,143
down €16,143 (-34.2%), from €47,157 to €31,014
of which Furniture and vehicles: -€25,350
- Cash +€8,878
up €8,878 (+94.0%), from €9,441 to €18,319
mainly Trade debts (+€39,569) and Advances received (+€34,262)
- Deferred charges and accrued income -€4,999
down €4,999 (-55.3%), from €9,032 to €4,033
- Trade debts +€39,569
up €39,569 (+207%), from €19,085 to €58,654
- Advances received +€34,262
up €34,262 (+1,073%), from €3,194 to €37,456
- Debts after one year -€33,126
down €33,126 (-60.4%), from €54,859 to €21,733
- Tax, wage and social debts +€12,817
up €12,817 (+57.4%), from €22,342 to €35,158
of which Taxes: +€11,548
- Profit (loss) carried forward +€9,237
up €9,237 (+71.6%), from €12,908 to €22,144
- Gross operating margin +€136,962
up €136,962 (+113%), from €121,576 to €258,538
- Staff costs +€112,939
up €112,939 (+140%), from €80,895 to €193,834
- Depreciation -€7,462
down €7,462 (-28.1%), from €26,591 to €19,130
- Taxes +€6,129
up €6,129 (+366%), from €1,675 to €7,804
- Other operating charges -€3,415
down €3,415 (-41.9%), from €8,150 to €4,736
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 | €135,241 | €192,139 | +€56,898 | +42.1% |
| Fixed assets | 21/28 | €47,157 | €31,014 | -€16,143 | -34.2% |
| Tangible fixed assets | 22/27 | €47,157 | €31,014 | -€16,143 | -34.2% |
| Plant, machinery and equipment | 23 | €2,955 | €7,010 | +€4,055 | +137% |
| Furniture and vehicles | 24 | €40,999 | €15,649 | -€25,350 | -61.8% |
| Other tangible fixed assets | 26 | €3,203 | €8,355 | +€5,152 | +161% |
| Current assets | 29/58 | €88,084 | €161,125 | +€73,041 | +82.9% |
| Stocks and contracts in progress | 3 | €26,750 | €53,268 | +€26,518 | +99.1% |
| Stocks | 30/36 | €9,250 | €47,218 | +€37,968 | +410% |
| Contracts in progress | 37 | €17,500 | €6,050 | -€11,450 | -65.4% |
| Amounts receivable within one year | 40/41 | €42,861 | €85,506 | +€42,644 | +99.5% |
| Trade receivables | 40 | €1,230 | €36,091 | +€34,860 | +2,833% |
| Other amounts receivable | 41 | €41,631 | €49,415 | +€7,784 | +18.7% |
| Cash at bank and in hand | 54/58 | €9,441 | €18,319 | +€8,878 | +94.0% |
| Deferred charges and accrued income | 490/1 | €9,032 | €4,033 | -€4,999 | -55.3% |
| Total equity and liabilities | 10/49 | €135,241 | €192,139 | +€56,898 | +42.1% |
| Equity | 10/15 | €15,908 | €25,144 | +€9,237 | +58.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,908 | €22,144 | +€9,237 | +71.6% |
| Amounts payable | 17/49 | €119,333 | €166,995 | +€47,662 | +39.9% |
| Amounts payable after more than one year | 17 | €54,859 | €21,733 | -€33,126 | -60.4% |
| Financial debts | 170/4 | €54,859 | €21,733 | -€33,126 | -60.4% |
| Amounts payable within one year | 42/48 | €63,574 | €144,362 | +€80,787 | +127% |
| Current portion of amounts payable after more than one year | 42 | €18,953 | €13,093 | -€5,860 | -30.9% |
| Trade debts | 44 | €19,085 | €58,654 | +€39,569 | +207% |
| Suppliers | 440/4 | €19,085 | €58,654 | +€39,569 | +207% |
| Advances received on contracts in progress | 46 | €3,194 | €37,456 | +€34,262 | +1,073% |
| Taxes, remuneration and social security | 45 | €22,342 | €35,158 | +€12,817 | +57.4% |
| Taxes | 450/3 | €7,484 | €19,032 | +€11,548 | +154% |
| Remuneration and social security | 454/9 | €14,858 | €16,126 | +€1,268 | +8.5% |
| Accrued charges and deferred income | 492/3 | €900 | €900 | = | 0.0% |
| Non-recurring operating income | 76A | - | €7,831 | +€7,831 | |
| Remuneration, social security and pensions | 62 | €80,895 | €193,834 | +€112,939 | +140% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,591 | €19,130 | -€7,462 | -28.1% |
| Other operating charges | 640/8 | €8,150 | €4,736 | -€3,415 | -41.9% |
| Gross operating margin | 9900 | €121,576 | €258,538 | +€136,962 | +113% |
| Operating profit (loss) | 9901 | €5,940 | €40,839 | +€34,900 | +588% |
| Financial income | 75/76B | €520 | €359 | -€162 | -31.1% |
| Recurring financial income | 75 | €520 | €359 | -€162 | -31.1% |
| Financial charges | 65/66B | €4,797 | €7,015 | +€2,217 | +46.2% |
| Recurring financial charges | 65 | €4,797 | €7,015 | +€2,217 | +46.2% |
| Profit (loss) for the period before taxes | 9903 | €1,663 | €34,183 | +€32,521 | +1,956% |
| Income taxes | 67/77 | €1,675 | €7,804 | +€6,129 | +366% |
| Profit (loss) for the period | 9904 | -€12 | €26,379 | +€26,392 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12 | €26,379 | +€26,392 |
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 31 October 2026 via checked.be.