ThoMa HR: 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.
ThoMa HR
Largest movements
- Cash +€24,481
up €24,481 (+57.3%), from €42,756 to €67,237
mainly Net result for the year (+€34,768) and Depreciation (+€11,256)
- Tangible fixed assets -€11,256
down €11,256 (-29.7%), from €37,932 to €26,676
of which Furniture and vehicles: -€10,900
- Reserves +€34,768
up €34,768 (+58.4%), from €59,533 to €94,301
- Tax, wage and social debts -€14,509
down €14,509 (-64.2%), from €22,588 to €8,078
- Debts after one year -€10,112
down €10,112 (-47.1%), from €21,480 to €11,368
- Trade debts +€2,197
up €2,197 (+117%), from €1,872 to €4,069
- Gross operating margin +€9,093
up €9,093 (+18.8%), from €48,258 to €57,351
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 | €119,761 | €133,552 | +€13,791 | +11.5% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €37,932 | €26,676 | -€11,256 | -29.7% |
| Tangible fixed assets | 22/27 | €37,932 | €26,676 | -€11,256 | -29.7% |
| Furniture and vehicles | 24 | €34,599 | €23,698 | -€10,900 | -31.5% |
| Other tangible fixed assets | 26 | €3,333 | €2,977 | -€356 | -10.7% |
| Current assets | 29/58 | €81,830 | €106,877 | +€25,047 | +30.6% |
| Amounts receivable within one year | 40/41 | €37,970 | €38,503 | +€533 | +1.4% |
| Trade receivables | 40 | €34,697 | €34,912 | +€216 | +0.6% |
| Other amounts receivable | 41 | €3,274 | €3,591 | +€317 | +9.7% |
| Cash at bank and in hand | 54/58 | €42,756 | €67,237 | +€24,481 | +57.3% |
| Deferred charges and accrued income | 490/1 | €1,103 | €1,137 | +€34 | +3.0% |
| Total equity and liabilities | 10/49 | €119,761 | €133,552 | +€13,791 | +11.5% |
| Equity | 10/15 | €63,033 | €97,801 | +€34,768 | +55.2% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €59,533 | €94,301 | +€34,768 | +58.4% |
| Distributable reserves | 133 | €59,533 | €94,301 | +€34,768 | +58.4% |
| Amounts payable | 17/49 | €56,728 | €35,751 | -€20,978 | -37.0% |
| Amounts payable after more than one year | 17 | €21,480 | €11,368 | -€10,112 | -47.1% |
| Financial debts | 170/4 | €21,480 | €11,368 | -€10,112 | -47.1% |
| Amounts payable within one year | 42/48 | €35,248 | €24,383 | -€10,866 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €9,759 | €10,112 | +€353 | +3.6% |
| Trade debts | 44 | €1,872 | €4,069 | +€2,197 | +117% |
| Suppliers | 440/4 | €1,872 | €4,069 | +€2,197 | +117% |
| Taxes, remuneration and social security | 45 | €22,588 | €8,078 | -€14,509 | -64.2% |
| Taxes | 450/3 | €22,588 | €8,078 | -€14,509 | -64.2% |
| Other amounts payable | 47/48 | €1,030 | €2,124 | +€1,094 | +106% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,902 | €11,256 | +€354 | +3.2% |
| Other operating charges | 640/8 | €889 | €723 | -€166 | -18.6% |
| Gross operating margin | 9900 | €48,258 | €57,351 | +€9,093 | +18.8% |
| Operating profit (loss) | 9901 | €36,467 | €45,371 | +€8,905 | +24.4% |
| Financial income | 75/76B | €51 | €373 | +€322 | +632% |
| Recurring financial income | 75 | €51 | €373 | +€322 | +632% |
| Financial charges | 65/66B | €1,314 | €1,176 | -€138 | -10.5% |
| Recurring financial charges | 65 | €1,314 | €1,176 | -€138 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €35,204 | €44,568 | +€9,364 | +26.6% |
| Income taxes | 67/77 | €10,371 | €9,800 | -€571 | -5.5% |
| Profit (loss) for the period | 9904 | €24,833 | €34,768 | +€9,935 | +40.0% |
| Profit (loss) for the period to be appropriated | 9905 | €24,833 | €34,768 | +€9,935 | +40.0% |
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 26 October 2026 via checked.be.