Thomadde: 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.
Thomadde
Largest movements
- Tangible fixed assets -€11,862
down €11,862 (-17.9%), from €66,167 to €54,305
- Stocks and contracts +€3,842
new in 2025: €3,842
- Receivables within one year -€1,229
down €1,229 (-50.2%), from €2,448 to €1,220
of which Trade receivables: -€2,027
- Deferred charges and accrued income -€950
down €950 (-100%), from €950 to €0
- Other debts -€19,199
down €19,199 (-87.3%), from €22,000 to €2,801
- Debts after one year +€11,500
up €11,500 (+38.3%), from €30,000 to €41,500
- Tax, wage and social debts -€3,690
down €3,690 (-16.4%), from €22,519 to €18,830
of which Taxes: -€3,478
- Profit (loss) carried forward -€3,090
new in 2025: -€3,090
- Trade debts +€2,876
up €2,876 (+59.8%), from €4,811 to €7,686
- Gross operating margin -€4,926
down €4,926 (-1.9%), from €256,547 to €251,622
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 | €88,664 | €77,061 | -€11,603 | -13.1% |
| Fixed assets | 21/28 | €69,343 | €56,657 | -€12,686 | -18.3% |
| Intangible fixed assets | 21 | €3,176 | €2,352 | -€824 | -25.9% |
| Tangible fixed assets | 22/27 | €66,167 | €54,305 | -€11,862 | -17.9% |
| Land and buildings | 22 | €19,984 | €16,139 | -€3,845 | -19.2% |
| Plant, machinery and equipment | 23 | €31,366 | €25,769 | -€5,598 | -17.8% |
| Furniture and vehicles | 24 | €14,817 | €12,397 | -€2,420 | -16.3% |
| Current assets | 29/58 | €19,321 | €20,404 | +€1,083 | +5.6% |
| Stocks and contracts in progress | 3 | - | €3,842 | +€3,842 | |
| Stocks | 30/36 | - | €3,842 | +€3,842 | |
| Amounts receivable within one year | 40/41 | €2,448 | €1,220 | -€1,229 | -50.2% |
| Trade receivables | 40 | €2,027 | €0 | -€2,027 | -100% |
| Other amounts receivable | 41 | €422 | €1,220 | +€798 | +189% |
| Cash at bank and in hand | 54/58 | €15,922 | €15,342 | -€580 | -3.6% |
| Deferred charges and accrued income | 490/1 | €950 | €0 | -€950 | -100% |
| Total equity and liabilities | 10/49 | €88,664 | €77,061 | -€11,603 | -13.1% |
| Equity | 10/15 | €9,334 | €6,244 | -€3,090 | -33.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €4,334 | €4,334 | = | 0.0% |
| Distributable reserves | 133 | €4,334 | €4,334 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€3,090 | -€3,090 | |
| Amounts payable | 17/49 | €79,330 | €70,817 | -€8,513 | -10.7% |
| Amounts payable after more than one year | 17 | €30,000 | €41,500 | +€11,500 | +38.3% |
| Financial debts | 170/4 | €30,000 | €41,500 | +€11,500 | +38.3% |
| Amounts payable within one year | 42/48 | €49,330 | €29,317 | -€20,013 | -40.6% |
| Trade debts | 44 | €4,811 | €7,686 | +€2,876 | +59.8% |
| Suppliers | 440/4 | €4,811 | €7,686 | +€2,876 | +59.8% |
| Taxes, remuneration and social security | 45 | €22,519 | €18,830 | -€3,690 | -16.4% |
| Taxes | 450/3 | €12,288 | €8,811 | -€3,478 | -28.3% |
| Remuneration and social security | 454/9 | €10,231 | €10,019 | -€212 | -2.1% |
| Other amounts payable | 47/48 | €22,000 | €2,801 | -€19,199 | -87.3% |
| Remuneration, social security and pensions | 62 | €232,916 | €234,531 | +€1,615 | +0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,803 | €17,679 | +€1,876 | +11.9% |
| Other operating charges | 640/8 | €480 | €0 | -€480 | -100% |
| Gross operating margin | 9900 | €256,547 | €251,622 | -€4,926 | -1.9% |
| Operating profit (loss) | 9901 | €7,348 | -€588 | -€7,937 | |
| Financial income | 75/76B | €2 | €0 | -€2 | -100% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -100% |
| Financial charges | 65/66B | €1,391 | €2,133 | +€742 | +53.3% |
| Recurring financial charges | 65 | €1,391 | €2,133 | +€742 | +53.3% |
| Profit (loss) for the period before taxes | 9903 | €5,959 | -€2,721 | -€8,680 | |
| Income taxes | 67/77 | €1,625 | €369 | -€1,256 | -77.3% |
| Profit (loss) for the period | 9904 | €4,334 | -€3,090 | -€7,424 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,334 | -€3,090 | -€7,424 |
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 15 October 2026 via checked.be.