THOMAERE CONSULT: 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.
THOMAERE CONSULT
Largest movements
- Cash +€10,195
up €10,195 (+27.0%), from €37,785 to €47,980
mainly Net result for the year (+€21,570) and Depreciation (+€3,051)
- Receivables within one year +€2,956
up €2,956 (+61.0%), from €4,849 to €7,805
of which Other amounts receivable: +€3,346
- Deferred charges and accrued income -€1,153
no longer reported in 2025 (was €1,153)
- Profit (loss) carried forward +€20,737
new in 2025: €20,737
- Tax, wage and social debts -€6,061
down €6,061 (-35.6%), from €17,003 to €10,942
of which Taxes: -€6,977
- Other debts -€2,453
down €2,453 (-74.6%), from €3,286 to €833
- Gross operating margin -€27,394
down €27,394 (-46.6%), from €58,781 to €31,387
- Taxes -€9,399
down €9,399 (-60.8%), from €15,466 to €6,067
- Depreciation +€1,251
up €1,251 (+69.6%), from €1,799 to €3,051
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 | €61,044 | €73,516 | +€12,472 | +20.4% |
| Fixed assets | 21/28 | €17,257 | €17,731 | +€474 | +2.7% |
| Tangible fixed assets | 22/27 | €17,257 | €17,731 | +€474 | +2.7% |
| Plant, machinery and equipment | 23 | €941 | €565 | -€376 | -40.0% |
| Furniture and vehicles | 24 | €1,695 | €4,149 | +€2,453 | +145% |
| Other tangible fixed assets | 26 | €14,621 | €13,017 | -€1,603 | -11.0% |
| Current assets | 29/58 | €43,787 | €55,785 | +€11,998 | +27.4% |
| Amounts receivable within one year | 40/41 | €4,849 | €7,805 | +€2,956 | +61.0% |
| Trade receivables | 40 | €390 | - | -€390 | |
| Other amounts receivable | 41 | €4,459 | €7,805 | +€3,346 | +75.0% |
| Cash at bank and in hand | 54/58 | €37,785 | €47,980 | +€10,195 | +27.0% |
| Deferred charges and accrued income | 490/1 | €1,153 | - | -€1,153 | |
| Total equity and liabilities | 10/49 | €61,044 | €73,516 | +€12,472 | +20.4% |
| Equity | 10/15 | €40,469 | €61,205 | +€20,737 | +51.2% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €40,369 | €40,369 | = | 0.0% |
| Distributable reserves | 133 | €40,369 | €40,369 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €20,737 | +€20,737 | |
| Amounts payable | 17/49 | €20,575 | €12,311 | -€8,264 | -40.2% |
| Amounts payable within one year | 42/48 | €20,435 | €12,311 | -€8,124 | -39.8% |
| Trade debts | 44 | €147 | €536 | +€389 | +265% |
| Suppliers | 440/4 | €147 | €536 | +€389 | +265% |
| Taxes, remuneration and social security | 45 | €17,003 | €10,942 | -€6,061 | -35.6% |
| Taxes | 450/3 | €15,872 | €8,895 | -€6,977 | -44.0% |
| Remuneration and social security | 454/9 | €1,130 | €2,047 | +€917 | +81.1% |
| Other amounts payable | 47/48 | €3,286 | €833 | -€2,453 | -74.6% |
| Accrued charges and deferred income | 492/3 | €140 | - | -€140 | |
| Non-recurring operating income | 76A | - | €14 | +€14 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,799 | €3,051 | +€1,251 | +69.6% |
| Other operating charges | 640/8 | €321 | €66 | -€255 | -79.5% |
| Non-recurring operating charges | 66A | - | €710 | +€710 | |
| Gross operating margin | 9900 | €58,781 | €31,387 | -€27,394 | -46.6% |
| Operating profit (loss) | 9901 | €56,661 | €27,560 | -€29,101 | -51.4% |
| Financial income | 75/76B | €7 | €78 | +€72 | +1,072% |
| Recurring financial income | 75 | €7 | €78 | +€72 | +1,072% |
| Financial charges | 65/66B | €0 | €3 | +€3 | +25,500% |
| Recurring financial charges | 65 | €0 | €3 | +€3 | +25,500% |
| Profit (loss) for the period before taxes | 9903 | €56,668 | €27,636 | -€29,031 | -51.2% |
| Income taxes | 67/77 | €15,466 | €6,067 | -€9,399 | -60.8% |
| Profit (loss) for the period | 9904 | €41,202 | €21,570 | -€19,632 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €41,202 | €21,570 | -€19,632 | -47.6% |
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 22 October 2026 via checked.be.