THOMAGRE: 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.
THOMAGRE
Largest movements
- Cash -€23,112
down €23,112 (-82.8%), from €27,906 to €4,794
mainly Net result for the year (-€29,590) and Trade debts (-€3,842)
- Receivables within one year -€9,975
down €9,975 (-47.3%), from €21,071 to €11,096
of which Other amounts receivable: -€9,975
- Profit (loss) carried forward -€29,590
down €29,590 (-2819.5%), from -€1,049 to -€30,639
- Gross operating margin -€6,302
down €6,302 (-140.5%), from -€4,485 to -€10,787
- Financial charges -€2,898
down €2,898 (-22.0%), from €13,155 to €10,257
- Other operating charges +€1,167
up €1,167 (+32.8%), from €3,559 to €4,726
- Depreciation +€404
up €404 (+13.4%), from €3,008 to €3,413
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.
Cash bridge derived
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 | €435,139 | €400,200 | -€34,939 | -8.0% |
| Fixed assets | 21/28 | €385,715 | €383,859 | -€1,856 | -0.5% |
| Tangible fixed assets | 22/27 | €385,305 | €383,449 | -€1,856 | -0.5% |
| Land and buildings | 22 | €373,170 | €373,170 | = | 0.0% |
| Plant, machinery and equipment | 23 | €6,886 | €5,341 | -€1,545 | -22.4% |
| Furniture and vehicles | 24 | €5,249 | €4,938 | -€311 | -5.9% |
| Financial fixed assets | 28 | €410 | €410 | = | 0.0% |
| Current assets | 29/58 | €49,424 | €16,341 | -€33,083 | -66.9% |
| Amounts receivable within one year | 40/41 | €21,071 | €11,096 | -€9,975 | -47.3% |
| Trade receivables | 40 | €9,076 | €9,076 | = | 0.0% |
| Other amounts receivable | 41 | €11,995 | €2,020 | -€9,975 | -83.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €27,906 | €4,794 | -€23,112 | -82.8% |
| Deferred charges and accrued income | 490/1 | €447 | €452 | +€4 | +1.0% |
| Total equity and liabilities | 10/49 | €435,139 | €400,200 | -€34,939 | -8.0% |
| Equity | 10/15 | €238,951 | €209,361 | -€29,590 | -12.4% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,049 | -€30,639 | -€29,590 | -2819.5% |
| Amounts payable | 17/49 | €196,188 | €190,839 | -€5,350 | -2.7% |
| Amounts payable after more than one year | 17 | €180,000 | €180,000 | = | 0.0% |
| Other amounts payable | 178/9 | €180,000 | €180,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,796 | €939 | -€3,857 | -80.4% |
| Trade debts | 44 | €4,374 | €533 | -€3,842 | -87.8% |
| Suppliers | 440/4 | €4,374 | €533 | -€3,842 | -87.8% |
| Taxes, remuneration and social security | 45 | €422 | €406 | -€16 | -3.7% |
| Taxes | 450/3 | €422 | €406 | -€16 | -3.7% |
| Accrued charges and deferred income | 492/3 | €11,392 | €9,900 | -€1,492 | -13.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,008 | €3,413 | +€404 | +13.4% |
| Other operating charges | 640/8 | €3,559 | €4,726 | +€1,167 | +32.8% |
| Gross operating margin | 9900 | -€4,485 | -€10,787 | -€6,302 | -140.5% |
| Operating profit (loss) | 9901 | -€11,053 | -€18,926 | -€7,874 | -71.2% |
| Financial income | 75/76B | €13 | €0 | -€13 | -100.0% |
| Recurring financial income | 75 | €13 | €0 | -€13 | -100.0% |
| Financial charges | 65/66B | €13,155 | €10,257 | -€2,898 | -22.0% |
| Recurring financial charges | 65 | €13,155 | €10,257 | -€2,898 | -22.0% |
| Profit (loss) for the period before taxes | 9903 | -€24,195 | -€29,183 | -€4,989 | -20.6% |
| Income taxes | 67/77 | €422 | €406 | -€16 | -3.7% |
| Profit (loss) for the period | 9904 | -€24,617 | -€29,590 | -€4,973 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,617 | -€29,590 | -€4,973 | -20.2% |
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 11 October 2026 via checked.be.