THOMAJU: what changed
Two fiscal 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.
THOMAJU
Largest movements
- Current investments +€34,851
up €34,851 (+53.4%), from €65,296 to €100,147
- Receivables within one year -€4,973
down €4,973 (-15.3%), from €32,481 to €27,508
of which Trade receivables: -€8,089
- Cash +€3,162
up €3,162 (+10.5%), from €30,125 to €33,287
mainly Net result for the year (+€56,839) and Receivables within one year (+€4,973)
- Reserves +€51,639
up €51,639 (+53.1%), from €97,270 to €148,909
of which Distributable reserves: +€51,639
- Tax, wage and social debts -€9,716
no longer reported in 2025 (was €9,716)
- Other debts -€5,860
down €5,860 (-53.0%), from €11,060 to €5,200
- Trade debts -€3,023
down €3,023 (-82.7%), from €3,655 to €633
- Gross operating margin +€7,130
up €7,130 (+9.6%), from €74,516 to €81,646
- Taxes +€2,669
up €2,669 (+10.9%), from €24,473 to €27,142
- Financial income +€2,622
up €2,622 (+1462.7%), from €179 to €2,801
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 | €127,902 | €160,942 | +€33,040 | +25.8% |
| Current assets | 29/58 | €127,902 | €160,942 | +€33,040 | +25.8% |
| Amounts receivable within one year | 40/41 | €32,481 | €27,508 | -€4,973 | -15.3% |
| Trade receivables | 40 | €31,900 | €23,811 | -€8,089 | -25.4% |
| Other amounts receivable | 41 | €581 | €3,698 | +€3,117 | +536.8% |
| Current investments | 50/53 | €65,296 | €100,147 | +€34,851 | +53.4% |
| Cash at bank and in hand | 54/58 | €30,125 | €33,287 | +€3,162 | +10.5% |
| Total equity and liabilities | 10/49 | €127,902 | €160,942 | +€33,040 | +25.8% |
| Equity | 10/15 | €103,470 | €155,109 | +€51,639 | +49.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €97,270 | €148,909 | +€51,639 | +53.1% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €95,411 | €147,050 | +€51,639 | +54.1% |
| Amounts payable | 17/49 | €24,431 | €5,833 | -€18,599 | -76.1% |
| Amounts payable within one year | 42/48 | €24,431 | €5,833 | -€18,599 | -76.1% |
| Trade debts | 44 | €3,655 | €633 | -€3,023 | -82.7% |
| Suppliers | 440/4 | €3,655 | €633 | -€3,023 | -82.7% |
| Taxes, remuneration and social security | 45 | €9,716 | - | -€9,716 | |
| Taxes | 450/3 | €9,716 | - | -€9,716 | |
| Other amounts payable | 47/48 | €11,060 | €5,200 | -€5,860 | -53.0% |
| Other operating charges | 640/8 | €132 | €141 | +€9 | +6.7% |
| Gross operating margin | 9900 | €74,516 | €81,646 | +€7,130 | +9.6% |
| Operating profit (loss) | 9901 | €74,384 | €81,505 | +€7,121 | +9.6% |
| Financial income | 75/76B | €179 | €2,801 | +€2,622 | +1462.7% |
| Recurring financial income | 75 | €179 | €2,801 | +€2,622 | +1462.7% |
| Financial charges | 65/66B | €58 | €325 | +€267 | +459.9% |
| Recurring financial charges | 65 | €58 | €325 | +€267 | +459.9% |
| Profit (loss) for the period before taxes | 9903 | €74,505 | €83,981 | +€9,476 | +12.7% |
| Income taxes | 67/77 | €24,473 | €27,142 | +€2,669 | +10.9% |
| Profit (loss) for the period | 9904 | €50,033 | €56,839 | +€6,806 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,033 | €56,839 | +€6,806 | +13.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.