THOMALI: 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.
THOMALI
Largest movements
- Tangible fixed assets -€72,753
down €72,753 (-25.3%), from €287,572 to €214,819
of which Other tangible fixed assets: -€45,167
- Current investments +€10,400
up €10,400 (+650.0%), from €1,600 to €12,000
- Receivables within one year +€6,974
up €6,974 (+24.4%), from €28,595 to €35,569
of which Trade receivables: +€7,908
- Stocks and contracts -€5,450
down €5,450 (-18.7%), from €29,204 to €23,754
- Cash +€4,695
up €4,695 (+6.7%), from €70,370 to €75,065
mainly Depreciation (+€84,883) and Net result for the year (+€64,227)
- Other debts -€89,054
down €89,054 (-89.6%), from €99,346 to €10,292
- Profit (loss) carried forward +€64,227
up €64,227, from -€12,760 to €51,467
- Debts after one year -€36,096
down €36,096 (-24.8%), from €145,269 to €109,173
- Current portion of long-term debt -€26,898
down €26,898 (-50.5%), from €53,298 to €26,400
- Accrued charges and deferred income +€22,691
up €22,691 (+48.6%), from €46,687 to €69,378
- Gross operating margin +€79,527
up €79,527 (+17.2%), from €462,370 to €541,897
- Staff costs +€28,173
up €28,173 (+10.9%), from €257,803 to €285,976
- Financial charges +€21,512
up €21,512 (+27.2%), from €79,221 to €100,733
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 | €422,417 | €368,220 | -€54,197 | -12.8% |
| Fixed assets | 21/28 | €288,332 | €215,579 | -€72,753 | -25.2% |
| Tangible fixed assets | 22/27 | €287,572 | €214,819 | -€72,753 | -25.3% |
| Plant, machinery and equipment | 23 | €4,636 | €2,918 | -€1,718 | -37.1% |
| Furniture and vehicles | 24 | €93,132 | €67,264 | -€25,868 | -27.8% |
| Other tangible fixed assets | 26 | €189,804 | €144,637 | -€45,167 | -23.8% |
| Financial fixed assets | 28 | €760 | €760 | = | 0.0% |
| Current assets | 29/58 | €134,085 | €152,641 | +€18,556 | +13.8% |
| Stocks and contracts in progress | 3 | €29,204 | €23,754 | -€5,450 | -18.7% |
| Stocks | 30/36 | €29,204 | €23,754 | -€5,450 | -18.7% |
| Amounts receivable within one year | 40/41 | €28,595 | €35,569 | +€6,974 | +24.4% |
| Trade receivables | 40 | €8,652 | €16,560 | +€7,908 | +91.4% |
| Other amounts receivable | 41 | €19,943 | €19,009 | -€934 | -4.7% |
| Current investments | 50/53 | €1,600 | €12,000 | +€10,400 | +650.0% |
| Cash at bank and in hand | 54/58 | €70,370 | €75,065 | +€4,695 | +6.7% |
| Deferred charges and accrued income | 490/1 | €4,316 | €6,253 | +€1,937 | +44.9% |
| Total equity and liabilities | 10/49 | €422,417 | €368,220 | -€54,197 | -12.8% |
| Equity | 10/15 | €5,840 | €70,067 | +€64,227 | +1099.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€12,760 | €51,467 | +€64,227 | |
| Amounts payable | 17/49 | €416,577 | €298,153 | -€118,424 | -28.4% |
| Amounts payable after more than one year | 17 | €145,269 | €109,173 | -€36,096 | -24.8% |
| Financial debts | 170/4 | €145,269 | €109,173 | -€36,096 | -24.8% |
| Amounts payable within one year | 42/48 | €224,621 | €119,602 | -€105,019 | -46.8% |
| Current portion of amounts payable after more than one year | 42 | €53,298 | €26,400 | -€26,898 | -50.5% |
| Trade debts | 44 | €28,425 | €46,834 | +€18,409 | +64.8% |
| Suppliers | 440/4 | €28,425 | €46,834 | +€18,409 | +64.8% |
| Taxes, remuneration and social security | 45 | €43,552 | €36,076 | -€7,476 | -17.2% |
| Taxes | 450/3 | €20,121 | €9,198 | -€10,923 | -54.3% |
| Remuneration and social security | 454/9 | €23,431 | €26,878 | +€3,447 | +14.7% |
| Other amounts payable | 47/48 | €99,346 | €10,292 | -€89,054 | -89.6% |
| Accrued charges and deferred income | 492/3 | €46,687 | €69,378 | +€22,691 | +48.6% |
| Remuneration, social security and pensions | 62 | €257,803 | €285,976 | +€28,173 | +10.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €82,935 | €84,883 | +€1,948 | +2.3% |
| Other operating charges | 640/8 | €4,444 | €5,739 | +€1,295 | +29.1% |
| Gross operating margin | 9900 | €462,370 | €541,897 | +€79,527 | +17.2% |
| Operating profit (loss) | 9901 | €117,188 | €165,299 | +€48,111 | +41.1% |
| Financial income | 75/76B | €46 | €5 | -€41 | -89.1% |
| Recurring financial income | 75 | €46 | €5 | -€41 | -89.1% |
| Financial charges | 65/66B | €79,221 | €100,733 | +€21,512 | +27.2% |
| Recurring financial charges | 65 | €79,221 | €100,733 | +€21,512 | +27.2% |
| Profit (loss) for the period before taxes | 9903 | €38,013 | €64,571 | +€26,558 | +69.9% |
| Income taxes | 67/77 | €447 | €344 | -€103 | -23.0% |
| Profit (loss) for the period | 9904 | €37,566 | €64,227 | +€26,661 | +71.0% |
| Profit (loss) for the period to be appropriated | 9905 | €37,566 | €64,227 | +€26,661 | +71.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.