THOMAS: 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.
THOMAS
Largest movements
- Cash +€89,118
up €89,118 (+50.0%), from €178,220 to €267,338
mainly Accrued charges and deferred income (+€134,117) and Net result for the year (+€59,591)
- Receivables within one year +€17,047
up €17,047 (+76.7%), from €22,214 to €39,260
of which Other amounts receivable: +€19,016
- Tangible fixed assets -€5,305
down €5,305 (-14.5%), from €36,671 to €31,367
of which Furniture and vehicles: -€6,721
- Financial fixed assets +€5,000
up €5,000 (+6.8%), from €73,925 to €78,925
- Accrued charges and deferred income +€134,117
up €134,117 (+391.2%), from €34,287 to €168,404
- Trade debts -€73,468
down €73,468 (-44.9%), from €163,747 to €90,280
- Reserves +€51,739
up €51,739, from €0 to €51,739
- Tax, wage and social debts -€11,929
down €11,929 (-18.6%), from €64,211 to €52,283
of which Remuneration and social security: -€12,118
- Profit (loss) carried forward +€7,853
up €7,853, from -€7,853 to €0
- Staff costs -€71,228
down €71,228 (-9.8%), from €728,260 to €657,032
- Gross operating margin +€10,445
up €10,445 (+1.4%), from €728,933 to €739,377
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €333,786 | €443,615 | +€109,829 | +32.9% |
| Fixed assets | 21/28 | €110,597 | €110,292 | -€305 | -0.3% |
| Tangible fixed assets | 22/27 | €36,671 | €31,367 | -€5,305 | -14.5% |
| Plant, machinery and equipment | 23 | €1,634 | €1,631 | -€3 | -0.2% |
| Furniture and vehicles | 24 | €21,119 | €14,398 | -€6,721 | -31.8% |
| Other tangible fixed assets | 26 | €13,919 | €15,339 | +€1,420 | +10.2% |
| Financial fixed assets | 28 | €73,925 | €78,925 | +€5,000 | +6.8% |
| Current assets | 29/58 | €223,190 | €333,323 | +€110,133 | +49.3% |
| Stocks and contracts in progress | 3 | €20,101 | €22,321 | +€2,220 | +11.0% |
| Stocks | 30/36 | €20,101 | €22,321 | +€2,220 | +11.0% |
| Amounts receivable within one year | 40/41 | €22,214 | €39,260 | +€17,047 | +76.7% |
| Trade receivables | 40 | €2,295 | €325 | -€1,970 | -85.8% |
| Other amounts receivable | 41 | €19,919 | €38,936 | +€19,016 | +95.5% |
| Cash at bank and in hand | 54/58 | €178,220 | €267,338 | +€89,118 | +50.0% |
| Deferred charges and accrued income | 490/1 | €2,655 | €4,403 | +€1,748 | +65.9% |
| Total equity and liabilities | 10/49 | €333,786 | €443,615 | +€109,829 | +32.9% |
| Equity | 10/15 | €66,515 | €126,107 | +€59,591 | +89.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €0 | €51,739 | +€51,739 | |
| Distributable reserves | 133 | €0 | €51,739 | +€51,739 | |
| Profit (loss) carried forward | 14 | -€7,853 | €0 | +€7,853 | |
| Amounts payable | 17/49 | €267,271 | €317,509 | +€50,238 | +18.8% |
| Amounts payable within one year | 42/48 | €232,984 | €149,104 | -€83,880 | -36.0% |
| Trade debts | 44 | €163,747 | €90,280 | -€73,468 | -44.9% |
| Suppliers | 440/4 | €163,747 | €90,280 | -€73,468 | -44.9% |
| Advances received on contracts in progress | 46 | €0 | €918 | +€918 | |
| Taxes, remuneration and social security | 45 | €64,211 | €52,283 | -€11,929 | -18.6% |
| Taxes | 450/3 | €0 | €190 | +€190 | |
| Remuneration and social security | 454/9 | €64,211 | €52,093 | -€12,118 | -18.9% |
| Other amounts payable | 47/48 | €5,026 | €5,624 | +€598 | +11.9% |
| Accrued charges and deferred income | 492/3 | €34,287 | €168,404 | +€134,117 | +391.2% |
| Non-recurring operating income | 76A | €1,250 | €0 | -€1,250 | -100.0% |
| Remuneration, social security and pensions | 62 | €728,260 | €657,032 | -€71,228 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,527 | €12,994 | +€1,467 | +12.7% |
| Other operating charges | 640/8 | €4,238 | €5,047 | +€809 | +19.1% |
| Non-recurring operating charges | 66A | - | €1 | +€1 | |
| Gross operating margin | 9900 | €728,933 | €739,377 | +€10,445 | +1.4% |
| Operating profit (loss) | 9901 | -€15,092 | €64,304 | +€79,397 | |
| Financial income | 75/76B | €7,447 | €3,010 | -€4,437 | -59.6% |
| Recurring financial income | 75 | €7,447 | €3,010 | -€4,437 | -59.6% |
| Financial charges | 65/66B | €11,513 | €7,665 | -€3,848 | -33.4% |
| Recurring financial charges | 65 | €11,513 | €7,665 | -€3,848 | -33.4% |
| Profit (loss) for the period before taxes | 9903 | -€19,158 | €59,650 | +€78,808 | |
| Income taxes | 67/77 | €0 | €59 | +€59 | |
| Profit (loss) for the period | 9904 | -€19,158 | €59,591 | +€78,749 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,158 | €59,591 | +€78,749 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.