THOMAS 2000: 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.
What changed
THOMAS 2000
NACE 68.121, Development of residential building projects
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€399,833
2024 · €1.1m-€738,047
Equity
€452,692
2024 · €52,859+€399,833
Cash
€0
2024 · €13,229-€13,229
Balance sheet total
€2.3m
2024 · €2.4m-€165,506
Largest movements
Assets
- Tangible fixed assets -€83,298
down €83,298 (-3.9%), from €2.1m to €2.1m
- Receivables within one year -€69,419
down €69,419 (-45.0%), from €154,419 to €85,000
Equity and liabilities
- Reserves +€469,426
up €469,426 (+1,074%), from €43,719 to €513,145
of which Tax-exempt reserves: +€464,415
- Debts after one year -€361,436
down €361,436 (-29.8%), from €1.2m to €852,079
- Other debts -€185,105
down €185,105 (-20.3%), from €910,854 to €725,748
- Provisions +€154,805
new in 2025: €154,805
- Tax, wage and social debts -€152,431
down €152,431 (-99.8%), from €152,674 to €244
Income statement
- Financial income -€1.4m
down €1.4m (-99.6%), from €1.4m to €6,051
of which Non-recurring financial income: -€1.4m
- Gross operating margin +€569,488
up €569,488 (+401%), from €141,937 to €711,425
- Taxes -€352,117
down €352,117 (-100%), from €352,117 to €0
- Write-downs +€89,561
up €89,561, from -€89,561 to €0
- Depreciation -€31,346
down €31,346 (-25.9%), from €121,200 to €89,854
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.
Result 2024
€1.1m
Gross operating margin
+€569,488
Depreciation
+€31,346
Write-downs
-€89,561
Other operating charges
+€2,734
Financial income
-€1.4m
Financial charges
+€13,044
Taxes
+€352,117
Deferred taxes and other
-€179,520
Result 2025
€399,833
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€346,337
Investment
-€6,470
Financing
-€353,096
Cash 2024
€13,229
From operations (derived)
+€346,337
Net result for the year
+€399,833
Depreciation
+€89,854
Receivables within one year
+€69,419
Smaller working-capital items
-€1,308
Provisions
+€154,805
Trade debts
-€28,730
Tax, wage and social debts
-€152,431
Other debts
-€185,105
Investment (derived)
-€6,470
Investment in fixed assets (net)
-€6,470
Financing
-€353,096
Debts after one year
-€361,436
Current portion of long-term debt
+€8,339
Cash 2025
€0
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,431,320 | €2,265,814 | -€165,506 | -6.8% |
| Fixed assets | 21/28 | €2,261,667 | €2,178,283 | -€83,384 | -3.7% |
| Tangible fixed assets | 22/27 | €2,136,555 | €2,053,258 | -€83,298 | -3.9% |
| Land and buildings | 22 | €2,136,555 | €2,053,258 | -€83,298 | -3.9% |
| Financial fixed assets | 28 | €125,112 | €125,025 | -€87 | -0.1% |
| Current assets | 29/58 | €169,653 | €87,531 | -€82,122 | -48.4% |
| Amounts receivable within one year | 40/41 | €154,419 | €85,000 | -€69,419 | -45.0% |
| Other amounts receivable | 41 | €154,419 | €85,000 | -€69,419 | -45.0% |
| Cash at bank and in hand | 54/58 | €13,229 | €0 | -€13,229 | -100% |
| Deferred charges and accrued income | 490/1 | €2,005 | €2,531 | +€526 | +26.2% |
| Total equity and liabilities | 10/49 | €2,431,320 | €2,265,814 | -€165,506 | -6.8% |
| Equity | 10/15 | €52,859 | €452,692 | +€399,833 | +756% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €43,719 | €513,145 | +€469,426 | +1,074% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €464,415 | +€464,415 | |
| Distributable reserves | 133 | €37,519 | €42,529 | +€5,011 | +13.4% |
| Profit (loss) carried forward | 14 | -€52,860 | -€122,453 | -€69,593 | -132% |
| Provisions and deferred taxes | 16 | - | €154,805 | +€154,805 | |
| Deferred taxes | 168 | - | €154,805 | +€154,805 | |
| Amounts payable | 17/49 | €2,378,461 | €1,658,317 | -€720,144 | -30.3% |
| Amounts payable after more than one year | 17 | €1,213,514 | €852,079 | -€361,436 | -29.8% |
| Financial debts | 170/4 | €1,213,514 | €852,079 | -€361,436 | -29.8% |
| Amounts payable within one year | 42/48 | €1,161,055 | €803,128 | -€357,927 | -30.8% |
| Current portion of amounts payable after more than one year | 42 | €60,185 | €68,524 | +€8,339 | +13.9% |
| Trade debts | 44 | €37,342 | €8,612 | -€28,730 | -76.9% |
| Suppliers | 440/4 | €37,342 | €8,612 | -€28,730 | -76.9% |
| Taxes, remuneration and social security | 45 | €152,674 | €244 | -€152,431 | -99.8% |
| Taxes | 450/3 | €152,674 | €244 | -€152,431 | -99.8% |
| Other amounts payable | 47/48 | €910,854 | €725,748 | -€185,105 | -20.3% |
| Accrued charges and deferred income | 492/3 | €3,892 | €3,110 | -€782 | -20.1% |
| Non-recurring operating income | 76A | - | €625,623 | +€625,623 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €121,200 | €89,854 | -€31,346 | -25.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€89,561 | €0 | +€89,561 | |
| Other operating charges | 640/8 | €20,691 | €17,957 | -€2,734 | -13.2% |
| Gross operating margin | 9900 | €141,937 | €711,425 | +€569,488 | +401% |
| Operating profit (loss) | 9901 | €89,606 | €603,614 | +€514,008 | +574% |
| Financial income | 75/76B | €1,443,747 | €6,051 | -€1.4m | -99.6% |
| Recurring financial income | 75 | €1,290 | €6,051 | +€4,761 | +369% |
| Non-recurring financial income | 76B | €1,442,457 | €0 | -€1.4m | -100% |
| Financial charges | 65/66B | €68,071 | €55,027 | -€13,044 | -19.2% |
| Recurring financial charges | 65 | €68,071 | €55,027 | -€13,044 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €1,465,282 | €554,638 | -€910,644 | -62.1% |
| Transfer from deferred taxes | 780 | €24,715 | €1,601 | -€23,115 | -93.5% |
| Transfer to deferred taxes | 680 | - | €156,406 | +€156,406 | |
| Income taxes | 67/77 | €352,117 | €0 | -€352,117 | -100% |
| Profit (loss) for the period | 9904 | €1,137,880 | €399,833 | -€738,047 | -64.9% |
| Transfer from tax-exempt reserves | 789 | €47,977 | €4,802 | -€43,175 | -90.0% |
| Transfer to tax-exempt reserves | 689 | - | €474,228 | +€474,228 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,185,857 | -€69,593 | -€1.3m |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.