THOMAS BAARS HOLDING: 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 BAARS HOLDING
Largest movements
- Financial fixed assets +€140,000
up €140,000 (+23333.3%), from €600 to €140,600
- Cash -€96,329
down €96,329 (-86.4%), from €111,429 to €15,100
mainly Investment in fixed assets (net) (-€140,000) and Receivables within one year (-€40,290)
- Receivables within one year +€40,290
up €40,290 (+33.3%), from €121,170 to €161,460
of which Trade receivables: +€40,260
- Debts after one year +€69,452
up €69,452 (+322.0%), from €21,571 to €91,023
- Reserves +€10,514
up €10,514 (+11.0%), from €95,806 to €106,320
of which Distributable reserves: +€10,514
- Gross operating margin +€32,549
up €32,549 (+306.5%), from €10,619 to €43,167
- Write-downs +€21,242
up €21,242, from €0 to €21,242
- Financial charges +€6,001
up €6,001 (+177.6%), from €3,380 to €9,380
of which Financial charges: +€6,001
- Taxes +€2,392
up €2,392 (+104.4%), from €2,291 to €4,683
- Financial income +€1,157
up €1,157 (+34.5%), from €3,357 to €4,514
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 | €235,821 | €317,539 | +€81,719 | +34.7% |
| Fixed assets | 21/28 | €1,496 | €140,980 | +€139,484 | +9324.5% |
| Tangible fixed assets | 22/27 | €896 | €380 | -€516 | -57.6% |
| Plant, machinery and equipment | 23 | €896 | €380 | -€516 | -57.6% |
| Financial fixed assets | 28 | €600 | €140,600 | +€140,000 | +23333.3% |
| Current assets | 29/58 | €234,325 | €176,560 | -€57,765 | -24.7% |
| Amounts receivable within one year | 40/41 | €121,170 | €161,460 | +€40,290 | +33.3% |
| Trade receivables | 40 | €30,789 | €71,049 | +€40,260 | +130.8% |
| Other amounts receivable | 41 | €90,381 | €90,411 | +€30 | 0.0% |
| Cash at bank and in hand | 54/58 | €111,429 | €15,100 | -€96,329 | -86.4% |
| Deferred charges and accrued income | 490/1 | €1,725 | €0 | -€1,725 | -100.0% |
| Total equity and liabilities | 10/49 | €235,821 | €317,539 | +€81,719 | +34.7% |
| Equity | 10/15 | €195,806 | €206,320 | +€10,514 | +5.4% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €95,806 | €106,320 | +€10,514 | +11.0% |
| Non-distributable reserves | 130/1 | €498 | €498 | = | 0.0% |
| Reserves not available under the articles | 1311 | €498 | €498 | = | 0.0% |
| Distributable reserves | 133 | €95,308 | €105,823 | +€10,514 | +11.0% |
| Amounts payable | 17/49 | €40,015 | €111,219 | +€71,204 | +177.9% |
| Amounts payable after more than one year | 17 | €21,571 | €91,023 | +€69,452 | +322.0% |
| Financial debts | 170/4 | €21,571 | €91,023 | +€69,452 | +322.0% |
| Amounts payable within one year | 42/48 | €18,444 | €20,196 | +€1,752 | +9.5% |
| Trade debts | 44 | €11,672 | €12,213 | +€542 | +4.6% |
| Suppliers | 440/4 | €11,672 | €12,213 | +€542 | +4.6% |
| Taxes, remuneration and social security | 45 | €6,772 | €7,983 | +€1,211 | +17.9% |
| Taxes | 450/3 | €6,772 | €7,983 | +€1,211 | +17.9% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €7,364 | +€7,364 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €758 | €516 | -€241 | -31.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | €21,242 | +€21,242 | |
| Other operating charges | 640/8 | €1,722 | €1,345 | -€377 | -21.9% |
| Gross operating margin | 9900 | €10,619 | €43,167 | +€32,549 | +306.5% |
| Operating profit (loss) | 9901 | €8,139 | €20,064 | +€11,924 | +146.5% |
| Financial income | 75/76B | €3,357 | €4,514 | +€1,157 | +34.5% |
| Recurring financial income | 75 | €3,357 | €4,514 | +€1,157 | +34.5% |
| Financial charges | 65/66B | €3,380 | €9,380 | +€6,001 | +177.6% |
| Recurring financial charges | 65 | €3,380 | €9,380 | +€6,001 | +177.6% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €8,117 | €15,197 | +€7,080 | +87.2% |
| Income taxes | 67/77 | €2,291 | €4,683 | +€2,392 | +104.4% |
| Profit (loss) for the period | 9904 | €5,826 | €10,514 | +€4,688 | +80.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,826 | €10,514 | +€4,688 | +80.5% |
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 4 October 2026 via checked.be.