THOMAS COMBUSTIBLES: 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.
THOMAS COMBUSTIBLES
Largest movements
- Tangible fixed assets -€43,937
down €43,937 (-5.6%), from €777,729 to €733,792
of which Land and buildings: -€43,394
- Cash -€12,617
down €12,617 (-38.8%), from €32,485 to €19,868
mainly Other debts (-€29,770) and Trade debts (-€17,053)
- Other debts -€29,770
down €29,770 (-10.5%), from €284,219 to €254,449
- Trade debts -€17,053
down €17,053 (-35.7%), from €47,774 to €30,721
- Debts after one year -€13,891
down €13,891 (-11.4%), from €121,499 to €107,608
- Reserves +€13,884
up €13,884 (+11.2%), from €123,780 to €137,664
of which Distributable reserves: +€25,137
- Gross operating margin -€9,695
down €9,695 (-8.7%), from €112,065 to €102,370
- Other operating charges -€6,165
down €6,165 (-37.2%), from €16,561 to €10,396
- Depreciation -€4,219
down €4,219 (-7.2%), from €58,955 to €54,736
- Taxes +€1,138
up €1,138 (+9.4%), from €12,151 to €13,289
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.
Derived cash bridge
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 | €916,620 | €855,891 | -€60,729 | -6.6% |
| Fixed assets | 21/28 | €777,729 | €733,792 | -€43,937 | -5.6% |
| Tangible fixed assets | 22/27 | €777,729 | €733,792 | -€43,937 | -5.6% |
| Land and buildings | 22 | €741,858 | €698,464 | -€43,394 | -5.8% |
| Plant, machinery and equipment | 23 | - | €269 | +€269 | |
| Furniture and vehicles | 24 | €35,871 | €35,059 | -€812 | -2.3% |
| Current assets | 29/58 | €138,891 | €122,099 | -€16,792 | -12.1% |
| Stocks and contracts in progress | 3 | €6,242 | €5,957 | -€285 | -4.6% |
| Stocks | 30/36 | €6,242 | €5,957 | -€285 | -4.6% |
| Amounts receivable within one year | 40/41 | €89,200 | €88,880 | -€320 | -0.4% |
| Trade receivables | 40 | €77,505 | €73,603 | -€3,902 | -5.0% |
| Other amounts receivable | 41 | €11,695 | €15,277 | +€3,582 | +30.6% |
| Cash at bank and in hand | 54/58 | €32,485 | €19,868 | -€12,617 | -38.8% |
| Deferred charges and accrued income | 490/1 | €10,964 | €7,394 | -€3,570 | -32.6% |
| Total equity and liabilities | 10/49 | €916,620 | €855,891 | -€60,729 | -6.6% |
| Equity | 10/15 | €301,814 | €315,698 | +€13,884 | +4.6% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €123,780 | €137,664 | +€13,884 | +11.2% |
| Tax-exempt reserves | 132 | €123,780 | €112,527 | -€11,253 | -9.1% |
| Distributable reserves | 133 | - | €25,137 | +€25,137 | |
| Profit (loss) carried forward | 14 | €169,974 | €169,974 | = | 0.0% |
| Provisions and deferred taxes | 16 | €41,260 | €37,509 | -€3,751 | -9.1% |
| Deferred taxes | 168 | €41,260 | €37,509 | -€3,751 | -9.1% |
| Amounts payable | 17/49 | €573,546 | €502,684 | -€70,862 | -12.4% |
| Amounts payable after more than one year | 17 | €121,499 | €107,608 | -€13,891 | -11.4% |
| Financial debts | 170/4 | €121,499 | €107,608 | -€13,891 | -11.4% |
| Amounts payable within one year | 42/48 | €452,018 | €395,033 | -€56,985 | -12.6% |
| Current portion of amounts payable after more than one year | 42 | €27,303 | €23,631 | -€3,672 | -13.4% |
| Financial debts | 43 | €91,323 | €83,382 | -€7,941 | -8.7% |
| Credit institutions | 430/8 | €91,323 | €83,382 | -€7,941 | -8.7% |
| Trade debts | 44 | €47,774 | €30,721 | -€17,053 | -35.7% |
| Suppliers | 440/4 | €47,774 | €30,721 | -€17,053 | -35.7% |
| Taxes, remuneration and social security | 45 | €1,399 | €2,850 | +€1,451 | +104% |
| Taxes | 450/3 | €1,399 | €2,850 | +€1,451 | +104% |
| Other amounts payable | 47/48 | €284,219 | €254,449 | -€29,770 | -10.5% |
| Accrued charges and deferred income | 492/3 | €29 | €43 | +€14 | +48.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,955 | €54,736 | -€4,219 | -7.2% |
| Other operating charges | 640/8 | €16,561 | €10,396 | -€6,165 | -37.2% |
| Gross operating margin | 9900 | €112,065 | €102,370 | -€9,695 | -8.7% |
| Operating profit (loss) | 9901 | €36,549 | €37,238 | +€689 | +1.9% |
| Financial charges | 65/66B | €13,019 | €13,816 | +€797 | +6.1% |
| Recurring financial charges | 65 | €13,019 | €13,816 | +€797 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €23,530 | €23,422 | -€108 | -0.5% |
| Transfer from deferred taxes | 780 | €4,874 | €3,751 | -€1,123 | -23.0% |
| Income taxes | 67/77 | €12,151 | €13,289 | +€1,138 | +9.4% |
| Profit (loss) for the period | 9904 | €16,253 | €13,884 | -€2,369 | -14.6% |
| Transfer from tax-exempt reserves | 789 | €14,622 | €11,253 | -€3,369 | -23.0% |
| Profit (loss) for the period to be appropriated | 9905 | €30,875 | €25,137 | -€5,738 | -18.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.