THOMAS CONSTRUCTION: 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 CONSTRUCTION
Largest movements
- Receivables within one year +€231,602
up €231,602 (+26.3%), from €879,690 to €1.1m
of which Trade receivables: +€191,510
- Deferred charges and accrued income -€16,800
no longer reported in 2024 (was €16,800)
- Profit (loss) carried forward +€203,466
up €203,466 (+42.9%), from €474,758 to €678,225
- Trade debts +€51,329
up €51,329 (+19.5%), from €263,718 to €315,047
- Tax, wage and social debts -€37,502
down €37,502 (-11.6%), from €324,623 to €287,121
of which Remuneration and social security: -€19,994
- Turnover -€2.1m
no longer reported in 2024 (was €2.1m)
- Purchases and services -€664,740
no longer reported in 2024 (was €664,740)
- Write-downs -€227,725
no longer reported in 2024 (was €227,725)
- Gross operating margin -€205,821
down €205,821 (-14.1%), from €1.5m to €1.3m
- Staff costs +€124,772
up €124,772 (+14.0%), from €894,294 to €1.0m
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 | €1,270,914 | €1,488,207 | +€217,293 | +17.1% |
| Fixed assets | 21/28 | €20,022 | €24,928 | +€4,906 | +24.5% |
| Tangible fixed assets | 22/27 | €17,834 | €22,740 | +€4,906 | +27.5% |
| Furniture and vehicles | 24 | €17,834 | €22,740 | +€4,906 | +27.5% |
| Financial fixed assets | 28 | €2,188 | €2,188 | = | 0.0% |
| Current assets | 29/58 | €1,250,892 | €1,463,280 | +€212,387 | +17.0% |
| Amounts receivable after more than one year | 29 | €351,848 | €351,848 | = | 0.0% |
| Other amounts receivable | 291 | €351,848 | €351,848 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €879,690 | €1,111,292 | +€231,602 | +26.3% |
| Trade receivables | 40 | €667,394 | €858,904 | +€191,510 | +28.7% |
| Other amounts receivable | 41 | €212,297 | €252,388 | +€40,092 | +18.9% |
| Cash at bank and in hand | 54/58 | €2,554 | €139 | -€2,415 | -94.5% |
| Deferred charges and accrued income | 490/1 | €16,800 | - | -€16,800 | |
| Total equity and liabilities | 10/49 | €1,270,914 | €1,488,207 | +€217,293 | +17.1% |
| Equity | 10/15 | €480,958 | €684,425 | +€203,466 | +42.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €474,758 | €678,225 | +€203,466 | +42.9% |
| Amounts payable | 17/49 | €789,956 | €803,783 | +€13,827 | +1.8% |
| Amounts payable within one year | 42/48 | €789,956 | €803,783 | +€13,827 | +1.8% |
| Trade debts | 44 | €263,718 | €315,047 | +€51,329 | +19.5% |
| Suppliers | 440/4 | €263,718 | €315,047 | +€51,329 | +19.5% |
| Advances received on contracts in progress | 46 | €1,615 | €1,615 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €324,623 | €287,121 | -€37,502 | -11.6% |
| Taxes | 450/3 | €49,916 | €32,408 | -€17,508 | -35.1% |
| Remuneration and social security | 454/9 | €274,707 | €254,713 | -€19,994 | -7.3% |
| Other amounts payable | 47/48 | €200,000 | €200,000 | = | 0.0% |
| Turnover | 70 | €2,097,370 | - | -€2.1m | |
| Goods, raw materials, services and sundry goods | 60/61 | €664,740 | - | -€664,740 | |
| Remuneration, social security and pensions | 62 | €894,294 | €1,019,066 | +€124,772 | +14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,266 | €14,294 | +€11,028 | +338% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €227,725 | - | -€227,725 | |
| Other operating charges | 640/8 | €13,744 | €14,557 | +€813 | +5.9% |
| Gross operating margin | 9900 | €1,456,141 | €1,250,320 | -€205,821 | -14.1% |
| Operating profit (loss) | 9901 | €317,112 | €202,402 | -€114,710 | -36.2% |
| Financial income | 75/76B | €3,031 | €13,482 | +€10,451 | +345% |
| Recurring financial income | 75 | €3,031 | €13,482 | +€10,451 | +345% |
| Financial charges | 65/66B | €6,387 | €6,272 | -€116 | -1.8% |
| Recurring financial charges | 65 | €6,387 | €6,272 | -€116 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €313,756 | €209,612 | -€104,144 | -33.2% |
| Income taxes | 67/77 | €70,343 | €6,146 | -€64,197 | -91.3% |
| Profit (loss) for the period | 9904 | €243,413 | €203,466 | -€39,947 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €243,413 | €203,466 | -€39,947 | -16.4% |
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 27 October 2026 via checked.be.