THOMAS G: 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 G
Largest movements
- Receivables after one year +€315,390
new in 2024: €315,390
- Receivables within one year -€189,187
no longer reported in 2024 (was €189,187)
- Tangible fixed assets +€154,446
up €154,446 (+87.5%), from €176,414 to €330,859
of which Land and buildings: +€155,505
- Reserves +€140,994
up €140,994 (+72.9%), from €193,513 to €334,507
of which Tax-exempt reserves: +€136,165
- Debts after one year +€79,299
up €79,299 (+116.2%), from €68,244 to €147,543
- Provisions +€34,329
new in 2024: €34,329
- Trade debts +€16,825
up €16,825 (+1923.6%), from €875 to €17,699
- Short-term financial debts +€12,543
up €12,543 (+247.2%), from €5,075 to €17,618
of which Credit institutions: +€10,477
- Gross operating margin +€134,635
up €134,635 (+236.4%), from €56,961 to €191,596
- Financial income +€15,055
up €15,055 (+6394.3%), from €235 to €15,291
- Taxes -€7,639
down €7,639 (-70.1%), from €10,891 to €3,252
- Other operating charges +€3,913
up €3,913 (+631.1%), from €620 to €4,533
- Depreciation +€2,098
up €2,098 (+27.3%), from €7,693 to €9,791
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 | €372,797 | €658,728 | +€285,931 | +76.7% |
| Fixed assets | 21/28 | €176,414 | €330,859 | +€154,446 | +87.5% |
| Tangible fixed assets | 22/27 | €176,414 | €330,859 | +€154,446 | +87.5% |
| Land and buildings | 22 | €168,781 | €324,286 | +€155,505 | +92.1% |
| Plant, machinery and equipment | 23 | €5,808 | €2,748 | -€3,060 | -52.7% |
| Furniture and vehicles | 24 | €1,824 | €3,825 | +€2,001 | +109.7% |
| Current assets | 29/58 | €196,384 | €327,869 | +€131,485 | +67.0% |
| Amounts receivable after more than one year | 29 | - | €315,390 | +€315,390 | |
| Other amounts receivable | 291 | - | €315,390 | +€315,390 | |
| Amounts receivable within one year | 40/41 | €189,187 | - | -€189,187 | |
| Other amounts receivable | 41 | €189,187 | - | -€189,187 | |
| Cash at bank and in hand | 54/58 | - | €3,289 | +€3,289 | |
| Deferred charges and accrued income | 490/1 | €7,197 | €9,190 | +€1,993 | +27.7% |
| Total equity and liabilities | 10/49 | €372,797 | €658,728 | +€285,931 | +76.7% |
| Equity | 10/15 | €260,176 | €401,170 | +€140,994 | +54.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €193,513 | €334,507 | +€140,994 | +72.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €136,165 | +€136,165 | |
| Distributable reserves | 133 | €191,653 | €196,482 | +€4,829 | +2.5% |
| Profit (loss) carried forward | 14 | €54,263 | €54,263 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €34,329 | +€34,329 | |
| Deferred taxes | 168 | - | €34,329 | +€34,329 | |
| Amounts payable | 17/49 | €112,622 | €223,229 | +€110,607 | +98.2% |
| Amounts payable after more than one year | 17 | €68,244 | €147,543 | +€79,299 | +116.2% |
| Financial debts | 170/4 | €68,244 | €147,543 | +€79,299 | +116.2% |
| Amounts payable within one year | 42/48 | €44,378 | €75,686 | +€31,309 | +70.6% |
| Current portion of amounts payable after more than one year | 42 | €566 | €3,553 | +€2,987 | +527.9% |
| Financial debts | 43 | €5,075 | €17,618 | +€12,543 | +247.2% |
| Credit institutions | 430/8 | €5,075 | €15,552 | +€10,477 | +206.5% |
| Other loans | 439 | - | €2,066 | +€2,066 | |
| Trade debts | 44 | €875 | €17,699 | +€16,825 | +1923.6% |
| Suppliers | 440/4 | €875 | €17,699 | +€16,825 | +1923.6% |
| Taxes, remuneration and social security | 45 | €37,862 | €36,816 | -€1,046 | -2.8% |
| Taxes | 450/3 | €37,862 | €36,816 | -€1,046 | -2.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,693 | €9,791 | +€2,098 | +27.3% |
| Other operating charges | 640/8 | €620 | €4,533 | +€3,913 | +631.1% |
| Gross operating margin | 9900 | €56,961 | €191,596 | +€134,635 | +236.4% |
| Operating profit (loss) | 9901 | €48,648 | €177,272 | +€128,623 | +264.4% |
| Financial income | 75/76B | €235 | €15,291 | +€15,055 | +6394.3% |
| Recurring financial income | 75 | €235 | €15,291 | +€15,055 | +6394.3% |
| Financial charges | 65/66B | €13,507 | €13,987 | +€480 | +3.6% |
| Recurring financial charges | 65 | €13,507 | €13,987 | +€480 | +3.6% |
| Profit (loss) for the period before taxes | 9903 | €35,377 | €178,575 | +€143,199 | +404.8% |
| Transfer from deferred taxes | 780 | - | €197 | +€197 | |
| Transfer to deferred taxes | 680 | - | €34,526 | +€34,526 | |
| Income taxes | 67/77 | €10,891 | €3,252 | -€7,639 | -70.1% |
| Profit (loss) for the period | 9904 | €24,485 | €140,994 | +€116,509 | +475.8% |
| Transfer from tax-exempt reserves | 789 | - | €1,941 | +€1,941 | |
| Transfer to tax-exempt reserves | 689 | - | €138,106 | +€138,106 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,485 | €4,829 | -€19,656 | -80.3% |
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 9 October 2026 via checked.be.