Thomas Invest: 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 Invest
Largest movements
- Cash +€32,584
up €32,584 (+150%), from €21,767 to €54,351
mainly Net result for the year (+€87,976) and Depreciation (+€20,939)
- Tangible fixed assets +€19,927
up €19,927 (+3.1%), from €635,716 to €655,642
- Receivables within one year +€16,432
up €16,432 (+15.8%), from €104,292 to €120,724
of which Trade receivables: +€10,678
- Reserves +€72,976
up €72,976 (+73.1%), from €99,769 to €172,744
- Debts after one year -€26,682
down €26,682 (-6.6%), from €403,025 to €376,343
- Tax, wage and social debts +€10,274
up €10,274 (+47.0%), from €21,853 to €32,127
of which Taxes: +€10,853
- Current portion of long-term debt +€9,593
up €9,593 (+34.4%), from €27,926 to €37,519
- Gross operating margin +€100,529
up €100,529 (+50.5%), from €199,015 to €299,543
- Financial charges +€41,956
up €41,956 (+280%), from €14,992 to €56,949
- Depreciation -€23,954
down €23,954 (-53.4%), from €44,893 to €20,939
- Taxes +€15,038
up €15,038 (+110%), from €13,693 to €28,731
- Staff costs +€12,482
up €12,482 (+14.3%), from €87,374 to €99,857
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €768,483 | €837,475 | +€68,992 | +9.0% |
| Fixed assets | 21/28 | €641,716 | €661,642 | +€19,927 | +3.1% |
| Tangible fixed assets | 22/27 | €635,716 | €655,642 | +€19,927 | +3.1% |
| Land and buildings | 22 | €635,716 | €655,642 | +€19,927 | +3.1% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €126,767 | €175,832 | +€49,065 | +38.7% |
| Amounts receivable within one year | 40/41 | €104,292 | €120,724 | +€16,432 | +15.8% |
| Trade receivables | 40 | €90,696 | €101,374 | +€10,678 | +11.8% |
| Other amounts receivable | 41 | €13,597 | €19,351 | +€5,754 | +42.3% |
| Cash at bank and in hand | 54/58 | €21,767 | €54,351 | +€32,584 | +150% |
| Deferred charges and accrued income | 490/1 | €708 | €757 | +€49 | +6.9% |
| Total equity and liabilities | 10/49 | €768,483 | €837,475 | +€68,992 | +9.0% |
| Equity | 10/15 | €118,369 | €191,344 | +€72,976 | +61.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €99,769 | €172,744 | +€72,976 | +73.1% |
| Distributable reserves | 133 | €99,769 | €172,744 | +€72,976 | +73.1% |
| Amounts payable | 17/49 | €650,114 | €646,131 | -€3,984 | -0.6% |
| Amounts payable after more than one year | 17 | €403,025 | €376,343 | -€26,682 | -6.6% |
| Financial debts | 170/4 | €403,025 | €376,343 | -€26,682 | -6.6% |
| Amounts payable within one year | 42/48 | €247,089 | €269,787 | +€22,698 | +9.2% |
| Current portion of amounts payable after more than one year | 42 | €27,926 | €37,519 | +€9,593 | +34.4% |
| Trade debts | 44 | €36,069 | €36,000 | -€69 | -0.2% |
| Suppliers | 440/4 | €36,069 | €36,000 | -€69 | -0.2% |
| Taxes, remuneration and social security | 45 | €21,853 | €32,127 | +€10,274 | +47.0% |
| Taxes | 450/3 | €3,743 | €14,596 | +€10,853 | +290% |
| Remuneration and social security | 454/9 | €18,110 | €17,530 | -€579 | -3.2% |
| Other amounts payable | 47/48 | €161,242 | €164,142 | +€2,900 | +1.8% |
| Remuneration, social security and pensions | 62 | €87,374 | €99,857 | +€12,482 | +14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,893 | €20,939 | -€23,954 | -53.4% |
| Other operating charges | 640/8 | €2,438 | €5,092 | +€2,654 | +109% |
| Gross operating margin | 9900 | €199,015 | €299,543 | +€100,529 | +50.5% |
| Operating profit (loss) | 9901 | €64,310 | €173,655 | +€109,346 | +170% |
| Financial charges | 65/66B | €14,992 | €56,949 | +€41,956 | +280% |
| Recurring financial charges | 65 | €14,992 | €56,949 | +€41,956 | +280% |
| Profit (loss) for the period before taxes | 9903 | €49,317 | €116,707 | +€67,389 | +137% |
| Income taxes | 67/77 | €13,693 | €28,731 | +€15,038 | +110% |
| Profit (loss) for the period | 9904 | €35,624 | €87,976 | +€52,351 | +147% |
| Profit (loss) for the period to be appropriated | 9905 | €35,624 | €87,976 | +€52,351 | +147% |
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 20 October 2026 via checked.be.