THOMAS MARKET: 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 MARKET
Largest movements
- Cash +€50,116
up €50,116 (+217%), from €23,115 to €73,231
mainly Net result for the year (+€36,193) and Depreciation (+€31,979)
- Tangible fixed assets -€21,047
down €21,047 (-25.6%), from €82,269 to €61,222
of which Furniture and vehicles: -€22,678
- Receivables within one year -€2,832
down €2,832 (-93.5%), from €3,029 to €196
of which Trade receivables: -€2,704
- Stocks and contracts -€2,587
down €2,587 (-4.7%), from €54,537 to €51,951
- Profit (loss) carried forward +€36,193
up €36,193, from -€25,100 to €11,093
- Debts after one year -€9,977
down €9,977 (-59.7%), from €16,721 to €6,744
- Other debts -€8,548
down €8,548 (-5.1%), from €166,570 to €158,023
- Tax, wage and social debts +€2,944
up €2,944 (+448%), from €657 to €3,601
- Trade debts +€2,872
up €2,872 (+252%), from €1,140 to €4,011
- Financial charges -€14,343
down €14,343 (-92.4%), from €15,519 to €1,177
- Gross operating margin +€3,605
up €3,605 (+5.5%), from €65,192 to €68,797
- Taxes +€2,872
new in 2025: €2,872
- Other operating charges -€2,623
down €2,623 (-91.1%), from €2,878 to €255
- Depreciation +€888
up €888 (+2.9%), from €31,091 to €31,979
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 | €171,799 | €195,449 | +€23,650 | +13.8% |
| Fixed assets | 21/28 | €91,119 | €70,072 | -€21,047 | -23.1% |
| Tangible fixed assets | 22/27 | €82,269 | €61,222 | -€21,047 | -25.6% |
| Plant, machinery and equipment | 23 | €8,726 | €10,358 | +€1,632 | +18.7% |
| Furniture and vehicles | 24 | €73,542 | €50,864 | -€22,678 | -30.8% |
| Financial fixed assets | 28 | €8,850 | €8,850 | = | 0.0% |
| Current assets | 29/58 | €80,681 | €125,377 | +€44,697 | +55.4% |
| Stocks and contracts in progress | 3 | €54,537 | €51,951 | -€2,587 | -4.7% |
| Stocks | 30/36 | €54,537 | €51,951 | -€2,587 | -4.7% |
| Amounts receivable within one year | 40/41 | €3,029 | €196 | -€2,832 | -93.5% |
| Trade receivables | 40 | €2,704 | - | -€2,704 | |
| Other amounts receivable | 41 | €324 | €196 | -€128 | -39.5% |
| Cash at bank and in hand | 54/58 | €23,115 | €73,231 | +€50,116 | +217% |
| Total equity and liabilities | 10/49 | €171,799 | €195,449 | +€23,650 | +13.8% |
| Equity | 10/15 | -€23,100 | €13,093 | +€36,193 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,100 | €11,093 | +€36,193 | |
| Amounts payable | 17/49 | €194,900 | €182,356 | -€12,543 | -6.4% |
| Amounts payable after more than one year | 17 | €16,721 | €6,744 | -€9,977 | -59.7% |
| Financial debts | 170/4 | €16,721 | €6,744 | -€9,977 | -59.7% |
| Amounts payable within one year | 42/48 | €178,179 | €175,612 | -€2,567 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €9,812 | €9,977 | +€165 | +1.7% |
| Trade debts | 44 | €1,140 | €4,011 | +€2,872 | +252% |
| Suppliers | 440/4 | €1,140 | €4,011 | +€2,872 | +252% |
| Taxes, remuneration and social security | 45 | €657 | €3,601 | +€2,944 | +448% |
| Taxes | 450/3 | €657 | €3,601 | +€2,944 | +448% |
| Other amounts payable | 47/48 | €166,570 | €158,023 | -€8,548 | -5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,091 | €31,979 | +€888 | +2.9% |
| Other operating charges | 640/8 | €2,878 | €255 | -€2,623 | -91.1% |
| Non-recurring operating charges | 66A | - | €129 | +€129 | |
| Gross operating margin | 9900 | €65,192 | €68,797 | +€3,605 | +5.5% |
| Operating profit (loss) | 9901 | €31,222 | €36,433 | +€5,211 | +16.7% |
| Financial income | 75/76B | €3,497 | €3,809 | +€312 | +8.9% |
| Recurring financial income | 75 | €3,497 | €3,809 | +€312 | +8.9% |
| Financial charges | 65/66B | €15,519 | €1,177 | -€14,343 | -92.4% |
| Recurring financial charges | 65 | €15,519 | €1,177 | -€14,343 | -92.4% |
| Profit (loss) for the period before taxes | 9903 | €19,200 | €39,066 | +€19,866 | +103% |
| Income taxes | 67/77 | - | €2,872 | +€2,872 | |
| Profit (loss) for the period | 9904 | €19,200 | €36,193 | +€16,993 | +88.5% |
| Profit (loss) for the period to be appropriated | 9905 | €19,200 | €36,193 | +€16,993 | +88.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.