THOMAS MORUS: what changed
Two fiscal 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 MORUS
Largest movements
- Cash -€727
down €727 (-94.4%), from €771 to €43
mainly Trade debts (-€1,781) and Net result for the year (-€1,362)
- Other debts +€2,460
up €2,460 (+0.7%), from €335,997 to €338,457
- Trade debts -€1,781
down €1,781 (-2.2%), from €81,755 to €79,974
- Profit (loss) carried forward -€1,362
down €1,362 (-0.2%), from -€554,894 to -€556,256
- Gross operating margin +€552
up €552 (+34.2%), from -€1,614 to -€1,062
- Other operating charges +€165
up €165 (+258.8%), from €64 to €229
- Financial charges +€71
new in 2025: €71
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.
Cash bridge derived
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 | €11,595 | €10,912 | -€683 | -5.9% |
| Current assets | 29/58 | €11,595 | €10,912 | -€683 | -5.9% |
| Amounts receivable within one year | 40/41 | €10,824 | €10,868 | +€44 | +0.4% |
| Trade receivables | 40 | €10,378 | €10,378 | = | 0.0% |
| Other amounts receivable | 41 | €445 | €490 | +€44 | +10.0% |
| Cash at bank and in hand | 54/58 | €771 | €43 | -€727 | -94.4% |
| Total equity and liabilities | 10/49 | €11,595 | €10,912 | -€683 | -5.9% |
| Equity | 10/15 | -€406,157 | -€407,519 | -€1,362 | -0.3% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€554,894 | -€556,256 | -€1,362 | -0.2% |
| Amounts payable | 17/49 | €417,752 | €418,431 | +€679 | +0.2% |
| Amounts payable within one year | 42/48 | €417,752 | €418,431 | +€679 | +0.2% |
| Trade debts | 44 | €81,755 | €79,974 | -€1,781 | -2.2% |
| Suppliers | 440/4 | €81,755 | €79,974 | -€1,781 | -2.2% |
| Other amounts payable | 47/48 | €335,997 | €338,457 | +€2,460 | +0.7% |
| Other operating charges | 640/8 | €64 | €229 | +€165 | +258.8% |
| Gross operating margin | 9900 | -€1,614 | -€1,062 | +€552 | +34.2% |
| Operating profit (loss) | 9901 | -€1,678 | -€1,291 | +€387 | +23.0% |
| Financial charges | 65/66B | - | €71 | +€71 | |
| Recurring financial charges | 65 | - | €71 | +€71 | |
| Profit (loss) for the period before taxes | 9903 | -€1,678 | -€1,362 | +€316 | +18.8% |
| Profit (loss) for the period | 9904 | -€1,678 | -€1,362 | +€316 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,678 | -€1,362 | +€316 | +18.8% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.