Thomas & T.R.: 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 & T.R.
Largest movements
- Receivables within one year -€30,417
down €30,417 (-90.3%), from €33,669 to €3,252
of which Trade receivables: -€30,416
- Tangible fixed assets +€11,760
new in 2025: €11,760
- Cash +€4,235
up €4,235 (+845%), from €501 to €4,736
mainly Receivables within one year (+€30,417) and Net result for the year (+€7,107)
- Deferred charges and accrued income +€661
up €661 (+60.6%), from €1,091 to €1,751
- Accrued charges and deferred income -€19,766
no longer reported in 2025 (was €19,766)
- Reserves +€7,107
new in 2025: €7,107
- Trade debts -€1,751
down €1,751 (-51.9%), from €3,374 to €1,622
- Tax, wage and social debts +€649
up €649 (+20.5%), from €3,163 to €3,812
of which Taxes: +€1,836
- Gross operating margin +€9,999
up €9,999 (+190%), from €5,269 to €15,268
- Taxes +€2,718
up €2,718 (+1,760%), from €154 to €2,873
- Depreciation +€1,227
up €1,227 (+34.9%), from €3,513 to €4,740
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 | €35,261 | €21,499 | -€13,762 | -39.0% |
| Fixed assets | 21/28 | - | €11,760 | +€11,760 | |
| Tangible fixed assets | 22/27 | - | €11,760 | +€11,760 | |
| Furniture and vehicles | 24 | - | €11,760 | +€11,760 | |
| Current assets | 29/58 | €35,261 | €9,739 | -€25,522 | -72.4% |
| Amounts receivable within one year | 40/41 | €33,669 | €3,252 | -€30,417 | -90.3% |
| Trade receivables | 40 | €30,416 | - | -€30,416 | |
| Other amounts receivable | 41 | €3,253 | €3,252 | -€1 | 0.0% |
| Cash at bank and in hand | 54/58 | €501 | €4,736 | +€4,235 | +845% |
| Deferred charges and accrued income | 490/1 | €1,091 | €1,751 | +€661 | +60.6% |
| Total equity and liabilities | 10/49 | €35,261 | €21,499 | -€13,762 | -39.0% |
| Equity | 10/15 | €8,958 | €16,065 | +€7,107 | +79.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | €4,000 | = | 0.0% |
| Issued capital | 100 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | - | €7,107 | +€7,107 | |
| Distributable reserves | 133 | - | €7,107 | +€7,107 | |
| Profit (loss) carried forward | 14 | €4,958 | €4,958 | = | 0.0% |
| Amounts payable | 17/49 | €26,303 | €5,434 | -€20,869 | -79.3% |
| Amounts payable within one year | 42/48 | €6,537 | €5,434 | -€1,103 | -16.9% |
| Trade debts | 44 | €3,374 | €1,622 | -€1,751 | -51.9% |
| Suppliers | 440/4 | €3,374 | €1,622 | -€1,751 | -51.9% |
| Taxes, remuneration and social security | 45 | €3,163 | €3,812 | +€649 | +20.5% |
| Taxes | 450/3 | €1,037 | €2,873 | +€1,836 | +177% |
| Remuneration and social security | 454/9 | €2,126 | €939 | -€1,187 | -55.8% |
| Accrued charges and deferred income | 492/3 | €19,766 | - | -€19,766 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,513 | €4,740 | +€1,227 | +34.9% |
| Other operating charges | 640/8 | €378 | €402 | +€24 | +6.4% |
| Gross operating margin | 9900 | €5,269 | €15,268 | +€9,999 | +190% |
| Operating profit (loss) | 9901 | €1,378 | €10,126 | +€8,748 | +635% |
| Financial income | 75/76B | €31 | €61 | +€30 | +97.8% |
| Recurring financial income | 75 | €31 | €61 | +€30 | +97.8% |
| Financial charges | 65/66B | €228 | €208 | -€20 | -8.7% |
| Recurring financial charges | 65 | €228 | €208 | -€20 | -8.7% |
| Profit (loss) for the period before taxes | 9903 | €1,181 | €9,980 | +€8,798 | +745% |
| Income taxes | 67/77 | €154 | €2,873 | +€2,718 | +1,760% |
| Profit (loss) for the period | 9904 | €1,027 | €7,107 | +€6,080 | +592% |
| Profit (loss) for the period to be appropriated | 9905 | €1,027 | €7,107 | +€6,080 | +592% |
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 28 October 2026 via checked.be.