THOMAS-THOLL: 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-THOLL
Largest movements
- Receivables within one year -€29,106
down €29,106 (-27.6%), from €105,610 to €76,503
of which Other amounts receivable: -€31,156
- Other debts -€1.4m
down €1.4m (-99.5%), from €1.4m to €6,461
- Reserves +€1.3m
up €1.3m (+821%), from €154,401 to €1.4m
- Tax, wage and social debts +€135,399
up €135,399 (+1,152%), from €11,758 to €147,157
of which Taxes: +€135,924
- Current portion of long-term debt -€17,245
down €17,245 (-100%), from €17,245 to €0
- Financial income +€1.5m
up €1.5m (+14,517%), from €10,314 to €1.5m
- Taxes +€137,314
up €137,314 (+1,773%), from €7,745 to €145,060
- Depreciation -€14,402
down €14,402 (-21.9%), from €65,691 to €51,289
- Gross operating margin -€10,436
down €10,436 (-10.3%), from €101,107 to €90,671
- Other operating charges +€2,281
up €2,281 (+32.5%), from €7,026 to €9,308
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 | €1,623,097 | €1,595,212 | -€27,885 | -1.7% |
| Fixed assets | 21/28 | €1,510,225 | €1,506,751 | -€3,474 | -0.2% |
| Tangible fixed assets | 22/27 | €327,766 | €324,293 | -€3,474 | -1.1% |
| Land and buildings | 22 | €317,833 | €304,603 | -€13,229 | -4.2% |
| Furniture and vehicles | 24 | €9,934 | €19,690 | +€9,756 | +98.2% |
| Financial fixed assets | 28 | €1,182,459 | €1,182,459 | = | 0.0% |
| Current assets | 29/58 | €112,872 | €88,461 | -€24,411 | -21.6% |
| Amounts receivable within one year | 40/41 | €105,610 | €76,503 | -€29,106 | -27.6% |
| Trade receivables | 40 | €320 | €2,369 | +€2,049 | +641% |
| Other amounts receivable | 41 | €105,290 | €74,134 | -€31,156 | -29.6% |
| Cash at bank and in hand | 54/58 | €5,492 | €7,931 | +€2,439 | +44.4% |
| Deferred charges and accrued income | 490/1 | €1,770 | €4,027 | +€2,257 | +128% |
| Total equity and liabilities | 10/49 | €1,623,097 | €1,595,212 | -€27,885 | -1.7% |
| Equity | 10/15 | €160,734 | €1,428,059 | +€1.3m | +788% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €154,401 | €1,421,727 | +€1.3m | +821% |
| Distributable reserves | 133 | €154,401 | €1,421,727 | +€1.3m | +821% |
| Profit (loss) carried forward | 14 | €135 | €135 | = | 0.0% |
| Amounts payable | 17/49 | €1,462,363 | €167,153 | -€1.3m | -88.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €1,462,363 | €158,353 | -€1.3m | -89.2% |
| Current portion of amounts payable after more than one year | 42 | €17,245 | €0 | -€17,245 | -100% |
| Trade debts | 44 | €122 | €4,734 | +€4,612 | +3,776% |
| Suppliers | 440/4 | €122 | €4,734 | +€4,612 | +3,776% |
| Taxes, remuneration and social security | 45 | €11,758 | €147,157 | +€135,399 | +1,152% |
| Taxes | 450/3 | €10,116 | €146,039 | +€135,924 | +1,344% |
| Remuneration and social security | 454/9 | €1,643 | €1,118 | -€525 | -31.9% |
| Other amounts payable | 47/48 | €1,433,238 | €6,461 | -€1.4m | -99.5% |
| Accrued charges and deferred income | 492/3 | - | €8,800 | +€8,800 | |
| Non-recurring operating income | 76A | - | €6,981 | +€6,981 | |
| Remuneration, social security and pensions | 62 | €9,675 | €9,915 | +€240 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,691 | €51,289 | -€14,402 | -21.9% |
| Other operating charges | 640/8 | €7,026 | €9,308 | +€2,281 | +32.5% |
| Gross operating margin | 9900 | €101,107 | €90,671 | -€10,436 | -10.3% |
| Operating profit (loss) | 9901 | €18,715 | €20,159 | +€1,444 | +7.7% |
| Financial income | 75/76B | €10,314 | €1,507,689 | +€1.5m | +14,517% |
| Recurring financial income | 75 | €10,314 | €1,507,689 | +€1.5m | +14,517% |
| Financial charges | 65/66B | €1,963 | €3,005 | +€1,042 | +53.1% |
| Recurring financial charges | 65 | €1,963 | €3,005 | +€1,042 | +53.1% |
| Profit (loss) for the period before taxes | 9903 | €27,066 | €1,524,844 | +€1.5m | +5,534% |
| Income taxes | 67/77 | €7,745 | €145,060 | +€137,314 | +1,773% |
| Profit (loss) for the period | 9904 | €19,321 | €1,379,784 | +€1.4m | +7,041% |
| Profit (loss) for the period to be appropriated | 9905 | €19,321 | €1,379,784 | +€1.4m | +7,041% |
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 15 October 2026 via checked.be.