THOMAS TRAINING & COACHING: 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 TRAINING & COACHING
Largest movements
- Cash +€174,580
up €174,580 (+786%), from €22,213 to €196,793
mainly Current investments (+€90,674) and Net result for the year (+€73,374)
- Current investments -€90,674
down €90,674 (-21.8%), from €416,361 to €325,687
- Tangible fixed assets -€31,276
down €31,276 (-26.7%), from €117,016 to €85,741
of which Land and buildings: -€18,237
- Receivables within one year -€17,814
down €17,814 (-49.4%), from €36,082 to €18,268
of which Trade receivables: -€20,670
- Reserves +€71,708
up €71,708 (+16.0%), from €448,816 to €520,524
- Tax, wage and social debts -€10,836
down €10,836 (-81.7%), from €13,256 to €2,420
- Accrued charges and deferred income -€10,551
no longer reported in 2025 (was €10,551)
- Trade debts -€9,872
down €9,872 (-61.2%), from €16,140 to €6,267
- Debts after one year -€9,112
down €9,112 (-74.9%), from €12,165 to €3,053
- Gross operating margin -€33,389
down €33,389 (-17.7%), from €188,273 to €154,884
- Taxes -€13,785
down €13,785 (-33.3%), from €41,419 to €27,634
- Financial income -€4,318
down €4,318 (-68.2%), from €6,333 to €2,014
- Depreciation +€2,373
up €2,373 (+4.7%), from €50,253 to €52,627
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 | €593,484 | €628,577 | +€35,093 | +5.9% |
| Fixed assets | 21/28 | €117,016 | €85,741 | -€31,276 | -26.7% |
| Tangible fixed assets | 22/27 | €117,016 | €85,741 | -€31,276 | -26.7% |
| Land and buildings | 22 | €82,969 | €64,732 | -€18,237 | -22.0% |
| Plant, machinery and equipment | 23 | €4,419 | €2,102 | -€2,317 | -52.4% |
| Furniture and vehicles | 24 | €29,628 | €18,906 | -€10,722 | -36.2% |
| Current assets | 29/58 | €476,468 | €542,836 | +€66,369 | +13.9% |
| Amounts receivable within one year | 40/41 | €36,082 | €18,268 | -€17,814 | -49.4% |
| Trade receivables | 40 | €35,443 | €14,772 | -€20,670 | -58.3% |
| Other amounts receivable | 41 | €639 | €3,496 | +€2,856 | +447% |
| Current investments | 50/53 | €416,361 | €325,687 | -€90,674 | -21.8% |
| Cash at bank and in hand | 54/58 | €22,213 | €196,793 | +€174,580 | +786% |
| Deferred charges and accrued income | 490/1 | €1,812 | €2,088 | +€276 | +15.2% |
| Total equity and liabilities | 10/49 | €593,484 | €628,577 | +€35,093 | +5.9% |
| Equity | 10/15 | €458,816 | €530,524 | +€71,708 | +15.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €448,816 | €520,524 | +€71,708 | +16.0% |
| Distributable reserves | 133 | €448,816 | €520,524 | +€71,708 | +16.0% |
| Provisions and deferred taxes | 16 | €71,279 | €71,279 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €71,279 | €71,279 | = | 0.0% |
| Pensions and similar obligations | 160 | €71,279 | €71,279 | = | 0.0% |
| Amounts payable | 17/49 | €63,388 | €26,773 | -€36,615 | -57.8% |
| Amounts payable after more than one year | 17 | €12,165 | €3,053 | -€9,112 | -74.9% |
| Financial debts | 170/4 | €12,165 | €3,053 | -€9,112 | -74.9% |
| Amounts payable within one year | 42/48 | €40,672 | €23,721 | -€16,952 | -41.7% |
| Current portion of amounts payable after more than one year | 42 | €9,044 | €9,112 | +€68 | +0.7% |
| Financial debts | 43 | €25 | €22 | -€2 | -9.4% |
| Credit institutions | 430/8 | €25 | €22 | -€2 | -9.4% |
| Trade debts | 44 | €16,140 | €6,267 | -€9,872 | -61.2% |
| Suppliers | 440/4 | €16,140 | €6,267 | -€9,872 | -61.2% |
| Taxes, remuneration and social security | 45 | €13,256 | €2,420 | -€10,836 | -81.7% |
| Taxes | 450/3 | €13,256 | €2,420 | -€10,836 | -81.7% |
| Other amounts payable | 47/48 | €2,208 | €5,899 | +€3,691 | +167% |
| Accrued charges and deferred income | 492/3 | €10,551 | - | -€10,551 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,253 | €52,627 | +€2,373 | +4.7% |
| Other operating charges | 640/8 | €3,109 | €2,759 | -€350 | -11.3% |
| Gross operating margin | 9900 | €188,273 | €154,884 | -€33,389 | -17.7% |
| Operating profit (loss) | 9901 | €134,911 | €99,498 | -€35,413 | -26.2% |
| Financial income | 75/76B | €6,333 | €2,014 | -€4,318 | -68.2% |
| Recurring financial income | 75 | €6,333 | €2,014 | -€4,318 | -68.2% |
| Financial charges | 65/66B | €927 | €505 | -€422 | -45.6% |
| Recurring financial charges | 65 | €927 | €505 | -€422 | -45.6% |
| Profit (loss) for the period before taxes | 9903 | €140,316 | €101,008 | -€39,308 | -28.0% |
| Income taxes | 67/77 | €41,419 | €27,634 | -€13,785 | -33.3% |
| Profit (loss) for the period | 9904 | €98,898 | €73,374 | -€25,524 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | €98,898 | €73,374 | -€25,524 | -25.8% |
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 31 October 2026 via checked.be.