THOMASECO: 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.
THOMASECO
Largest movements
- Cash -€6,531
down €6,531 (-15.4%), from €42,339 to €35,808
mainly Tax, wage and social debts (-€8,713) and Current portion of long-term debt (-€5,095)
- Tangible fixed assets -€4,288
down €4,288 (-33.3%), from €12,860 to €8,572
- Receivables within one year -€1,712
down €1,712 (-17.2%), from €9,965 to €8,252
of which Other amounts receivable: -€2,097
- Tax, wage and social debts -€8,713
down €8,713 (-89.0%), from €9,790 to €1,077
- Current portion of long-term debt -€5,095
no longer reported in 2025 (was €5,095)
- Profit (loss) carried forward +€3,232
up €3,232 (+7.4%), from €43,608 to €46,841
- Trade debts -€2,209
down €2,209 (-96.6%), from €2,287 to €77
- Purchases and services -€19,482
down €19,482 (-20.6%), from €94,577 to €75,095
- Gross operating margin +€9,800
up €9,800 (+353.1%), from €2,775 to €12,575
- Turnover -€6,866
down €6,866 (-7.3%), from €94,537 to €87,670
- Taxes +€1,088
up €1,088 (+154.0%), from €707 to €1,795
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 | €65,781 | €52,995 | -€12,786 | -19.4% |
| Formation expenses | 20 | €249 | €0 | -€249 | -100.0% |
| Fixed assets | 21/28 | €12,860 | €8,572 | -€4,288 | -33.3% |
| Tangible fixed assets | 22/27 | €12,860 | €8,572 | -€4,288 | -33.3% |
| Furniture and vehicles | 24 | €12,860 | €8,572 | -€4,288 | -33.3% |
| Current assets | 29/58 | €52,671 | €44,423 | -€8,248 | -15.7% |
| Amounts receivable after more than one year | 29 | €368 | €363 | -€5 | -1.3% |
| Other amounts receivable | 291 | €368 | €363 | -€5 | -1.3% |
| Amounts receivable within one year | 40/41 | €9,965 | €8,252 | -€1,712 | -17.2% |
| Trade receivables | 40 | €3,257 | €3,642 | +€384 | +11.8% |
| Other amounts receivable | 41 | €6,707 | €4,611 | -€2,097 | -31.3% |
| Cash at bank and in hand | 54/58 | €42,339 | €35,808 | -€6,531 | -15.4% |
| Total equity and liabilities | 10/49 | €65,781 | €52,995 | -€12,786 | -19.4% |
| Equity | 10/15 | €48,608 | €51,841 | +€3,232 | +6.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,608 | €46,841 | +€3,232 | +7.4% |
| Amounts payable | 17/49 | €17,172 | €1,155 | -€16,018 | -93.3% |
| Amounts payable within one year | 42/48 | €17,172 | €1,155 | -€16,018 | -93.3% |
| Current portion of amounts payable after more than one year | 42 | €5,095 | - | -€5,095 | |
| Trade debts | 44 | €2,287 | €77 | -€2,209 | -96.6% |
| Suppliers | 440/4 | €2,287 | €77 | -€2,209 | -96.6% |
| Taxes, remuneration and social security | 45 | €9,790 | €1,077 | -€8,713 | -89.0% |
| Taxes | 450/3 | €9,790 | €1,077 | -€8,713 | -89.0% |
| Turnover | 70 | €94,537 | €87,670 | -€6,866 | -7.3% |
| Non-recurring operating income | 76A | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €94,577 | €75,095 | -€19,482 | -20.6% |
| Remuneration, social security and pensions | 62 | €3,119 | €3,117 | -€2 | -0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,536 | €4,537 | +€1 | 0.0% |
| Other operating charges | 640/8 | €191 | €0 | -€191 | -99.9% |
| Gross operating margin | 9900 | €2,775 | €12,575 | +€9,800 | +353.1% |
| Operating profit (loss) | 9901 | -€5,071 | €4,921 | +€9,992 | |
| Financial income | 75/76B | €164 | €199 | +€35 | +21.5% |
| Recurring financial income | 75 | €164 | €199 | +€35 | +21.5% |
| Financial charges | 65/66B | €97 | €93 | -€4 | -3.9% |
| Recurring financial charges | 65 | €97 | €93 | -€4 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | -€5,004 | €5,027 | +€10,031 | |
| Income taxes | 67/77 | €707 | €1,795 | +€1,088 | +154.0% |
| Profit (loss) for the period | 9904 | -€5,711 | €3,232 | +€8,943 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,711 | €3,232 | +€8,943 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.