THOMASIS: 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.
THOMASIS
Largest movements
- Cash -€54,887
down €54,887 (-47.2%), from €116,323 to €61,437
- Tangible fixed assets -€18,540
down €18,540 (-3.1%), from €598,586 to €580,046
of which Land and buildings: -€18,540
- Receivables within one year -€10,000
down €10,000 (-96.5%), from €10,368 to €368
of which Trade receivables: -€10,368
- Debts after one year -€120,000
down €120,000 (-54.5%), from €220,000 to €100,000
- Reserves +€38,289
up €38,289 (+19.3%), from €198,872 to €237,161
of which Distributable reserves: +€23,734
- Gross operating margin +€13,907
up €13,907 (+21.6%), from €64,274 to €78,181
- Depreciation +€10,328
up €10,328 (+83.6%), from €12,354 to €22,682
- Taxes -€3,060
down €3,060 (-18.7%), from €16,384 to €13,324
- Other operating charges +€2,781
up €2,781 (+364.5%), from €763 to €3,544
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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €726,581 | €642,014 | -€84,567 | -11.6% |
| Fixed assets | 21/28 | €598,586 | €580,046 | -€18,540 | -3.1% |
| Tangible fixed assets | 22/27 | €598,586 | €580,046 | -€18,540 | -3.1% |
| Land and buildings | 22 | €598,586 | €580,046 | -€18,540 | -3.1% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €127,995 | €61,967 | -€66,028 | -51.6% |
| Amounts receivable within one year | 40/41 | €10,368 | €368 | -€10,000 | -96.5% |
| Trade receivables | 40 | €10,368 | €0 | -€10,368 | -100.0% |
| Other amounts receivable | 41 | €0 | €368 | +€368 | |
| Cash at bank and in hand | 54/58 | €116,323 | €61,437 | -€54,887 | -47.2% |
| Deferred charges and accrued income | 490/1 | €1,303 | €163 | -€1,141 | -87.5% |
| Total equity and liabilities | 10/49 | €726,581 | €642,014 | -€84,567 | -11.6% |
| Equity | 10/15 | €497,372 | €535,661 | +€38,289 | +7.7% |
| Contributions | 10/11 | €298,500 | €298,500 | = | 0.0% |
| Reserves | 13 | €198,872 | €237,161 | +€38,289 | +19.3% |
| Non-distributable reserves | 130/1 | - | €14,555 | +€14,555 | |
| Reserves not available under the articles | 1311 | - | €14,555 | +€14,555 | |
| Distributable reserves | 133 | €198,872 | €222,606 | +€23,734 | +11.9% |
| Amounts payable | 17/49 | €229,209 | €106,353 | -€122,856 | -53.6% |
| Amounts payable after more than one year | 17 | €220,000 | €100,000 | -€120,000 | -54.5% |
| Financial debts | 170/4 | €220,000 | €100,000 | -€120,000 | -54.5% |
| Amounts payable within one year | 42/48 | €8,146 | €6,353 | -€1,794 | -22.0% |
| Trade debts | 44 | €3,660 | €2,420 | -€1,240 | -33.9% |
| Suppliers | 440/4 | €3,660 | €2,420 | -€1,240 | -33.9% |
| Taxes, remuneration and social security | 45 | €4,487 | €3,933 | -€554 | -12.3% |
| Taxes | 450/3 | €4,487 | €3,933 | -€554 | -12.3% |
| Accrued charges and deferred income | 492/3 | €1,062 | €0 | -€1,062 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,354 | €22,682 | +€10,328 | +83.6% |
| Other operating charges | 640/8 | €763 | €3,544 | +€2,781 | +364.5% |
| Gross operating margin | 9900 | €64,274 | €78,181 | +€13,907 | +21.6% |
| Operating profit (loss) | 9901 | €51,157 | €51,955 | +€798 | +1.6% |
| Financial charges | 65/66B | €193 | €342 | +€149 | +77.6% |
| Recurring financial charges | 65 | €193 | €342 | +€149 | +77.6% |
| Profit (loss) for the period before taxes | 9903 | €50,964 | €51,613 | +€649 | +1.3% |
| Income taxes | 67/77 | €16,384 | €13,324 | -€3,060 | -18.7% |
| Profit (loss) for the period | 9904 | €34,580 | €38,289 | +€3,709 | +10.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,580 | €38,289 | +€3,709 | +10.7% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.