THOMATICS: 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.
THOMATICS
Largest movements
- Tangible fixed assets +€616,927
up €616,927 (+2374.9%), from €25,977 to €642,904
of which Land and buildings: +€633,107
- Receivables within one year -€57,439
down €57,439 (-39.6%), from €144,891 to €87,452
of which Trade receivables: -€57,831
- Cash -€20,659
down €20,659 (-89.3%), from €23,143 to €2,484
mainly Investment in fixed assets (net) (-€723,619) and Contributions, distributions and other (-€71,000)
- Current investments -€17,500
down €17,500 (-70.0%), from €25,000 to €7,500
- Debts after one year +€510,951
up €510,951 (+76635.3%), from €667 to €511,617
- Reserves -€85,853
down €85,853 (-43.3%), from €198,203 to €112,350
of which Distributable reserves: -€85,853
- Other debts +€69,996
up €69,996 (+1914.3%), from €3,656 to €73,652
- Current portion of long-term debt +€24,029
up €24,029 (+300.4%), from €8,000 to €32,029
- Tax, wage and social debts -€8,166
down €8,166 (-51.3%), from €15,910 to €7,744
- Depreciation +€88,948
up €88,948 (+501.3%), from €17,744 to €106,692
- Financial income +€25,928
up €25,928 (+386.8%), from €6,703 to €32,631
- Gross operating margin +€21,247
up €21,247 (+39.5%), from €53,767 to €75,014
- Financial charges +€13,633
up €13,633 (+4734.1%), from €288 to €13,921
- Taxes -€10,338
down €10,338 (-97.9%), from €10,564 to €226
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 | €235,841 | €749,897 | +€514,055 | +218.0% |
| Fixed assets | 21/28 | €25,977 | €642,904 | +€616,927 | +2374.9% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €25,977 | €642,904 | +€616,927 | +2374.9% |
| Land and buildings | 22 | - | €633,107 | +€633,107 | |
| Plant, machinery and equipment | 23 | €1,284 | €557 | -€727 | -56.6% |
| Furniture and vehicles | 24 | €19,030 | €4,774 | -€14,256 | -74.9% |
| Other tangible fixed assets | 26 | €5,662 | €4,467 | -€1,196 | -21.1% |
| Current assets | 29/58 | €209,865 | €106,993 | -€102,872 | -49.0% |
| Stocks and contracts in progress | 3 | €14,925 | €9,218 | -€5,707 | -38.2% |
| Stocks | 30/36 | €14,925 | €9,218 | -€5,707 | -38.2% |
| Amounts receivable within one year | 40/41 | €144,891 | €87,452 | -€57,439 | -39.6% |
| Trade receivables | 40 | €139,276 | €81,445 | -€57,831 | -41.5% |
| Other amounts receivable | 41 | €5,615 | €6,007 | +€392 | +7.0% |
| Current investments | 50/53 | €25,000 | €7,500 | -€17,500 | -70.0% |
| Cash at bank and in hand | 54/58 | €23,143 | €2,484 | -€20,659 | -89.3% |
| Deferred charges and accrued income | 490/1 | €1,906 | €339 | -€1,567 | -82.2% |
| Total equity and liabilities | 10/49 | €235,841 | €749,897 | +€514,055 | +218.0% |
| Equity | 10/15 | €198,703 | €110,538 | -€88,164 | -44.4% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €198,203 | €112,350 | -€85,853 | -43.3% |
| Non-distributable reserves | 130/1 | €50 | €50 | = | 0.0% |
| Reserves not available under the articles | 1311 | €50 | €50 | = | 0.0% |
| Distributable reserves | 133 | €198,153 | €112,300 | -€85,853 | -43.3% |
| Profit (loss) carried forward | 14 | - | -€2,312 | -€2,312 | |
| Amounts payable | 17/49 | €37,139 | €639,358 | +€602,220 | +1621.6% |
| Amounts payable after more than one year | 17 | €667 | €511,617 | +€510,951 | +76635.3% |
| Financial debts | 170/4 | €667 | €511,617 | +€510,951 | +76635.3% |
| Amounts payable within one year | 42/48 | €36,343 | €127,696 | +€91,353 | +251.4% |
| Current portion of amounts payable after more than one year | 42 | €8,000 | €32,029 | +€24,029 | +300.4% |
| Trade debts | 44 | €8,778 | €14,271 | +€5,494 | +62.6% |
| Suppliers | 440/4 | €8,778 | €14,271 | +€5,494 | +62.6% |
| Taxes, remuneration and social security | 45 | €15,910 | €7,744 | -€8,166 | -51.3% |
| Taxes | 450/3 | €15,910 | €7,744 | -€8,166 | -51.3% |
| Other amounts payable | 47/48 | €3,656 | €73,652 | +€69,996 | +1914.3% |
| Accrued charges and deferred income | 492/3 | €128 | €45 | -€83 | -65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,744 | €106,692 | +€88,948 | +501.3% |
| Other operating charges | 640/8 | €1,953 | €3,970 | +€2,018 | +103.3% |
| Gross operating margin | 9900 | €53,767 | €75,014 | +€21,247 | +39.5% |
| Operating profit (loss) | 9901 | €34,070 | -€35,648 | -€69,718 | |
| Financial income | 75/76B | €6,703 | €32,631 | +€25,928 | +386.8% |
| Recurring financial income | 75 | €6,703 | €32,631 | +€25,928 | +386.8% |
| Financial charges | 65/66B | €288 | €13,921 | +€13,633 | +4734.1% |
| Recurring financial charges | 65 | €288 | €13,921 | +€13,633 | +4734.1% |
| Profit (loss) for the period before taxes | 9903 | €40,485 | -€16,938 | -€57,423 | |
| Income taxes | 67/77 | €10,564 | €226 | -€10,338 | -97.9% |
| Profit (loss) for the period | 9904 | €29,921 | -€17,164 | -€47,085 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,921 | -€17,164 | -€47,085 |
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 28 September 2026 via checked.be.