THOMINVEST: 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.
What changed
THOMINVEST
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€33,515
2024 · €317,126-€283,611
Equity
€976,467
2024 · €942,952+€33,515
Cash
€37,404
2024 · €60,549-€23,145
Balance sheet total
€3.3m
2024 · €3.5m-€137,855
Largest movements
Assets
- Tangible fixed assets -€149,945
down €149,945 (-4.6%), from €3.3m to €3.1m
of which Land and buildings: -€137,356
- Stocks and contracts +€34,955
up €34,955 (+160%), from €21,847 to €56,801
Equity and liabilities
- Debts after one year -€165,135
down €165,135 (-8.7%), from €1.9m to €1.7m
Income statement
- Gross operating margin -€352,189
down €352,189 (-54.6%), from €644,496 to €292,307
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.
Result 2024
€317,126
Gross operating margin
-€352,189
Other operating charges
-€191
Financial income
-€100
Financial charges
-€1,825
Taxes
+€1,061
Deferred taxes and other
+€69,634
Result 2025
€33,515
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€156,526
Investment
€0
Financing
-€179,670
Cash 2024
€60,549
From operations (derived)
+€156,526
Net result for the year
+€33,515
Depreciation
+€149,945
Stocks and contracts
-€34,955
Smaller working-capital items
-€280
Trade debts
+€415
Tax, wage and social debts
-€33,083
Other debts
+€15,865
Accrued charges and deferred income
+€25,103
Financing
-€179,670
Debts after one year
-€165,135
Current portion of long-term debt
-€14,535
Cash 2025
€37,404
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,453,335 | €3,315,480 | -€137,855 | -4.0% |
| Fixed assets | 21/28 | €3,323,794 | €3,173,849 | -€149,945 | -4.5% |
| Tangible fixed assets | 22/27 | €3,267,046 | €3,117,101 | -€149,945 | -4.6% |
| Land and buildings | 22 | €3,233,117 | €3,095,760 | -€137,356 | -4.2% |
| Plant, machinery and equipment | 23 | €26,860 | €17,091 | -€9,769 | -36.4% |
| Furniture and vehicles | 24 | €7,069 | €4,250 | -€2,820 | -39.9% |
| Financial fixed assets | 28 | €56,748 | €56,748 | = | 0.0% |
| Current assets | 29/58 | €129,541 | €141,631 | +€12,090 | +9.3% |
| Stocks and contracts in progress | 3 | €21,847 | €56,801 | +€34,955 | +160% |
| Stocks | 30/36 | €21,847 | €56,801 | +€34,955 | +160% |
| Amounts receivable within one year | 40/41 | €42,653 | €42,734 | +€81 | +0.2% |
| Trade receivables | 40 | €32,403 | €31,174 | -€1,229 | -3.8% |
| Other amounts receivable | 41 | €10,250 | €11,560 | +€1,310 | +12.8% |
| Cash at bank and in hand | 54/58 | €60,549 | €37,404 | -€23,145 | -38.2% |
| Deferred charges and accrued income | 490/1 | €4,493 | €4,691 | +€199 | +4.4% |
| Total equity and liabilities | 10/49 | €3,453,335 | €3,315,480 | -€137,855 | -4.0% |
| Equity | 10/15 | €942,952 | €976,467 | +€33,515 | +3.6% |
| Contributions | 10/11 | €260,000 | €260,000 | = | 0.0% |
| Capital | 10 | €260,000 | €260,000 | = | 0.0% |
| Issued capital | 100 | €260,000 | €260,000 | = | 0.0% |
| Reserves | 13 | €713,906 | €716,356 | +€2,450 | +0.3% |
| Non-distributable reserves | 130/1 | €24,260 | €24,260 | = | 0.0% |
| Legal reserve | 130 | €24,260 | €24,260 | = | 0.0% |
| Tax-exempt reserves | 132 | €278,536 | €278,536 | = | 0.0% |
| Distributable reserves | 133 | €411,110 | €413,560 | +€2,450 | +0.6% |
| Profit (loss) carried forward | 14 | -€30,954 | €111 | +€31,065 | |
| Provisions and deferred taxes | 16 | €69,634 | €69,634 | = | 0.0% |
| Deferred taxes | 168 | €69,634 | €69,634 | = | 0.0% |
| Amounts payable | 17/49 | €2,440,750 | €2,269,380 | -€171,370 | -7.0% |
| Amounts payable after more than one year | 17 | €1,891,667 | €1,726,532 | -€165,135 | -8.7% |
| Financial debts | 170/4 | €1,891,667 | €1,726,532 | -€165,135 | -8.7% |
| Amounts payable within one year | 42/48 | €538,886 | €507,548 | -€31,337 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €198,748 | €184,213 | -€14,535 | -7.3% |
| Trade debts | 44 | €2,835 | €3,250 | +€415 | +14.6% |
| Suppliers | 440/4 | €2,835 | €3,250 | +€415 | +14.6% |
| Taxes, remuneration and social security | 45 | €53,027 | €19,944 | -€33,083 | -62.4% |
| Taxes | 450/3 | €27,027 | €16,944 | -€10,083 | -37.3% |
| Remuneration and social security | 454/9 | €26,000 | €3,000 | -€23,000 | -88.5% |
| Other amounts payable | 47/48 | €284,276 | €300,141 | +€15,865 | +5.6% |
| Accrued charges and deferred income | 492/3 | €10,197 | €35,300 | +€25,103 | +246% |
| Non-recurring operating income | 76A | €348,170 | - | -€348,170 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €149,945 | €149,945 | = | 0.0% |
| Other operating charges | 640/8 | €36,844 | €37,035 | +€191 | +0.5% |
| Gross operating margin | 9900 | €644,496 | €292,307 | -€352,189 | -54.6% |
| Operating profit (loss) | 9901 | €457,708 | €105,327 | -€352,381 | -77.0% |
| Financial income | 75/76B | €1,085 | €985 | -€100 | -9.2% |
| Recurring financial income | 75 | €1,085 | €985 | -€100 | -9.2% |
| Financial charges | 65/66B | €62,282 | €64,108 | +€1,825 | +2.9% |
| Recurring financial charges | 65 | €62,282 | €64,108 | +€1,825 | +2.9% |
| Profit (loss) for the period before taxes | 9903 | €396,511 | €42,205 | -€354,306 | -89.4% |
| Transfer to deferred taxes | 680 | €69,634 | - | -€69,634 | |
| Income taxes | 67/77 | €9,751 | €8,690 | -€1,061 | -10.9% |
| Profit (loss) for the period | 9904 | €317,126 | €33,515 | -€283,611 | -89.4% |
| Transfer to tax-exempt reserves | 689 | €278,536 | - | -€278,536 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,590 | €33,515 | -€5,075 | -13.2% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.