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THOMOB: 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.

What changed

THOMOB

BE 0739.780.891
NACE 47.632, Retail sale of bicycles
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€44,909
2024 · €86,572-€41,663
Equity
€318,922
2024 · €274,013+€44,909
Cash
€565,453
2024 · €372,481+€192,972
Balance sheet total
€1.7m
2024 · €1.3m+€340,852

Largest movements

2024 to 2025
Assets
  • Cash +€192,972

    up €192,972 (+51.8%), from €372,481 to €565,453

    mainly Trade debts (+€487,728) and Receivables within one year (+€68,311)

  • Stocks and contracts +€125,432

    up €125,432 (+22.0%), from €569,371 to €694,803

  • Tangible fixed assets +€88,431

    up €88,431 (+141.7%), from €62,405 to €150,836

    of which Furniture and vehicles: +€48,200

  • Receivables within one year -€68,311

    down €68,311 (-24.3%), from €281,389 to €213,078

    of which Other amounts receivable: -€60,569

Equity and liabilities
  • Trade debts +€487,728

    up €487,728 (+98.9%), from €492,938 to €980,667

  • Other debts -€130,000

    no longer reported in 2025 (was €130,000)

  • Debts after one year -€49,604

    down €49,604 (-16.2%), from €305,303 to €255,700

  • Reserves +€44,909

    up €44,909 (+17.0%), from €264,013 to €308,922

Income statement
  • Staff costs +€86,136

    up €86,136 (+90.7%), from €94,987 to €181,123

  • Gross operating margin +€41,882

    up €41,882 (+15.7%), from €266,875 to €308,758

  • Taxes -€11,190

    down €11,190 (-47.8%), from €23,433 to €12,244

  • Depreciation +€4,635

    up €4,635 (+11.0%), from €42,219 to €46,854

From the 2024 result to the 2025 result

effect on the 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 €86,572
Gross operating margin +€41,882
Staff costs -€86,136
Depreciation -€4,635
Other operating charges -€2,218
Financial income +€353
Financial charges -€2,099
Taxes +€11,190
Result 2025 €44,909

Cash bridge derived

cash 2024 to 2025

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 +€388,490
Investment -€135,861
Financing -€59,658
Cash 2024 €372,481
Net result for the year +€44,909
Depreciation +€46,854
Stocks and contracts -€125,432
Receivables within one year +€68,311
Deferred charges and accrued income -€1,752
Trade debts +€487,728
Tax, wage and social debts -€277
Other debts -€130,000
Accrued charges and deferred income -€1,850
Investment in fixed assets (net) -€135,861
Debts after one year -€49,604
Current portion of long-term debt -€10,054
Cash 2025 €565,453
Every line side by side 46 lines
Line Code 2024 2025 Change %
Total assets 20/58 €1,318,249 €1,659,101 +€340,852 +25.9%
Fixed assets 21/28 €90,490 €179,498 +€89,007 +98.4%
Intangible fixed assets 21 €28,086 €13,662 -€14,424 -51.4%
Tangible fixed assets 22/27 €62,405 €150,836 +€88,431 +141.7%
Land and buildings 22 €28,323 €59,102 +€30,779 +108.7%
Plant, machinery and equipment 23 €10,005 €19,456 +€9,452 +94.5%
Furniture and vehicles 24 €24,077 €72,277 +€48,200 +200.2%
Financial fixed assets 28 - €15,000 +€15,000
Current assets 29/58 €1,227,759 €1,479,604 +€251,845 +20.5%
Stocks and contracts in progress 3 €569,371 €694,803 +€125,432 +22.0%
Stocks 30/36 €569,371 €694,803 +€125,432 +22.0%
Amounts receivable within one year 40/41 €281,389 €213,078 -€68,311 -24.3%
Trade receivables 40 €176,371 €168,629 -€7,742 -4.4%
Other amounts receivable 41 €105,017 €44,449 -€60,569 -57.7%
Cash at bank and in hand 54/58 €372,481 €565,453 +€192,972 +51.8%
Deferred charges and accrued income 490/1 €4,518 €6,270 +€1,752 +38.8%
Total equity and liabilities 10/49 €1,318,249 €1,659,101 +€340,852 +25.9%
Equity 10/15 €274,013 €318,922 +€44,909 +16.4%
Contributions 10/11 €10,000 €10,000 = 0.0%
Reserves 13 €264,013 €308,922 +€44,909 +17.0%
Distributable reserves 133 €264,013 €308,922 +€44,909 +17.0%
Amounts payable 17/49 €1,044,236 €1,340,180 +€295,944 +28.3%
Amounts payable after more than one year 17 €305,303 €255,700 -€49,604 -16.2%
Financial debts 170/4 €305,303 €255,700 -€49,604 -16.2%
Amounts payable within one year 42/48 €737,083 €1,084,480 +€347,397 +47.1%
Current portion of amounts payable after more than one year 42 €59,658 €49,604 -€10,054 -16.9%
Trade debts 44 €492,938 €980,667 +€487,728 +98.9%
Suppliers 440/4 €492,938 €980,667 +€487,728 +98.9%
Taxes, remuneration and social security 45 €54,487 €54,210 -€277 -0.5%
Taxes 450/3 €38,932 €24,957 -€13,976 -35.9%
Remuneration and social security 454/9 €15,555 €29,253 +€13,698 +88.1%
Other amounts payable 47/48 €130,000 - -€130,000
Accrued charges and deferred income 492/3 €1,850 - -€1,850
Remuneration, social security and pensions 62 €94,987 €181,123 +€86,136 +90.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €42,219 €46,854 +€4,635 +11.0%
Other operating charges 640/8 €5,094 €7,312 +€2,218 +43.5%
Gross operating margin 9900 €266,875 €308,758 +€41,882 +15.7%
Operating profit (loss) 9901 €124,576 €73,469 -€51,107 -41.0%
Financial income 75/76B €4,473 €4,826 +€353 +7.9%
Recurring financial income 75 €4,473 €4,826 +€353 +7.9%
Financial charges 65/66B €19,043 €21,142 +€2,099 +11.0%
Recurring financial charges 65 €19,043 €21,142 +€2,099 +11.0%
Profit (loss) for the period before taxes 9903 €110,006 €57,153 -€52,853 -48.0%
Income taxes 67/77 €23,433 €12,244 -€11,190 -47.8%
Profit (loss) for the period 9904 €86,572 €44,909 -€41,663 -48.1%
Profit (loss) for the period to be appropriated 9905 €86,572 €44,909 -€41,663 -48.1%

Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.