Thoms: 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.
Thoms
Largest movements
- Stocks and contracts +€521,387
up €521,387 (+60.5%), from €862,436 to €1.4m
- Cash +€206,951
up €206,951 (+797%), from €25,956 to €232,907
mainly Short-term financial debts (+€937,958) and Other debts (+€120,602)
- Receivables within one year +€62,050
up €62,050, from €0 to €62,050
- Short-term financial debts +€937,958
up €937,958, from €0 to €937,958
- Profit (loss) carried forward -€128,794
down €128,794 (-46.7%), from -€275,720 to -€404,514
- Other debts +€120,602
up €120,602 (+38.6%), from €312,273 to €432,874
- Debts after one year -€80,920
down €80,920 (-12.0%), from €671,650 to €590,730
- Trade debts -€69,712
down €69,712 (-40.2%), from €173,430 to €103,718
- Gross operating margin -€146,955
down €146,955, from €84,549 to -€62,407
- Other operating charges +€2,414
up €2,414 (+40.6%), from €5,942 to €8,355
- Financial charges +€1,553
up €1,553 (+3.5%), from €44,283 to €45,836
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €922,067 | €1,697,941 | +€775,874 | +84.1% |
| Fixed assets | 21/28 | €29,767 | €17,625 | -€12,142 | -40.8% |
| Tangible fixed assets | 22/27 | €29,767 | €17,425 | -€12,342 | -41.5% |
| Plant, machinery and equipment | 23 | €3,512 | €2,707 | -€805 | -22.9% |
| Furniture and vehicles | 24 | €26,255 | €14,718 | -€11,537 | -43.9% |
| Financial fixed assets | 28 | - | €200 | +€200 | |
| Current assets | 29/58 | €892,301 | €1,680,316 | +€788,016 | +88.3% |
| Stocks and contracts in progress | 3 | €862,436 | €1,383,823 | +€521,387 | +60.5% |
| Stocks | 30/36 | €862,436 | €1,383,823 | +€521,387 | +60.5% |
| Amounts receivable within one year | 40/41 | €0 | €62,050 | +€62,050 | |
| Other amounts receivable | 41 | €0 | €62,050 | +€62,050 | |
| Cash at bank and in hand | 54/58 | €25,956 | €232,907 | +€206,951 | +797% |
| Deferred charges and accrued income | 490/1 | €3,909 | €1,537 | -€2,373 | -60.7% |
| Total equity and liabilities | 10/49 | €922,067 | €1,697,941 | +€775,874 | +84.1% |
| Equity | 10/15 | -€249,800 | -€378,594 | -€128,794 | -51.6% |
| Contributions | 10/11 | €25,920 | €25,920 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€275,720 | -€404,514 | -€128,794 | -46.7% |
| Amounts payable | 17/49 | €1,171,867 | €2,076,536 | +€904,668 | +77.2% |
| Amounts payable after more than one year | 17 | €671,650 | €590,730 | -€80,920 | -12.0% |
| Other amounts payable | 178/9 | €671,650 | €590,730 | -€80,920 | -12.0% |
| Amounts payable within one year | 42/48 | €500,217 | €1,475,630 | +€975,413 | +195% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €0 | €937,958 | +€937,958 | |
| Credit institutions | 430/8 | €0 | €937,958 | +€937,958 | |
| Trade debts | 44 | €173,430 | €103,718 | -€69,712 | -40.2% |
| Suppliers | 440/4 | €173,430 | €103,718 | -€69,712 | -40.2% |
| Taxes, remuneration and social security | 45 | €14,514 | €1,079 | -€13,435 | -92.6% |
| Taxes | 450/3 | €14,514 | €1,079 | -€13,435 | -92.6% |
| Other amounts payable | 47/48 | €312,273 | €432,874 | +€120,602 | +38.6% |
| Accrued charges and deferred income | 492/3 | €0 | €10,176 | +€10,176 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,165 | €12,342 | +€177 | +1.5% |
| Other operating charges | 640/8 | €5,942 | €8,355 | +€2,414 | +40.6% |
| Gross operating margin | 9900 | €84,549 | -€62,407 | -€146,955 | |
| Operating profit (loss) | 9901 | €66,442 | -€83,104 | -€149,546 | |
| Financial income | 75/76B | €0 | €145 | +€145 | +484,367% |
| Recurring financial income | 75 | €0 | €145 | +€145 | +484,367% |
| Financial charges | 65/66B | €44,283 | €45,836 | +€1,553 | +3.5% |
| Recurring financial charges | 65 | €44,283 | €45,836 | +€1,553 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €22,160 | -€128,794 | -€150,954 | |
| Profit (loss) for the period | 9904 | €22,160 | -€128,794 | -€150,954 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,160 | -€128,794 | -€150,954 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.