THOMSA: 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.
THOMSA
Largest movements
- Current investments -€12,509
down €12,509 (-99.9%), from €12,517 to €8
- Tangible fixed assets -€6,733
down €6,733 (-3.7%), from €183,999 to €177,266
of which Land and buildings: -€6,433
- Cash +€5,337
up €5,337 (+140.2%), from €3,807 to €9,144
mainly Current investments (+€12,509) and Net result for the year (+€8,076)
- Other debts -€8,500
down €8,500 (-9.6%), from €88,237 to €79,737
- Reserves -€6,925
down €6,925 (-15.6%), from €44,460 to €37,535
of which Distributable reserves: -€7,328
- Accrued charges and deferred income -€2,506
down €2,506 (-33.1%), from €7,580 to €5,073
- Trade debts +€2,299
up €2,299 (+320.6%), from €717 to €3,016
- Depreciation -€6,214
down €6,214 (-48.0%), from €12,947 to €6,733
- Financial charges -€2,683
down €2,683 (-33.9%), from €7,914 to €5,231
- Taxes +€2,284
up €2,284 (+560.6%), from €407 to €2,692
- Gross operating margin +€692
up €692 (+2.8%), from €25,137 to €25,830
- Financial income -€346
down €346 (-77.1%), from €449 to €103
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 | €204,176 | €191,759 | -€12,416 | -6.1% |
| Fixed assets | 21/28 | €183,999 | €177,266 | -€6,733 | -3.7% |
| Tangible fixed assets | 22/27 | €183,999 | €177,266 | -€6,733 | -3.7% |
| Land and buildings | 22 | €183,428 | €176,995 | -€6,433 | -3.5% |
| Plant, machinery and equipment | 23 | €571 | €271 | -€300 | -52.5% |
| Current assets | 29/58 | €20,177 | €14,493 | -€5,683 | -28.2% |
| Amounts receivable within one year | 40/41 | €2,758 | €4,231 | +€1,473 | +53.4% |
| Trade receivables | 40 | €1,083 | €2,432 | +€1,349 | +124.6% |
| Other amounts receivable | 41 | €1,676 | €1,799 | +€123 | +7.4% |
| Current investments | 50/53 | €12,517 | €8 | -€12,509 | -99.9% |
| Cash at bank and in hand | 54/58 | €3,807 | €9,144 | +€5,337 | +140.2% |
| Deferred charges and accrued income | 490/1 | €1,095 | €1,110 | +€15 | +1.4% |
| Total equity and liabilities | 10/49 | €204,176 | €191,759 | -€12,416 | -6.1% |
| Equity | 10/15 | €106,460 | €99,535 | -€6,925 | -6.5% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €44,460 | €37,535 | -€6,925 | -15.6% |
| Non-distributable reserves | 130/1 | €1,413 | €1,817 | +€404 | +28.6% |
| Legal reserve | 130 | €1,413 | €1,817 | +€404 | +28.6% |
| Distributable reserves | 133 | €43,047 | €35,718 | -€7,328 | -17.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €97,716 | €92,224 | -€5,492 | -5.6% |
| Amounts payable after more than one year | 17 | €233 | €2,233 | +€2,000 | +858.2% |
| Other amounts payable | 178/9 | €233 | €2,233 | +€2,000 | +858.2% |
| Amounts payable within one year | 42/48 | €89,903 | €84,917 | -€4,986 | -5.5% |
| Trade debts | 44 | €717 | €3,016 | +€2,299 | +320.6% |
| Suppliers | 440/4 | €717 | €3,016 | +€2,299 | +320.6% |
| Taxes, remuneration and social security | 45 | €950 | €2,165 | +€1,216 | +128.0% |
| Taxes | 450/3 | €950 | €2,165 | +€1,216 | +128.0% |
| Other amounts payable | 47/48 | €88,237 | €79,737 | -€8,500 | -9.6% |
| Accrued charges and deferred income | 492/3 | €7,580 | €5,073 | -€2,506 | -33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,947 | €6,733 | -€6,214 | -48.0% |
| Other operating charges | 640/8 | €3,204 | €3,201 | -€3 | -0.1% |
| Gross operating margin | 9900 | €25,137 | €25,830 | +€692 | +2.8% |
| Operating profit (loss) | 9901 | €8,987 | €15,896 | +€6,909 | +76.9% |
| Financial income | 75/76B | €449 | €103 | -€346 | -77.1% |
| Recurring financial income | 75 | €449 | €103 | -€346 | -77.1% |
| Financial charges | 65/66B | €7,914 | €5,231 | -€2,683 | -33.9% |
| Recurring financial charges | 65 | €7,914 | €5,231 | -€2,683 | -33.9% |
| Profit (loss) for the period before taxes | 9903 | €1,522 | €10,767 | +€9,245 | +607.3% |
| Income taxes | 67/77 | €407 | €2,692 | +€2,284 | +560.6% |
| Profit (loss) for the period | 9904 | €1,115 | €8,076 | +€6,961 | +624.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,115 | €8,076 | +€6,961 | +624.3% |
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 3 October 2026 via checked.be.