THONE: 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.
THONE
Largest movements
- Receivables within one year -€10,014
down €10,014 (-50.3%), from €19,907 to €9,893
- Cash +€6,231
new in 2025: €6,231
mainly Net result for the year (+€16,228) and Receivables within one year (+€10,014)
- Tangible fixed assets +€2,721
up €2,721 (+259%), from €1,051 to €3,772
- Reserves +€16,228
up €16,228 (+185%), from €8,769 to €24,998
- Debts after one year -€10,195
down €10,195 (-17.3%), from €58,795 to €48,600
- Other debts -€7,735
down €7,735 (-42.4%), from €18,230 to €10,495
- Tax, wage and social debts +€6,543
up €6,543 (+83.1%), from €7,876 to €14,419
- Short-term financial debts -€2,892
down €2,892 (-100%), from €2,892 to €0
- Gross operating margin +€13,359
up €13,359 (+83.2%), from €16,065 to €29,424
- Taxes +€4,668
up €4,668 (+160%), from €2,924 to €7,592
- Other operating charges +€1,365
up €1,365 (+2,731%), from €50 to €1,415
- Financial charges -€331
down €331 (-7.9%), from €4,195 to €3,864
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 | €122,645 | €122,578 | -€67 | -0.1% |
| Fixed assets | 21/28 | €102,738 | €105,459 | +€2,721 | +2.6% |
| Tangible fixed assets | 22/27 | €1,051 | €3,772 | +€2,721 | +259% |
| Furniture and vehicles | 24 | €1,051 | €3,772 | +€2,721 | +259% |
| Financial fixed assets | 28 | €101,688 | €101,688 | = | 0.0% |
| Current assets | 29/58 | €19,907 | €17,119 | -€2,788 | -14.0% |
| Amounts receivable within one year | 40/41 | €19,907 | €9,893 | -€10,014 | -50.3% |
| Trade receivables | 40 | €19,907 | €9,893 | -€10,014 | -50.3% |
| Cash at bank and in hand | 54/58 | - | €6,231 | +€6,231 | |
| Deferred charges and accrued income | 490/1 | - | €995 | +€995 | |
| Total equity and liabilities | 10/49 | €122,645 | €122,578 | -€67 | -0.1% |
| Equity | 10/15 | €13,769 | €29,998 | +€16,228 | +118% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,769 | €24,998 | +€16,228 | +185% |
| Distributable reserves | 133 | €8,769 | €24,998 | +€16,228 | +185% |
| Amounts payable | 17/49 | €108,876 | €92,580 | -€16,296 | -15.0% |
| Amounts payable after more than one year | 17 | €58,795 | €48,600 | -€10,195 | -17.3% |
| Financial debts | 170/4 | €58,795 | €48,600 | -€10,195 | -17.3% |
| Amounts payable within one year | 42/48 | €48,542 | €42,680 | -€5,862 | -12.1% |
| Current portion of amounts payable after more than one year | 42 | €9,841 | €10,195 | +€355 | +3.6% |
| Financial debts | 43 | €2,892 | €0 | -€2,892 | -100% |
| Credit institutions | 430/8 | €2,892 | €0 | -€2,892 | -100% |
| Trade debts | 44 | €9,704 | €7,570 | -€2,134 | -22.0% |
| Suppliers | 440/4 | €9,704 | €7,570 | -€2,134 | -22.0% |
| Taxes, remuneration and social security | 45 | €7,876 | €14,419 | +€6,543 | +83.1% |
| Taxes | 450/3 | €7,876 | €14,419 | +€6,543 | +83.1% |
| Other amounts payable | 47/48 | €18,230 | €10,495 | -€7,735 | -42.4% |
| Accrued charges and deferred income | 492/3 | €1,539 | €1,301 | -€238 | -15.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €131 | €324 | +€193 | +147% |
| Other operating charges | 640/8 | €50 | €1,415 | +€1,365 | +2,731% |
| Gross operating margin | 9900 | €16,065 | €29,424 | +€13,359 | +83.2% |
| Operating profit (loss) | 9901 | €15,883 | €27,684 | +€11,801 | +74.3% |
| Financial income | 75/76B | €5 | €0 | -€5 | -100% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -100% |
| Financial charges | 65/66B | €4,195 | €3,864 | -€331 | -7.9% |
| Recurring financial charges | 65 | €4,195 | €3,864 | -€331 | -7.9% |
| Profit (loss) for the period before taxes | 9903 | €11,694 | €23,820 | +€12,126 | +104% |
| Income taxes | 67/77 | €2,924 | €7,592 | +€4,668 | +160% |
| Profit (loss) for the period | 9904 | €8,769 | €16,228 | +€7,459 | +85.1% |
| Profit (loss) for the period to be appropriated | 9905 | €8,769 | €16,228 | +€7,459 | +85.1% |
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 23 October 2026 via checked.be.