THONNART MED: what changed
What changed
THONNART MED
filed annual accounts (NBB)
Net result for the year
€262,367
2024 · €221,388+€40,978
Equity
€408,094
2024 · €222,602+€185,492
Cash
€270,908
2024 · €183,765+€87,143
Balance sheet total
€464,569
2024 · €282,645+€181,923
Largest movements
Assets
- Cash +€87,143
up €87,143 (+47.4%), from €183,765 to €270,908
mainly Net result for the year (+€262,367) and Depreciation (+€10,893)
- Receivables within one year +€67,670
up €67,670 (+108%), from €62,703 to €130,374
- Current investments +€23,451
new in 2025: €23,451
- Deferred charges and accrued income +€5,883
up €5,883 (+136%), from €4,331 to €10,214
Equity and liabilities
- Profit (loss) carried forward +€185,492
up €185,492 (+84.5%), from €219,602 to €405,094
- Tax, wage and social debts -€11,291
no longer reported in 2025 (was €11,291)
- Other debts +€8,206
up €8,206 (+28.0%), from €29,294 to €37,500
Income statement
- Gross operating margin +€59,350
up €59,350 (+19.4%), from €306,020 to €365,370
- Taxes +€14,441
up €14,441 (+19.5%), from €74,025 to €88,466
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€221,388
Gross operating margin
+€59,350
Depreciation
-€2,648
Other operating charges
-€2,045
Financial income
+€693
Financial charges
+€69
Taxes
-€14,441
Result 2025
€262,367
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€199,996
Investment
-€32,120
Financing
-€80,732
Cash 2024
€183,765
From operations (derived)
+€199,996
Net result for the year
+€262,367
Depreciation
+€10,893
Receivables within one year
-€67,670
Deferred charges and accrued income
-€5,883
Trade debts
+€4,374
Tax, wage and social debts
-€11,291
Advances received
-€1,000
Other debts
+€8,206
Investment (derived)
-€32,120
Investment in fixed assets (net)
-€8,670
Current investments
-€23,451
Financing
-€80,732
Debts after one year
-€3,985
Current portion of long-term debt
+€128
Contributions, distributions and other
-€76,875
Cash 2025
€270,908
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €282,645 | €464,569 | +€181,923 | +64.4% |
| Fixed assets | 21/28 | €31,846 | €29,622 | -€2,223 | -7.0% |
| Tangible fixed assets | 22/27 | €31,846 | €29,622 | -€2,223 | -7.0% |
| Plant, machinery and equipment | 23 | €3,461 | €3,315 | -€146 | -4.2% |
| Furniture and vehicles | 24 | €28,384 | €26,307 | -€2,077 | -7.3% |
| Current assets | 29/58 | €250,800 | €434,947 | +€184,147 | +73.4% |
| Amounts receivable within one year | 40/41 | €62,703 | €130,374 | +€67,670 | +108% |
| Other amounts receivable | 41 | €62,703 | €130,374 | +€67,670 | +108% |
| Current investments | 50/53 | - | €23,451 | +€23,451 | |
| Cash at bank and in hand | 54/58 | €183,765 | €270,908 | +€87,143 | +47.4% |
| Deferred charges and accrued income | 490/1 | €4,331 | €10,214 | +€5,883 | +136% |
| Total equity and liabilities | 10/49 | €282,645 | €464,569 | +€181,923 | +64.4% |
| Equity | 10/15 | €222,602 | €408,094 | +€185,492 | +83.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €219,602 | €405,094 | +€185,492 | +84.5% |
| Amounts payable | 17/49 | €60,043 | €56,475 | -€3,568 | -5.9% |
| Amounts payable after more than one year | 17 | €12,716 | €8,731 | -€3,985 | -31.3% |
| Financial debts | 170/4 | €12,716 | €8,731 | -€3,985 | -31.3% |
| Amounts payable within one year | 42/48 | €47,327 | €47,744 | +€417 | +0.9% |
| Current portion of amounts payable after more than one year | 42 | €3,857 | €3,985 | +€128 | +3.3% |
| Trade debts | 44 | €1,884 | €6,259 | +€4,374 | +232% |
| Suppliers | 440/4 | €1,884 | €6,259 | +€4,374 | +232% |
| Advances received on contracts in progress | 46 | €1,000 | - | -€1,000 | |
| Taxes, remuneration and social security | 45 | €11,291 | - | -€11,291 | |
| Taxes | 450/3 | €11,291 | - | -€11,291 | |
| Other amounts payable | 47/48 | €29,294 | €37,500 | +€8,206 | +28.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,245 | €10,893 | +€2,648 | +32.1% |
| Other operating charges | 640/8 | - | €2,045 | +€2,045 | |
| Gross operating margin | 9900 | €306,020 | €365,370 | +€59,350 | +19.4% |
| Operating profit (loss) | 9901 | €297,774 | €352,431 | +€54,657 | +18.4% |
| Financial income | 75/76B | €419 | €1,112 | +€693 | +165% |
| Recurring financial income | 75 | €419 | €1,112 | +€693 | +165% |
| Financial charges | 65/66B | €2,780 | €2,711 | -€69 | -2.5% |
| Recurring financial charges | 65 | €2,780 | €2,711 | -€69 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €295,414 | €350,833 | +€55,419 | +18.8% |
| Income taxes | 67/77 | €74,025 | €88,466 | +€14,441 | +19.5% |
| Profit (loss) for the period | 9904 | €221,388 | €262,367 | +€40,978 | +18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €221,388 | €262,367 | +€40,978 | +18.5% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.