THONON MARC: 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.
THONON MARC
Largest movements
- Tangible fixed assets -€58,821
down €58,821 (-32.2%), from €182,854 to €124,033
- Cash -€13,807
down €13,807 (-46.4%), from €29,748 to €15,941
mainly Debts after one year (-€22,023) and Net result for the year (-€13,485)
- Receivables within one year +€8,184
up €8,184 (+31.3%), from €26,175 to €34,359
of which Trade receivables: +€9,281
- Stocks and contracts +€3,325
up €3,325 (+8.2%), from €40,429 to €43,754
of which Stocks: +€2,945
- Debts after one year -€22,023
down €22,023 (-39.9%), from €55,165 to €33,142
- Profit (loss) carried forward -€13,485
down €13,485 (-24.2%), from €55,826 to €42,341
- Other debts -€10,661
down €10,661 (-23.1%), from €46,057 to €35,396
- Current portion of long-term debt -€10,626
down €10,626 (-32.4%), from €32,844 to €22,218
- Gross operating margin -€13,489
down €13,489 (-10.9%), from €123,752 to €110,263
- Financial income -€10,042
down €10,042 (-93.4%), from €10,747 to €705
- Taxes -€3,644
down €3,644 (-93.1%), from €3,913 to €269
- Staff costs +€3,185
up €3,185 (+5.2%), from €60,849 to €64,034
- Depreciation -€2,648
down €2,648 (-5.3%), from €49,890 to €47,242
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 | €279,206 | €218,087 | -€61,119 | -21.9% |
| Fixed assets | 21/28 | €182,854 | €124,033 | -€58,821 | -32.2% |
| Tangible fixed assets | 22/27 | €182,854 | €124,033 | -€58,821 | -32.2% |
| Land and buildings | 22 | €112,464 | €83,110 | -€29,354 | -26.1% |
| Furniture and vehicles | 24 | €21,673 | €9,082 | -€12,591 | -58.1% |
| Leasing and similar rights | 25 | €23,644 | €13,025 | -€10,619 | -44.9% |
| Other tangible fixed assets | 26 | €25,073 | €18,816 | -€6,257 | -25.0% |
| Current assets | 29/58 | €96,352 | €94,054 | -€2,298 | -2.4% |
| Stocks and contracts in progress | 3 | €40,429 | €43,754 | +€3,325 | +8.2% |
| Stocks | 30/36 | €32,627 | €35,572 | +€2,945 | +9.0% |
| Contracts in progress | 37 | €7,802 | €8,182 | +€380 | +4.9% |
| Amounts receivable within one year | 40/41 | €26,175 | €34,359 | +€8,184 | +31.3% |
| Trade receivables | 40 | €15,094 | €24,375 | +€9,281 | +61.5% |
| Other amounts receivable | 41 | €11,081 | €9,984 | -€1,097 | -9.9% |
| Cash at bank and in hand | 54/58 | €29,748 | €15,941 | -€13,807 | -46.4% |
| Total equity and liabilities | 10/49 | €279,206 | €218,087 | -€61,119 | -21.9% |
| Equity | 10/15 | €128,886 | €115,401 | -€13,485 | -10.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €66,860 | €66,860 | = | 0.0% |
| Distributable reserves | 133 | €66,860 | €66,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,826 | €42,341 | -€13,485 | -24.2% |
| Amounts payable | 17/49 | €150,320 | €102,686 | -€47,634 | -31.7% |
| Amounts payable after more than one year | 17 | €55,165 | €33,142 | -€22,023 | -39.9% |
| Financial debts | 170/4 | €55,165 | €33,142 | -€22,023 | -39.9% |
| Amounts payable within one year | 42/48 | €94,267 | €69,273 | -€24,994 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €32,844 | €22,218 | -€10,626 | -32.4% |
| Trade debts | 44 | €8,930 | €7,759 | -€1,171 | -13.1% |
| Suppliers | 440/4 | €8,930 | €7,759 | -€1,171 | -13.1% |
| Taxes, remuneration and social security | 45 | €6,436 | €3,900 | -€2,536 | -39.4% |
| Taxes | 450/3 | €528 | €523 | -€5 | -0.9% |
| Remuneration and social security | 454/9 | €5,908 | €3,377 | -€2,531 | -42.8% |
| Other amounts payable | 47/48 | €46,057 | €35,396 | -€10,661 | -23.1% |
| Accrued charges and deferred income | 492/3 | €888 | €271 | -€617 | -69.5% |
| Remuneration, social security and pensions | 62 | €60,849 | €64,034 | +€3,185 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,890 | €47,242 | -€2,648 | -5.3% |
| Other operating charges | 640/8 | €5,444 | €4,875 | -€569 | -10.5% |
| Non-recurring operating charges | 66A | €200 | €3,607 | +€3,407 | +1,704% |
| Gross operating margin | 9900 | €123,752 | €110,263 | -€13,489 | -10.9% |
| Operating profit (loss) | 9901 | €7,369 | -€9,495 | -€16,864 | |
| Financial income | 75/76B | €10,747 | €705 | -€10,042 | -93.4% |
| Recurring financial income | 75 | €10,747 | €705 | -€10,042 | -93.4% |
| Financial charges | 65/66B | €4,537 | €4,426 | -€111 | -2.4% |
| Recurring financial charges | 65 | €4,537 | €4,426 | -€111 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €13,579 | -€13,216 | -€26,795 | |
| Income taxes | 67/77 | €3,913 | €269 | -€3,644 | -93.1% |
| Profit (loss) for the period | 9904 | €9,666 | -€13,485 | -€23,151 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,666 | -€13,485 | -€23,151 |
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 18 October 2026 via checked.be.