Thopen: 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.
Thopen
Largest movements
- Cash +€183,236
up €183,236 (+155%), from €118,501 to €301,737
mainly Net result for the year (+€151,875) and Tax, wage and social debts (+€43,035)
- Tangible fixed assets +€10,186
up €10,186 (+210%), from €4,847 to €15,033
- Profit (loss) carried forward +€151,875
up €151,875 (+89.6%), from €169,526 to €321,401
- Tax, wage and social debts +€43,035
up €43,035 (+76.7%), from €56,084 to €99,119
- Gross operating margin +€3,707
up €3,707 (+1.9%), from €195,531 to €199,238
- Depreciation +€2,764
up €2,764 (+427%), from €648 to €3,411
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 | €229,148 | €425,008 | +€195,860 | +85.5% |
| Fixed assets | 21/28 | €4,847 | €15,033 | +€10,186 | +210% |
| Tangible fixed assets | 22/27 | €4,847 | €15,033 | +€10,186 | +210% |
| Furniture and vehicles | 24 | €4,847 | €15,033 | +€10,186 | +210% |
| Current assets | 29/58 | €224,301 | €409,975 | +€185,674 | +82.8% |
| Amounts receivable after more than one year | 29 | €79,365 | €80,754 | +€1,389 | +1.8% |
| Other amounts receivable | 291 | €79,365 | €80,754 | +€1,389 | +1.8% |
| Amounts receivable within one year | 40/41 | €26,435 | €27,484 | +€1,049 | +4.0% |
| Trade receivables | 40 | €26,435 | €26,870 | +€435 | +1.6% |
| Other amounts receivable | 41 | - | €614 | +€614 | |
| Cash at bank and in hand | 54/58 | €118,501 | €301,737 | +€183,236 | +155% |
| Total equity and liabilities | 10/49 | €229,148 | €425,008 | +€195,860 | +85.5% |
| Equity | 10/15 | €171,526 | €323,401 | +€151,875 | +88.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €169,526 | €321,401 | +€151,875 | +89.6% |
| Amounts payable | 17/49 | €57,621 | €101,607 | +€43,985 | +76.3% |
| Amounts payable within one year | 42/48 | €57,621 | €101,607 | +€43,985 | +76.3% |
| Trade debts | 44 | €678 | €2,307 | +€1,629 | +240% |
| Suppliers | 440/4 | €678 | €2,307 | +€1,629 | +240% |
| Taxes, remuneration and social security | 45 | €56,084 | €99,119 | +€43,035 | +76.7% |
| Taxes | 450/3 | €56,084 | €99,119 | +€43,035 | +76.7% |
| Other amounts payable | 47/48 | €859 | €181 | -€678 | -79.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €648 | €3,411 | +€2,764 | +427% |
| Other operating charges | 640/8 | - | €133 | +€133 | |
| Gross operating margin | 9900 | €195,531 | €199,238 | +€3,707 | +1.9% |
| Operating profit (loss) | 9901 | €194,883 | €195,693 | +€810 | +0.4% |
| Financial income | 75/76B | €1,365 | €1,389 | +€24 | +1.8% |
| Recurring financial income | 75 | €1,365 | €1,389 | +€24 | +1.8% |
| Financial charges | 65/66B | €149 | €274 | +€124 | +83.2% |
| Recurring financial charges | 65 | €149 | €274 | +€124 | +83.2% |
| Profit (loss) for the period before taxes | 9903 | €196,099 | €196,809 | +€710 | +0.4% |
| Income taxes | 67/77 | €44,625 | €44,934 | +€309 | +0.7% |
| Profit (loss) for the period | 9904 | €151,474 | €151,875 | +€401 | +0.3% |
| Profit (loss) for the period to be appropriated | 9905 | €151,474 | €151,875 | +€401 | +0.3% |
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 25 October 2026 via checked.be.