THOR: 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.
THOR
Largest movements
- Tangible fixed assets +€14,065
up €14,065 (+9.4%), from €150,000 to €164,065
- Cash +€9,224
up €9,224 (+13.1%), from €70,298 to €79,522
mainly Net result for the year (+€21,696) and Tax, wage and social debts (+€1,900)
- Profit (loss) carried forward +€21,696
up €21,696 (+18.8%), from €115,345 to €137,041
- Gross operating margin +€9,241
up €9,241 (+49.2%), from €18,777 to €28,018
- Taxes +€6,792
up €6,792, from -€1,275 to €5,517
- Other operating charges -€384
down €384 (-85.8%), from €448 to €64
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €220,298 | €243,587 | +€23,289 | +10.6% |
| Fixed assets | 21/28 | €150,000 | €164,065 | +€14,065 | +9.4% |
| Tangible fixed assets | 22/27 | €150,000 | €164,065 | +€14,065 | +9.4% |
| Other tangible fixed assets | 26 | €150,000 | €164,065 | +€14,065 | +9.4% |
| Current assets | 29/58 | €70,298 | €79,522 | +€9,224 | +13.1% |
| Cash at bank and in hand | 54/58 | €70,298 | €79,522 | +€9,224 | +13.1% |
| Total equity and liabilities | 10/49 | €220,298 | €243,587 | +€23,289 | +10.6% |
| Equity | 10/15 | €215,345 | €237,041 | +€21,696 | +10.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €115,345 | €137,041 | +€21,696 | +18.8% |
| Amounts payable | 17/49 | €4,952 | €6,545 | +€1,593 | +32.2% |
| Amounts payable within one year | 42/48 | €4,952 | €6,545 | +€1,593 | +32.2% |
| Trade debts | 44 | €1,210 | - | -€1,210 | |
| Suppliers | 440/4 | €1,210 | - | -€1,210 | |
| Taxes, remuneration and social security | 45 | €3,600 | €5,500 | +€1,900 | +52.8% |
| Taxes | 450/3 | €3,600 | €5,500 | +€1,900 | +52.8% |
| Other amounts payable | 47/48 | €142 | €1,045 | +€903 | +634.7% |
| Other operating charges | 640/8 | €448 | €64 | -€384 | -85.8% |
| Gross operating margin | 9900 | €18,777 | €28,018 | +€9,241 | +49.2% |
| Operating profit (loss) | 9901 | €18,329 | €27,954 | +€9,626 | +52.5% |
| Financial income | 75/76B | - | €0 | = | |
| Recurring financial income | 75 | - | €0 | = | |
| Financial charges | 65/66B | €545 | €742 | +€197 | +36.2% |
| Recurring financial charges | 65 | €545 | €742 | +€197 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €17,784 | €27,213 | +€9,429 | +53.0% |
| Income taxes | 67/77 | -€1,275 | €5,517 | +€6,792 | |
| Profit (loss) for the period | 9904 | €19,059 | €21,696 | +€2,636 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,059 | €21,696 | +€2,636 | +13.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.