THORAR: 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.
THORAR
Largest movements
- Stocks and contracts +€48,157
up €48,157 (+69.9%), from €68,854 to €117,012
- Receivables within one year -€6,618
down €6,618 (-94.6%), from €6,996 to €378
- Trade debts -€56,885
down €56,885 (-96.9%), from €58,685 to €1,800
- Other debts +€56,614
up €56,614 (+497%), from €11,400 to €68,014
- Tax, wage and social debts +€38,765
up €38,765 (+860%), from €4,507 to €43,271
of which Remuneration and social security: +€38,475
- Profit (loss) carried forward +€3,051
up €3,051 (+22.8%), from €13,384 to €16,435
- Purchases and services -€140,932
down €140,932 (-21.9%), from €643,534 to €502,602
- Turnover -€138,278
down €138,278 (-20.5%), from €673,010 to €534,732
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.
Derived cash bridge
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 | €93,976 | €135,521 | +€41,545 | +44.2% |
| Fixed assets | 21/28 | €10,600 | €10,600 | = | 0.0% |
| Tangible fixed assets | 22/27 | €10,600 | €10,600 | = | 0.0% |
| Furniture and vehicles | 24 | €10,600 | €10,600 | = | 0.0% |
| Current assets | 29/58 | €83,375 | €124,920 | +€41,545 | +49.8% |
| Stocks and contracts in progress | 3 | €68,854 | €117,012 | +€48,157 | +69.9% |
| Stocks | 30/36 | €68,854 | €117,012 | +€48,157 | +69.9% |
| Amounts receivable within one year | 40/41 | €6,996 | €378 | -€6,618 | -94.6% |
| Other amounts receivable | 41 | €6,996 | €378 | -€6,618 | -94.6% |
| Current investments | 50/53 | - | €73 | +€73 | |
| Cash at bank and in hand | 54/58 | €7,525 | €7,457 | -€68 | -0.9% |
| Total equity and liabilities | 10/49 | €93,976 | €135,521 | +€41,545 | +44.2% |
| Equity | 10/15 | €19,384 | €22,435 | +€3,051 | +15.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13,384 | €16,435 | +€3,051 | +22.8% |
| Amounts payable | 17/49 | €74,591 | €113,086 | +€38,494 | +51.6% |
| Amounts payable within one year | 42/48 | €74,591 | €113,086 | +€38,494 | +51.6% |
| Trade debts | 44 | €58,685 | €1,800 | -€56,885 | -96.9% |
| Suppliers | 440/4 | €58,685 | €1,800 | -€56,885 | -96.9% |
| Taxes, remuneration and social security | 45 | €4,507 | €43,271 | +€38,765 | +860% |
| Taxes | 450/3 | - | €290 | +€290 | |
| Remuneration and social security | 454/9 | €4,507 | €42,981 | +€38,475 | +854% |
| Other amounts payable | 47/48 | €11,400 | €68,014 | +€56,614 | +497% |
| Turnover | 70 | €673,010 | €534,732 | -€138,278 | -20.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €643,534 | €502,602 | -€140,932 | -21.9% |
| Remuneration, social security and pensions | 62 | €25,827 | €28,875 | +€3,048 | +11.8% |
| Other operating charges | 640/8 | €1,426 | €30 | -€1,395 | -97.9% |
| Gross operating margin | 9900 | €29,489 | €32,139 | +€2,650 | +9.0% |
| Operating profit (loss) | 9901 | €2,237 | €3,234 | +€997 | +44.6% |
| Financial charges | 65/66B | €279 | €183 | -€96 | -34.3% |
| Recurring financial charges | 65 | €279 | €183 | -€96 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €1,958 | €3,051 | +€1,093 | +55.8% |
| Profit (loss) for the period | 9904 | €1,958 | €3,051 | +€1,093 | +55.8% |
| Profit (loss) for the period to be appropriated | 9905 | €1,958 | €3,051 | +€1,093 | +55.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.