THORICOAT: 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.
THORICOAT
Largest movements
- Tangible fixed assets -€218,264
down €218,264 (-99.6%), from €219,082 to €817
of which Land and buildings: -€218,000
- Cash +€107,576
up €107,576 (+1,005%), from €10,701 to €118,278
- Debts after one year -€129,516
no longer reported in 2024 (was €129,516)
- Profit (loss) carried forward +€30,202
up €30,202 (+55.5%), from €54,415 to €84,617
- Current portion of long-term debt -€18,478
no longer reported in 2024 (was €18,478)
- Tax, wage and social debts +€5,516
up €5,516 (+85.4%), from €6,458 to €11,973
- Gross operating margin +€12,985
up €12,985 (+38.1%), from €34,055 to €47,041
- Taxes +€5,291
up €5,291 (+79.2%), from €6,682 to €11,973
- Financial charges -€4,520
down €4,520 (-50.1%), from €9,018 to €4,498
- Depreciation -€2,315
down €2,315 (-92.1%), from €2,512 to €197
- Other operating charges -€1,176
down €1,176 (-91.9%), from €1,279 to €103
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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,083 | €119,418 | -€110,665 | -48.1% |
| Fixed assets | 21/28 | €219,082 | €817 | -€218,264 | -99.6% |
| Tangible fixed assets | 22/27 | €219,082 | €817 | -€218,264 | -99.6% |
| Land and buildings | 22 | €218,000 | - | -€218,000 | |
| Plant, machinery and equipment | 23 | €67 | - | -€67 | |
| Furniture and vehicles | 24 | €1,015 | €817 | -€197 | -19.5% |
| Current assets | 29/58 | €11,001 | €118,600 | +€107,599 | +978% |
| Amounts receivable within one year | 40/41 | €300 | €323 | +€23 | +7.7% |
| Other amounts receivable | 41 | €300 | €323 | +€23 | +7.7% |
| Cash at bank and in hand | 54/58 | €10,701 | €118,278 | +€107,576 | +1,005% |
| Total equity and liabilities | 10/49 | €230,083 | €119,418 | -€110,665 | -48.1% |
| Equity | 10/15 | €73,447 | €103,649 | +€30,202 | +41.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €432 | €432 | = | 0.0% |
| Non-distributable reserves | 130/1 | €432 | - | -€432 | |
| Reserves not available under the articles | 1311 | €432 | - | -€432 | |
| Distributable reserves | 133 | - | €432 | +€432 | |
| Profit (loss) carried forward | 14 | €54,415 | €84,617 | +€30,202 | +55.5% |
| Amounts payable | 17/49 | €156,636 | €15,769 | -€140,867 | -89.9% |
| Amounts payable after more than one year | 17 | €129,516 | - | -€129,516 | |
| Financial debts | 170/4 | €129,516 | - | -€129,516 | |
| Amounts payable within one year | 42/48 | €25,648 | €14,976 | -€10,672 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | €18,478 | - | -€18,478 | |
| Trade debts | 44 | - | €616 | +€616 | |
| Suppliers | 440/4 | - | €616 | +€616 | |
| Taxes, remuneration and social security | 45 | €6,458 | €11,973 | +€5,516 | +85.4% |
| Taxes | 450/3 | €6,458 | €11,973 | +€5,516 | +85.4% |
| Other amounts payable | 47/48 | €712 | €2,387 | +€1,674 | +235% |
| Accrued charges and deferred income | 492/3 | €1,472 | €793 | -€679 | -46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,512 | €197 | -€2,315 | -92.1% |
| Other operating charges | 640/8 | €1,279 | €103 | -€1,176 | -91.9% |
| Non-recurring operating charges | 66A | - | €67 | +€67 | |
| Gross operating margin | 9900 | €34,055 | €47,041 | +€12,985 | +38.1% |
| Operating profit (loss) | 9901 | €30,264 | €46,673 | +€16,409 | +54.2% |
| Financial charges | 65/66B | €9,018 | €4,498 | -€4,520 | -50.1% |
| Recurring financial charges | 65 | €9,018 | €4,498 | -€4,520 | -50.1% |
| Profit (loss) for the period before taxes | 9903 | €21,246 | €42,176 | +€20,929 | +98.5% |
| Income taxes | 67/77 | €6,682 | €11,973 | +€5,291 | +79.2% |
| Profit (loss) for the period | 9904 | €14,564 | €30,202 | +€15,638 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €14,564 | €30,202 | +€15,638 | +107% |
Source: filed annual accounts (NBB), financial years ended 30 June 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.