Thorium: 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.
Thorium
Largest movements
- Receivables within one year +€3,425
up €3,425 (+2661.4%), from €129 to €3,553
of which Trade receivables: +€3,553
- Cash +€341
up €341 (+2.1%), from €16,074 to €16,415
mainly Net result for the year (+€3,065) and Tax, wage and social debts (+€1,655)
- Tangible fixed assets -€216
down €216 (-53.0%), from €408 to €192
- Profit (loss) carried forward +€3,065
up €3,065 (+321.7%), from €953 to €4,018
- Other debts -€1,719
down €1,719 (-57.8%), from €2,975 to €1,256
- Tax, wage and social debts +€1,655
up €1,655 (+585.5%), from €283 to €1,937
- Trade debts +€549
up €549 (+548.7%), from €100 to €649
- Gross operating margin +€2,751
up €2,751 (+146.5%), from €1,878 to €4,629
- Taxes +€534
up €534 (+188.9%), from €283 to €816
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.
Cash bridge derived
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 | €16,610 | €20,160 | +€3,549 | +21.4% |
| Fixed assets | 21/28 | €408 | €192 | -€216 | -53.0% |
| Tangible fixed assets | 22/27 | €408 | €192 | -€216 | -53.0% |
| Furniture and vehicles | 24 | €408 | €192 | -€216 | -53.0% |
| Current assets | 29/58 | €16,202 | €19,968 | +€3,766 | +23.2% |
| Amounts receivable within one year | 40/41 | €129 | €3,553 | +€3,425 | +2661.4% |
| Trade receivables | 40 | - | €3,553 | +€3,553 | |
| Other amounts receivable | 41 | €129 | €0 | -€129 | -100.0% |
| Cash at bank and in hand | 54/58 | €16,074 | €16,415 | +€341 | +2.1% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €16,610 | €20,160 | +€3,549 | +21.4% |
| Equity | 10/15 | €13,253 | €16,318 | +€3,065 | +23.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €9,300 | €9,300 | = | 0.0% |
| Distributable reserves | 133 | €9,300 | €9,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €953 | €4,018 | +€3,065 | +321.7% |
| Amounts payable | 17/49 | €3,357 | €3,841 | +€484 | +14.4% |
| Amounts payable within one year | 42/48 | €3,357 | €3,841 | +€484 | +14.4% |
| Trade debts | 44 | €100 | €649 | +€549 | +548.7% |
| Suppliers | 440/4 | €100 | €649 | +€549 | +548.7% |
| Taxes, remuneration and social security | 45 | €283 | €1,937 | +€1,655 | +585.5% |
| Taxes | 450/3 | €283 | €1,937 | +€1,655 | +585.5% |
| Other amounts payable | 47/48 | €2,975 | €1,256 | -€1,719 | -57.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €216 | €216 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €1,878 | €4,629 | +€2,751 | +146.5% |
| Operating profit (loss) | 9901 | €1,274 | €4,013 | +€2,739 | +214.9% |
| Financial charges | 65/66B | €117 | €132 | +€15 | +12.5% |
| Recurring financial charges | 65 | €117 | €132 | +€15 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €1,157 | €3,882 | +€2,724 | +235.4% |
| Income taxes | 67/77 | €283 | €816 | +€534 | +188.9% |
| Profit (loss) for the period | 9904 | €875 | €3,065 | +€2,191 | +250.5% |
| Profit (loss) for the period to be appropriated | 9905 | €875 | €3,065 | +€2,191 | +250.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.