Thorma Technics: 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.
Thorma Technics
Largest movements
- Cash +€27,395
up €27,395 (+43.8%), from €62,600 to €89,995
mainly Net result for the year (+€67,154) and Depreciation (+€16,178)
- Receivables within one year +€16,602
up €16,602 (+29.2%), from €56,821 to €73,423
of which Trade receivables: +€22,003
- Tangible fixed assets -€5,846
down €5,846 (-8.7%), from €66,998 to €61,152
of which Furniture and vehicles: -€6,196
- Profit (loss) carried forward +€67,154
up €67,154 (+240.2%), from €27,962 to €95,117
- Trade debts -€28,847
down €28,847 (-89.8%), from €32,108 to €3,262
- Debts after one year -€9,742
down €9,742 (-26.9%), from €36,232 to €26,490
- Tax, wage and social debts +€9,161
up €9,161 (+29.0%), from €31,625 to €40,786
of which Taxes: +€11,461
- Gross operating margin +€58,071
up €58,071 (+120.3%), from €48,289 to €106,361
- Taxes +€9,915
up €9,915 (+128.7%), from €7,702 to €17,616
- Depreciation +€8,503
up €8,503 (+110.8%), from €7,675 to €16,178
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 | €191,237 | €229,195 | +€37,958 | +19.8% |
| Fixed assets | 21/28 | €66,998 | €61,152 | -€5,846 | -8.7% |
| Tangible fixed assets | 22/27 | €66,998 | €61,152 | -€5,846 | -8.7% |
| Plant, machinery and equipment | 23 | €4,891 | €5,241 | +€350 | +7.2% |
| Furniture and vehicles | 24 | €62,107 | €55,911 | -€6,196 | -10.0% |
| Current assets | 29/58 | €124,239 | €168,043 | +€43,803 | +35.3% |
| Stocks and contracts in progress | 3 | €817 | €499 | -€317 | -38.9% |
| Stocks | 30/36 | €817 | €499 | -€317 | -38.9% |
| Amounts receivable within one year | 40/41 | €56,821 | €73,423 | +€16,602 | +29.2% |
| Trade receivables | 40 | €51,420 | €73,423 | +€22,003 | +42.8% |
| Other amounts receivable | 41 | €5,401 | - | -€5,401 | |
| Cash at bank and in hand | 54/58 | €62,600 | €89,995 | +€27,395 | +43.8% |
| Deferred charges and accrued income | 490/1 | €4,002 | €4,126 | +€124 | +3.1% |
| Total equity and liabilities | 10/49 | €191,237 | €229,195 | +€37,958 | +19.8% |
| Equity | 10/15 | €79,510 | €146,665 | +€67,154 | +84.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €49,548 | €49,548 | = | 0.0% |
| Distributable reserves | 133 | €49,548 | €49,548 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,962 | €95,117 | +€67,154 | +240.2% |
| Amounts payable | 17/49 | €111,727 | €82,530 | -€29,197 | -26.1% |
| Amounts payable after more than one year | 17 | €36,232 | €26,490 | -€9,742 | -26.9% |
| Financial debts | 170/4 | €36,232 | €26,490 | -€9,742 | -26.9% |
| Amounts payable within one year | 42/48 | €74,795 | €55,540 | -€19,255 | -25.7% |
| Current portion of amounts payable after more than one year | 42 | €9,288 | €9,742 | +€454 | +4.9% |
| Trade debts | 44 | €32,108 | €3,262 | -€28,847 | -89.8% |
| Suppliers | 440/4 | €32,108 | €3,262 | -€28,847 | -89.8% |
| Taxes, remuneration and social security | 45 | €31,625 | €40,786 | +€9,161 | +29.0% |
| Taxes | 450/3 | €29,325 | €40,786 | +€11,461 | +39.1% |
| Remuneration and social security | 454/9 | €2,300 | - | -€2,300 | |
| Other amounts payable | 47/48 | €1,773 | €1,750 | -€23 | -1.3% |
| Accrued charges and deferred income | 492/3 | €700 | €500 | -€200 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,675 | €16,178 | +€8,503 | +110.8% |
| Other operating charges | 640/8 | €571 | €756 | +€185 | +32.4% |
| Gross operating margin | 9900 | €48,289 | €106,361 | +€58,071 | +120.3% |
| Operating profit (loss) | 9901 | €40,044 | €89,427 | +€49,383 | +123.3% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €4,380 | €4,657 | +€277 | +6.3% |
| Recurring financial charges | 65 | €4,380 | €4,657 | +€277 | +6.3% |
| Profit (loss) for the period before taxes | 9903 | €35,664 | €84,771 | +€49,107 | +137.7% |
| Income taxes | 67/77 | €7,702 | €17,616 | +€9,915 | +128.7% |
| Profit (loss) for the period | 9904 | €27,962 | €67,154 | +€39,192 | +140.2% |
| Profit (loss) for the period to be appropriated | 9905 | €27,962 | €67,154 | +€39,192 | +140.2% |
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 12 October 2026 via checked.be.