THORNSETT BELGIUM: what changed
What changed
THORNSETT BELGIUM
filed annual accounts (NBB)
Net result for the year
-
2024 · -€743,098+€743,098
Equity
-€638,583
2024 · -€638,583
Cash
-
not filed
Balance sheet total
€67
2024 · €67
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
No liability line moved by more than 1% of the balance sheet total.
Income statement
- Financial charges -€470,860
no longer reported in 2025 (was €470,860)
- Gross operating margin +€152,177
no longer reported in 2025 (was -€152,177)
- Write-downs -€121,000
no longer reported in 2025 (was €121,000)
Change in the result, 2024 to 2025
The net result is not in both sets of accounts. Without it the difference cannot be explained line by line.
Derived cash bridge
Cash or the result is not a separate line in both sets of accounts. So the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €67 | €67 | = | 0.0% |
| Current assets | 29/58 | €67 | €67 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €67 | €67 | = | 0.0% |
| Other amounts receivable | 41 | €67 | €67 | = | 0.0% |
| Total equity and liabilities | 10/49 | €67 | €67 | = | 0.0% |
| Equity | 10/15 | -€638,583 | -€638,583 | = | 0.0% |
| Contributions | 10/11 | €240,000 | €240,000 | = | 0.0% |
| Reserves | 13 | €54,751 | €54,751 | = | 0.0% |
| Non-distributable reserves | 130/1 | €24,000 | €24,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,000 | €24,000 | = | 0.0% |
| Distributable reserves | 133 | €30,751 | €30,751 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€933,334 | -€933,334 | = | 0.0% |
| Amounts payable | 17/49 | €638,651 | €638,651 | = | 0.0% |
| Amounts payable within one year | 42/48 | €455,886 | €455,886 | = | 0.0% |
| Financial debts | 43 | €394,634 | €394,634 | = | 0.0% |
| Other loans | 439 | €394,634 | €394,634 | = | 0.0% |
| Trade debts | 44 | €61,253 | €61,253 | = | 0.0% |
| Suppliers | 440/4 | €61,253 | €61,253 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €182,764 | €182,764 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €121,000 | - | -€121,000 | |
| Other operating charges | 640/8 | €330 | - | -€330 | |
| Gross operating margin | 9900 | -€152,177 | - | +€152,177 | |
| Operating profit (loss) | 9901 | -€273,507 | - | +€273,507 | |
| Financial income | 75/76B | €1,290 | - | -€1,290 | |
| Recurring financial income | 75 | €1,290 | - | -€1,290 | |
| Financial charges | 65/66B | €470,860 | - | -€470,860 | |
| Recurring financial charges | 65 | €470,860 | - | -€470,860 | |
| Profit (loss) for the period before taxes | 9903 | -€743,076 | - | +€743,076 | |
| Income taxes | 67/77 | €22 | - | -€22 | |
| Profit (loss) for the period | 9904 | -€743,098 | - | +€743,098 | |
| Profit (loss) for the period to be appropriated | 9905 | -€743,098 | - | +€743,098 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.