THOROSS: 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.
THOROSS
Largest movements
- Cash -€37,482
down €37,482 (-31.7%), from €118,399 to €80,917
mainly Tax, wage and social debts (-€30,000) and Receivables within one year (-€22,954)
- Receivables within one year +€22,954
up €22,954 (+55.9%), from €41,097 to €64,050
of which Other amounts receivable: +€12,651
- Financial fixed assets +€1,900
new in 2025: €1,900
- Tangible fixed assets +€1,799
up €1,799 (+44.4%), from €4,048 to €5,847
- Tax, wage and social debts -€30,000
down €30,000 (-75.8%), from €39,580 to €9,580
of which Taxes: -€30,580
- Profit (loss) carried forward +€23,514
up €23,514 (+21.3%), from €110,351 to €133,865
- Trade debts -€4,466
down €4,466 (-49.6%), from €9,013 to €4,547
- Purchases and services -€189,429
no longer reported in 2025 (was €189,429)
- Gross operating margin -€107,221
down €107,221 (-70.7%), from €151,712 to €44,491
- Taxes -€33,849
down €33,849 (-89.1%), from €38,000 to €4,151
- Staff costs +€9,938
up €9,938 (+6097.7%), from €163 to €10,101
- Other operating charges +€2,189
up €2,189 (+135.8%), from €1,612 to €3,801
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 | €163,943 | €152,992 | -€10,952 | -6.7% |
| Fixed assets | 21/28 | €4,048 | €7,747 | +€3,699 | +91.4% |
| Tangible fixed assets | 22/27 | €4,048 | €5,847 | +€1,799 | +44.4% |
| Furniture and vehicles | 24 | €4,048 | €5,847 | +€1,799 | +44.4% |
| Financial fixed assets | 28 | - | €1,900 | +€1,900 | |
| Current assets | 29/58 | €159,895 | €145,245 | -€14,650 | -9.2% |
| Amounts receivable within one year | 40/41 | €41,097 | €64,050 | +€22,954 | +55.9% |
| Trade receivables | 40 | €9,375 | €19,677 | +€10,303 | +109.9% |
| Other amounts receivable | 41 | €31,722 | €44,373 | +€12,651 | +39.9% |
| Cash at bank and in hand | 54/58 | €118,399 | €80,917 | -€37,482 | -31.7% |
| Deferred charges and accrued income | 490/1 | €400 | €278 | -€122 | -30.6% |
| Total equity and liabilities | 10/49 | €163,943 | €152,992 | -€10,952 | -6.7% |
| Equity | 10/15 | €115,351 | €138,865 | +€23,514 | +20.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,351 | €133,865 | +€23,514 | +21.3% |
| Amounts payable | 17/49 | €48,592 | €14,127 | -€34,465 | -70.9% |
| Amounts payable within one year | 42/48 | €48,592 | €14,127 | -€34,465 | -70.9% |
| Trade debts | 44 | €9,013 | €4,547 | -€4,466 | -49.6% |
| Suppliers | 440/4 | €9,013 | €4,547 | -€4,466 | -49.6% |
| Taxes, remuneration and social security | 45 | €39,580 | €9,580 | -€30,000 | -75.8% |
| Taxes | 450/3 | €39,580 | €9,000 | -€30,580 | -77.3% |
| Remuneration and social security | 454/9 | - | €580 | +€580 | |
| Goods, raw materials, services and sundry goods | 60/61 | €189,429 | - | -€189,429 | |
| Remuneration, social security and pensions | 62 | €163 | €10,101 | +€9,938 | +6097.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952 | €2,808 | +€1,856 | +195.0% |
| Other operating charges | 640/8 | €1,612 | €3,801 | +€2,189 | +135.8% |
| Gross operating margin | 9900 | €151,712 | €44,491 | -€107,221 | -70.7% |
| Operating profit (loss) | 9901 | €148,986 | €27,782 | -€121,204 | -81.4% |
| Financial charges | 65/66B | €635 | €117 | -€518 | -81.6% |
| Recurring financial charges | 65 | €635 | €117 | -€518 | -81.6% |
| Profit (loss) for the period before taxes | 9903 | €148,351 | €27,665 | -€120,686 | -81.4% |
| Income taxes | 67/77 | €38,000 | €4,151 | -€33,849 | -89.1% |
| Profit (loss) for the period | 9904 | €110,351 | €23,514 | -€86,837 | -78.7% |
| Profit (loss) for the period to be appropriated | 9905 | €110,351 | €23,514 | -€86,837 | -78.7% |
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.