Thos: 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.
Thos
Largest movements
- Current investments +€17,734
new in 2025: €17,734
- Cash +€7,816
up €7,816 (+12.6%), from €61,897 to €69,713
mainly Net result for the year (+€29,381) and Depreciation (+€2,841)
- Receivables within one year +€5,801
new in 2025: €5,801
- Tangible fixed assets -€2,841
down €2,841 (-28.0%), from €10,133 to €7,292
of which Furniture and vehicles: -€2,612
- Reserves +€29,400
up €29,400 (+63.9%), from €46,000 to €75,400
- Tax, wage and social debts +€1,677
up €1,677 (+9.1%), from €18,378 to €20,056
- Trade debts -€1,558
down €1,558 (-64.3%), from €2,421 to €864
- Gross operating margin +€14,226
up €14,226 (+49.5%), from €28,748 to €42,974
- Taxes +€2,204
up €2,204 (+31.5%), from €7,006 to €9,210
- Depreciation +€839
up €839 (+41.9%), from €2,002 to €2,841
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.
Derived cash bridge
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 | €73,178 | €102,081 | +€28,903 | +39.5% |
| Fixed assets | 21/28 | €10,133 | €7,292 | -€2,841 | -28.0% |
| Tangible fixed assets | 22/27 | €10,133 | €7,292 | -€2,841 | -28.0% |
| Plant, machinery and equipment | 23 | €1,431 | €1,202 | -€229 | -16.0% |
| Furniture and vehicles | 24 | €8,702 | €6,090 | -€2,612 | -30.0% |
| Current assets | 29/58 | €63,045 | €94,789 | +€31,744 | +50.4% |
| Amounts receivable within one year | 40/41 | - | €5,801 | +€5,801 | |
| Trade receivables | 40 | - | €5,801 | +€5,801 | |
| Current investments | 50/53 | - | €17,734 | +€17,734 | |
| Cash at bank and in hand | 54/58 | €61,897 | €69,713 | +€7,816 | +12.6% |
| Deferred charges and accrued income | 490/1 | €1,148 | €1,540 | +€392 | +34.2% |
| Total equity and liabilities | 10/49 | €73,178 | €102,081 | +€28,903 | +39.5% |
| Equity | 10/15 | €51,080 | €80,461 | +€29,381 | +57.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €46,000 | €75,400 | +€29,400 | +63.9% |
| Distributable reserves | 133 | €46,000 | €75,400 | +€29,400 | +63.9% |
| Profit (loss) carried forward | 14 | €80 | €61 | -€19 | -24.2% |
| Amounts payable | 17/49 | €22,097 | €21,620 | -€478 | -2.2% |
| Amounts payable within one year | 42/48 | €20,932 | €21,061 | +€129 | +0.6% |
| Trade debts | 44 | €2,421 | €864 | -€1,558 | -64.3% |
| Suppliers | 440/4 | €2,421 | €864 | -€1,558 | -64.3% |
| Taxes, remuneration and social security | 45 | €18,378 | €20,056 | +€1,677 | +9.1% |
| Taxes | 450/3 | €18,378 | €20,056 | +€1,677 | +9.1% |
| Other amounts payable | 47/48 | €133 | €142 | +€9 | +6.9% |
| Accrued charges and deferred income | 492/3 | €1,165 | €559 | -€606 | -52.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,002 | €2,841 | +€839 | +41.9% |
| Other operating charges | 640/8 | €1,182 | €1,168 | -€14 | -1.2% |
| Gross operating margin | 9900 | €28,748 | €42,974 | +€14,226 | +49.5% |
| Operating profit (loss) | 9901 | €25,565 | €38,965 | +€13,401 | +52.4% |
| Financial charges | 65/66B | €188 | €375 | +€187 | +99.5% |
| Recurring financial charges | 65 | €188 | €375 | +€187 | +99.5% |
| Profit (loss) for the period before taxes | 9903 | €25,377 | €38,591 | +€13,214 | +52.1% |
| Income taxes | 67/77 | €7,006 | €9,210 | +€2,204 | +31.5% |
| Profit (loss) for the period | 9904 | €18,371 | €29,381 | +€11,010 | +59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €18,371 | €29,381 | +€11,010 | +59.9% |
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 18 October 2026 via checked.be.