THOSCO ADVIES: 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.
THOSCO ADVIES
Largest movements
- Tangible fixed assets -€109,148
down €109,148 (-97.6%), from €111,832 to €2,685
- Receivables within one year -€20,150
down €20,150 (-32.7%), from €61,700 to €41,550
of which Other amounts receivable: -€19,316
- Cash +€8,709
up €8,709 (+193%), from €4,507 to €13,216
mainly Investment in fixed assets (net) (+€108,076) and Other debts (+€28,293)
- Debts after one year -€148,509
down €148,509 (-35.1%), from €422,802 to €274,293
- Other debts +€28,293
new in 2025: €28,293
- Current portion of long-term debt -€22,360
down €22,360 (-30.4%), from €73,636 to €51,277
- Trade debts +€11,313
up €11,313 (+252%), from €4,488 to €15,801
- Tax, wage and social debts +€6,673
up €6,673 (+57.3%), from €11,637 to €18,311
- Depreciation -€23,653
down €23,653 (-95.7%), from €24,725 to €1,072
- Financial charges -€6,336
down €6,336 (-26.2%), from €24,191 to €17,856
of which Non-recurring financial charges: -€4,210
- Gross operating margin +€4,601
up €4,601 (+10.8%), from €42,552 to €47,153
- Other operating charges +€3,373
up €3,373 (+85.7%), from €3,938 to €7,312
- Taxes -€1,785
down €1,785 (-81.2%), from €2,198 to €413
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 | €574,288 | €452,130 | -€122,158 | -21.3% |
| Fixed assets | 21/28 | €506,512 | €397,365 | -€109,148 | -21.5% |
| Tangible fixed assets | 22/27 | €111,832 | €2,685 | -€109,148 | -97.6% |
| Furniture and vehicles | 24 | €111,832 | €2,685 | -€109,148 | -97.6% |
| Financial fixed assets | 28 | €394,680 | €394,680 | = | 0.0% |
| Current assets | 29/58 | €67,776 | €54,766 | -€13,010 | -19.2% |
| Amounts receivable within one year | 40/41 | €61,700 | €41,550 | -€20,150 | -32.7% |
| Trade receivables | 40 | €42,384 | €41,550 | -€834 | -2.0% |
| Other amounts receivable | 41 | €19,316 | €0 | -€19,316 | -100% |
| Cash at bank and in hand | 54/58 | €4,507 | €13,216 | +€8,709 | +193% |
| Deferred charges and accrued income | 490/1 | €1,569 | €0 | -€1,569 | -100% |
| Total equity and liabilities | 10/49 | €574,288 | €452,130 | -€122,158 | -21.3% |
| Equity | 10/15 | €61,724 | €64,155 | +€2,431 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €55,524 | €55,524 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €55,524 | €55,524 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €2,431 | +€2,431 | |
| Amounts payable | 17/49 | €512,564 | €387,975 | -€124,589 | -24.3% |
| Amounts payable after more than one year | 17 | €422,802 | €274,293 | -€148,509 | -35.1% |
| Financial debts | 170/4 | €422,802 | €274,293 | -€148,509 | -35.1% |
| Amounts payable within one year | 42/48 | €89,762 | €113,682 | +€23,920 | +26.6% |
| Current portion of amounts payable after more than one year | 42 | €73,636 | €51,277 | -€22,360 | -30.4% |
| Trade debts | 44 | €4,488 | €15,801 | +€11,313 | +252% |
| Suppliers | 440/4 | €4,488 | €15,801 | +€11,313 | +252% |
| Taxes, remuneration and social security | 45 | €11,637 | €18,311 | +€6,673 | +57.3% |
| Taxes | 450/3 | €11,637 | €18,311 | +€6,673 | +57.3% |
| Other amounts payable | 47/48 | - | €28,293 | +€28,293 | |
| Non-recurring operating income | 76A | €16,042 | €3,544 | -€12,497 | -77.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,725 | €1,072 | -€23,653 | -95.7% |
| Other operating charges | 640/8 | €3,938 | €7,312 | +€3,373 | +85.7% |
| Non-recurring operating charges | 66A | - | €18,071 | +€18,071 | |
| Gross operating margin | 9900 | €42,552 | €47,153 | +€4,601 | +10.8% |
| Operating profit (loss) | 9901 | €13,889 | €20,698 | +€6,810 | +49.0% |
| Financial income | 75/76B | €1,230 | €1 | -€1,230 | -99.9% |
| Recurring financial income | 75 | €1,230 | €1 | -€1,230 | -99.9% |
| Financial charges | 65/66B | €24,191 | €17,856 | -€6,336 | -26.2% |
| Recurring financial charges | 65 | €19,982 | €17,856 | -€2,126 | -10.6% |
| Non-recurring financial charges | 66B | €4,210 | €0 | -€4,210 | -100% |
| Profit (loss) for the period before taxes | 9903 | -€9,072 | €2,844 | +€11,916 | |
| Income taxes | 67/77 | €2,198 | €413 | -€1,785 | -81.2% |
| Profit (loss) for the period | 9904 | -€11,270 | €2,431 | +€13,701 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,270 | €2,431 | +€13,701 |
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 26 October 2026 via checked.be.