ThotM: 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.
ThotM
Largest movements
- Cash +€39,492
up €39,492 (+207%), from €19,063 to €58,555
mainly Net result for the year (+€46,802) and Tax, wage and social debts (+€9,160)
- Receivables within one year +€16,138
up €16,138 (+128%), from €12,592 to €28,730
of which Trade receivables: +€17,577
- Tangible fixed assets -€1,932
down €1,932 (-23.5%), from €8,205 to €6,273
of which Furniture and vehicles: -€1,331
- Deferred charges and accrued income -€1,076
down €1,076 (-47.1%), from €2,286 to €1,210
- Reserves +€46,247
up €46,247 (+188%), from €24,633 to €70,880
- Tax, wage and social debts +€9,160
up €9,160 (+173%), from €5,306 to €14,466
- Accrued charges and deferred income -€1,177
no longer reported in 2025 (was €1,177)
- Gross operating margin +€27,244
up €27,244 (+71.9%), from €37,873 to €65,117
- Taxes +€5,471
up €5,471 (+70.1%), from €7,805 to €13,276
- Financial income -€1,558
no longer reported in 2025 (was €1,558)
- Financial charges -€814
down €814 (-48.0%), from €1,695 to €881
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 | €42,145 | €94,768 | +€52,623 | +125% |
| Fixed assets | 21/28 | €8,205 | €6,273 | -€1,932 | -23.5% |
| Tangible fixed assets | 22/27 | €8,205 | €6,273 | -€1,932 | -23.5% |
| Furniture and vehicles | 24 | €5,728 | €4,397 | -€1,331 | -23.2% |
| Other tangible fixed assets | 26 | €2,477 | €1,876 | -€601 | -24.3% |
| Current assets | 29/58 | €33,940 | €88,495 | +€54,555 | +161% |
| Amounts receivable within one year | 40/41 | €12,592 | €28,730 | +€16,138 | +128% |
| Trade receivables | 40 | €8,500 | €26,077 | +€17,577 | +207% |
| Other amounts receivable | 41 | €4,092 | €2,652 | -€1,439 | -35.2% |
| Cash at bank and in hand | 54/58 | €19,063 | €58,555 | +€39,492 | +207% |
| Deferred charges and accrued income | 490/1 | €2,286 | €1,210 | -€1,076 | -47.1% |
| Total equity and liabilities | 10/49 | €42,145 | €94,768 | +€52,623 | +125% |
| Equity | 10/15 | €29,633 | €75,880 | +€46,247 | +156% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €24,633 | €70,880 | +€46,247 | +188% |
| Distributable reserves | 133 | €24,633 | €70,880 | +€46,247 | +188% |
| Amounts payable | 17/49 | €12,512 | €18,888 | +€6,375 | +51.0% |
| Amounts payable within one year | 42/48 | €11,336 | €18,888 | +€7,552 | +66.6% |
| Financial debts | 43 | €486 | - | -€486 | |
| Credit institutions | 430/8 | €486 | - | -€486 | |
| Trade debts | 44 | €3,179 | €2,522 | -€657 | -20.7% |
| Suppliers | 440/4 | €3,179 | €2,522 | -€657 | -20.7% |
| Taxes, remuneration and social security | 45 | €5,306 | €14,466 | +€9,160 | +173% |
| Taxes | 450/3 | €5,306 | €14,466 | +€9,160 | +173% |
| Other amounts payable | 47/48 | €2,365 | €1,900 | -€465 | -19.7% |
| Accrued charges and deferred income | 492/3 | €1,177 | - | -€1,177 | |
| Non-recurring operating income | 76A | - | €20,307 | +€20,307 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,073 | €2,836 | -€237 | -7.7% |
| Other operating charges | 640/8 | €1,145 | €1,322 | +€176 | +15.4% |
| Gross operating margin | 9900 | €37,873 | €65,117 | +€27,244 | +71.9% |
| Operating profit (loss) | 9901 | €33,655 | €60,960 | +€27,305 | +81.1% |
| Financial income | 75/76B | €1,558 | - | -€1,558 | |
| Recurring financial income | 75 | €1,558 | - | -€1,558 | |
| Financial charges | 65/66B | €1,695 | €881 | -€814 | -48.0% |
| Recurring financial charges | 65 | €1,695 | €881 | -€814 | -48.0% |
| Profit (loss) for the period before taxes | 9903 | €33,518 | €60,078 | +€26,560 | +79.2% |
| Income taxes | 67/77 | €7,805 | €13,276 | +€5,471 | +70.1% |
| Profit (loss) for the period | 9904 | €25,713 | €46,802 | +€21,089 | +82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,713 | €46,802 | +€21,089 | +82.0% |
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 29 October 2026 via checked.be.