THOZINVEST: 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.
What changed
THOZINVEST
NACE 52.230, Warehousing and support activities for transportation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€54,409
2024 · €174,846-€120,437
Equity
€785,285
2024 · €730,876+€54,409
Cash
€133,683
2024 · €108,889+€24,794
Balance sheet total
€6.5m
2024 · €6.3m+€186,449
Largest movements
Assets
- Tangible fixed assets +€96,337
up €96,337 (+5.1%), from €1.9m to €2.0m
of which Furniture and vehicles: +€102,634
- Stocks and contracts +€92,044
up €92,044 (+2.1%), from €4.3m to €4.4m
Equity and liabilities
- Other debts +€210,723
up €210,723 (+8.0%), from €2.6m to €2.9m
Income statement
- Gross operating margin -€55,473
down €55,473 (-30.0%), from €185,054 to €129,581
- Depreciation +€23,857
up €23,857 (+120%), from €19,914 to €43,771
- Staff costs +€22,336
up €22,336 (+237%), from €9,438 to €31,774
- Taxes +€13,888
up €13,888 (+822%), from €1,689 to €15,577
- Financial income -€9,986
down €9,986 (-21.4%), from €46,769 to €36,783
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.
Result 2024
€174,846
Gross operating margin
-€55,473
Staff costs
-€22,336
Depreciation
-€23,857
Other operating charges
+€3,590
Financial income
-€9,986
Financial charges
+€1,514
Taxes
-€13,888
Result 2025
€54,409
raises the resultlowers the result
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.
From operations
+€198,239
Investment
-€140,108
Financing
-€33,338
Cash 2024
€108,889
From operations (derived)
+€198,239
Net result for the year
+€54,409
Depreciation
+€43,771
Stocks and contracts
-€92,044
Receivables within one year
+€24,187
Deferred charges and accrued income
+€2,538
Trade debts
-€4,132
Tax, wage and social debts
-€3,813
Other debts
+€210,723
Accrued charges and deferred income
-€37,400
Investment (derived)
-€140,108
Investment in fixed assets (net)
-€140,108
Financing
-€33,338
Debts after one year
-€33,338
Cash 2025
€133,683
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,312,473 | €6,498,923 | +€186,449 | +3.0% |
| Fixed assets | 21/28 | €1,883,363 | €1,979,700 | +€96,337 | +5.1% |
| Tangible fixed assets | 22/27 | €1,883,334 | €1,979,671 | +€96,337 | +5.1% |
| Land and buildings | 22 | €1,865,853 | €1,860,840 | -€5,013 | -0.3% |
| Plant, machinery and equipment | 23 | €2,876 | €1,592 | -€1,284 | -44.7% |
| Furniture and vehicles | 24 | €14,605 | €117,239 | +€102,634 | +703% |
| Financial fixed assets | 28 | €29 | €29 | = | 0.0% |
| Current assets | 29/58 | €4,429,110 | €4,519,222 | +€90,112 | +2.0% |
| Stocks and contracts in progress | 3 | €4,284,781 | €4,376,825 | +€92,044 | +2.1% |
| Stocks | 30/36 | €4,284,781 | €4,376,825 | +€92,044 | +2.1% |
| Amounts receivable within one year | 40/41 | €27,838 | €3,651 | -€24,187 | -86.9% |
| Trade receivables | 40 | €27,838 | €576 | -€27,262 | -97.9% |
| Other amounts receivable | 41 | - | €3,075 | +€3,075 | |
| Cash at bank and in hand | 54/58 | €108,889 | €133,683 | +€24,794 | +22.8% |
| Deferred charges and accrued income | 490/1 | €7,602 | €5,064 | -€2,538 | -33.4% |
| Total equity and liabilities | 10/49 | €6,312,473 | €6,498,923 | +€186,449 | +3.0% |
| Equity | 10/15 | €730,876 | €785,285 | +€54,409 | +7.4% |
| Contributions | 10/11 | €1,200,000 | €1,200,000 | = | 0.0% |
| Reserves | 13 | €11,331 | €11,331 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Tax-exempt reserves | 132 | €440 | €440 | = | 0.0% |
| Distributable reserves | 133 | €7,793 | €7,793 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€480,456 | -€426,046 | +€54,409 | +11.3% |
| Amounts payable | 17/49 | €5,581,598 | €5,713,637 | +€132,040 | +2.4% |
| Amounts payable after more than one year | 17 | €2,895,668 | €2,862,330 | -€33,338 | -1.2% |
| Financial debts | 170/4 | €2,846,530 | €2,846,530 | = | 0.0% |
| Other amounts payable | 178/9 | €49,138 | €15,800 | -€33,338 | -67.8% |
| Amounts payable within one year | 42/48 | €2,648,529 | €2,851,307 | +€202,778 | +7.7% |
| Trade debts | 44 | €4,132 | - | -€4,132 | |
| Suppliers | 440/4 | €4,132 | - | -€4,132 | |
| Taxes, remuneration and social security | 45 | €4,575 | €762 | -€3,813 | -83.3% |
| Taxes | 450/3 | €2,820 | €762 | -€2,059 | -73.0% |
| Remuneration and social security | 454/9 | €1,755 | - | -€1,755 | |
| Other amounts payable | 47/48 | €2,639,822 | €2,850,545 | +€210,723 | +8.0% |
| Accrued charges and deferred income | 492/3 | €37,400 | - | -€37,400 | |
| Non-recurring operating income | 76A | €57,108 | €9,835 | -€47,273 | -82.8% |
| Remuneration, social security and pensions | 62 | €9,438 | €31,774 | +€22,336 | +237% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,914 | €43,771 | +€23,857 | +120% |
| Other operating charges | 640/8 | €23,281 | €19,691 | -€3,590 | -15.4% |
| Gross operating margin | 9900 | €185,054 | €129,581 | -€55,473 | -30.0% |
| Operating profit (loss) | 9901 | €132,421 | €34,345 | -€98,076 | -74.1% |
| Financial income | 75/76B | €46,769 | €36,783 | -€9,986 | -21.4% |
| Recurring financial income | 75 | €46,769 | €36,783 | -€9,986 | -21.4% |
| Financial charges | 65/66B | €2,656 | €1,142 | -€1,514 | -57.0% |
| Recurring financial charges | 65 | €2,656 | €1,142 | -€1,514 | -57.0% |
| Profit (loss) for the period before taxes | 9903 | €176,535 | €69,986 | -€106,548 | -60.4% |
| Income taxes | 67/77 | €1,689 | €15,577 | +€13,888 | +822% |
| Profit (loss) for the period | 9904 | €174,846 | €54,409 | -€120,437 | -68.9% |
| Profit (loss) for the period to be appropriated | 9905 | €174,846 | €54,409 | -€120,437 | -68.9% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.