TONNELIER - THOMAS: 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.
TONNELIER - THOMAS
Largest movements
- Cash -€40,242
down €40,242 (-38.0%), from €105,894 to €65,652
mainly Other debts (-€71,726) and Trade debts (-€747)
- Tangible fixed assets -€1,833
down €1,833 (-40.0%), from €4,589 to €2,755
of which Plant, machinery and equipment: -€1,224
- Other debts -€71,726
down €71,726 (-92.7%), from €77,358 to €5,632
- Reserves +€19,459
up €19,459 (+138%), from €14,066 to €33,525
- Tax, wage and social debts +€11,765
up €11,765 (+250%), from €4,711 to €16,475
of which Taxes: +€9,565
- Gross operating margin -€5,586
down €5,586 (-14.2%), from €39,339 to €33,753
- Taxes +€1,243
up €1,243 (+14.5%), from €8,557 to €9,800
- Depreciation -€1,082
down €1,082 (-37.1%), from €2,915 to €1,833
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 | €137,692 | €96,443 | -€41,249 | -30.0% |
| Fixed assets | 21/28 | €4,589 | €2,755 | -€1,833 | -40.0% |
| Tangible fixed assets | 22/27 | €4,589 | €2,755 | -€1,833 | -40.0% |
| Plant, machinery and equipment | 23 | €1,403 | €180 | -€1,224 | -87.2% |
| Furniture and vehicles | 24 | €3,186 | €2,576 | -€610 | -19.1% |
| Current assets | 29/58 | €133,103 | €93,688 | -€39,415 | -29.6% |
| Stocks and contracts in progress | 3 | €1,986 | €2,591 | +€606 | +30.5% |
| Stocks | 30/36 | €1,986 | €2,591 | +€606 | +30.5% |
| Amounts receivable within one year | 40/41 | €22,214 | €22,747 | +€533 | +2.4% |
| Trade receivables | 40 | €21,720 | €22,410 | +€691 | +3.2% |
| Other amounts receivable | 41 | €495 | €337 | -€158 | -31.9% |
| Cash at bank and in hand | 54/58 | €105,894 | €65,652 | -€40,242 | -38.0% |
| Deferred charges and accrued income | 490/1 | €3,010 | €2,698 | -€312 | -10.4% |
| Total equity and liabilities | 10/49 | €137,692 | €96,443 | -€41,249 | -30.0% |
| Equity | 10/15 | €49,066 | €68,525 | +€19,459 | +39.7% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €14,066 | €33,525 | +€19,459 | +138% |
| Distributable reserves | 133 | €14,066 | €33,525 | +€19,459 | +138% |
| Amounts payable | 17/49 | €88,626 | €27,918 | -€60,708 | -68.5% |
| Amounts payable within one year | 42/48 | €88,626 | €27,918 | -€60,708 | -68.5% |
| Trade debts | 44 | €6,558 | €5,811 | -€747 | -11.4% |
| Suppliers | 440/4 | €6,558 | €5,811 | -€747 | -11.4% |
| Taxes, remuneration and social security | 45 | €4,711 | €16,475 | +€11,765 | +250% |
| Taxes | 450/3 | €4,711 | €14,275 | +€9,565 | +203% |
| Remuneration and social security | 454/9 | - | €2,200 | +€2,200 | |
| Other amounts payable | 47/48 | €77,358 | €5,632 | -€71,726 | -92.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,915 | €1,833 | -€1,082 | -37.1% |
| Other operating charges | 640/8 | €1,442 | €1,818 | +€376 | +26.1% |
| Gross operating margin | 9900 | €39,339 | €33,753 | -€5,586 | -14.2% |
| Operating profit (loss) | 9901 | €34,983 | €30,102 | -€4,881 | -14.0% |
| Financial charges | 65/66B | €1,076 | €843 | -€233 | -21.7% |
| Recurring financial charges | 65 | €1,076 | €843 | -€233 | -21.7% |
| Profit (loss) for the period before taxes | 9903 | €33,907 | €29,259 | -€4,647 | -13.7% |
| Income taxes | 67/77 | €8,557 | €9,800 | +€1,243 | +14.5% |
| Profit (loss) for the period | 9904 | €25,349 | €19,459 | -€5,890 | -23.2% |
| Profit (loss) for the period to be appropriated | 9905 | €25,349 | €19,459 | -€5,890 | -23.2% |
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 23 October 2026 via checked.be.