THOMI: 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
THOMI
NACE 70.200, Business and other management consultancy
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€4.8m
2024 · €3.7m+€1.2m
Equity
€41.7m
2024 · €37.9m+€3.8m
Cash
€160,706
2024 · €417,098-€256,392
Balance sheet total
€42.3m
2024 · €38.4m+€3.9m
Largest movements
Assets
- Current investments +€4.5m
up €4.5m (+51.8%), from €8.7m to €13.2m
Equity and liabilities
- Reserves +€3.8m
up €3.8m (+26.1%), from €14.4m to €18.2m
of which Distributable reserves: +€3.8m
Income statement
- Financial income +€1.3m
up €1.3m (+30.9%), from €4.2m to €5.4m
- Taxes +€112,698
up €112,698 (+23.9%), from €472,072 to €584,770
- Staff costs -€61,210
down €61,210 (-9.7%), from €632,855 to €571,645
- Gross operating margin -€56,130
down €56,130 (-9.1%), from €617,570 to €561,440
- Depreciation +€7,805
up €7,805 (+86.3%), from €9,042 to €16,848
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
€3.7m
Gross operating margin
-€56,130
Staff costs
+€61,210
Depreciation
-€7,805
Other operating charges
-€96
Financial income
+€1.3m
Financial charges
+€2,312
Taxes
-€112,698
Result 2025
€4.8m
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
+€5.2m
Investment
-€4.4m
Financing
-€1.1m
Cash 2024
€417,098
From operations (derived)
+€5.2m
Net result for the year
+€4.8m
Depreciation
+€16,848
Receivables within one year
+€305,745
Deferred charges and accrued income
-€52,224
Trade debts
+€5,804
Tax, wage and social debts
+€100,513
Investment (derived)
-€4.4m
Investment in fixed assets (net)
+€115,315
Current investments
-€4.5m
Financing
-€1.1m
Contributions, distributions and other
-€1.1m
Cash 2025
€160,706
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,420,999 | €42,289,388 | +€3.9m | +10.1% |
| Fixed assets | 21/28 | €28,810,729 | €28,678,567 | -€132,162 | -0.5% |
| Tangible fixed assets | 22/27 | €44,609 | €78,661 | +€34,051 | +76.3% |
| Furniture and vehicles | 24 | €44,609 | €78,661 | +€34,051 | +76.3% |
| Financial fixed assets | 28 | €28,766,120 | €28,599,906 | -€166,214 | -0.6% |
| Current assets | 29/58 | €9,610,269 | €13,610,821 | +€4.0m | +41.6% |
| Amounts receivable within one year | 40/41 | €370,312 | €64,566 | -€305,745 | -82.6% |
| Trade receivables | 40 | €363,736 | €64,566 | -€299,170 | -82.2% |
| Other amounts receivable | 41 | €6,576 | €0 | -€6,576 | -100% |
| Current investments | 50/53 | €8,706,532 | €13,216,997 | +€4.5m | +51.8% |
| Cash at bank and in hand | 54/58 | €417,098 | €160,706 | -€256,392 | -61.5% |
| Deferred charges and accrued income | 490/1 | €116,328 | €168,552 | +€52,224 | +44.9% |
| Total equity and liabilities | 10/49 | €38,420,999 | €42,289,388 | +€3.9m | +10.1% |
| Equity | 10/15 | €37,913,990 | €41,676,063 | +€3.8m | +9.9% |
| Contributions | 10/11 | €23,505,337 | €23,505,337 | = | 0.0% |
| Reserves | 13 | €14,408,653 | €18,170,726 | +€3.8m | +26.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €14,408,653 | €18,170,726 | +€3.8m | +26.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €507,008 | €613,325 | +€106,317 | +21.0% |
| Amounts payable within one year | 42/48 | €507,008 | €613,325 | +€106,317 | +21.0% |
| Trade debts | 44 | €11,185 | €16,989 | +€5,804 | +51.9% |
| Suppliers | 440/4 | €11,185 | €16,989 | +€5,804 | +51.9% |
| Taxes, remuneration and social security | 45 | €495,824 | €596,336 | +€100,513 | +20.3% |
| Taxes | 450/3 | €411,347 | €493,512 | +€82,165 | +20.0% |
| Remuneration and social security | 454/9 | €84,477 | €102,824 | +€18,347 | +21.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Non-recurring operating income | 76A | €5,882 | €0 | -€5,882 | -100% |
| Remuneration, social security and pensions | 62 | €632,855 | €571,645 | -€61,210 | -9.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,042 | €16,848 | +€7,805 | +86.3% |
| Other operating charges | 640/8 | €1,606 | €1,702 | +€96 | +6.0% |
| Gross operating margin | 9900 | €617,570 | €561,440 | -€56,130 | -9.1% |
| Operating profit (loss) | 9901 | -€25,933 | -€28,755 | -€2,821 | -10.9% |
| Financial income | 75/76B | €4,158,972 | €5,443,967 | +€1.3m | +30.9% |
| Recurring financial income | 75 | €4,158,972 | €5,443,967 | +€1.3m | +30.9% |
| Financial charges | 65/66B | €2,711 | €399 | -€2,312 | -85.3% |
| Recurring financial charges | 65 | €2,711 | €399 | -€2,312 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €4,130,328 | €5,414,813 | +€1.3m | +31.1% |
| Income taxes | 67/77 | €472,072 | €584,770 | +€112,698 | +23.9% |
| Profit (loss) for the period | 9904 | €3,658,256 | €4,830,043 | +€1.2m | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,658,256 | €4,830,043 | +€1.2m | +32.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.