THONIS: 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.
THONIS
Largest movements
- Stocks and contracts +€2.2m
up €2.2m (+53.4%), from €4.1m to €6.3m
- Receivables within one year -€675,155
down €675,155 (-48.7%), from €1.4m to €710,871
of which Other amounts receivable: -€691,867
- Cash -€611,559
down €611,559 (-94.4%), from €648,041 to €36,482
mainly Stocks and contracts (-€2.2m) and Short-term financial debts (-€1.4m)
- Advances received +€2.1m
up €2.1m (+88.9%), from €2.3m to €4.4m
- Short-term financial debts -€1.4m
down €1.4m (-41.8%), from €3.3m to €1.9m
- Other debts +€485,000
up €485,000 (+215%), from €226,000 to €711,000
- Trade debts -€160,382
down €160,382 (-88.2%), from €181,748 to €21,366
- Tax, wage and social debts -€125,942
no longer reported in 2025 (was €125,942)
- Gross operating margin -€7,171
down €7,171 (-682%), from -€1,052 to -€8,222
- Financial charges +€132
up €132 (+188,171%), from €0 to €132
- Other operating charges -€101
no longer reported in 2025 (was €101)
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 | €6,124,791 | €7,023,367 | +€898,576 | +14.7% |
| Current assets | 29/58 | €6,124,791 | €7,023,367 | +€898,576 | +14.7% |
| Stocks and contracts in progress | 3 | €4,090,724 | €6,276,014 | +€2.2m | +53.4% |
| Stocks | 30/36 | €4,090,724 | €6,276,014 | +€2.2m | +53.4% |
| Amounts receivable within one year | 40/41 | €1,386,026 | €710,871 | -€675,155 | -48.7% |
| Trade receivables | 40 | €16,365 | €33,078 | +€16,713 | +102% |
| Other amounts receivable | 41 | €1,369,661 | €677,793 | -€691,867 | -50.5% |
| Cash at bank and in hand | 54/58 | €648,041 | €36,482 | -€611,559 | -94.4% |
| Total equity and liabilities | 10/49 | €6,124,791 | €7,023,367 | +€898,576 | +14.7% |
| Equity | 10/15 | -€4,602 | -€12,955 | -€8,353 | -182% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,602 | -€22,955 | -€8,353 | -57.2% |
| Amounts payable | 17/49 | €6,129,392 | €7,036,322 | +€906,930 | +14.8% |
| Amounts payable within one year | 42/48 | €6,116,384 | €7,028,921 | +€912,538 | +14.9% |
| Financial debts | 43 | €3,251,880 | €1,893,880 | -€1.4m | -41.8% |
| Credit institutions | 430/8 | €3,251,880 | €1,893,880 | -€1.4m | -41.8% |
| Trade debts | 44 | €181,748 | €21,366 | -€160,382 | -88.2% |
| Suppliers | 440/4 | €181,748 | €21,366 | -€160,382 | -88.2% |
| Advances received on contracts in progress | 46 | €2,330,814 | €4,402,675 | +€2.1m | +88.9% |
| Taxes, remuneration and social security | 45 | €125,942 | - | -€125,942 | |
| Taxes | 450/3 | €125,942 | - | -€125,942 | |
| Other amounts payable | 47/48 | €226,000 | €711,000 | +€485,000 | +215% |
| Accrued charges and deferred income | 492/3 | €13,009 | €7,401 | -€5,608 | -43.1% |
| Other operating charges | 640/8 | €101 | - | -€101 | |
| Gross operating margin | 9900 | -€1,052 | -€8,222 | -€7,171 | -682% |
| Operating profit (loss) | 9901 | -€1,153 | -€8,222 | -€7,070 | -613% |
| Financial income | 75/76B | €0 | €1 | +€0 | +103% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +103% |
| Financial charges | 65/66B | €0 | €132 | +€132 | +188,171% |
| Recurring financial charges | 65 | €0 | €132 | +€132 | +188,171% |
| Profit (loss) for the period before taxes | 9903 | -€1,152 | -€8,353 | -€7,201 | -625% |
| Profit (loss) for the period | 9904 | -€1,152 | -€8,353 | -€7,201 | -625% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,152 | -€8,353 | -€7,201 | -625% |
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 16 October 2026 via checked.be.