THOROO: 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.
THOROO
Largest movements
- Cash -€13,747
down €13,747 (-72.4%), from €18,988 to €5,241
mainly Net result for the year (-€12,698) and Stocks and contracts (-€5,346)
- Stocks and contracts +€5,346
new in 2025: €5,346
- Receivables within one year +€4,048
up €4,048 (+6.8%), from €59,964 to €64,012
of which Other amounts receivable: +€4,048
- Tangible fixed assets -€1,618
down €1,618 (-60.2%), from €2,688 to €1,070
- Deferred charges and accrued income -€1,013
down €1,013 (-22.2%), from €4,554 to €3,541
- Profit (loss) carried forward -€12,698
down €12,698 (-87.6%), from -€14,499 to -€27,197
- Trade debts +€5,538
up €5,538 (+310%), from €1,787 to €7,325
- Gross operating margin +€7,972
up €7,972 (+38.2%), from -€20,875 to -€12,903
- Financial income -€225
down €225 (-6.3%), from €3,566 to €3,341
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 | €86,194 | €79,211 | -€6,984 | -8.1% |
| Fixed assets | 21/28 | €2,688 | €1,070 | -€1,618 | -60.2% |
| Tangible fixed assets | 22/27 | €2,688 | €1,070 | -€1,618 | -60.2% |
| Plant, machinery and equipment | 23 | €2,688 | €1,070 | -€1,618 | -60.2% |
| Current assets | 29/58 | €83,506 | €78,140 | -€5,366 | -6.4% |
| Stocks and contracts in progress | 3 | - | €5,346 | +€5,346 | |
| Stocks | 30/36 | - | €5,346 | +€5,346 | |
| Amounts receivable within one year | 40/41 | €59,964 | €64,012 | +€4,048 | +6.8% |
| Trade receivables | 40 | €184 | €184 | = | 0.0% |
| Other amounts receivable | 41 | €59,780 | €63,828 | +€4,048 | +6.8% |
| Cash at bank and in hand | 54/58 | €18,988 | €5,241 | -€13,747 | -72.4% |
| Deferred charges and accrued income | 490/1 | €4,554 | €3,541 | -€1,013 | -22.2% |
| Total equity and liabilities | 10/49 | €86,194 | €79,211 | -€6,984 | -8.1% |
| Equity | 10/15 | €84,267 | €71,569 | -€12,698 | -15.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €83,766 | €83,766 | = | 0.0% |
| Distributable reserves | 133 | €83,766 | €83,766 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€14,499 | -€27,197 | -€12,698 | -87.6% |
| Amounts payable | 17/49 | €1,927 | €7,641 | +€5,714 | +296% |
| Amounts payable within one year | 42/48 | €1,927 | €7,641 | +€5,714 | +296% |
| Trade debts | 44 | €1,787 | €7,325 | +€5,538 | +310% |
| Suppliers | 440/4 | €1,787 | €7,325 | +€5,538 | +310% |
| Taxes, remuneration and social security | 45 | €140 | €317 | +€176 | +125% |
| Taxes | 450/3 | €140 | €317 | +€176 | +125% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,738 | €1,618 | -€120 | -6.9% |
| Other operating charges | 640/8 | €592 | €610 | +€18 | +3.0% |
| Gross operating margin | 9900 | -€20,875 | -€12,903 | +€7,972 | +38.2% |
| Operating profit (loss) | 9901 | -€23,205 | -€15,131 | +€8,074 | +34.8% |
| Financial income | 75/76B | €3,566 | €3,341 | -€225 | -6.3% |
| Recurring financial income | 75 | €3,566 | €3,341 | -€225 | -6.3% |
| Financial charges | 65/66B | €727 | €732 | +€4 | +0.6% |
| Recurring financial charges | 65 | €727 | €732 | +€4 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | -€20,367 | -€12,522 | +€7,845 | +38.5% |
| Income taxes | 67/77 | €140 | €176 | +€36 | +25.5% |
| Profit (loss) for the period | 9904 | -€20,507 | -€12,698 | +€7,809 | +38.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€20,507 | -€12,698 | +€7,809 | +38.1% |
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 28 October 2026 via checked.be.