THAAMS: 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.
THAAMS
Largest movements
- Cash +€75,104
up €75,104 (+250%), from €30,084 to €105,189
mainly Net result for the year (+€58,495) and Receivables within one year (+€13,292)
- Receivables within one year -€13,292
down €13,292 (-57.1%), from €23,275 to €9,983
- Reserves +€56,835
up €56,835 (+217%), from €26,214 to €83,048
- Tax, wage and social debts +€2,834
up €2,834 (+13.3%), from €21,236 to €24,070
of which Taxes: +€4,436
- Other debts +€1,243
up €1,243 (+41.0%), from €3,031 to €4,275
- Gross operating margin +€38,878
up €38,878 (+109%), from €35,514 to €74,392
- Taxes +€7,799
up €7,799 (+105%), from €7,415 to €15,214
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 | €55,530 | €117,022 | +€61,492 | +111% |
| Fixed assets | 21/28 | €1,529 | €1,004 | -€525 | -34.4% |
| Tangible fixed assets | 22/27 | €1,529 | €1,004 | -€525 | -34.4% |
| Furniture and vehicles | 24 | €1,529 | €1,004 | -€525 | -34.4% |
| Current assets | 29/58 | €54,001 | €116,018 | +€62,018 | +115% |
| Amounts receivable within one year | 40/41 | €23,275 | €9,983 | -€13,292 | -57.1% |
| Trade receivables | 40 | €23,275 | €9,983 | -€13,292 | -57.1% |
| Cash at bank and in hand | 54/58 | €30,084 | €105,189 | +€75,104 | +250% |
| Deferred charges and accrued income | 490/1 | €642 | €847 | +€206 | +32.0% |
| Total equity and liabilities | 10/49 | €55,530 | €117,022 | +€61,492 | +111% |
| Equity | 10/15 | €31,214 | €88,048 | +€56,835 | +182% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,214 | €83,048 | +€56,835 | +217% |
| Distributable reserves | 133 | €26,214 | €83,048 | +€56,835 | +217% |
| Amounts payable | 17/49 | €24,316 | €28,974 | +€4,658 | +19.2% |
| Amounts payable within one year | 42/48 | €24,316 | €28,974 | +€4,658 | +19.2% |
| Trade debts | 44 | €49 | €629 | +€580 | +1,183% |
| Suppliers | 440/4 | €49 | €629 | +€580 | +1,183% |
| Taxes, remuneration and social security | 45 | €21,236 | €24,070 | +€2,834 | +13.3% |
| Taxes | 450/3 | €18,976 | €23,412 | +€4,436 | +23.4% |
| Remuneration and social security | 454/9 | €2,260 | €657 | -€1,602 | -70.9% |
| Other amounts payable | 47/48 | €3,031 | €4,275 | +€1,243 | +41.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €525 | +€478 | +1,009% |
| Other operating charges | 640/8 | €50 | €105 | +€55 | +110% |
| Gross operating margin | 9900 | €35,514 | €74,392 | +€38,878 | +109% |
| Operating profit (loss) | 9901 | €35,417 | €73,762 | +€38,345 | +108% |
| Financial charges | 65/66B | €68 | €54 | -€14 | -20.9% |
| Recurring financial charges | 65 | €68 | €54 | -€14 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €35,349 | €73,708 | +€38,360 | +109% |
| Income taxes | 67/77 | €7,415 | €15,214 | +€7,799 | +105% |
| Profit (loss) for the period | 9904 | €27,934 | €58,495 | +€30,561 | +109% |
| Profit (loss) for the period to be appropriated | 9905 | €27,934 | €58,495 | +€30,561 | +109% |
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 19 October 2026 via checked.be.