THALAMAR: 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.
THALAMAR
Largest movements
- Tangible fixed assets -€31,886
down €31,886 (-3.5%), from €903,060 to €871,173
- Profit (loss) carried forward -€39,588
down €39,588 (-9.7%), from -€409,606 to -€449,194
- Accrued charges and deferred income +€14,924
up €14,924 (+33.1%), from €45,076 to €60,000
- Gross operating margin +€9,080
up €9,080 (+147.9%), from €6,140 to €15,220
- Financial charges -€2,403
down €2,403 (-13.7%), from €17,531 to €15,128
- Other operating charges +€237
up €237 (+3.1%), from €7,556 to €7,793
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.
Cash bridge derived
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 | €940,074 | €915,257 | -€24,817 | -2.6% |
| Fixed assets | 21/28 | €903,060 | €871,173 | -€31,886 | -3.5% |
| Tangible fixed assets | 22/27 | €903,060 | €871,173 | -€31,886 | -3.5% |
| Land and buildings | 22 | €903,060 | €871,173 | -€31,886 | -3.5% |
| Current assets | 29/58 | €37,015 | €44,084 | +€7,069 | +19.1% |
| Cash at bank and in hand | 54/58 | €36,973 | €44,042 | +€7,069 | +19.1% |
| Deferred charges and accrued income | 490/1 | €42 | €42 | = | 0.0% |
| Total equity and liabilities | 10/49 | €940,074 | €915,257 | -€24,817 | -2.6% |
| Equity | 10/15 | €340,394 | €300,806 | -€39,588 | -11.6% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€409,606 | -€449,194 | -€39,588 | -9.7% |
| Amounts payable | 17/49 | €599,681 | €614,452 | +€14,771 | +2.5% |
| Amounts payable after more than one year | 17 | €550,000 | €550,000 | = | 0.0% |
| Financial debts | 170/4 | €550,000 | €550,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €4,605 | €4,452 | -€153 | -3.3% |
| Trade debts | 44 | €4,605 | €4,452 | -€153 | -3.3% |
| Suppliers | 440/4 | €4,605 | €4,452 | -€153 | -3.3% |
| Accrued charges and deferred income | 492/3 | €45,076 | €60,000 | +€14,924 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,886 | €31,886 | = | 0.0% |
| Other operating charges | 640/8 | €7,556 | €7,793 | +€237 | +3.1% |
| Gross operating margin | 9900 | €6,140 | €15,220 | +€9,080 | +147.9% |
| Operating profit (loss) | 9901 | -€33,303 | -€24,460 | +€8,843 | +26.6% |
| Financial charges | 65/66B | €17,531 | €15,128 | -€2,403 | -13.7% |
| Recurring financial charges | 65 | €17,531 | €15,128 | -€2,403 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | -€50,834 | -€39,588 | +€11,246 | +22.1% |
| Profit (loss) for the period | 9904 | -€50,834 | -€39,588 | +€11,246 | +22.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€50,834 | -€39,588 | +€11,246 | +22.1% |
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 10 October 2026 via checked.be.