THALEXIS: 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.
THALEXIS
Largest movements
- Deferred charges and accrued income -€8,320
down €8,320 (-93.3%), from €8,920 to €600
- Cash +€7,318
up €7,318 (+24.4%), from €29,943 to €37,261
mainly Net result for the year (+€8,707) and Deferred charges and accrued income (+€8,320)
- Receivables within one year +€5,856
up €5,856 (+9.8%), from €59,785 to €65,640
of which Trade receivables: +€6,104
- Profit (loss) carried forward +€8,707
up €8,707 (+7.9%), from -€110,337 to -€101,630
- Tax, wage and social debts -€3,622
down €3,622 (-45.2%), from €8,007 to €4,384
of which Remuneration and social security: -€4,927
- Trade debts -€2,236
no longer reported in 2025 (was €2,236)
- Other debts +€2,005
up €2,005 (+22.9%), from €8,742 to €10,747
- Staff costs -€11,059
down €11,059 (-38.6%), from €28,619 to €17,561
- Write-downs +€5,993
new in 2025: €5,993
- Gross operating margin +€3,982
up €3,982 (+12.7%), from €31,410 to €35,392
- Taxes +€2,065
up €2,065 (+191.3%), from €1,080 to €3,145
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 | €98,648 | €103,501 | +€4,853 | +4.9% |
| Current assets | 29/58 | €98,648 | €103,501 | +€4,853 | +4.9% |
| Amounts receivable within one year | 40/41 | €59,785 | €65,640 | +€5,856 | +9.8% |
| Trade receivables | 40 | €13,761 | €19,865 | +€6,104 | +44.4% |
| Other amounts receivable | 41 | €46,024 | €45,775 | -€248 | -0.5% |
| Cash at bank and in hand | 54/58 | €29,943 | €37,261 | +€7,318 | +24.4% |
| Deferred charges and accrued income | 490/1 | €8,920 | €600 | -€8,320 | -93.3% |
| Total equity and liabilities | 10/49 | €98,648 | €103,501 | +€4,853 | +4.9% |
| Equity | 10/15 | €79,663 | €88,370 | +€8,707 | +10.9% |
| Contributions | 10/11 | €190,000 | €190,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€110,337 | -€101,630 | +€8,707 | +7.9% |
| Amounts payable | 17/49 | €18,985 | €15,131 | -€3,854 | -20.3% |
| Amounts payable within one year | 42/48 | €18,985 | €15,131 | -€3,854 | -20.3% |
| Trade debts | 44 | €2,236 | - | -€2,236 | |
| Suppliers | 440/4 | €2,236 | - | -€2,236 | |
| Taxes, remuneration and social security | 45 | €8,007 | €4,384 | -€3,622 | -45.2% |
| Taxes | 450/3 | - | €1,305 | +€1,305 | |
| Remuneration and social security | 454/9 | €8,007 | €3,080 | -€4,927 | -61.5% |
| Other amounts payable | 47/48 | €8,742 | €10,747 | +€2,005 | +22.9% |
| Remuneration, social security and pensions | 62 | €28,619 | €17,561 | -€11,059 | -38.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €5,993 | +€5,993 | |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €31,410 | €35,392 | +€3,982 | +12.7% |
| Operating profit (loss) | 9901 | €2,285 | €11,318 | +€9,033 | +395.3% |
| Financial income | 75/76B | €600 | €600 | +€0 | 0.0% |
| Recurring financial income | 75 | €600 | €600 | +€0 | 0.0% |
| Financial charges | 65/66B | €65 | €67 | +€1 | +2.0% |
| Recurring financial charges | 65 | €65 | €67 | +€1 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €2,820 | €11,852 | +€9,032 | +320.3% |
| Income taxes | 67/77 | €1,080 | €3,145 | +€2,065 | +191.3% |
| Profit (loss) for the period | 9904 | €1,740 | €8,707 | +€6,967 | +400.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,740 | €8,707 | +€6,967 | +400.3% |
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 9 October 2026 via checked.be.