THAMBEKA: 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.
THAMBEKA
Largest movements
- Cash +€99,527
up €99,527 (+108%), from €92,473 to €192,000
mainly Net result for the year (+€91,853) and Tax, wage and social debts (+€5,168)
- Profit (loss) carried forward +€91,853
up €91,853, from €0 to €91,853
- Tax, wage and social debts +€5,168
up €5,168 (+17.3%), from €29,949 to €35,117
- Gross operating margin +€11,580
up €11,580 (+10.6%), from €109,245 to €120,825
- Taxes +€3,689
up €3,689 (+16.9%), from €21,842 to €25,532
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 | €116,660 | €213,772 | +€97,112 | +83.2% |
| Fixed assets | 21/28 | €3,241 | €2,733 | -€509 | -15.7% |
| Tangible fixed assets | 22/27 | €3,241 | €2,733 | -€509 | -15.7% |
| Plant, machinery and equipment | 23 | €1,562 | €1,247 | -€316 | -20.2% |
| Furniture and vehicles | 24 | €1,679 | €1,486 | -€193 | -11.5% |
| Current assets | 29/58 | €113,418 | €211,039 | +€97,621 | +86.1% |
| Amounts receivable within one year | 40/41 | €18,475 | €18,263 | -€212 | -1.1% |
| Trade receivables | 40 | €18,475 | €18,263 | -€212 | -1.1% |
| Cash at bank and in hand | 54/58 | €92,473 | €192,000 | +€99,527 | +108% |
| Deferred charges and accrued income | 490/1 | €2,470 | €775 | -€1,695 | -68.6% |
| Total equity and liabilities | 10/49 | €116,660 | €213,772 | +€97,112 | +83.2% |
| Equity | 10/15 | €84,941 | €176,794 | +€91,853 | +108% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €81,941 | €81,941 | = | 0.0% |
| Distributable reserves | 133 | €81,941 | €81,941 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €91,853 | +€91,853 | |
| Amounts payable | 17/49 | €31,719 | €36,978 | +€5,259 | +16.6% |
| Amounts payable within one year | 42/48 | €30,924 | €36,978 | +€6,054 | +19.6% |
| Trade debts | 44 | €795 | €1,102 | +€307 | +38.7% |
| Suppliers | 440/4 | €795 | €1,102 | +€307 | +38.7% |
| Taxes, remuneration and social security | 45 | €29,949 | €35,117 | +€5,168 | +17.3% |
| Taxes | 450/3 | €29,949 | €35,117 | +€5,168 | +17.3% |
| Other amounts payable | 47/48 | €180 | €759 | +€578 | +321% |
| Accrued charges and deferred income | 492/3 | €795 | €0 | -€795 | -100% |
| Non-recurring operating income | 76A | - | €2,807 | +€2,807 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €418 | €1,030 | +€612 | +146% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €109,245 | €120,825 | +€11,580 | +10.6% |
| Operating profit (loss) | 9901 | €108,709 | €119,676 | +€10,966 | +10.1% |
| Financial income | 75/76B | €0 | €78 | +€77 | +774,900% |
| Recurring financial income | 75 | €0 | €78 | +€77 | +774,900% |
| Financial charges | 65/66B | €2,615 | €2,368 | -€247 | -9.4% |
| Recurring financial charges | 65 | €2,615 | €2,368 | -€247 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €106,094 | €117,385 | +€11,291 | +10.6% |
| Income taxes | 67/77 | €21,842 | €25,532 | +€3,689 | +16.9% |
| Profit (loss) for the period | 9904 | €84,252 | €91,853 | +€7,601 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,252 | €91,853 | +€7,601 | +9.0% |
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.