THAMMAR: 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.
THAMMAR
Largest movements
- Tangible fixed assets -€5,901
down €5,901 (-23.7%), from €24,908 to €19,006
of which Furniture and vehicles: -€6,796
- Receivables within one year -€3,151
down €3,151 (-21.2%), from €14,844 to €11,693
of which Other amounts receivable: -€3,368
- Cash +€1,838
up €1,838 (+6.4%), from €28,650 to €30,488
mainly Depreciation (+€11,820) and Receivables within one year (+€3,151)
- Debts after one year -€7,232
down €7,232 (-85.6%), from €8,450 to €1,218
- Gross operating margin -€2,576
down €2,576 (-15.9%), from €16,185 to €13,609
- Depreciation +€453
up €453 (+4.0%), from €11,366 to €11,820
- Financial charges +€272
up €272 (+69.5%), from €392 to €664
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 | €69,481 | €62,753 | -€6,728 | -9.7% |
| Fixed assets | 21/28 | €24,908 | €19,006 | -€5,901 | -23.7% |
| Tangible fixed assets | 22/27 | €24,908 | €19,006 | -€5,901 | -23.7% |
| Land and buildings | 22 | €1,045 | €3,748 | +€2,703 | +259% |
| Plant, machinery and equipment | 23 | €4,505 | €2,697 | -€1,808 | -40.1% |
| Furniture and vehicles | 24 | €19,358 | €12,562 | -€6,796 | -35.1% |
| Current assets | 29/58 | €44,573 | €43,747 | -€827 | -1.9% |
| Stocks and contracts in progress | 3 | €1,037 | €1,519 | +€482 | +46.4% |
| Stocks | 30/36 | €1,037 | €1,519 | +€482 | +46.4% |
| Amounts receivable within one year | 40/41 | €14,844 | €11,693 | -€3,151 | -21.2% |
| Trade receivables | 40 | €11,389 | €11,606 | +€218 | +1.9% |
| Other amounts receivable | 41 | €3,455 | €87 | -€3,368 | -97.5% |
| Cash at bank and in hand | 54/58 | €28,650 | €30,488 | +€1,838 | +6.4% |
| Deferred charges and accrued income | 490/1 | €42 | €47 | +€4 | +10.6% |
| Total equity and liabilities | 10/49 | €69,481 | €62,753 | -€6,728 | -9.7% |
| Equity | 10/15 | €49,783 | €50,115 | +€333 | +0.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €48,159 | €48,159 | = | 0.0% |
| Distributable reserves | 133 | €48,159 | €48,159 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,777 | -€10,444 | +€333 | +3.1% |
| Amounts payable | 17/49 | €19,698 | €12,638 | -€7,061 | -35.8% |
| Amounts payable after more than one year | 17 | €8,450 | €1,218 | -€7,232 | -85.6% |
| Financial debts | 170/4 | €8,450 | €1,218 | -€7,232 | -85.6% |
| Amounts payable within one year | 42/48 | €11,248 | €11,419 | +€171 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €7,103 | €7,232 | +€129 | +1.8% |
| Trade debts | 44 | €2,095 | €1,964 | -€131 | -6.3% |
| Suppliers | 440/4 | €2,095 | €1,964 | -€131 | -6.3% |
| Taxes, remuneration and social security | 45 | €2,050 | €1,579 | -€471 | -23.0% |
| Taxes | 450/3 | €2,050 | €1,579 | -€471 | -23.0% |
| Other amounts payable | 47/48 | - | €645 | +€645 | |
| Non-recurring operating income | 76A | €1,240 | €0 | -€1,240 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,366 | €11,820 | +€453 | +4.0% |
| Other operating charges | 640/8 | €788 | €793 | +€5 | +0.7% |
| Gross operating margin | 9900 | €16,185 | €13,609 | -€2,576 | -15.9% |
| Operating profit (loss) | 9901 | €4,032 | €996 | -€3,035 | -75.3% |
| Financial income | 75/76B | €109 | €0 | -€109 | -100% |
| Recurring financial income | 75 | €109 | €0 | -€109 | -100% |
| Financial charges | 65/66B | €392 | €664 | +€272 | +69.5% |
| Recurring financial charges | 65 | €392 | €664 | +€272 | +69.5% |
| Profit (loss) for the period before taxes | 9903 | €3,749 | €333 | -€3,416 | -91.1% |
| Profit (loss) for the period | 9904 | €3,749 | €333 | -€3,416 | -91.1% |
| Profit (loss) for the period to be appropriated | 9905 | €3,749 | €333 | -€3,416 | -91.1% |
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 14 October 2026 via checked.be.