THAUMALO: 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.
THAUMALO
Largest movements
- Receivables within one year +€27,879
up €27,879 (+37.4%), from €74,591 to €102,470
of which Trade receivables: +€14,749
- Cash +€12,657
up €12,657 (+13.6%), from €93,394 to €106,051
mainly Net result for the year (+€53,608) and Deferred charges and accrued income (+€10,434)
- Deferred charges and accrued income -€10,434
down €10,434 (-96.1%), from €10,861 to €427
- Tangible fixed assets -€7,528
down €7,528 (-82.9%), from €9,078 to €1,550
of which Furniture and vehicles: -€7,365
- Reserves +€53,608
up €53,608 (+40.3%), from €133,103 to €186,711
of which Distributable reserves: +€53,608
- Trade debts -€24,453
down €24,453 (-97.8%), from €25,000 to €547
- Tax, wage and social debts -€10,591
down €10,591 (-31.6%), from €33,564 to €22,973
- Other debts +€3,276
new in 2025: €3,276
- Gross operating margin +€25,617
up €25,617 (+38.7%), from €66,179 to €91,796
- Taxes +€9,653
up €9,653 (+51.0%), from €18,916 to €28,569
- Depreciation -€4,078
down €4,078 (-35.1%), from €11,606 to €7,528
- Other operating charges +€1,299
up €1,299 (+297%), from €437 to €1,736
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 | €197,924 | €220,498 | +€22,574 | +11.4% |
| Fixed assets | 21/28 | €19,078 | €11,550 | -€7,528 | -39.5% |
| Tangible fixed assets | 22/27 | €9,078 | €1,550 | -€7,528 | -82.9% |
| Plant, machinery and equipment | 23 | €513 | €411 | -€102 | -19.9% |
| Furniture and vehicles | 24 | €8,220 | €855 | -€7,365 | -89.6% |
| Other tangible fixed assets | 26 | €345 | €284 | -€61 | -17.7% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €178,846 | €208,948 | +€30,102 | +16.8% |
| Amounts receivable within one year | 40/41 | €74,591 | €102,470 | +€27,879 | +37.4% |
| Trade receivables | 40 | €3,445 | €18,194 | +€14,749 | +428% |
| Other amounts receivable | 41 | €71,146 | €84,276 | +€13,130 | +18.5% |
| Cash at bank and in hand | 54/58 | €93,394 | €106,051 | +€12,657 | +13.6% |
| Deferred charges and accrued income | 490/1 | €10,861 | €427 | -€10,434 | -96.1% |
| Total equity and liabilities | 10/49 | €197,924 | €220,498 | +€22,574 | +11.4% |
| Equity | 10/15 | €139,303 | €192,911 | +€53,608 | +38.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €133,103 | €186,711 | +€53,608 | +40.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €131,243 | €184,851 | +€53,608 | +40.8% |
| Amounts payable | 17/49 | €58,621 | €27,587 | -€31,034 | -52.9% |
| Amounts payable within one year | 42/48 | €58,564 | €26,796 | -€31,768 | -54.2% |
| Trade debts | 44 | €25,000 | €547 | -€24,453 | -97.8% |
| Suppliers | 440/4 | €25,000 | €547 | -€24,453 | -97.8% |
| Taxes, remuneration and social security | 45 | €33,564 | €22,973 | -€10,591 | -31.6% |
| Taxes | 450/3 | €33,564 | €22,973 | -€10,591 | -31.6% |
| Other amounts payable | 47/48 | - | €3,276 | +€3,276 | |
| Accrued charges and deferred income | 492/3 | €57 | €791 | +€734 | +1,288% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,606 | €7,528 | -€4,078 | -35.1% |
| Other operating charges | 640/8 | €437 | €1,736 | +€1,299 | +297% |
| Gross operating margin | 9900 | €66,179 | €91,796 | +€25,617 | +38.7% |
| Operating profit (loss) | 9901 | €54,136 | €82,532 | +€28,396 | +52.5% |
| Financial income | 75/76B | €892 | - | -€892 | |
| Recurring financial income | 75 | €892 | - | -€892 | |
| Financial charges | 65/66B | €170 | €355 | +€185 | +109% |
| Recurring financial charges | 65 | €170 | €355 | +€185 | +109% |
| Profit (loss) for the period before taxes | 9903 | €54,858 | €82,177 | +€27,319 | +49.8% |
| Income taxes | 67/77 | €18,916 | €28,569 | +€9,653 | +51.0% |
| Profit (loss) for the period | 9904 | €35,942 | €53,608 | +€17,666 | +49.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,942 | €53,608 | +€17,666 | +49.2% |
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 16 October 2026 via checked.be.