THEADROME: 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.
THEADROME
Largest movements
- Receivables within one year +€10,878
up €10,878 (+405%), from €2,685 to €13,563
of which Trade receivables: +€11,665
- Cash +€9,200
up €9,200 (+602%), from €1,529 to €10,729
mainly Other debts (+€23,119) and Trade debts (+€2,256)
- Other debts +€23,119
up €23,119 (+76.6%), from €30,171 to €53,290
- Profit (loss) carried forward -€5,371
down €5,371 (-12.0%), from -€44,604 to -€49,975
- Trade debts +€2,256
up €2,256 (+1,855%), from €122 to €2,377
- Other operating charges -€3,343
down €3,343 (-33.6%), from €9,960 to €6,617
- Financial charges -€740
down €740 (-23.4%), from €3,166 to €2,426
- Gross operating margin -€380
down €380 (-9.6%), from €3,979 to €3,599
- Financial income +€73
new in 2025: €73
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 | €4,289 | €24,293 | +€20,004 | +466% |
| Fixed assets | 21/28 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Current assets | 29/58 | €4,289 | €24,293 | +€20,004 | +466% |
| Amounts receivable within one year | 40/41 | €2,685 | €13,563 | +€10,878 | +405% |
| Trade receivables | 40 | €0 | €11,665 | +€11,665 | |
| Other amounts receivable | 41 | €2,685 | €1,898 | -€787 | -29.3% |
| Cash at bank and in hand | 54/58 | €1,529 | €10,729 | +€9,200 | +602% |
| Deferred charges and accrued income | 490/1 | €75 | €0 | -€75 | -100% |
| Total equity and liabilities | 10/49 | €4,289 | €24,293 | +€20,004 | +466% |
| Equity | 10/15 | -€26,004 | -€31,375 | -€5,371 | -20.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,604 | -€49,975 | -€5,371 | -12.0% |
| Amounts payable | 17/49 | €30,293 | €55,668 | +€25,374 | +83.8% |
| Amounts payable within one year | 42/48 | €30,293 | €55,668 | +€25,374 | +83.8% |
| Trade debts | 44 | €122 | €2,377 | +€2,256 | +1,855% |
| Suppliers | 440/4 | €122 | €2,377 | +€2,256 | +1,855% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €30,171 | €53,290 | +€23,119 | +76.6% |
| Non-recurring operating income | 76A | €176 | €0 | -€176 | -100% |
| Other operating charges | 640/8 | €9,960 | €6,617 | -€3,343 | -33.6% |
| Gross operating margin | 9900 | €3,979 | €3,599 | -€380 | -9.6% |
| Operating profit (loss) | 9901 | -€5,981 | -€3,019 | +€2,963 | +49.5% |
| Financial income | 75/76B | - | €73 | +€73 | |
| Recurring financial income | 75 | - | €73 | +€73 | |
| Financial charges | 65/66B | €3,166 | €2,426 | -€740 | -23.4% |
| Recurring financial charges | 65 | €3,166 | €2,426 | -€740 | -23.4% |
| Profit (loss) for the period before taxes | 9903 | -€9,147 | -€5,371 | +€3,776 | +41.3% |
| Profit (loss) for the period | 9904 | -€9,147 | -€5,371 | +€3,776 | +41.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,147 | -€5,371 | +€3,776 | +41.3% |
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 20 October 2026 via checked.be.