Théfapépsy: what changed
Two fiscal 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.
Théfapépsy
Largest movements
- Cash +€26,473
up €26,473 (+4110.1%), from €644 to €27,117
mainly Net result for the year (+€11,423) and Receivables within one year (+€9,414)
- Receivables within one year -€9,414
down €9,414 (-54.6%), from €17,244 to €7,830
- Deferred charges and accrued income -€5,467
down €5,467 (-79.1%), from €6,913 to €1,446
- Tangible fixed assets +€800
up €800 (+131.4%), from €609 to €1,408
- Reserves +€11,423
up €11,423 (+89.2%), from €12,804 to €24,228
- Tax, wage and social debts +€1,640
up €1,640 (+245.1%), from €669 to €2,309
- Accrued charges and deferred income -€672
down €672 (-55.6%), from €1,209 to €537
- Gross operating margin +€12,192
up €12,192 (+223.4%), from €5,457 to €17,649
- Taxes +€3,384
up €3,384 (+175.7%), from €1,925 to €5,309
- Financial charges -€178
down €178 (-57.6%), from €309 to €131
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 | €27,082 | €39,474 | +€12,391 | +45.8% |
| Fixed assets | 21/28 | €2,282 | €3,081 | +€800 | +35.1% |
| Tangible fixed assets | 22/27 | €609 | €1,408 | +€800 | +131.4% |
| Furniture and vehicles | 24 | €609 | €1,408 | +€800 | +131.4% |
| Financial fixed assets | 28 | €1,673 | €1,673 | = | 0.0% |
| Current assets | 29/58 | €24,801 | €36,392 | +€11,592 | +46.7% |
| Amounts receivable within one year | 40/41 | €17,244 | €7,830 | -€9,414 | -54.6% |
| Other amounts receivable | 41 | €17,244 | €7,830 | -€9,414 | -54.6% |
| Cash at bank and in hand | 54/58 | €644 | €27,117 | +€26,473 | +4110.1% |
| Deferred charges and accrued income | 490/1 | €6,913 | €1,446 | -€5,467 | -79.1% |
| Total equity and liabilities | 10/49 | €27,082 | €39,474 | +€12,391 | +45.8% |
| Equity | 10/15 | €25,204 | €36,628 | +€11,423 | +45.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €12,804 | €24,228 | +€11,423 | +89.2% |
| Distributable reserves | 133 | €12,804 | €24,228 | +€11,423 | +89.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,878 | €2,846 | +€968 | +51.6% |
| Amounts payable within one year | 42/48 | €669 | €2,309 | +€1,640 | +245.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €669 | €2,309 | +€1,640 | +245.1% |
| Taxes | 450/3 | €669 | €2,309 | +€1,640 | +245.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,209 | €537 | -€672 | -55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €421 | €423 | +€2 | +0.5% |
| Other operating charges | 640/8 | €1,019 | €1,000 | -€19 | -1.9% |
| Gross operating margin | 9900 | €5,457 | €17,649 | +€12,192 | +223.4% |
| Operating profit (loss) | 9901 | €4,017 | €16,226 | +€12,209 | +303.9% |
| Financial income | 75/76B | €782 | €637 | -€145 | -18.6% |
| Recurring financial income | 75 | €782 | €637 | -€145 | -18.6% |
| Financial charges | 65/66B | €309 | €131 | -€178 | -57.6% |
| Recurring financial charges | 65 | €309 | €131 | -€178 | -57.6% |
| Profit (loss) for the period before taxes | 9903 | €4,491 | €16,732 | +€12,241 | +272.6% |
| Income taxes | 67/77 | €1,925 | €5,309 | +€3,384 | +175.7% |
| Profit (loss) for the period | 9904 | €2,566 | €11,423 | +€8,858 | +345.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,566 | €11,423 | +€8,858 | +345.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.