THEIMCO: 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.
THEIMCO
Largest movements
- Cash +€101,336
up €101,336 (+38.0%), from €266,673 to €368,009
mainly Current investments (+€100,000) and Receivables within one year (+€21,863)
- Current investments -€100,000
no longer reported in 2026 (was €100,000)
- Receivables within one year -€21,863
down €21,863 (-97.2%), from €22,481 to €618
of which Trade receivables: -€17,710
- Other debts -€15,237
down €15,237 (-56.9%), from €26,795 to €11,558
- Gross operating margin -€32,303
down €32,303, from €29,842 to -€2,461
- Taxes -€10,017
no longer reported in 2026 (was €10,017)
- Financial income +€1,098
up €1,098 (+114%), from €963 to €2,061
- Other operating charges -€369
down €369 (-21.6%), from €1,707 to €1,338
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €391,080 | €368,627 | -€22,453 | -5.7% |
| Current assets | 29/58 | €391,080 | €368,627 | -€22,453 | -5.7% |
| Amounts receivable within one year | 40/41 | €22,481 | €618 | -€21,863 | -97.2% |
| Trade receivables | 40 | €17,710 | - | -€17,710 | |
| Other amounts receivable | 41 | €4,771 | €618 | -€4,153 | -87.0% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €266,673 | €368,009 | +€101,336 | +38.0% |
| Deferred charges and accrued income | 490/1 | €1,926 | - | -€1,926 | |
| Total equity and liabilities | 10/49 | €391,080 | €368,627 | -€22,453 | -5.7% |
| Equity | 10/15 | €360,785 | €357,069 | -€3,716 | -1.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €347,860 | €347,860 | = | 0.0% |
| Distributable reserves | 133 | €347,860 | €347,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €525 | -€3,191 | -€3,716 | |
| Amounts payable | 17/49 | €30,296 | €11,558 | -€18,738 | -61.8% |
| Amounts payable within one year | 42/48 | €30,296 | €11,558 | -€18,738 | -61.8% |
| Trade debts | 44 | €1,705 | - | -€1,705 | |
| Suppliers | 440/4 | €1,705 | - | -€1,705 | |
| Taxes, remuneration and social security | 45 | €1,796 | - | -€1,796 | |
| Taxes | 450/3 | €1,796 | - | -€1,796 | |
| Other amounts payable | 47/48 | €26,795 | €11,558 | -€15,237 | -56.9% |
| Non-recurring operating income | 76A | €64,346 | - | -€64,346 | |
| Other operating charges | 640/8 | €1,707 | €1,338 | -€369 | -21.6% |
| Gross operating margin | 9900 | €29,842 | -€2,461 | -€32,303 | |
| Operating profit (loss) | 9901 | €28,135 | -€3,799 | -€31,933 | |
| Financial income | 75/76B | €963 | €2,061 | +€1,098 | +114% |
| Recurring financial income | 75 | €963 | €2,061 | +€1,098 | +114% |
| Financial charges | 65/66B | €1,696 | €1,979 | +€282 | +16.6% |
| Recurring financial charges | 65 | €1,696 | €1,979 | +€282 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €27,402 | -€3,716 | -€31,118 | |
| Income taxes | 67/77 | €10,017 | - | -€10,017 | |
| Profit (loss) for the period | 9904 | €17,385 | -€3,716 | -€21,100 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,385 | -€3,716 | -€21,100 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.