THEIMER GRAPHICS: 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.
THEIMER GRAPHICS
Largest movements
- Tangible fixed assets -€26,947
down €26,947 (-2.7%), from €989,912 to €962,965
- Cash -€21,062
down €21,062 (-78.5%), from €26,814 to €5,752
mainly Provisions (-€646,028) and Net result for the year (-€45,225)
- Provisions -€646,028
no longer reported in 2025 (was €646,028)
- Debts after one year +€612,551
new in 2025: €612,551
of which Financial debts: +€609,351
- Profit (loss) carried forward -€45,225
down €45,225 (-25.7%), from -€176,291 to -€221,517
- Revaluation surpluses -€24,179
down €24,179 (-16.7%), from €145,071 to €120,893
- Reserves +€24,179
up €24,179 (+6.9%), from €348,860 to €373,038
- Other operating charges -€110,911
down €110,911 (-99.6%), from €111,310 to €400
- Gross operating margin +€31,208
up €31,208 (+255.4%), from €12,217 to €43,426
- Depreciation +€22,771
up €22,771 (+56.2%), from €40,512 to €63,282
- Financial charges +€16,226
up €16,226 (+185.0%), from €8,769 to €24,995
- Financial income -€1,654
down €1,654 (-98.5%), from €1,680 to €26
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 | €1,039,381 | €974,728 | -€64,654 | -6.2% |
| Fixed assets | 21/28 | €994,912 | €962,965 | -€31,947 | -3.2% |
| Tangible fixed assets | 22/27 | €989,912 | €962,965 | -€26,947 | -2.7% |
| Land and buildings | 22 | €989,912 | €962,965 | -€26,947 | -2.7% |
| Financial fixed assets | 28 | €5,000 | €0 | -€5,000 | -100.0% |
| Current assets | 29/58 | €44,469 | €11,763 | -€32,706 | -73.5% |
| Amounts receivable within one year | 40/41 | €8,383 | - | -€8,383 | |
| Trade receivables | 40 | €8,383 | - | -€8,383 | |
| Cash at bank and in hand | 54/58 | €26,814 | €5,752 | -€21,062 | -78.5% |
| Deferred charges and accrued income | 490/1 | €9,272 | €6,010 | -€3,262 | -35.2% |
| Total equity and liabilities | 10/49 | €1,039,381 | €974,728 | -€64,654 | -6.2% |
| Equity | 10/15 | €342,640 | €297,414 | -€45,225 | -13.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Revaluation surpluses | 12 | €145,071 | €120,893 | -€24,179 | -16.7% |
| Reserves | 13 | €348,860 | €373,038 | +€24,179 | +6.9% |
| Non-distributable reserves | 130/1 | €348,860 | €373,038 | +€24,179 | +6.9% |
| Reserves not available under the articles | 1311 | €10,360 | €10,360 | = | 0.0% |
| Other | 1319 | €338,500 | €362,678 | +€24,179 | +7.1% |
| Profit (loss) carried forward | 14 | -€176,291 | -€221,517 | -€45,225 | -25.7% |
| Provisions and deferred taxes | 16 | €646,028 | - | -€646,028 | |
| Provisions for liabilities and charges | 160/5 | €646,028 | - | -€646,028 | |
| Other liabilities and charges | 164/5 | €646,028 | - | -€646,028 | |
| Amounts payable | 17/49 | €50,713 | €677,313 | +€626,600 | +1235.6% |
| Amounts payable after more than one year | 17 | - | €612,551 | +€612,551 | |
| Financial debts | 170/4 | - | €609,351 | +€609,351 | |
| Other amounts payable | 178/9 | - | €3,200 | +€3,200 | |
| Amounts payable within one year | 42/48 | €49,760 | €63,976 | +€14,215 | +28.6% |
| Current portion of amounts payable after more than one year | 42 | €35,340 | €36,678 | +€1,338 | +3.8% |
| Trade debts | 44 | - | €1,919 | +€1,919 | |
| Suppliers | 440/4 | - | €1,919 | +€1,919 | |
| Taxes, remuneration and social security | 45 | - | €1,536 | +€1,536 | |
| Taxes | 450/3 | - | €1,536 | +€1,536 | |
| Other amounts payable | 47/48 | €14,420 | €23,842 | +€9,422 | +65.3% |
| Accrued charges and deferred income | 492/3 | €953 | €787 | -€166 | -17.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,512 | €63,282 | +€22,771 | +56.2% |
| Other operating charges | 640/8 | €111,310 | €400 | -€110,911 | -99.6% |
| Gross operating margin | 9900 | €12,217 | €43,426 | +€31,208 | +255.4% |
| Operating profit (loss) | 9901 | -€139,604 | -€20,256 | +€119,348 | +85.5% |
| Financial income | 75/76B | €1,680 | €26 | -€1,654 | -98.5% |
| Recurring financial income | 75 | €1,680 | €26 | -€1,654 | -98.5% |
| Financial charges | 65/66B | €8,769 | €24,995 | +€16,226 | +185.0% |
| Recurring financial charges | 65 | €8,769 | €24,995 | +€16,226 | +185.0% |
| Profit (loss) for the period before taxes | 9903 | -€146,694 | -€45,225 | +€101,468 | +69.2% |
| Profit (loss) for the period | 9904 | -€146,694 | -€45,225 | +€101,468 | +69.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€146,694 | -€45,225 | +€101,468 | +69.2% |
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 30 September 2026 via checked.be.