THEISLY: 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.
THEISLY
Largest movements
- Intangible fixed assets +€44,012
up €44,012 (+4906.9%), from €897 to €44,909
- Tangible fixed assets -€5,469
down €5,469 (-28.7%), from €19,023 to €13,554
- Receivables within one year +€4,257
up €4,257 (+6.9%), from €61,899 to €66,156
- Financial fixed assets +€2,592
up €2,592 (+1004.7%), from €258 to €2,850
- Profit (loss) carried forward +€37,708
up €37,708 (+768.3%), from €4,908 to €42,616
- Trade debts -€21,763
down €21,763 (-92.2%), from €23,612 to €1,849
- Contributions +€21,226
up €21,226 (+30.4%), from €69,897 to €91,123
- Tax, wage and social debts +€7,875
up €7,875 (+227.0%), from €3,468 to €11,343
- Gross operating margin +€39,705
up €39,705 (+277.6%), from €14,301 to €54,006
- Taxes +€8,078
up €8,078 (+511.8%), from €1,579 to €9,657
- Depreciation -€1,322
down €1,322 (-18.8%), from €7,018 to €5,697
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 | €101,886 | €146,932 | +€45,045 | +44.2% |
| Fixed assets | 21/28 | €20,178 | €61,313 | +€41,135 | +203.9% |
| Intangible fixed assets | 21 | €897 | €44,909 | +€44,012 | +4906.9% |
| Tangible fixed assets | 22/27 | €19,023 | €13,554 | -€5,469 | -28.7% |
| Furniture and vehicles | 24 | €19,023 | €13,554 | -€5,469 | -28.7% |
| Financial fixed assets | 28 | €258 | €2,850 | +€2,592 | +1004.7% |
| Current assets | 29/58 | €81,708 | €85,618 | +€3,910 | +4.8% |
| Stocks and contracts in progress | 3 | €19,176 | €19,176 | = | 0.0% |
| Stocks | 30/36 | €19,176 | €19,176 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €61,899 | €66,156 | +€4,257 | +6.9% |
| Trade receivables | 40 | €61,899 | €66,156 | +€4,257 | +6.9% |
| Cash at bank and in hand | 54/58 | €28 | €90 | +€62 | +226.1% |
| Deferred charges and accrued income | 490/1 | €606 | €197 | -€409 | -67.5% |
| Total equity and liabilities | 10/49 | €101,886 | €146,932 | +€45,045 | +44.2% |
| Equity | 10/15 | €74,806 | €133,739 | +€58,934 | +78.8% |
| Contributions | 10/11 | €69,897 | €91,123 | +€21,226 | +30.4% |
| Capital | 10 | €69,897 | - | -€69,897 | |
| Issued capital | 100 | €1,000,000 | - | -€1.0m | |
| Uncalled capital | 101 | €930,103 | - | -€930,103 | |
| Profit (loss) carried forward | 14 | €4,908 | €42,616 | +€37,708 | +768.3% |
| Amounts payable | 17/49 | €27,081 | €13,192 | -€13,888 | -51.3% |
| Amounts payable within one year | 42/48 | €27,081 | €13,192 | -€13,888 | -51.3% |
| Trade debts | 44 | €23,612 | €1,849 | -€21,763 | -92.2% |
| Suppliers | 440/4 | €23,612 | €1,849 | -€21,763 | -92.2% |
| Taxes, remuneration and social security | 45 | €3,468 | €11,343 | +€7,875 | +227.0% |
| Taxes | 450/3 | €3,468 | €11,343 | +€7,875 | +227.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,018 | €5,697 | -€1,322 | -18.8% |
| Other operating charges | 640/8 | €666 | €556 | -€109 | -16.4% |
| Gross operating margin | 9900 | €14,301 | €54,006 | +€39,705 | +277.6% |
| Operating profit (loss) | 9901 | €6,618 | €47,754 | +€41,136 | +621.6% |
| Financial income | 75/76B | €0 | €37 | +€37 | +372000.0% |
| Recurring financial income | 75 | €0 | €37 | +€37 | +372000.0% |
| Financial charges | 65/66B | €131 | €426 | +€295 | +225.6% |
| Recurring financial charges | 65 | €131 | €426 | +€295 | +225.6% |
| Profit (loss) for the period before taxes | 9903 | €6,487 | €47,365 | +€40,878 | +630.2% |
| Income taxes | 67/77 | €1,579 | €9,657 | +€8,078 | +511.8% |
| Profit (loss) for the period | 9904 | €4,908 | €37,708 | +€32,800 | +668.3% |
| Profit (loss) for the period to be appropriated | 9905 | €4,908 | €37,708 | +€32,800 | +668.3% |
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 4 October 2026 via checked.be.