Thelakung: 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.
Thelakung
Largest movements
- Cash +€212,946
up €212,946 (+178%), from €119,716 to €332,661
mainly Net result for the year (+€314,613) and Other debts (+€299,527)
- Deferred charges and accrued income -€30,000
down €30,000 (-100%), from €30,000 to €0
- Receivables within one year +€19,260
up €19,260 (+49.6%), from €38,844 to €58,104
of which Trade receivables: +€19,260
- Other debts +€299,527
up €299,527 (+1,114%), from €26,879 to €326,406
- Reserves -€95,387
down €95,387 (-85.1%), from €112,028 to €16,641
- Trade debts -€8,378
down €8,378 (-89.7%), from €9,344 to €966
- Tax, wage and social debts +€5,033
up €5,033 (+19.5%), from €25,836 to €30,869
of which Remuneration and social security: +€3,631
- Gross operating margin +€306,107
up €306,107 (+241%), from €126,824 to €432,930
- Taxes +€81,870
up €81,870 (+370%), from €22,107 to €103,976
- Staff costs +€9,436
new in 2025: €9,436
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 | €192,688 | €393,482 | +€200,795 | +104% |
| Fixed assets | 21/28 | €4,128 | €2,717 | -€1,411 | -34.2% |
| Tangible fixed assets | 22/27 | €4,128 | €2,717 | -€1,411 | -34.2% |
| Furniture and vehicles | 24 | €4,128 | €2,717 | -€1,411 | -34.2% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €188,560 | €390,765 | +€202,206 | +107% |
| Amounts receivable within one year | 40/41 | €38,844 | €58,104 | +€19,260 | +49.6% |
| Trade receivables | 40 | €38,844 | €58,104 | +€19,260 | +49.6% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €119,716 | €332,661 | +€212,946 | +178% |
| Deferred charges and accrued income | 490/1 | €30,000 | €0 | -€30,000 | -100% |
| Total equity and liabilities | 10/49 | €192,688 | €393,482 | +€200,795 | +104% |
| Equity | 10/15 | €130,628 | €35,241 | -€95,387 | -73.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,028 | €16,641 | -€95,387 | -85.1% |
| Distributable reserves | 133 | €112,028 | €16,641 | -€95,387 | -85.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €62,059 | €358,241 | +€296,182 | +477% |
| Amounts payable within one year | 42/48 | €62,059 | €358,241 | +€296,182 | +477% |
| Trade debts | 44 | €9,344 | €966 | -€8,378 | -89.7% |
| Suppliers | 440/4 | €9,344 | €966 | -€8,378 | -89.7% |
| Taxes, remuneration and social security | 45 | €25,836 | €30,869 | +€5,033 | +19.5% |
| Taxes | 450/3 | €25,836 | €27,238 | +€1,402 | +5.4% |
| Remuneration and social security | 454/9 | - | €3,631 | +€3,631 | |
| Other amounts payable | 47/48 | €26,879 | €326,406 | +€299,527 | +1,114% |
| Remuneration, social security and pensions | 62 | - | €9,436 | +€9,436 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,001 | €1,411 | +€410 | +41.0% |
| Other operating charges | 640/8 | €437 | €400 | -€38 | -8.6% |
| Gross operating margin | 9900 | €126,824 | €432,930 | +€306,107 | +241% |
| Operating profit (loss) | 9901 | €125,386 | €421,684 | +€296,298 | +236% |
| Financial charges | 65/66B | €2,076 | €3,095 | +€1,019 | +49.1% |
| Recurring financial charges | 65 | €2,076 | €3,095 | +€1,019 | +49.1% |
| Profit (loss) for the period before taxes | 9903 | €123,310 | €418,589 | +€295,279 | +239% |
| Income taxes | 67/77 | €22,107 | €103,976 | +€81,870 | +370% |
| Profit (loss) for the period | 9904 | €101,203 | €314,613 | +€213,409 | +211% |
| Profit (loss) for the period to be appropriated | 9905 | €101,203 | €314,613 | +€213,409 | +211% |
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 22 October 2026 via checked.be.