THELEME: 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.
THELEME
Largest movements
- Tangible fixed assets -€25,494
down €25,494 (-3.6%), from €701,088 to €675,594
of which Land and buildings: -€25,494
- Debts after one year -€42,500
down €42,500 (-100.0%), from €42,500 to €0
- Other debts +€19,105
up €19,105 (+5.1%), from €371,184 to €390,289
- Trade debts +€14,362
up €14,362, from €0 to €14,362
- Current portion of long-term debt -€8,500
down €8,500 (-33.3%), from €25,500 to €17,000
- Gross operating margin -€10,577
down €10,577 (-22.5%), from €46,973 to €36,396
- Financial charges -€3,071
down €3,071 (-68.0%), from €4,516 to €1,445
- Taxes -€851
down €851 (-22.5%), from €3,779 to €2,928
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 | €705,044 | €686,231 | -€18,813 | -2.7% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €701,088 | €675,594 | -€25,494 | -3.6% |
| Tangible fixed assets | 22/27 | €701,088 | €675,594 | -€25,494 | -3.6% |
| Land and buildings | 22 | €701,088 | €675,594 | -€25,494 | -3.6% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €3,956 | €10,637 | +€6,681 | +168.9% |
| Amounts receivable within one year | 40/41 | €898 | €827 | -€71 | -7.9% |
| Trade receivables | 40 | €557 | €713 | +€156 | +27.9% |
| Other amounts receivable | 41 | €341 | €114 | -€227 | -66.5% |
| Cash at bank and in hand | 54/58 | €3,058 | €8,949 | +€5,891 | +192.7% |
| Deferred charges and accrued income | 490/1 | €0 | €861 | +€861 | |
| Total equity and liabilities | 10/49 | €705,044 | €686,231 | -€18,813 | -2.7% |
| Equity | 10/15 | €258,860 | €259,088 | +€227 | +0.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €238,409 | €238,637 | +€227 | +0.1% |
| Amounts payable | 17/49 | €446,183 | €427,143 | -€19,040 | -4.3% |
| Amounts payable after more than one year | 17 | €42,500 | €0 | -€42,500 | -100.0% |
| Financial debts | 170/4 | €42,500 | €0 | -€42,500 | -100.0% |
| Amounts payable within one year | 42/48 | €403,653 | €427,143 | +€23,491 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €25,500 | €17,000 | -€8,500 | -33.3% |
| Trade debts | 44 | €0 | €14,362 | +€14,362 | |
| Suppliers | 440/4 | €0 | €14,362 | +€14,362 | |
| Taxes, remuneration and social security | 45 | €6,969 | €5,492 | -€1,477 | -21.2% |
| Taxes | 450/3 | €6,969 | €5,492 | -€1,477 | -21.2% |
| Other amounts payable | 47/48 | €371,184 | €390,289 | +€19,105 | +5.1% |
| Accrued charges and deferred income | 492/3 | €31 | €0 | -€31 | -100.0% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,494 | €25,494 | = | 0.0% |
| Other operating charges | 640/8 | €6,020 | €6,301 | +€281 | +4.7% |
| Gross operating margin | 9900 | €46,973 | €36,396 | -€10,577 | -22.5% |
| Operating profit (loss) | 9901 | €15,458 | €4,601 | -€10,858 | -70.2% |
| Financial charges | 65/66B | €4,516 | €1,445 | -€3,071 | -68.0% |
| Recurring financial charges | 65 | €4,516 | €1,445 | -€3,071 | -68.0% |
| Profit (loss) for the period before taxes | 9903 | €10,942 | €3,155 | -€7,787 | -71.2% |
| Income taxes | 67/77 | €3,779 | €2,928 | -€851 | -22.5% |
| Profit (loss) for the period | 9904 | €7,163 | €227 | -€6,936 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,163 | €227 | -€6,936 | -96.8% |
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 7 October 2026 via checked.be.