Thélème Advocaat: what changed
Thélème Advocaat
Largest movements
- Cash -€18,925
down €18,925 (-39.2%), from €48,254 to €29,329
mainly Contributions, distributions and other (-€65,152) and Other debts (-€21,615)
- Receivables within one year +€646
up €646 (+162%), from €398 to €1,045
- Other debts -€21,615
down €21,615 (-60.4%), from €35,767 to €14,152
- Tax, wage and social debts +€3,639
up €3,639 (+39.7%), from €9,167 to €12,805
of which Taxes: +€4,724
- Gross operating margin +€14,749
up €14,749 (+20.3%), from €72,781 to €87,530
- Taxes +€7,290
up €7,290 (+49.1%), from €14,857 to €22,147
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €48,652 | €30,373 | -€18,279 | -37.6% |
| Current assets | 29/58 | €48,652 | €30,373 | -€18,279 | -37.6% |
| Amounts receivable within one year | 40/41 | €398 | €1,045 | +€646 | +162% |
| Other amounts receivable | 41 | €398 | €1,045 | +€646 | +162% |
| Cash at bank and in hand | 54/58 | €48,254 | €29,329 | -€18,925 | -39.2% |
| Total equity and liabilities | 10/49 | €48,652 | €30,373 | -€18,279 | -37.6% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €45,652 | €27,373 | -€18,279 | -40.0% |
| Amounts payable within one year | 42/48 | €45,652 | €27,373 | -€18,279 | -40.0% |
| Trade debts | 44 | €718 | €416 | -€302 | -42.1% |
| Suppliers | 440/4 | €718 | €416 | -€302 | -42.1% |
| Taxes, remuneration and social security | 45 | €9,167 | €12,805 | +€3,639 | +39.7% |
| Taxes | 450/3 | €8,082 | €12,805 | +€4,724 | +58.4% |
| Remuneration and social security | 454/9 | €1,085 | €0 | -€1,085 | -100% |
| Other amounts payable | 47/48 | €35,767 | €14,152 | -€21,615 | -60.4% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | €72,781 | €87,530 | +€14,749 | +20.3% |
| Operating profit (loss) | 9901 | €72,781 | €87,131 | +€14,349 | +19.7% |
| Financial income | 75/76B | €850 | €280 | -€570 | -67.1% |
| Recurring financial income | 75 | €850 | €280 | -€570 | -67.1% |
| Financial charges | 65/66B | €96 | €112 | +€15 | +15.9% |
| Recurring financial charges | 65 | €96 | €112 | +€15 | +15.9% |
| Profit (loss) for the period before taxes | 9903 | €73,535 | €87,299 | +€13,764 | +18.7% |
| Income taxes | 67/77 | €14,857 | €22,147 | +€7,290 | +49.1% |
| Profit (loss) for the period | 9904 | €58,678 | €65,152 | +€6,474 | +11.0% |
| Profit (loss) for the period to be appropriated | 9905 | €58,678 | €65,152 | +€6,474 | +11.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.