THELIA: 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.
THELIA
Largest movements
- Cash +€25,094
up €25,094 (+44.3%), from €56,604 to €81,698
mainly Net result for the year (+€24,258) and Receivables within one year (+€10,890)
- Receivables within one year -€10,890
no longer reported in 2025 (was €10,890)
- Tangible fixed assets -€1,515
down €1,515 (-92.3%), from €1,641 to €126
- Profit (loss) carried forward +€24,258
up €24,258 (+91.8%), from -€26,438 to -€2,180
- Accrued charges and deferred income -€16,569
no longer reported in 2025 (was €16,569)
- Trade debts +€4,820
up €4,820 (+9.2%), from €52,149 to €56,969
of which Bills of exchange payable: +€6,000
- Turnover -€36,000
no longer reported in 2025 (was €36,000)
- Gross operating margin -€6,420
down €6,420 (-19.6%), from €32,697 to €26,277
- Purchases and services -€3,303
no longer reported in 2025 (was €3,303)
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,135 | €81,824 | +€12,689 | +18.4% |
| Fixed assets | 21/28 | €1,641 | €126 | -€1,515 | -92.3% |
| Tangible fixed assets | 22/27 | €1,641 | €126 | -€1,515 | -92.3% |
| Furniture and vehicles | 24 | €1,641 | €126 | -€1,515 | -92.3% |
| Current assets | 29/58 | €67,494 | €81,698 | +€14,204 | +21.0% |
| Amounts receivable within one year | 40/41 | €10,890 | - | -€10,890 | |
| Trade receivables | 40 | €10,890 | - | -€10,890 | |
| Cash at bank and in hand | 54/58 | €56,604 | €81,698 | +€25,094 | +44.3% |
| Total equity and liabilities | 10/49 | €69,135 | €81,824 | +€12,689 | +18.4% |
| Equity | 10/15 | -€1,438 | €22,820 | +€24,258 | |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,438 | -€2,180 | +€24,258 | +91.8% |
| Amounts payable | 17/49 | €70,573 | €59,004 | -€11,569 | -16.4% |
| Amounts payable within one year | 42/48 | €54,004 | €59,004 | +€5,000 | +9.3% |
| Trade debts | 44 | €52,149 | €56,969 | +€4,820 | +9.2% |
| Suppliers | 440/4 | €52,149 | €50,969 | -€1,180 | -2.3% |
| Bills of exchange payable | 441 | - | €6,000 | +€6,000 | |
| Taxes, remuneration and social security | 45 | €1,855 | €1,878 | +€23 | +1.2% |
| Taxes | 450/3 | €1,855 | €1,878 | +€23 | +1.2% |
| Other amounts payable | 47/48 | - | €157 | +€157 | |
| Accrued charges and deferred income | 492/3 | €16,569 | - | -€16,569 | |
| Turnover | 70 | €36,000 | - | -€36,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €3,303 | - | -€3,303 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,389 | €1,515 | +€126 | +9.1% |
| Other operating charges | 640/8 | €526 | €466 | -€60 | -11.4% |
| Gross operating margin | 9900 | €32,697 | €26,277 | -€6,420 | -19.6% |
| Operating profit (loss) | 9901 | €30,782 | €24,296 | -€6,486 | -21.1% |
| Financial charges | 65/66B | €40 | €38 | -€2 | -5.0% |
| Recurring financial charges | 65 | €40 | €38 | -€2 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €30,742 | €24,258 | -€6,484 | -21.1% |
| Profit (loss) for the period | 9904 | €30,742 | €24,258 | -€6,484 | -21.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,742 | €24,258 | -€6,484 | -21.1% |
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 15 October 2026 via checked.be.