THELMA: 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.
THELMA
Largest movements
- Cash -€11,507
down €11,507 (-44.0%), from €26,169 to €14,662
mainly Net result for the year (-€29,652) and Receivables after one year (-€8,803)
- Receivables after one year +€8,803
up €8,803 (+3.0%), from €292,620 to €301,423
of which Other amounts receivable: +€301,423
- Receivables within one year +€7,757
up €7,757 (+5.1%), from €151,643 to €159,400
- Other debts +€34,025
up €34,025 (+5.6%), from €610,019 to €644,043
- Profit (loss) carried forward -€29,652
down €29,652 (-23.5%), from -€125,938 to -€155,590
- Financial charges +€4,117
up €4,117 (+13.6%), from €30,167 to €34,285
- Gross operating margin -€2,146
down €2,146 (-43.7%), from -€4,913 to -€7,059
- Financial income +€534
up €534 (+4.4%), from €12,025 to €12,559
- Other operating charges +€358
up €358 (+70.2%), from €509 to €867
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €577,352 | €582,404 | +€5,052 | +0.9% |
| Fixed assets | 21/28 | €106,919 | €106,919 | = | 0.0% |
| Financial fixed assets | 28 | €106,919 | €106,919 | = | 0.0% |
| Current assets | 29/58 | €470,433 | €475,485 | +€5,052 | +1.1% |
| Amounts receivable after more than one year | 29 | €292,620 | €301,423 | +€8,803 | +3.0% |
| Trade receivables | 290 | €292,620 | - | -€292,620 | |
| Other amounts receivable | 291 | - | €301,423 | +€301,423 | |
| Amounts receivable within one year | 40/41 | €151,643 | €159,400 | +€7,757 | +5.1% |
| Other amounts receivable | 41 | €151,643 | €159,400 | +€7,757 | +5.1% |
| Cash at bank and in hand | 54/58 | €26,169 | €14,662 | -€11,507 | -44.0% |
| Total equity and liabilities | 10/49 | €577,352 | €582,404 | +€5,052 | +0.9% |
| Equity | 10/15 | -€42,338 | -€71,990 | -€29,652 | -70.0% |
| Contributions | 10/11 | €83,600 | €83,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€125,938 | -€155,590 | -€29,652 | -23.5% |
| Amounts payable | 17/49 | €619,690 | €654,394 | +€34,704 | +5.6% |
| Amounts payable within one year | 42/48 | €619,690 | €654,394 | +€34,704 | +5.6% |
| Trade debts | 44 | €9,672 | €10,350 | +€679 | +7.0% |
| Suppliers | 440/4 | €9,672 | €10,350 | +€679 | +7.0% |
| Other amounts payable | 47/48 | €610,019 | €644,043 | +€34,025 | +5.6% |
| Other operating charges | 640/8 | €509 | €867 | +€358 | +70.2% |
| Gross operating margin | 9900 | -€4,913 | -€7,059 | -€2,146 | -43.7% |
| Operating profit (loss) | 9901 | -€5,423 | -€7,926 | -€2,504 | -46.2% |
| Financial income | 75/76B | €12,025 | €12,559 | +€534 | +4.4% |
| Recurring financial income | 75 | €12,025 | €12,559 | +€534 | +4.4% |
| Financial charges | 65/66B | €30,167 | €34,285 | +€4,117 | +13.6% |
| Recurring financial charges | 65 | €30,167 | €34,285 | +€4,117 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | -€23,565 | -€29,652 | -€6,087 | -25.8% |
| Profit (loss) for the period | 9904 | -€23,565 | -€29,652 | -€6,087 | -25.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,565 | -€29,652 | -€6,087 | -25.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.