THEM 3 C: 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.
THEM 3 C
Largest movements
- Tangible fixed assets -€9,799
down €9,799 (-3.7%), from €267,831 to €258,032
- Debts after one year -€16,849
down €16,849 (-16.3%), from €103,091 to €86,242
- Profit (loss) carried forward +€7,115
up €7,115 (+41.1%), from €17,308 to €24,423
- Taxes +€590
new in 2025: €590
- Financial charges -€331
down €331 (-12.3%), from €2,697 to €2,366
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 | €344,208 | €335,390 | -€8,818 | -2.6% |
| Fixed assets | 21/28 | €267,831 | €258,032 | -€9,799 | -3.7% |
| Tangible fixed assets | 22/27 | €267,831 | €258,032 | -€9,799 | -3.7% |
| Land and buildings | 22 | €267,831 | €258,032 | -€9,799 | -3.7% |
| Current assets | 29/58 | €76,377 | €77,358 | +€981 | +1.3% |
| Cash at bank and in hand | 54/58 | €76,377 | €77,358 | +€981 | +1.3% |
| Total equity and liabilities | 10/49 | €344,208 | €335,390 | -€8,818 | -2.6% |
| Equity | 10/15 | €117,308 | €124,423 | +€7,115 | +6.1% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,308 | €24,423 | +€7,115 | +41.1% |
| Amounts payable | 17/49 | €226,900 | €210,967 | -€15,933 | -7.0% |
| Amounts payable after more than one year | 17 | €103,091 | €86,242 | -€16,849 | -16.3% |
| Financial debts | 170/4 | €103,091 | €86,242 | -€16,849 | -16.3% |
| Amounts payable within one year | 42/48 | €123,809 | €124,725 | +€916 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | €16,523 | €16,849 | +€326 | +2.0% |
| Taxes, remuneration and social security | 45 | - | €590 | +€590 | |
| Taxes | 450/3 | - | €590 | +€590 | |
| Other amounts payable | 47/48 | €107,286 | €107,286 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,798 | €9,799 | +€1 | 0.0% |
| Other operating charges | 640/8 | €1,434 | €1,276 | -€158 | -11.0% |
| Gross operating margin | 9900 | €20,993 | €21,146 | +€153 | +0.7% |
| Operating profit (loss) | 9901 | €9,761 | €10,071 | +€310 | +3.2% |
| Financial charges | 65/66B | €2,697 | €2,366 | -€331 | -12.3% |
| Recurring financial charges | 65 | €2,697 | €2,366 | -€331 | -12.3% |
| Profit (loss) for the period before taxes | 9903 | €7,064 | €7,705 | +€641 | +9.1% |
| Income taxes | 67/77 | - | €590 | +€590 | |
| Profit (loss) for the period | 9904 | €7,064 | €7,115 | +€51 | +0.7% |
| Profit (loss) for the period to be appropriated | 9905 | €7,064 | €7,115 | +€51 | +0.7% |
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 3 October 2026 via checked.be.