THEMA CONCEPT: 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.
THEMA CONCEPT
Largest movements
- Cash +€21,984
up €21,984 (+33,671%), from €65 to €22,049
mainly Net result for the year (+€14,882) and Receivables within one year (+€7,196)
- Receivables within one year -€7,196
down €7,196 (-60.8%), from €11,828 to €4,632
of which Trade receivables: -€4,180
- Profit (loss) carried forward +€14,882
up €14,882, from -€9,096 to €5,786
- Tax, wage and social debts -€410
down €410 (-17.4%), from €2,356 to €1,945
- Trade debts +€350
new in 2025: €350
- Gross operating margin +€17,784
up €17,784, from -€664 to €17,120
- Other operating charges -€6,864
no longer reported in 2025 (was €6,864)
- Financial charges -€2,994
down €2,994 (-74.5%), from €4,017 to €1,022
- Taxes +€1,215
new in 2025: €1,215
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.
Derived cash bridge
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 | €11,893 | €26,681 | +€14,788 | +124% |
| Current assets | 29/58 | €11,893 | €26,681 | +€14,788 | +124% |
| Amounts receivable within one year | 40/41 | €11,828 | €4,632 | -€7,196 | -60.8% |
| Trade receivables | 40 | €4,180 | - | -€4,180 | |
| Other amounts receivable | 41 | €7,648 | €4,632 | -€3,016 | -39.4% |
| Cash at bank and in hand | 54/58 | €65 | €22,049 | +€21,984 | +33,671% |
| Total equity and liabilities | 10/49 | €11,893 | €26,681 | +€14,788 | +124% |
| Equity | 10/15 | €9,504 | €24,386 | +€14,882 | +157% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,096 | €5,786 | +€14,882 | |
| Amounts payable | 17/49 | €2,390 | €2,295 | -€95 | -4.0% |
| Amounts payable within one year | 42/48 | €2,390 | €2,295 | -€95 | -4.0% |
| Trade debts | 44 | - | €350 | +€350 | |
| Suppliers | 440/4 | - | €350 | +€350 | |
| Taxes, remuneration and social security | 45 | €2,356 | €1,945 | -€410 | -17.4% |
| Taxes | 450/3 | €2,356 | €1,945 | -€410 | -17.4% |
| Other amounts payable | 47/48 | €34 | - | -€34 | |
| Other operating charges | 640/8 | €6,864 | - | -€6,864 | |
| Gross operating margin | 9900 | -€664 | €17,120 | +€17,784 | |
| Operating profit (loss) | 9901 | -€7,527 | €17,120 | +€24,648 | |
| Financial charges | 65/66B | €4,017 | €1,022 | -€2,994 | -74.5% |
| Recurring financial charges | 65 | €4,017 | €1,022 | -€2,994 | -74.5% |
| Profit (loss) for the period before taxes | 9903 | -€11,544 | €16,098 | +€27,642 | |
| Income taxes | 67/77 | - | €1,215 | +€1,215 | |
| Profit (loss) for the period | 9904 | -€11,544 | €14,882 | +€26,427 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,544 | €14,882 | +€26,427 |
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 16 October 2026 via checked.be.