THEMA CONSTRUCT: 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 CONSTRUCT
Largest movements
- Cash +€164,235
up €164,235 (+20,821%), from €789 to €165,023
mainly Investment in fixed assets (net) (+€92,125) and Net result for the year (+€61,490)
- Tangible fixed assets -€92,125
down €92,125 (-25.0%), from €368,500 to €276,375
- Profit (loss) carried forward +€61,490
up €61,490 (+123%), from €49,959 to €111,449
- Tax, wage and social debts +€19,620
new in 2025: €19,620
- Other debts -€9,000
down €9,000 (-2.9%), from €312,130 to €303,130
- Gross operating margin +€86,781
up €86,781, from -€5,059 to €81,722
- Taxes +€19,620
new in 2025: €19,620
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 | €369,289 | €441,398 | +€72,110 | +19.5% |
| Fixed assets | 21/28 | €368,500 | €276,375 | -€92,125 | -25.0% |
| Tangible fixed assets | 22/27 | €368,500 | €276,375 | -€92,125 | -25.0% |
| Land and buildings | 22 | €368,500 | €276,375 | -€92,125 | -25.0% |
| Current assets | 29/58 | €789 | €165,023 | +€164,235 | +20,821% |
| Cash at bank and in hand | 54/58 | €789 | €165,023 | +€164,235 | +20,821% |
| Total equity and liabilities | 10/49 | €369,289 | €441,398 | +€72,110 | +19.5% |
| Equity | 10/15 | €57,159 | €118,649 | +€61,490 | +108% |
| Contributions | 10/11 | €7,200 | €7,200 | = | 0.0% |
| Contributions outside capital | 11 | €7,200 | €7,200 | = | 0.0% |
| Other | 1109/19 | €7,200 | €7,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,959 | €111,449 | +€61,490 | +123% |
| Amounts payable | 17/49 | €312,130 | €322,750 | +€10,620 | +3.4% |
| Amounts payable within one year | 42/48 | €312,130 | €322,750 | +€10,620 | +3.4% |
| Taxes, remuneration and social security | 45 | - | €19,620 | +€19,620 | |
| Taxes | 450/3 | - | €19,620 | +€19,620 | |
| Other amounts payable | 47/48 | €312,130 | €303,130 | -€9,000 | -2.9% |
| Non-recurring operating income | 76A | - | €82,875 | +€82,875 | |
| Other operating charges | 640/8 | €457 | €461 | +€4 | +0.9% |
| Gross operating margin | 9900 | -€5,059 | €81,722 | +€86,781 | |
| Operating profit (loss) | 9901 | -€5,516 | €81,261 | +€86,777 | |
| Financial charges | 65/66B | €120 | €151 | +€31 | +26.0% |
| Recurring financial charges | 65 | €120 | €151 | +€31 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,636 | €81,110 | +€86,746 | |
| Income taxes | 67/77 | - | €19,620 | +€19,620 | |
| Profit (loss) for the period | 9904 | -€5,636 | €61,490 | +€67,126 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,636 | €61,490 | +€67,126 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.