Thema Consulting: 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 Consulting
Largest movements
- Current investments -€175,000
down €175,000 (-100%), from €175,000 to €0
- Receivables within one year +€62,165
up €62,165 (+1,335%), from €4,657 to €66,822
of which Trade receivables: +€66,822
- Cash +€34,255
up €34,255 (+50.2%), from €68,197 to €102,452
mainly Current investments (+€175,000) and Net result for the year (+€163,832)
- Tangible fixed assets +€9,530
up €9,530 (+159%), from €5,988 to €15,518
of which Furniture and vehicles: +€7,155
- Financial fixed assets -€5,000
down €5,000 (-100%), from €5,000 to €0
- Reserves -€83,101
down €83,101 (-33.7%), from €246,933 to €163,832
- Tax, wage and social debts +€5,010
up €5,010 (+203%), from €2,470 to €7,480
- Financial income -€68,548
down €68,548 (-96.2%), from €71,244 to €2,696
- Gross operating margin -€22,641
down €22,641 (-9.5%), from €239,096 to €216,455
- Taxes -€7,765
down €7,765 (-13.8%), from €56,448 to €48,683
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €264,820 | €186,776 | -€78,044 | -29.5% |
| Fixed assets | 21/28 | €10,988 | €15,518 | +€4,530 | +41.2% |
| Tangible fixed assets | 22/27 | €5,988 | €15,518 | +€9,530 | +159% |
| Plant, machinery and equipment | 23 | €1,824 | €4,200 | +€2,375 | +130% |
| Furniture and vehicles | 24 | €4,164 | €11,318 | +€7,155 | +172% |
| Financial fixed assets | 28 | €5,000 | €0 | -€5,000 | -100% |
| Current assets | 29/58 | €253,832 | €171,257 | -€82,575 | -32.5% |
| Amounts receivable within one year | 40/41 | €4,657 | €66,822 | +€62,165 | +1,335% |
| Trade receivables | 40 | - | €66,822 | +€66,822 | |
| Other amounts receivable | 41 | €4,657 | €0 | -€4,657 | -100% |
| Current investments | 50/53 | €175,000 | €0 | -€175,000 | -100% |
| Cash at bank and in hand | 54/58 | €68,197 | €102,452 | +€34,255 | +50.2% |
| Deferred charges and accrued income | 490/1 | €5,978 | €1,984 | -€3,995 | -66.8% |
| Total equity and liabilities | 10/49 | €264,820 | €186,776 | -€78,044 | -29.5% |
| Equity | 10/15 | €256,933 | €173,832 | -€83,101 | -32.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €246,933 | €163,832 | -€83,101 | -33.7% |
| Distributable reserves | 133 | €246,933 | €163,832 | -€83,101 | -33.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,887 | €12,943 | +€5,056 | +64.1% |
| Amounts payable within one year | 42/48 | €7,887 | €12,943 | +€5,056 | +64.1% |
| Trade debts | 44 | €0 | €411 | +€411 | |
| Suppliers | 440/4 | €0 | €411 | +€411 | |
| Taxes, remuneration and social security | 45 | €2,470 | €7,480 | +€5,010 | +203% |
| Taxes | 450/3 | €2,470 | €7,480 | +€5,010 | +203% |
| Other amounts payable | 47/48 | €5,417 | €5,052 | -€365 | -6.7% |
| Non-recurring operating income | 76A | - | €87,773 | +€87,773 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,085 | €5,200 | +€1,115 | +27.3% |
| Other operating charges | 640/8 | €629 | €644 | +€15 | +2.3% |
| Gross operating margin | 9900 | €239,096 | €216,455 | -€22,641 | -9.5% |
| Operating profit (loss) | 9901 | €234,381 | €210,611 | -€23,770 | -10.1% |
| Financial income | 75/76B | €71,244 | €2,696 | -€68,548 | -96.2% |
| Recurring financial income | 75 | €71,244 | €2,696 | -€68,548 | -96.2% |
| Financial charges | 65/66B | €2,243 | €791 | -€1,452 | -64.7% |
| Recurring financial charges | 65 | €2,243 | €791 | -€1,452 | -64.7% |
| Profit (loss) for the period before taxes | 9903 | €303,381 | €212,516 | -€90,866 | -30.0% |
| Income taxes | 67/77 | €56,448 | €48,683 | -€7,765 | -13.8% |
| Profit (loss) for the period | 9904 | €246,933 | €163,832 | -€83,101 | -33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €246,933 | €163,832 | -€83,101 | -33.7% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.