THEMASOFT: 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.
THEMASOFT
Largest movements
- Cash +€9,448
up €9,448 (+94.3%), from €10,015 to €19,462
mainly Depreciation (+€6,504) and Receivables within one year (+€4,565)
- Tangible fixed assets -€6,504
down €6,504 (-41.2%), from €15,771 to €9,267
- Receivables within one year -€4,565
down €4,565 (-23.6%), from €19,315 to €14,750
of which Trade receivables: -€7,255
- Trade debts +€4,415
up €4,415 (+371.4%), from €1,189 to €5,604
- Reserves -€2,996
down €2,996 (-8.4%), from €35,791 to €32,795
of which Distributable reserves: -€2,996
- Other debts -€1,054
no longer reported in 2025 (was €1,054)
- Tax, wage and social debts -€1,014
down €1,014 (-64.1%), from €1,581 to €567
- Profit (loss) carried forward -€787
new in 2025: -€787
- Gross operating margin -€4,414
down €4,414 (-55.1%), from €8,015 to €3,602
- Taxes -€98
down €98 (-33.5%), from €291 to €194
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 | €45,815 | €44,379 | -€1,435 | -3.1% |
| Fixed assets | 21/28 | €15,771 | €9,267 | -€6,504 | -41.2% |
| Tangible fixed assets | 22/27 | €15,771 | €9,267 | -€6,504 | -41.2% |
| Furniture and vehicles | 24 | €15,771 | €9,267 | -€6,504 | -41.2% |
| Current assets | 29/58 | €30,044 | €35,113 | +€5,069 | +16.9% |
| Amounts receivable within one year | 40/41 | €19,315 | €14,750 | -€4,565 | -23.6% |
| Trade receivables | 40 | €17,540 | €10,285 | -€7,255 | -41.4% |
| Other amounts receivable | 41 | €1,775 | €4,465 | +€2,690 | +151.6% |
| Current investments | 50/53 | €11 | €11 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €10,015 | €19,462 | +€9,448 | +94.3% |
| Deferred charges and accrued income | 490/1 | €703 | €889 | +€186 | +26.5% |
| Total equity and liabilities | 10/49 | €45,815 | €44,379 | -€1,435 | -3.1% |
| Equity | 10/15 | €41,991 | €38,208 | -€3,783 | -9.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €35,791 | €32,795 | -€2,996 | -8.4% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €33,932 | €30,935 | -€2,996 | -8.8% |
| Profit (loss) carried forward | 14 | - | -€787 | -€787 | |
| Amounts payable | 17/49 | €3,824 | €6,171 | +€2,348 | +61.4% |
| Amounts payable within one year | 42/48 | €3,824 | €6,171 | +€2,348 | +61.4% |
| Trade debts | 44 | €1,189 | €5,604 | +€4,415 | +371.4% |
| Suppliers | 440/4 | €1,189 | €5,604 | +€4,415 | +371.4% |
| Taxes, remuneration and social security | 45 | €1,581 | €567 | -€1,014 | -64.1% |
| Taxes | 450/3 | €1,581 | €567 | -€1,014 | -64.1% |
| Other amounts payable | 47/48 | €1,054 | - | -€1,054 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,504 | €6,504 | = | 0.0% |
| Other operating charges | 640/8 | €505 | €583 | +€78 | +15.4% |
| Gross operating margin | 9900 | €8,015 | €3,602 | -€4,414 | -55.1% |
| Operating profit (loss) | 9901 | €1,005 | -€3,486 | -€4,491 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €44 | €103 | +€60 | +136.5% |
| Recurring financial charges | 65 | €44 | €103 | +€60 | +136.5% |
| Profit (loss) for the period before taxes | 9903 | €962 | -€3,589 | -€4,551 | |
| Income taxes | 67/77 | €291 | €194 | -€98 | -33.5% |
| Profit (loss) for the period | 9904 | €671 | -€3,783 | -€4,454 | |
| Profit (loss) for the period to be appropriated | 9905 | €671 | -€3,783 | -€4,454 |
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 8 October 2026 via checked.be.