Themba: 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.
Themba
Largest movements
- Tangible fixed assets -€19,367
down €19,367 (-13.7%), from €141,272 to €121,905
of which Other tangible fixed assets: -€11,961
- Receivables within one year +€12,663
up €12,663 (+109.5%), from €11,564 to €24,227
of which Trade receivables: +€24,200
- Cash +€12,345
up €12,345 (+14.0%), from €87,869 to €100,214
mainly Other debts (+€159,779) and Tax, wage and social debts (+€32,267)
- Reserves -€184,997
down €184,997 (-83.9%), from €220,595 to €35,597
- Other debts +€159,779
up €159,779 (+5324.1%), from €3,001 to €162,780
- Tax, wage and social debts +€32,267
up €32,267 (+17898.3%), from €180 to €32,447
of which Taxes: +€32,267
- Gross operating margin -€55,146
down €55,146, from €27,112 to -€28,034
- Depreciation +€3,752
up €3,752 (+24.0%), from €15,615 to €19,367
- Taxes -€2,008
down €2,008 (-92.1%), from €2,180 to €173
- Financial charges +€1,217
up €1,217 (+25.3%), from €4,818 to €6,035
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 | €242,679 | €249,651 | +€6,971 | +2.9% |
| Fixed assets | 21/28 | €141,272 | €121,905 | -€19,367 | -13.7% |
| Tangible fixed assets | 22/27 | €141,272 | €121,905 | -€19,367 | -13.7% |
| Plant, machinery and equipment | 23 | €1,721 | €1,024 | -€697 | -40.5% |
| Furniture and vehicles | 24 | €63,644 | €56,935 | -€6,709 | -10.5% |
| Other tangible fixed assets | 26 | €75,907 | €63,946 | -€11,961 | -15.8% |
| Current assets | 29/58 | €101,408 | €127,745 | +€26,338 | +26.0% |
| Amounts receivable within one year | 40/41 | €11,564 | €24,227 | +€12,663 | +109.5% |
| Trade receivables | 40 | €0 | €24,200 | +€24,200 | |
| Other amounts receivable | 41 | €11,564 | €27 | -€11,537 | -99.8% |
| Cash at bank and in hand | 54/58 | €87,869 | €100,214 | +€12,345 | +14.0% |
| Deferred charges and accrued income | 490/1 | €1,975 | €3,304 | +€1,329 | +67.3% |
| Total equity and liabilities | 10/49 | €242,679 | €249,651 | +€6,971 | +2.9% |
| Equity | 10/15 | €239,195 | €54,197 | -€184,997 | -77.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €220,595 | €35,597 | -€184,997 | -83.9% |
| Distributable reserves | 133 | €220,595 | €35,597 | -€184,997 | -83.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €3,485 | €195,453 | +€191,968 | +5509.1% |
| Amounts payable within one year | 42/48 | €3,485 | €195,453 | +€191,968 | +5509.1% |
| Trade debts | 44 | €303 | €226 | -€77 | -25.5% |
| Suppliers | 440/4 | €303 | €226 | -€77 | -25.5% |
| Taxes, remuneration and social security | 45 | €180 | €32,447 | +€32,267 | +17898.3% |
| Taxes | 450/3 | €180 | €32,447 | +€32,267 | +17898.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,001 | €162,780 | +€159,779 | +5324.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,615 | €19,367 | +€3,752 | +24.0% |
| Other operating charges | 640/8 | €1,570 | €1,389 | -€181 | -11.5% |
| Gross operating margin | 9900 | €27,112 | -€28,034 | -€55,146 | |
| Operating profit (loss) | 9901 | €9,927 | -€48,790 | -€58,717 | |
| Financial charges | 65/66B | €4,818 | €6,035 | +€1,217 | +25.3% |
| Recurring financial charges | 65 | €4,818 | €6,035 | +€1,217 | +25.3% |
| Profit (loss) for the period before taxes | 9903 | €5,110 | -€54,825 | -€59,935 | |
| Income taxes | 67/77 | €2,180 | €173 | -€2,008 | -92.1% |
| Profit (loss) for the period | 9904 | €2,929 | -€54,997 | -€57,927 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,929 | -€54,997 | -€57,927 |
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 2 October 2026 via checked.be.