Themelio: 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.
Themelio
Largest movements
- Receivables within one year -€7,862
down €7,862 (-13.4%), from €58,727 to €50,865
of which Other amounts receivable: -€6,886
- Tangible fixed assets -€3,789
no longer reported in 2025 (was €3,789)
- Cash +€878
up €878 (+29.2%), from €3,006 to €3,884
mainly Net result for the year (+€11,647) and Receivables within one year (+€7,862)
- Trade debts -€14,270
down €14,270 (-59.0%), from €24,187 to €9,917
- Tax, wage and social debts +€4,410
up €4,410 (+60.9%), from €7,244 to €11,654
- Profit (loss) carried forward +€2,647
up €2,647, from -€2,469 to €178
- Other debts -€2,500
down €2,500 (-20.0%), from €12,500 to €10,000
- Reserves -€1,000
down €1,000 (-5.6%), from €17,860 to €16,860
of which Distributable reserves: -€1,000
- Gross operating margin +€23,271
up €23,271, from -€3,285 to €19,986
- Taxes +€4,846
up €4,846 (+2,564%), from €189 to €5,035
- Depreciation -€1,109
no longer reported in 2025 (was €1,109)
- Other operating charges +€801
up €801 (+46.9%), from €1,707 to €2,508
- Financial charges +€216
up €216 (+37.2%), from €580 to €796
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 | €65,522 | €54,809 | -€10,713 | -16.4% |
| Fixed assets | 21/28 | €3,789 | - | -€3,789 | |
| Tangible fixed assets | 22/27 | €3,789 | - | -€3,789 | |
| Furniture and vehicles | 24 | €3,789 | - | -€3,789 | |
| Current assets | 29/58 | €61,733 | €54,809 | -€6,924 | -11.2% |
| Amounts receivable within one year | 40/41 | €58,727 | €50,865 | -€7,862 | -13.4% |
| Trade receivables | 40 | €15,973 | €14,997 | -€976 | -6.1% |
| Other amounts receivable | 41 | €42,754 | €35,868 | -€6,886 | -16.1% |
| Cash at bank and in hand | 54/58 | €3,006 | €3,884 | +€878 | +29.2% |
| Deferred charges and accrued income | 490/1 | - | €60 | +€60 | |
| Total equity and liabilities | 10/49 | €65,522 | €54,809 | -€10,713 | -16.4% |
| Equity | 10/15 | €21,591 | €23,238 | +€1,647 | +7.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €17,860 | €16,860 | -€1,000 | -5.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €16,000 | €15,000 | -€1,000 | -6.3% |
| Profit (loss) carried forward | 14 | -€2,469 | €178 | +€2,647 | |
| Amounts payable | 17/49 | €43,931 | €31,571 | -€12,360 | -28.1% |
| Amounts payable within one year | 42/48 | €43,931 | €31,571 | -€12,360 | -28.1% |
| Trade debts | 44 | €24,187 | €9,917 | -€14,270 | -59.0% |
| Suppliers | 440/4 | €24,187 | €9,917 | -€14,270 | -59.0% |
| Taxes, remuneration and social security | 45 | €7,244 | €11,654 | +€4,410 | +60.9% |
| Taxes | 450/3 | €7,244 | €11,654 | +€4,410 | +60.9% |
| Other amounts payable | 47/48 | €12,500 | €10,000 | -€2,500 | -20.0% |
| Non-recurring operating income | 76A | €1,700 | €7,071 | +€5,371 | +316% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,109 | - | -€1,109 | |
| Other operating charges | 640/8 | €1,707 | €2,508 | +€801 | +46.9% |
| Gross operating margin | 9900 | -€3,285 | €19,986 | +€23,271 | |
| Operating profit (loss) | 9901 | -€6,101 | €17,478 | +€23,579 | |
| Financial income | 75/76B | €14 | - | -€14 | |
| Recurring financial income | 75 | €14 | - | -€14 | |
| Financial charges | 65/66B | €580 | €796 | +€216 | +37.2% |
| Recurring financial charges | 65 | €580 | €796 | +€216 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | -€6,667 | €16,682 | +€23,349 | |
| Income taxes | 67/77 | €189 | €5,035 | +€4,846 | +2,564% |
| Profit (loss) for the period | 9904 | -€6,856 | €11,647 | +€18,503 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,856 | €11,647 | +€18,503 |
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 18 October 2026 via checked.be.