THEMELIOS: 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.
THEMELIOS
Largest movements
- Receivables within one year +€19,868
up €19,868 (+39351.1%), from €50 to €19,919
of which Trade receivables: +€17,481
- Cash +€6,394
up €6,394 (+20896.3%), from €31 to €6,425
mainly Net result for the year (+€29,835) and Tax, wage and social debts (+€3,044)
- Tangible fixed assets -€1,098
down €1,098 (-64.9%), from €1,690 to €592
of which Plant, machinery and equipment: -€709
- Deferred charges and accrued income -€1,008
no longer reported in 2025 (was €1,008)
- Profit (loss) carried forward +€29,835
up €29,835 (+91.9%), from -€32,463 to -€2,628
- Other debts -€8,750
down €8,750 (-46.7%), from €18,750 to €10,000
- Tax, wage and social debts +€3,044
new in 2025: €3,044
- Gross operating margin +€48,468
up €48,468, from -€10,571 to €37,897
- Staff costs -€7,280
down €7,280 (-100.0%), from €7,280 to €0
- Taxes +€6,063
new in 2025: €6,063
- Depreciation -€1,517
down €1,517 (-58.0%), from €2,614 to €1,098
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 | €2,784 | €26,941 | +€24,157 | +867.7% |
| Fixed assets | 21/28 | €1,695 | €597 | -€1,098 | -64.8% |
| Tangible fixed assets | 22/27 | €1,690 | €592 | -€1,098 | -64.9% |
| Plant, machinery and equipment | 23 | €786 | €78 | -€709 | -90.1% |
| Furniture and vehicles | 24 | €904 | €515 | -€389 | -43.0% |
| Financial fixed assets | 28 | €5 | €5 | = | 0.0% |
| Current assets | 29/58 | €1,089 | €26,344 | +€25,255 | +2319.2% |
| Amounts receivable within one year | 40/41 | €50 | €19,919 | +€19,868 | +39351.1% |
| Trade receivables | 40 | - | €17,481 | +€17,481 | |
| Other amounts receivable | 41 | €50 | €2,437 | +€2,387 | +4727.5% |
| Cash at bank and in hand | 54/58 | €31 | €6,425 | +€6,394 | +20896.3% |
| Deferred charges and accrued income | 490/1 | €1,008 | - | -€1,008 | |
| Total equity and liabilities | 10/49 | €2,784 | €26,941 | +€24,157 | +867.7% |
| Equity | 10/15 | -€18,203 | €11,632 | +€29,835 | |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,463 | -€2,628 | +€29,835 | +91.9% |
| Amounts payable | 17/49 | €20,987 | €15,309 | -€5,678 | -27.1% |
| Amounts payable within one year | 42/48 | €20,987 | €15,309 | -€5,678 | -27.1% |
| Trade debts | 44 | €2,236 | €2,265 | +€29 | +1.3% |
| Suppliers | 440/4 | €2,236 | €2,265 | +€29 | +1.3% |
| Taxes, remuneration and social security | 45 | - | €3,044 | +€3,044 | |
| Taxes | 450/3 | - | €3,044 | +€3,044 | |
| Other amounts payable | 47/48 | €18,750 | €10,000 | -€8,750 | -46.7% |
| Remuneration, social security and pensions | 62 | €7,280 | €0 | -€7,280 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,614 | €1,098 | -€1,517 | -58.0% |
| Other operating charges | 640/8 | €1,020 | €724 | -€296 | -29.0% |
| Gross operating margin | 9900 | -€10,571 | €37,897 | +€48,468 | |
| Operating profit (loss) | 9901 | -€21,486 | €36,075 | +€57,561 | |
| Financial income | 75/76B | €10 | €0 | -€10 | -99.7% |
| Recurring financial income | 75 | €10 | €0 | -€10 | -99.7% |
| Financial charges | 65/66B | €403 | €178 | -€224 | -55.8% |
| Recurring financial charges | 65 | €403 | €178 | -€224 | -55.8% |
| Profit (loss) for the period before taxes | 9903 | -€21,879 | €35,897 | +€57,776 | |
| Income taxes | 67/77 | - | €6,063 | +€6,063 | |
| Profit (loss) for the period | 9904 | -€21,879 | €29,835 | +€51,713 | |
| Profit (loss) for the period to be appropriated | 9905 | -€21,879 | €29,835 | +€51,713 |
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 6 October 2026 via checked.be.