THEMENTAL: 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.
THEMENTAL
Largest movements
- Cash +€25,240
up €25,240 (+70.8%), from €35,643 to €60,884
mainly Other debts (+€35,134) and Net result for the year (+€26,046)
- Receivables within one year -€3,692
down €3,692 (-21.8%), from €16,953 to €13,261
of which Other amounts receivable: -€3,120
- Tangible fixed assets -€1,035
down €1,035 (-29.4%), from €3,524 to €2,490
of which Furniture and vehicles: -€694
- Other debts +€35,134
new in 2025: €35,134
- Profit (loss) carried forward -€28,154
down €28,154 (-63.5%), from €44,302 to €16,148
- Tax, wage and social debts +€5,327
up €5,327 (+69.5%), from €7,661 to €12,989
- Advances received +€4,150
new in 2025: €4,150
- Trade debts +€3,945
up €3,945 (+159.8%), from €2,469 to €6,413
- Gross operating margin +€26,233
up €26,233 (+213.2%), from €12,307 to €38,540
- Taxes +€7,683
up €7,683 (+331.6%), from €2,317 to €9,999
- Other operating charges +€1,044
up €1,044 (+212.3%), from €492 to €1,535
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 | €58,081 | €78,134 | +€20,053 | +34.5% |
| Fixed assets | 21/28 | €5,484 | €3,990 | -€1,495 | -27.3% |
| Tangible fixed assets | 22/27 | €3,524 | €2,490 | -€1,035 | -29.4% |
| Plant, machinery and equipment | 23 | €691 | €350 | -€341 | -49.3% |
| Furniture and vehicles | 24 | €2,834 | €2,140 | -€694 | -24.5% |
| Financial fixed assets | 28 | €1,960 | €1,500 | -€460 | -23.5% |
| Current assets | 29/58 | €52,597 | €74,145 | +€21,548 | +41.0% |
| Amounts receivable within one year | 40/41 | €16,953 | €13,261 | -€3,692 | -21.8% |
| Trade receivables | 40 | €1,453 | €881 | -€572 | -39.4% |
| Other amounts receivable | 41 | €15,500 | €12,380 | -€3,120 | -20.1% |
| Cash at bank and in hand | 54/58 | €35,643 | €60,884 | +€25,240 | +70.8% |
| Total equity and liabilities | 10/49 | €58,081 | €78,134 | +€20,053 | +34.5% |
| Equity | 10/15 | €46,302 | €18,148 | -€28,154 | -60.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,302 | €16,148 | -€28,154 | -63.5% |
| Amounts payable | 17/49 | €11,779 | €59,986 | +€48,207 | +409.3% |
| Amounts payable after more than one year | 17 | €460 | - | -€460 | |
| Other amounts payable | 178/9 | €460 | - | -€460 | |
| Amounts payable within one year | 42/48 | €10,130 | €58,686 | +€48,556 | +479.3% |
| Trade debts | 44 | €2,469 | €6,413 | +€3,945 | +159.8% |
| Suppliers | 440/4 | €2,469 | €6,413 | +€3,945 | +159.8% |
| Advances received on contracts in progress | 46 | - | €4,150 | +€4,150 | |
| Taxes, remuneration and social security | 45 | €7,661 | €12,989 | +€5,327 | +69.5% |
| Taxes | 450/3 | €7,661 | €12,989 | +€5,327 | +69.5% |
| Other amounts payable | 47/48 | - | €35,134 | +€35,134 | |
| Accrued charges and deferred income | 492/3 | €1,189 | €1,300 | +€111 | +9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €978 | €1,035 | +€57 | +5.8% |
| Other operating charges | 640/8 | €492 | €1,535 | +€1,044 | +212.3% |
| Gross operating margin | 9900 | €12,307 | €38,540 | +€26,233 | +213.2% |
| Operating profit (loss) | 9901 | €10,838 | €35,970 | +€25,132 | +231.9% |
| Financial income | 75/76B | €7 | €265 | +€259 | +3858.5% |
| Recurring financial income | 75 | €7 | €265 | +€259 | +3858.5% |
| Non-recurring financial income | 76B | €7 | - | -€7 | |
| Financial charges | 65/66B | €177 | €190 | +€13 | +7.6% |
| Recurring financial charges | 65 | €159 | €190 | +€31 | +19.8% |
| Non-recurring financial charges | 66B | €18 | - | -€18 | |
| Profit (loss) for the period before taxes | 9903 | €10,668 | €36,045 | +€25,378 | +237.9% |
| Income taxes | 67/77 | €2,317 | €9,999 | +€7,683 | +331.6% |
| Profit (loss) for the period | 9904 | €8,351 | €26,046 | +€17,695 | +211.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,351 | €26,046 | +€17,695 | +211.9% |
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 5 October 2026 via checked.be.