THEMIKRI: 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.
THEMIKRI
Largest movements
- Cash +€114,182
up €114,182 (+157.3%), from €72,567 to €186,748
mainly Other debts (+€99,264) and Depreciation (+€38,500)
- Tangible fixed assets -€34,942
down €34,942 (-21.7%), from €161,345 to €126,403
of which Plant, machinery and equipment: -€26,240
- Receivables within one year -€20,533
down €20,533 (-61.0%), from €33,654 to €13,121
of which Trade receivables: -€21,995
- Deferred charges and accrued income -€4,546
down €4,546 (-45.0%), from €10,106 to €5,560
- Other debts +€99,264
up €99,264 (+257.5%), from €38,554 to €137,819
- Tax, wage and social debts -€30,339
down €30,339 (-15.8%), from €192,514 to €162,175
of which Taxes: -€19,124
- Trade debts -€24,166
down €24,166 (-22.9%), from €105,623 to €81,457
- Accrued charges and deferred income +€6,578
up €6,578 (+917.9%), from €717 to €7,294
- Staff costs +€36,773
up €36,773 (+7.1%), from €520,849 to €557,622
- Gross operating margin -€20,865
down €20,865 (-3.1%), from €664,547 to €643,682
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 | €306,985 | €359,009 | +€52,023 | +16.9% |
| Fixed assets | 21/28 | €163,220 | €128,278 | -€34,942 | -21.4% |
| Tangible fixed assets | 22/27 | €161,345 | €126,403 | -€34,942 | -21.7% |
| Plant, machinery and equipment | 23 | €138,720 | €112,480 | -€26,240 | -18.9% |
| Furniture and vehicles | 24 | €22,626 | €13,923 | -€8,702 | -38.5% |
| Financial fixed assets | 28 | €1,875 | €1,875 | = | 0.0% |
| Current assets | 29/58 | €143,765 | €230,730 | +€86,966 | +60.5% |
| Stocks and contracts in progress | 3 | €27,439 | €25,301 | -€2,137 | -7.8% |
| Stocks | 30/36 | €27,439 | €25,301 | -€2,137 | -7.8% |
| Amounts receivable within one year | 40/41 | €33,654 | €13,121 | -€20,533 | -61.0% |
| Trade receivables | 40 | €33,654 | €11,659 | -€21,995 | -65.4% |
| Other amounts receivable | 41 | €0 | €1,462 | +€1,462 | |
| Cash at bank and in hand | 54/58 | €72,567 | €186,748 | +€114,182 | +157.3% |
| Deferred charges and accrued income | 490/1 | €10,106 | €5,560 | -€4,546 | -45.0% |
| Total equity and liabilities | 10/49 | €306,985 | €359,009 | +€52,023 | +16.9% |
| Equity | 10/15 | -€389,068 | -€388,441 | +€626 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€407,668 | -€407,041 | +€626 | +0.2% |
| Amounts payable | 17/49 | €696,053 | €747,450 | +€51,397 | +7.4% |
| Amounts payable after more than one year | 17 | €358,645 | €358,645 | = | 0.0% |
| Other amounts payable | 178/9 | €358,645 | €358,645 | = | 0.0% |
| Amounts payable within one year | 42/48 | €336,691 | €381,511 | +€44,819 | +13.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | - | €60 | +€60 | |
| Credit institutions | 430/8 | - | €60 | +€60 | |
| Trade debts | 44 | €105,623 | €81,457 | -€24,166 | -22.9% |
| Suppliers | 440/4 | €105,623 | €81,457 | -€24,166 | -22.9% |
| Taxes, remuneration and social security | 45 | €192,514 | €162,175 | -€30,339 | -15.8% |
| Taxes | 450/3 | €72,836 | €53,712 | -€19,124 | -26.3% |
| Remuneration and social security | 454/9 | €119,678 | €108,463 | -€11,216 | -9.4% |
| Other amounts payable | 47/48 | €38,554 | €137,819 | +€99,264 | +257.5% |
| Accrued charges and deferred income | 492/3 | €717 | €7,294 | +€6,578 | +917.9% |
| Remuneration, social security and pensions | 62 | €520,849 | €557,622 | +€36,773 | +7.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,972 | €38,500 | -€5,472 | -12.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €11,886 | €14,751 | +€2,865 | +24.1% |
| Gross operating margin | 9900 | €664,547 | €643,682 | -€20,865 | -3.1% |
| Operating profit (loss) | 9901 | €87,840 | €32,810 | -€55,030 | -62.6% |
| Financial income | 75/76B | €0 | €119 | +€119 | +91430.8% |
| Recurring financial income | 75 | €0 | €119 | +€119 | +91430.8% |
| Financial charges | 65/66B | €30,864 | €31,468 | +€603 | +2.0% |
| Recurring financial charges | 65 | €30,864 | €31,468 | +€603 | +2.0% |
| Profit (loss) for the period before taxes | 9903 | €56,976 | €1,461 | -€55,515 | -97.4% |
| Income taxes | 67/77 | €0 | €835 | +€835 | |
| Profit (loss) for the period | 9904 | €56,976 | €626 | -€56,350 | -98.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,976 | €626 | -€56,350 | -98.9% |
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 4 October 2026 via checked.be.