THEMIS: 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.
THEMIS
Largest movements
- Cash -€2,380
down €2,380 (-8.2%), from €28,894 to €26,514
mainly Other debts (-€4,862) and Receivables within one year (-€1,694)
- Receivables within one year +€1,694
up €1,694 (+53.3%), from €3,180 to €4,874
of which Other amounts receivable: +€4,874
- Other debts -€4,862
down €4,862 (-87.8%), from €5,537 to €675
- Profit (loss) carried forward +€4,446
up €4,446 (+20.1%), from €22,085 to €26,531
- Tax, wage and social debts -€543
no longer reported in 2026 (was €543)
- Turnover -€9,860
down €9,860 (-43.9%), from €22,439 to €12,579
- Gross operating margin -€3,664
down €3,664 (-36.7%), from €9,971 to €6,307
- Financial charges -€2,042
down €2,042 (-97.2%), from €2,100 to €58
- Taxes -€877
down €877 (-36.4%), from €2,408 to €1,531
- Depreciation -€358
down €358 (-74.6%), from €480 to €122
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €32,347 | €31,388 | -€959 | -3.0% |
| Fixed assets | 21/28 | €273 | - | -€273 | |
| Tangible fixed assets | 22/27 | €273 | - | -€273 | |
| Plant, machinery and equipment | 23 | €273 | - | -€273 | |
| Current assets | 29/58 | €32,074 | €31,388 | -€686 | -2.1% |
| Amounts receivable within one year | 40/41 | €3,180 | €4,874 | +€1,694 | +53.3% |
| Trade receivables | 40 | €3,180 | - | -€3,180 | |
| Other amounts receivable | 41 | - | €4,874 | +€4,874 | |
| Cash at bank and in hand | 54/58 | €28,894 | €26,514 | -€2,380 | -8.2% |
| Total equity and liabilities | 10/49 | €32,347 | €31,388 | -€959 | -3.0% |
| Equity | 10/15 | €26,267 | €30,713 | +€4,446 | +16.9% |
| Reserves | 13 | €4,182 | €4,182 | = | 0.0% |
| 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 | €2,322 | €2,322 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,085 | €26,531 | +€4,446 | +20.1% |
| Amounts payable | 17/49 | €6,080 | €675 | -€5,405 | -88.9% |
| Amounts payable within one year | 42/48 | €6,080 | €675 | -€5,405 | -88.9% |
| Taxes, remuneration and social security | 45 | €543 | - | -€543 | |
| Taxes | 450/3 | €543 | - | -€543 | |
| Other amounts payable | 47/48 | €5,537 | €675 | -€4,862 | -87.8% |
| Turnover | 70 | €22,439 | €12,579 | -€9,860 | -43.9% |
| Non-recurring operating income | 76A | - | €302 | +€302 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €480 | €122 | -€358 | -74.6% |
| Other operating charges | 640/8 | €144 | €148 | +€4 | +2.8% |
| Non-recurring operating charges | 66A | - | €4 | +€4 | |
| Gross operating margin | 9900 | €9,971 | €6,307 | -€3,664 | -36.7% |
| Operating profit (loss) | 9901 | €9,347 | €6,033 | -€3,314 | -35.5% |
| Financial income | 75/76B | €28 | €2 | -€26 | -92.9% |
| Recurring financial income | 75 | €28 | €2 | -€26 | -92.9% |
| Financial charges | 65/66B | €2,100 | €58 | -€2,042 | -97.2% |
| Recurring financial charges | 65 | €2,100 | €58 | -€2,042 | -97.2% |
| Profit (loss) for the period before taxes | 9903 | €7,275 | €5,977 | -€1,298 | -17.8% |
| Income taxes | 67/77 | €2,408 | €1,531 | -€877 | -36.4% |
| Profit (loss) for the period | 9904 | €4,867 | €4,446 | -€421 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €4,867 | €4,446 | -€421 | -8.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2025 and 13 August 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.