Themis Lankin: 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.
Themis Lankin
Largest movements
- Cash +€293,701
up €293,701 (+102%), from €288,622 to €582,323
mainly Net result for the year (+€229,210) and Tax, wage and social debts (+€120,450)
- Receivables within one year +€38,988
up €38,988 (+123%), from €31,676 to €70,663
- Tangible fixed assets -€15,774
down €15,774 (-17.9%), from €88,242 to €72,468
of which Furniture and vehicles: -€15,459
- Reserves +€227,544
up €227,544 (+83.0%), from €274,064 to €501,607
- Tax, wage and social debts +€120,450
up €120,450 (+133%), from €90,239 to €210,689
- Debts after one year -€31,598
down €31,598 (-100%), from €31,598 to €0
- Gross operating margin +€89,926
up €89,926 (+33.6%), from €267,608 to €357,534
- Taxes +€28,867
up €28,867 (+39.4%), from €73,269 to €102,136
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 | €428,541 | €745,454 | +€316,914 | +74.0% |
| Fixed assets | 21/28 | €88,242 | €72,468 | -€15,774 | -17.9% |
| Tangible fixed assets | 22/27 | €88,242 | €72,468 | -€15,774 | -17.9% |
| Plant, machinery and equipment | 23 | €963 | €647 | -€316 | -32.8% |
| Furniture and vehicles | 24 | €87,279 | €71,821 | -€15,459 | -17.7% |
| Current assets | 29/58 | €340,298 | €672,986 | +€332,688 | +97.8% |
| Amounts receivable within one year | 40/41 | €31,676 | €70,663 | +€38,988 | +123% |
| Trade receivables | 40 | €31,676 | €70,663 | +€38,988 | +123% |
| Current investments | 50/53 | €20,000 | €20,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €288,622 | €582,323 | +€293,701 | +102% |
| Total equity and liabilities | 10/49 | €428,541 | €745,454 | +€316,914 | +74.0% |
| Equity | 10/15 | €274,364 | €501,907 | +€227,544 | +82.9% |
| Contributions | 10/11 | €300 | €300 | = | 0.0% |
| Reserves | 13 | €274,064 | €501,607 | +€227,544 | +83.0% |
| Distributable reserves | 133 | €274,064 | €501,607 | +€227,544 | +83.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €154,177 | €243,547 | +€89,370 | +58.0% |
| Amounts payable after more than one year | 17 | €31,598 | €0 | -€31,598 | -100% |
| Financial debts | 170/4 | €31,598 | €0 | -€31,598 | -100% |
| Amounts payable within one year | 42/48 | €122,579 | €243,547 | +€120,969 | +98.7% |
| Current portion of amounts payable after more than one year | 42 | €30,316 | €31,598 | +€1,282 | +4.2% |
| Trade debts | 44 | €369 | €149 | -€221 | -59.8% |
| Suppliers | 440/4 | €369 | €149 | -€221 | -59.8% |
| Taxes, remuneration and social security | 45 | €90,239 | €210,689 | +€120,450 | +133% |
| Taxes | 450/3 | €90,239 | €210,689 | +€120,450 | +133% |
| Other amounts payable | 47/48 | €1,655 | €1,112 | -€543 | -32.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,238 | €22,823 | +€1,586 | +7.5% |
| Other operating charges | 640/8 | €1,163 | €583 | -€580 | -49.9% |
| Gross operating margin | 9900 | €267,608 | €357,534 | +€89,926 | +33.6% |
| Operating profit (loss) | 9901 | €245,208 | €334,128 | +€88,920 | +36.3% |
| Financial income | 75/76B | €174 | €120 | -€53 | -30.7% |
| Recurring financial income | 75 | €174 | €120 | -€53 | -30.7% |
| Financial charges | 65/66B | €4,750 | €2,903 | -€1,847 | -38.9% |
| Recurring financial charges | 65 | €4,750 | €2,903 | -€1,847 | -38.9% |
| Profit (loss) for the period before taxes | 9903 | €240,632 | €331,345 | +€90,714 | +37.7% |
| Income taxes | 67/77 | €73,269 | €102,136 | +€28,867 | +39.4% |
| Profit (loss) for the period | 9904 | €167,363 | €229,210 | +€61,847 | +37.0% |
| Profit (loss) for the period to be appropriated | 9905 | €167,363 | €229,210 | +€61,847 | +37.0% |
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 30 October 2026 via checked.be.