Themis Law: 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 Law
Largest movements
- Receivables within one year -€30,593
down €30,593 (-74.0%), from €41,334 to €10,740
of which Trade receivables: -€18,077
- Cash -€17,024
down €17,024 (-10.7%), from €159,835 to €142,811
mainly Contributions, distributions and other (-€86,405) and Other debts (-€56,609)
- Tangible fixed assets +€10,774
up €10,774 (+266%), from €4,047 to €14,821
of which Furniture and vehicles: +€10,489
- Other debts -€56,609
down €56,609 (-33.2%), from €170,324 to €113,715
- Tax, wage and social debts +€18,559
up €18,559 (+71.1%), from €26,094 to €44,653
of which Taxes: +€21,529
- Gross operating margin +€37,754
up €37,754 (+47.6%), from €79,377 to €117,132
- Taxes +€10,605
up €10,605 (+65.9%), from €16,097 to €26,702
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 | €206,009 | €168,495 | -€37,514 | -18.2% |
| Fixed assets | 21/28 | €4,047 | €14,821 | +€10,774 | +266% |
| Tangible fixed assets | 22/27 | €4,047 | €14,821 | +€10,774 | +266% |
| Plant, machinery and equipment | 23 | €1,773 | €2,352 | +€580 | +32.7% |
| Furniture and vehicles | 24 | - | €10,489 | +€10,489 | |
| Other tangible fixed assets | 26 | €2,274 | €1,979 | -€294 | -12.9% |
| Current assets | 29/58 | €201,962 | €153,674 | -€48,288 | -23.9% |
| Amounts receivable within one year | 40/41 | €41,334 | €10,740 | -€30,593 | -74.0% |
| Trade receivables | 40 | €28,817 | €10,740 | -€18,077 | -62.7% |
| Other amounts receivable | 41 | €12,516 | - | -€12,516 | |
| Cash at bank and in hand | 54/58 | €159,835 | €142,811 | -€17,024 | -10.7% |
| Deferred charges and accrued income | 490/1 | €794 | €123 | -€671 | -84.6% |
| Total equity and liabilities | 10/49 | €206,009 | €168,495 | -€37,514 | -18.2% |
| Equity | 10/15 | €1,200 | €1,200 | = | 0.0% |
| Contributions | 10/11 | €1,200 | €1,200 | = | 0.0% |
| Amounts payable | 17/49 | €204,809 | €167,295 | -€37,514 | -18.3% |
| Amounts payable within one year | 42/48 | €204,809 | €167,295 | -€37,514 | -18.3% |
| Trade debts | 44 | €8,390 | €8,927 | +€536 | +6.4% |
| Suppliers | 440/4 | €8,390 | €8,927 | +€536 | +6.4% |
| Taxes, remuneration and social security | 45 | €26,094 | €44,653 | +€18,559 | +71.1% |
| Taxes | 450/3 | €20,285 | €41,814 | +€21,529 | +106% |
| Remuneration and social security | 454/9 | €5,809 | €2,839 | -€2,970 | -51.1% |
| Other amounts payable | 47/48 | €170,324 | €113,715 | -€56,609 | -33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,274 | €2,530 | +€256 | +11.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €930 | - | -€930 | |
| Other operating charges | 640/8 | €1,286 | €978 | -€309 | -24.0% |
| Gross operating margin | 9900 | €79,377 | €117,132 | +€37,754 | +47.6% |
| Operating profit (loss) | 9901 | €74,887 | €113,624 | +€38,737 | +51.7% |
| Financial income | 75/76B | €396 | - | -€396 | |
| Recurring financial income | 75 | €396 | - | -€396 | |
| Financial charges | 65/66B | €675 | €516 | -€159 | -23.5% |
| Recurring financial charges | 65 | €675 | €516 | -€159 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €74,607 | €113,107 | +€38,500 | +51.6% |
| Income taxes | 67/77 | €16,097 | €26,702 | +€10,605 | +65.9% |
| Profit (loss) for the period | 9904 | €58,510 | €86,405 | +€27,895 | +47.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,510 | €86,405 | +€27,895 | +47.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.