THEMISAMBRE: what changed
THEMISAMBRE
Largest movements
- Cash +€67,672
up €67,672 (+210%), from €32,298 to €99,970
mainly Net result for the year (+€103,695) and Tax, wage and social debts (+€16,910)
- Receivables within one year +€39,359
up €39,359 (+39.4%), from €99,943 to €139,302
of which Trade receivables: +€41,181
- Tangible fixed assets +€13,043
up €13,043 (+474%), from €2,752 to €15,795
- Deferred charges and accrued income +€3,255
up €3,255 (+603%), from €540 to €3,795
- Reserves +€99,000
up €99,000 (+151%), from €65,591 to €164,591
- Tax, wage and social debts +€16,910
up €16,910 (+84.4%), from €20,043 to €36,954
of which Taxes: +€16,941
- Other debts +€4,000
new in 2025: €4,000
- Trade debts +€2,724
up €2,724 (+7.5%), from €36,230 to €38,954
- Gross operating margin +€100,808
up €100,808 (+136%), from €73,883 to €174,691
- Taxes +€29,478
up €29,478 (+195%), from €15,118 to €44,597
- Other operating charges +€2,950
up €2,950 (+56.7%), from €5,207 to €8,157
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €135,532 | €258,862 | +€123,330 | +91.0% |
| Fixed assets | 21/28 | €2,752 | €15,795 | +€13,043 | +474% |
| Tangible fixed assets | 22/27 | €2,752 | €15,795 | +€13,043 | +474% |
| Furniture and vehicles | 24 | €2,752 | €15,795 | +€13,043 | +474% |
| Current assets | 29/58 | €132,780 | €243,066 | +€110,286 | +83.1% |
| Amounts receivable within one year | 40/41 | €99,943 | €139,302 | +€39,359 | +39.4% |
| Trade receivables | 40 | €67,218 | €108,399 | +€41,181 | +61.3% |
| Other amounts receivable | 41 | €32,725 | €30,903 | -€1,822 | -5.6% |
| Cash at bank and in hand | 54/58 | €32,298 | €99,970 | +€67,672 | +210% |
| Deferred charges and accrued income | 490/1 | €540 | €3,795 | +€3,255 | +603% |
| Total equity and liabilities | 10/49 | €135,532 | €258,862 | +€123,330 | +91.0% |
| Equity | 10/15 | €79,259 | €178,954 | +€99,695 | +126% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €65,591 | €164,591 | +€99,000 | +151% |
| Distributable reserves | 133 | €65,591 | €164,591 | +€99,000 | +151% |
| Profit (loss) carried forward | 14 | €1,267 | €1,962 | +€695 | +54.8% |
| Amounts payable | 17/49 | €56,273 | €79,908 | +€23,635 | +42.0% |
| Amounts payable within one year | 42/48 | €56,273 | €79,908 | +€23,635 | +42.0% |
| Trade debts | 44 | €36,230 | €38,954 | +€2,724 | +7.5% |
| Suppliers | 440/4 | €36,230 | €38,954 | +€2,724 | +7.5% |
| Taxes, remuneration and social security | 45 | €20,043 | €36,954 | +€16,910 | +84.4% |
| Taxes | 450/3 | €16,575 | €33,516 | +€16,941 | +102% |
| Remuneration and social security | 454/9 | €3,469 | €3,438 | -€31 | -0.9% |
| Other amounts payable | 47/48 | - | €4,000 | +€4,000 | |
| Remuneration, social security and pensions | 62 | €16,949 | €17,477 | +€528 | +3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €881 | €1,461 | +€579 | +65.7% |
| Other operating charges | 640/8 | €5,207 | €8,157 | +€2,950 | +56.7% |
| Gross operating margin | 9900 | €73,883 | €174,691 | +€100,808 | +136% |
| Operating profit (loss) | 9901 | €50,845 | €147,596 | +€96,751 | +190% |
| Financial income | 75/76B | €2,132 | €1,729 | -€404 | -18.9% |
| Recurring financial income | 75 | €2,132 | €1,729 | -€404 | -18.9% |
| Financial charges | 65/66B | €1,158 | €1,033 | -€125 | -10.8% |
| Recurring financial charges | 65 | €1,158 | €1,033 | -€125 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €51,819 | €148,292 | +€96,473 | +186% |
| Income taxes | 67/77 | €15,118 | €44,597 | +€29,478 | +195% |
| Profit (loss) for the period | 9904 | €36,701 | €103,695 | +€66,994 | +183% |
| Profit (loss) for the period to be appropriated | 9905 | €36,701 | €103,695 | +€66,994 | +183% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.