THEMOSA: 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.
THEMOSA
Largest movements
- Intangible fixed assets -€22,750
down €22,750 (-13.2%), from €172,349 to €149,599
- Tangible fixed assets -€19,969
down €19,969 (-40.0%), from €49,961 to €29,992
of which Furniture and vehicles: -€22,335
- Profit (loss) carried forward -€37,785
down €37,785 (-853.7%), from -€4,426 to -€42,211
- Trade debts -€2,837
down €2,837 (-15.8%), from €17,987 to €15,150
- Gross operating margin -€24,485
down €24,485 (-27.6%), from €88,770 to €64,284
- Staff costs +€4,637
up €4,637 (+11.3%), from €41,034 to €45,670
- Financial charges +€4,233
up €4,233 (+143.4%), from €2,952 to €7,185
- Depreciation +€2,595
up €2,595 (+5.9%), from €43,652 to €46,246
- Other operating charges -€1,602
down €1,602 (-37.2%), from €4,304 to €2,702
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.
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 | €270,369 | €230,662 | -€39,708 | -14.7% |
| Fixed assets | 21/28 | €222,310 | €179,591 | -€42,719 | -19.2% |
| Intangible fixed assets | 21 | €172,349 | €149,599 | -€22,750 | -13.2% |
| Tangible fixed assets | 22/27 | €49,961 | €29,992 | -€19,969 | -40.0% |
| Land and buildings | 22 | €2,676 | €2,487 | -€189 | -7.1% |
| Plant, machinery and equipment | 23 | €2,656 | €2,366 | -€290 | -10.9% |
| Furniture and vehicles | 24 | €37,674 | €15,339 | -€22,335 | -59.3% |
| Other tangible fixed assets | 26 | €6,955 | €9,801 | +€2,846 | +40.9% |
| Current assets | 29/58 | €48,059 | €51,070 | +€3,011 | +6.3% |
| Amounts receivable within one year | 40/41 | €44,190 | €44,957 | +€767 | +1.7% |
| Trade receivables | 40 | €44,190 | €44,957 | +€767 | +1.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | - | €2,681 | +€2,681 | |
| Deferred charges and accrued income | 490/1 | €3,869 | €3,433 | -€436 | -11.3% |
| Total equity and liabilities | 10/49 | €270,369 | €230,662 | -€39,708 | -14.7% |
| Equity | 10/15 | €16,074 | -€21,711 | -€37,785 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €15,500 | €15,500 | = | 0.0% |
| Distributable reserves | 133 | €15,500 | €15,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€4,426 | -€42,211 | -€37,785 | -853.7% |
| Amounts payable | 17/49 | €254,295 | €252,373 | -€1,922 | -0.8% |
| Amounts payable after more than one year | 17 | €206,818 | €207,918 | +€1,100 | +0.5% |
| Financial debts | 170/4 | €57,508 | €48,212 | -€9,296 | -16.2% |
| Other amounts payable | 178/9 | €149,310 | €159,706 | +€10,396 | +7.0% |
| Amounts payable within one year | 42/48 | €47,477 | €44,380 | -€3,097 | -6.5% |
| Current portion of amounts payable after more than one year | 42 | €8,898 | €9,296 | +€398 | +4.5% |
| Financial debts | 43 | €1,735 | €0 | -€1,735 | -100.0% |
| Credit institutions | 430/8 | €1,735 | €0 | -€1,735 | -100.0% |
| Trade debts | 44 | €17,987 | €15,150 | -€2,837 | -15.8% |
| Suppliers | 440/4 | €17,987 | €15,150 | -€2,837 | -15.8% |
| Taxes, remuneration and social security | 45 | €18,858 | €19,934 | +€1,077 | +5.7% |
| Taxes | 450/3 | €10,819 | €10,761 | -€59 | -0.5% |
| Remuneration and social security | 454/9 | €8,038 | €9,174 | +€1,136 | +14.1% |
| Accrued charges and deferred income | 492/3 | - | €75 | +€75 | |
| Remuneration, social security and pensions | 62 | €41,034 | €45,670 | +€4,637 | +11.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,652 | €46,246 | +€2,595 | +5.9% |
| Other operating charges | 640/8 | €4,304 | €2,702 | -€1,602 | -37.2% |
| Gross operating margin | 9900 | €88,770 | €64,284 | -€24,485 | -27.6% |
| Operating profit (loss) | 9901 | -€220 | -€30,334 | -€30,114 | -13710.1% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,952 | €7,185 | +€4,233 | +143.4% |
| Recurring financial charges | 65 | €2,952 | €7,185 | +€4,233 | +143.4% |
| Profit (loss) for the period before taxes | 9903 | -€3,171 | -€37,519 | -€34,347 | -1083.0% |
| Income taxes | 67/77 | €1,616 | €267 | -€1,350 | -83.5% |
| Profit (loss) for the period | 9904 | -€4,788 | -€37,785 | -€32,997 | -689.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,788 | -€37,785 | -€32,997 | -689.2% |
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 11 October 2026 via checked.be.