Themtis: 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.
Themtis
Largest movements
- Current investments -€45,357
down €45,357 (-22.1%), from €205,092 to €159,734
- Receivables within one year +€16,937
up €16,937 (+12.8%), from €132,654 to €149,591
of which Trade receivables: +€16,970
- Tangible fixed assets -€16,161
down €16,161 (-3.8%), from €427,360 to €411,198
of which Land and buildings: -€15,660
- Reserves -€106,195
down €106,195 (-100.0%), from €106,195 to €0
- Other debts +€47,556
up €47,556 (+11.8%), from €403,546 to €451,102
- Tax, wage and social debts +€38,343
up €38,343 (+185.5%), from €20,674 to €59,017
- Debts after one year -€14,270
down €14,270 (-7.1%), from €199,944 to €185,673
- Gross operating margin +€136,968
up €136,968 (+39.8%), from €343,781 to €480,749
- Taxes +€35,996
up €35,996 (+46.3%), from €77,772 to €113,768
- Financial charges +€4,881
up €4,881 (+148.4%), from €3,288 to €8,170
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 | €772,397 | €732,515 | -€39,881 | -5.2% |
| Fixed assets | 21/28 | €427,360 | €411,198 | -€16,161 | -3.8% |
| Tangible fixed assets | 22/27 | €427,360 | €411,198 | -€16,161 | -3.8% |
| Land and buildings | 22 | €426,645 | €410,985 | -€15,660 | -3.7% |
| Furniture and vehicles | 24 | €305 | €9 | -€296 | -97.1% |
| Other tangible fixed assets | 26 | €410 | €205 | -€205 | -50.0% |
| Current assets | 29/58 | €345,037 | €321,317 | -€23,720 | -6.9% |
| Amounts receivable within one year | 40/41 | €132,654 | €149,591 | +€16,937 | +12.8% |
| Trade receivables | 40 | €120,168 | €137,138 | +€16,970 | +14.1% |
| Other amounts receivable | 41 | €12,487 | €12,453 | -€33 | -0.3% |
| Current investments | 50/53 | €205,092 | €159,734 | -€45,357 | -22.1% |
| Cash at bank and in hand | 54/58 | €6,794 | €11,491 | +€4,696 | +69.1% |
| Deferred charges and accrued income | 490/1 | €497 | €501 | +€4 | +0.8% |
| Total equity and liabilities | 10/49 | €772,397 | €732,515 | -€39,881 | -5.2% |
| Equity | 10/15 | €125,352 | €19,157 | -€106,195 | -84.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €106,195 | €0 | -€106,195 | -100.0% |
| Distributable reserves | 133 | €106,195 | €0 | -€106,195 | -100.0% |
| Profit (loss) carried forward | 14 | €557 | €557 | = | 0.0% |
| Amounts payable | 17/49 | €647,045 | €713,359 | +€66,314 | +10.2% |
| Amounts payable after more than one year | 17 | €199,944 | €185,673 | -€14,270 | -7.1% |
| Financial debts | 170/4 | €199,944 | €185,673 | -€14,270 | -7.1% |
| Amounts payable within one year | 42/48 | €447,101 | €527,685 | +€80,584 | +18.0% |
| Current portion of amounts payable after more than one year | 42 | €18,069 | €16,474 | -€1,595 | -8.8% |
| Trade debts | 44 | €4,812 | €1,093 | -€3,719 | -77.3% |
| Suppliers | 440/4 | €4,812 | €1,093 | -€3,719 | -77.3% |
| Taxes, remuneration and social security | 45 | €20,674 | €59,017 | +€38,343 | +185.5% |
| Taxes | 450/3 | €20,674 | €59,017 | +€38,343 | +185.5% |
| Other amounts payable | 47/48 | €403,546 | €451,102 | +€47,556 | +11.8% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,161 | €16,161 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,173 | €3,674 | +€501 | +15.8% |
| Gross operating margin | 9900 | €343,781 | €480,749 | +€136,968 | +39.8% |
| Operating profit (loss) | 9901 | €324,448 | €460,914 | +€136,466 | +42.1% |
| Financial income | 75/76B | €752 | €4,920 | +€4,169 | +554.5% |
| Recurring financial income | 75 | €752 | €4,920 | +€4,169 | +554.5% |
| Financial charges | 65/66B | €3,288 | €8,170 | +€4,881 | +148.4% |
| Recurring financial charges | 65 | €3,288 | €8,170 | +€4,881 | +148.4% |
| Profit (loss) for the period before taxes | 9903 | €321,911 | €457,664 | +€135,753 | +42.2% |
| Income taxes | 67/77 | €77,772 | €113,768 | +€35,996 | +46.3% |
| Profit (loss) for the period | 9904 | €244,139 | €343,896 | +€99,757 | +40.9% |
| Profit (loss) for the period to be appropriated | 9905 | €244,139 | €343,896 | +€99,757 | +40.9% |
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 10 October 2026 via checked.be.