THERAPIECENTRUM: 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.
THERAPIECENTRUM
Largest movements
- Receivables within one year +€38,492
up €38,492 (+112%), from €34,274 to €72,766
- Tangible fixed assets -€9,469
down €9,469 (-68.1%), from €13,901 to €4,432
of which Furniture and vehicles: -€6,159
- Cash +€5,687
up €5,687 (+35.6%), from €15,987 to €21,674
mainly Net result for the year (+€29,917) and Tax, wage and social debts (+€15,428)
- Deferred charges and accrued income -€2,443
down €2,443 (-85.2%), from €2,868 to €426
- Reserves +€29,000
up €29,000 (+195%), from €14,900 to €43,900
- Tax, wage and social debts +€15,428
up €15,428 (+178%), from €8,678 to €24,107
- Accrued charges and deferred income -€10,205
no longer reported in 2025 (was €10,205)
- Trade debts -€2,873
down €2,873 (-85.2%), from €3,372 to €499
- Gross operating margin +€27,060
up €27,060 (+99.6%), from €27,176 to €54,236
- Taxes +€9,353
up €9,353 (+129%), from €7,257 to €16,610
- Depreciation -€1,377
down €1,377 (-12.7%), from €10,845 to €9,469
- Financial income +€995
up €995 (+52.2%), from €1,905 to €2,900
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 | €67,031 | €99,298 | +€32,267 | +48.1% |
| Fixed assets | 21/28 | €13,901 | €4,432 | -€9,469 | -68.1% |
| Tangible fixed assets | 22/27 | €13,901 | €4,432 | -€9,469 | -68.1% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €7,553 | €4,244 | -€3,310 | -43.8% |
| Furniture and vehicles | 24 | €6,348 | €189 | -€6,159 | -97.0% |
| Current assets | 29/58 | €53,129 | €94,865 | +€41,736 | +78.6% |
| Amounts receivable within one year | 40/41 | €34,274 | €72,766 | +€38,492 | +112% |
| Other amounts receivable | 41 | €34,274 | €72,766 | +€38,492 | +112% |
| Cash at bank and in hand | 54/58 | €15,987 | €21,674 | +€5,687 | +35.6% |
| Deferred charges and accrued income | 490/1 | €2,868 | €426 | -€2,443 | -85.2% |
| Total equity and liabilities | 10/49 | €67,031 | €99,298 | +€32,267 | +48.1% |
| Equity | 10/15 | €44,776 | €74,693 | +€29,917 | +66.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €14,900 | €43,900 | +€29,000 | +195% |
| Distributable reserves | 133 | €14,900 | €43,900 | +€29,000 | +195% |
| Profit (loss) carried forward | 14 | €11,276 | €12,193 | +€917 | +8.1% |
| Amounts payable | 17/49 | €22,255 | €24,605 | +€2,351 | +10.6% |
| Amounts payable within one year | 42/48 | €12,050 | €24,605 | +€12,555 | +104% |
| Trade debts | 44 | €3,372 | €499 | -€2,873 | -85.2% |
| Suppliers | 440/4 | €3,372 | €499 | -€2,873 | -85.2% |
| Taxes, remuneration and social security | 45 | €8,678 | €24,107 | +€15,428 | +178% |
| Taxes | 450/3 | €8,678 | €24,107 | +€15,428 | +178% |
| Accrued charges and deferred income | 492/3 | €10,205 | - | -€10,205 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,845 | €9,469 | -€1,377 | -12.7% |
| Other operating charges | 640/8 | €358 | €816 | +€458 | +128% |
| Gross operating margin | 9900 | €27,176 | €54,236 | +€27,060 | +99.6% |
| Operating profit (loss) | 9901 | €15,973 | €43,951 | +€27,978 | +175% |
| Financial income | 75/76B | €1,905 | €2,900 | +€995 | +52.2% |
| Recurring financial income | 75 | €1,905 | €2,900 | +€995 | +52.2% |
| Financial charges | 65/66B | €363 | €325 | -€38 | -10.6% |
| Recurring financial charges | 65 | €363 | €325 | -€38 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €17,515 | €46,527 | +€29,012 | +166% |
| Income taxes | 67/77 | €7,257 | €16,610 | +€9,353 | +129% |
| Profit (loss) for the period | 9904 | €10,258 | €29,917 | +€19,659 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €10,258 | €29,917 | +€19,659 | +192% |
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 17 October 2026 via checked.be.