THERIK: 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.
THERIK
Largest movements
- Cash +€35,288
up €35,288 (+29.1%), from €121,300 to €156,588
mainly Net result for the year (+€25,140) and Depreciation (+€10,068)
- Tangible fixed assets -€9,008
down €9,008 (-11.2%), from €80,298 to €71,289
of which Land and buildings: -€7,004
- Reserves +€25,140
up €25,140 (+23.6%), from €106,708 to €131,848
of which Distributable reserves: +€25,819
- Other debts -€3,457
down €3,457 (-5.8%), from €59,903 to €56,446
- Tax, wage and social debts +€3,169
up €3,169 (+4485.3%), from €71 to €3,240
of which Taxes: +€2,969
- Gross operating margin +€2,686
up €2,686 (+6.2%), from €43,306 to €45,992
- Taxes +€2,295
up €2,295 (+29.6%), from €7,744 to €10,040
- Other operating charges -€643
down €643 (-47.9%), from €1,342 to €700
- Depreciation +€500
up €500 (+5.2%), from €9,568 to €10,068
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 | €211,106 | €236,009 | +€24,903 | +11.8% |
| Fixed assets | 21/28 | €80,298 | €71,289 | -€9,008 | -11.2% |
| Tangible fixed assets | 22/27 | €80,298 | €71,289 | -€9,008 | -11.2% |
| Land and buildings | 22 | €74,537 | €67,533 | -€7,004 | -9.4% |
| Plant, machinery and equipment | 23 | - | €884 | +€884 | |
| Furniture and vehicles | 24 | €5,761 | €2,872 | -€2,889 | -50.1% |
| Current assets | 29/58 | €130,808 | €164,720 | +€33,912 | +25.9% |
| Stocks and contracts in progress | 3 | €510 | €612 | +€102 | +20.0% |
| Stocks | 30/36 | €510 | €612 | +€102 | +20.0% |
| Amounts receivable within one year | 40/41 | €6,802 | €4,922 | -€1,879 | -27.6% |
| Trade receivables | 40 | €6,546 | €4,922 | -€1,624 | -24.8% |
| Other amounts receivable | 41 | €256 | - | -€256 | |
| Cash at bank and in hand | 54/58 | €121,300 | €156,588 | +€35,288 | +29.1% |
| Deferred charges and accrued income | 490/1 | €2,196 | €2,597 | +€401 | +18.3% |
| Total equity and liabilities | 10/49 | €211,106 | €236,009 | +€24,903 | +11.8% |
| Equity | 10/15 | €149,427 | €174,567 | +€25,140 | +16.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €106,708 | €131,848 | +€25,140 | +23.6% |
| Tax-exempt reserves | 132 | €3,388 | €2,709 | -€680 | -20.1% |
| Distributable reserves | 133 | €103,320 | €129,139 | +€25,819 | +25.0% |
| Profit (loss) carried forward | 14 | €36,519 | €36,519 | = | 0.0% |
| Provisions and deferred taxes | 16 | €1,129 | €903 | -€227 | -20.1% |
| Deferred taxes | 168 | €1,129 | €903 | -€227 | -20.1% |
| Amounts payable | 17/49 | €60,549 | €60,539 | -€10 | 0.0% |
| Amounts payable within one year | 42/48 | €60,169 | €60,144 | -€25 | 0.0% |
| Trade debts | 44 | €196 | €459 | +€263 | +134.2% |
| Suppliers | 440/4 | €196 | €459 | +€263 | +134.2% |
| Taxes, remuneration and social security | 45 | €71 | €3,240 | +€3,169 | +4485.3% |
| Taxes | 450/3 | €71 | €3,040 | +€2,969 | +4202.2% |
| Remuneration and social security | 454/9 | - | €200 | +€200 | |
| Other amounts payable | 47/48 | €59,903 | €56,446 | -€3,457 | -5.8% |
| Accrued charges and deferred income | 492/3 | €379 | €395 | +€15 | +4.1% |
| Non-recurring operating income | 76A | €7,292 | - | -€7,292 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,568 | €10,068 | +€500 | +5.2% |
| Other operating charges | 640/8 | €1,342 | €700 | -€643 | -47.9% |
| Gross operating margin | 9900 | €43,306 | €45,992 | +€2,686 | +6.2% |
| Operating profit (loss) | 9901 | €32,396 | €35,225 | +€2,829 | +8.7% |
| Financial income | 75/76B | €2 | €2 | +€1 | +27.1% |
| Recurring financial income | 75 | €2 | €2 | +€1 | +27.1% |
| Financial charges | 65/66B | €319 | €275 | -€44 | -13.7% |
| Recurring financial charges | 65 | €319 | €275 | -€44 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €32,079 | €34,953 | +€2,874 | +9.0% |
| Transfer from deferred taxes | 780 | €147 | €227 | +€80 | +54.5% |
| Transfer to deferred taxes | 680 | €1,276 | - | -€1,276 | |
| Income taxes | 67/77 | €7,744 | €10,040 | +€2,295 | +29.6% |
| Profit (loss) for the period | 9904 | €23,205 | €25,140 | +€1,934 | +8.3% |
| Transfer from tax-exempt reserves | 789 | €440 | €680 | +€240 | +54.5% |
| Transfer to tax-exempt reserves | 689 | €3,828 | - | -€3,828 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,817 | €25,819 | +€6,002 | +30.3% |
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.