THERIMO: what changed
Two fiscal 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.
THERIMO
Largest movements
- Receivables within one year +€68,106
up €68,106 (+43.9%), from €154,979 to €223,085
- Tangible fixed assets +€64,843
up €64,843 (+2.2%), from €2.9m to €3.0m
- Debts after one year +€2.5m
new in 2025: €2.5m
- Other debts -€2.2m
down €2.2m (-100.0%), from €2.2m to €0
- Accrued charges and deferred income -€105,619
down €105,619 (-98.1%), from €107,613 to €1,994
- Profit (loss) carried forward -€75,746
down €75,746 (-17.4%), from -€435,609 to -€511,355
- Financial charges +€16,435
up €16,435 (+38.3%), from €42,950 to €59,385
- Depreciation +€4,830
up €4,830 (+5.0%), from €95,751 to €100,581
- Gross operating margin +€3,129
up €3,129 (+3.3%), from €95,892 to €99,021
- Other operating charges -€2,498
down €2,498 (-9.6%), from €25,957 to €23,460
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 | €3,076,993 | €3,207,420 | +€130,427 | +4.2% |
| Fixed assets | 21/28 | €2,886,216 | €2,951,059 | +€64,843 | +2.2% |
| Tangible fixed assets | 22/27 | €2,886,216 | €2,951,059 | +€64,843 | +2.2% |
| Land and buildings | 22 | €2,886,216 | €2,951,059 | +€64,843 | +2.2% |
| Current assets | 29/58 | €190,778 | €256,361 | +€65,583 | +34.4% |
| Amounts receivable within one year | 40/41 | €154,979 | €223,085 | +€68,106 | +43.9% |
| Other amounts receivable | 41 | €154,979 | €223,085 | +€68,106 | +43.9% |
| Cash at bank and in hand | 54/58 | €22,705 | €25,596 | +€2,891 | +12.7% |
| Deferred charges and accrued income | 490/1 | €13,094 | €7,680 | -€5,415 | -41.4% |
| Total equity and liabilities | 10/49 | €3,076,993 | €3,207,420 | +€130,427 | +4.2% |
| Equity | 10/15 | €765,855 | €690,109 | -€75,746 | -9.9% |
| Contributions | 10/11 | €1,173,400 | €1,173,400 | = | 0.0% |
| Capital | 10 | €1,173,400 | €1,173,400 | = | 0.0% |
| Issued capital | 100 | €1,173,400 | €1,173,400 | = | 0.0% |
| Reserves | 13 | €28,064 | €28,064 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,706 | €2,706 | = | 0.0% |
| Legal reserve | 130 | €2,706 | €2,706 | = | 0.0% |
| Distributable reserves | 133 | €25,357 | €25,357 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€435,609 | -€511,355 | -€75,746 | -17.4% |
| Amounts payable | 17/49 | €2,311,138 | €2,517,311 | +€206,173 | +8.9% |
| Amounts payable after more than one year | 17 | - | €2,515,317 | +€2.5m | |
| Financial debts | 170/4 | - | €2,515,317 | +€2.5m | |
| Amounts payable within one year | 42/48 | €2,203,526 | €0 | -€2.2m | -100.0% |
| Trade debts | 44 | €3,526 | €0 | -€3,526 | -100.0% |
| Suppliers | 440/4 | €3,526 | €0 | -€3,526 | -100.0% |
| Other amounts payable | 47/48 | €2,200,000 | €0 | -€2.2m | -100.0% |
| Accrued charges and deferred income | 492/3 | €107,613 | €1,994 | -€105,619 | -98.1% |
| Non-recurring operating income | 76A | €28,058 | €0 | -€28,058 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,751 | €100,581 | +€4,830 | +5.0% |
| Other operating charges | 640/8 | €25,957 | €23,460 | -€2,498 | -9.6% |
| Gross operating margin | 9900 | €95,892 | €99,021 | +€3,129 | +3.3% |
| Operating profit (loss) | 9901 | -€25,816 | -€25,020 | +€797 | +3.1% |
| Financial income | 75/76B | €8,055 | €8,658 | +€603 | +7.5% |
| Recurring financial income | 75 | €8,055 | €8,658 | +€603 | +7.5% |
| Financial charges | 65/66B | €42,950 | €59,385 | +€16,435 | +38.3% |
| Recurring financial charges | 65 | €42,950 | €59,385 | +€16,435 | +38.3% |
| Profit (loss) for the period before taxes | 9903 | -€60,711 | -€75,746 | -€15,035 | -24.8% |
| Profit (loss) for the period | 9904 | -€60,711 | -€75,746 | -€15,035 | -24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,711 | -€75,746 | -€15,035 | -24.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.