THERMA PRO: 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.
THERMA PRO
Largest movements
- Cash -€23,176
down €23,176 (-62.4%), from €37,131 to €13,954
mainly Contributions, distributions and other (-€34,424) and Trade debts (-€4,358)
- Receivables within one year -€12,809
down €12,809 (-46.8%), from €27,367 to €14,558
of which Trade receivables: -€7,923
- Tangible fixed assets -€900
no longer reported in 2023 (was €900)
- Reserves -€37,619
down €37,619 (-92.2%), from €40,815 to €3,196
- Contributions +€4,400
up €4,400 (+31.0%), from €14,200 to €18,600
- Trade debts -€4,358
down €4,358 (-90.6%), from €4,810 to €452
- Tax, wage and social debts +€2,140
up €2,140 (+48.5%), from €4,414 to €6,554
of which Remuneration and social security: +€1,800
- Accrued charges and deferred income -€1,800
no longer reported in 2023 (was €1,800)
- Gross operating margin -€12,192
down €12,192 (-81.5%), from €14,959 to €2,767
- Taxes -€2,550
down €2,550 (-87.6%), from €2,911 to €361
- Depreciation -€1,650
down €1,650 (-64.7%), from €2,550 to €900
- Other operating charges -€1,400
down €1,400 (-65.1%), from €2,152 to €752
- Financial income -€186
down €186 (-22.8%), from €815 to €629
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €66,039 | €28,802 | -€37,237 | -56.4% |
| Fixed assets | 21/28 | €1,190 | €290 | -€900 | -75.6% |
| Tangible fixed assets | 22/27 | €900 | - | -€900 | |
| Furniture and vehicles | 24 | €900 | - | -€900 | |
| Financial fixed assets | 28 | €290 | €290 | = | 0.0% |
| Current assets | 29/58 | €64,849 | €28,512 | -€36,337 | -56.0% |
| Amounts receivable within one year | 40/41 | €27,367 | €14,558 | -€12,809 | -46.8% |
| Trade receivables | 40 | €7,923 | - | -€7,923 | |
| Other amounts receivable | 41 | €19,444 | €14,558 | -€4,886 | -25.1% |
| Cash at bank and in hand | 54/58 | €37,131 | €13,954 | -€23,176 | -62.4% |
| Deferred charges and accrued income | 490/1 | €351 | - | -€351 | |
| Total equity and liabilities | 10/49 | €66,039 | €28,802 | -€37,237 | -56.4% |
| Equity | 10/15 | €55,015 | €21,796 | -€33,219 | -60.4% |
| Contributions | 10/11 | €14,200 | €18,600 | +€4,400 | +31.0% |
| Reserves | 13 | €40,815 | €3,196 | -€37,619 | -92.2% |
| Distributable reserves | 133 | €40,815 | €3,196 | -€37,619 | -92.2% |
| Amounts payable | 17/49 | €11,025 | €7,007 | -€4,018 | -36.4% |
| Amounts payable within one year | 42/48 | €9,225 | €7,007 | -€2,218 | -24.0% |
| Trade debts | 44 | €4,810 | €452 | -€4,358 | -90.6% |
| Suppliers | 440/4 | €4,810 | €452 | -€4,358 | -90.6% |
| Taxes, remuneration and social security | 45 | €4,414 | €6,554 | +€2,140 | +48.5% |
| Taxes | 450/3 | €4,414 | €4,754 | +€340 | +7.7% |
| Remuneration and social security | 454/9 | - | €1,800 | +€1,800 | |
| Accrued charges and deferred income | 492/3 | €1,800 | - | -€1,800 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,550 | €900 | -€1,650 | -64.7% |
| Other operating charges | 640/8 | €2,152 | €752 | -€1,400 | -65.1% |
| Gross operating margin | 9900 | €14,959 | €2,767 | -€12,192 | -81.5% |
| Operating profit (loss) | 9901 | €10,257 | €1,115 | -€9,142 | -89.1% |
| Financial income | 75/76B | €815 | €629 | -€186 | -22.8% |
| Recurring financial income | 75 | €815 | €629 | -€186 | -22.8% |
| Financial charges | 65/66B | €214 | €178 | -€36 | -16.8% |
| Recurring financial charges | 65 | €214 | €178 | -€36 | -16.8% |
| Profit (loss) for the period before taxes | 9903 | €10,858 | €1,566 | -€9,292 | -85.6% |
| Income taxes | 67/77 | €2,911 | €361 | -€2,550 | -87.6% |
| Profit (loss) for the period | 9904 | €7,947 | €1,205 | -€6,742 | -84.8% |
| Profit (loss) for the period to be appropriated | 9905 | €7,947 | €1,205 | -€6,742 | -84.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.