THERMYS: 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.
THERMYS
Largest movements
- Receivables within one year -€22,984
down €22,984 (-75.1%), from €30,622 to €7,639
of which Trade receivables: -€24,048
- Deferred charges and accrued income -€2,060
down €2,060 (-18.8%), from €10,949 to €8,890
- Trade debts -€11,385
down €11,385 (-74.3%), from €15,326 to €3,941
- Reserves -€5,832
down €5,832 (-11.4%), from €51,138 to €45,307
of which Distributable reserves: -€5,832
- Other debts -€4,576
down €4,576 (-24.8%), from €18,455 to €13,879
- Advances received -€4,239
down €4,239 (-75.2%), from €5,639 to €1,400
- Profit (loss) carried forward +€1,476
up €1,476 (+25.8%), from -€5,719 to -€4,243
- Gross operating margin -€8,199
down €8,199 (-36.4%), from €22,522 to €14,323
- Other operating charges +€6,088
up €6,088 (+325%), from €1,871 to €7,959
- Depreciation -€927
down €927 (-86.2%), from €1,076 to €149
- Financial charges -€731
down €731 (-19.9%), from €3,666 to €2,935
- Taxes +€282
up €282 (+11.1%), from €2,540 to €2,822
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 | €93,579 | €69,257 | -€24,322 | -26.0% |
| Fixed assets | 21/28 | €149 | - | -€149 | |
| Tangible fixed assets | 22/27 | €149 | - | -€149 | |
| Plant, machinery and equipment | 23 | €132 | - | -€132 | |
| Furniture and vehicles | 24 | €17 | - | -€17 | |
| Current assets | 29/58 | €93,430 | €69,257 | -€24,174 | -25.9% |
| Amounts receivable within one year | 40/41 | €30,622 | €7,639 | -€22,984 | -75.1% |
| Trade receivables | 40 | €29,705 | €5,657 | -€24,048 | -81.0% |
| Other amounts receivable | 41 | €918 | €1,982 | +€1,064 | +116% |
| Cash at bank and in hand | 54/58 | €51,859 | €52,728 | +€870 | +1.7% |
| Deferred charges and accrued income | 490/1 | €10,949 | €8,890 | -€2,060 | -18.8% |
| Total equity and liabilities | 10/49 | €93,579 | €69,257 | -€24,322 | -26.0% |
| Equity | 10/15 | €51,619 | €47,264 | -€4,355 | -8.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €51,138 | €45,307 | -€5,832 | -11.4% |
| Non-distributable reserves | 130/1 | €1,191 | €1,191 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,191 | €1,191 | = | 0.0% |
| Distributable reserves | 133 | €49,947 | €44,116 | -€5,832 | -11.7% |
| Profit (loss) carried forward | 14 | -€5,719 | -€4,243 | +€1,476 | +25.8% |
| Amounts payable | 17/49 | €41,960 | €21,993 | -€19,967 | -47.6% |
| Amounts payable within one year | 42/48 | €41,960 | €21,993 | -€19,967 | -47.6% |
| Trade debts | 44 | €15,326 | €3,941 | -€11,385 | -74.3% |
| Suppliers | 440/4 | €15,326 | €3,941 | -€11,385 | -74.3% |
| Advances received on contracts in progress | 46 | €5,639 | €1,400 | -€4,239 | -75.2% |
| Taxes, remuneration and social security | 45 | €2,540 | €2,773 | +€233 | +9.2% |
| Taxes | 450/3 | €2,540 | €2,773 | +€233 | +9.2% |
| Other amounts payable | 47/48 | €18,455 | €13,879 | -€4,576 | -24.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,076 | €149 | -€927 | -86.2% |
| Other operating charges | 640/8 | €1,871 | €7,959 | +€6,088 | +325% |
| Gross operating margin | 9900 | €22,522 | €14,323 | -€8,199 | -36.4% |
| Operating profit (loss) | 9901 | €19,575 | €6,215 | -€13,360 | -68.2% |
| Financial income | 75/76B | €811 | €1,019 | +€208 | +25.6% |
| Recurring financial income | 75 | €811 | €1,019 | +€208 | +25.6% |
| Financial charges | 65/66B | €3,666 | €2,935 | -€731 | -19.9% |
| Recurring financial charges | 65 | €3,666 | €2,935 | -€731 | -19.9% |
| Profit (loss) for the period before taxes | 9903 | €16,720 | €4,298 | -€12,421 | -74.3% |
| Income taxes | 67/77 | €2,540 | €2,822 | +€282 | +11.1% |
| Profit (loss) for the period | 9904 | €14,180 | €1,476 | -€12,703 | -89.6% |
| Profit (loss) for the period to be appropriated | 9905 | €14,180 | €1,476 | -€12,703 | -89.6% |
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 18 October 2026 via checked.be.