THIAME: 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.
THIAME
Largest movements
- Cash -€10,945
down €10,945 (-97.0%), from €11,288 to €343
mainly Net result for the year (-€13,629) and Trade debts (-€3,862)
- Receivables within one year -€7,983
down €7,983 (-63.8%), from €12,504 to €4,521
of which Trade receivables: -€5,542
- Tangible fixed assets +€294
up €294 (+13.7%), from €2,144 to €2,438
of which Plant, machinery and equipment: +€975
- Profit (loss) carried forward -€13,629
down €13,629 (-73.8%), from -€18,460 to -€32,088
- Trade debts -€3,862
no longer reported in 2025 (was €3,862)
- Advances received -€2,747
no longer reported in 2025 (was €2,747)
- Other debts +€1,639
new in 2025: €1,639
- Gross operating margin -€10,540
down €10,540 (-662%), from -€1,593 to -€12,133
- Financial income -€319
down €319 (-100.0%), from €319 to €0
- Depreciation -€281
down €281 (-19.9%), from €1,417 to €1,135
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 | €25,936 | €7,302 | -€18,634 | -71.8% |
| Fixed assets | 21/28 | €2,144 | €2,438 | +€294 | +13.7% |
| Tangible fixed assets | 22/27 | €2,144 | €2,438 | +€294 | +13.7% |
| Plant, machinery and equipment | 23 | €398 | €1,373 | +€975 | +245% |
| Furniture and vehicles | 24 | €1,746 | €1,065 | -€682 | -39.0% |
| Current assets | 29/58 | €23,792 | €4,864 | -€18,928 | -79.6% |
| Amounts receivable within one year | 40/41 | €12,504 | €4,521 | -€7,983 | -63.8% |
| Trade receivables | 40 | €5,542 | - | -€5,542 | |
| Other amounts receivable | 41 | €6,962 | €4,521 | -€2,441 | -35.1% |
| Cash at bank and in hand | 54/58 | €11,288 | €343 | -€10,945 | -97.0% |
| Total equity and liabilities | 10/49 | €25,936 | €7,302 | -€18,634 | -71.8% |
| Equity | 10/15 | €19,052 | €5,423 | -€13,629 | -71.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €31,312 | €31,312 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €29,452 | €29,452 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,460 | -€32,088 | -€13,629 | -73.8% |
| Amounts payable | 17/49 | €6,884 | €1,878 | -€5,005 | -72.7% |
| Amounts payable within one year | 42/48 | €6,884 | €1,878 | -€5,005 | -72.7% |
| Trade debts | 44 | €3,862 | - | -€3,862 | |
| Suppliers | 440/4 | €3,862 | - | -€3,862 | |
| Advances received on contracts in progress | 46 | €2,747 | - | -€2,747 | |
| Taxes, remuneration and social security | 45 | €275 | €240 | -€35 | -12.8% |
| Taxes | 450/3 | €275 | €240 | -€35 | -12.8% |
| Other amounts payable | 47/48 | - | €1,639 | +€1,639 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,417 | €1,135 | -€281 | -19.9% |
| Other operating charges | 640/8 | €62 | €112 | +€50 | +80.6% |
| Gross operating margin | 9900 | -€1,593 | -€12,133 | -€10,540 | -662% |
| Operating profit (loss) | 9901 | -€3,071 | -€13,380 | -€10,309 | -336% |
| Financial income | 75/76B | €319 | €0 | -€319 | -100.0% |
| Recurring financial income | 75 | €319 | €0 | -€319 | -100.0% |
| Financial charges | 65/66B | €67 | €72 | +€5 | +7.4% |
| Recurring financial charges | 65 | €67 | €72 | +€5 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,819 | -€13,453 | -€10,633 | -377% |
| Income taxes | 67/77 | €140 | €176 | +€37 | +26.2% |
| Profit (loss) for the period | 9904 | -€2,959 | -€13,629 | -€10,670 | -361% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,959 | -€13,629 | -€10,670 | -361% |
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 19 October 2026 via checked.be.