THIAMY: 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.
THIAMY
Largest movements
- Current investments +€80,000
up €80,000 (+66.7%), from €120,000 to €200,000
- Cash +€16,312
up €16,312 (+37.6%), from €43,395 to €59,708
mainly Net result for the year (+€78,799) and Receivables within one year (+€8,638)
- Receivables within one year -€8,638
down €8,638 (-61.6%), from €14,025 to €5,388
of which Trade receivables: -€13,337
- Tangible fixed assets -€8,055
down €8,055 (-42.7%), from €18,858 to €10,803
- Reserves +€78,750
up €78,750 (+53.5%), from €147,250 to €226,000
- Financial income +€1,499
up €1,499 (+62.3%), from €2,407 to €3,906
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 | €199,244 | €278,583 | +€79,338 | +39.8% |
| Fixed assets | 21/28 | €18,858 | €10,803 | -€8,055 | -42.7% |
| Tangible fixed assets | 22/27 | €18,858 | €10,803 | -€8,055 | -42.7% |
| Furniture and vehicles | 24 | €18,858 | €10,803 | -€8,055 | -42.7% |
| Current assets | 29/58 | €180,387 | €267,780 | +€87,393 | +48.4% |
| Amounts receivable within one year | 40/41 | €14,025 | €5,388 | -€8,638 | -61.6% |
| Trade receivables | 40 | €13,337 | - | -€13,337 | |
| Other amounts receivable | 41 | €689 | €5,388 | +€4,699 | +682.3% |
| Current investments | 50/53 | €120,000 | €200,000 | +€80,000 | +66.7% |
| Cash at bank and in hand | 54/58 | €43,395 | €59,708 | +€16,312 | +37.6% |
| Deferred charges and accrued income | 490/1 | €2,966 | €2,684 | -€281 | -9.5% |
| Total equity and liabilities | 10/49 | €199,244 | €278,583 | +€79,338 | +39.8% |
| Equity | 10/15 | €194,734 | €273,533 | +€78,799 | +40.5% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €147,250 | €226,000 | +€78,750 | +53.5% |
| Distributable reserves | 133 | €147,250 | €226,000 | +€78,750 | +53.5% |
| Profit (loss) carried forward | 14 | €39,984 | €40,033 | +€49 | +0.1% |
| Amounts payable | 17/49 | €4,510 | €5,049 | +€539 | +12.0% |
| Amounts payable within one year | 42/48 | €4,136 | €4,601 | +€465 | +11.2% |
| Trade debts | 44 | €58 | €58 | +€1 | +1.3% |
| Suppliers | 440/4 | €58 | €58 | +€1 | +1.3% |
| Taxes, remuneration and social security | 45 | €3,702 | €3,412 | -€289 | -7.8% |
| Taxes | 450/3 | €3,702 | €3,412 | -€289 | -7.8% |
| Other amounts payable | 47/48 | €377 | €1,130 | +€754 | +200.0% |
| Accrued charges and deferred income | 492/3 | €374 | €448 | +€74 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,658 | €8,055 | -€604 | -7.0% |
| Other operating charges | 640/8 | €81 | €480 | +€400 | +495.7% |
| Gross operating margin | 9900 | €113,713 | €114,263 | +€550 | +0.5% |
| Operating profit (loss) | 9901 | €104,974 | €105,728 | +€754 | +0.7% |
| Financial income | 75/76B | €2,407 | €3,906 | +€1,499 | +62.3% |
| Recurring financial income | 75 | €2,407 | €3,906 | +€1,499 | +62.3% |
| Financial charges | 65/66B | €50 | €50 | +€1 | +1.3% |
| Recurring financial charges | 65 | €50 | €50 | +€1 | +1.3% |
| Profit (loss) for the period before taxes | 9903 | €107,331 | €109,583 | +€2,252 | +2.1% |
| Income taxes | 67/77 | €30,033 | €30,784 | +€751 | +2.5% |
| Profit (loss) for the period | 9904 | €77,298 | €78,799 | +€1,501 | +1.9% |
| Profit (loss) for the period to be appropriated | 9905 | €77,298 | €78,799 | +€1,501 | +1.9% |
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 5 October 2026 via checked.be.