THIMAR: 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.
THIMAR
Largest movements
- Tangible fixed assets -€48,963
down €48,963 (-21.5%), from €227,459 to €178,496
of which Plant, machinery and equipment: -€47,253
- Profit (loss) carried forward -€72,648
no longer reported in 2022 (was €72,648)
- Debts after one year -€34,330
down €34,330 (-23.6%), from €145,353 to €111,023
- Reserves +€34,187
up €34,187 (+1838.0%), from €1,860 to €36,047
of which Distributable reserves: +€34,187
- Trade debts +€13,614
up €13,614 (+183.5%), from €7,419 to €21,033
- Tax, wage and social debts +€9,169
up €9,169 (+198.3%), from €4,625 to €13,793
of which Taxes: +€6,707
- Staff costs +€64,292
up €64,292 (+117.7%), from €54,622 to €118,914
- Gross operating margin +€32,624
up €32,624 (+31.2%), from €104,481 to €137,105
- Depreciation -€4,973
down €4,973 (-9.1%), from €54,800 to €49,827
From the 2021 result to the 2022 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 2021 and 2022 balance sheets and the 2022 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2021 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €287,185 | €237,472 | -€49,713 | -17.3% |
| Fixed assets | 21/28 | €227,459 | €178,496 | -€48,963 | -21.5% |
| Tangible fixed assets | 22/27 | €227,459 | €178,496 | -€48,963 | -21.5% |
| Plant, machinery and equipment | 23 | €220,147 | €172,894 | -€47,253 | -21.5% |
| Furniture and vehicles | 24 | €7,312 | €5,602 | -€1,711 | -23.4% |
| Current assets | 29/58 | €59,726 | €58,976 | -€750 | -1.3% |
| Stocks and contracts in progress | 3 | €17,527 | €18,624 | +€1,097 | +6.3% |
| Stocks | 30/36 | €17,527 | €18,624 | +€1,097 | +6.3% |
| Amounts receivable within one year | 40/41 | €771 | €834 | +€63 | +8.1% |
| Trade receivables | 40 | €771 | €834 | +€63 | +8.1% |
| Cash at bank and in hand | 54/58 | €37,662 | €38,096 | +€434 | +1.2% |
| Deferred charges and accrued income | 490/1 | €3,766 | €1,422 | -€2,344 | -62.2% |
| Total equity and liabilities | 10/49 | €287,185 | €237,472 | -€49,713 | -17.3% |
| Equity | 10/15 | €93,108 | €54,647 | -€38,461 | -41.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €36,047 | +€34,187 | +1838.0% |
| 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 | - | €34,187 | +€34,187 | |
| Profit (loss) carried forward | 14 | €72,648 | - | -€72,648 | |
| Amounts payable | 17/49 | €194,077 | €182,825 | -€11,252 | -5.8% |
| Amounts payable after more than one year | 17 | €145,353 | €111,023 | -€34,330 | -23.6% |
| Financial debts | 170/4 | €145,353 | €111,023 | -€34,330 | -23.6% |
| Amounts payable within one year | 42/48 | €48,724 | €71,802 | +€23,078 | +47.4% |
| Current portion of amounts payable after more than one year | 42 | €35,016 | €34,336 | -€680 | -1.9% |
| Trade debts | 44 | €7,419 | €21,033 | +€13,614 | +183.5% |
| Suppliers | 440/4 | €7,419 | €21,033 | +€13,614 | +183.5% |
| Taxes, remuneration and social security | 45 | €4,625 | €13,793 | +€9,169 | +198.3% |
| Taxes | 450/3 | €4,625 | €11,332 | +€6,707 | +145.0% |
| Remuneration and social security | 454/9 | - | €2,461 | +€2,461 | |
| Other amounts payable | 47/48 | €1,664 | €2,640 | +€975 | +58.6% |
| Remuneration, social security and pensions | 62 | €54,622 | €118,914 | +€64,292 | +117.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €54,800 | €49,827 | -€4,973 | -9.1% |
| Other operating charges | 640/8 | €985 | €244 | -€741 | -75.3% |
| Gross operating margin | 9900 | €104,481 | €137,105 | +€32,624 | +31.2% |
| Operating profit (loss) | 9901 | -€5,925 | -€31,880 | -€25,954 | -438.0% |
| Financial income | 75/76B | €7 | €17 | +€9 | +133.8% |
| Recurring financial income | 75 | €7 | €17 | +€9 | +133.8% |
| Financial charges | 65/66B | €5,574 | €6,241 | +€667 | +12.0% |
| Recurring financial charges | 65 | €5,574 | €6,241 | +€667 | +12.0% |
| Profit (loss) for the period before taxes | 9903 | -€11,492 | -€38,104 | -€26,612 | -231.6% |
| Income taxes | 67/77 | €355 | €357 | +€2 | +0.5% |
| Profit (loss) for the period | 9904 | -€11,847 | -€38,461 | -€26,614 | -224.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,847 | -€38,461 | -€26,614 | -224.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2021 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.