ThiMe: what changed
ThiMe
Largest movements
- Cash +€54,073
up €54,073 (+388%), from €13,953 to €68,026
mainly Net result for the year (+€53,586) and Tax, wage and social debts (+€18,840)
- Receivables within one year +€24,578
up €24,578 (+92.6%), from €26,534 to €51,111
of which Trade receivables: +€25,633
- Tangible fixed assets -€1,783
down €1,783 (-16.9%), from €10,536 to €8,753
of which Furniture and vehicles: -€1,508
- Reserves +€53,586
up €53,586 (+207%), from €25,897 to €79,483
- Tax, wage and social debts +€18,840
up €18,840 (+138%), from €13,634 to €32,474
- Trade debts +€8,367
up €8,367 (+75.7%), from €11,059 to €19,426
- Current portion of long-term debt -€3,815
down €3,815 (-48.6%), from €7,849 to €4,034
- Gross operating margin +€48,013
up €48,013 (+167%), from €28,836 to €76,848
- Taxes +€10,062
up €10,062 (+171%), from €5,895 to €15,957
- Financial charges +€2,087
up €2,087 (+102%), from €2,039 to €4,125
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €68,522 | €145,390 | +€76,868 | +112% |
| Fixed assets | 21/28 | €17,536 | €15,753 | -€1,783 | -10.2% |
| Tangible fixed assets | 22/27 | €10,536 | €8,753 | -€1,783 | -16.9% |
| Furniture and vehicles | 24 | €8,411 | €6,903 | -€1,508 | -17.9% |
| Other tangible fixed assets | 26 | €2,125 | €1,850 | -€274 | -12.9% |
| Financial fixed assets | 28 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €50,986 | €129,637 | +€78,651 | +154% |
| Amounts receivable after more than one year | 29 | €10,500 | €10,500 | = | 0.0% |
| Other amounts receivable | 291 | €10,500 | €10,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,534 | €51,111 | +€24,578 | +92.6% |
| Trade receivables | 40 | €22,869 | €48,502 | +€25,633 | +112% |
| Other amounts receivable | 41 | €3,665 | €2,610 | -€1,055 | -28.8% |
| Cash at bank and in hand | 54/58 | €13,953 | €68,026 | +€54,073 | +388% |
| Total equity and liabilities | 10/49 | €68,522 | €145,390 | +€76,868 | +112% |
| Equity | 10/15 | €28,897 | €82,483 | +€53,586 | +185% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €25,897 | €79,483 | +€53,586 | +207% |
| Distributable reserves | 133 | €25,897 | €79,483 | +€53,586 | +207% |
| Amounts payable | 17/49 | €39,625 | €62,907 | +€23,282 | +58.8% |
| Amounts payable after more than one year | 17 | €7,083 | €6,974 | -€109 | -1.5% |
| Financial debts | 170/4 | €7,083 | €6,974 | -€109 | -1.5% |
| Amounts payable within one year | 42/48 | €32,541 | €55,933 | +€23,392 | +71.9% |
| Current portion of amounts payable after more than one year | 42 | €7,849 | €4,034 | -€3,815 | -48.6% |
| Trade debts | 44 | €11,059 | €19,426 | +€8,367 | +75.7% |
| Suppliers | 440/4 | €11,059 | €19,426 | +€8,367 | +75.7% |
| Taxes, remuneration and social security | 45 | €13,634 | €32,474 | +€18,840 | +138% |
| Taxes | 450/3 | €13,634 | €32,474 | +€18,840 | +138% |
| Non-recurring operating income | 76A | €15,385 | - | -€15,385 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,026 | €1,783 | -€244 | -12.0% |
| Other operating charges | 640/8 | €822 | €1,398 | +€576 | +70.0% |
| Gross operating margin | 9900 | €28,836 | €76,848 | +€48,013 | +167% |
| Operating profit (loss) | 9901 | €25,987 | €73,668 | +€47,681 | +183% |
| Financial income | 75/76B | €0 | €0 | +€0 | +2,200% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +2,200% |
| Financial charges | 65/66B | €2,039 | €4,125 | +€2,087 | +102% |
| Recurring financial charges | 65 | €2,039 | €4,125 | +€2,087 | +102% |
| Profit (loss) for the period before taxes | 9903 | €23,948 | €69,543 | +€45,594 | +190% |
| Income taxes | 67/77 | €5,895 | €15,957 | +€10,062 | +171% |
| Profit (loss) for the period | 9904 | €18,054 | €53,586 | +€35,532 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €18,054 | €53,586 | +€35,532 | +197% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.