CV THEBO: 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.
CV THEBO
Largest movements
- Tangible fixed assets +€18,784
up €18,784 (+476%), from €3,943 to €22,727
of which Furniture and vehicles: +€19,154
- Receivables within one year -€11,353
down €11,353 (-74.6%), from €15,220 to €3,867
of which Other amounts receivable: -€11,003
- Cash -€6,282
down €6,282 (-75.1%), from €8,361 to €2,080
mainly Investment in fixed assets (net) (-€22,171) and Net result for the year (-€3,804)
- Other debts +€5,692
new in 2025: €5,692
- Profit (loss) carried forward -€3,804
down €3,804 (-79.1%), from €4,806 to €1,003
- Trade debts -€572
no longer reported in 2025 (was €572)
- Gross operating margin -€7,365
down €7,365 (-79.5%), from €9,261 to €1,896
- Other operating charges +€630
up €630 (+50.8%), from €1,240 to €1,870
- Depreciation +€353
up €353 (+11.6%), from €3,034 to €3,387
- Taxes +€173
up €173 (+131%), from €132 to €306
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 | €27,536 | €28,685 | +€1,149 | +4.2% |
| Fixed assets | 21/28 | €3,955 | €22,739 | +€18,784 | +475% |
| Tangible fixed assets | 22/27 | €3,943 | €22,727 | +€18,784 | +476% |
| Plant, machinery and equipment | 23 | €1,282 | €911 | -€371 | -28.9% |
| Furniture and vehicles | 24 | €2,661 | €21,816 | +€19,154 | +720% |
| Financial fixed assets | 28 | €12 | €12 | = | 0.0% |
| Current assets | 29/58 | €23,581 | €5,946 | -€17,635 | -74.8% |
| Amounts receivable within one year | 40/41 | €15,220 | €3,867 | -€11,353 | -74.6% |
| Trade receivables | 40 | €4,217 | €3,867 | -€350 | -8.3% |
| Other amounts receivable | 41 | €11,003 | - | -€11,003 | |
| Cash at bank and in hand | 54/58 | €8,361 | €2,080 | -€6,282 | -75.1% |
| Total equity and liabilities | 10/49 | €27,536 | €28,685 | +€1,149 | +4.2% |
| Equity | 10/15 | €25,257 | €21,454 | -€3,804 | -15.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,806 | €1,003 | -€3,804 | -79.1% |
| Amounts payable | 17/49 | €2,279 | €7,232 | +€4,953 | +217% |
| Amounts payable within one year | 42/48 | €2,279 | €7,232 | +€4,953 | +217% |
| Trade debts | 44 | €572 | - | -€572 | |
| Suppliers | 440/4 | €572 | - | -€572 | |
| Taxes, remuneration and social security | 45 | €1,707 | €1,540 | -€167 | -9.8% |
| Taxes | 450/3 | €1,707 | €1,540 | -€167 | -9.8% |
| Other amounts payable | 47/48 | - | €5,692 | +€5,692 | |
| Non-recurring operating income | 76A | - | €118 | +€118 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,034 | €3,387 | +€353 | +11.6% |
| Other operating charges | 640/8 | €1,240 | €1,870 | +€630 | +50.8% |
| Gross operating margin | 9900 | €9,261 | €1,896 | -€7,365 | -79.5% |
| Operating profit (loss) | 9901 | €4,987 | -€3,361 | -€8,348 | |
| Financial charges | 65/66B | €137 | €137 | +€0 | 0.0% |
| Recurring financial charges | 65 | €137 | €137 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €4,850 | -€3,498 | -€8,348 | |
| Income taxes | 67/77 | €132 | €306 | +€173 | +131% |
| Profit (loss) for the period | 9904 | €4,718 | -€3,804 | -€8,521 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,718 | -€3,804 | -€8,521 |
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 17 October 2026 via checked.be.