ICT Theuwis: 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.
ICT Theuwis
Largest movements
- Cash -€155,700
down €155,700 (-37.4%), from €416,683 to €260,983
mainly Contributions, distributions and other (-€218,085) and Other debts (-€81,660)
- Tangible fixed assets -€11,695
down €11,695 (-22.3%), from €52,402 to €40,707
- Reserves -€94,140
down €94,140 (-24.5%), from €384,150 to €290,010
of which Distributable reserves: -€94,140
- Other debts -€81,660
down €81,660 (-96.9%), from €84,309 to €2,649
- Gross operating margin +€77,287
up €77,287 (+70.4%), from €109,762 to €187,049
- Taxes +€32,415
up €32,415 (+167%), from €19,390 to €51,805
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 | €499,617 | €326,584 | -€173,033 | -34.6% |
| Fixed assets | 21/28 | €52,402 | €40,707 | -€11,695 | -22.3% |
| Tangible fixed assets | 22/27 | €52,402 | €40,707 | -€11,695 | -22.3% |
| Furniture and vehicles | 24 | €52,402 | €40,707 | -€11,695 | -22.3% |
| Current assets | 29/58 | €447,215 | €285,877 | -€161,338 | -36.1% |
| Amounts receivable within one year | 40/41 | €24,340 | €21,161 | -€3,180 | -13.1% |
| Other amounts receivable | 41 | €24,340 | €21,161 | -€3,180 | -13.1% |
| Cash at bank and in hand | 54/58 | €416,683 | €260,983 | -€155,700 | -37.4% |
| Deferred charges and accrued income | 490/1 | €6,192 | €3,733 | -€2,459 | -39.7% |
| Total equity and liabilities | 10/49 | €499,617 | €326,584 | -€173,033 | -34.6% |
| Equity | 10/15 | €410,998 | €316,858 | -€94,140 | -22.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €384,150 | €290,010 | -€94,140 | -24.5% |
| Tax-exempt reserves | 132 | €20,134 | €20,134 | = | 0.0% |
| Distributable reserves | 133 | €364,017 | €269,877 | -€94,140 | -25.9% |
| Profit (loss) carried forward | 14 | €1,848 | €1,848 | = | 0.0% |
| Amounts payable | 17/49 | €88,619 | €9,726 | -€78,893 | -89.0% |
| Amounts payable within one year | 42/48 | €88,619 | €9,326 | -€79,293 | -89.5% |
| Trade debts | 44 | €4,050 | €4,277 | +€226 | +5.6% |
| Suppliers | 440/4 | €4,050 | €4,277 | +€226 | +5.6% |
| Taxes, remuneration and social security | 45 | €259 | €2,400 | +€2,141 | +825% |
| Taxes | 450/3 | €259 | €2,400 | +€2,141 | +825% |
| Other amounts payable | 47/48 | €84,309 | €2,649 | -€81,660 | -96.9% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,896 | €13,488 | +€1,592 | +13.4% |
| Other operating charges | 640/8 | €920 | €547 | -€373 | -40.6% |
| Gross operating margin | 9900 | €109,762 | €187,049 | +€77,287 | +70.4% |
| Operating profit (loss) | 9901 | €96,945 | €173,014 | +€76,069 | +78.5% |
| Financial income | 75/76B | €3,631 | €2,909 | -€723 | -19.9% |
| Recurring financial income | 75 | €3,631 | €2,909 | -€723 | -19.9% |
| Financial charges | 65/66B | €271 | €173 | -€98 | -36.1% |
| Recurring financial charges | 65 | €271 | €173 | -€98 | -36.1% |
| Profit (loss) for the period before taxes | 9903 | €100,306 | €175,750 | +€75,444 | +75.2% |
| Income taxes | 67/77 | €19,390 | €51,805 | +€32,415 | +167% |
| Profit (loss) for the period | 9904 | €80,916 | €123,945 | +€43,029 | +53.2% |
| Profit (loss) for the period to be appropriated | 9905 | €80,916 | €123,945 | +€43,029 | +53.2% |
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 30 October 2026 via checked.be.