Kantoor Theeus: 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.
Kantoor Theeus
Largest movements
- Intangible fixed assets -€304,178
down €304,178 (-15.8%), from €1.9m to €1.6m
- Cash +€270,188
up €270,188 (+510%), from €52,958 to €323,146
mainly Depreciation (+€393,148) and Net result for the year (+€251,747)
- Tangible fixed assets +€81,356
up €81,356 (+33.7%), from €241,586 to €322,942
of which Furniture and vehicles: +€104,026
- Receivables within one year -€45,939
down €45,939 (-47.5%), from €96,739 to €50,800
- Profit (loss) carried forward +€258,936
up €258,936 (+31.0%), from €834,136 to €1.1m
- Debts after one year -€220,318
down €220,318 (-13.3%), from €1.7m to €1.4m
- Tax, wage and social debts -€59,337
down €59,337 (-49.7%), from €119,449 to €60,112
of which Taxes: -€61,483
- Trade debts +€51,007
up €51,007 (+139%), from €36,607 to €87,614
- Other debts -€40,668
down €40,668 (-90.5%), from €44,913 to €4,245
- Gross operating margin -€61,107
down €61,107 (-4.7%), from €1.3m to €1.2m
- Staff costs +€55,429
up €55,429 (+14.7%), from €376,811 to €432,241
- Taxes -€35,769
down €35,769 (-26.6%), from €134,433 to €98,663
- Depreciation +€17,597
up €17,597 (+4.7%), from €375,551 to €393,148
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 | €3,056,345 | €3,058,413 | +€2,067 | +0.1% |
| Fixed assets | 21/28 | €2,173,689 | €1,950,867 | -€222,822 | -10.3% |
| Intangible fixed assets | 21 | €1,928,894 | €1,624,716 | -€304,178 | -15.8% |
| Tangible fixed assets | 22/27 | €241,586 | €322,942 | +€81,356 | +33.7% |
| Land and buildings | 22 | €96,133 | €96,610 | +€477 | +0.5% |
| Plant, machinery and equipment | 23 | €23,344 | €16,761 | -€6,583 | -28.2% |
| Furniture and vehicles | 24 | €100,030 | €204,056 | +€104,026 | +104% |
| Other tangible fixed assets | 26 | €22,079 | €5,515 | -€16,564 | -75.0% |
| Financial fixed assets | 28 | €3,209 | €3,209 | = | 0.0% |
| Current assets | 29/58 | €882,657 | €1,107,546 | +€224,889 | +25.5% |
| Amounts receivable after more than one year | 29 | €720,000 | €720,000 | = | 0.0% |
| Other amounts receivable | 291 | €720,000 | €720,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €96,739 | €50,800 | -€45,939 | -47.5% |
| Other amounts receivable | 41 | €96,739 | €50,800 | -€45,939 | -47.5% |
| Current investments | 50/53 | €10,900 | €10,900 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €52,958 | €323,146 | +€270,188 | +510% |
| Deferred charges and accrued income | 490/1 | €2,060 | €2,700 | +€640 | +31.0% |
| Total equity and liabilities | 10/49 | €3,056,345 | €3,058,413 | +€2,067 | +0.1% |
| Equity | 10/15 | €887,642 | €1,139,389 | +€251,747 | +28.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €34,956 | €27,767 | -€7,189 | -20.6% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €28,756 | €21,567 | -€7,189 | -25.0% |
| Profit (loss) carried forward | 14 | €834,136 | €1,093,072 | +€258,936 | +31.0% |
| Provisions and deferred taxes | 16 | €7,189 | €5,392 | -€1,797 | -25.0% |
| Deferred taxes | 168 | €7,189 | €5,392 | -€1,797 | -25.0% |
| Amounts payable | 17/49 | €2,161,515 | €1,913,632 | -€247,883 | -11.5% |
| Amounts payable after more than one year | 17 | €1,657,419 | €1,437,101 | -€220,318 | -13.3% |
| Financial debts | 170/4 | €1,657,419 | €1,437,101 | -€220,318 | -13.3% |
| Amounts payable within one year | 42/48 | €504,096 | €476,531 | -€27,565 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €303,127 | €324,560 | +€21,433 | +7.1% |
| Trade debts | 44 | €36,607 | €87,614 | +€51,007 | +139% |
| Suppliers | 440/4 | €36,607 | €87,614 | +€51,007 | +139% |
| Taxes, remuneration and social security | 45 | €119,449 | €60,112 | -€59,337 | -49.7% |
| Taxes | 450/3 | €75,147 | €13,663 | -€61,483 | -81.8% |
| Remuneration and social security | 454/9 | €44,302 | €46,449 | +€2,147 | +4.8% |
| Other amounts payable | 47/48 | €44,913 | €4,245 | -€40,668 | -90.5% |
| Remuneration, social security and pensions | 62 | €376,811 | €432,241 | +€55,429 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €375,551 | €393,148 | +€17,597 | +4.7% |
| Other operating charges | 640/8 | €4,769 | €2,227 | -€2,542 | -53.3% |
| Gross operating margin | 9900 | €1,297,929 | €1,236,822 | -€61,107 | -4.7% |
| Operating profit (loss) | 9901 | €540,797 | €409,206 | -€131,591 | -24.3% |
| Financial income | 75/76B | €21 | €2,752 | +€2,731 | +13,034% |
| Recurring financial income | 75 | €21 | €2,752 | +€2,731 | +13,034% |
| Financial charges | 65/66B | €54,533 | €63,344 | +€8,811 | +16.2% |
| Recurring financial charges | 65 | €54,533 | €63,344 | +€8,811 | +16.2% |
| Profit (loss) for the period before taxes | 9903 | €486,285 | €348,613 | -€137,672 | -28.3% |
| Transfer from deferred taxes | 780 | €1,797 | €1,797 | = | 0.0% |
| Income taxes | 67/77 | €134,433 | €98,663 | -€35,769 | -26.6% |
| Profit (loss) for the period | 9904 | €353,650 | €251,747 | -€101,903 | -28.8% |
| Transfer from tax-exempt reserves | 789 | €7,189 | €7,189 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €360,839 | €258,936 | -€101,903 | -28.2% |
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 26 October 2026 via checked.be.