Salon Théodore: 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.
Salon Théodore
Largest movements
- Current investments +€16,187
up €16,187 (+186%), from €8,717 to €24,904
- Tangible fixed assets -€14,366
down €14,366 (-8.4%), from €171,938 to €157,572
of which Furniture and vehicles: -€10,759
- Cash +€3,105
up €3,105 (+181%), from €1,718 to €4,823
mainly Net result for the year (+€15,608) and Depreciation (+€9,178)
- Debts after one year -€17,065
down €17,065 (-17.3%), from €98,552 to €81,487
- Profit (loss) carried forward +€15,608
up €15,608 (+74.0%), from €21,084 to €36,693
- Tax, wage and social debts +€3,428
up €3,428 (+36.1%), from €9,501 to €12,928
of which Taxes: +€3,928
- Current portion of long-term debt +€3,163
up €3,163 (+19.1%), from €16,570 to €19,734
- Other debts -€2,711
down €2,711 (-10.4%), from €26,121 to €23,409
- Depreciation -€6,845
down €6,845 (-42.7%), from €16,023 to €9,178
- Gross operating margin -€4,678
down €4,678 (-12.5%), from €37,422 to €32,744
- Taxes +€1,214
up €1,214 (+35.5%), from €3,416 to €4,630
- Other operating charges -€443
down €443 (-43.4%), from €1,021 to €578
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 | €185,440 | €190,293 | +€4,852 | +2.6% |
| Fixed assets | 21/28 | €171,993 | €157,627 | -€14,366 | -8.4% |
| Tangible fixed assets | 22/27 | €171,938 | €157,572 | -€14,366 | -8.4% |
| Land and buildings | 22 | €144,862 | €140,535 | -€4,328 | -3.0% |
| Plant, machinery and equipment | 23 | €14,275 | €11,865 | -€2,410 | -16.9% |
| Furniture and vehicles | 24 | €12,801 | €2,042 | -€10,759 | -84.1% |
| Leasing and similar rights | 25 | - | €3,131 | +€3,131 | |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €13,447 | €32,666 | +€19,218 | +143% |
| Stocks and contracts in progress | 3 | €2,894 | €2,296 | -€599 | -20.7% |
| Stocks | 30/36 | €2,894 | €2,296 | -€599 | -20.7% |
| Amounts receivable within one year | 40/41 | - | €643 | +€643 | |
| Trade receivables | 40 | - | €3 | +€3 | |
| Other amounts receivable | 41 | - | €640 | +€640 | |
| Current investments | 50/53 | €8,717 | €24,904 | +€16,187 | +186% |
| Cash at bank and in hand | 54/58 | €1,718 | €4,823 | +€3,105 | +181% |
| Deferred charges and accrued income | 490/1 | €118 | - | -€118 | |
| Total equity and liabilities | 10/49 | €185,440 | €190,293 | +€4,852 | +2.6% |
| Equity | 10/15 | €33,570 | €49,179 | +€15,608 | +46.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €86 | €86 | = | 0.0% |
| Distributable reserves | 133 | €86 | €86 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,084 | €36,693 | +€15,608 | +74.0% |
| Amounts payable | 17/49 | €151,870 | €141,114 | -€10,756 | -7.1% |
| Amounts payable after more than one year | 17 | €98,552 | €81,487 | -€17,065 | -17.3% |
| Financial debts | 170/4 | €98,552 | €81,487 | -€17,065 | -17.3% |
| Amounts payable within one year | 42/48 | €53,319 | €59,627 | +€6,309 | +11.8% |
| Current portion of amounts payable after more than one year | 42 | €16,570 | €19,734 | +€3,163 | +19.1% |
| Trade debts | 44 | €1,127 | €3,547 | +€2,420 | +215% |
| Suppliers | 440/4 | €1,127 | €3,547 | +€2,420 | +215% |
| Advances received on contracts in progress | 46 | - | €9 | +€9 | |
| Taxes, remuneration and social security | 45 | €9,501 | €12,928 | +€3,428 | +36.1% |
| Taxes | 450/3 | €6,501 | €10,428 | +€3,928 | +60.4% |
| Remuneration and social security | 454/9 | €3,000 | €2,500 | -€500 | -16.7% |
| Other amounts payable | 47/48 | €26,121 | €23,409 | -€2,711 | -10.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,023 | €9,178 | -€6,845 | -42.7% |
| Other operating charges | 640/8 | €1,021 | €578 | -€443 | -43.4% |
| Gross operating margin | 9900 | €37,422 | €32,744 | -€4,678 | -12.5% |
| Operating profit (loss) | 9901 | €20,378 | €22,988 | +€2,610 | +12.8% |
| Financial income | 75/76B | €24 | €94 | +€70 | +296% |
| Recurring financial income | 75 | €24 | €94 | +€70 | +296% |
| Financial charges | 65/66B | €3,092 | €2,844 | -€247 | -8.0% |
| Recurring financial charges | 65 | €3,092 | €2,844 | -€247 | -8.0% |
| Profit (loss) for the period before taxes | 9903 | €17,310 | €20,238 | +€2,928 | +16.9% |
| Income taxes | 67/77 | €3,416 | €4,630 | +€1,214 | +35.5% |
| Profit (loss) for the period | 9904 | €13,894 | €15,608 | +€1,714 | +12.3% |
| Profit (loss) for the period to be appropriated | 9905 | €13,894 | €15,608 | +€1,714 | +12.3% |
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 20 October 2026 via checked.be.