Theano: what changed
Two fiscal 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.
Theano
Largest movements
- Receivables after one year +€25,000
new in 2025: €25,000
- Cash -€22,910
down €22,910 (-31.5%), from €72,806 to €49,896
mainly Contributions, distributions and other (-€30,000) and Receivables after one year (-€25,000)
- Receivables within one year +€1,307
up €1,307 (+352.8%), from €371 to €1,678
of which Trade receivables: +€1,593
- Other debts +€29,982
up €29,982 (+23541.4%), from €127 to €30,110
- Profit (loss) carried forward -€26,823
down €26,823 (-41.3%), from €64,976 to €38,153
- Gross operating margin +€10,103
up €10,103, from -€6,401 to €3,702
- Financial income +€322
new in 2025: €322
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.
Cash bridge derived
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 | €73,920 | €77,460 | +€3,540 | +4.8% |
| Fixed assets | 21/28 | €743 | €366 | -€377 | -50.7% |
| Tangible fixed assets | 22/27 | €743 | €366 | -€377 | -50.7% |
| Furniture and vehicles | 24 | €743 | €366 | -€377 | -50.7% |
| Current assets | 29/58 | €73,177 | €77,094 | +€3,917 | +5.4% |
| Amounts receivable after more than one year | 29 | - | €25,000 | +€25,000 | |
| Other amounts receivable | 291 | - | €25,000 | +€25,000 | |
| Amounts receivable within one year | 40/41 | €371 | €1,678 | +€1,307 | +352.8% |
| Trade receivables | 40 | - | €1,593 | +€1,593 | |
| Other amounts receivable | 41 | €371 | €85 | -€286 | -77.1% |
| Cash at bank and in hand | 54/58 | €72,806 | €49,896 | -€22,910 | -31.5% |
| Deferred charges and accrued income | 490/1 | - | €520 | +€520 | |
| Total equity and liabilities | 10/49 | €73,920 | €77,460 | +€3,540 | +4.8% |
| Equity | 10/15 | €73,036 | €46,213 | -€26,823 | -36.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | - | -€1,860 | |
| Reserves not available under the articles | 1311 | €1,860 | - | -€1,860 | |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | €64,976 | €38,153 | -€26,823 | -41.3% |
| Amounts payable | 17/49 | €884 | €31,247 | +€30,363 | +3435.0% |
| Amounts payable within one year | 42/48 | €818 | €31,180 | +€30,362 | +3710.7% |
| Trade debts | 44 | €691 | €1,070 | +€380 | +54.9% |
| Suppliers | 440/4 | €691 | €1,070 | +€380 | +54.9% |
| Other amounts payable | 47/48 | €127 | €30,110 | +€29,982 | +23541.4% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €377 | €377 | = | 0.0% |
| Other operating charges | 640/8 | €396 | €400 | +€4 | +0.9% |
| Gross operating margin | 9900 | -€6,401 | €3,702 | +€10,103 | |
| Operating profit (loss) | 9901 | -€7,174 | €2,925 | +€10,099 | |
| Financial income | 75/76B | - | €322 | +€322 | |
| Recurring financial income | 75 | - | €322 | +€322 | |
| Financial charges | 65/66B | €69 | €70 | +€2 | +2.8% |
| Recurring financial charges | 65 | €69 | €70 | +€2 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,242 | €3,177 | +€10,419 | |
| Profit (loss) for the period | 9904 | -€7,242 | €3,177 | +€10,419 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,242 | €3,177 | +€10,419 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.