THEATE MANAGEMENT: 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.
THEATE MANAGEMENT
Largest movements
- Cash +€45,343
up €45,343 (+179%), from €25,353 to €70,695
mainly Net result for the year (+€153,634) and Other debts (+€79,427)
- Tangible fixed assets -€22,504
down €22,504 (-100%), from €22,504 to €0
- Receivables within one year -€19,290
down €19,290 (-32.8%), from €58,867 to €39,577
of which Other amounts receivable: -€16,576
- Other debts +€79,427
up €79,427 (+71.2%), from €111,498 to €190,924
- Reserves -€46,000
down €46,000 (-15.9%), from €289,000 to €243,000
- Debts after one year -€33,647
down €33,647 (-80.6%), from €41,767 to €8,119
of which Financial debts: -€33,647
- Gross operating margin +€15,310
up €15,310 (+33.0%), from €46,394 to €61,703
- Taxes +€5,336
up €5,336 (+54.0%), from €9,887 to €15,223
- Other operating charges +€4,931
up €4,931 (+231%), from €2,135 to €7,066
- Depreciation -€3,385
no longer reported in 2025 (was €3,385)
- Financial income +€2,234
up €2,234 (+2.0%), from €113,385 to €115,620
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 | €499,972 | €502,429 | +€2,457 | +0.5% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €414,661 | €392,157 | -€22,504 | -5.4% |
| Tangible fixed assets | 22/27 | €22,504 | €0 | -€22,504 | -100% |
| Furniture and vehicles | 24 | €22,504 | €0 | -€22,504 | -100% |
| Financial fixed assets | 28 | €392,157 | €392,157 | = | 0.0% |
| Current assets | 29/58 | €85,311 | €110,272 | +€24,962 | +29.3% |
| Amounts receivable within one year | 40/41 | €58,867 | €39,577 | -€19,290 | -32.8% |
| Trade receivables | 40 | €3,161 | €447 | -€2,715 | -85.9% |
| Other amounts receivable | 41 | €55,706 | €39,130 | -€16,576 | -29.8% |
| Cash at bank and in hand | 54/58 | €25,353 | €70,695 | +€45,343 | +179% |
| Deferred charges and accrued income | 490/1 | €1,091 | €0 | -€1,091 | -100% |
| Total equity and liabilities | 10/49 | €499,972 | €502,429 | +€2,457 | +0.5% |
| Equity | 10/15 | €309,393 | €263,027 | -€46,366 | -15.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €289,000 | €243,000 | -€46,000 | -15.9% |
| Distributable reserves | 133 | €289,000 | €243,000 | -€46,000 | -15.9% |
| Profit (loss) carried forward | 14 | €393 | €27 | -€366 | -93.2% |
| Amounts payable | 17/49 | €190,579 | €239,402 | +€48,823 | +25.6% |
| Amounts payable after more than one year | 17 | €41,767 | €8,119 | -€33,647 | -80.6% |
| Financial debts | 170/4 | €41,767 | €8,119 | -€33,647 | -80.6% |
| Other amounts payable | 178/9 | - | €0 | = | |
| Amounts payable within one year | 42/48 | €148,620 | €231,283 | +€82,663 | +55.6% |
| Current portion of amounts payable after more than one year | 42 | €33,103 | €33,647 | +€544 | +1.6% |
| Trade debts | 44 | €4,020 | €6,709 | +€2,689 | +66.9% |
| Suppliers | 440/4 | €4,020 | €6,709 | +€2,689 | +66.9% |
| Taxes, remuneration and social security | 45 | €0 | €2 | +€2 | |
| Taxes | 450/3 | €0 | €2 | +€2 | |
| Other amounts payable | 47/48 | €111,498 | €190,924 | +€79,427 | +71.2% |
| Accrued charges and deferred income | 492/3 | €192 | €0 | -€192 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,385 | - | -€3,385 | |
| Other operating charges | 640/8 | €2,135 | €7,066 | +€4,931 | +231% |
| Gross operating margin | 9900 | €46,394 | €61,703 | +€15,310 | +33.0% |
| Operating profit (loss) | 9901 | €40,874 | €54,638 | +€13,764 | +33.7% |
| Financial income | 75/76B | €113,385 | €115,620 | +€2,234 | +2.0% |
| Recurring financial income | 75 | €113,385 | €115,620 | +€2,234 | +2.0% |
| Financial charges | 65/66B | €1,594 | €1,400 | -€194 | -12.2% |
| Recurring financial charges | 65 | €1,594 | €1,400 | -€194 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €152,665 | €168,857 | +€16,192 | +10.6% |
| Income taxes | 67/77 | €9,887 | €15,223 | +€5,336 | +54.0% |
| Profit (loss) for the period | 9904 | €142,778 | €153,634 | +€10,856 | +7.6% |
| Profit (loss) for the period to be appropriated | 9905 | €142,778 | €153,634 | +€10,856 | +7.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.