THEATERGARAGE: what changed
What changed
THEATERGARAGE
NACE 85.593, Socio-cultural adult education
filed annual accounts (NBB)
Net result for the year
-€9,678
2024 · €531-€10,209
Equity
€149,299
2024 · €158,977-€9,678
Cash
€22,767
2024 · €39,926-€17,159
Balance sheet total
€350,540
2024 · €339,627+€10,914
Largest movements
Assets
- Receivables within one year +€36,158
up €36,158 (+483%), from €7,487 to €43,645
of which Other amounts receivable: +€31,046
- Cash -€17,159
down €17,159 (-43.0%), from €39,926 to €22,767
mainly Receivables within one year (-€36,158) and Net result for the year (-€9,678)
- Deferred charges and accrued income -€8,037
down €8,037 (-42.9%), from €18,722 to €10,685
Equity and liabilities
- Trade debts +€16,557
up €16,557 (+49.2%), from €33,663 to €50,221
- Profit (loss) carried forward -€9,678
down €9,678 (-50.1%), from -€19,323 to -€29,001
Income statement
- Staff costs +€25,324
up €25,324 (+115%), from €21,934 to €47,257
- Gross operating margin +€19,133
up €19,133 (+55.3%), from €34,622 to €53,755
- Financial charges +€4,666
up €4,666 (+192%), from €2,427 to €7,092
- Taxes -€1,979
down €1,979, from €1,400 to -€579
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€531
Gross operating margin
+€19,133
Staff costs
-€25,324
Depreciation
-€510
Other operating charges
-€449
Financial income
-€373
Financial charges
-€4,666
Taxes
+€1,979
Result 2025
-€9,678
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€11,498
Investment
-€5,961
Financing
+€300
Cash 2024
€39,926
From operations (derived)
-€11,498
Net result for the year
-€9,678
Depreciation
+€7,524
Stocks and contracts
-€1,515
Receivables within one year
-€36,158
Deferred charges and accrued income
+€8,037
Trade debts
+€16,557
Tax, wage and social debts
+€1,734
Accrued charges and deferred income
+€2,000
Investment (derived)
-€5,961
Investment in fixed assets (net)
-€5,961
Financing
+€300
Debts after one year
+€300
Cash 2025
€22,767
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €339,627 | €350,540 | +€10,914 | +3.2% |
| Fixed assets | 21/28 | €273,491 | €271,928 | -€1,563 | -0.6% |
| Intangible fixed assets | 21 | €20,029 | €19,130 | -€899 | -4.5% |
| Tangible fixed assets | 22/27 | €250,312 | €249,648 | -€664 | -0.3% |
| Land and buildings | 22 | €233,633 | €234,673 | +€1,040 | +0.4% |
| Plant, machinery and equipment | 23 | €13,294 | €11,935 | -€1,359 | -10.2% |
| Furniture and vehicles | 24 | €3,386 | €3,041 | -€345 | -10.2% |
| Financial fixed assets | 28 | €3,150 | €3,150 | = | 0.0% |
| Current assets | 29/58 | €66,136 | €78,612 | +€12,477 | +18.9% |
| Stocks and contracts in progress | 3 | - | €1,515 | +€1,515 | |
| Stocks | 30/36 | - | €1,515 | +€1,515 | |
| Amounts receivable within one year | 40/41 | €7,487 | €43,645 | +€36,158 | +483% |
| Trade receivables | 40 | €7,487 | €12,599 | +€5,112 | +68.3% |
| Other amounts receivable | 41 | - | €31,046 | +€31,046 | |
| Cash at bank and in hand | 54/58 | €39,926 | €22,767 | -€17,159 | -43.0% |
| Deferred charges and accrued income | 490/1 | €18,722 | €10,685 | -€8,037 | -42.9% |
| Total equity and liabilities | 10/49 | €339,627 | €350,540 | +€10,914 | +3.2% |
| Equity | 10/15 | €158,977 | €149,299 | -€9,678 | -6.1% |
| Contributions | 10/11 | €178,300 | €178,300 | = | 0.0% |
| Capital | 10 | €178,300 | €178,300 | = | 0.0% |
| Issued capital | 100 | €178,300 | €178,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,323 | -€29,001 | -€9,678 | -50.1% |
| Amounts payable | 17/49 | €180,650 | €201,242 | +€20,592 | +11.4% |
| Amounts payable after more than one year | 17 | €122,000 | €122,300 | +€300 | +0.2% |
| Financial debts | 170/4 | €122,000 | €122,300 | +€300 | +0.2% |
| Amounts payable within one year | 42/48 | €38,650 | €56,942 | +€18,292 | +47.3% |
| Trade debts | 44 | €33,663 | €50,221 | +€16,557 | +49.2% |
| Suppliers | 440/4 | €33,663 | €50,221 | +€16,557 | +49.2% |
| Taxes, remuneration and social security | 45 | €4,987 | €6,721 | +€1,734 | +34.8% |
| Taxes | 450/3 | €2,602 | - | -€2,602 | |
| Remuneration and social security | 454/9 | €2,385 | €6,721 | +€4,336 | +182% |
| Accrued charges and deferred income | 492/3 | €20,000 | €22,000 | +€2,000 | +10.0% |
| Remuneration, social security and pensions | 62 | €21,934 | €47,257 | +€25,324 | +115% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,014 | €7,524 | +€510 | +7.3% |
| Other operating charges | 640/8 | €1,700 | €2,149 | +€449 | +26.4% |
| Gross operating margin | 9900 | €34,622 | €53,755 | +€19,133 | +55.3% |
| Operating profit (loss) | 9901 | €3,974 | -€3,176 | -€7,150 | |
| Financial income | 75/76B | €383 | €10 | -€373 | -97.3% |
| Recurring financial income | 75 | €383 | €10 | -€373 | -97.3% |
| Financial charges | 65/66B | €2,427 | €7,092 | +€4,666 | +192% |
| Recurring financial charges | 65 | €2,427 | €7,092 | +€4,666 | +192% |
| Profit (loss) for the period before taxes | 9903 | €1,931 | -€10,258 | -€12,189 | |
| Income taxes | 67/77 | €1,400 | -€579 | -€1,979 | |
| Profit (loss) for the period | 9904 | €531 | -€9,678 | -€10,209 | |
| Profit (loss) for the period to be appropriated | 9905 | €531 | -€9,678 | -€10,209 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.