THEE.BE: 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.
THEE.BE
Largest movements
- Stocks and contracts +€7,500
up €7,500 (+24.6%), from €30,493 to €37,993
- Receivables within one year +€1,532
up €1,532 (+17.8%), from €8,582 to €10,114
- Cash +€1,277
up €1,277 (+8.7%), from €14,667 to €15,944
mainly Net result for the year (+€29,760) and Tax, wage and social debts (+€3,316)
- Intangible fixed assets -€1,237
down €1,237 (-17.7%), from €6,978 to €5,740
- Profit (loss) carried forward +€29,760
up €29,760, from -€27,449 to €2,311
- Other debts -€25,000
down €25,000 (-71.4%), from €35,000 to €10,000
- Tax, wage and social debts +€3,316
up €3,316 (+85.5%), from €3,876 to €7,192
- Trade debts +€996
up €996 (+5.5%), from €17,942 to €18,938
- Gross operating margin +€30,350
up €30,350 (+54.8%), from €55,407 to €85,757
- Staff costs +€7,233
up €7,233 (+17.2%), from €42,095 to €49,328
- Taxes +€3,286
new in 2025: €3,286
- Other operating charges -€1,028
down €1,028 (-58.2%), from €1,766 to €739
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 | €60,719 | €69,791 | +€9,071 | +14.9% |
| Fixed assets | 21/28 | €6,978 | €5,740 | -€1,237 | -17.7% |
| Intangible fixed assets | 21 | €6,978 | €5,740 | -€1,237 | -17.7% |
| Current assets | 29/58 | €53,742 | €64,050 | +€10,308 | +19.2% |
| Stocks and contracts in progress | 3 | €30,493 | €37,993 | +€7,500 | +24.6% |
| Stocks | 30/36 | €30,493 | €37,993 | +€7,500 | +24.6% |
| Amounts receivable within one year | 40/41 | €8,582 | €10,114 | +€1,532 | +17.8% |
| Trade receivables | 40 | €8,582 | €10,114 | +€1,532 | +17.8% |
| Cash at bank and in hand | 54/58 | €14,667 | €15,944 | +€1,277 | +8.7% |
| Total equity and liabilities | 10/49 | €60,719 | €69,791 | +€9,071 | +14.9% |
| Equity | 10/15 | €2,551 | €32,311 | +€29,760 | +1166.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€27,449 | €2,311 | +€29,760 | |
| Amounts payable | 17/49 | €58,168 | €37,480 | -€20,689 | -35.6% |
| Amounts payable within one year | 42/48 | €56,818 | €36,130 | -€20,689 | -36.4% |
| Trade debts | 44 | €17,942 | €18,938 | +€996 | +5.5% |
| Suppliers | 440/4 | €17,942 | €18,938 | +€996 | +5.5% |
| Taxes, remuneration and social security | 45 | €3,876 | €7,192 | +€3,316 | +85.5% |
| Taxes | 450/3 | €3,876 | €7,192 | +€3,316 | +85.5% |
| Other amounts payable | 47/48 | €35,000 | €10,000 | -€25,000 | -71.4% |
| Accrued charges and deferred income | 492/3 | €1,350 | €1,350 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €42,095 | €49,328 | +€7,233 | +17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,237 | €1,237 | = | 0.0% |
| Other operating charges | 640/8 | €1,766 | €739 | -€1,028 | -58.2% |
| Gross operating margin | 9900 | €55,407 | €85,757 | +€30,350 | +54.8% |
| Operating profit (loss) | 9901 | €10,309 | €34,453 | +€24,144 | +234.2% |
| Financial income | 75/76B | €83 | - | -€83 | |
| Recurring financial income | 75 | €83 | - | -€83 | |
| Financial charges | 65/66B | €1,409 | €1,408 | -€1 | -0.1% |
| Recurring financial charges | 65 | €1,409 | €1,408 | -€1 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | €8,984 | €33,046 | +€24,062 | +267.8% |
| Income taxes | 67/77 | - | €3,286 | +€3,286 | |
| Profit (loss) for the period | 9904 | €8,984 | €29,760 | +€20,776 | +231.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,984 | €29,760 | +€20,776 | +231.3% |
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 5 October 2026 via checked.be.