THEO FLOR: 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.
THEO FLOR
Largest movements
- Cash -€7,413
down €7,413 (-99.3%), from €7,468 to €55
mainly Net result for the year (-€6,370) and Receivables within one year (-€1,727)
- Receivables within one year +€1,727
up €1,727 (+42.4%), from €4,071 to €5,798
of which Other amounts receivable: +€3,678
- Tangible fixed assets -€1,134
down €1,134 (-43.8%), from €2,591 to €1,457
- Deferred charges and accrued income -€609
down €609 (-98.8%), from €616 to €7
- Profit (loss) carried forward -€6,370
down €6,370 (-67.3%), from -€9,470 to -€15,840
- Tax, wage and social debts -€1,028
no longer reported in 2025 (was €1,028)
- Turnover -€10,440
down €10,440 (-26.7%), from €39,066 to €28,626
- Purchases and services -€3,793
down €3,793 (-9.3%), from €40,728 to €36,935
- Gross operating margin -€3,247
down €3,247 (-195%), from -€1,662 to -€4,909
- Depreciation +€649
up €649 (+134%), from €486 to €1,134
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 | €14,821 | €7,392 | -€7,429 | -50.1% |
| Fixed assets | 21/28 | €2,666 | €1,532 | -€1,134 | -42.5% |
| Tangible fixed assets | 22/27 | €2,591 | €1,457 | -€1,134 | -43.8% |
| Furniture and vehicles | 24 | €2,591 | €1,457 | -€1,134 | -43.8% |
| Financial fixed assets | 28 | €75 | €75 | = | 0.0% |
| Current assets | 29/58 | €12,154 | €5,860 | -€6,295 | -51.8% |
| Amounts receivable within one year | 40/41 | €4,071 | €5,798 | +€1,727 | +42.4% |
| Trade receivables | 40 | €2,000 | €49 | -€1,951 | -97.6% |
| Other amounts receivable | 41 | €2,071 | €5,749 | +€3,678 | +178% |
| Cash at bank and in hand | 54/58 | €7,468 | €55 | -€7,413 | -99.3% |
| Deferred charges and accrued income | 490/1 | €616 | €7 | -€609 | -98.8% |
| Total equity and liabilities | 10/49 | €14,821 | €7,392 | -€7,429 | -50.1% |
| Equity | 10/15 | €10,990 | €4,620 | -€6,370 | -58.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,470 | -€15,840 | -€6,370 | -67.3% |
| Provisions and deferred taxes | 16 | €1,800 | €1,800 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,800 | €1,800 | = | 0.0% |
| Pensions and similar obligations | 160 | €1,800 | €1,800 | = | 0.0% |
| Amounts payable | 17/49 | €2,031 | €972 | -€1,059 | -52.1% |
| Amounts payable within one year | 42/48 | €2,031 | €972 | -€1,059 | -52.1% |
| Financial debts | 43 | €420 | €417 | -€3 | -0.6% |
| Other loans | 439 | €420 | €417 | -€3 | -0.6% |
| Trade debts | 44 | €583 | €555 | -€29 | -4.9% |
| Suppliers | 440/4 | €583 | €555 | -€29 | -4.9% |
| Taxes, remuneration and social security | 45 | €1,028 | - | -€1,028 | |
| Remuneration and social security | 454/9 | €1,028 | - | -€1,028 | |
| Turnover | 70 | €39,066 | €28,626 | -€10,440 | -26.7% |
| Non-recurring operating income | 76A | - | €3,400 | +€3,400 | |
| Goods, raw materials, services and sundry goods | 60/61 | €40,728 | €36,935 | -€3,793 | -9.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €486 | €1,134 | +€649 | +134% |
| Gross operating margin | 9900 | -€1,662 | -€4,909 | -€3,247 | -195% |
| Operating profit (loss) | 9901 | -€2,148 | -€6,044 | -€3,896 | -181% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €315 | €326 | +€12 | +3.7% |
| Recurring financial charges | 65 | €315 | €326 | +€12 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,462 | -€6,370 | -€3,908 | -159% |
| Profit (loss) for the period | 9904 | -€2,462 | -€6,370 | -€3,908 | -159% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,462 | -€6,370 | -€3,908 | -159% |
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 23 October 2026 via checked.be.