THEO NIJS: what changed
What changed
THEO NIJS
NACE 49.410, Freight transport by road
filed annual accounts (NBB)
Net result for the year
€2,351
2024 · €15,327-€12,975
Equity
€227,505
2024 · €225,154+€2,351
Cash
€217,433
2024 · €154,549+€62,884
Balance sheet total
€320,026
2024 · €329,800-€9,773
Largest movements
Assets
- Cash +€62,884
up €62,884 (+40.7%), from €154,549 to €217,433
mainly Depreciation (+€48,732) and Receivables within one year (+€30,244)
- Tangible fixed assets -€41,632
down €41,632 (-33.0%), from €126,239 to €84,607
of which Furniture and vehicles: -€21,776
- Receivables within one year -€30,244
down €30,244 (-64.5%), from €46,911 to €16,667
of which Trade receivables: -€34,673
Equity and liabilities
- Debts after one year -€11,350
down €11,350 (-37.7%), from €30,099 to €18,749
- Trade debts -€10,984
no longer reported in 2025 (was €10,984)
- Other debts +€7,800
up €7,800 (+27.6%), from €28,232 to €36,032
Income statement
- Gross operating margin -€30,914
down €30,914 (-33.9%), from €91,064 to €60,150
- Depreciation -€8,112
down €8,112 (-14.3%), from €56,844 to €48,732
- Taxes -€6,173
down €6,173 (-86.1%), from €7,174 to €1,001
- Provisions -€2,500
no longer reported in 2025 (was €2,500)
- Other operating charges -€916
down €916 (-15.8%), from €5,791 to €4,876
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
€15,327
Gross operating margin
-€30,914
Staff costs
+€620
Depreciation
+€8,112
Provisions
+€2,500
Other operating charges
+€916
Financial income
+€9
Financial charges
-€391
Taxes
+€6,173
Result 2025
€2,351
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
+€80,212
Investment
-€7,100
Financing
-€10,228
Cash 2024
€154,549
From operations (derived)
+€80,212
Net result for the year
+€2,351
Depreciation
+€48,732
Receivables within one year
+€30,244
Deferred charges and accrued income
+€781
Trade debts
-€10,984
Tax, wage and social debts
+€1,288
Other debts
+€7,800
Investment (derived)
-€7,100
Investment in fixed assets (net)
-€7,100
Financing
-€10,228
Debts after one year
-€11,350
Current portion of long-term debt
+€1,978
Short-term financial debts
-€856
Cash 2025
€217,433
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €329,800 | €320,026 | -€9,773 | -3.0% |
| Fixed assets | 21/28 | €126,239 | €84,607 | -€41,632 | -33.0% |
| Tangible fixed assets | 22/27 | €126,239 | €84,607 | -€41,632 | -33.0% |
| Plant, machinery and equipment | 23 | €22,775 | €10,004 | -€12,771 | -56.1% |
| Furniture and vehicles | 24 | €36,560 | €14,784 | -€21,776 | -59.6% |
| Leasing and similar rights | 25 | €54,000 | €40,500 | -€13,500 | -25.0% |
| Other tangible fixed assets | 26 | €12,904 | €19,319 | +€6,414 | +49.7% |
| Current assets | 29/58 | €203,560 | €235,419 | +€31,859 | +15.7% |
| Amounts receivable within one year | 40/41 | €46,911 | €16,667 | -€30,244 | -64.5% |
| Trade receivables | 40 | €41,564 | €6,890 | -€34,673 | -83.4% |
| Other amounts receivable | 41 | €5,348 | €9,777 | +€4,429 | +82.8% |
| Cash at bank and in hand | 54/58 | €154,549 | €217,433 | +€62,884 | +40.7% |
| Deferred charges and accrued income | 490/1 | €2,100 | €1,319 | -€781 | -37.2% |
| Total equity and liabilities | 10/49 | €329,800 | €320,026 | -€9,773 | -3.0% |
| Equity | 10/15 | €225,154 | €227,505 | +€2,351 | +1.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €144,906 | €147,257 | +€2,351 | +1.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €143,046 | €145,397 | +€2,351 | +1.6% |
| Profit (loss) carried forward | 14 | €74,048 | €74,048 | = | 0.0% |
| Provisions and deferred taxes | 16 | €12,500 | €12,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €12,500 | €12,500 | = | 0.0% |
| Major repairs and maintenance | 162 | €12,500 | €12,500 | = | 0.0% |
| Amounts payable | 17/49 | €92,146 | €80,021 | -€12,124 | -13.2% |
| Amounts payable after more than one year | 17 | €30,099 | €18,749 | -€11,350 | -37.7% |
| Financial debts | 170/4 | €30,099 | €18,749 | -€11,350 | -37.7% |
| Amounts payable within one year | 42/48 | €62,047 | €61,272 | -€775 | -1.2% |
| Current portion of amounts payable after more than one year | 42 | €9,375 | €11,353 | +€1,978 | +21.1% |
| Financial debts | 43 | €3,380 | €2,524 | -€856 | -25.3% |
| Credit institutions | 430/8 | €3,380 | €2,524 | -€856 | -25.3% |
| Trade debts | 44 | €10,984 | - | -€10,984 | |
| Suppliers | 440/4 | €10,984 | - | -€10,984 | |
| Taxes, remuneration and social security | 45 | €10,075 | €11,363 | +€1,288 | +12.8% |
| Taxes | 450/3 | €10,075 | €11,363 | +€1,288 | +12.8% |
| Other amounts payable | 47/48 | €28,232 | €36,032 | +€7,800 | +27.6% |
| Non-recurring operating income | 76A | €25,000 | - | -€25,000 | |
| Remuneration, social security and pensions | 62 | €620 | - | -€620 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,844 | €48,732 | -€8,112 | -14.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,500 | - | -€2,500 | |
| Other operating charges | 640/8 | €5,791 | €4,876 | -€916 | -15.8% |
| Gross operating margin | 9900 | €91,064 | €60,150 | -€30,914 | -33.9% |
| Operating profit (loss) | 9901 | €25,309 | €6,542 | -€18,767 | -74.2% |
| Financial income | 75/76B | €61 | €71 | +€9 | +14.9% |
| Recurring financial income | 75 | €61 | €71 | +€9 | +14.9% |
| Financial charges | 65/66B | €2,870 | €3,261 | +€391 | +13.6% |
| Recurring financial charges | 65 | €2,713 | €3,261 | +€548 | +20.2% |
| Non-recurring financial charges | 66B | €157 | - | -€157 | |
| Profit (loss) for the period before taxes | 9903 | €22,500 | €3,352 | -€19,149 | -85.1% |
| Income taxes | 67/77 | €7,174 | €1,001 | -€6,173 | -86.1% |
| Profit (loss) for the period | 9904 | €15,327 | €2,351 | -€12,975 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €15,327 | €2,351 | -€12,975 | -84.7% |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 3 November 2026 via checked.be.