THEO SERVICES: 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.
THEO SERVICES
Largest movements
- Receivables within one year -€17,480
down €17,480 (-61.5%), from €28,416 to €10,937
of which Other amounts receivable: -€15,870
- Cash -€7,895
down €7,895 (-98.4%), from €8,025 to €130
mainly Trade debts (-€27,104) and Net result for the year (-€3,747)
- Trade debts -€27,104
no longer reported in 2025 (was €27,104)
of which Bills of exchange payable: -€26,133
- Other debts +€7,096
new in 2025: €7,096
- Profit (loss) carried forward -€3,747
down €3,747 (-65.5%), from €5,718 to €1,971
- Tax, wage and social debts -€1,619
no longer reported in 2025 (was €1,619)
- Turnover -€110,891
no longer reported in 2025 (was €110,891)
- Purchases and services -€99,183
down €99,183 (-97.1%), from €102,147 to €2,964
- Gross operating margin -€11,708
down €11,708, from €8,744 to -€2,964
- Taxes -€1,619
no longer reported in 2025 (was €1,619)
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 | €36,441 | €11,067 | -€25,374 | -69.6% |
| Current assets | 29/58 | €36,441 | €11,067 | -€25,374 | -69.6% |
| Amounts receivable within one year | 40/41 | €28,416 | €10,937 | -€17,480 | -61.5% |
| Trade receivables | 40 | €12,431 | €10,821 | -€1,610 | -13.0% |
| Other amounts receivable | 41 | €15,986 | €116 | -€15,870 | -99.3% |
| Cash at bank and in hand | 54/58 | €8,025 | €130 | -€7,895 | -98.4% |
| Total equity and liabilities | 10/49 | €36,441 | €11,067 | -€25,374 | -69.6% |
| Equity | 10/15 | €7,718 | €3,971 | -€3,747 | -48.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,718 | €1,971 | -€3,747 | -65.5% |
| Amounts payable | 17/49 | €28,723 | €7,096 | -€21,627 | -75.3% |
| Amounts payable within one year | 42/48 | €28,723 | €7,096 | -€21,627 | -75.3% |
| Trade debts | 44 | €27,104 | - | -€27,104 | |
| Suppliers | 440/4 | €971 | - | -€971 | |
| Bills of exchange payable | 441 | €26,133 | - | -€26,133 | |
| Taxes, remuneration and social security | 45 | €1,619 | - | -€1,619 | |
| Taxes | 450/3 | €1,619 | - | -€1,619 | |
| Other amounts payable | 47/48 | - | €7,096 | +€7,096 | |
| Turnover | 70 | €110,891 | - | -€110,891 | |
| Goods, raw materials, services and sundry goods | 60/61 | €102,147 | €2,964 | -€99,183 | -97.1% |
| Remuneration, social security and pensions | 62 | €507 | €387 | -€120 | -23.6% |
| Other operating charges | 640/8 | €793 | €317 | -€476 | -60.0% |
| Gross operating margin | 9900 | €8,744 | -€2,964 | -€11,708 | |
| Operating profit (loss) | 9901 | €7,444 | -€3,668 | -€11,112 | |
| Financial charges | 65/66B | €106 | €79 | -€27 | -25.4% |
| Recurring financial charges | 65 | €106 | €79 | -€27 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €7,338 | -€3,747 | -€11,085 | |
| Income taxes | 67/77 | €1,619 | - | -€1,619 | |
| Profit (loss) for the period | 9904 | €5,718 | -€3,747 | -€9,466 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,718 | -€3,747 | -€9,466 |
Source: filed annual accounts (NBB), fiscal years ended 31 October 2024 and 31 October 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.