THEOCO: 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.
THEOCO
Largest movements
- Cash +€18,671
up €18,671 (+7.4%), from €251,587 to €270,258
mainly Net result for the year (+€53,434) and Depreciation (+€253)
- Receivables within one year +€12,302
up €12,302 (+29.8%), from €41,260 to €53,562
of which Other amounts receivable: +€17,384
- Reserves +€53,434
up €53,434 (+23.6%), from €226,059 to €279,492
- Tax, wage and social debts -€22,567
down €22,567 (-36.5%), from €61,833 to €39,266
- Gross operating margin -€27,365
down €27,365 (-26.3%), from €104,071 to €76,705
- Taxes -€7,616
down €7,616 (-25.3%), from €30,104 to €22,488
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €293,316 | €323,983 | +€30,667 | +10.5% |
| Fixed assets | 21/28 | €416 | €163 | -€253 | -60.8% |
| Tangible fixed assets | 22/27 | €416 | €163 | -€253 | -60.8% |
| Plant, machinery and equipment | 23 | €416 | €163 | -€253 | -60.8% |
| Current assets | 29/58 | €292,900 | €323,820 | +€30,920 | +10.6% |
| Amounts receivable within one year | 40/41 | €41,260 | €53,562 | +€12,302 | +29.8% |
| Trade receivables | 40 | €12,705 | €7,623 | -€5,082 | -40.0% |
| Other amounts receivable | 41 | €28,555 | €45,939 | +€17,384 | +60.9% |
| Cash at bank and in hand | 54/58 | €251,587 | €270,258 | +€18,671 | +7.4% |
| Deferred charges and accrued income | 490/1 | €53 | €0 | -€53 | -100.0% |
| Total equity and liabilities | 10/49 | €293,316 | €323,983 | +€30,667 | +10.5% |
| Equity | 10/15 | €231,059 | €284,492 | +€53,434 | +23.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €226,059 | €279,492 | +€53,434 | +23.6% |
| Distributable reserves | 133 | €226,059 | €279,492 | +€53,434 | +23.6% |
| Amounts payable | 17/49 | €62,258 | €39,491 | -€22,767 | -36.6% |
| Amounts payable within one year | 42/48 | €62,258 | €39,491 | -€22,767 | -36.6% |
| Trade debts | 44 | €424 | €225 | -€200 | -47.0% |
| Suppliers | 440/4 | €424 | €225 | -€200 | -47.0% |
| Taxes, remuneration and social security | 45 | €61,833 | €39,266 | -€22,567 | -36.5% |
| Taxes | 450/3 | €61,833 | €39,266 | -€22,567 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €687 | €253 | -€434 | -63.2% |
| Other operating charges | 640/8 | €1,183 | €1,403 | +€220 | +18.6% |
| Gross operating margin | 9900 | €104,071 | €76,705 | -€27,365 | -26.3% |
| Operating profit (loss) | 9901 | €102,200 | €75,049 | -€27,151 | -26.6% |
| Financial income | 75/76B | €1,019 | €1,833 | +€814 | +79.8% |
| Recurring financial income | 75 | €1,019 | €1,833 | +€814 | +79.8% |
| Financial charges | 65/66B | €1,284 | €961 | -€323 | -25.2% |
| Recurring financial charges | 65 | €1,284 | €961 | -€323 | -25.2% |
| Profit (loss) for the period before taxes | 9903 | €101,936 | €75,921 | -€26,014 | -25.5% |
| Income taxes | 67/77 | €30,104 | €22,488 | -€7,616 | -25.3% |
| Profit (loss) for the period | 9904 | €71,832 | €53,434 | -€18,398 | -25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €71,832 | €53,434 | -€18,398 | -25.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.