THEODIRIS: 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.
THEODIRIS
Largest movements
- Cash +€3.3m
up €3.3m (+950%), from €350,131 to €3.7m
mainly Net result for the year (+€2.9m) and Other debts (+€2.8m)
- Financial fixed assets -€464,319
down €464,319 (-98.4%), from €471,911 to €7,593
- Other debts +€2.8m
up €2.8m (+131,443%), from €2,123 to €2.8m
- Profit (loss) carried forward +€70,081
up €70,081, from -€70,081 to €0
- Financial income +€2.9m
new in 2024: €2.9m
- Other operating charges -€714
down €714 (-64.2%), from €1,112 to €398
- Financial charges -€301
down €301 (-86.7%), from €348 to €46
- Gross operating margin +€137
up €137 (+5.1%), from -€2,697 to -€2,560
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.
Derived cash bridge
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 | €822,042 | €3,684,958 | +€2.9m | +348% |
| Fixed assets | 21/28 | €471,911 | €7,593 | -€464,319 | -98.4% |
| Financial fixed assets | 28 | €471,911 | €7,593 | -€464,319 | -98.4% |
| Current assets | 29/58 | €350,131 | €3,677,366 | +€3.3m | +950% |
| Cash at bank and in hand | 54/58 | €350,131 | €3,677,366 | +€3.3m | +950% |
| Total equity and liabilities | 10/49 | €822,042 | €3,684,958 | +€2.9m | +348% |
| Equity | 10/15 | €819,919 | €890,000 | +€70,081 | +8.5% |
| Contributions | 10/11 | €890,000 | €890,000 | = | 0.0% |
| Capital | 10 | €890,000 | €890,000 | = | 0.0% |
| Issued capital | 100 | €1,100,000 | €890,000 | -€210,000 | -19.1% |
| Uncalled capital | 101 | €210,000 | - | -€210,000 | |
| Profit (loss) carried forward | 14 | -€70,081 | €0 | +€70,081 | |
| Amounts payable | 17/49 | €2,123 | €2,794,958 | +€2.8m | +131,529% |
| Amounts payable within one year | 42/48 | €2,123 | €2,794,958 | +€2.8m | +131,529% |
| Trade debts | 44 | - | €1,837 | +€1,837 | |
| Suppliers | 440/4 | - | €1,837 | +€1,837 | |
| Other amounts payable | 47/48 | €2,123 | €2,793,121 | +€2.8m | +131,443% |
| Other operating charges | 640/8 | €1,112 | €398 | -€714 | -64.2% |
| Gross operating margin | 9900 | -€2,697 | -€2,560 | +€137 | +5.1% |
| Operating profit (loss) | 9901 | -€3,809 | -€2,958 | +€850 | +22.3% |
| Financial income | 75/76B | - | €2,864,084 | +€2.9m | |
| Recurring financial income | 75 | - | €2,864,084 | +€2.9m | |
| Financial charges | 65/66B | €348 | €46 | -€301 | -86.7% |
| Recurring financial charges | 65 | €348 | €46 | -€301 | -86.7% |
| Profit (loss) for the period before taxes | 9903 | -€4,156 | €2,861,079 | +€2.9m | |
| Profit (loss) for the period | 9904 | -€4,156 | €2,861,079 | +€2.9m | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,156 | €2,861,079 | +€2.9m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.