THEOLAND: 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.
THEOLAND
Largest movements
- Cash +€24,056
up €24,056 (+64.3%), from €37,403 to €61,459
mainly Net result for the year (+€28,763) and Trade debts (+€17,199)
- Receivables within one year +€3,153
up €3,153 (+764%), from €413 to €3,566
- Stocks and contracts -€2,607
down €2,607 (-8.4%), from €31,153 to €28,546
- Intangible fixed assets -€1,786
down €1,786 (-9.6%), from €18,512 to €16,726
- Other debts -€23,125
down €23,125 (-43.1%), from €53,700 to €30,575
- Profit (loss) carried forward +€18,763
up €18,763 (+98.3%), from €19,089 to €37,852
- Trade debts +€17,199
up €17,199 (+649%), from €2,649 to €19,848
- Tax, wage and social debts +€11,283
up €11,283 (+85.3%), from €13,225 to €24,509
of which Taxes: +€8,825
- Gross operating margin +€50,732
up €50,732 (+212%), from €23,896 to €74,628
- Staff costs +€29,761
up €29,761 (+1,171%), from €2,541 to €32,302
- Taxes +€1,765
up €1,765 (+54.3%), from €3,248 to €5,013
- Depreciation +€991
up €991 (+15.8%), from €6,275 to €7,266
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 | €108,663 | €132,784 | +€24,120 | +22.2% |
| Fixed assets | 21/28 | €39,695 | €39,213 | -€481 | -1.2% |
| Intangible fixed assets | 21 | €18,512 | €16,726 | -€1,786 | -9.6% |
| Tangible fixed assets | 22/27 | €12,933 | €14,237 | +€1,304 | +10.1% |
| Furniture and vehicles | 24 | €9,797 | €11,798 | +€2,001 | +20.4% |
| Other tangible fixed assets | 26 | €3,136 | €2,439 | -€697 | -22.2% |
| Financial fixed assets | 28 | €8,250 | €8,250 | = | 0.0% |
| Current assets | 29/58 | €68,969 | €93,570 | +€24,602 | +35.7% |
| Stocks and contracts in progress | 3 | €31,153 | €28,546 | -€2,607 | -8.4% |
| Stocks | 30/36 | €31,153 | €28,546 | -€2,607 | -8.4% |
| Amounts receivable within one year | 40/41 | €413 | €3,566 | +€3,153 | +764% |
| Trade receivables | 40 | €413 | €3,566 | +€3,153 | +764% |
| Cash at bank and in hand | 54/58 | €37,403 | €61,459 | +€24,056 | +64.3% |
| Total equity and liabilities | 10/49 | €108,663 | €132,784 | +€24,120 | +22.2% |
| Equity | 10/15 | €39,089 | €57,852 | +€18,763 | +48.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,089 | €37,852 | +€18,763 | +98.3% |
| Amounts payable | 17/49 | €69,574 | €74,931 | +€5,357 | +7.7% |
| Amounts payable within one year | 42/48 | €69,574 | €74,931 | +€5,357 | +7.7% |
| Trade debts | 44 | €2,649 | €19,848 | +€17,199 | +649% |
| Suppliers | 440/4 | €2,649 | €19,848 | +€17,199 | +649% |
| Taxes, remuneration and social security | 45 | €13,225 | €24,509 | +€11,283 | +85.3% |
| Taxes | 450/3 | €12,587 | €21,411 | +€8,825 | +70.1% |
| Remuneration and social security | 454/9 | €639 | €3,097 | +€2,459 | +385% |
| Other amounts payable | 47/48 | €53,700 | €30,575 | -€23,125 | -43.1% |
| Remuneration, social security and pensions | 62 | €2,541 | €32,302 | +€29,761 | +1,171% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,275 | €7,266 | +€991 | +15.8% |
| Other operating charges | 640/8 | €1,207 | €554 | -€653 | -54.1% |
| Gross operating margin | 9900 | €23,896 | €74,628 | +€50,732 | +212% |
| Operating profit (loss) | 9901 | €13,873 | €34,505 | +€20,632 | +149% |
| Financial income | 75/76B | €53 | €83 | +€29 | +55.0% |
| Recurring financial income | 75 | €53 | €83 | +€29 | +55.0% |
| Financial charges | 65/66B | €1,033 | €812 | -€220 | -21.3% |
| Recurring financial charges | 65 | €1,033 | €812 | -€220 | -21.3% |
| Profit (loss) for the period before taxes | 9903 | €12,894 | €33,776 | +€20,882 | +162% |
| Income taxes | 67/77 | €3,248 | €5,013 | +€1,765 | +54.3% |
| Profit (loss) for the period | 9904 | €9,646 | €28,763 | +€19,117 | +198% |
| Profit (loss) for the period to be appropriated | 9905 | €9,646 | €28,763 | +€19,117 | +198% |
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 15 October 2026 via checked.be.