Theophus: 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.
Theophus
Largest movements
- Tangible fixed assets +€28,532
new in 2025: €28,532
- Profit (loss) carried forward +€61,689
up €61,689 (+30.7%), from €200,699 to €262,388
- Debts after one year -€40,754
down €40,754 (-7.6%), from €539,048 to €498,294
- Financial income -€150,000
no longer reported in 2025 (was €150,000)
- Gross operating margin +€12,491
up €12,491 (+16.9%), from €74,077 to €86,567
- Taxes +€2,072
up €2,072 (+16.1%), from €12,904 to €14,976
- Financial charges -€1,531
down €1,531 (-15.0%), from €10,184 to €8,653
- Depreciation +€903
new in 2025: €903
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 | €900,546 | €922,295 | +€21,750 | +2.4% |
| Fixed assets | 21/28 | €790,000 | €818,532 | +€28,532 | +3.6% |
| Tangible fixed assets | 22/27 | - | €28,532 | +€28,532 | |
| Furniture and vehicles | 24 | - | €28,532 | +€28,532 | |
| Financial fixed assets | 28 | €790,000 | €790,000 | = | 0.0% |
| Current assets | 29/58 | €110,546 | €103,764 | -€6,782 | -6.1% |
| Amounts receivable within one year | 40/41 | €7,096 | €7,120 | +€24 | +0.3% |
| Other amounts receivable | 41 | €7,096 | €7,120 | +€24 | +0.3% |
| Cash at bank and in hand | 54/58 | €103,450 | €96,644 | -€6,806 | -6.6% |
| Total equity and liabilities | 10/49 | €900,546 | €922,295 | +€21,750 | +2.4% |
| Equity | 10/15 | €304,747 | €366,436 | +€61,689 | +20.2% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €94,048 | €94,048 | = | 0.0% |
| Distributable reserves | 133 | €94,048 | €94,048 | = | 0.0% |
| Profit (loss) carried forward | 14 | €200,699 | €262,388 | +€61,689 | +30.7% |
| Amounts payable | 17/49 | €595,798 | €555,859 | -€39,939 | -6.7% |
| Amounts payable after more than one year | 17 | €539,048 | €498,294 | -€40,754 | -7.6% |
| Financial debts | 170/4 | €539,048 | €498,294 | -€40,754 | -7.6% |
| Amounts payable within one year | 42/48 | €56,750 | €57,566 | +€815 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €39,149 | €40,754 | +€1,605 | +4.1% |
| Trade debts | 44 | €2,150 | €1,285 | -€865 | -40.2% |
| Suppliers | 440/4 | €2,150 | €1,285 | -€865 | -40.2% |
| Taxes, remuneration and social security | 45 | €5,043 | €7,481 | +€2,438 | +48.3% |
| Taxes | 450/3 | €5,043 | €7,481 | +€2,438 | +48.3% |
| Other amounts payable | 47/48 | €10,408 | €8,045 | -€2,363 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €903 | +€903 | |
| Other operating charges | 640/8 | €290 | €347 | +€57 | +19.7% |
| Gross operating margin | 9900 | €74,077 | €86,567 | +€12,491 | +16.9% |
| Operating profit (loss) | 9901 | €73,787 | €85,318 | +€11,530 | +15.6% |
| Financial income | 75/76B | €150,000 | - | -€150,000 | |
| Recurring financial income | 75 | €150,000 | - | -€150,000 | |
| Financial charges | 65/66B | €10,184 | €8,653 | -€1,531 | -15.0% |
| Recurring financial charges | 65 | €10,184 | €8,653 | -€1,531 | -15.0% |
| Profit (loss) for the period before taxes | 9903 | €213,603 | €76,665 | -€136,939 | -64.1% |
| Income taxes | 67/77 | €12,904 | €14,976 | +€2,072 | +16.1% |
| Profit (loss) for the period | 9904 | €200,699 | €61,689 | -€139,010 | -69.3% |
| Profit (loss) for the period to be appropriated | 9905 | €200,699 | €61,689 | -€139,010 | -69.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.