THEOTONE: 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.
THEOTONE
Largest movements
- Tangible fixed assets -€547,373
down €547,373 (-47.7%), from €1.1m to €600,128
- Receivables within one year +€101,812
up €101,812 (+212.4%), from €47,941 to €149,753
of which Other amounts receivable: +€146,388
- Debts after one year -€283,175
down €283,175 (-39.6%), from €714,541 to €431,366
- Other debts -€146,368
down €146,368 (-44.8%), from €326,672 to €180,304
- Trade debts -€127,131
down €127,131 (-44.8%), from €283,526 to €156,395
- Profit (loss) carried forward +€108,427
up €108,427 (+78.7%), from -€137,762 to -€29,335
- Gross operating margin +€128,784
up €128,784 (+162.4%), from €79,324 to €208,108
- Other operating charges +€76,559
up €76,559 (+6694.9%), from €1,144 to €77,703
- Depreciation -€28,764
down €28,764 (-85.5%), from €33,636 to €4,872
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 | €1,205,577 | €759,145 | -€446,432 | -37.0% |
| Fixed assets | 21/28 | €1,147,501 | €600,128 | -€547,373 | -47.7% |
| Tangible fixed assets | 22/27 | €1,147,501 | €600,128 | -€547,373 | -47.7% |
| Land and buildings | 22 | €1,147,501 | €600,128 | -€547,373 | -47.7% |
| Current assets | 29/58 | €58,076 | €159,016 | +€100,940 | +173.8% |
| Amounts receivable within one year | 40/41 | €47,941 | €149,753 | +€101,812 | +212.4% |
| Trade receivables | 40 | €47,564 | €2,989 | -€44,575 | -93.7% |
| Other amounts receivable | 41 | €377 | €146,764 | +€146,388 | +38866.7% |
| Cash at bank and in hand | 54/58 | €10,135 | €9,263 | -€872 | -8.6% |
| Total equity and liabilities | 10/49 | €1,205,577 | €759,145 | -€446,432 | -37.0% |
| Equity | 10/15 | -€119,162 | -€10,735 | +€108,427 | +91.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€137,762 | -€29,335 | +€108,427 | +78.7% |
| Amounts payable | 17/49 | €1,324,739 | €769,880 | -€554,859 | -41.9% |
| Amounts payable after more than one year | 17 | €714,541 | €431,366 | -€283,175 | -39.6% |
| Financial debts | 170/4 | €714,541 | €431,366 | -€283,175 | -39.6% |
| Amounts payable within one year | 42/48 | €610,198 | €336,699 | -€273,499 | -44.8% |
| Trade debts | 44 | €283,526 | €156,395 | -€127,131 | -44.8% |
| Suppliers | 440/4 | €283,526 | €156,395 | -€127,131 | -44.8% |
| Other amounts payable | 47/48 | €326,672 | €180,304 | -€146,368 | -44.8% |
| Accrued charges and deferred income | 492/3 | - | €1,815 | +€1,815 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,636 | €4,872 | -€28,764 | -85.5% |
| Other operating charges | 640/8 | €1,144 | €77,703 | +€76,559 | +6694.9% |
| Gross operating margin | 9900 | €79,324 | €208,108 | +€128,784 | +162.4% |
| Operating profit (loss) | 9901 | €44,545 | €125,533 | +€80,989 | +181.8% |
| Financial charges | 65/66B | €17,334 | €17,107 | -€228 | -1.3% |
| Recurring financial charges | 65 | €17,334 | €17,107 | -€228 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | €27,210 | €108,427 | +€81,216 | +298.5% |
| Profit (loss) for the period | 9904 | €27,210 | €108,427 | +€81,216 | +298.5% |
| Profit (loss) for the period to be appropriated | 9905 | €27,210 | €108,427 | +€81,216 | +298.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.