THERATOUS: 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.
THERATOUS
Largest movements
- Tangible fixed assets +€22,441
up €22,441 (+60.5%), from €37,076 to €59,517
of which Furniture and vehicles: +€24,943
- Intangible fixed assets -€8,000
down €8,000 (-14.2%), from €56,394 to €48,394
- Deferred charges and accrued income +€6,025
up €6,025 (+16.6%), from €36,279 to €42,304
- Reserves -€129,143
no longer reported in 2025 (was €129,143)
- Other debts +€107,706
up €107,706 (+6,103%), from €1,765 to €109,471
- Tax, wage and social debts +€24,188
new in 2025: €24,188
- Debts after one year +€16,175
up €16,175 (+86.3%), from €18,747 to €34,923
- Current portion of long-term debt +€4,807
up €4,807 (+134%), from €3,600 to €8,407
- Depreciation +€1,520
up €1,520 (+11.8%), from €12,862 to €14,382
- Financial charges +€595
up €595 (+444%), from €134 to €729
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.
Derived cash bridge
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 | €160,456 | €184,123 | +€23,667 | +14.7% |
| Fixed assets | 21/28 | €93,470 | €107,911 | +€14,441 | +15.4% |
| Intangible fixed assets | 21 | €56,394 | €48,394 | -€8,000 | -14.2% |
| Tangible fixed assets | 22/27 | €37,076 | €59,517 | +€22,441 | +60.5% |
| Land and buildings | 22 | €36,436 | €31,675 | -€4,762 | -13.1% |
| Plant, machinery and equipment | 23 | €204 | - | -€204 | |
| Furniture and vehicles | 24 | €436 | €25,379 | +€24,943 | +5,727% |
| Other tangible fixed assets | 26 | - | €2,463 | +€2,463 | |
| Current assets | 29/58 | €66,986 | €76,211 | +€9,226 | +13.8% |
| Amounts receivable within one year | 40/41 | €5,493 | €7,165 | +€1,672 | +30.4% |
| Other amounts receivable | 41 | €5,493 | €7,165 | +€1,672 | +30.4% |
| Cash at bank and in hand | 54/58 | €25,213 | €26,742 | +€1,529 | +6.1% |
| Deferred charges and accrued income | 490/1 | €36,279 | €42,304 | +€6,025 | +16.6% |
| Total equity and liabilities | 10/49 | €160,456 | €184,123 | +€23,667 | +14.7% |
| Equity | 10/15 | €132,143 | €3,000 | -€129,143 | -97.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €129,143 | - | -€129,143 | |
| Distributable reserves | 133 | €129,143 | - | -€129,143 | |
| Amounts payable | 17/49 | €28,313 | €181,123 | +€152,810 | +540% |
| Amounts payable after more than one year | 17 | €18,747 | €34,923 | +€16,175 | +86.3% |
| Financial debts | 170/4 | €18,747 | €34,923 | +€16,175 | +86.3% |
| Amounts payable within one year | 42/48 | €9,565 | €146,200 | +€136,635 | +1,428% |
| Current portion of amounts payable after more than one year | 42 | €3,600 | €8,407 | +€4,807 | +134% |
| Trade debts | 44 | €4,200 | €4,134 | -€66 | -1.6% |
| Suppliers | 440/4 | €4,200 | €4,134 | -€66 | -1.6% |
| Taxes, remuneration and social security | 45 | - | €24,188 | +€24,188 | |
| Taxes | 450/3 | - | €24,188 | +€24,188 | |
| Other amounts payable | 47/48 | €1,765 | €109,471 | +€107,706 | +6,103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,862 | €14,382 | +€1,520 | +11.8% |
| Other operating charges | 640/8 | €465 | €575 | +€110 | +23.6% |
| Gross operating margin | 9900 | €56,104 | €56,659 | +€555 | +1.0% |
| Operating profit (loss) | 9901 | €42,777 | €41,702 | -€1,075 | -2.5% |
| Financial income | 75/76B | €239 | €42 | -€197 | -82.5% |
| Recurring financial income | 75 | €239 | €42 | -€197 | -82.5% |
| Financial charges | 65/66B | €134 | €729 | +€595 | +444% |
| Recurring financial charges | 65 | €134 | €729 | +€595 | +444% |
| Profit (loss) for the period before taxes | 9903 | €42,883 | €41,016 | -€1,867 | -4.4% |
| Income taxes | 67/77 | €8,930 | €8,905 | -€25 | -0.3% |
| Profit (loss) for the period | 9904 | €33,952 | €32,111 | -€1,842 | -5.4% |
| Profit (loss) for the period to be appropriated | 9905 | €33,952 | €32,111 | -€1,842 | -5.4% |
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 17 October 2026 via checked.be.