THERON PLUS: 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.
THERON PLUS
Largest movements
- Receivables within one year -€8,293
down €8,293 (-8.4%), from €98,990 to €90,697
of which Trade receivables: -€10,726
- Tangible fixed assets -€5,712
down €5,712 (-32.2%), from €17,740 to €12,027
- Other debts -€24,999
down €24,999 (-29.4%), from €84,967 to €59,968
- Short-term financial debts +€12,345
up €12,345 (+88.9%), from €13,880 to €26,225
- Tax, wage and social debts -€6,795
down €6,795 (-33.3%), from €20,433 to €13,638
of which Taxes: -€7,882
- Profit (loss) carried forward +€2,761
up €2,761 (+21.8%), from -€12,690 to -€9,929
- Trade debts +€2,389
up €2,389 (+21.8%), from €10,968 to €13,357
- Staff costs +€6,848
up €6,848 (+18.4%), from €37,159 to €44,006
- Gross operating margin -€1,597
down €1,597 (-2.6%), from €60,389 to €58,793
- Taxes -€1,581
down €1,581 (-44.7%), from €3,537 to €1,956
- Depreciation -€1,016
down €1,016 (-15.1%), from €6,728 to €5,712
- Other operating charges -€740
down €740 (-31.5%), from €2,349 to €1,609
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 | €138,705 | €124,520 | -€14,186 | -10.2% |
| Fixed assets | 21/28 | €18,590 | €12,877 | -€5,712 | -30.7% |
| Tangible fixed assets | 22/27 | €17,740 | €12,027 | -€5,712 | -32.2% |
| Plant, machinery and equipment | 23 | €1,781 | €687 | -€1,094 | -61.4% |
| Furniture and vehicles | 24 | €4,328 | €2,406 | -€1,923 | -44.4% |
| Other tangible fixed assets | 26 | €11,630 | €8,934 | -€2,696 | -23.2% |
| Financial fixed assets | 28 | €850 | €850 | = | 0.0% |
| Current assets | 29/58 | €120,115 | €111,642 | -€8,473 | -7.1% |
| Stocks and contracts in progress | 3 | €20,424 | €20,364 | -€59 | -0.3% |
| Stocks | 30/36 | €20,424 | €20,364 | -€59 | -0.3% |
| Amounts receivable within one year | 40/41 | €98,990 | €90,697 | -€8,293 | -8.4% |
| Trade receivables | 40 | €98,801 | €88,075 | -€10,726 | -10.9% |
| Other amounts receivable | 41 | €190 | €2,622 | +€2,433 | +1,284% |
| Cash at bank and in hand | 54/58 | €5 | €5 | = | 0.0% |
| Deferred charges and accrued income | 490/1 | €696 | €576 | -€121 | -17.4% |
| Total equity and liabilities | 10/49 | €138,705 | €124,520 | -€14,186 | -10.2% |
| Equity | 10/15 | €7,770 | €10,531 | +€2,761 | +35.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €1,860 | +€1,860 | |
| Profit (loss) carried forward | 14 | -€12,690 | -€9,929 | +€2,761 | +21.8% |
| Amounts payable | 17/49 | €130,935 | €113,989 | -€16,947 | -12.9% |
| Amounts payable within one year | 42/48 | €130,248 | €113,187 | -€17,060 | -13.1% |
| Financial debts | 43 | €13,880 | €26,225 | +€12,345 | +88.9% |
| Credit institutions | 430/8 | €13,880 | €26,225 | +€12,345 | +88.9% |
| Trade debts | 44 | €10,968 | €13,357 | +€2,389 | +21.8% |
| Suppliers | 440/4 | €10,968 | €13,357 | +€2,389 | +21.8% |
| Taxes, remuneration and social security | 45 | €20,433 | €13,638 | -€6,795 | -33.3% |
| Taxes | 450/3 | €13,367 | €5,486 | -€7,882 | -59.0% |
| Remuneration and social security | 454/9 | €7,065 | €8,152 | +€1,087 | +15.4% |
| Other amounts payable | 47/48 | €84,967 | €59,968 | -€24,999 | -29.4% |
| Accrued charges and deferred income | 492/3 | €688 | €801 | +€114 | +16.6% |
| Non-recurring operating income | 76A | - | €1,622 | +€1,622 | |
| Remuneration, social security and pensions | 62 | €37,159 | €44,006 | +€6,848 | +18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,728 | €5,712 | -€1,016 | -15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €130 | €0 | -€130 | -100% |
| Other operating charges | 640/8 | €2,349 | €1,609 | -€740 | -31.5% |
| Gross operating margin | 9900 | €60,389 | €58,793 | -€1,597 | -2.6% |
| Operating profit (loss) | 9901 | €14,024 | €7,465 | -€6,559 | -46.8% |
| Financial income | 75/76B | €38 | €22 | -€16 | -41.5% |
| Recurring financial income | 75 | €38 | €22 | -€16 | -41.5% |
| Financial charges | 65/66B | €2,856 | €2,770 | -€86 | -3.0% |
| Recurring financial charges | 65 | €2,856 | €2,770 | -€86 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €11,206 | €4,717 | -€6,488 | -57.9% |
| Income taxes | 67/77 | €3,537 | €1,956 | -€1,581 | -44.7% |
| Profit (loss) for the period | 9904 | €7,669 | €2,761 | -€4,908 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,669 | €2,761 | -€4,908 | -64.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.