Theuco: 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.
What changed
Theuco
NACE 47.110, Non-specialised retail sale with food, beverages or tobacco predominating
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€268,230
2024 · €267,160+€1,070
Equity
€1.2m
2024 · €1.9m-€793,949
Cash
€267,109
2024 · €560,170-€293,061
Balance sheet total
€4.5m
2024 · €4.6m-€117,429
Largest movements
Assets
- Receivables after one year +€750,014
up €750,014 (+300%), from €249,986 to €1.0m
- Cash -€293,061
down €293,061 (-52.3%), from €560,170 to €267,109
mainly Contributions, distributions and other (-€1.1m) and Receivables after one year (-€750,014)
- Financial fixed assets -€250,014
down €250,014 (-100%), from €250,014 to €0
- Tangible fixed assets -€205,343
down €205,343 (-13.4%), from €1.5m to €1.3m
of which Plant, machinery and equipment: -€134,022
- Current investments -€95,642
down €95,642 (-7.3%), from €1.3m to €1.2m
Equity and liabilities
- Other debts +€804,083
up €804,083 (+271%), from €297,077 to €1.1m
- Reserves -€793,949
down €793,949 (-42.3%), from €1.9m to €1.1m
of which Distributable reserves: -€723,002
- Debts after one year -€105,718
down €105,718 (-12.9%), from €819,358 to €713,640
Income statement
- Financial income +€27,889
up €27,889 (+56.7%), from €49,195 to €77,084
- Depreciation +€18,174
up €18,174 (+6.6%), from €274,961 to €293,135
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.
Result 2024
€267,160
Gross operating margin
-€1,854
Staff costs
-€212
Depreciation
-€18,174
Other operating charges
+€3,561
Financial income
+€27,889
Financial charges
-€9,535
Taxes
-€606
Result 2025
€268,230
raises the resultlowers the result
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.
From operations
+€600,372
Investment
+€257,865
Financing
-€1.2m
Cash 2024
€560,170
From operations (derived)
+€600,372
Net result for the year
+€268,230
Depreciation
+€293,135
Receivables after one year
-€750,014
Stocks and contracts
+€20,541
Receivables within one year
+€3,665
Deferred charges and accrued income
-€822
Provisions
-€23,649
Trade debts
+€14,552
Tax, wage and social debts
-€26,231
Other debts
+€804,083
Accrued charges and deferred income
-€3,116
Investment (derived)
+€257,865
Investment in fixed assets (net)
+€162,223
Current investments
+€95,642
Financing
-€1.2m
Debts after one year
-€105,718
Current portion of long-term debt
+€16,600
Contributions, distributions and other
-€1.1m
Cash 2025
€267,109
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,590,280 | €4,472,851 | -€117,429 | -2.6% |
| Fixed assets | 21/28 | €1,784,075 | €1,328,718 | -€455,357 | -25.5% |
| Tangible fixed assets | 22/27 | €1,534,061 | €1,328,718 | -€205,343 | -13.4% |
| Plant, machinery and equipment | 23 | €308,219 | €174,197 | -€134,022 | -43.5% |
| Furniture and vehicles | 24 | €176,649 | €161,533 | -€15,116 | -8.6% |
| Other tangible fixed assets | 26 | €1,049,194 | €992,988 | -€56,205 | -5.4% |
| Financial fixed assets | 28 | €250,014 | €0 | -€250,014 | -100% |
| Current assets | 29/58 | €2,806,205 | €3,144,133 | +€337,929 | +12.0% |
| Amounts receivable after more than one year | 29 | €249,986 | €1,000,000 | +€750,014 | +300% |
| Other amounts receivable | 291 | €249,986 | €1,000,000 | +€750,014 | +300% |
| Stocks and contracts in progress | 3 | €508,515 | €487,975 | -€20,541 | -4.0% |
| Stocks | 30/36 | €508,515 | €487,975 | -€20,541 | -4.0% |
| Amounts receivable within one year | 40/41 | €155,999 | €152,334 | -€3,665 | -2.3% |
| Trade receivables | 40 | €151,014 | €104,477 | -€46,537 | -30.8% |
| Other amounts receivable | 41 | €4,985 | €47,858 | +€42,873 | +860% |
| Current investments | 50/53 | €1,313,123 | €1,217,481 | -€95,642 | -7.3% |
| Cash at bank and in hand | 54/58 | €560,170 | €267,109 | -€293,061 | -52.3% |
| Deferred charges and accrued income | 490/1 | €18,412 | €19,234 | +€822 | +4.5% |
| Total equity and liabilities | 10/49 | €4,590,280 | €4,472,851 | -€117,429 | -2.6% |
| Equity | 10/15 | €1,947,702 | €1,153,754 | -€793,949 | -40.8% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €1,877,702 | €1,083,754 | -€793,949 | -42.3% |
| Non-distributable reserves | 130/1 | €7,000 | €7,000 | = | 0.0% |
| Legal reserve | 130 | €7,000 | €7,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €605,083 | €534,136 | -€70,947 | -11.7% |
| Distributable reserves | 133 | €1,265,620 | €542,618 | -€723,002 | -57.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €180,759 | €157,110 | -€23,649 | -13.1% |
| Deferred taxes | 168 | €180,759 | €157,110 | -€23,649 | -13.1% |
| Amounts payable | 17/49 | €2,461,818 | €3,161,988 | +€700,169 | +28.4% |
| Amounts payable after more than one year | 17 | €819,358 | €713,640 | -€105,718 | -12.9% |
| Financial debts | 170/4 | €819,358 | €713,640 | -€105,718 | -12.9% |
| Amounts payable within one year | 42/48 | €1,432,801 | €2,241,804 | +€809,003 | +56.5% |
| Current portion of amounts payable after more than one year | 42 | €123,785 | €140,385 | +€16,600 | +13.4% |
| Trade debts | 44 | €902,004 | €916,556 | +€14,552 | +1.6% |
| Suppliers | 440/4 | €902,004 | €916,556 | +€14,552 | +1.6% |
| Taxes, remuneration and social security | 45 | €109,934 | €83,704 | -€26,231 | -23.9% |
| Taxes | 450/3 | €32,006 | €8,180 | -€23,826 | -74.4% |
| Remuneration and social security | 454/9 | €77,929 | €75,523 | -€2,405 | -3.1% |
| Other amounts payable | 47/48 | €297,077 | €1,101,159 | +€804,083 | +271% |
| Accrued charges and deferred income | 492/3 | €209,660 | €206,544 | -€3,116 | -1.5% |
| Remuneration, social security and pensions | 62 | €492,665 | €492,877 | +€212 | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €274,961 | €293,135 | +€18,174 | +6.6% |
| Other operating charges | 640/8 | €6,991 | €3,430 | -€3,561 | -50.9% |
| Gross operating margin | 9900 | €1,109,603 | €1,107,749 | -€1,854 | -0.2% |
| Operating profit (loss) | 9901 | €334,986 | €318,308 | -€16,678 | -5.0% |
| Financial income | 75/76B | €49,195 | €77,084 | +€27,889 | +56.7% |
| Recurring financial income | 75 | €49,195 | €77,084 | +€27,889 | +56.7% |
| Financial charges | 65/66B | €15,743 | €25,278 | +€9,535 | +60.6% |
| Recurring financial charges | 65 | €15,743 | €25,278 | +€9,535 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | €368,438 | €370,114 | +€1,676 | +0.5% |
| Transfer from deferred taxes | 780 | €23,649 | €23,649 | +€0 | 0.0% |
| Income taxes | 67/77 | €124,927 | €125,533 | +€606 | +0.5% |
| Profit (loss) for the period | 9904 | €267,160 | €268,230 | +€1,070 | +0.4% |
| Transfer from tax-exempt reserves | 789 | €70,947 | €70,947 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €338,107 | €339,177 | +€1,070 | +0.3% |
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 29 October 2026 via checked.be.