THEUMA: what changed
What changed
THEUMA
NACE 16.210, Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
filed annual accounts (NBB)
Net result for the year
€137,399
2023 · -€3.7m+€3.8m
Equity
€10.0m
2023 · €9.8m+€137,399
Cash
€189,490
2023 · €303,724-€114,234
Balance sheet total
€35.4m
2023 · €35.8m-€392,880
Largest movements
Assets
- Fixed assets +€1.5m
up €1.5m (+6.3%), from €23.2m to €24.7m
of which Financial fixed assets: +€12.0m
- Receivables within one year -€1.3m
down €1.3m (-21.9%), from €5.8m to €4.5m
of which Trade receivables: -€836,442
- Stocks and contracts -€465,359
down €465,359 (-7.2%), from €6.5m to €6.0m
Equity and liabilities
- Debts within one year -€1.9m
down €1.9m (-11.7%), from €16.5m to €14.6m
- Debts after one year +€1.4m
up €1.4m (+15.5%), from €9.3m to €10.8m
Income statement
- Goods and materials +€21.1m
new in 2024: €21.1m
- Financial charges -€3.4m
down €3.4m (-59.6%), from €5.7m to €2.3m
of which Non-recurring financial charges: -€3.5m
- Turnover -€2.7m
down €2.7m (-5.2%), from €52.7m to €50.0m
- Depreciation +€729,005
up €729,005 (+31.4%), from €2.3m to €3.0m
Change in the result, 2023 to 2024
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2023
-€3.7m
Turnover
-€2.7m
Other operating income
+€148,395
Goods and materials
-€21.1m
Services and other goods
+€419,762
Staff costs
+€469,734
Depreciation
-€729,005
Other operating charges
+€2,267
Other operating items
+€23.5m
Financial income
+€507,135
Financial charges
+€3.4m
Taxes
-€41
Deferred taxes and other
-€40,921
Result 2024
€137,399
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2023 and 2024 balance sheets and the 2024 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€3.0m
Investment
-€4.5m
Financing
+€1.4m
Cash 2023
€303,724
From operations (derived)
+€3.0m
Net result for the year
+€137,399
Depreciation
+€3.0m
Stocks and contracts
+€465,359
Receivables within one year
+€1.3m
Smaller working-capital items
+€8,854
Debts within one year
-€1.9m
Accrued charges and deferred income
-€48,147
Investment (derived)
-€4.5m
Investment in fixed assets (net)
-€4.5m
Financing
+€1.4m
Debts after one year
+€1.4m
Cash 2024
€189,490
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,825,988 | €35,433,108 | -€392,880 | -1.1% |
| Fixed assets | 21/28 | €23,234,135 | €24,703,221 | +€1.5m | +6.3% |
| Intangible fixed assets | 21 | - | €3,172,113 | +€3.2m | |
| Tangible fixed assets | 22/27 | - | €9,550,661 | +€9.6m | |
| Plant, machinery and equipment | 23 | €1,662,252 | €1,838,711 | +€176,459 | +10.6% |
| Furniture and vehicles | 24 | €348,754 | €372,206 | +€23,452 | +6.7% |
| Leasing and similar rights | 25 | €6,368,390 | €6,819,891 | +€451,501 | +7.1% |
| Other tangible fixed assets | 26 | €219,209 | €199,245 | -€19,964 | -9.1% |
| Assets under construction and advance payments | 27 | €2,249,804 | €320,608 | -€1.9m | -85.7% |
| Financial fixed assets | 28 | - | €11,980,447 | +€12.0m | |
| Affiliated companies | 280/1 | €8,603,718 | €11,980,447 | +€3.4m | +39.2% |
| Amounts receivable | 281 | €8,603,718 | €11,980,447 | +€3.4m | +39.2% |
| Current assets | 29/58 | €12,591,853 | €10,729,887 | -€1.9m | -14.8% |
| Stocks and contracts in progress | 3 | €6,456,644 | €5,991,285 | -€465,359 | -7.2% |
| Stocks | 30/36 | €6,456,644 | €5,991,285 | -€465,359 | -7.2% |
| Raw materials and consumables | 30/31 | €3,606,201 | €3,862,197 | +€255,996 | +7.1% |
| Work in progress | 32 | €723,979 | €241,607 | -€482,372 | -66.6% |
| Finished goods | 33 | €2,097,686 | €1,858,702 | -€238,984 | -11.4% |
| Goods purchased for resale | 34 | €28,778 | €28,779 | +€1 | 0.0% |
| Amounts receivable within one year | 40/41 | €5,806,054 | €4,532,534 | -€1.3m | -21.9% |
| Trade receivables | 40 | €5,288,301 | €4,451,859 | -€836,442 | -15.8% |
| Other amounts receivable | 41 | €517,753 | €80,675 | -€437,078 | -84.4% |
| Cash at bank and in hand | 54/58 | €303,724 | €189,490 | -€114,234 | -37.6% |
| Deferred charges and accrued income | 490/1 | €25,431 | €16,578 | -€8,853 | -34.8% |
| Total equity and liabilities | 10/49 | €35,825,988 | €35,433,108 | -€392,880 | -1.1% |
| Equity | 10/15 | €9,843,668 | €9,981,067 | +€137,399 | +1.4% |
| Contributions | 10/11 | €4,792,534 | €4,792,534 | = | 0.0% |
| Capital | 10 | €4,781,753 | €4,781,753 | = | 0.0% |
| Issued capital | 100 | €4,781,753 | €4,781,753 | = | 0.0% |
| Contributions outside capital | 11 | - | €10,781 | +€10,781 | |
| Share premium | 1100/10 | - | €10,781 | +€10,781 | |
| Reserves | 13 | €478,175 | €478,176 | +€1 | 0.0% |
| Non-distributable reserves | 130/1 | €478,175 | €478,176 | +€1 | 0.0% |
| Legal reserve | 130 | €478,175 | €478,176 | +€1 | 0.0% |
| Profit (loss) carried forward | 14 | - | €4,710,357 | +€4.7m | |
| Provisions and deferred taxes | 16 | €662 | €663 | +€1 | +0.2% |
| Provisions for liabilities and charges | 160/5 | - | €663 | +€663 | |
| Pensions and similar obligations | 160 | €662 | €663 | +€1 | +0.2% |
| Amounts payable | 17/49 | €25,981,658 | €25,451,378 | -€530,280 | -2.0% |
| Amounts payable after more than one year | 17 | €9,320,959 | €10,768,355 | +€1.4m | +15.5% |
| Financial debts | 170/4 | €9,320,959 | €10,768,355 | +€1.4m | +15.5% |
| Subordinated loans | 170 | - | €1,820,319 | +€1.8m | |
| Leasing and similar obligations | 172 | €5,579,292 | €4,113,385 | -€1.5m | -26.3% |
| Credit institutions | 173 | €1,741,667 | €1,108,333 | -€633,334 | -36.4% |
| Other loans | 174 | €2,000,000 | €3,726,318 | +€1.7m | +86.3% |
| Amounts payable within one year | 42/48 | €16,479,569 | €14,550,040 | -€1.9m | -11.7% |
| Current portion of amounts payable after more than one year | 42 | €1,896,765 | €2,002,776 | +€106,011 | +5.6% |
| Financial debts | 43 | €5,868,844 | €5,243,010 | -€625,834 | -10.7% |
| Credit institutions | 430/8 | €5,868,844 | €5,243,010 | -€625,834 | -10.7% |
| Trade debts | 44 | - | €5,488,807 | +€5.5m | |
| Suppliers | 440/4 | - | €5,488,807 | +€5.5m | |
| Advances received on contracts in progress | 46 | €68,108 | - | -€68,108 | |
| Taxes, remuneration and social security | 45 | €2,092,013 | €1,510,870 | -€581,143 | -27.8% |
| Taxes | 450/3 | €340,987 | €95,939 | -€245,048 | -71.9% |
| Remuneration and social security | 454/9 | - | €1,414,931 | +€1.4m | |
| Other amounts payable | 47/48 | €258,353 | €304,577 | +€46,224 | +17.9% |
| Accrued charges and deferred income | 492/3 | €181,130 | €132,983 | -€48,147 | -26.6% |
| Operating income | 70/76A | €54,814,445 | €51,799,636 | -€3.0m | -5.5% |
| Turnover | 70 | €52,736,756 | €49,995,395 | -€2.7m | -5.2% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | -€299,513 | -€721,356 | -€421,843 | -141% |
| Other operating income | 74 | €2,377,202 | €2,525,597 | +€148,395 | +6.2% |
| Operating charges | 60/66A | €53,045,870 | €50,073,090 | -€3.0m | -5.6% |
| Goods for resale, raw materials and consumables | 60 | - | €21,107,244 | +€21.1m | |
| Change in stocks: decrease (increase) | 609 | €649,520 | -€255,996 | -€905,516 | |
| Services and other goods | 61 | €14,848,057 | €14,428,295 | -€419,762 | -2.8% |
| Remuneration, social security and pensions | 62 | €11,739,075 | €11,269,341 | -€469,734 | -4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,320,078 | €3,049,083 | +€729,005 | +31.4% |
| Other operating charges | 640/8 | €7,445 | €5,178 | -€2,267 | -30.4% |
| Non-recurring operating charges | 66A | - | €213,949 | +€213,949 | |
| Operating profit (loss) | 9901 | €1,768,575 | €1,726,546 | -€42,029 | -2.4% |
| Recurring financial income | 75 | €221,247 | €728,382 | +€507,135 | +229% |
| Income from financial fixed assets | 750 | - | €459,819 | +€459,819 | |
| Income from current assets | 751 | €37,770 | €55,859 | +€18,089 | +47.9% |
| Other financial income | 752/9 | €183,477 | €212,704 | +€29,227 | +15.9% |
| Financial charges | 65/66B | €5,733,479 | €2,317,529 | -€3.4m | -59.6% |
| Recurring financial charges | 65 | €733,479 | €817,529 | +€84,050 | +11.5% |
| Debt charges | 650 | €380,490 | €563,873 | +€183,383 | +48.2% |
| Other financial charges | 652/9 | €352,989 | €253,656 | -€99,333 | -28.1% |
| Non-recurring financial charges | 66B | €5,000,000 | €1,500,000 | -€3.5m | -70.0% |
| Profit (loss) for the period before taxes | 9903 | -€3,743,657 | €137,399 | +€3.9m | |
| Income taxes | 67/77 | -€41 | - | +€41 | |
| Tax adjustments and reversals of tax provisions | 77 | €40,962 | - | -€40,962 | |
| Profit (loss) for the period | 9904 | -€3,702,695 | €137,399 | +€3.8m | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,702,695 | €137,399 | +€3.8m |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.