Theuma Group: 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
Theuma Group
NACE 16.281, Manufacture of other wood products
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.9m
2024 · -€1.8m-€62,893
Equity
€5.7m
2024 · €7.6m-€1.9m
Cash
€1,919
2024 · €2,592-€673
Balance sheet total
€36.3m
2024 · €35.5m+€859,193
Largest movements
Assets
- Receivables within one year +€861,912
up €861,912 (+21.1%), from €4.1m to €4.9m
of which Other amounts receivable: +€973,459
Equity and liabilities
- Profit (loss) carried forward -€1.9m
down €1.9m (-92.5%), from -€2.0m to -€3.9m
- Debts after one year +€1.8m
up €1.8m (+8.3%), from €22.1m to €23.9m
- Other debts +€880,000
up €880,000 (+64.7%), from €1.4m to €2.2m
Income statement
- Financial charges +€181,757
up €181,757 (+9.6%), from €1.9m to €2.1m
- Turnover -€63,231
down €63,231 (-5.3%), from €1.2m to €1.1m
- Financial income +€59,991
up €59,991 (+66.8%), from €89,827 to €149,819
- Services and other goods -€18,418
down €18,418 (-1.7%), from €1.1m to €1.1m
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
-€1.8m
Turnover
-€63,231
Services and other goods
+€18,418
Other operating charges
-€2,735
Other operating items
+€106,422
Financial income
+€59,991
Financial charges
-€181,757
Result 2025
-€1.9m
raises the resultlowers the resultnot broken down further in the accounts
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
-€1.9m
Investment
€0
Financing
+€1.9m
Cash 2024
€2,592
From operations (derived)
-€1.9m
Net result for the year
-€1.9m
Receivables within one year
-€861,912
Deferred charges and accrued income
+€2,046
Trade debts
-€225,615
Tax, wage and social debts
+€23,110
Other debts
+€880,000
Accrued charges and deferred income
+€167,456
Financing
+€1.9m
Debts after one year
+€1.8m
Short-term financial debts
+€82,039
Cash 2025
€1,919
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €35,481,337 | €36,340,530 | +€859,193 | +2.4% |
| Fixed assets | 21/28 | €31,397,750 | €31,397,750 | = | 0.0% |
| Financial fixed assets | 28 | €31,397,750 | €31,397,750 | = | 0.0% |
| Affiliated companies | 280/1 | €31,397,750 | €31,397,750 | = | 0.0% |
| Participating interests | 280 | €31,397,750 | €31,397,750 | = | 0.0% |
| Current assets | 29/58 | €4,083,587 | €4,942,780 | +€859,193 | +21.0% |
| Amounts receivable within one year | 40/41 | €4,078,949 | €4,940,861 | +€861,912 | +21.1% |
| Trade receivables | 40 | €111,547 | - | -€111,547 | |
| Other amounts receivable | 41 | €3,967,403 | €4,940,861 | +€973,459 | +24.5% |
| Cash at bank and in hand | 54/58 | €2,592 | €1,919 | -€673 | -26.0% |
| Deferred charges and accrued income | 490/1 | €2,046 | - | -€2,046 | |
| Total equity and liabilities | 10/49 | €35,481,337 | €36,340,530 | +€859,193 | +2.4% |
| Equity | 10/15 | €7,596,510 | €5,701,557 | -€1.9m | -24.9% |
| Contributions | 10/11 | €9,480,354 | €9,480,354 | = | 0.0% |
| Capital | 10 | €9,480,354 | €9,480,354 | = | 0.0% |
| Issued capital | 100 | €9,480,354 | €9,480,354 | = | 0.0% |
| Reserves | 13 | €164,855 | €164,855 | = | 0.0% |
| Non-distributable reserves | 130/1 | €85,000 | €85,000 | = | 0.0% |
| Legal reserve | 130 | €85,000 | €85,000 | = | 0.0% |
| Distributable reserves | 133 | €79,855 | €79,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,048,699 | -€3,943,651 | -€1.9m | -92.5% |
| Amounts payable | 17/49 | €27,884,827 | €30,638,973 | +€2.8m | +9.9% |
| Amounts payable after more than one year | 17 | €22,104,803 | €23,931,958 | +€1.8m | +8.3% |
| Financial debts | 170/4 | €22,104,803 | €23,931,958 | +€1.8m | +8.3% |
| Subordinated loans | 170 | €20,924,714 | €22,654,591 | +€1.7m | +8.3% |
| Other loans | 174 | €1,180,089 | €1,277,367 | +€97,277 | +8.2% |
| Amounts payable within one year | 42/48 | €5,703,640 | €6,463,175 | +€759,535 | +13.3% |
| Financial debts | 43 | €4,035,714 | €4,117,753 | +€82,039 | +2.0% |
| Credit institutions | 430/8 | €4,035,714 | €4,117,753 | +€82,039 | +2.0% |
| Trade debts | 44 | €306,926 | €81,312 | -€225,615 | -73.5% |
| Suppliers | 440/4 | €306,926 | €81,312 | -€225,615 | -73.5% |
| Taxes, remuneration and social security | 45 | - | €23,110 | +€23,110 | |
| Taxes | 450/3 | - | €23,110 | +€23,110 | |
| Other amounts payable | 47/48 | €1,361,000 | €2,241,000 | +€880,000 | +64.7% |
| Accrued charges and deferred income | 492/3 | €76,384 | €243,840 | +€167,456 | +219% |
| Operating income | 70/76A | €1,190,326 | €1,127,095 | -€63,231 | -5.3% |
| Turnover | 70 | €1,190,326 | €1,127,095 | -€63,231 | -5.3% |
| Operating charges | 60/66A | €1,214,060 | €1,091,955 | -€122,104 | -10.1% |
| Services and other goods | 61 | €1,105,909 | €1,087,492 | -€18,418 | -1.7% |
| Other operating charges | 640/8 | €1,728 | €4,464 | +€2,735 | +158% |
| Non-recurring operating charges | 66A | €106,422 | - | -€106,422 | |
| Operating profit (loss) | 9901 | -€23,733 | €35,140 | +€58,873 | |
| Financial income | 75/76B | €89,827 | €149,819 | +€59,991 | +66.8% |
| Recurring financial income | 75 | €89,827 | €149,819 | +€59,991 | +66.8% |
| Income from current assets | 751 | €89,824 | €149,819 | +€59,994 | +66.8% |
| Other financial income | 752/9 | €3 | - | -€3 | |
| Financial charges | 65/66B | €1,898,154 | €2,079,911 | +€181,757 | +9.6% |
| Recurring financial charges | 65 | €1,898,154 | €2,079,911 | +€181,757 | +9.6% |
| Debt charges | 650 | €1,897,076 | €2,078,719 | +€181,643 | +9.6% |
| Other financial charges | 652/9 | €1,078 | €1,191 | +€114 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,832,060 | -€1,894,953 | -€62,893 | -3.4% |
| Profit (loss) for the period | 9904 | -€1,832,060 | -€1,894,953 | -€62,893 | -3.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,832,060 | -€1,894,953 | -€62,893 | -3.4% |
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 22 October 2026 via checked.be.