THEUMA VASTGOED: 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.
THEUMA VASTGOED
Largest movements
- Tangible fixed assets +€347,684
up €347,684 (+11.7%), from €3.0m to €3.3m
- Cash -€160,345
down €160,345 (-74.8%), from €214,237 to €53,891
mainly Other debts (-€1.1m) and Debts after one year (-€930,000)
- Receivables within one year -€131,620
down €131,620 (-7.0%), from €1.9m to €1.7m
of which Trade receivables: -€203,821
- Reserves +€3.0m
up €3.0m (+602%), from €494,262 to €3.5m
of which Distributable reserves: +€3.0m
- Profit (loss) carried forward -€1.9m
down €1.9m (-100%), from €1.9m to €0
- Other debts -€1.1m
down €1.1m (-84.3%), from €1.3m to €204,008
- Debts after one year -€930,000
down €930,000 (-100%), from €930,000 to €0
- Current portion of long-term debt +€930,000
up €930,000, from €0 to €930,000
- Gross operating margin +€50,216
up €50,216 (+2.9%), from €1.7m to €1.8m
- Other operating charges +€35,830
up €35,830 (+14.3%), from €251,057 to €286,887
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 | €5,267,884 | €5,272,061 | +€4,177 | +0.1% |
| Fixed assets | 21/28 | €2,973,178 | €3,320,680 | +€347,502 | +11.7% |
| Intangible fixed assets | 21 | €907 | €726 | -€182 | -20.0% |
| Tangible fixed assets | 22/27 | €2,972,271 | €3,319,955 | +€347,684 | +11.7% |
| Land and buildings | 22 | €2,972,271 | €3,319,955 | +€347,684 | +11.7% |
| Current assets | 29/58 | €2,294,705 | €1,951,381 | -€343,325 | -15.0% |
| Amounts receivable within one year | 40/41 | €1,872,668 | €1,741,048 | -€131,620 | -7.0% |
| Trade receivables | 40 | €507,668 | €303,847 | -€203,821 | -40.1% |
| Other amounts receivable | 41 | €1,365,000 | €1,437,201 | +€72,201 | +5.3% |
| Cash at bank and in hand | 54/58 | €214,237 | €53,891 | -€160,345 | -74.8% |
| Deferred charges and accrued income | 490/1 | €207,801 | €156,441 | -€51,359 | -24.7% |
| Total equity and liabilities | 10/49 | €5,267,884 | €5,272,061 | +€4,177 | +0.1% |
| Equity | 10/15 | €2,738,422 | €3,779,471 | +€1.0m | +38.0% |
| Contributions | 10/11 | €308,548 | €308,548 | = | 0.0% |
| Capital | 10 | €308,548 | €308,548 | = | 0.0% |
| Issued capital | 100 | €308,548 | €308,548 | = | 0.0% |
| Reserves | 13 | €494,262 | €3,470,923 | +€3.0m | +602% |
| Non-distributable reserves | 130/1 | €30,855 | €30,855 | = | 0.0% |
| Legal reserve | 130 | €30,855 | €30,855 | = | 0.0% |
| Distributable reserves | 133 | €463,407 | €3,440,069 | +€3.0m | +642% |
| Profit (loss) carried forward | 14 | €1,935,612 | €0 | -€1.9m | -100% |
| Amounts payable | 17/49 | €2,529,462 | €1,492,590 | -€1.0m | -41.0% |
| Amounts payable after more than one year | 17 | €930,000 | €0 | -€930,000 | -100% |
| Financial debts | 170/4 | €930,000 | €0 | -€930,000 | -100% |
| Amounts payable within one year | 42/48 | €1,576,315 | €1,461,678 | -€114,637 | -7.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €930,000 | +€930,000 | |
| Financial debts | 43 | €254,474 | €211,619 | -€42,855 | -16.8% |
| Credit institutions | 430/8 | €254,474 | €211,619 | -€42,855 | -16.8% |
| Trade debts | 44 | €6,928 | €63,391 | +€56,464 | +815% |
| Suppliers | 440/4 | €6,928 | €63,391 | +€56,464 | +815% |
| Taxes, remuneration and social security | 45 | €14,913 | €52,659 | +€37,746 | +253% |
| Taxes | 450/3 | €14,913 | €52,659 | +€37,746 | +253% |
| Other amounts payable | 47/48 | €1,300,000 | €204,008 | -€1.1m | -84.3% |
| Accrued charges and deferred income | 492/3 | €23,147 | €30,912 | +€7,765 | +33.5% |
| Turnover | 70 | €1,875,744 | €1,885,844 | +€10,100 | +0.5% |
| Goods, raw materials, services and sundry goods | 60/61 | €200,104 | €189,617 | -€10,487 | -5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,886 | €88,664 | +€10,778 | +13.8% |
| Other operating charges | 640/8 | €251,057 | €286,887 | +€35,830 | +14.3% |
| Gross operating margin | 9900 | €1,720,547 | €1,770,763 | +€50,216 | +2.9% |
| Operating profit (loss) | 9901 | €1,391,605 | €1,395,213 | +€3,608 | +0.3% |
| Financial income | 75/76B | €63,154 | €49,003 | -€14,151 | -22.4% |
| Recurring financial income | 75 | €63,154 | €49,003 | -€14,151 | -22.4% |
| Financial charges | 65/66B | €51,452 | €53,215 | +€1,763 | +3.4% |
| Recurring financial charges | 65 | €51,452 | €53,215 | +€1,763 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | €1,403,307 | €1,391,000 | -€12,307 | -0.9% |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Income taxes | 67/77 | €352,913 | €349,951 | -€2,962 | -0.8% |
| Profit (loss) for the period | 9904 | €1,050,394 | €1,041,049 | -€9,345 | -0.9% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €1,050,394 | €1,041,049 | -€9,345 | -0.9% |
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 30 October 2026 via checked.be.