Theuwen: 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.
Theuwen
Largest movements
- Tangible fixed assets -€5,774
down €5,774 (-35.9%), from €16,075 to €10,301
of which Leasing and similar rights: -€5,381
- Cash -€3,898
down €3,898 (-9.6%), from €40,749 to €36,852
mainly Tax, wage and social debts (-€5,498) and Debts after one year (-€4,799)
- Receivables within one year -€2,135
down €2,135 (-20.7%), from €10,325 to €8,191
of which Trade receivables: -€6,446
- Deferred charges and accrued income -€1,224
down €1,224 (-18.9%), from €6,479 to €5,255
- Tax, wage and social debts -€5,498
down €5,498 (-57.0%), from €9,638 to €4,140
- Debts after one year -€4,799
down €4,799 (-59.6%), from €8,058 to €3,259
- Trade debts -€2,531
down €2,531 (-65.2%), from €3,885 to €1,353
- Gross operating margin -€30,969
down €30,969 (-76.4%), from €40,559 to €9,591
- Taxes -€8,498
down €8,498 (-88.2%), from €9,638 to €1,140
- Financial charges -€478
down €478 (-23.0%), from €2,077 to €1,599
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 | €73,629 | €60,598 | -€13,031 | -17.7% |
| Fixed assets | 21/28 | €16,075 | €10,301 | -€5,774 | -35.9% |
| Tangible fixed assets | 22/27 | €16,075 | €10,301 | -€5,774 | -35.9% |
| Plant, machinery and equipment | 23 | €405 | €297 | -€108 | -26.6% |
| Furniture and vehicles | 24 | €1,224 | €938 | -€286 | -23.3% |
| Leasing and similar rights | 25 | €14,447 | €9,066 | -€5,381 | -37.2% |
| Current assets | 29/58 | €57,554 | €50,297 | -€7,257 | -12.6% |
| Amounts receivable within one year | 40/41 | €10,325 | €8,191 | -€2,135 | -20.7% |
| Trade receivables | 40 | €9,636 | €3,190 | -€6,446 | -66.9% |
| Other amounts receivable | 41 | €689 | €5,001 | +€4,312 | +626% |
| Cash at bank and in hand | 54/58 | €40,749 | €36,852 | -€3,898 | -9.6% |
| Deferred charges and accrued income | 490/1 | €6,479 | €5,255 | -€1,224 | -18.9% |
| Total equity and liabilities | 10/49 | €73,629 | €60,598 | -€13,031 | -17.7% |
| Equity | 10/15 | €46,808 | €46,673 | -€135 | -0.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €43,808 | €43,808 | = | 0.0% |
| Distributable reserves | 133 | €43,808 | €43,808 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€135 | -€135 | |
| Amounts payable | 17/49 | €26,821 | €13,926 | -€12,896 | -48.1% |
| Amounts payable after more than one year | 17 | €8,058 | €3,259 | -€4,799 | -59.6% |
| Financial debts | 170/4 | €8,058 | €3,259 | -€4,799 | -59.6% |
| Amounts payable within one year | 42/48 | €18,763 | €10,667 | -€8,096 | -43.2% |
| Current portion of amounts payable after more than one year | 42 | €4,695 | €4,799 | +€104 | +2.2% |
| Trade debts | 44 | €3,885 | €1,353 | -€2,531 | -65.2% |
| Suppliers | 440/4 | €3,885 | €1,353 | -€2,531 | -65.2% |
| Taxes, remuneration and social security | 45 | €9,638 | €4,140 | -€5,498 | -57.0% |
| Taxes | 450/3 | €9,638 | €4,140 | -€5,498 | -57.0% |
| Other amounts payable | 47/48 | €546 | €374 | -€171 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,693 | €5,774 | +€81 | +1.4% |
| Other operating charges | 640/8 | €850 | €1,223 | +€373 | +43.8% |
| Gross operating margin | 9900 | €40,559 | €9,591 | -€30,969 | -76.4% |
| Operating profit (loss) | 9901 | €34,016 | €2,594 | -€31,422 | -92.4% |
| Financial income | 75/76B | €0 | €10 | +€10 | +50,000% |
| Recurring financial income | 75 | €0 | €10 | +€10 | +50,000% |
| Financial charges | 65/66B | €2,077 | €1,599 | -€478 | -23.0% |
| Recurring financial charges | 65 | €2,077 | €1,599 | -€478 | -23.0% |
| Profit (loss) for the period before taxes | 9903 | €31,939 | €1,005 | -€30,934 | -96.9% |
| Income taxes | 67/77 | €9,638 | €1,140 | -€8,498 | -88.2% |
| Profit (loss) for the period | 9904 | €22,301 | -€135 | -€22,436 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,301 | -€135 | -€22,436 |
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 30 October 2026 via checked.be.