THEVA: what changed
Two fiscal 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.
THEVA
Largest movements
- Receivables after one year +€210,015
new in 2024: €210,015
- Receivables within one year -€194,846
down €194,846 (-97.5%), from €199,942 to €5,097
of which Other amounts receivable: -€194,846
- Cash -€11,718
down €11,718 (-40.1%), from €29,229 to €17,511
mainly Receivables after one year (-€210,015) and Contributions, distributions and other (-€39,000)
- Other debts -€25,500
down €25,500 (-43.5%), from €58,650 to €33,150
- Tax, wage and social debts +€24,592
up €24,592 (+18.5%), from €132,817 to €157,409
- Trade debts +€7,618
up €7,618 (+137.4%), from €5,544 to €13,163
- Gross operating margin -€14,787
down €14,787 (-18.5%), from €80,037 to €65,250
- Financial charges +€7,535
up €7,535 (+692.5%), from €1,088 to €8,623
- Other operating charges +€4,977
up €4,977 (+156.3%), from €3,184 to €8,161
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €230,694 | €235,386 | +€4,693 | +2.0% |
| Fixed assets | 21/28 | €1,522 | €570 | -€952 | -62.5% |
| Tangible fixed assets | 22/27 | €1,497 | €545 | -€952 | -63.6% |
| Furniture and vehicles | 24 | €1,497 | €545 | -€952 | -63.6% |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €229,172 | €234,816 | +€5,645 | +2.5% |
| Amounts receivable after more than one year | 29 | - | €210,015 | +€210,015 | |
| Other amounts receivable | 291 | - | €210,015 | +€210,015 | |
| Amounts receivable within one year | 40/41 | €199,942 | €5,097 | -€194,846 | -97.5% |
| Trade receivables | 40 | €4,088 | €4,088 | = | 0.0% |
| Other amounts receivable | 41 | €195,855 | €1,009 | -€194,846 | -99.5% |
| Cash at bank and in hand | 54/58 | €29,229 | €17,511 | -€11,718 | -40.1% |
| Deferred charges and accrued income | 490/1 | €0 | €2,194 | +€2,194 | |
| Total equity and liabilities | 10/49 | €230,694 | €235,386 | +€4,693 | +2.0% |
| Equity | 10/15 | €20,786 | €20,558 | -€229 | -1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €326 | €98 | -€229 | -70.1% |
| Amounts payable | 17/49 | €209,907 | €214,829 | +€4,921 | +2.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €209,907 | €214,829 | +€4,921 | +2.3% |
| Current portion of amounts payable after more than one year | 42 | €12,896 | €11,108 | -€1,788 | -13.9% |
| Trade debts | 44 | €5,544 | €13,163 | +€7,618 | +137.4% |
| Suppliers | 440/4 | €5,544 | €13,163 | +€7,618 | +137.4% |
| Taxes, remuneration and social security | 45 | €132,817 | €157,409 | +€24,592 | +18.5% |
| Taxes | 450/3 | €132,817 | €157,409 | +€24,592 | +18.5% |
| Other amounts payable | 47/48 | €58,650 | €33,150 | -€25,500 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952 | €952 | +€0 | 0.0% |
| Other operating charges | 640/8 | €3,184 | €8,161 | +€4,977 | +156.3% |
| Gross operating margin | 9900 | €80,037 | €65,250 | -€14,787 | -18.5% |
| Operating profit (loss) | 9901 | €75,901 | €56,136 | -€19,764 | -26.0% |
| Financial income | 75/76B | €11,510 | €12,305 | +€795 | +6.9% |
| Recurring financial income | 75 | €11,510 | €12,305 | +€795 | +6.9% |
| Financial charges | 65/66B | €1,088 | €8,623 | +€7,535 | +692.5% |
| Recurring financial charges | 65 | €1,088 | €8,623 | +€7,535 | +692.5% |
| Profit (loss) for the period before taxes | 9903 | €86,322 | €59,818 | -€26,504 | -30.7% |
| Income taxes | 67/77 | €20,581 | €21,047 | +€466 | +2.3% |
| Profit (loss) for the period | 9904 | €65,741 | €38,771 | -€26,970 | -41.0% |
| Profit (loss) for the period to be appropriated | 9905 | €65,741 | €38,771 | -€26,970 | -41.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.