Theys: 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.
Theys
Largest movements
- Tangible fixed assets -€24,374
down €24,374 (-12.5%), from €194,342 to €169,969
of which Furniture and vehicles: -€15,487
- Cash +€8,407
up €8,407 (+111.1%), from €7,566 to €15,973
mainly Depreciation (+€24,570) and Other debts (+€11,262)
- Receivables within one year -€5,636
down €5,636 (-43.9%), from €12,828 to €7,193
of which Trade receivables: -€5,636
- Profit (loss) carried forward -€25,464
down €25,464 (-137.6%), from -€18,502 to -€43,966
- Other debts +€11,262
up €11,262 (+14.1%), from €79,753 to €91,015
- Debts after one year -€6,736
down €6,736 (-4.7%), from €144,096 to €137,360
- Depreciation +€4,691
up €4,691 (+23.6%), from €19,879 to €24,570
- Financial charges +€3,980
up €3,980 (+188.0%), from €2,117 to €6,097
- Gross operating margin -€1,334
down €1,334 (-14.2%), from €9,380 to €8,046
- Other operating charges +€1,070
up €1,070 (+71.9%), from €1,488 to €2,557
- Taxes +€205
up €205 (+255.6%), from €80 to €286
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.
Cash bridge derived
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 | €217,351 | €195,768 | -€21,583 | -9.9% |
| Fixed assets | 21/28 | €194,342 | €169,969 | -€24,374 | -12.5% |
| Tangible fixed assets | 22/27 | €194,342 | €169,969 | -€24,374 | -12.5% |
| Land and buildings | 22 | €160,355 | €152,139 | -€8,215 | -5.1% |
| Plant, machinery and equipment | 23 | €877 | €205 | -€672 | -76.6% |
| Furniture and vehicles | 24 | €33,111 | €17,624 | -€15,487 | -46.8% |
| Current assets | 29/58 | €23,009 | €25,799 | +€2,791 | +12.1% |
| Amounts receivable within one year | 40/41 | €12,828 | €7,193 | -€5,636 | -43.9% |
| Trade receivables | 40 | €12,828 | €7,193 | -€5,636 | -43.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €7,566 | €15,973 | +€8,407 | +111.1% |
| Deferred charges and accrued income | 490/1 | €2,614 | €2,634 | +€20 | +0.8% |
| Total equity and liabilities | 10/49 | €217,351 | €195,768 | -€21,583 | -9.9% |
| Equity | 10/15 | -€17,502 | -€42,966 | -€25,464 | -145.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,502 | -€43,966 | -€25,464 | -137.6% |
| Amounts payable | 17/49 | €234,853 | €238,734 | +€3,880 | +1.7% |
| Amounts payable after more than one year | 17 | €144,096 | €137,360 | -€6,736 | -4.7% |
| Financial debts | 170/4 | €144,096 | €137,360 | -€6,736 | -4.7% |
| Amounts payable within one year | 42/48 | €90,757 | €101,374 | +€10,616 | +11.7% |
| Current portion of amounts payable after more than one year | 42 | €8,707 | €6,736 | -€1,971 | -22.6% |
| Trade debts | 44 | €554 | €936 | +€383 | +69.1% |
| Suppliers | 440/4 | €554 | €936 | +€383 | +69.1% |
| Taxes, remuneration and social security | 45 | €1,743 | €2,686 | +€942 | +54.1% |
| Taxes | 450/3 | €1,743 | €1,189 | -€555 | -31.8% |
| Remuneration and social security | 454/9 | - | €1,497 | +€1,497 | |
| Other amounts payable | 47/48 | €79,753 | €91,015 | +€11,262 | +14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,879 | €24,570 | +€4,691 | +23.6% |
| Other operating charges | 640/8 | €1,488 | €2,557 | +€1,070 | +71.9% |
| Gross operating margin | 9900 | €9,380 | €8,046 | -€1,334 | -14.2% |
| Operating profit (loss) | 9901 | -€11,987 | -€19,081 | -€7,095 | -59.2% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100.0% |
| Financial charges | 65/66B | €2,117 | €6,097 | +€3,980 | +188.0% |
| Recurring financial charges | 65 | €2,117 | €6,097 | +€3,980 | +188.0% |
| Profit (loss) for the period before taxes | 9903 | -€14,103 | -€25,178 | -€11,075 | -78.5% |
| Income taxes | 67/77 | €80 | €286 | +€205 | +255.6% |
| Profit (loss) for the period | 9904 | -€14,183 | -€25,464 | -€11,280 | -79.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€14,183 | -€25,464 | -€11,280 | -79.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.