Anthony Dechamps: 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.
Anthony Dechamps
Largest movements
- Cash +€48,663
up €48,663 (+50.5%), from €96,295 to €144,958
mainly Net result for the year (+€76,347) and Trade debts (+€43,651)
- Receivables within one year +€4,541
up €4,541 (+5.5%), from €82,036 to €86,577
- Trade debts +€43,651
up €43,651 (+2,912%), from €1,499 to €45,150
of which Bills of exchange payable: +€37,883
- Provisions +€16,179
new in 2025: €16,179
- Tax, wage and social debts -€9,436
down €9,436 (-14.4%), from €65,448 to €56,012
of which Remuneration and social security: -€5,356
- Staff costs +€29,662
up €29,662 (+64.0%), from €46,321 to €75,983
- Gross operating margin +€22,849
up €22,849 (+12.5%), from €182,414 to €205,263
- Provisions +€16,179
new in 2025: €16,179
- Taxes -€5,126
down €5,126 (-14.6%), from €35,122 to €29,996
- Financial charges +€2,633
up €2,633 (+404%), from €651 to €3,284
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 | €181,131 | €233,690 | +€52,559 | +29.0% |
| Fixed assets | 21/28 | €2,355 | €1,487 | -€868 | -36.8% |
| Tangible fixed assets | 22/27 | €2,355 | €1,487 | -€868 | -36.8% |
| Plant, machinery and equipment | 23 | €2,355 | €258 | -€2,097 | -89.1% |
| Other tangible fixed assets | 26 | - | €1,230 | +€1,230 | |
| Current assets | 29/58 | €178,776 | €232,202 | +€53,426 | +29.9% |
| Amounts receivable within one year | 40/41 | €82,036 | €86,577 | +€4,541 | +5.5% |
| Trade receivables | 40 | €82,036 | €86,577 | +€4,541 | +5.5% |
| Cash at bank and in hand | 54/58 | €96,295 | €144,958 | +€48,663 | +50.5% |
| Deferred charges and accrued income | 490/1 | €445 | €668 | +€223 | +50.1% |
| Total equity and liabilities | 10/49 | €181,131 | €233,690 | +€52,559 | +29.0% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Provisions and deferred taxes | 16 | - | €16,179 | +€16,179 | |
| Provisions for liabilities and charges | 160/5 | - | €16,179 | +€16,179 | |
| Other liabilities and charges | 164/5 | - | €16,179 | +€16,179 | |
| Amounts payable | 17/49 | €178,131 | €214,511 | +€36,380 | +20.4% |
| Amounts payable within one year | 42/48 | €178,131 | €214,511 | +€36,380 | +20.4% |
| Trade debts | 44 | €1,499 | €45,150 | +€43,651 | +2,912% |
| Suppliers | 440/4 | €1,499 | €7,267 | +€5,768 | +385% |
| Bills of exchange payable | 441 | - | €37,883 | +€37,883 | |
| Taxes, remuneration and social security | 45 | €65,448 | €56,012 | -€9,436 | -14.4% |
| Taxes | 450/3 | €49,128 | €45,048 | -€4,080 | -8.3% |
| Remuneration and social security | 454/9 | €16,320 | €10,964 | -€5,356 | -32.8% |
| Other amounts payable | 47/48 | €111,184 | €113,348 | +€2,164 | +1.9% |
| Remuneration, social security and pensions | 62 | €46,321 | €75,983 | +€29,662 | +64.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,629 | €867 | -€762 | -46.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €16,179 | +€16,179 | |
| Other operating charges | 640/8 | €1,807 | €2,608 | +€801 | +44.3% |
| Gross operating margin | 9900 | €182,414 | €205,263 | +€22,849 | +12.5% |
| Operating profit (loss) | 9901 | €132,657 | €109,627 | -€23,030 | -17.4% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €651 | €3,284 | +€2,633 | +404% |
| Recurring financial charges | 65 | €651 | €3,284 | +€2,633 | +404% |
| Profit (loss) for the period before taxes | 9903 | €132,006 | €106,343 | -€25,663 | -19.4% |
| Income taxes | 67/77 | €35,122 | €29,996 | -€5,126 | -14.6% |
| Profit (loss) for the period | 9904 | €96,884 | €76,347 | -€20,537 | -21.2% |
| Profit (loss) for the period to be appropriated | 9905 | €96,884 | €76,347 | -€20,537 | -21.2% |
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 25 October 2026 via checked.be.