Antoine Derom: 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.
Antoine Derom
Largest movements
- Receivables within one year +€139,896
up €139,896 (+131%), from €106,635 to €246,531
of which Trade receivables: +€149,485
- Cash -€25,220
down €25,220 (-51.2%), from €49,292 to €24,072
mainly Receivables within one year (-€139,896)
- Profit (loss) carried forward +€74,928
up €74,928 (+62.8%), from €119,382 to €194,310
- Tax, wage and social debts +€38,003
up €38,003 (+90.8%), from €41,873 to €79,876
of which Taxes: +€30,503
- Gross operating margin +€23,909
up €23,909 (+29.0%), from €82,343 to €106,252
- Provisions +€9,876
new in 2025: €9,876
- Taxes +€2,911
up €2,911 (+17.7%), from €16,447 to €19,358
- Other operating charges +€1,231
new in 2025: €1,231
- Staff costs -€1,168
down €1,168 (-100%), from €1,168 to €0
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 | €164,389 | €278,771 | +€114,382 | +69.6% |
| Fixed assets | 21/28 | €8,462 | €8,169 | -€293 | -3.5% |
| Tangible fixed assets | 22/27 | €8,462 | €8,169 | -€293 | -3.5% |
| Furniture and vehicles | 24 | €1,462 | €1,169 | -€293 | -20.1% |
| Other tangible fixed assets | 26 | €7,000 | €7,000 | = | 0.0% |
| Current assets | 29/58 | €155,927 | €270,602 | +€114,675 | +73.5% |
| Amounts receivable within one year | 40/41 | €106,635 | €246,531 | +€139,896 | +131% |
| Trade receivables | 40 | €68,594 | €218,079 | +€149,485 | +218% |
| Other amounts receivable | 41 | €38,041 | €28,452 | -€9,590 | -25.2% |
| Cash at bank and in hand | 54/58 | €49,292 | €24,072 | -€25,220 | -51.2% |
| Total equity and liabilities | 10/49 | €164,389 | €278,771 | +€114,382 | +69.6% |
| Equity | 10/15 | €120,882 | €195,810 | +€74,928 | +62.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €119,382 | €194,310 | +€74,928 | +62.8% |
| Amounts payable | 17/49 | €43,507 | €82,961 | +€39,454 | +90.7% |
| Amounts payable within one year | 42/48 | €43,381 | €82,457 | +€39,076 | +90.1% |
| Trade debts | 44 | €1,508 | €2,581 | +€1,073 | +71.1% |
| Suppliers | 440/4 | €1,508 | €2,581 | +€1,073 | +71.1% |
| Taxes, remuneration and social security | 45 | €41,873 | €79,876 | +€38,003 | +90.8% |
| Taxes | 450/3 | €39,373 | €69,876 | +€30,503 | +77.5% |
| Remuneration and social security | 454/9 | €2,500 | €10,000 | +€7,500 | +300% |
| Accrued charges and deferred income | 492/3 | €126 | €504 | +€378 | +300% |
| Remuneration, social security and pensions | 62 | €1,168 | €0 | -€1,168 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4 | €293 | +€289 | +7,212% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | €9,876 | +€9,876 | |
| Other operating charges | 640/8 | - | €1,231 | +€1,231 | |
| Gross operating margin | 9900 | €82,343 | €106,252 | +€23,909 | +29.0% |
| Operating profit (loss) | 9901 | €81,171 | €94,852 | +€13,681 | +16.9% |
| Financial income | 75/76B | €92 | €214 | +€122 | +133% |
| Recurring financial income | 75 | €92 | €214 | +€122 | +133% |
| Financial charges | 65/66B | €448 | €780 | +€332 | +74.1% |
| Recurring financial charges | 65 | €448 | €780 | +€332 | +74.1% |
| Profit (loss) for the period before taxes | 9903 | €80,815 | €94,286 | +€13,471 | +16.7% |
| Income taxes | 67/77 | €16,447 | €19,358 | +€2,911 | +17.7% |
| Profit (loss) for the period | 9904 | €64,368 | €74,928 | +€10,560 | +16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €64,368 | €74,928 | +€10,560 | +16.4% |
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 19 October 2026 via checked.be.