CHEZ THIERRY: 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.
CHEZ THIERRY
Largest movements
- Receivables within one year +€17,441
up €17,441 (+217%), from €8,040 to €25,481
- Tangible fixed assets -€2,265
down €2,265 (-34.9%), from €6,494 to €4,229
of which Land and buildings: -€1,665
- Stocks and contracts -€1,606
down €1,606 (-52.6%), from €3,055 to €1,449
- Cash +€722
up €722 (+4.5%), from €16,159 to €16,880
mainly Contributions, distributions and other (+€13,461) and Net result for the year (+€7,036)
- Reserves +€20,461
up €20,461 (+136%), from €15,000 to €35,461
of which Non-distributable reserves: +€13,461
- Tax, wage and social debts -€4,892
down €4,892 (-28.7%), from €17,051 to €12,158
- Trade debts -€1,443
down €1,443 (-35.6%), from €4,057 to €2,614
- Taxes -€9,422
down €9,422 (-53.2%), from €17,708 to €8,286
- Gross operating margin +€6,554
up €6,554 (+48.9%), from €13,412 to €19,966
- Financial income -€534
down €534 (-69.8%), from €766 to €231
of which Financial income: -€534
- Other operating charges -€379
down €379 (-15.1%), from €2,520 to €2,141
- Depreciation +€376
up €376 (+19.9%), from €1,889 to €2,265
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 | €34,688 | €48,849 | +€14,162 | +40.8% |
| Fixed assets | 21/28 | €6,494 | €4,229 | -€2,265 | -34.9% |
| Tangible fixed assets | 22/27 | €6,494 | €4,229 | -€2,265 | -34.9% |
| Land and buildings | 22 | €4,917 | €3,253 | -€1,665 | -33.9% |
| Plant, machinery and equipment | 23 | €1,577 | €976 | -€600 | -38.1% |
| Current assets | 29/58 | €28,194 | €44,620 | +€16,427 | +58.3% |
| Stocks and contracts in progress | 3 | €3,055 | €1,449 | -€1,606 | -52.6% |
| Stocks | 30/36 | €3,055 | €1,449 | -€1,606 | -52.6% |
| Amounts receivable within one year | 40/41 | €8,040 | €25,481 | +€17,441 | +217% |
| Other amounts receivable | 41 | €8,040 | €25,481 | +€17,441 | +217% |
| Cash at bank and in hand | 54/58 | €16,159 | €16,880 | +€722 | +4.5% |
| Deferred charges and accrued income | 490/1 | €940 | €809 | -€131 | -13.9% |
| Total equity and liabilities | 10/49 | €34,688 | €48,849 | +€14,162 | +40.8% |
| Equity | 10/15 | €13,580 | €34,076 | +€20,497 | +151% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €15,000 | €35,461 | +€20,461 | +136% |
| Non-distributable reserves | 130/1 | - | €13,461 | +€13,461 | |
| Reserves not available under the articles | 1311 | - | €13,461 | +€13,461 | |
| Distributable reserves | 133 | €15,000 | €22,000 | +€7,000 | +46.7% |
| Profit (loss) carried forward | 14 | -€13,820 | -€13,785 | +€36 | +0.3% |
| Amounts payable | 17/49 | €21,108 | €14,773 | -€6,335 | -30.0% |
| Amounts payable within one year | 42/48 | €21,108 | €14,773 | -€6,335 | -30.0% |
| Trade debts | 44 | €4,057 | €2,614 | -€1,443 | -35.6% |
| Suppliers | 440/4 | €4,057 | €2,614 | -€1,443 | -35.6% |
| Taxes, remuneration and social security | 45 | €17,051 | €12,158 | -€4,892 | -28.7% |
| Taxes | 450/3 | €17,051 | €12,158 | -€4,892 | -28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,889 | €2,265 | +€376 | +19.9% |
| Other operating charges | 640/8 | €2,520 | €2,141 | -€379 | -15.1% |
| Gross operating margin | 9900 | €13,412 | €19,966 | +€6,554 | +48.9% |
| Operating profit (loss) | 9901 | €9,002 | €15,560 | +€6,558 | +72.8% |
| Financial income | 75/76B | €766 | €231 | -€534 | -69.8% |
| Recurring financial income | 75 | €622 | €87 | -€534 | -86.0% |
| Non-recurring financial income | 76B | €144 | €144 | = | 0.0% |
| Financial charges | 65/66B | €284 | €469 | +€186 | +65.5% |
| Recurring financial charges | 65 | €284 | €469 | +€186 | +65.5% |
| Profit (loss) for the period before taxes | 9903 | €9,484 | €15,322 | +€5,837 | +61.5% |
| Income taxes | 67/77 | €17,708 | €8,286 | -€9,422 | -53.2% |
| Profit (loss) for the period | 9904 | -€8,224 | €7,036 | +€15,259 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,224 | €7,036 | +€15,259 |
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 16 October 2026 via checked.be.