CHRIS TIJSEBAERT: what changed
CHRIS TIJSEBAERT
Largest movements
- Receivables within one year +€47,785
up €47,785 (+956%), from €5,000 to €52,785
of which Other amounts receivable: +€33,870
- Receivables after one year -€25,000
down €25,000 (-100%), from €25,000 to €0
- Deferred charges and accrued income +€15,275
up €15,275 (+1,111%), from €1,375 to €16,650
- Cash -€9,253
down €9,253 (-59.5%), from €15,551 to €6,298
mainly Other debts (-€61,887) and Receivables within one year (-€47,785)
- Current investments -€8,666
down €8,666 (-8.3%), from €103,868 to €95,202
- Other debts -€61,887
down €61,887 (-63.4%), from €97,655 to €35,768
- Reserves +€55,520
up €55,520 (+90.2%), from €61,576 to €117,096
of which Distributable reserves: +€55,520
- Tax, wage and social debts +€26,733
up €26,733 (+329%), from €8,122 to €34,855
- Accrued charges and deferred income +€6,492
up €6,492 (+1,676%), from €387 to €6,879
- Gross operating margin +€39,477
up €39,477 (+76.7%), from €51,465 to €90,942
- Taxes +€10,303
up €10,303 (+65.3%), from €15,784 to €26,087
- Financial charges +€6,283
up €6,283 (+2,776%), from €226 to €6,510
- Depreciation +€3,134
new in 2025: €3,134
- Financial income -€1,189
down €1,189 (-55.3%), from €2,151 to €962
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €181,168 | €209,502 | +€28,333 | +15.6% |
| Fixed assets | 21/28 | €30,375 | €38,567 | +€8,192 | +27.0% |
| Tangible fixed assets | 22/27 | - | €8,192 | +€8,192 | |
| Furniture and vehicles | 24 | - | €8,192 | +€8,192 | |
| Financial fixed assets | 28 | €30,375 | €30,375 | = | 0.0% |
| Current assets | 29/58 | €150,793 | €170,935 | +€20,142 | +13.4% |
| Amounts receivable after more than one year | 29 | €25,000 | €0 | -€25,000 | -100% |
| Other amounts receivable | 291 | €25,000 | €0 | -€25,000 | -100% |
| Amounts receivable within one year | 40/41 | €5,000 | €52,785 | +€47,785 | +956% |
| Trade receivables | 40 | €0 | €13,915 | +€13,915 | |
| Other amounts receivable | 41 | €5,000 | €38,870 | +€33,870 | +677% |
| Current investments | 50/53 | €103,868 | €95,202 | -€8,666 | -8.3% |
| Cash at bank and in hand | 54/58 | €15,551 | €6,298 | -€9,253 | -59.5% |
| Deferred charges and accrued income | 490/1 | €1,375 | €16,650 | +€15,275 | +1,111% |
| Total equity and liabilities | 10/49 | €181,168 | €209,502 | +€28,333 | +15.6% |
| Equity | 10/15 | €73,976 | €129,496 | +€55,520 | +75.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €61,576 | €117,096 | +€55,520 | +90.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €59,716 | €115,236 | +€55,520 | +93.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €107,192 | €80,005 | -€27,187 | -25.4% |
| Amounts payable within one year | 42/48 | €106,805 | €73,126 | -€33,679 | -31.5% |
| Financial debts | 43 | €0 | €1,736 | +€1,736 | |
| Credit institutions | 430/8 | €0 | €1,736 | +€1,736 | |
| Trade debts | 44 | €1,027 | €767 | -€260 | -25.3% |
| Suppliers | 440/4 | €1,027 | €767 | -€260 | -25.3% |
| Taxes, remuneration and social security | 45 | €8,122 | €34,855 | +€26,733 | +329% |
| Taxes | 450/3 | €8,122 | €34,855 | +€26,733 | +329% |
| Other amounts payable | 47/48 | €97,655 | €35,768 | -€61,887 | -63.4% |
| Accrued charges and deferred income | 492/3 | €387 | €6,879 | +€6,492 | +1,676% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,134 | +€3,134 | |
| Other operating charges | 640/8 | €1,089 | €653 | -€436 | -40.1% |
| Gross operating margin | 9900 | €51,465 | €90,942 | +€39,477 | +76.7% |
| Operating profit (loss) | 9901 | €50,376 | €87,155 | +€36,779 | +73.0% |
| Financial income | 75/76B | €2,151 | €962 | -€1,189 | -55.3% |
| Recurring financial income | 75 | €2,151 | €962 | -€1,189 | -55.3% |
| Financial charges | 65/66B | €226 | €6,510 | +€6,283 | +2,776% |
| Recurring financial charges | 65 | €226 | €6,510 | +€6,283 | +2,776% |
| Profit (loss) for the period before taxes | 9903 | €52,301 | €81,608 | +€29,307 | +56.0% |
| Income taxes | 67/77 | €15,784 | €26,087 | +€10,303 | +65.3% |
| Profit (loss) for the period | 9904 | €36,517 | €55,520 | +€19,004 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €36,517 | €55,520 | +€19,004 | +52.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.