DAENE THIERRY: 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.
DAENE THIERRY
Largest movements
- Cash -€25,602
down €25,602 (-13.9%), from €184,508 to €158,906
mainly Contributions, distributions and other (-€24,000) and Receivables within one year (-€15,595)
- Receivables within one year +€15,595
up €15,595 (+52.2%), from €29,897 to €45,492
of which Other amounts receivable: +€12,523
- Tangible fixed assets -€6,281
down €6,281 (-13.1%), from €47,926 to €41,646
of which Furniture and vehicles: -€7,080
- Stocks and contracts +€3,326
up €3,326 (+277.2%), from €1,200 to €4,526
- Profit (loss) carried forward -€22,114
down €22,114 (-33.9%), from €65,191 to €43,077
- Reserves +€14,790
up €14,790 (+11.1%), from €133,360 to €148,150
- Trade debts -€8,062
down €8,062 (-80.6%), from €10,001 to €1,939
of which Suppliers: -€8,062
- Accrued charges and deferred income +€6,500
up €6,500 (+44.8%), from €14,500 to €21,000
- Tax, wage and social debts -€5,996
down €5,996 (-99.9%), from €6,000 to €4
of which Taxes: -€5,996
- Purchases and services -€8,229
down €8,229 (-5.4%), from €151,989 to €143,760
- Turnover +€5,892
up €5,892 (+4.2%), from €140,536 to €146,428
- Depreciation +€4,919
up €4,919 (+69.2%), from €7,109 to €12,028
- Other operating charges -€1,556
down €1,556 (-52.6%), from €2,956 to €1,400
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 | €263,532 | €250,570 | -€12,962 | -4.9% |
| Fixed assets | 21/28 | €47,926 | €41,646 | -€6,281 | -13.1% |
| Tangible fixed assets | 22/27 | €47,926 | €41,646 | -€6,281 | -13.1% |
| Plant, machinery and equipment | 23 | €898 | €1,697 | +€799 | +89.1% |
| Furniture and vehicles | 24 | €47,029 | €39,949 | -€7,080 | -15.1% |
| Current assets | 29/58 | €215,605 | €208,925 | -€6,681 | -3.1% |
| Stocks and contracts in progress | 3 | €1,200 | €4,526 | +€3,326 | +277.2% |
| Stocks | 30/36 | €1,200 | €4,526 | +€3,326 | +277.2% |
| Amounts receivable within one year | 40/41 | €29,897 | €45,492 | +€15,595 | +52.2% |
| Trade receivables | 40 | €27,575 | €30,647 | +€3,072 | +11.1% |
| Other amounts receivable | 41 | €2,322 | €14,845 | +€12,523 | +539.3% |
| Cash at bank and in hand | 54/58 | €184,508 | €158,906 | -€25,602 | -13.9% |
| Total equity and liabilities | 10/49 | €263,532 | €250,570 | -€12,962 | -4.9% |
| Equity | 10/15 | €210,951 | €203,627 | -€7,324 | -3.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €133,360 | €148,150 | +€14,790 | +11.1% |
| Distributable reserves | 133 | €133,360 | €148,150 | +€14,790 | +11.1% |
| Profit (loss) carried forward | 14 | €65,191 | €43,077 | -€22,114 | -33.9% |
| Amounts payable | 17/49 | €52,581 | €46,943 | -€5,638 | -10.7% |
| Amounts payable within one year | 42/48 | €38,081 | €25,943 | -€12,138 | -31.9% |
| Trade debts | 44 | €10,001 | €1,939 | -€8,062 | -80.6% |
| Suppliers | 440/4 | €10,001 | €1,939 | -€8,062 | -80.6% |
| Bills of exchange payable | 441 | - | €0 | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,000 | €4 | -€5,996 | -99.9% |
| Taxes | 450/3 | €6,000 | €4 | -€5,996 | -99.9% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €22,080 | €24,000 | +€1,920 | +8.7% |
| Accrued charges and deferred income | 492/3 | €14,500 | €21,000 | +€6,500 | +44.8% |
| Turnover | 70 | €140,536 | €146,428 | +€5,892 | +4.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €151,989 | €143,760 | -€8,229 | -5.4% |
| Remuneration, social security and pensions | 62 | €326 | - | -€326 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,109 | €12,028 | +€4,919 | +69.2% |
| Other operating charges | 640/8 | €2,956 | €1,400 | -€1,556 | -52.6% |
| Gross operating margin | 9900 | €35,441 | €36,901 | +€1,460 | +4.1% |
| Operating profit (loss) | 9901 | €25,050 | €23,473 | -€1,576 | -6.3% |
| Financial income | 75/76B | €775 | €844 | +€70 | +9.0% |
| Recurring financial income | 75 | €775 | €844 | +€70 | +9.0% |
| Financial charges | 65/66B | €117 | €137 | +€20 | +17.4% |
| Recurring financial charges | 65 | €117 | €137 | +€20 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €25,707 | €24,180 | -€1,527 | -5.9% |
| Income taxes | 67/77 | €7,448 | €7,504 | +€56 | +0.7% |
| Profit (loss) for the period | 9904 | €18,259 | €16,676 | -€1,583 | -8.7% |
| Profit (loss) for the period to be appropriated | 9905 | €18,259 | €16,676 | -€1,583 | -8.7% |
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 3 October 2026 via checked.be.