DE THOUARS: 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.
DE THOUARS
Largest movements
- Cash +€37,614
up €37,614 (+67.5%), from €55,736 to €93,350
mainly Net result for the year (+€32,150) and Deferred charges and accrued income (+€15,950)
- Deferred charges and accrued income -€15,950
down €15,950 (-25.9%), from €61,547 to €45,597
- Receivables within one year +€9,720
up €9,720 (+12.3%), from €78,881 to €88,601
of which Other amounts receivable: +€18,097
- Profit (loss) carried forward +€32,150
up €32,150 (+28.8%), from -€111,632 to -€79,482
- Tax, wage and social debts -€8,382
down €8,382 (-96.4%), from €8,697 to €315
of which Remuneration and social security: -€8,333
- Trade debts +€7,966
up €7,966 (+937232.9%), from €1 to €7,967
- Gross operating margin +€130,188
up €130,188, from -€91,007 to €39,181
- Financial charges -€1,537
down €1,537 (-39.4%), from €3,903 to €2,367
- Other operating charges -€1,198
down €1,198 (-52.3%), from €2,292 to €1,094
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 | €213,956 | €245,690 | +€31,734 | +14.8% |
| Fixed assets | 21/28 | €17,792 | €18,143 | +€350 | +2.0% |
| Tangible fixed assets | 22/27 | €17,792 | €18,143 | +€350 | +2.0% |
| Furniture and vehicles | 24 | €8,607 | €8,957 | +€350 | +4.1% |
| Other tangible fixed assets | 26 | €9,185 | €9,185 | = | 0.0% |
| Current assets | 29/58 | €196,163 | €227,548 | +€31,384 | +16.0% |
| Amounts receivable within one year | 40/41 | €78,881 | €88,601 | +€9,720 | +12.3% |
| Trade receivables | 40 | €31,490 | €23,113 | -€8,377 | -26.6% |
| Other amounts receivable | 41 | €47,391 | €65,488 | +€18,097 | +38.2% |
| Cash at bank and in hand | 54/58 | €55,736 | €93,350 | +€37,614 | +67.5% |
| Deferred charges and accrued income | 490/1 | €61,547 | €45,597 | -€15,950 | -25.9% |
| Total equity and liabilities | 10/49 | €213,956 | €245,690 | +€31,734 | +14.8% |
| Equity | 10/15 | €205,258 | €237,408 | +€32,150 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €298,290 | €298,290 | = | 0.0% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €288,290 | €288,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€111,632 | -€79,482 | +€32,150 | +28.8% |
| Amounts payable | 17/49 | €8,698 | €8,282 | -€416 | -4.8% |
| Amounts payable within one year | 42/48 | €8,698 | €8,282 | -€416 | -4.8% |
| Trade debts | 44 | €1 | €7,967 | +€7,966 | +937232.9% |
| Suppliers | 440/4 | €1 | €7,967 | +€7,966 | +937232.9% |
| Taxes, remuneration and social security | 45 | €8,697 | €315 | -€8,382 | -96.4% |
| Taxes | 450/3 | €364 | €315 | -€49 | -13.4% |
| Remuneration and social security | 454/9 | €8,333 | - | -€8,333 | |
| Non-recurring operating income | 76A | - | €1,672 | +€1,672 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,697 | €4,785 | +€89 | +1.9% |
| Other operating charges | 640/8 | €2,292 | €1,094 | -€1,198 | -52.3% |
| Gross operating margin | 9900 | -€91,007 | €39,181 | +€130,188 | |
| Operating profit (loss) | 9901 | -€97,996 | €33,301 | +€131,296 | |
| Financial income | 75/76B | €2,713 | €2,032 | -€680 | -25.1% |
| Recurring financial income | 75 | €2,713 | €2,032 | -€680 | -25.1% |
| Financial charges | 65/66B | €3,903 | €2,367 | -€1,537 | -39.4% |
| Recurring financial charges | 65 | €3,903 | €2,367 | -€1,537 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | -€99,186 | €32,966 | +€132,153 | |
| Income taxes | 67/77 | €456 | €816 | +€360 | +78.9% |
| Profit (loss) for the period | 9904 | -€99,643 | €32,150 | +€131,793 | |
| Profit (loss) for the period to be appropriated | 9905 | -€99,643 | €32,150 | +€131,793 |
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 10 October 2026 via checked.be.