DEBLANDER 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.
DEBLANDER THIERRY
Largest movements
- Cash -€19,262
down €19,262 (-21.6%), from €89,159 to €69,898
mainly Contributions, distributions and other (-€156,000) and Debts after one year (-€15,871)
- Reserves -€156,000
down €156,000 (-19.2%), from €813,796 to €657,796
of which Distributable reserves: -€156,000
- Other debts +€147,800
up €147,800 (+412.0%), from €35,874 to €183,674
- Debts after one year -€15,871
down €15,871 (-50.3%), from €31,581 to €15,710
- Financial income -€14,659
down €14,659 (-37.7%), from €38,915 to €24,256
- Gross operating margin +€6,578
up €6,578 (+30.9%), from -€21,320 to -€14,742
- Financial charges -€2,957
down €2,957 (-32.8%), from €9,013 to €6,056
- Taxes +€1,810
up €1,810 (+126.0%), from €1,436 to €3,246
- Depreciation -€236
down €236 (-37.9%), from €623 to €387
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 | €891,030 | €868,843 | -€22,188 | -2.5% |
| Fixed assets | 21/28 | €174,200 | €175,585 | +€1,385 | +0.8% |
| Tangible fixed assets | 22/27 | €174,200 | €175,585 | +€1,385 | +0.8% |
| Land and buildings | 22 | €170,000 | €170,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €4,200 | €5,585 | +€1,385 | +33.0% |
| Current assets | 29/58 | €716,830 | €693,257 | -€23,573 | -3.3% |
| Amounts receivable within one year | 40/41 | €6,223 | €6,437 | +€214 | +3.4% |
| Trade receivables | 40 | - | €192 | +€192 | |
| Other amounts receivable | 41 | €6,223 | €6,245 | +€22 | +0.4% |
| Current investments | 50/53 | €619,696 | €615,603 | -€4,093 | -0.7% |
| Cash at bank and in hand | 54/58 | €89,159 | €69,898 | -€19,262 | -21.6% |
| Deferred charges and accrued income | 490/1 | €1,752 | €1,319 | -€433 | -24.7% |
| Total equity and liabilities | 10/49 | €891,030 | €868,843 | -€22,188 | -2.5% |
| Equity | 10/15 | €803,465 | €645,748 | -€157,717 | -19.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €813,796 | €657,796 | -€156,000 | -19.2% |
| Tax-exempt reserves | 132 | €21,814 | €21,814 | = | 0.0% |
| Distributable reserves | 133 | €791,982 | €635,982 | -€156,000 | -19.7% |
| Profit (loss) carried forward | 14 | -€22,731 | -€24,448 | -€1,717 | -7.6% |
| Amounts payable | 17/49 | €87,566 | €223,095 | +€135,529 | +154.8% |
| Amounts payable after more than one year | 17 | €31,581 | €15,710 | -€15,871 | -50.3% |
| Financial debts | 170/4 | €31,581 | €15,710 | -€15,871 | -50.3% |
| Amounts payable within one year | 42/48 | €55,985 | €207,385 | +€151,400 | +270.4% |
| Current portion of amounts payable after more than one year | 42 | €16,919 | €15,871 | -€1,048 | -6.2% |
| Trade debts | 44 | €3,192 | €40 | -€3,152 | -98.7% |
| Suppliers | 440/4 | €3,192 | €40 | -€3,152 | -98.7% |
| Taxes, remuneration and social security | 45 | - | €7,800 | +€7,800 | |
| Taxes | 450/3 | - | €7,800 | +€7,800 | |
| Other amounts payable | 47/48 | €35,874 | €183,674 | +€147,800 | +412.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €623 | €387 | -€236 | -37.9% |
| Other operating charges | 640/8 | €1,493 | €1,543 | +€51 | +3.4% |
| Gross operating margin | 9900 | -€21,320 | -€14,742 | +€6,578 | +30.9% |
| Operating profit (loss) | 9901 | -€23,435 | -€16,672 | +€6,763 | +28.9% |
| Financial income | 75/76B | €38,915 | €24,256 | -€14,659 | -37.7% |
| Recurring financial income | 75 | €38,915 | €24,256 | -€14,659 | -37.7% |
| Financial charges | 65/66B | €9,013 | €6,056 | -€2,957 | -32.8% |
| Recurring financial charges | 65 | €9,013 | €6,056 | -€2,957 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | €6,467 | €1,529 | -€4,938 | -76.4% |
| Income taxes | 67/77 | €1,436 | €3,246 | +€1,810 | +126.0% |
| Profit (loss) for the period | 9904 | €5,031 | -€1,717 | -€6,748 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,031 | -€1,717 | -€6,748 |
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.