DR. EVELINE THOMAERE: 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.
DR. EVELINE THOMAERE
Largest movements
- Cash -€143,550
down €143,550 (-82.0%), from €175,030 to €31,480
mainly Contributions, distributions and other (-€365,863) and Debts after one year (-€97,382)
- Tangible fixed assets -€16,139
down €16,139 (-10.6%), from €152,646 to €136,507
of which Furniture and vehicles: -€16,665
- Receivables within one year +€15,279
up €15,279 (+56.8%), from €26,906 to €42,185
- Reserves -€213,000
no longer reported in 2025 (was €213,000)
- Other debts +€150,545
up €150,545 (+6,492%), from €2,319 to €152,863
- Debts after one year -€97,382
no longer reported in 2025 (was €97,382)
of which Other amounts payable: -€85,000
- Tax, wage and social debts +€31,960
up €31,960 (+674%), from €4,740 to €36,700
- Trade debts -€12,073
down €12,073 (-69.8%), from €17,300 to €5,227
- Gross operating margin +€11,442
up €11,442 (+5.3%), from €216,981 to €228,423
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 | €354,582 | €210,172 | -€144,410 | -40.7% |
| Fixed assets | 21/28 | €152,646 | €136,507 | -€16,139 | -10.6% |
| Tangible fixed assets | 22/27 | €152,646 | €136,507 | -€16,139 | -10.6% |
| Furniture and vehicles | 24 | €32,010 | €15,345 | -€16,665 | -52.1% |
| Other tangible fixed assets | 26 | €120,636 | €121,163 | +€526 | +0.4% |
| Current assets | 29/58 | €201,936 | €73,665 | -€128,271 | -63.5% |
| Amounts receivable within one year | 40/41 | €26,906 | €42,185 | +€15,279 | +56.8% |
| Other amounts receivable | 41 | €26,906 | €42,185 | +€15,279 | +56.8% |
| Cash at bank and in hand | 54/58 | €175,030 | €31,480 | -€143,550 | -82.0% |
| Total equity and liabilities | 10/49 | €354,582 | €210,172 | -€144,410 | -40.7% |
| Equity | 10/15 | €216,461 | €3,000 | -€213,461 | -98.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €213,000 | - | -€213,000 | |
| Distributable reserves | 133 | €213,000 | - | -€213,000 | |
| Profit (loss) carried forward | 14 | €461 | - | -€461 | |
| Amounts payable | 17/49 | €138,121 | €207,172 | +€69,051 | +50.0% |
| Amounts payable after more than one year | 17 | €97,382 | - | -€97,382 | |
| Financial debts | 170/4 | €12,382 | - | -€12,382 | |
| Other amounts payable | 178/9 | €85,000 | - | -€85,000 | |
| Amounts payable within one year | 42/48 | €40,739 | €207,172 | +€166,433 | +409% |
| Current portion of amounts payable after more than one year | 42 | €16,380 | €12,382 | -€3,999 | -24.4% |
| Trade debts | 44 | €17,300 | €5,227 | -€12,073 | -69.8% |
| Suppliers | 440/4 | €17,300 | €5,227 | -€12,073 | -69.8% |
| Taxes, remuneration and social security | 45 | €4,740 | €36,700 | +€31,960 | +674% |
| Taxes | 450/3 | €4,740 | €36,700 | +€31,960 | +674% |
| Other amounts payable | 47/48 | €2,319 | €152,863 | +€150,545 | +6,492% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,774 | €30,236 | +€1,463 | +5.1% |
| Other operating charges | 640/8 | €664 | €528 | -€136 | -20.5% |
| Gross operating margin | 9900 | €216,981 | €228,423 | +€11,442 | +5.3% |
| Operating profit (loss) | 9901 | €187,544 | €197,659 | +€10,115 | +5.4% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €617 | €492 | -€125 | -20.3% |
| Recurring financial charges | 65 | €617 | €492 | -€125 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €186,936 | €197,167 | +€10,231 | +5.5% |
| Income taxes | 67/77 | €43,202 | €44,765 | +€1,563 | +3.6% |
| Profit (loss) for the period | 9904 | €143,734 | €152,402 | +€8,668 | +6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €143,734 | €152,402 | +€8,668 | +6.0% |
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 23 October 2026 via checked.be.