DR.Ph. THIEFFRY: 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.Ph. THIEFFRY
Largest movements
- Cash +€24,771
up €24,771 (+16.1%), from €153,450 to €178,221
mainly Net result for the year (+€69,945) and Tax, wage and social debts (+€20,014)
- Receivables within one year +€10,041
up €10,041 (+15.7%), from €64,100 to €74,141
of which Other amounts receivable: +€10,041
- Profit (loss) carried forward -€50,055
down €50,055 (-39.0%), from €128,219 to €78,164
- Reserves +€50,000
new in 2025: €50,000
- Tax, wage and social debts +€20,014
up €20,014 (+81.2%), from €24,652 to €44,666
- Other debts +€14,788
up €14,788 (+31.9%), from €46,398 to €61,187
- Gross operating margin -€25,608
down €25,608 (-21.1%), from €121,140 to €95,532
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 | €220,323 | €255,604 | +€35,281 | +16.0% |
| Fixed assets | 21/28 | €2,773 | €3,241 | +€469 | +16.9% |
| Tangible fixed assets | 22/27 | €2,773 | €3,241 | +€469 | +16.9% |
| Plant, machinery and equipment | 23 | €268 | €0 | -€268 | -100% |
| Furniture and vehicles | 24 | €1,973 | €2,959 | +€986 | +50.0% |
| Other tangible fixed assets | 26 | €532 | €283 | -€249 | -46.8% |
| Current assets | 29/58 | €217,550 | €252,363 | +€34,813 | +16.0% |
| Amounts receivable within one year | 40/41 | €64,100 | €74,141 | +€10,041 | +15.7% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €64,100 | €74,141 | +€10,041 | +15.7% |
| Cash at bank and in hand | 54/58 | €153,450 | €178,221 | +€24,771 | +16.1% |
| Total equity and liabilities | 10/49 | €220,323 | €255,604 | +€35,281 | +16.0% |
| Equity | 10/15 | €148,059 | €148,004 | -€55 | 0.0% |
| Contributions | 10/11 | €19,840 | €19,840 | = | 0.0% |
| Reserves | 13 | - | €50,000 | +€50,000 | |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €128,219 | €78,164 | -€50,055 | -39.0% |
| Amounts payable | 17/49 | €72,264 | €107,600 | +€35,336 | +48.9% |
| Amounts payable within one year | 42/48 | €72,264 | €107,600 | +€35,336 | +48.9% |
| Trade debts | 44 | €1,214 | €1,747 | +€534 | +44.0% |
| Suppliers | 440/4 | €1,214 | €1,747 | +€534 | +44.0% |
| Taxes, remuneration and social security | 45 | €24,652 | €44,666 | +€20,014 | +81.2% |
| Taxes | 450/3 | €24,652 | €44,666 | +€20,014 | +81.2% |
| Other amounts payable | 47/48 | €46,398 | €61,187 | +€14,788 | +31.9% |
| Non-recurring operating income | 76A | €12,888 | - | -€12,888 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,159 | €2,199 | +€40 | +1.8% |
| Other operating charges | 640/8 | €3,160 | €2,259 | -€901 | -28.5% |
| Gross operating margin | 9900 | €121,140 | €95,532 | -€25,608 | -21.1% |
| Operating profit (loss) | 9901 | €115,821 | €91,074 | -€24,747 | -21.4% |
| Financial income | 75/76B | - | €1,116 | +€1,116 | |
| Recurring financial income | 75 | - | €1,116 | +€1,116 | |
| Financial charges | 65/66B | €766 | €273 | -€493 | -64.3% |
| Recurring financial charges | 65 | €766 | €273 | -€493 | -64.3% |
| Profit (loss) for the period before taxes | 9903 | €115,055 | €91,917 | -€23,138 | -20.1% |
| Income taxes | 67/77 | €21,393 | €21,971 | +€579 | +2.7% |
| Profit (loss) for the period | 9904 | €93,662 | €69,945 | -€23,716 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €93,662 | €69,945 | -€23,716 | -25.3% |
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 18 October 2026 via checked.be.