Dr Tremouillault: 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 Tremouillault
Largest movements
- Intangible fixed assets -€30,000
down €30,000 (-14.3%), from €210,109 to €180,109
- Tangible fixed assets -€4,757
down €4,757 (-19.8%), from €24,084 to €19,327
- Cash +€3,643
up €3,643 (+8.7%), from €41,870 to €45,514
mainly Depreciation (+€36,260) and Net result for the year (+€1,388)
- Debts after one year -€33,206
down €33,206 (-21.7%), from €153,228 to €120,022
- Gross operating margin +€3,920
up €3,920 (+9.0%), from €43,791 to €47,711
- Other operating charges -€999
down €999 (-63.5%), from €1,573 to €574
- Taxes +€967
up €967 (+64.5%), from €1,500 to €2,467
- Financial income -€665
no longer reported in 2025 (was €665)
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 | €276,829 | €245,874 | -€30,955 | -11.2% |
| Fixed assets | 21/28 | €234,194 | €199,436 | -€34,757 | -14.8% |
| Intangible fixed assets | 21 | €210,109 | €180,109 | -€30,000 | -14.3% |
| Tangible fixed assets | 22/27 | €24,084 | €19,327 | -€4,757 | -19.8% |
| Furniture and vehicles | 24 | €24,084 | €19,327 | -€4,757 | -19.8% |
| Current assets | 29/58 | €42,636 | €46,438 | +€3,802 | +8.9% |
| Amounts receivable within one year | 40/41 | €100 | €300 | +€200 | +200% |
| Trade receivables | 40 | €100 | €300 | +€200 | +200% |
| Cash at bank and in hand | 54/58 | €41,870 | €45,514 | +€3,643 | +8.7% |
| Deferred charges and accrued income | 490/1 | €665 | €624 | -€41 | -6.2% |
| Total equity and liabilities | 10/49 | €276,829 | €245,874 | -€30,955 | -11.2% |
| Equity | 10/15 | €12,655 | €13,210 | +€555 | +4.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,655 | €10,210 | +€555 | +5.8% |
| Amounts payable | 17/49 | €264,175 | €232,664 | -€31,511 | -11.9% |
| Amounts payable after more than one year | 17 | €153,228 | €120,022 | -€33,206 | -21.7% |
| Financial debts | 170/4 | €153,228 | €120,022 | -€33,206 | -21.7% |
| Amounts payable within one year | 42/48 | €110,947 | €112,643 | +€1,695 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €32,411 | €33,206 | +€795 | +2.5% |
| Trade debts | 44 | €74 | €1,136 | +€1,061 | +1,434% |
| Suppliers | 440/4 | €74 | €1,136 | +€1,061 | +1,434% |
| Taxes, remuneration and social security | 45 | €9,200 | €10,167 | +€967 | +10.5% |
| Taxes | 450/3 | €1,500 | €6,967 | +€5,467 | +365% |
| Remuneration and social security | 454/9 | €7,700 | €3,200 | -€4,500 | -58.4% |
| Other amounts payable | 47/48 | €69,263 | €68,135 | -€1,129 | -1.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,794 | €36,260 | +€466 | +1.3% |
| Other operating charges | 640/8 | €1,573 | €574 | -€999 | -63.5% |
| Gross operating margin | 9900 | €43,791 | €47,711 | +€3,920 | +9.0% |
| Operating profit (loss) | 9901 | €6,423 | €10,877 | +€4,454 | +69.3% |
| Financial income | 75/76B | €665 | - | -€665 | |
| Recurring financial income | 75 | €665 | - | -€665 | |
| Financial charges | 65/66B | €7,407 | €7,022 | -€385 | -5.2% |
| Recurring financial charges | 65 | €7,407 | €7,022 | -€385 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€319 | €3,855 | +€4,174 | |
| Income taxes | 67/77 | €1,500 | €2,467 | +€967 | +64.5% |
| Profit (loss) for the period | 9904 | -€1,818 | €1,388 | +€3,207 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,818 | €1,388 | +€3,207 |
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 31 October 2026 via checked.be.