DrThomasFrancaux: 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.
DrThomasFrancaux
Largest movements
- Cash +€74,666
up €74,666 (+115%), from €65,005 to €139,671
mainly Net result for the year (+€124,043) and Tax, wage and social debts (+€6,449)
- Receivables within one year +€48,009
up €48,009 (+316%), from €15,178 to €63,187
of which Trade receivables: +€47,158
- Tangible fixed assets -€2,172
down €2,172 (-22.5%), from €9,667 to €7,495
- Profit (loss) carried forward +€124,043
up €124,043 (+216%), from €57,371 to €181,414
- Other debts -€11,265
down €11,265 (-100%), from €11,265 to €0
- Tax, wage and social debts +€6,449
up €6,449 (+38.0%), from €16,976 to €23,425
- Gross operating margin +€85,238
up €85,238 (+105%), from €81,462 to €166,700
- Taxes +€20,902
up €20,902 (+133%), from €15,676 to €36,579
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 | €90,515 | €210,353 | +€119,839 | +132% |
| Fixed assets | 21/28 | €9,667 | €7,495 | -€2,172 | -22.5% |
| Tangible fixed assets | 22/27 | €9,667 | €7,495 | -€2,172 | -22.5% |
| Furniture and vehicles | 24 | €9,667 | €7,495 | -€2,172 | -22.5% |
| Current assets | 29/58 | €80,847 | €202,858 | +€122,011 | +151% |
| Amounts receivable within one year | 40/41 | €15,178 | €63,187 | +€48,009 | +316% |
| Trade receivables | 40 | €15,178 | €62,336 | +€47,158 | +311% |
| Other amounts receivable | 41 | - | €851 | +€851 | |
| Cash at bank and in hand | 54/58 | €65,005 | €139,671 | +€74,666 | +115% |
| Deferred charges and accrued income | 490/1 | €665 | €0 | -€665 | -100% |
| Total equity and liabilities | 10/49 | €90,515 | €210,353 | +€119,839 | +132% |
| Equity | 10/15 | €60,871 | €184,914 | +€124,043 | +204% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,371 | €181,414 | +€124,043 | +216% |
| Amounts payable | 17/49 | €29,644 | €25,439 | -€4,205 | -14.2% |
| Amounts payable within one year | 42/48 | €29,644 | €25,439 | -€4,205 | -14.2% |
| Trade debts | 44 | €1,403 | €2,015 | +€612 | +43.6% |
| Suppliers | 440/4 | €1,403 | €2,015 | +€612 | +43.6% |
| Taxes, remuneration and social security | 45 | €16,976 | €23,425 | +€6,449 | +38.0% |
| Taxes | 450/3 | €16,976 | €23,425 | +€6,449 | +38.0% |
| Other amounts payable | 47/48 | €11,265 | €0 | -€11,265 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,833 | €5,641 | +€808 | +16.7% |
| Other operating charges | 640/8 | €264 | €367 | +€102 | +38.8% |
| Gross operating margin | 9900 | €81,462 | €166,700 | +€85,238 | +105% |
| Operating profit (loss) | 9901 | €76,366 | €160,693 | +€84,327 | +110% |
| Financial income | 75/76B | - | €79 | +€79 | |
| Recurring financial income | 75 | - | €79 | +€79 | |
| Financial charges | 65/66B | - | €150 | +€150 | |
| Recurring financial charges | 65 | - | €150 | +€150 | |
| Profit (loss) for the period before taxes | 9903 | €76,366 | €160,622 | +€84,256 | +110% |
| Income taxes | 67/77 | €15,676 | €36,579 | +€20,902 | +133% |
| Profit (loss) for the period | 9904 | €60,689 | €124,043 | +€63,354 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €60,689 | €124,043 | +€63,354 | +104% |
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 19 October 2026 via checked.be.