Eric THIELENS: what changed
Eric THIELENS
Largest movements
- Cash +€2,239
up €2,239 (+3.9%), from €57,322 to €59,561
mainly Net result for the year (+€27,777) and Tax, wage and social debts (+€1,750)
- Tangible fixed assets -€1,261
down €1,261 (-55.6%), from €2,268 to €1,007
- Tax, wage and social debts +€1,750
up €1,750 (+8.1%), from €21,682 to €23,432
- Other debts -€1,431
no longer reported in 2025 (was €1,431)
- Trade debts +€926
up €926 (+609%), from €152 to €1,078
- Gross operating margin +€2,660
up €2,660 (+6.4%), from €41,414 to €44,074
- Other operating charges +€1,854
up €1,854 (+284%), from €653 to €2,507
- Taxes +€641
up €641 (+5.6%), from €11,441 to €12,082
- Depreciation +€640
up €640 (+63.9%), from €1,002 to €1,641
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €59,640 | €60,618 | +€978 | +1.6% |
| Fixed assets | 21/28 | €2,318 | €1,057 | -€1,261 | -54.4% |
| Tangible fixed assets | 22/27 | €2,268 | €1,007 | -€1,261 | -55.6% |
| Furniture and vehicles | 24 | €2,268 | €1,007 | -€1,261 | -55.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €57,322 | €59,561 | +€2,239 | +3.9% |
| Cash at bank and in hand | 54/58 | €57,322 | €59,561 | +€2,239 | +3.9% |
| Total equity and liabilities | 10/49 | €59,640 | €60,618 | +€978 | +1.6% |
| Equity | 10/15 | €36,293 | €35,837 | -€456 | -1.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,233 | €27,777 | -€456 | -1.6% |
| Amounts payable | 17/49 | €23,348 | €24,781 | +€1,434 | +6.1% |
| Amounts payable within one year | 42/48 | €23,348 | €24,781 | +€1,434 | +6.1% |
| Financial debts | 43 | €83 | €271 | +€188 | +227% |
| Credit institutions | 430/8 | €83 | €271 | +€188 | +227% |
| Trade debts | 44 | €152 | €1,078 | +€926 | +609% |
| Suppliers | 440/4 | €152 | €1,078 | +€926 | +609% |
| Taxes, remuneration and social security | 45 | €21,682 | €23,432 | +€1,750 | +8.1% |
| Taxes | 450/3 | €21,682 | €23,432 | +€1,750 | +8.1% |
| Other amounts payable | 47/48 | €1,431 | - | -€1,431 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,002 | €1,641 | +€640 | +63.9% |
| Other operating charges | 640/8 | €653 | €2,507 | +€1,854 | +284% |
| Gross operating margin | 9900 | €41,414 | €44,074 | +€2,660 | +6.4% |
| Operating profit (loss) | 9901 | €39,760 | €39,926 | +€167 | +0.4% |
| Financial income | 75/76B | - | €101 | +€101 | |
| Recurring financial income | 75 | - | €101 | +€101 | |
| Financial charges | 65/66B | €86 | €169 | +€83 | +95.9% |
| Recurring financial charges | 65 | €86 | €169 | +€83 | +95.9% |
| Profit (loss) for the period before taxes | 9903 | €39,674 | €39,859 | +€185 | +0.5% |
| Income taxes | 67/77 | €11,441 | €12,082 | +€641 | +5.6% |
| Profit (loss) for the period | 9904 | €28,233 | €27,777 | -€456 | -1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,233 | €27,777 | -€456 | -1.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.