IR.-ARCHITECT BART TRYHOU: 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.
IR.-ARCHITECT BART TRYHOU
Largest movements
- Tangible fixed assets -€64,382
down €64,382 (-17.2%), from €374,017 to €309,635
of which Land and buildings: -€35,386
- Receivables within one year -€48,915
down €48,915 (-52.3%), from €93,449 to €44,533
of which Trade receivables: -€38,468
- Deferred charges and accrued income +€10,000
new in 2025: €10,000
- Cash -€8,029
down €8,029 (-6.4%), from €125,712 to €117,682
mainly Trade debts (-€83,347) and Contributions, distributions and other (-€80,000)
- Trade debts -€83,347
down €83,347 (-50.9%), from €163,698 to €80,351
- Contributions -€80,000
down €80,000 (-80.0%), from €100,000 to €20,000
- Other debts +€43,532
up €43,532 (+42.8%), from €101,636 to €145,168
- Reserves +€13,519
up €13,519 (+5.8%), from €232,636 to €246,155
of which Distributable reserves: +€13,519
- Staff costs +€20,834
up €20,834 (+36.5%), from €57,044 to €77,878
- Gross operating margin +€8,327
up €8,327 (+5.5%), from €151,316 to €159,643
- Depreciation +€6,565
up €6,565 (+12.7%), from €51,793 to €58,358
- Taxes -€4,327
down €4,327 (-35.1%), from €12,339 to €8,012
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 | €608,657 | €497,231 | -€111,427 | -18.3% |
| Fixed assets | 21/28 | €389,497 | €325,015 | -€64,482 | -16.6% |
| Tangible fixed assets | 22/27 | €374,017 | €309,635 | -€64,382 | -17.2% |
| Land and buildings | 22 | €246,306 | €210,920 | -€35,386 | -14.4% |
| Plant, machinery and equipment | 23 | €25,650 | €15,431 | -€10,219 | -39.8% |
| Furniture and vehicles | 24 | €102,061 | €83,284 | -€18,777 | -18.4% |
| Financial fixed assets | 28 | €15,480 | €15,380 | -€100 | -0.6% |
| Current assets | 29/58 | €219,161 | €172,216 | -€46,945 | -21.4% |
| Amounts receivable within one year | 40/41 | €93,449 | €44,533 | -€48,915 | -52.3% |
| Trade receivables | 40 | €67,128 | €28,660 | -€38,468 | -57.3% |
| Other amounts receivable | 41 | €26,321 | €15,873 | -€10,448 | -39.7% |
| Cash at bank and in hand | 54/58 | €125,712 | €117,682 | -€8,029 | -6.4% |
| Deferred charges and accrued income | 490/1 | - | €10,000 | +€10,000 | |
| Total equity and liabilities | 10/49 | €608,657 | €497,231 | -€111,427 | -18.3% |
| Equity | 10/15 | €333,151 | €266,670 | -€66,481 | -20.0% |
| Contributions | 10/11 | €100,000 | €20,000 | -€80,000 | -80.0% |
| Reserves | 13 | €232,636 | €246,155 | +€13,519 | +5.8% |
| Tax-exempt reserves | 132 | €31,330 | €31,330 | = | 0.0% |
| Distributable reserves | 133 | €201,306 | €214,824 | +€13,519 | +6.7% |
| Profit (loss) carried forward | 14 | €515 | €515 | = | 0.0% |
| Amounts payable | 17/49 | €275,506 | €230,561 | -€44,945 | -16.3% |
| Amounts payable within one year | 42/48 | €275,506 | €230,561 | -€44,945 | -16.3% |
| Trade debts | 44 | €163,698 | €80,351 | -€83,347 | -50.9% |
| Suppliers | 440/4 | €163,698 | €80,351 | -€83,347 | -50.9% |
| Taxes, remuneration and social security | 45 | €10,172 | €5,042 | -€5,131 | -50.4% |
| Taxes | 450/3 | €3,047 | €346 | -€2,701 | -88.7% |
| Remuneration and social security | 454/9 | €7,126 | €4,696 | -€2,430 | -34.1% |
| Other amounts payable | 47/48 | €101,636 | €145,168 | +€43,532 | +42.8% |
| Remuneration, social security and pensions | 62 | €57,044 | €77,878 | +€20,834 | +36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,793 | €58,358 | +€6,565 | +12.7% |
| Other operating charges | 640/8 | €4,633 | €3,969 | -€664 | -14.3% |
| Gross operating margin | 9900 | €151,316 | €159,643 | +€8,327 | +5.5% |
| Operating profit (loss) | 9901 | €37,846 | €19,438 | -€18,408 | -48.6% |
| Financial income | 75/76B | €1,592 | €2,240 | +€648 | +40.7% |
| Recurring financial income | 75 | €1,592 | €2,240 | +€648 | +40.7% |
| Financial charges | 65/66B | €78 | €147 | +€70 | +89.8% |
| Recurring financial charges | 65 | €78 | €147 | +€70 | +89.8% |
| Profit (loss) for the period before taxes | 9903 | €39,361 | €21,531 | -€17,830 | -45.3% |
| Income taxes | 67/77 | €12,339 | €8,012 | -€4,327 | -35.1% |
| Profit (loss) for the period | 9904 | €27,022 | €13,519 | -€13,503 | -50.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,022 | €13,519 | -€13,503 | -50.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.