PHILIPPE BAUSIER: 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.
PHILIPPE BAUSIER
Largest movements
- Cash +€2,036
up €2,036 (+2.2%), from €91,404 to €93,440
mainly Trade debts (+€1,501) and Net result for the year (+€1,430)
- Trade debts +€1,501
up €1,501 (+4426.7%), from €34 to €1,535
- Gross operating margin +€2,991
up €2,991, from -€911 to €2,081
- Taxes +€160
up €160 (+120.1%), from €133 to €293
- Financial charges -€45
down €45 (-39.1%), from €115 to €70
- Other operating charges +€28
up €28 (+3.6%), from €773 to €801
- Depreciation -€23
down €23 (-6.7%), from €342 to €319
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.
Cash bridge derived
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 | €144,467 | €147,091 | +€2,624 | +1.8% |
| Fixed assets | 21/28 | €319 | - | -€319 | |
| Tangible fixed assets | 22/27 | €319 | - | -€319 | |
| Furniture and vehicles | 24 | €210 | - | -€210 | |
| Other tangible fixed assets | 26 | €109 | - | -€109 | |
| Current assets | 29/58 | €144,148 | €147,091 | +€2,943 | +2.0% |
| Amounts receivable within one year | 40/41 | €1,419 | €2,274 | +€855 | +60.3% |
| Trade receivables | 40 | €1,352 | €2,207 | +€855 | +63.2% |
| Other amounts receivable | 41 | €67 | €67 | = | 0.0% |
| Current investments | 50/53 | €50,000 | €50,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €91,404 | €93,440 | +€2,036 | +2.2% |
| Deferred charges and accrued income | 490/1 | €1,325 | €1,377 | +€52 | +3.9% |
| Total equity and liabilities | 10/49 | €144,467 | €147,091 | +€2,624 | +1.8% |
| Equity | 10/15 | €143,033 | €144,463 | +€1,430 | +1.0% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €124,000 | €125,430 | +€1,430 | +1.2% |
| Distributable reserves | 133 | €124,000 | €125,430 | +€1,430 | +1.2% |
| Profit (loss) carried forward | 14 | -€1,427 | -€1,427 | = | 0.0% |
| Amounts payable | 17/49 | €1,434 | €2,628 | +€1,194 | +83.2% |
| Amounts payable within one year | 42/48 | €1,434 | €2,628 | +€1,194 | +83.2% |
| Trade debts | 44 | €34 | €1,535 | +€1,501 | +4426.7% |
| Suppliers | 440/4 | €34 | €1,535 | +€1,501 | +4426.7% |
| Taxes, remuneration and social security | 45 | - | €293 | +€293 | |
| Taxes | 450/3 | - | €293 | +€293 | |
| Other amounts payable | 47/48 | €1,400 | €800 | -€600 | -42.8% |
| Non-recurring operating income | 76A | €0 | - | -€0 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €342 | €319 | -€23 | -6.7% |
| Other operating charges | 640/8 | €773 | €801 | +€28 | +3.6% |
| Gross operating margin | 9900 | -€911 | €2,081 | +€2,991 | |
| Operating profit (loss) | 9901 | -€2,026 | €960 | +€2,986 | |
| Financial income | 75/76B | €843 | €833 | -€10 | -1.2% |
| Recurring financial income | 75 | €843 | €833 | -€10 | -1.2% |
| Financial charges | 65/66B | €115 | €70 | -€45 | -39.1% |
| Recurring financial charges | 65 | €115 | €70 | -€45 | -39.1% |
| Profit (loss) for the period before taxes | 9903 | -€1,297 | €1,723 | +€3,021 | |
| Income taxes | 67/77 | €133 | €293 | +€160 | +120.1% |
| Profit (loss) for the period | 9904 | -€1,430 | €1,430 | +€2,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,430 | €1,430 | +€2,861 |
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 10 October 2026 via checked.be.