Sabrina Tousset: 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.
Sabrina Tousset
Largest movements
- Receivables within one year +€50,274
up €50,274 (+23.4%), from €215,159 to €265,434
of which Other amounts receivable: +€35,484
- Tangible fixed assets -€3,538
down €3,538 (-22.9%), from €15,420 to €11,882
- Profit (loss) carried forward +€49,744
up €49,744 (+113%), from €44,119 to €93,862
- Tax, wage and social debts +€5,421
up €5,421 (+14.8%), from €36,621 to €42,042
of which Taxes: +€10,696
- Trade debts -€4,616
down €4,616 (-22.4%), from €20,624 to €16,008
- Other debts -€3,026
down €3,026 (-8.2%), from €37,130 to €34,104
- Purchases and services +€14,211
up €14,211 (+46.0%), from €30,880 to €45,091
- Depreciation -€11,208
down €11,208 (-64.0%), from €17,500 to €6,292
- Taxes +€4,388
up €4,388 (+28.7%), from €15,275 to €19,663
- Gross operating margin +€3,851
up €3,851 (+4.4%), from €86,623 to €90,473
- Financial income +€1,464
up €1,464 (+13.1%), from €11,157 to €12,621
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 | €236,016 | €280,154 | +€44,138 | +18.7% |
| Fixed assets | 21/28 | €18,174 | €11,882 | -€6,292 | -34.6% |
| Intangible fixed assets | 21 | €2,754 | - | -€2,754 | |
| Tangible fixed assets | 22/27 | €15,420 | €11,882 | -€3,538 | -22.9% |
| Furniture and vehicles | 24 | €15,420 | €11,882 | -€3,538 | -22.9% |
| Current assets | 29/58 | €217,842 | €268,272 | +€50,430 | +23.1% |
| Amounts receivable within one year | 40/41 | €215,159 | €265,434 | +€50,274 | +23.4% |
| Trade receivables | 40 | - | €14,790 | +€14,790 | |
| Other amounts receivable | 41 | €215,159 | €250,643 | +€35,484 | +16.5% |
| Cash at bank and in hand | 54/58 | €2,252 | €2,780 | +€528 | +23.5% |
| Deferred charges and accrued income | 490/1 | €431 | €59 | -€373 | -86.4% |
| Total equity and liabilities | 10/49 | €236,016 | €280,154 | +€44,138 | +18.7% |
| Equity | 10/15 | €120,119 | €169,862 | +€49,744 | +41.4% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €70,000 | €70,000 | = | 0.0% |
| Distributable reserves | 133 | €70,000 | €70,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €44,119 | €93,862 | +€49,744 | +113% |
| Amounts payable | 17/49 | €115,897 | €110,291 | -€5,606 | -4.8% |
| Amounts payable after more than one year | 17 | €12,879 | €11,058 | -€1,821 | -14.1% |
| Financial debts | 170/4 | €12,879 | €11,058 | -€1,821 | -14.1% |
| Amounts payable within one year | 42/48 | €103,018 | €99,233 | -€3,785 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €3,403 | €1,821 | -€1,582 | -46.5% |
| Financial debts | 43 | €5,240 | €5,257 | +€17 | +0.3% |
| Credit institutions | 430/8 | €5,240 | €5,257 | +€17 | +0.3% |
| Trade debts | 44 | €20,624 | €16,008 | -€4,616 | -22.4% |
| Suppliers | 440/4 | €20,624 | €16,008 | -€4,616 | -22.4% |
| Taxes, remuneration and social security | 45 | €36,621 | €42,042 | +€5,421 | +14.8% |
| Taxes | 450/3 | €30,406 | €41,101 | +€10,696 | +35.2% |
| Remuneration and social security | 454/9 | €6,216 | €941 | -€5,274 | -84.9% |
| Other amounts payable | 47/48 | €37,130 | €34,104 | -€3,026 | -8.2% |
| Goods, raw materials, services and sundry goods | 60/61 | €30,880 | €45,091 | +€14,211 | +46.0% |
| Remuneration, social security and pensions | 62 | €24,759 | €24,979 | +€221 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,500 | €6,292 | -€11,208 | -64.0% |
| Other operating charges | 640/8 | €366 | €615 | +€249 | +68.1% |
| Gross operating margin | 9900 | €86,623 | €90,473 | +€3,851 | +4.4% |
| Operating profit (loss) | 9901 | €43,999 | €58,587 | +€14,589 | +33.2% |
| Financial income | 75/76B | €11,157 | €12,621 | +€1,464 | +13.1% |
| Recurring financial income | 75 | €11,157 | €12,621 | +€1,464 | +13.1% |
| Financial charges | 65/66B | €1,504 | €1,801 | +€298 | +19.8% |
| Recurring financial charges | 65 | €1,504 | €1,801 | +€298 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €53,652 | €69,407 | +€15,755 | +29.4% |
| Income taxes | 67/77 | €15,275 | €19,663 | +€4,388 | +28.7% |
| Profit (loss) for the period | 9904 | €38,377 | €49,744 | +€11,367 | +29.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,377 | €49,744 | +€11,367 | +29.6% |
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.