Samuel Vanthienen: 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.
Samuel Vanthienen
Largest movements
- Cash +€78,265
up €78,265 (+76.4%), from €102,445 to €180,710
mainly Net result for the year (+€82,834) and Depreciation (+€12,729)
- Deferred charges and accrued income +€20,841
new in 2025: €20,841
- Tangible fixed assets -€5,385
down €5,385 (-12.3%), from €43,909 to €38,524
- Profit (loss) carried forward +€82,833
up €82,833 (+77.9%), from €106,306 to €189,139
- Tax, wage and social debts +€8,188
up €8,188 (+32.7%), from €25,049 to €33,237
of which Remuneration and social security: +€6,215
- Accrued charges and deferred income +€2,699
new in 2025: €2,699
- Gross operating margin +€31,993
up €31,993 (+23.7%), from €135,165 to €167,158
- Staff costs +€12,365
up €12,365 (+32.6%), from €37,913 to €50,278
- Other operating charges -€9,351
down €9,351 (-95.9%), from €9,746 to €395
- Taxes +€5,674
up €5,674 (+35.8%), from €15,864 to €21,538
- Depreciation +€1,684
up €1,684 (+15.2%), from €11,045 to €12,729
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 | €146,354 | €240,075 | +€93,721 | +64.0% |
| Fixed assets | 21/28 | €43,909 | €38,524 | -€5,385 | -12.3% |
| Tangible fixed assets | 22/27 | €43,909 | €38,524 | -€5,385 | -12.3% |
| Furniture and vehicles | 24 | €43,909 | €38,524 | -€5,385 | -12.3% |
| Current assets | 29/58 | €102,445 | €201,551 | +€99,106 | +96.7% |
| Cash at bank and in hand | 54/58 | €102,445 | €180,710 | +€78,265 | +76.4% |
| Deferred charges and accrued income | 490/1 | - | €20,841 | +€20,841 | |
| Total equity and liabilities | 10/49 | €146,354 | €240,075 | +€93,721 | +64.0% |
| Equity | 10/15 | €121,306 | €204,139 | +€82,833 | +68.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €106,306 | €189,139 | +€82,833 | +77.9% |
| Amounts payable | 17/49 | €25,049 | €35,936 | +€10,887 | +43.5% |
| Amounts payable within one year | 42/48 | €25,049 | €33,237 | +€8,188 | +32.7% |
| Taxes, remuneration and social security | 45 | €25,049 | €33,237 | +€8,188 | +32.7% |
| Taxes | 450/3 | €25,049 | €27,022 | +€1,973 | +7.9% |
| Remuneration and social security | 454/9 | - | €6,215 | +€6,215 | |
| Accrued charges and deferred income | 492/3 | - | €2,699 | +€2,699 | |
| Remuneration, social security and pensions | 62 | €37,913 | €50,278 | +€12,365 | +32.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,045 | €12,729 | +€1,684 | +15.2% |
| Other operating charges | 640/8 | €9,746 | €395 | -€9,351 | -95.9% |
| Gross operating margin | 9900 | €135,165 | €167,158 | +€31,993 | +23.7% |
| Operating profit (loss) | 9901 | €76,460 | €103,756 | +€27,296 | +35.7% |
| Financial income | 75/76B | €204 | €663 | +€459 | +224% |
| Recurring financial income | 75 | €204 | €663 | +€459 | +224% |
| Financial charges | 65/66B | €48 | €47 | -€1 | -2.4% |
| Recurring financial charges | 65 | €48 | €47 | -€1 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €76,616 | €104,372 | +€27,756 | +36.2% |
| Income taxes | 67/77 | €15,864 | €21,538 | +€5,674 | +35.8% |
| Profit (loss) for the period | 9904 | €60,753 | €82,834 | +€22,081 | +36.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,753 | €82,834 | +€22,081 | +36.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.