SEBASTIEN COUTURIAUX: what changed
SEBASTIEN COUTURIAUX
Largest movements
- Cash +€51,275
up €51,275 (+85.9%), from €59,669 to €110,945
mainly Net result for the year (+€63,473) and Receivables within one year (+€9,503)
- Receivables within one year -€9,503
down €9,503 (-35.8%), from €26,510 to €17,008
of which Trade receivables: -€9,053
- Deferred charges and accrued income +€2,170
up €2,170 (+2,173%), from €100 to €2,270
- Reserves +€43,931
up €43,931 (+51.0%), from €86,195 to €130,125
- Trade debts +€2,545
up €2,545 (+144%), from €1,762 to €4,307
- Tax, wage and social debts -€2,353
down €2,353 (-10.3%), from €22,815 to €20,461
of which Taxes: -€4,361
- Gross operating margin +€20,729
up €20,729 (+27.1%), from €76,527 to €97,256
- Taxes +€5,009
up €5,009 (+24.9%), from €20,130 to €25,139
- Financial charges +€2,055
up €2,055 (+67.3%), from €3,054 to €5,109
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 | €111,518 | €155,733 | +€44,215 | +39.6% |
| Fixed assets | 21/28 | €25,239 | €25,511 | +€272 | +1.1% |
| Tangible fixed assets | 22/27 | €5,239 | €5,511 | +€272 | +5.2% |
| Plant, machinery and equipment | 23 | €1,981 | €1,474 | -€507 | -25.6% |
| Furniture and vehicles | 24 | €3,257 | €4,036 | +€779 | +23.9% |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €86,280 | €130,223 | +€43,943 | +50.9% |
| Amounts receivable within one year | 40/41 | €26,510 | €17,008 | -€9,503 | -35.8% |
| Trade receivables | 40 | €25,049 | €15,996 | -€9,053 | -36.1% |
| Other amounts receivable | 41 | €1,462 | €1,012 | -€450 | -30.8% |
| Cash at bank and in hand | 54/58 | €59,669 | €110,945 | +€51,275 | +85.9% |
| Deferred charges and accrued income | 490/1 | €100 | €2,270 | +€2,170 | +2,173% |
| Total equity and liabilities | 10/49 | €111,518 | €155,733 | +€44,215 | +39.6% |
| Equity | 10/15 | €86,195 | €130,125 | +€43,931 | +51.0% |
| Reserves | 13 | €86,195 | €130,125 | +€43,931 | +51.0% |
| Distributable reserves | 133 | €86,195 | €130,125 | +€43,931 | +51.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €25,324 | €25,608 | +€284 | +1.1% |
| Amounts payable within one year | 42/48 | €25,324 | €25,608 | +€284 | +1.1% |
| Financial debts | 43 | €748 | €839 | +€92 | +12.3% |
| Credit institutions | 430/8 | €748 | €839 | +€92 | +12.3% |
| Trade debts | 44 | €1,762 | €4,307 | +€2,545 | +144% |
| Suppliers | 440/4 | €1,762 | €4,307 | +€2,545 | +144% |
| Taxes, remuneration and social security | 45 | €22,815 | €20,461 | -€2,353 | -10.3% |
| Taxes | 450/3 | €22,022 | €17,661 | -€4,361 | -19.8% |
| Remuneration and social security | 454/9 | €792 | €2,800 | +€2,008 | +253% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,497 | €2,591 | +€93 | +3.7% |
| Other operating charges | 640/8 | €776 | €1,012 | +€236 | +30.5% |
| Gross operating margin | 9900 | €76,527 | €97,256 | +€20,729 | +27.1% |
| Operating profit (loss) | 9901 | €73,254 | €93,654 | +€20,400 | +27.8% |
| Financial income | 75/76B | €80 | €67 | -€13 | -16.2% |
| Recurring financial income | 75 | €80 | €67 | -€13 | -16.2% |
| Financial charges | 65/66B | €3,054 | €5,109 | +€2,055 | +67.3% |
| Recurring financial charges | 65 | €3,054 | €5,109 | +€2,055 | +67.3% |
| Profit (loss) for the period before taxes | 9903 | €70,279 | €88,612 | +€18,333 | +26.1% |
| Income taxes | 67/77 | €20,130 | €25,139 | +€5,009 | +24.9% |
| Profit (loss) for the period | 9904 | €50,150 | €63,473 | +€13,323 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €50,150 | €63,473 | +€13,323 | +26.6% |
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.