Sébastien Van Parys: what changed
Sébastien Van Parys
Largest movements
- Cash -€11,252
down €11,252 (-80.0%), from €14,057 to €2,805
mainly Net result for the year (-€7,738) and Investment in fixed assets (net) (-€5,921)
- Deferred charges and accrued income +€5,282
new in 2025: €5,282
- Receivables within one year -€3,116
down €3,116 (-23.2%), from €13,419 to €10,303
- Tangible fixed assets +€1,614
up €1,614 (+13.8%), from €11,681 to €13,295
of which Plant, machinery and equipment: +€4,061
- Profit (loss) carried forward -€7,738
down €7,738 (-49.2%), from €15,713 to €7,975
- Tax, wage and social debts -€5,113
down €5,113 (-77.3%), from €6,611 to €1,498
of which Taxes: -€3,613
- Other debts +€4,900
up €4,900 (+39.0%), from €12,567 to €17,467
- Trade debts +€479
up €479 (+179%), from €267 to €746
- Gross operating margin -€26,613
down €26,613, from €24,615 to -€1,997
- Taxes -€4,470
no longer reported in 2025 (was €4,470)
- Financial charges +€702
up €702 (+586%), from €120 to €822
- Depreciation +€386
up €386 (+9.8%), from €3,922 to €4,308
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 | €39,158 | €31,685 | -€7,472 | -19.1% |
| Fixed assets | 21/28 | €11,681 | €13,295 | +€1,614 | +13.8% |
| Tangible fixed assets | 22/27 | €11,681 | €13,295 | +€1,614 | +13.8% |
| Plant, machinery and equipment | 23 | €2,869 | €6,930 | +€4,061 | +142% |
| Furniture and vehicles | 24 | €8,812 | €6,365 | -€2,447 | -27.8% |
| Current assets | 29/58 | €27,476 | €18,390 | -€9,086 | -33.1% |
| Amounts receivable within one year | 40/41 | €13,419 | €10,303 | -€3,116 | -23.2% |
| Trade receivables | 40 | €13,419 | €10,303 | -€3,116 | -23.2% |
| Cash at bank and in hand | 54/58 | €14,057 | €2,805 | -€11,252 | -80.0% |
| Deferred charges and accrued income | 490/1 | - | €5,282 | +€5,282 | |
| Total equity and liabilities | 10/49 | €39,158 | €31,685 | -€7,472 | -19.1% |
| Equity | 10/15 | €19,713 | €11,975 | -€7,738 | -39.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,713 | €7,975 | -€7,738 | -49.2% |
| Amounts payable | 17/49 | €19,445 | €19,711 | +€266 | +1.4% |
| Amounts payable within one year | 42/48 | €19,445 | €19,711 | +€266 | +1.4% |
| Trade debts | 44 | €267 | €746 | +€479 | +179% |
| Suppliers | 440/4 | €267 | €746 | +€479 | +179% |
| Taxes, remuneration and social security | 45 | €6,611 | €1,498 | -€5,113 | -77.3% |
| Taxes | 450/3 | €5,111 | €1,498 | -€3,613 | -70.7% |
| Remuneration and social security | 454/9 | €1,500 | - | -€1,500 | |
| Other amounts payable | 47/48 | €12,567 | €17,467 | +€4,900 | +39.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,922 | €4,308 | +€386 | +9.8% |
| Other operating charges | 640/8 | €398 | €611 | +€213 | +53.7% |
| Gross operating margin | 9900 | €24,615 | -€1,997 | -€26,613 | |
| Operating profit (loss) | 9901 | €20,296 | -€6,916 | -€27,212 | |
| Financial income | 75/76B | €7 | €0 | -€7 | -99.6% |
| Recurring financial income | 75 | €7 | €0 | -€7 | -99.6% |
| Financial charges | 65/66B | €120 | €822 | +€702 | +586% |
| Recurring financial charges | 65 | €120 | €822 | +€702 | +586% |
| Profit (loss) for the period before taxes | 9903 | €20,182 | -€7,738 | -€27,921 | |
| Income taxes | 67/77 | €4,470 | - | -€4,470 | |
| Profit (loss) for the period | 9904 | €15,713 | -€7,738 | -€23,451 | |
| Profit (loss) for the period to be appropriated | 9905 | €15,713 | -€7,738 | -€23,451 |
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 3 November 2026 via checked.be.