Stéphanie Thys: 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.
Stéphanie Thys
Largest movements
- Cash +€33,477
up €33,477 (+1,867%), from €1,793 to €35,269
mainly Net result for the year (+€28,952) and Trade debts (+€8,849)
- Receivables within one year +€10,378
up €10,378 (+814%), from €1,275 to €11,652
of which Trade receivables: +€10,589
- Tangible fixed assets +€725
up €725 (+62.9%), from €1,152 to €1,878
- Profit (loss) carried forward +€28,952
up €28,952, from -€2,108 to €26,844
- Trade debts +€8,849
up €8,849 (+1,538%), from €575 to €9,424
- Tax, wage and social debts +€6,800
new in 2025: €6,800
- Gross operating margin +€39,174
up €39,174, from -€1,843 to €37,331
- Taxes +€6,804
up €6,804, from -€4 to €6,800
- Depreciation +€519
up €519 (+136%), from €382 to €901
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 | €7,963 | €52,542 | +€44,580 | +560% |
| Fixed assets | 21/28 | €1,152 | €1,878 | +€725 | +62.9% |
| Tangible fixed assets | 22/27 | €1,152 | €1,878 | +€725 | +62.9% |
| Furniture and vehicles | 24 | €1,152 | €1,878 | +€725 | +62.9% |
| Current assets | 29/58 | €6,810 | €50,665 | +€43,854 | +644% |
| Stocks and contracts in progress | 3 | €3,743 | €3,743 | = | 0.0% |
| Stocks | 30/36 | €3,743 | €3,743 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,275 | €11,652 | +€10,378 | +814% |
| Trade receivables | 40 | €709 | €11,298 | +€10,589 | +1,493% |
| Other amounts receivable | 41 | €566 | €355 | -€211 | -37.3% |
| Cash at bank and in hand | 54/58 | €1,793 | €35,269 | +€33,477 | +1,867% |
| Total equity and liabilities | 10/49 | €7,963 | €52,542 | +€44,580 | +560% |
| Equity | 10/15 | €3,892 | €32,844 | +€28,952 | +744% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,108 | €26,844 | +€28,952 | |
| Amounts payable | 17/49 | €4,071 | €19,698 | +€15,628 | +384% |
| Amounts payable within one year | 42/48 | €4,071 | €19,698 | +€15,628 | +384% |
| Trade debts | 44 | €575 | €9,424 | +€8,849 | +1,538% |
| Suppliers | 440/4 | €575 | €9,424 | +€8,849 | +1,538% |
| Taxes, remuneration and social security | 45 | - | €6,800 | +€6,800 | |
| Taxes | 450/3 | - | €6,800 | +€6,800 | |
| Other amounts payable | 47/48 | €3,495 | €3,474 | -€21 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €382 | €901 | +€519 | +136% |
| Other operating charges | 640/8 | €64 | €417 | +€353 | +554% |
| Gross operating margin | 9900 | -€1,843 | €37,331 | +€39,174 | |
| Operating profit (loss) | 9901 | -€2,289 | €36,012 | +€38,301 | |
| Financial income | 75/76B | - | €9 | +€9 | |
| Recurring financial income | 75 | - | €9 | +€9 | |
| Financial charges | 65/66B | €226 | €269 | +€44 | +19.4% |
| Recurring financial charges | 65 | €226 | €269 | +€44 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,515 | €35,752 | +€38,267 | |
| Income taxes | 67/77 | -€4 | €6,800 | +€6,804 | |
| Profit (loss) for the period | 9904 | -€2,511 | €28,952 | +€31,463 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,511 | €28,952 | +€31,463 |
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 16 October 2026 via checked.be.