THERESE DE BRUYNE: 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.
THERESE DE BRUYNE
Largest movements
- Receivables within one year +€18,103
up €18,103 (+29.4%), from €61,679 to €79,783
of which Other amounts receivable: +€12,236
- Tangible fixed assets -€2,698
down €2,698 (-28.7%), from €9,402 to €6,704
of which Furniture and vehicles: -€2,500
- Deferred charges and accrued income -€906
down €906 (-70.8%), from €1,281 to €374
- Profit (loss) carried forward +€22,420
up €22,420 (+185%), from €12,133 to €34,553
- Other debts -€10,000
down €10,000 (-100%), from €10,000 to €0
- Tax, wage and social debts +€6,633
up €6,633 (+28.3%), from €23,402 to €30,034
- Trade debts -€5,310
down €5,310 (-68.9%), from €7,703 to €2,393
- Other operating charges +€1,643
up €1,643 (+230%), from €713 to €2,356
- Financial charges +€1,620
up €1,620 (+71.0%), from €2,284 to €3,904
- Gross operating margin +€914
up €914 (+2.2%), from €40,845 to €41,759
- Taxes -€542
down €542 (-5.6%), from €9,620 to €9,079
- Depreciation +€500
up €500 (+14.3%), from €3,503 to €4,004
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 | €72,361 | €86,861 | +€14,500 | +20.0% |
| Fixed assets | 21/28 | €9,402 | €6,704 | -€2,698 | -28.7% |
| Tangible fixed assets | 22/27 | €9,402 | €6,704 | -€2,698 | -28.7% |
| Furniture and vehicles | 24 | €2,596 | €96 | -€2,500 | -96.3% |
| Other tangible fixed assets | 26 | €6,806 | €6,608 | -€198 | -2.9% |
| Current assets | 29/58 | €62,960 | €80,157 | +€17,197 | +27.3% |
| Amounts receivable within one year | 40/41 | €61,679 | €79,783 | +€18,103 | +29.4% |
| Trade receivables | 40 | €25,840 | €31,707 | +€5,867 | +22.7% |
| Other amounts receivable | 41 | €35,839 | €48,075 | +€12,236 | +34.1% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,281 | €374 | -€906 | -70.8% |
| Total equity and liabilities | 10/49 | €72,361 | €86,861 | +€14,500 | +20.0% |
| Equity | 10/15 | €20,193 | €42,613 | +€22,420 | +111% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,133 | €34,553 | +€22,420 | +185% |
| Amounts payable | 17/49 | €52,168 | €44,248 | -€7,920 | -15.2% |
| Amounts payable within one year | 42/48 | €52,168 | €43,624 | -€8,544 | -16.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €11,063 | €11,197 | +€134 | +1.2% |
| Credit institutions | 430/8 | €11,063 | €11,197 | +€134 | +1.2% |
| Trade debts | 44 | €7,703 | €2,393 | -€5,310 | -68.9% |
| Suppliers | 440/4 | €7,703 | €2,393 | -€5,310 | -68.9% |
| Taxes, remuneration and social security | 45 | €23,402 | €30,034 | +€6,633 | +28.3% |
| Taxes | 450/3 | €23,402 | €30,034 | +€6,633 | +28.3% |
| Other amounts payable | 47/48 | €10,000 | €0 | -€10,000 | -100% |
| Accrued charges and deferred income | 492/3 | - | €624 | +€624 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,503 | €4,004 | +€500 | +14.3% |
| Other operating charges | 640/8 | €713 | €2,356 | +€1,643 | +230% |
| Gross operating margin | 9900 | €40,845 | €41,759 | +€914 | +2.2% |
| Operating profit (loss) | 9901 | €36,629 | €35,399 | -€1,230 | -3.4% |
| Financial income | 75/76B | €1 | €2 | +€2 | +298% |
| Recurring financial income | 75 | €1 | €2 | +€2 | +298% |
| Financial charges | 65/66B | €2,284 | €3,904 | +€1,620 | +71.0% |
| Recurring financial charges | 65 | €2,284 | €3,904 | +€1,620 | +71.0% |
| Profit (loss) for the period before taxes | 9903 | €34,346 | €31,498 | -€2,848 | -8.3% |
| Income taxes | 67/77 | €9,620 | €9,079 | -€542 | -5.6% |
| Profit (loss) for the period | 9904 | €24,726 | €22,420 | -€2,307 | -9.3% |
| Profit (loss) for the period to be appropriated | 9905 | €24,726 | €22,420 | -€2,307 | -9.3% |
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 28 October 2026 via checked.be.