THESE GUYS: 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.
THESE GUYS
Largest movements
- Receivables within one year -€38,132
down €38,132 (-21.3%), from €179,299 to €141,168
of which Trade receivables: -€46,903
- Intangible fixed assets +€19,865
new in 2025: €19,865
- Cash -€12,368
down €12,368 (-63.3%), from €19,551 to €7,183
mainly Tax, wage and social debts (-€31,035) and Net result for the year (-€25,971)
- Deferred charges and accrued income +€4,794
up €4,794 (+92.1%), from €5,207 to €10,001
- Tangible fixed assets -€2,831
down €2,831 (-53.7%), from €5,272 to €2,441
- Trade debts +€32,252
up €32,252 (+84.2%), from €38,324 to €70,575
- Tax, wage and social debts -€31,035
down €31,035 (-66.8%), from €46,441 to €15,405
of which Taxes: -€20,022
- Profit (loss) carried forward -€25,971
down €25,971 (-26.8%), from €97,034 to €71,063
- Gross operating margin -€36,304
down €36,304 (-27.6%), from €131,553 to €95,250
- Taxes -€5,859
down €5,859 (-96.0%), from €6,100 to €241
- Staff costs +€5,595
up €5,595 (+5.2%), from €106,922 to €112,518
- Financial charges +€1,562
up €1,562 (+63.6%), from €2,455 to €4,017
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 | €214,065 | €185,393 | -€28,671 | -13.4% |
| Fixed assets | 21/28 | €10,007 | €27,041 | +€17,034 | +170% |
| Intangible fixed assets | 21 | - | €19,865 | +€19,865 | |
| Tangible fixed assets | 22/27 | €5,272 | €2,441 | -€2,831 | -53.7% |
| Furniture and vehicles | 24 | €5,272 | €2,441 | -€2,831 | -53.7% |
| Financial fixed assets | 28 | €4,735 | €4,735 | = | 0.0% |
| Current assets | 29/58 | €204,058 | €158,352 | -€45,706 | -22.4% |
| Amounts receivable within one year | 40/41 | €179,299 | €141,168 | -€38,132 | -21.3% |
| Trade receivables | 40 | €176,693 | €129,790 | -€46,903 | -26.5% |
| Other amounts receivable | 41 | €2,607 | €11,377 | +€8,771 | +336% |
| Cash at bank and in hand | 54/58 | €19,551 | €7,183 | -€12,368 | -63.3% |
| Deferred charges and accrued income | 490/1 | €5,207 | €10,001 | +€4,794 | +92.1% |
| Total equity and liabilities | 10/49 | €214,065 | €185,393 | -€28,671 | -13.4% |
| Equity | 10/15 | €117,494 | €91,523 | -€25,971 | -22.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €97,034 | €71,063 | -€25,971 | -26.8% |
| Amounts payable | 17/49 | €96,571 | €93,870 | -€2,701 | -2.8% |
| Amounts payable after more than one year | 17 | €3,079 | €1,034 | -€2,045 | -66.4% |
| Financial debts | 170/4 | €3,079 | €1,034 | -€2,045 | -66.4% |
| Amounts payable within one year | 42/48 | €87,046 | €88,248 | +€1,202 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €2,015 | €2,045 | +€30 | +1.5% |
| Trade debts | 44 | €38,324 | €70,575 | +€32,252 | +84.2% |
| Suppliers | 440/4 | €38,324 | €70,575 | +€32,252 | +84.2% |
| Taxes, remuneration and social security | 45 | €46,441 | €15,405 | -€31,035 | -66.8% |
| Taxes | 450/3 | €23,589 | €3,567 | -€20,022 | -84.9% |
| Remuneration and social security | 454/9 | €22,852 | €11,839 | -€11,013 | -48.2% |
| Other amounts payable | 47/48 | €267 | €222 | -€45 | -16.7% |
| Accrued charges and deferred income | 492/3 | €6,447 | €4,589 | -€1,858 | -28.8% |
| Remuneration, social security and pensions | 62 | €106,922 | €112,518 | +€5,595 | +5.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,214 | €2,842 | -€372 | -11.6% |
| Other operating charges | 640/8 | €1,623 | €1,725 | +€102 | +6.3% |
| Gross operating margin | 9900 | €131,553 | €95,250 | -€36,304 | -27.6% |
| Operating profit (loss) | 9901 | €19,794 | -€21,835 | -€41,629 | |
| Financial income | 75/76B | €380 | €123 | -€256 | -67.5% |
| Recurring financial income | 75 | €380 | €123 | -€256 | -67.5% |
| Financial charges | 65/66B | €2,455 | €4,017 | +€1,562 | +63.6% |
| Recurring financial charges | 65 | €2,455 | €4,017 | +€1,562 | +63.6% |
| Profit (loss) for the period before taxes | 9903 | €17,718 | -€25,729 | -€43,447 | |
| Income taxes | 67/77 | €6,100 | €241 | -€5,859 | -96.0% |
| Profit (loss) for the period | 9904 | €11,618 | -€25,971 | -€37,589 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,618 | -€25,971 | -€37,589 |
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 24 October 2026 via checked.be.