Thibaut Barbe: what changed
Two fiscal 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.
Thibaut Barbe
Largest movements
- Cash -€19,079
down €19,079 (-99.5%), from €19,177 to €99
mainly Net result for the year (-€19,604) and Tax, wage and social debts (-€18,786)
- Tangible fixed assets -€2,849
down €2,849 (-39.7%), from €7,183 to €4,334
of which Furniture and vehicles: -€2,459
- Receivables within one year -€1,562
down €1,562 (-92.2%), from €1,694 to €132
of which Trade receivables: -€1,215
- Profit (loss) carried forward -€19,604
down €19,604 (-35.3%), from -€55,536 to -€75,140
- Tax, wage and social debts -€18,786
down €18,786 (-100.0%), from €18,786 to €0
of which Taxes: -€18,786
- Other debts +€14,606
up €14,606 (+38.7%), from €37,708 to €52,314
- Trade debts +€294
up €294 (+230.5%), from €128 to €422
- Gross operating margin +€64,065
up €64,065 (+78.4%), from -€81,690 to -€17,624
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.
Cash bridge derived
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 | €28,054 | €4,564 | -€23,489 | -83.7% |
| Fixed assets | 21/28 | €7,183 | €4,334 | -€2,849 | -39.7% |
| Tangible fixed assets | 22/27 | €7,183 | €4,334 | -€2,849 | -39.7% |
| Furniture and vehicles | 24 | €5,833 | €3,374 | -€2,459 | -42.2% |
| Other tangible fixed assets | 26 | €1,350 | €960 | -€390 | -28.9% |
| Current assets | 29/58 | €20,871 | €230 | -€20,640 | -98.9% |
| Amounts receivable within one year | 40/41 | €1,694 | €132 | -€1,562 | -92.2% |
| Trade receivables | 40 | €1,215 | €0 | -€1,215 | -100.0% |
| Other amounts receivable | 41 | €479 | €132 | -€347 | -72.4% |
| Cash at bank and in hand | 54/58 | €19,177 | €99 | -€19,079 | -99.5% |
| Total equity and liabilities | 10/49 | €28,054 | €4,564 | -€23,489 | -83.7% |
| Equity | 10/15 | -€28,600 | -€48,204 | -€19,604 | -68.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €25,936 | €25,936 | = | 0.0% |
| Distributable reserves | 133 | €25,936 | €25,936 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,536 | -€75,140 | -€19,604 | -35.3% |
| Amounts payable | 17/49 | €56,654 | €52,768 | -€3,886 | -6.9% |
| Amounts payable within one year | 42/48 | €56,622 | €52,736 | -€3,886 | -6.9% |
| Trade debts | 44 | €128 | €422 | +€294 | +230.5% |
| Suppliers | 440/4 | €128 | €422 | +€294 | +230.5% |
| Taxes, remuneration and social security | 45 | €18,786 | €0 | -€18,786 | -100.0% |
| Taxes | 450/3 | €18,786 | €0 | -€18,786 | -100.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €37,708 | €52,314 | +€14,606 | +38.7% |
| Accrued charges and deferred income | 492/3 | €32 | €32 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,849 | €2,849 | +€0 | 0.0% |
| Gross operating margin | 9900 | -€81,690 | -€17,624 | +€64,065 | +78.4% |
| Operating profit (loss) | 9901 | -€84,538 | -€20,473 | +€64,065 | +75.8% |
| Financial income | 75/76B | €626 | €1,020 | +€394 | +62.9% |
| Recurring financial income | 75 | €626 | €1,020 | +€394 | +62.9% |
| Financial charges | 65/66B | €153 | €151 | -€3 | -1.7% |
| Recurring financial charges | 65 | €153 | €151 | -€3 | -1.7% |
| Profit (loss) for the period before taxes | 9903 | -€84,066 | -€19,604 | +€64,462 | +76.7% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€84,066 | -€19,604 | +€64,462 | +76.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€84,066 | -€19,604 | +€64,462 | +76.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.