Thiebault BINET: 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.
Thiebault BINET
Largest movements
- Tangible fixed assets -€2,017
down €2,017 (-9.6%), from €20,968 to €18,952
of which Furniture and vehicles: -€1,692
- Cash +€1,229
up €1,229 (+8.1%), from €15,137 to €16,366
mainly Depreciation (+€11,801) and Net result for the year (+€3,890)
- Debts after one year -€6,316
down €6,316 (-39.6%), from €15,943 to €9,627
- Profit (loss) carried forward +€3,604
up €3,604 (+53.9%), from €6,687 to €10,292
- Other debts -€1,740
down €1,740 (-10.0%), from €17,386 to €15,646
- Tax, wage and social debts +€1,517
up €1,517 (+358.5%), from €423 to €1,940
- Trade debts +€1,335
up €1,335 (+6768.3%), from €20 to €1,354
- Gross operating margin +€3,072
up €3,072 (+17.9%), from €17,130 to €20,202
- Depreciation +€1,791
up €1,791 (+17.9%), from €10,010 to €11,801
- Taxes +€1,173
up €1,173 (+277.4%), from €423 to €1,596
- Financial charges -€353
down €353 (-21.1%), from €1,674 to €1,321
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 | €48,406 | €47,175 | -€1,230 | -2.5% |
| Fixed assets | 21/28 | €20,968 | €18,952 | -€2,017 | -9.6% |
| Tangible fixed assets | 22/27 | €20,968 | €18,952 | -€2,017 | -9.6% |
| Plant, machinery and equipment | 23 | €18,643 | €18,319 | -€325 | -1.7% |
| Furniture and vehicles | 24 | €2,325 | €633 | -€1,692 | -72.8% |
| Current assets | 29/58 | €27,437 | €28,224 | +€786 | +2.9% |
| Amounts receivable within one year | 40/41 | €12,289 | €11,857 | -€432 | -3.5% |
| Trade receivables | 40 | €11,363 | €10,372 | -€990 | -8.7% |
| Other amounts receivable | 41 | €926 | €1,485 | +€559 | +60.3% |
| Cash at bank and in hand | 54/58 | €15,137 | €16,366 | +€1,229 | +8.1% |
| Deferred charges and accrued income | 490/1 | €12 | €1 | -€11 | -89.0% |
| Total equity and liabilities | 10/49 | €48,406 | €47,175 | -€1,230 | -2.5% |
| Equity | 10/15 | €8,687 | €12,292 | +€3,604 | +41.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,687 | €10,292 | +€3,604 | +53.9% |
| Amounts payable | 17/49 | €39,718 | €34,884 | -€4,835 | -12.2% |
| Amounts payable after more than one year | 17 | €15,943 | €9,627 | -€6,316 | -39.6% |
| Financial debts | 170/4 | €15,943 | €9,627 | -€6,316 | -39.6% |
| Amounts payable within one year | 42/48 | €23,775 | €25,257 | +€1,482 | +6.2% |
| Current portion of amounts payable after more than one year | 42 | €5,946 | €6,316 | +€370 | +6.2% |
| Trade debts | 44 | €20 | €1,354 | +€1,335 | +6768.3% |
| Suppliers | 440/4 | €20 | €1,354 | +€1,335 | +6768.3% |
| Taxes, remuneration and social security | 45 | €423 | €1,940 | +€1,517 | +358.5% |
| Taxes | 450/3 | €423 | €1,940 | +€1,517 | +358.5% |
| Other amounts payable | 47/48 | €17,386 | €15,646 | -€1,740 | -10.0% |
| Remuneration, social security and pensions | 62 | €1,246 | €1,288 | +€42 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,010 | €11,801 | +€1,791 | +17.9% |
| Other operating charges | 640/8 | €299 | €409 | +€110 | +36.9% |
| Gross operating margin | 9900 | €17,130 | €20,202 | +€3,072 | +17.9% |
| Operating profit (loss) | 9901 | €5,576 | €6,704 | +€1,129 | +20.2% |
| Financial income | 75/76B | €1 | €103 | +€102 | +19673.1% |
| Recurring financial income | 75 | €1 | €103 | +€102 | +19673.1% |
| Financial charges | 65/66B | €1,674 | €1,321 | -€353 | -21.1% |
| Recurring financial charges | 65 | €1,674 | €1,321 | -€353 | -21.1% |
| Profit (loss) for the period before taxes | 9903 | €3,902 | €5,486 | +€1,584 | +40.6% |
| Income taxes | 67/77 | €423 | €1,596 | +€1,173 | +277.4% |
| Profit (loss) for the period | 9904 | €3,479 | €3,890 | +€411 | +11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €3,479 | €3,890 | +€411 | +11.8% |
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 12 October 2026 via checked.be.