THIEBAUT Annick: 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.
THIEBAUT Annick
Largest movements
- Receivables within one year +€24,533
up €24,533 (+2,515%), from €975 to €25,508
of which Other amounts receivable: +€19,589
- Cash +€16,607
up €16,607 (+109%), from €15,240 to €31,847
mainly Net result for the year (+€31,709) and Accrued charges and deferred income (+€12,000)
- Tangible fixed assets -€9,812
down €9,812 (-17.9%), from €54,906 to €45,094
of which Land and buildings: -€8,434
- Profit (loss) carried forward +€31,709
up €31,709, from -€13,861 to €17,849
- Accrued charges and deferred income +€12,000
up €12,000 (+112%), from €10,684 to €22,684
- Other debts -€8,425
down €8,425 (-62.2%), from €13,539 to €5,114
- Trade debts -€3,472
down €3,472 (-57.6%), from €6,029 to €2,557
- Tax, wage and social debts -€1,264
no longer reported in 2025 (was €1,264)
- Gross operating margin +€38,812
up €38,812 (+567%), from €6,849 to €45,661
- Other operating charges -€1,233
down €1,233 (-24.6%), from €5,004 to €3,772
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 | €72,805 | €103,354 | +€30,549 | +42.0% |
| Fixed assets | 21/28 | €56,293 | €45,713 | -€10,579 | -18.8% |
| Tangible fixed assets | 22/27 | €54,906 | €45,094 | -€9,812 | -17.9% |
| Land and buildings | 22 | €48,961 | €40,527 | -€8,434 | -17.2% |
| Plant, machinery and equipment | 23 | €4,805 | €3,884 | -€921 | -19.2% |
| Furniture and vehicles | 24 | €1,140 | €683 | -€457 | -40.1% |
| Financial fixed assets | 28 | €1,387 | €620 | -€767 | -55.3% |
| Current assets | 29/58 | €16,512 | €57,641 | +€41,128 | +249% |
| Stocks and contracts in progress | 3 | €285 | €285 | = | 0.0% |
| Stocks | 30/36 | €285 | €285 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €975 | €25,508 | +€24,533 | +2,515% |
| Trade receivables | 40 | €975 | €5,919 | +€4,944 | +507% |
| Other amounts receivable | 41 | - | €19,589 | +€19,589 | |
| Cash at bank and in hand | 54/58 | €15,240 | €31,847 | +€16,607 | +109% |
| Deferred charges and accrued income | 490/1 | €12 | - | -€12 | |
| Total equity and liabilities | 10/49 | €72,805 | €103,354 | +€30,549 | +42.0% |
| Equity | 10/15 | €41,289 | €72,999 | +€31,709 | +76.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €35,150 | €35,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €33,150 | €33,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,861 | €17,849 | +€31,709 | |
| Amounts payable | 17/49 | €31,516 | €30,355 | -€1,161 | -3.7% |
| Amounts payable within one year | 42/48 | €20,832 | €7,672 | -€13,161 | -63.2% |
| Trade debts | 44 | €6,029 | €2,557 | -€3,472 | -57.6% |
| Suppliers | 440/4 | €6,029 | €2,557 | -€3,472 | -57.6% |
| Taxes, remuneration and social security | 45 | €1,264 | - | -€1,264 | |
| Taxes | 450/3 | €1,264 | - | -€1,264 | |
| Other amounts payable | 47/48 | €13,539 | €5,114 | -€8,425 | -62.2% |
| Accrued charges and deferred income | 492/3 | €10,684 | €22,684 | +€12,000 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,932 | €9,812 | -€120 | -1.2% |
| Other operating charges | 640/8 | €5,004 | €3,772 | -€1,233 | -24.6% |
| Gross operating margin | 9900 | €6,849 | €45,661 | +€38,812 | +567% |
| Operating profit (loss) | 9901 | -€8,087 | €32,078 | +€40,165 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €543 | €368 | -€175 | -32.2% |
| Recurring financial charges | 65 | €543 | €368 | -€175 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | -€8,628 | €31,709 | +€40,338 | |
| Income taxes | 67/77 | €182 | - | -€182 | |
| Profit (loss) for the period | 9904 | -€8,810 | €31,709 | +€40,520 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,810 | €31,709 | +€40,520 |
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 13 October 2026 via checked.be.