THIERRY BROOS: 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.
THIERRY BROOS
Largest movements
- Receivables within one year -€24,996
down €24,996 (-94.9%), from €26,343 to €1,347
of which Trade receivables: -€22,380
- Cash -€20,261
down €20,261 (-93.2%), from €21,746 to €1,485
mainly Short-term financial debts (-€50,000) and Current portion of long-term debt (-€30,757)
- Stocks and contracts -€12,000
no longer reported in 2025 (was €12,000)
- Tangible fixed assets -€1,876
down €1,876 (-35.3%), from €5,314 to €3,438
of which Other tangible fixed assets: -€1,654
- Short-term financial debts -€50,000
no longer reported in 2025 (was €50,000)
- Debts after one year +€41,449
up €41,449 (+12.8%), from €324,633 to €366,082
- Current portion of long-term debt -€30,757
no longer reported in 2025 (was €30,757)
- Profit (loss) carried forward -€18,932
down €18,932 (-5.1%), from -€370,405 to -€389,337
- Trade debts -€894
down €894 (-15.6%), from €5,718 to €4,824
- Turnover -€76,500
no longer reported in 2025 (was €76,500)
- Gross operating margin -€47,645
down €47,645, from €34,324 to -€13,321
- Purchases and services -€42,176
no longer reported in 2025 (was €42,176)
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 | €65,403 | €6,269 | -€59,134 | -90.4% |
| Fixed assets | 21/28 | €5,314 | €3,438 | -€1,876 | -35.3% |
| Tangible fixed assets | 22/27 | €5,314 | €3,438 | -€1,876 | -35.3% |
| Furniture and vehicles | 24 | €222 | - | -€222 | |
| Other tangible fixed assets | 26 | €5,092 | €3,438 | -€1,654 | -32.5% |
| Current assets | 29/58 | €60,089 | €2,831 | -€57,258 | -95.3% |
| Stocks and contracts in progress | 3 | €12,000 | - | -€12,000 | |
| Stocks | 30/36 | €12,000 | - | -€12,000 | |
| Amounts receivable within one year | 40/41 | €26,343 | €1,347 | -€24,996 | -94.9% |
| Trade receivables | 40 | €22,380 | - | -€22,380 | |
| Other amounts receivable | 41 | €3,963 | €1,347 | -€2,616 | -66.0% |
| Cash at bank and in hand | 54/58 | €21,746 | €1,485 | -€20,261 | -93.2% |
| Total equity and liabilities | 10/49 | €65,403 | €6,269 | -€59,134 | -90.4% |
| Equity | 10/15 | -€345,705 | -€364,637 | -€18,932 | -5.5% |
| Contributions | 10/11 | €24,700 | €24,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€370,405 | -€389,337 | -€18,932 | -5.1% |
| Amounts payable | 17/49 | €411,108 | €370,906 | -€40,202 | -9.8% |
| Amounts payable after more than one year | 17 | €324,633 | €366,082 | +€41,449 | +12.8% |
| Other amounts payable | 178/9 | €324,633 | €366,082 | +€41,449 | +12.8% |
| Amounts payable within one year | 42/48 | €86,475 | €4,824 | -€81,651 | -94.4% |
| Current portion of amounts payable after more than one year | 42 | €30,757 | - | -€30,757 | |
| Financial debts | 43 | €50,000 | - | -€50,000 | |
| Credit institutions | 430/8 | €50,000 | - | -€50,000 | |
| Trade debts | 44 | €5,718 | €4,824 | -€894 | -15.6% |
| Suppliers | 440/4 | €5,718 | €4,824 | -€894 | -15.6% |
| Turnover | 70 | €76,500 | - | -€76,500 | |
| Goods, raw materials, services and sundry goods | 60/61 | €42,176 | - | -€42,176 | |
| Remuneration, social security and pensions | 62 | -€261 | - | +€261 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,875 | €1,875 | +€0 | 0.0% |
| Other operating charges | 640/8 | €172 | - | -€172 | |
| Non-recurring operating charges | 66A | - | €3,525 | +€3,525 | |
| Gross operating margin | 9900 | €34,324 | -€13,321 | -€47,645 | |
| Operating profit (loss) | 9901 | €32,538 | -€18,721 | -€51,259 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €340 | €211 | -€129 | -37.8% |
| Recurring financial charges | 65 | €340 | €211 | -€129 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €32,198 | -€18,932 | -€51,130 | |
| Profit (loss) for the period | 9904 | €32,198 | -€18,932 | -€51,130 | |
| Profit (loss) for the period to be appropriated | 9905 | €32,198 | -€18,932 | -€51,130 |
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 16 October 2026 via checked.be.