Thierry en prime'ur: what changed
Thierry en prime'ur
Largest movements
- Receivables within one year +€19,904
up €19,904 (+477%), from €4,173 to €24,077
of which Trade receivables: +€20,341
- Cash +€7,293
up €7,293 (+20.1%), from €36,359 to €43,652
mainly Debts after one year (+€30,947) and Trade debts (+€28,776)
- Tangible fixed assets +€4,535
up €4,535 (+7.0%), from €64,389 to €68,924
of which Leasing and similar rights: +€6,565
- Stocks and contracts +€3,653
up €3,653 (+27.2%), from €13,454 to €17,107
- Debts after one year +€30,947
up €30,947 (+69.7%), from €44,425 to €75,372
of which Other amounts payable: +€32,000
- Trade debts +€28,776
up €28,776 (+115%), from €24,967 to €53,743
- Profit (loss) carried forward -€13,323
down €13,323 (-186%), from -€7,149 to -€20,472
- Other debts -€9,635
down €9,635 (-96.7%), from €9,968 to €333
- Tax, wage and social debts -€5,541
down €5,541 (-67.0%), from €8,273 to €2,732
of which Taxes: -€4,046
- Gross operating margin -€17,642
down €17,642 (-31.4%), from €56,165 to €38,523
- Staff costs -€12,270
down €12,270 (-38.6%), from €31,825 to €19,555
- Financial income -€1,580
down €1,580 (-84.7%), from €1,865 to €286
of which Non-recurring financial income: -€1,482
- Depreciation +€1,239
up €1,239 (+6.0%), from €20,508 to €21,747
- Other operating charges -€924
down €924 (-27.7%), from €3,334 to €2,410
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,461 | €156,375 | +€35,913 | +29.8% |
| Fixed assets | 21/28 | €65,789 | €70,324 | +€4,535 | +6.9% |
| Tangible fixed assets | 22/27 | €64,389 | €68,924 | +€4,535 | +7.0% |
| Plant, machinery and equipment | 23 | €16,335 | €13,835 | -€2,500 | -15.3% |
| Furniture and vehicles | 24 | €572 | €1,041 | +€469 | +82.1% |
| Leasing and similar rights | 25 | €47,482 | €54,047 | +€6,565 | +13.8% |
| Financial fixed assets | 28 | €1,400 | €1,400 | = | 0.0% |
| Current assets | 29/58 | €54,673 | €86,051 | +€31,379 | +57.4% |
| Stocks and contracts in progress | 3 | €13,454 | €17,107 | +€3,653 | +27.2% |
| Stocks | 30/36 | €13,454 | €17,107 | +€3,653 | +27.2% |
| Amounts receivable within one year | 40/41 | €4,173 | €24,077 | +€19,904 | +477% |
| Trade receivables | 40 | €1,266 | €21,607 | +€20,341 | +1,607% |
| Other amounts receivable | 41 | €2,907 | €2,470 | -€437 | -15.0% |
| Cash at bank and in hand | 54/58 | €36,359 | €43,652 | +€7,293 | +20.1% |
| Deferred charges and accrued income | 490/1 | €687 | €1,215 | +€529 | +77.0% |
| Total equity and liabilities | 10/49 | €120,461 | €156,375 | +€35,913 | +29.8% |
| Equity | 10/15 | €11,451 | -€1,872 | -€13,323 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,149 | -€20,472 | -€13,323 | -186% |
| Amounts payable | 17/49 | €109,010 | €158,247 | +€49,237 | +45.2% |
| Amounts payable after more than one year | 17 | €44,425 | €75,372 | +€30,947 | +69.7% |
| Financial debts | 170/4 | €44,425 | €43,372 | -€1,053 | -2.4% |
| Other amounts payable | 178/9 | - | €32,000 | +€32,000 | |
| Amounts payable within one year | 42/48 | €64,585 | €80,640 | +€16,055 | +24.9% |
| Current portion of amounts payable after more than one year | 42 | €21,377 | €23,831 | +€2,455 | +11.5% |
| Trade debts | 44 | €24,967 | €53,743 | +€28,776 | +115% |
| Suppliers | 440/4 | €24,967 | €53,743 | +€28,776 | +115% |
| Taxes, remuneration and social security | 45 | €8,273 | €2,732 | -€5,541 | -67.0% |
| Taxes | 450/3 | €5,304 | €1,258 | -€4,046 | -76.3% |
| Remuneration and social security | 454/9 | €2,969 | €1,475 | -€1,495 | -50.3% |
| Other amounts payable | 47/48 | €9,968 | €333 | -€9,635 | -96.7% |
| Accrued charges and deferred income | 492/3 | - | €2,235 | +€2,235 | |
| Remuneration, social security and pensions | 62 | €31,825 | €19,555 | -€12,270 | -38.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,508 | €21,747 | +€1,239 | +6.0% |
| Other operating charges | 640/8 | €3,334 | €2,410 | -€924 | -27.7% |
| Gross operating margin | 9900 | €56,165 | €38,523 | -€17,642 | -31.4% |
| Operating profit (loss) | 9901 | €498 | -€5,189 | -€5,687 | |
| Financial income | 75/76B | €1,865 | €286 | -€1,580 | -84.7% |
| Recurring financial income | 75 | €383 | €286 | -€98 | -25.5% |
| Non-recurring financial income | 76B | €1,482 | - | -€1,482 | |
| Financial charges | 65/66B | €7,393 | €6,830 | -€563 | -7.6% |
| Recurring financial charges | 65 | €7,393 | €6,830 | -€563 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,030 | -€11,733 | -€6,704 | -133% |
| Income taxes | 67/77 | €2,125 | €1,590 | -€535 | -25.2% |
| Profit (loss) for the period | 9904 | -€7,155 | -€13,323 | -€6,169 | -86.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,155 | -€13,323 | -€6,169 | -86.2% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.