THIERRY GIL: 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 GIL
Largest movements
- Cash +€141,198
up €141,198 (+26.6%), from €529,914 to €671,112
- Reserves +€152,683
up €152,683 (+39.6%), from €385,778 to €538,462
of which Distributable reserves: +€157,428
- Contributions -€12,400
no longer reported in 2024 (was €12,400)
- Other debts -€10,395
down €10,395 (-38.6%), from €26,957 to €16,562
- Gross operating margin +€31,473
up €31,473 (+39.9%), from €78,813 to €110,286
- Taxes +€9,760
up €9,760 (+41.5%), from €23,529 to €33,289
- Financial income +€1,758
up €1,758 (+17583100.0%), from €0 to €1,758
From the 2022 result to the 2024 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2022 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €542,368 | €674,127 | +€131,759 | +24.3% |
| Fixed assets | 21/28 | €1,990 | €641 | -€1,350 | -67.8% |
| Tangible fixed assets | 22/27 | €1,990 | €641 | -€1,350 | -67.8% |
| Furniture and vehicles | 24 | €1,990 | €641 | -€1,350 | -67.8% |
| Current assets | 29/58 | €540,378 | €673,486 | +€133,109 | +24.6% |
| Amounts receivable within one year | 40/41 | €1,563 | - | -€1,563 | |
| Trade receivables | 40 | €300 | - | -€300 | |
| Other amounts receivable | 41 | €1,263 | - | -€1,263 | |
| Cash at bank and in hand | 54/58 | €529,914 | €671,112 | +€141,198 | +26.6% |
| Deferred charges and accrued income | 490/1 | €8,900 | €2,374 | -€6,526 | -73.3% |
| Total equity and liabilities | 10/49 | €542,368 | €674,127 | +€131,759 | +24.3% |
| Equity | 10/15 | €495,895 | €636,178 | +€140,283 | +28.3% |
| Contributions | 10/11 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €385,778 | €538,462 | +€152,683 | +39.6% |
| Non-distributable reserves | 130/1 | €4,745 | - | -€4,745 | |
| Reserves not available under the articles | 1311 | €4,745 | - | -€4,745 | |
| Distributable reserves | 133 | €381,034 | €538,462 | +€157,428 | +41.3% |
| Profit (loss) carried forward | 14 | €97,717 | €97,717 | = | 0.0% |
| Amounts payable | 17/49 | €46,473 | €37,949 | -€8,524 | -18.3% |
| Amounts payable within one year | 42/48 | €40,933 | €37,949 | -€2,984 | -7.3% |
| Trade debts | 44 | €4,335 | €7,426 | +€3,090 | +71.3% |
| Suppliers | 440/4 | €4,335 | €7,426 | +€3,090 | +71.3% |
| Taxes, remuneration and social security | 45 | €9,641 | €13,961 | +€4,321 | +44.8% |
| Taxes | 450/3 | €9,641 | €13,961 | +€4,321 | +44.8% |
| Other amounts payable | 47/48 | €26,957 | €16,562 | -€10,395 | -38.6% |
| Accrued charges and deferred income | 492/3 | €5,540 | - | -€5,540 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,107 | €587 | -€521 | -47.0% |
| Other operating charges | 640/8 | - | €387 | +€387 | |
| Gross operating margin | 9900 | €78,813 | €110,286 | +€31,473 | +39.9% |
| Operating profit (loss) | 9901 | €77,706 | €109,312 | +€31,606 | +40.7% |
| Financial income | 75/76B | €0 | €1,758 | +€1,758 | +17583100.0% |
| Recurring financial income | 75 | €0 | €1,758 | +€1,758 | +17583100.0% |
| Financial charges | 65/66B | €105 | €162 | +€57 | +54.6% |
| Recurring financial charges | 65 | €105 | €162 | +€57 | +54.6% |
| Profit (loss) for the period before taxes | 9903 | €77,601 | €110,908 | +€33,307 | +42.9% |
| Income taxes | 67/77 | €23,529 | €33,289 | +€9,760 | +41.5% |
| Profit (loss) for the period | 9904 | €54,072 | €77,618 | +€23,546 | +43.5% |
| Profit (loss) for the period to be appropriated | 9905 | €54,072 | €77,618 | +€23,546 | +43.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.