Thomas: what changed
Two fiscal 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.
Thomas
Largest movements
- Receivables within one year -€20,648
down €20,648 (-29.1%), from €70,928 to €50,280
of which Trade receivables: -€11,245
- Stocks and contracts -€8,500
down €8,500 (-70.5%), from €12,063 to €3,563
- Deferred charges and accrued income +€6,243
up €6,243 (+349.4%), from €1,787 to €8,030
- Trade debts -€23,467
down €23,467 (-68.6%), from €34,223 to €10,756
- Tax, wage and social debts +€5,758
up €5,758 (+26.9%), from €21,414 to €27,171
of which Remuneration and social security: +€2,889
- Reserves -€4,570
down €4,570 (-4.9%), from €93,028 to €88,459
- Staff costs +€5,893
up €5,893 (+4.4%), from €132,905 to €138,798
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 | €167,257 | €144,978 | -€22,279 | -13.3% |
| Fixed assets | 21/28 | €2,154 | €1,506 | -€648 | -30.1% |
| Tangible fixed assets | 22/27 | €2,154 | €1,506 | -€648 | -30.1% |
| Furniture and vehicles | 24 | €2,154 | €1,506 | -€648 | -30.1% |
| Current assets | 29/58 | €165,103 | €143,472 | -€21,631 | -13.1% |
| Stocks and contracts in progress | 3 | €12,063 | €3,563 | -€8,500 | -70.5% |
| Stocks | 30/36 | €12,063 | €3,563 | -€8,500 | -70.5% |
| Amounts receivable within one year | 40/41 | €70,928 | €50,280 | -€20,648 | -29.1% |
| Trade receivables | 40 | €61,049 | €49,804 | -€11,245 | -18.4% |
| Other amounts receivable | 41 | €9,879 | €476 | -€9,403 | -95.2% |
| Cash at bank and in hand | 54/58 | €80,325 | €81,599 | +€1,274 | +1.6% |
| Deferred charges and accrued income | 490/1 | €1,787 | €8,030 | +€6,243 | +349.4% |
| Total equity and liabilities | 10/49 | €167,257 | €144,978 | -€22,279 | -13.3% |
| Equity | 10/15 | €111,620 | €107,051 | -€4,570 | -4.1% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €93,028 | €88,459 | -€4,570 | -4.9% |
| Distributable reserves | 133 | €93,028 | €88,459 | -€4,570 | -4.9% |
| Amounts payable | 17/49 | €55,637 | €37,927 | -€17,709 | -31.8% |
| Amounts payable within one year | 42/48 | €55,637 | €37,927 | -€17,709 | -31.8% |
| Trade debts | 44 | €34,223 | €10,756 | -€23,467 | -68.6% |
| Suppliers | 440/4 | €34,223 | €10,756 | -€23,467 | -68.6% |
| Taxes, remuneration and social security | 45 | €21,414 | €27,171 | +€5,758 | +26.9% |
| Taxes | 450/3 | €6,654 | €9,523 | +€2,869 | +43.1% |
| Remuneration and social security | 454/9 | €14,760 | €17,649 | +€2,889 | +19.6% |
| Remuneration, social security and pensions | 62 | €132,905 | €138,798 | +€5,893 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €737 | €648 | -€89 | -12.1% |
| Other operating charges | 640/8 | €4,905 | €4,370 | -€535 | -10.9% |
| Gross operating margin | 9900 | €145,004 | €144,137 | -€868 | -0.6% |
| Operating profit (loss) | 9901 | €6,457 | €320 | -€6,137 | -95.0% |
| Financial income | 75/76B | €0 | €1 | +€1 | +10100.0% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +10100.0% |
| Financial charges | 65/66B | €4,714 | €4,645 | -€69 | -1.5% |
| Recurring financial charges | 65 | €4,714 | €4,645 | -€69 | -1.5% |
| Profit (loss) for the period before taxes | 9903 | €1,743 | -€4,323 | -€6,066 | |
| Income taxes | 67/77 | €1,240 | €246 | -€993 | -80.1% |
| Profit (loss) for the period | 9904 | €504 | -€4,570 | -€5,073 | |
| Profit (loss) for the period to be appropriated | 9905 | €504 | -€4,570 | -€5,073 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.