THOMAS AELTERMAN: 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.
THOMAS AELTERMAN
Largest movements
- Cash +€56,558
up €56,558 (+121%), from €46,779 to €103,337
mainly Net result for the year (+€68,869) and Depreciation (+€52,411)
- Tangible fixed assets -€56,412
down €56,412 (-9.7%), from €583,232 to €526,820
- Equity +€32,869
up €32,869 (+13.2%), from €248,321 to €281,190
- Provisions -€26,665
down €26,665 (-21.7%), from €122,885 to €96,220
- Taxes +€40,954
up €40,954 (+1,523%), from €2,689 to €43,642
- Depreciation +€26,259
up €26,259 (+100%), from €26,153 to €52,411
- Gross operating margin -€13,160
down €13,160 (-50.7%), from €25,945 to €12,785
From the 2014 result to the 2015 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 2014 and 2015 balance sheets and the 2015 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2014 | 2015 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €630,065 | €630,253 | +€188 | 0.0% |
| Fixed assets | 21/28 | €583,232 | €526,820 | -€56,412 | -9.7% |
| Tangible fixed assets | 22/27 | €583,232 | €526,820 | -€56,412 | -9.7% |
| Current assets | 29/58 | €46,833 | €103,433 | +€56,600 | +121% |
| Amounts receivable within one year | 40/41 | €54 | €96 | +€42 | +78.9% |
| Cash at bank and in hand | 54/58 | €46,779 | €103,337 | +€56,558 | +121% |
| Total equity and liabilities | 10/49 | €630,065 | €630,253 | +€188 | 0.0% |
| Equity | 10/15 | €248,321 | €281,190 | +€32,869 | +13.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €245,686 | €219,690 | -€25,996 | -10.6% |
| Profit (loss) carried forward | 14 | -€58,866 | -€59,595 | -€730 | -1.2% |
| Provisions and deferred taxes | 16 | €122,885 | €96,220 | -€26,665 | -21.7% |
| Amounts payable | 17/49 | €258,859 | €252,843 | -€6,017 | -2.3% |
| Amounts payable after more than one year | 17 | - | €150,000 | +€150,000 | |
| Amounts payable within one year | 42/48 | €247,696 | €102,226 | -€145,469 | -58.7% |
| Trade debts | 44 | €4,840 | €1,497 | -€3,343 | -69.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,153 | €52,411 | +€26,259 | +100% |
| Gross operating margin | 9900 | €25,945 | €12,785 | -€13,160 | -50.7% |
| Operating profit (loss) | 9901 | -€3,964 | -€42,715 | -€38,751 | -978% |
| Recurring financial income | 75 | €132 | €206 | +€73 | +55.3% |
| Recurring financial charges | 65 | €10,961 | €644 | -€10,317 | -94.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,792 | €85,847 | +€100,639 | |
| Income taxes | 67/77 | €2,689 | €43,642 | +€40,954 | +1,523% |
| Profit (loss) for the period | 9904 | -€11,291 | €68,869 | +€80,160 | |
| Profit (loss) for the period to be appropriated | 9905 | €730 | €120,653 | +€119,923 | +16,430% |
Source: filed annual accounts (NBB), financial years ended 31 December 2014 and 31 December 2015. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.