THOMAS BOIS: 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 BOIS
Largest movements
- Cash +€81,901
up €81,901 (+968.5%), from €8,457 to €90,357
mainly Net result for the year (+€69,898) and Tax, wage and social debts (+€28,090)
- Tangible fixed assets -€14,037
down €14,037 (-16.9%), from €83,180 to €69,142
of which Furniture and vehicles: -€37,669
- Receivables within one year +€13,473
up €13,473 (+319.0%), from €4,224 to €17,697
of which Trade receivables: +€12,901
- Reserves +€69,000
up €69,000 (+345.0%), from €20,000 to €89,000
- Tax, wage and social debts +€28,090
up €28,090 (+232.1%), from €12,104 to €40,194
- Current portion of long-term debt -€22,157
no longer reported in 2025 (was €22,157)
- Trade debts +€5,695
up €5,695 (+3950.5%), from €144 to €5,840
- Gross operating margin +€51,636
up €51,636 (+60.1%), from €85,885 to €137,520
- Depreciation -€29,427
down €29,427 (-55.9%), from €52,663 to €23,236
- Taxes +€27,575
up €27,575 (+278.1%), from €9,914 to €37,488
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 | €99,876 | €180,717 | +€80,841 | +80.9% |
| Fixed assets | 21/28 | €83,315 | €69,277 | -€14,037 | -16.8% |
| Tangible fixed assets | 22/27 | €83,180 | €69,142 | -€14,037 | -16.9% |
| Plant, machinery and equipment | 23 | €5,655 | €130 | -€5,525 | -97.7% |
| Furniture and vehicles | 24 | €77,525 | €39,856 | -€37,669 | -48.6% |
| Other tangible fixed assets | 26 | - | €29,156 | +€29,156 | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €16,562 | €111,440 | +€94,878 | +572.9% |
| Amounts receivable within one year | 40/41 | €4,224 | €17,697 | +€13,473 | +319.0% |
| Trade receivables | 40 | €640 | €13,541 | +€12,901 | +2015.9% |
| Other amounts receivable | 41 | €3,584 | €4,156 | +€572 | +16.0% |
| Cash at bank and in hand | 54/58 | €8,457 | €90,357 | +€81,901 | +968.5% |
| Deferred charges and accrued income | 490/1 | €3,882 | €3,385 | -€496 | -12.8% |
| Total equity and liabilities | 10/49 | €99,876 | €180,717 | +€80,841 | +80.9% |
| Equity | 10/15 | €64,065 | €133,963 | +€69,898 | +109.1% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €89,000 | +€69,000 | +345.0% |
| Distributable reserves | 133 | €20,000 | €89,000 | +€69,000 | +345.0% |
| Profit (loss) carried forward | 14 | €34,065 | €34,963 | +€898 | +2.6% |
| Amounts payable | 17/49 | €35,811 | €46,755 | +€10,943 | +30.6% |
| Amounts payable within one year | 42/48 | €35,709 | €46,717 | +€11,008 | +30.8% |
| Current portion of amounts payable after more than one year | 42 | €22,157 | - | -€22,157 | |
| Trade debts | 44 | €144 | €5,840 | +€5,695 | +3950.5% |
| Suppliers | 440/4 | €144 | €5,840 | +€5,695 | +3950.5% |
| Advances received on contracts in progress | 46 | - | €613 | +€613 | |
| Taxes, remuneration and social security | 45 | €12,104 | €40,194 | +€28,090 | +232.1% |
| Taxes | 450/3 | €12,104 | €40,194 | +€28,090 | +232.1% |
| Other amounts payable | 47/48 | €1,304 | €71 | -€1,233 | -94.6% |
| Accrued charges and deferred income | 492/3 | €103 | €38 | -€65 | -63.4% |
| Non-recurring operating income | 76A | - | €69,989 | +€69,989 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,663 | €23,236 | -€29,427 | -55.9% |
| Other operating charges | 640/8 | €866 | €960 | +€94 | +10.9% |
| Non-recurring operating charges | 66A | €336 | €5,445 | +€5,110 | +1522.4% |
| Gross operating margin | 9900 | €85,885 | €137,520 | +€51,636 | +60.1% |
| Operating profit (loss) | 9901 | €32,021 | €107,879 | +€75,858 | +236.9% |
| Financial income | 75/76B | €117 | €153 | +€36 | +30.7% |
| Recurring financial income | 75 | €117 | €153 | +€36 | +30.7% |
| Financial charges | 65/66B | €1,652 | €647 | -€1,006 | -60.9% |
| Recurring financial charges | 65 | €1,652 | €647 | -€1,006 | -60.9% |
| Profit (loss) for the period before taxes | 9903 | €30,486 | €107,386 | +€76,900 | +252.2% |
| Income taxes | 67/77 | €9,914 | €37,488 | +€27,575 | +278.1% |
| Profit (loss) for the period | 9904 | €20,572 | €69,898 | +€49,325 | +239.8% |
| Profit (loss) for the period to be appropriated | 9905 | €20,572 | €69,898 | +€49,325 | +239.8% |
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 12 October 2026 via checked.be.