Thomas Bosschem: 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 Bosschem
Largest movements
- Cash +€262,113
up €262,113 (+199%), from €131,629 to €393,742
mainly Net result for the year (+€149,099) and Current investments (+€120,000)
- Current investments -€120,000
no longer reported in 2025 (was €120,000)
- Receivables within one year -€24,937
down €24,937 (-40.8%), from €61,181 to €36,244
of which Trade receivables: -€24,910
- Tangible fixed assets -€5,059
down €5,059 (-66.2%), from €7,642 to €2,584
of which Furniture and vehicles: -€4,718
- Profit (loss) carried forward +€100,000
new in 2025: €100,000
- Other debts +€19,128
up €19,128 (+23,341%), from €82 to €19,209
- Tax, wage and social debts -€5,669
down €5,669 (-22.5%), from €25,227 to €19,558
of which Taxes: -€5,643
- Gross operating margin -€19,543
down €19,543 (-9.1%), from €214,251 to €194,708
- Financial income +€4,209
up €4,209 (+2,102%), from €200 to €4,409
- Taxes -€3,777
down €3,777 (-7.9%), from €47,587 to €43,810
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.
Derived cash bridge
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 | €320,561 | €434,000 | +€113,439 | +35.4% |
| Fixed assets | 21/28 | €7,642 | €2,584 | -€5,059 | -66.2% |
| Tangible fixed assets | 22/27 | €7,642 | €2,584 | -€5,059 | -66.2% |
| Plant, machinery and equipment | 23 | €376 | €35 | -€341 | -90.6% |
| Furniture and vehicles | 24 | €7,266 | €2,548 | -€4,718 | -64.9% |
| Current assets | 29/58 | €312,919 | €431,417 | +€118,497 | +37.9% |
| Amounts receivable within one year | 40/41 | €61,181 | €36,244 | -€24,937 | -40.8% |
| Trade receivables | 40 | €61,154 | €36,244 | -€24,910 | -40.7% |
| Other amounts receivable | 41 | €26 | - | -€26 | |
| Current investments | 50/53 | €120,000 | - | -€120,000 | |
| Cash at bank and in hand | 54/58 | €131,629 | €393,742 | +€262,113 | +199% |
| Deferred charges and accrued income | 490/1 | €110 | €1,431 | +€1,321 | +1,203% |
| Total equity and liabilities | 10/49 | €320,561 | €434,000 | +€113,439 | +35.4% |
| Equity | 10/15 | €295,204 | €395,204 | +€100,000 | +33.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €292,204 | €292,204 | = | 0.0% |
| Distributable reserves | 133 | €292,204 | €292,204 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €100,000 | +€100,000 | |
| Amounts payable | 17/49 | €25,357 | €38,796 | +€13,439 | +53.0% |
| Amounts payable within one year | 42/48 | €25,343 | €38,767 | +€13,424 | +53.0% |
| Trade debts | 44 | €34 | - | -€34 | |
| Suppliers | 440/4 | €34 | - | -€34 | |
| Taxes, remuneration and social security | 45 | €25,227 | €19,558 | -€5,669 | -22.5% |
| Taxes | 450/3 | €25,201 | €19,558 | -€5,643 | -22.4% |
| Remuneration and social security | 454/9 | €26 | - | -€26 | |
| Other amounts payable | 47/48 | €82 | €19,209 | +€19,128 | +23,341% |
| Accrued charges and deferred income | 492/3 | €14 | €28 | +€15 | +107% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,773 | €5,653 | -€120 | -2.1% |
| Other operating charges | 640/8 | €259 | €208 | -€52 | -19.9% |
| Non-recurring operating charges | 66A | - | €248 | +€248 | |
| Gross operating margin | 9900 | €214,251 | €194,708 | -€19,543 | -9.1% |
| Operating profit (loss) | 9901 | €208,219 | €188,599 | -€19,619 | -9.4% |
| Financial income | 75/76B | €200 | €4,409 | +€4,209 | +2,102% |
| Recurring financial income | 75 | €200 | €4,409 | +€4,209 | +2,102% |
| Financial charges | 65/66B | €83 | €99 | +€16 | +19.3% |
| Recurring financial charges | 65 | €83 | €99 | +€16 | +19.3% |
| Profit (loss) for the period before taxes | 9903 | €208,336 | €192,909 | -€15,427 | -7.4% |
| Income taxes | 67/77 | €47,587 | €43,810 | -€3,777 | -7.9% |
| Profit (loss) for the period | 9904 | €160,748 | €149,099 | -€11,649 | -7.2% |
| Profit (loss) for the period to be appropriated | 9905 | €160,748 | €149,099 | -€11,649 | -7.2% |
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 18 October 2026 via checked.be.