Thomas Chellingsworth: what changed
Thomas Chellingsworth
Largest movements
- Receivables within one year +€408,256
up €408,256 (+82,769%), from €493 to €408,749
of which Trade receivables: +€408,662
- Cash -€57,693
down €57,693 (-16.5%), from €350,320 to €292,628
mainly Receivables within one year (-€408,256) and Smaller working-capital items (-€552)
- Tangible fixed assets -€9,150
down €9,150 (-70.7%), from €12,936 to €3,785
of which Furniture and vehicles: -€8,844
- Reserves +€233,470
up €233,470 (+126%), from €186,017 to €419,487
of which Distributable reserves: +€233,470
- Tax, wage and social debts +€101,750
up €101,750 (+334%), from €30,447 to €132,198
- Gross operating margin +€269,473
up €269,473 (+335%), from €80,453 to €349,925
- Taxes +€86,952
up €86,952 (+416%), from €20,916 to €107,868
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €363,767 | €705,162 | +€341,395 | +93.8% |
| Fixed assets | 21/28 | €12,936 | €3,785 | -€9,150 | -70.7% |
| Tangible fixed assets | 22/27 | €12,936 | €3,785 | -€9,150 | -70.7% |
| Plant, machinery and equipment | 23 | €552 | €246 | -€306 | -55.5% |
| Furniture and vehicles | 24 | €12,383 | €3,540 | -€8,844 | -71.4% |
| Current assets | 29/58 | €350,832 | €701,377 | +€350,545 | +99.9% |
| Amounts receivable within one year | 40/41 | €493 | €408,749 | +€408,256 | +82,769% |
| Trade receivables | 40 | €0 | €408,662 | +€408,662 | |
| Other amounts receivable | 41 | €493 | €87 | -€406 | -82.3% |
| Cash at bank and in hand | 54/58 | €350,320 | €292,628 | -€57,693 | -16.5% |
| Deferred charges and accrued income | 490/1 | €18 | €0 | -€18 | -100% |
| Total equity and liabilities | 10/49 | €363,767 | €705,162 | +€341,395 | +93.8% |
| Equity | 10/15 | €329,028 | €562,498 | +€233,470 | +71.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €186,017 | €419,487 | +€233,470 | +126% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €186,017 | €419,487 | +€233,470 | +126% |
| Profit (loss) carried forward | 14 | €130,611 | €130,611 | = | 0.0% |
| Amounts payable | 17/49 | €34,739 | €142,664 | +€107,925 | +311% |
| Amounts payable within one year | 42/48 | €34,739 | €142,664 | +€107,925 | +311% |
| Trade debts | 44 | €330 | €7,075 | +€6,745 | +2,042% |
| Suppliers | 440/4 | €330 | €7,075 | +€6,745 | +2,042% |
| Taxes, remuneration and social security | 45 | €30,447 | €132,198 | +€101,750 | +334% |
| Taxes | 450/3 | €30,447 | €132,198 | +€101,750 | +334% |
| Other amounts payable | 47/48 | €3,962 | €3,392 | -€570 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,150 | €9,150 | = | 0.0% |
| Other operating charges | 640/8 | €1,349 | €720 | -€629 | -46.7% |
| Gross operating margin | 9900 | €80,453 | €349,925 | +€269,473 | +335% |
| Operating profit (loss) | 9901 | €69,953 | €340,056 | +€270,102 | +386% |
| Financial income | 75/76B | €1,214 | €1,574 | +€360 | +29.6% |
| Recurring financial income | 75 | €1,214 | €1,574 | +€360 | +29.6% |
| Financial charges | 65/66B | €261 | €292 | +€31 | +11.7% |
| Recurring financial charges | 65 | €261 | €292 | +€31 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €70,907 | €341,338 | +€270,432 | +381% |
| Income taxes | 67/77 | €20,916 | €107,868 | +€86,952 | +416% |
| Profit (loss) for the period | 9904 | €49,991 | €233,470 | +€183,479 | +367% |
| Profit (loss) for the period to be appropriated | 9905 | €49,991 | €233,470 | +€183,479 | +367% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 October 2024 and 31 October 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.