THOMAS CONSEIL: 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 CONSEIL
Largest movements
- Cash +€77,047
up €77,047 (+1729.0%), from €4,456 to €81,503
mainly Net result for the year (+€47,878) and Current investments (+€43,125)
- Current investments -€43,125
down €43,125 (-16.0%), from €269,069 to €225,943
- Reserves +€47,606
up €47,606 (+23.3%), from €204,038 to €251,644
of which Distributable reserves: +€47,606
- Tax, wage and social debts -€8,478
down €8,478 (-75.9%), from €11,170 to €2,692
- Other debts -€5,183
down €5,183 (-30.2%), from €17,144 to €11,961
- Gross operating margin +€33,558
up €33,558 (+69.5%), from €48,281 to €81,839
- Taxes +€15,041
up €15,041 (+86.4%), from €17,401 to €32,441
- Financial income -€2,977
down €2,977 (-49.2%), from €6,050 to €3,073
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 | €297,433 | €331,712 | +€34,278 | +11.5% |
| Fixed assets | 21/28 | €22,649 | €20,196 | -€2,453 | -10.8% |
| Tangible fixed assets | 22/27 | €4,989 | €2,536 | -€2,453 | -49.2% |
| Plant, machinery and equipment | 23 | €2,369 | €1,185 | -€1,185 | -50.0% |
| Furniture and vehicles | 24 | €2,620 | €1,351 | -€1,269 | -48.4% |
| Financial fixed assets | 28 | €17,660 | €17,660 | = | 0.0% |
| Current assets | 29/58 | €274,784 | €311,516 | +€36,732 | +13.4% |
| Amounts receivable within one year | 40/41 | €1,259 | €4,069 | +€2,810 | +223.2% |
| Other amounts receivable | 41 | €1,259 | €4,069 | +€2,810 | +223.2% |
| Current investments | 50/53 | €269,069 | €225,943 | -€43,125 | -16.0% |
| Cash at bank and in hand | 54/58 | €4,456 | €81,503 | +€77,047 | +1729.0% |
| Total equity and liabilities | 10/49 | €297,433 | €331,712 | +€34,278 | +11.5% |
| Equity | 10/15 | €268,705 | €316,311 | +€47,606 | +17.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €204,038 | €251,644 | +€47,606 | +23.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €202,178 | €249,784 | +€47,606 | +23.5% |
| Profit (loss) carried forward | 14 | €46,067 | €46,067 | = | 0.0% |
| Amounts payable | 17/49 | €28,729 | €15,401 | -€13,328 | -46.4% |
| Amounts payable within one year | 42/48 | €28,729 | €15,401 | -€13,328 | -46.4% |
| Trade debts | 44 | €415 | €748 | +€334 | +80.6% |
| Suppliers | 440/4 | €415 | €748 | +€334 | +80.6% |
| Taxes, remuneration and social security | 45 | €11,170 | €2,692 | -€8,478 | -75.9% |
| Taxes | 450/3 | €11,170 | €2,692 | -€8,478 | -75.9% |
| Other amounts payable | 47/48 | €17,144 | €11,961 | -€5,183 | -30.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,346 | €2,453 | +€107 | +4.6% |
| Other operating charges | 640/8 | €1,649 | €1,805 | +€155 | +9.4% |
| Gross operating margin | 9900 | €48,281 | €81,839 | +€33,558 | +69.5% |
| Operating profit (loss) | 9901 | €44,285 | €77,581 | +€33,295 | +75.2% |
| Financial income | 75/76B | €6,050 | €3,073 | -€2,977 | -49.2% |
| Recurring financial income | 75 | €6,050 | €3,073 | -€2,977 | -49.2% |
| Financial charges | 65/66B | €488 | €334 | -€154 | -31.5% |
| Recurring financial charges | 65 | €488 | €334 | -€154 | -31.5% |
| Profit (loss) for the period before taxes | 9903 | €49,847 | €80,320 | +€30,473 | +61.1% |
| Income taxes | 67/77 | €17,401 | €32,441 | +€15,041 | +86.4% |
| Profit (loss) for the period | 9904 | €32,446 | €47,878 | +€15,432 | +47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €32,446 | €47,878 | +€15,432 | +47.6% |
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 8 October 2026 via checked.be.