Thomas Coomans: 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 Coomans
Largest movements
- Receivables within one year -€28,005
down €28,005 (-23.1%), from €121,455 to €93,450
of which Trade receivables: -€55,650
- Tangible fixed assets -€20,751
down €20,751 (-7.0%), from €295,619 to €274,868
of which Furniture and vehicles: -€10,466
- Intangible fixed assets -€8,500
down €8,500 (-44.4%), from €19,125 to €10,625
- Cash +€6,888
up €6,888 (+219%), from €3,149 to €10,037
mainly Depreciation (+€31,951) and Tax, wage and social debts (+€31,632)
- Profit (loss) carried forward -€45,738
no longer reported in 2025 (was €45,738)
- Reserves +€44,343
new in 2025: €44,343
- Tax, wage and social debts +€31,632
up €31,632 (+47.0%), from €67,365 to €98,996
of which Taxes: +€21,328
- Debts after one year -€30,418
down €30,418 (-14.3%), from €212,285 to €181,867
- Current portion of long-term debt -€28,301
down €28,301 (-48.2%), from €58,719 to €30,418
- Gross operating margin -€103,142
down €103,142 (-51.9%), from €198,747 to €95,605
- Staff costs -€77,400
down €77,400 (-61.2%), from €126,565 to €49,165
- Taxes -€6,920
down €6,920 (-89.1%), from €7,768 to €849
- Other operating charges -€4,434
down €4,434 (-48.9%), from €9,071 to €4,637
- Financial income -€3,944
down €3,944 (-87.6%), from €4,501 to €556
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 | €482,157 | €434,042 | -€48,114 | -10.0% |
| Fixed assets | 21/28 | €319,694 | €290,943 | -€28,751 | -9.0% |
| Intangible fixed assets | 21 | €19,125 | €10,625 | -€8,500 | -44.4% |
| Tangible fixed assets | 22/27 | €295,619 | €274,868 | -€20,751 | -7.0% |
| Land and buildings | 22 | €277,000 | €267,651 | -€9,349 | -3.4% |
| Plant, machinery and equipment | 23 | €936 | €0 | -€936 | -100% |
| Furniture and vehicles | 24 | €17,683 | €7,217 | -€10,466 | -59.2% |
| Financial fixed assets | 28 | €4,950 | €5,450 | +€500 | +10.1% |
| Current assets | 29/58 | €162,463 | €143,100 | -€19,363 | -11.9% |
| Stocks and contracts in progress | 3 | €37,859 | €37,859 | = | 0.0% |
| Stocks | 30/36 | €37,859 | €37,859 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €121,455 | €93,450 | -€28,005 | -23.1% |
| Trade receivables | 40 | €108,669 | €53,019 | -€55,650 | -51.2% |
| Other amounts receivable | 41 | €12,786 | €40,430 | +€27,645 | +216% |
| Cash at bank and in hand | 54/58 | €3,149 | €10,037 | +€6,888 | +219% |
| Deferred charges and accrued income | 490/1 | €0 | €1,753 | +€1,753 | |
| Total equity and liabilities | 10/49 | €482,157 | €434,042 | -€48,114 | -10.0% |
| Equity | 10/15 | €85,738 | €84,343 | -€1,395 | -1.6% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | - | €44,343 | +€44,343 | |
| Distributable reserves | 133 | - | €44,343 | +€44,343 | |
| Profit (loss) carried forward | 14 | €45,738 | - | -€45,738 | |
| Amounts payable | 17/49 | €396,419 | €349,699 | -€46,720 | -11.8% |
| Amounts payable after more than one year | 17 | €212,285 | €181,867 | -€30,418 | -14.3% |
| Financial debts | 170/4 | €212,285 | €181,867 | -€30,418 | -14.3% |
| Amounts payable within one year | 42/48 | €184,134 | €167,832 | -€16,302 | -8.9% |
| Current portion of amounts payable after more than one year | 42 | €58,719 | €30,418 | -€28,301 | -48.2% |
| Financial debts | 43 | €16,209 | €12,609 | -€3,600 | -22.2% |
| Credit institutions | 430/8 | €16,209 | €12,609 | -€3,600 | -22.2% |
| Trade debts | 44 | €32,410 | €7,186 | -€25,224 | -77.8% |
| Suppliers | 440/4 | €32,410 | €7,186 | -€25,224 | -77.8% |
| Taxes, remuneration and social security | 45 | €67,365 | €98,996 | +€31,632 | +47.0% |
| Taxes | 450/3 | €48,306 | €69,634 | +€21,328 | +44.2% |
| Remuneration and social security | 454/9 | €19,058 | €29,362 | +€10,304 | +54.1% |
| Other amounts payable | 47/48 | €9,431 | €18,623 | +€9,192 | +97.5% |
| Remuneration, social security and pensions | 62 | €126,565 | €49,165 | -€77,400 | -61.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,639 | €31,951 | -€688 | -2.1% |
| Other operating charges | 640/8 | €9,071 | €4,637 | -€4,434 | -48.9% |
| Gross operating margin | 9900 | €198,747 | €95,605 | -€103,142 | -51.9% |
| Operating profit (loss) | 9901 | €30,472 | €9,851 | -€20,621 | -67.7% |
| Financial income | 75/76B | €4,501 | €556 | -€3,944 | -87.6% |
| Recurring financial income | 75 | €4,501 | €556 | -€3,944 | -87.6% |
| Financial charges | 65/66B | €10,090 | €10,954 | +€864 | +8.6% |
| Recurring financial charges | 65 | €10,090 | €10,954 | +€864 | +8.6% |
| Profit (loss) for the period before taxes | 9903 | €24,884 | -€546 | -€25,430 | |
| Income taxes | 67/77 | €7,768 | €849 | -€6,920 | -89.1% |
| Profit (loss) for the period | 9904 | €17,115 | -€1,395 | -€18,510 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,115 | -€1,395 | -€18,510 |
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 23 October 2026 via checked.be.