Thomas De Bie: 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 De Bie
Largest movements
- Cash -€25,159
down €25,159 (-14.0%), from €179,109 to €153,950
mainly Other debts (-€36,539) and Current investments (-€17,579)
- Current investments +€17,579
new in 2025: €17,579
- Receivables within one year +€9,248
up €9,248 (+147%), from €6,284 to €15,532
of which Trade receivables: +€9,230
- Tangible fixed assets -€5,472
down €5,472 (-64.3%), from €8,504 to €3,032
of which Furniture and vehicles: -€5,074
- Reserves +€48,113
up €48,113 (+50.9%), from €94,568 to €142,681
- Other debts -€36,539
down €36,539 (-95.7%), from €38,168 to €1,629
- Current portion of long-term debt -€6,470
down €6,470 (-100%), from €6,470 to €0
- Accrued charges and deferred income -€4,011
down €4,011 (-61.9%), from €6,481 to €2,470
- Debts after one year -€2,200
down €2,200 (-7.0%), from €31,500 to €29,300
- Gross operating margin +€13,485
up €13,485 (+21.8%), from €61,994 to €75,479
- Depreciation -€4,415
down €4,415 (-44.7%), from €9,887 to €5,472
- Taxes +€3,950
up €3,950 (+29.6%), from €13,325 to €17,275
- Financial income -€3,252
down €3,252 (-100%), from €3,252 to €0
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 | €193,897 | €191,869 | -€2,028 | -1.0% |
| Fixed assets | 21/28 | €8,504 | €3,032 | -€5,472 | -64.3% |
| Tangible fixed assets | 22/27 | €8,504 | €3,032 | -€5,472 | -64.3% |
| Plant, machinery and equipment | 23 | €3,430 | - | -€3,430 | |
| Furniture and vehicles | 24 | €5,074 | €0 | -€5,074 | -100% |
| Other tangible fixed assets | 26 | - | €3,032 | +€3,032 | |
| Current assets | 29/58 | €185,393 | €188,837 | +€3,444 | +1.9% |
| Amounts receivable within one year | 40/41 | €6,284 | €15,532 | +€9,248 | +147% |
| Trade receivables | 40 | €1,109 | €10,338 | +€9,230 | +833% |
| Other amounts receivable | 41 | €5,175 | €5,194 | +€19 | +0.4% |
| Current investments | 50/53 | - | €17,579 | +€17,579 | |
| Cash at bank and in hand | 54/58 | €179,109 | €153,950 | -€25,159 | -14.0% |
| Deferred charges and accrued income | 490/1 | - | €1,775 | +€1,775 | |
| Total equity and liabilities | 10/49 | €193,897 | €191,869 | -€2,028 | -1.0% |
| Equity | 10/15 | €99,568 | €147,681 | +€48,113 | +48.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Contributions outside capital | 11 | €5,000 | - | -€5,000 | |
| Other | 1109/19 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €94,568 | €142,681 | +€48,113 | +50.9% |
| Distributable reserves | 133 | €94,568 | €142,681 | +€48,113 | +50.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €94,329 | €44,188 | -€50,141 | -53.2% |
| Amounts payable after more than one year | 17 | €31,500 | €29,300 | -€2,200 | -7.0% |
| Other amounts payable | 178/9 | €31,500 | €29,300 | -€2,200 | -7.0% |
| Amounts payable within one year | 42/48 | €56,348 | €12,418 | -€43,930 | -78.0% |
| Current portion of amounts payable after more than one year | 42 | €6,470 | €0 | -€6,470 | -100% |
| Trade debts | 44 | €1,032 | €542 | -€489 | -47.4% |
| Suppliers | 440/4 | €1,032 | €542 | -€489 | -47.4% |
| Taxes, remuneration and social security | 45 | €10,678 | €10,247 | -€431 | -4.0% |
| Taxes | 450/3 | €6,414 | €10,247 | +€3,833 | +59.8% |
| Remuneration and social security | 454/9 | €4,264 | €0 | -€4,264 | -100% |
| Other amounts payable | 47/48 | €38,168 | €1,629 | -€36,539 | -95.7% |
| Accrued charges and deferred income | 492/3 | €6,481 | €2,470 | -€4,011 | -61.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,887 | €5,472 | -€4,415 | -44.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €227 | +€227 | |
| Other operating charges | 640/8 | €1,153 | €1,423 | +€270 | +23.4% |
| Gross operating margin | 9900 | €61,994 | €75,479 | +€13,485 | +21.8% |
| Operating profit (loss) | 9901 | €50,954 | €68,357 | +€17,403 | +34.2% |
| Financial income | 75/76B | €3,252 | €0 | -€3,252 | -100% |
| Recurring financial income | 75 | €3,252 | €0 | -€3,252 | -100% |
| Financial charges | 65/66B | €2,896 | €2,969 | +€73 | +2.5% |
| Recurring financial charges | 65 | €2,896 | €2,969 | +€73 | +2.5% |
| Profit (loss) for the period before taxes | 9903 | €51,310 | €65,388 | +€14,078 | +27.4% |
| Income taxes | 67/77 | €13,325 | €17,275 | +€3,950 | +29.6% |
| Profit (loss) for the period | 9904 | €37,985 | €48,113 | +€10,128 | +26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €37,985 | €48,113 | +€10,128 | +26.7% |
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 20 October 2026 via checked.be.