THOMAS DE BOCK: 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 BOCK
Largest movements
- Receivables within one year +€20,787
up €20,787 (+133%), from €15,601 to €36,388
of which Other amounts receivable: +€29,287
- Tangible fixed assets -€6,316
down €6,316 (-19.1%), from €33,091 to €26,774
- Cash +€3,231
up €3,231 (+11,542%), from €28 to €3,259
mainly Net result for the year (+€21,351) and Tax, wage and social debts (+€8,434)
- Reserves +€21,351
up €21,351 (+194%), from €10,980 to €32,331
- Debts after one year -€12,308
down €12,308 (-35.7%), from €34,457 to €22,149
- Tax, wage and social debts +€8,434
up €8,434 (+104%), from €8,147 to €16,580
of which Taxes: +€10,034
- Trade debts -€1,533
down €1,533 (-57.3%), from €2,675 to €1,142
- Current portion of long-term debt +€935
up €935 (+8.2%), from €11,372 to €12,308
- Gross operating margin +€19,034
up €19,034 (+81.0%), from €23,495 to €42,529
- Taxes +€4,887
up €4,887 (+95.0%), from €5,147 to €10,034
- Depreciation +€2,467
up €2,467 (+43.4%), from €5,689 to €8,155
- Financial charges +€797
up €797 (+53.8%), from €1,481 to €2,277
- Other operating charges +€513
up €513 (+258%), from €199 to €712
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 | €74,187 | €91,421 | +€17,234 | +23.2% |
| Formation expenses | 20 | €468 | €0 | -€468 | -100% |
| Fixed assets | 21/28 | €58,091 | €51,774 | -€6,316 | -10.9% |
| Tangible fixed assets | 22/27 | €33,091 | €26,774 | -€6,316 | -19.1% |
| Furniture and vehicles | 24 | €33,091 | €26,774 | -€6,316 | -19.1% |
| Financial fixed assets | 28 | €25,000 | €25,000 | = | 0.0% |
| Current assets | 29/58 | €15,629 | €39,647 | +€24,018 | +154% |
| Amounts receivable within one year | 40/41 | €15,601 | €36,388 | +€20,787 | +133% |
| Trade receivables | 40 | €14,350 | €5,850 | -€8,500 | -59.2% |
| Other amounts receivable | 41 | €1,251 | €30,538 | +€29,287 | +2,342% |
| Cash at bank and in hand | 54/58 | €28 | €3,259 | +€3,231 | +11,542% |
| Total equity and liabilities | 10/49 | €74,187 | €91,421 | +€17,234 | +23.2% |
| Equity | 10/15 | €15,980 | €37,331 | +€21,351 | +134% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €10,980 | €32,331 | +€21,351 | +194% |
| Distributable reserves | 133 | €10,980 | €32,331 | +€21,351 | +194% |
| Amounts payable | 17/49 | €58,207 | €54,090 | -€4,117 | -7.1% |
| Amounts payable after more than one year | 17 | €34,457 | €22,149 | -€12,308 | -35.7% |
| Financial debts | 170/4 | €34,457 | €22,149 | -€12,308 | -35.7% |
| Amounts payable within one year | 42/48 | €23,750 | €31,941 | +€8,190 | +34.5% |
| Current portion of amounts payable after more than one year | 42 | €11,372 | €12,308 | +€935 | +8.2% |
| Trade debts | 44 | €2,675 | €1,142 | -€1,533 | -57.3% |
| Suppliers | 440/4 | €2,675 | €1,142 | -€1,533 | -57.3% |
| Taxes, remuneration and social security | 45 | €8,147 | €16,580 | +€8,434 | +104% |
| Taxes | 450/3 | €5,147 | €15,180 | +€10,034 | +195% |
| Remuneration and social security | 454/9 | €3,000 | €1,400 | -€1,600 | -53.3% |
| Other amounts payable | 47/48 | €1,556 | €1,911 | +€355 | +22.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,689 | €8,155 | +€2,467 | +43.4% |
| Other operating charges | 640/8 | €199 | €712 | +€513 | +258% |
| Gross operating margin | 9900 | €23,495 | €42,529 | +€19,034 | +81.0% |
| Operating profit (loss) | 9901 | €17,608 | €33,662 | +€16,054 | +91.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €1,481 | €2,277 | +€797 | +53.8% |
| Recurring financial charges | 65 | €1,481 | €2,277 | +€797 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | €16,127 | €31,384 | +€15,258 | +94.6% |
| Income taxes | 67/77 | €5,147 | €10,034 | +€4,887 | +95.0% |
| Profit (loss) for the period | 9904 | €10,980 | €21,351 | +€10,371 | +94.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,980 | €21,351 | +€10,371 | +94.4% |
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 15 October 2026 via checked.be.