Thomas De Cuyper: 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 Cuyper
Largest movements
- Cash -€71,446
down €71,446 (-50.0%), from €143,008 to €71,562
mainly Contributions, distributions and other (-€233,600) and Tax, wage and social debts (-€36,184)
- Receivables after one year -€20,000
down €20,000 (-100%), from €20,000 to €0
- Current investments +€18,677
up €18,677 (+45.1%), from €41,371 to €60,048
- Receivables within one year -€14,358
down €14,358 (-89.8%), from €15,993 to €1,635
of which Other amounts receivable: -€15,987
- Reserves -€151,453
down €151,453 (-100%), from €151,453 to €0
- Other debts +€101,077
up €101,077, from €0 to €101,077
- Tax, wage and social debts -€36,184
down €36,184 (-58.9%), from €61,480 to €25,296
- Gross operating margin +€23,719
up €23,719 (+28.3%), from €83,815 to €107,534
- Taxes +€3,529
up €3,529 (+19.2%), from €18,416 to €21,946
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 | €220,372 | €133,245 | -€87,127 | -39.5% |
| Current assets | 29/58 | €220,372 | €133,245 | -€87,127 | -39.5% |
| Amounts receivable after more than one year | 29 | €20,000 | €0 | -€20,000 | -100% |
| Other amounts receivable | 291 | €20,000 | €0 | -€20,000 | -100% |
| Amounts receivable within one year | 40/41 | €15,993 | €1,635 | -€14,358 | -89.8% |
| Trade receivables | 40 | €0 | €1,630 | +€1,630 | |
| Other amounts receivable | 41 | €15,993 | €6 | -€15,987 | -100.0% |
| Current investments | 50/53 | €41,371 | €60,048 | +€18,677 | +45.1% |
| Cash at bank and in hand | 54/58 | €143,008 | €71,562 | -€71,446 | -50.0% |
| Total equity and liabilities | 10/49 | €220,372 | €133,245 | -€87,127 | -39.5% |
| Equity | 10/15 | €156,453 | €5,000 | -€151,453 | -96.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €151,453 | €0 | -€151,453 | -100% |
| Distributable reserves | 133 | €151,453 | €0 | -€151,453 | -100% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €63,919 | €128,245 | +€64,326 | +101% |
| Amounts payable within one year | 42/48 | €63,919 | €128,245 | +€64,326 | +101% |
| Trade debts | 44 | €2,439 | €1,872 | -€567 | -23.3% |
| Suppliers | 440/4 | €2,439 | €1,872 | -€567 | -23.3% |
| Taxes, remuneration and social security | 45 | €61,480 | €25,296 | -€36,184 | -58.9% |
| Taxes | 450/3 | €61,480 | €25,296 | -€36,184 | -58.9% |
| Other amounts payable | 47/48 | €0 | €101,077 | +€101,077 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €690 | €766 | +€75 | +10.9% |
| Gross operating margin | 9900 | €83,815 | €107,534 | +€23,719 | +28.3% |
| Operating profit (loss) | 9901 | €83,125 | €106,769 | +€23,644 | +28.4% |
| Financial income | 75/76B | €1,254 | €825 | -€429 | -34.2% |
| Recurring financial income | 75 | €1,254 | €825 | -€429 | -34.2% |
| Financial charges | 65/66B | €3,819 | €3,502 | -€317 | -8.3% |
| Recurring financial charges | 65 | €3,819 | €3,502 | -€317 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €80,560 | €104,092 | +€23,532 | +29.2% |
| Income taxes | 67/77 | €18,416 | €21,946 | +€3,529 | +19.2% |
| Profit (loss) for the period | 9904 | €62,144 | €82,147 | +€20,003 | +32.2% |
| Profit (loss) for the period to be appropriated | 9905 | €62,144 | €82,147 | +€20,003 | +32.2% |
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 18 October 2026 via checked.be.