Thomas De Meyer: 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 Meyer
Largest movements
- Cash +€35,852
up €35,852 (+446.3%), from €8,034 to €43,886
mainly Net result for the year (+€34,432) and Depreciation (+€26,036)
- Receivables within one year +€35,536
up €35,536 (+238.5%), from €14,900 to €50,436
of which Trade receivables: +€47,787
- Tangible fixed assets -€26,036
down €26,036 (-8.8%), from €296,317 to €270,281
of which Furniture and vehicles: -€14,411
- Reserves +€34,432
up €34,432 (+35.3%), from €97,568 to €132,000
of which Distributable reserves: +€34,432
- Debts after one year -€10,265
down €10,265 (-7.0%), from €146,384 to €136,120
- Accrued charges and deferred income +€9,000
new in 2025: €9,000
- Trade debts +€5,897
up €5,897 (+16.8%), from €35,127 to €41,024
- Tax, wage and social debts +€4,547
up €4,547 (+71.6%), from €6,352 to €10,899
of which Taxes: +€5,642
- Gross operating margin +€35,029
up €35,029 (+70.8%), from €49,453 to €84,481
- Depreciation +€10,103
up €10,103 (+63.4%), from €15,932 to €26,036
- Other operating charges +€2,206
new in 2025: €2,206
- Taxes +€1,877
up €1,877 (+12.9%), from €14,540 to €16,417
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 | €319,250 | €364,603 | +€45,353 | +14.2% |
| Fixed assets | 21/28 | €296,317 | €270,281 | -€26,036 | -8.8% |
| Tangible fixed assets | 22/27 | €296,317 | €270,281 | -€26,036 | -8.8% |
| Land and buildings | 22 | €227,926 | €216,301 | -€11,625 | -5.1% |
| Furniture and vehicles | 24 | €68,390 | €53,980 | -€14,411 | -21.1% |
| Current assets | 29/58 | €22,934 | €94,322 | +€71,388 | +311.3% |
| Amounts receivable within one year | 40/41 | €14,900 | €50,436 | +€35,536 | +238.5% |
| Trade receivables | 40 | €2,649 | €50,436 | +€47,787 | +1804.1% |
| Other amounts receivable | 41 | €12,251 | - | -€12,251 | |
| Cash at bank and in hand | 54/58 | €8,034 | €43,886 | +€35,852 | +446.3% |
| Total equity and liabilities | 10/49 | €319,250 | €364,603 | +€45,353 | +14.2% |
| Equity | 10/15 | €116,168 | €150,600 | +€34,432 | +29.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €97,568 | €132,000 | +€34,432 | +35.3% |
| 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 | €95,708 | €130,140 | +€34,432 | +36.0% |
| Amounts payable | 17/49 | €203,083 | €214,003 | +€10,920 | +5.4% |
| Amounts payable after more than one year | 17 | €146,384 | €136,120 | -€10,265 | -7.0% |
| Financial debts | 170/4 | €146,384 | €136,120 | -€10,265 | -7.0% |
| Amounts payable within one year | 42/48 | €56,698 | €68,883 | +€12,185 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €8,419 | €9,513 | +€1,094 | +13.0% |
| Trade debts | 44 | €35,127 | €41,024 | +€5,897 | +16.8% |
| Suppliers | 440/4 | €35,127 | €41,024 | +€5,897 | +16.8% |
| Taxes, remuneration and social security | 45 | €6,352 | €10,899 | +€4,547 | +71.6% |
| Taxes | 450/3 | - | €5,642 | +€5,642 | |
| Remuneration and social security | 454/9 | €6,352 | €5,257 | -€1,095 | -17.2% |
| Other amounts payable | 47/48 | €6,800 | €7,447 | +€647 | +9.5% |
| Accrued charges and deferred income | 492/3 | - | €9,000 | +€9,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,932 | €26,036 | +€10,103 | +63.4% |
| Other operating charges | 640/8 | - | €2,206 | +€2,206 | |
| Gross operating margin | 9900 | €49,453 | €84,481 | +€35,029 | +70.8% |
| Operating profit (loss) | 9901 | €33,520 | €56,240 | +€22,720 | +67.8% |
| Financial income | 75/76B | €493 | €295 | -€198 | -40.1% |
| Recurring financial income | 75 | €493 | €295 | -€198 | -40.1% |
| Financial charges | 65/66B | €6,169 | €5,686 | -€483 | -7.8% |
| Recurring financial charges | 65 | €6,169 | €5,686 | -€483 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €27,844 | €50,849 | +€23,005 | +82.6% |
| Income taxes | 67/77 | €14,540 | €16,417 | +€1,877 | +12.9% |
| Profit (loss) for the period | 9904 | €13,305 | €34,432 | +€21,128 | +158.8% |
| Profit (loss) for the period to be appropriated | 9905 | €13,305 | €34,432 | +€21,128 | +158.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.