Thomas Deryckere: 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 Deryckere
Largest movements
- Current investments -€130,000
down €130,000 (-100%), from €130,000 to €0
- Cash +€69,011
up €69,011 (+187%), from €36,898 to €105,909
mainly Net result for the year (+€192,058) and Current investments (+€130,000)
- Receivables within one year +€27,498
up €27,498 (+1,461%), from €1,882 to €29,380
of which Trade receivables: +€27,469
- Receivables after one year -€10,000
down €10,000 (-16.7%), from €60,000 to €50,000
- Tangible fixed assets -€9,825
down €9,825 (-32.6%), from €30,153 to €20,328
- Other debts -€19,211
down €19,211 (-9.1%), from €211,211 to €192,000
- Tax, wage and social debts -€18,505
down €18,505 (-69.4%), from €26,676 to €8,171
- Debts after one year -€8,485
down €8,485 (-100%), from €8,485 to €0
- Current portion of long-term debt -€5,660
down €5,660 (-40.0%), from €14,144 to €8,485
- Gross operating margin -€18,920
down €18,920 (-6.8%), from €280,192 to €261,273
- Taxes -€5,491
down €5,491 (-8.6%), from €64,141 to €58,650
- Depreciation +€5,107
up €5,107 (+74.9%), from €6,814 to €11,922
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 | €264,073 | €212,167 | -€51,905 | -19.7% |
| Fixed assets | 21/28 | €30,153 | €20,328 | -€9,825 | -32.6% |
| Tangible fixed assets | 22/27 | €30,153 | €20,328 | -€9,825 | -32.6% |
| Furniture and vehicles | 24 | €30,153 | €20,328 | -€9,825 | -32.6% |
| Current assets | 29/58 | €233,920 | €191,840 | -€42,080 | -18.0% |
| Amounts receivable after more than one year | 29 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Other amounts receivable | 291 | €60,000 | €50,000 | -€10,000 | -16.7% |
| Amounts receivable within one year | 40/41 | €1,882 | €29,380 | +€27,498 | +1,461% |
| Trade receivables | 40 | €15 | €27,484 | +€27,469 | +187,248% |
| Other amounts receivable | 41 | €1,867 | €1,896 | +€28 | +1.5% |
| Current investments | 50/53 | €130,000 | €0 | -€130,000 | -100% |
| Cash at bank and in hand | 54/58 | €36,898 | €105,909 | +€69,011 | +187% |
| Deferred charges and accrued income | 490/1 | €5,140 | €6,551 | +€1,411 | +27.5% |
| Total equity and liabilities | 10/49 | €264,073 | €212,167 | -€51,905 | -19.7% |
| Equity | 10/15 | €1,030 | €1,088 | +€58 | +5.6% |
| Reserves | 13 | €1,030 | €1,088 | +€58 | +5.6% |
| Tax-exempt reserves | 132 | €896 | €896 | = | 0.0% |
| Distributable reserves | 133 | €134 | €192 | +€58 | +43.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €263,042 | €211,079 | -€51,963 | -19.8% |
| Amounts payable after more than one year | 17 | €8,485 | €0 | -€8,485 | -100% |
| Financial debts | 170/4 | €8,485 | €0 | -€8,485 | -100% |
| Amounts payable within one year | 42/48 | €254,383 | €211,079 | -€43,304 | -17.0% |
| Current portion of amounts payable after more than one year | 42 | €14,144 | €8,485 | -€5,660 | -40.0% |
| Trade debts | 44 | €2,353 | €2,424 | +€71 | +3.0% |
| Suppliers | 440/4 | €2,353 | €2,424 | +€71 | +3.0% |
| Taxes, remuneration and social security | 45 | €26,676 | €8,171 | -€18,505 | -69.4% |
| Taxes | 450/3 | €26,676 | €8,171 | -€18,505 | -69.4% |
| Other amounts payable | 47/48 | €211,211 | €192,000 | -€19,211 | -9.1% |
| Accrued charges and deferred income | 492/3 | €175 | €0 | -€175 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,814 | €11,922 | +€5,107 | +74.9% |
| Other operating charges | 640/8 | €748 | €940 | +€192 | +25.7% |
| Gross operating margin | 9900 | €280,192 | €261,273 | -€18,920 | -6.8% |
| Operating profit (loss) | 9901 | €272,630 | €248,411 | -€24,219 | -8.9% |
| Financial income | 75/76B | €1,647 | €3,027 | +€1,380 | +83.8% |
| Recurring financial income | 75 | €1,647 | €3,027 | +€1,380 | +83.8% |
| Financial charges | 65/66B | €1,219 | €730 | -€489 | -40.1% |
| Recurring financial charges | 65 | €1,219 | €730 | -€489 | -40.1% |
| Profit (loss) for the period before taxes | 9903 | €273,058 | €250,708 | -€22,350 | -8.2% |
| Income taxes | 67/77 | €64,141 | €58,650 | -€5,491 | -8.6% |
| Profit (loss) for the period | 9904 | €208,917 | €192,058 | -€16,859 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €208,917 | €192,058 | -€16,859 | -8.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.