Thomas Frère: what changed
Two fiscal 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 Frère
Largest movements
- Receivables within one year +€72,938
up €72,938 (+2083.9%), from €3,500 to €76,438
of which Trade receivables: +€66,698
- Tangible fixed assets +€3,181
up €3,181 (+99.2%), from €3,206 to €6,386
of which Furniture and vehicles: +€2,388
- Cash +€2,340
up €2,340 (+4.0%), from €58,451 to €60,791
mainly Net result for the year (+€75,746) and Tax, wage and social debts (+€4,694)
- Reserves +€75,746
up €75,746 (+190.1%), from €39,844 to €115,590
- Tax, wage and social debts +€4,694
up €4,694 (+29.1%), from €16,139 to €20,833
- Other debts -€3,042
no longer reported in 2024 (was €3,042)
- Gross operating margin +€37,866
up €37,866 (+61.9%), from €61,171 to €99,037
- Taxes +€9,420
up €9,420 (+82.5%), from €11,413 to €20,833
- Other operating charges -€8,163
down €8,163 (-88.8%), from €9,187 to €1,025
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €65,248 | €143,706 | +€78,458 | +120.2% |
| Fixed assets | 21/28 | €3,297 | €6,477 | +€3,181 | +96.5% |
| Tangible fixed assets | 22/27 | €3,206 | €6,386 | +€3,181 | +99.2% |
| Plant, machinery and equipment | 23 | €3,206 | €3,999 | +€793 | +24.7% |
| Furniture and vehicles | 24 | - | €2,388 | +€2,388 | |
| Financial fixed assets | 28 | €91 | €91 | = | 0.0% |
| Current assets | 29/58 | €61,951 | €137,229 | +€75,278 | +121.5% |
| Amounts receivable within one year | 40/41 | €3,500 | €76,438 | +€72,938 | +2083.9% |
| Trade receivables | 40 | - | €66,698 | +€66,698 | |
| Other amounts receivable | 41 | €3,500 | €9,740 | +€6,240 | +178.3% |
| Cash at bank and in hand | 54/58 | €58,451 | €60,791 | +€2,340 | +4.0% |
| Total equity and liabilities | 10/49 | €65,248 | €143,706 | +€78,458 | +120.2% |
| Equity | 10/15 | €43,844 | €119,590 | +€75,746 | +172.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €39,844 | €115,590 | +€75,746 | +190.1% |
| Distributable reserves | 133 | €39,844 | €115,590 | +€75,746 | +190.1% |
| Amounts payable | 17/49 | €21,404 | €24,116 | +€2,713 | +12.7% |
| Amounts payable within one year | 42/48 | €21,404 | €24,116 | +€2,713 | +12.7% |
| Trade debts | 44 | €2,223 | €3,284 | +€1,061 | +47.7% |
| Suppliers | 440/4 | €2,223 | €3,284 | +€1,061 | +47.7% |
| Taxes, remuneration and social security | 45 | €16,139 | €20,833 | +€4,694 | +29.1% |
| Taxes | 450/3 | €16,139 | €20,833 | +€4,694 | +29.1% |
| Other amounts payable | 47/48 | €3,042 | - | -€3,042 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €688 | €1,393 | +€705 | +102.4% |
| Other operating charges | 640/8 | €9,187 | €1,025 | -€8,163 | -88.8% |
| Gross operating margin | 9900 | €61,171 | €99,037 | +€37,866 | +61.9% |
| Operating profit (loss) | 9901 | €51,296 | €96,619 | +€45,323 | +88.4% |
| Financial income | 75/76B | - | €220 | +€220 | |
| Recurring financial income | 75 | - | €220 | +€220 | |
| Financial charges | 65/66B | €39 | €261 | +€222 | +574.5% |
| Recurring financial charges | 65 | €39 | €261 | +€222 | +574.5% |
| Profit (loss) for the period before taxes | 9903 | €51,257 | €96,578 | +€45,321 | +88.4% |
| Income taxes | 67/77 | €11,413 | €20,833 | +€9,420 | +82.5% |
| Profit (loss) for the period | 9904 | €39,844 | €75,746 | +€35,901 | +90.1% |
| Profit (loss) for the period to be appropriated | 9905 | €39,844 | €75,746 | +€35,901 | +90.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.