THOMAS KROONEN: 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 KROONEN
Largest movements
- Tangible fixed assets -€18,536
down €18,536 (-33.8%), from €54,876 to €36,340
of which Furniture and vehicles: -€14,442
- Intangible fixed assets -€12,500
down €12,500 (-15.4%), from €81,199 to €68,699
- Cash +€11,033
up €11,033 (+19.0%), from €58,099 to €69,132
mainly Depreciation (+€31,036) and Net result for the year (+€27,077)
- Receivables within one year -€2,689
down €2,689 (-9.7%), from €27,772 to €25,083
of which Trade receivables: -€4,857
- Other debts -€23,665
down €23,665 (-53.0%), from €44,690 to €21,025
- Reserves +€18,455
up €18,455 (+45.2%), from €40,813 to €59,268
- Debts after one year -€15,794
down €15,794 (-18.6%), from €84,809 to €69,015
- Accrued charges and deferred income -€9,978
down €9,978 (-96.8%), from €10,306 to €328
- Profit (loss) carried forward +€8,623
up €8,623 (+46.7%), from €18,455 to €27,078
- Gross operating margin +€2,532
up €2,532 (+3.8%), from €66,620 to €69,152
- Taxes +€1,549
up €1,549 (+24.7%), from €6,283 to €7,832
- Depreciation -€810
down €810 (-2.5%), from €31,846 to €31,036
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 | €224,492 | €200,034 | -€24,458 | -10.9% |
| Fixed assets | 21/28 | €136,075 | €105,039 | -€31,036 | -22.8% |
| Intangible fixed assets | 21 | €81,199 | €68,699 | -€12,500 | -15.4% |
| Tangible fixed assets | 22/27 | €54,876 | €36,340 | -€18,536 | -33.8% |
| Plant, machinery and equipment | 23 | €1,848 | €1,265 | -€583 | -31.5% |
| Furniture and vehicles | 24 | €42,567 | €28,125 | -€14,442 | -33.9% |
| Other tangible fixed assets | 26 | €10,461 | €6,950 | -€3,511 | -33.6% |
| Current assets | 29/58 | €88,417 | €94,995 | +€6,578 | +7.4% |
| Amounts receivable within one year | 40/41 | €27,772 | €25,083 | -€2,689 | -9.7% |
| Trade receivables | 40 | €26,072 | €21,215 | -€4,857 | -18.6% |
| Other amounts receivable | 41 | €1,700 | €3,868 | +€2,168 | +127.5% |
| Cash at bank and in hand | 54/58 | €58,099 | €69,132 | +€11,033 | +19.0% |
| Deferred charges and accrued income | 490/1 | €2,546 | €780 | -€1,766 | -69.4% |
| Total equity and liabilities | 10/49 | €224,492 | €200,034 | -€24,458 | -10.9% |
| Equity | 10/15 | €61,768 | €88,846 | +€27,078 | +43.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €40,813 | €59,268 | +€18,455 | +45.2% |
| Distributable reserves | 133 | €40,813 | €59,268 | +€18,455 | +45.2% |
| Profit (loss) carried forward | 14 | €18,455 | €27,078 | +€8,623 | +46.7% |
| Amounts payable | 17/49 | €162,724 | €111,188 | -€51,536 | -31.7% |
| Amounts payable after more than one year | 17 | €84,809 | €69,015 | -€15,794 | -18.6% |
| Financial debts | 170/4 | €84,809 | €69,015 | -€15,794 | -18.6% |
| Amounts payable within one year | 42/48 | €67,609 | €41,845 | -€25,764 | -38.1% |
| Current portion of amounts payable after more than one year | 42 | €15,342 | €15,794 | +€452 | +2.9% |
| Trade debts | 44 | €2,550 | - | -€2,550 | |
| Suppliers | 440/4 | €2,550 | - | -€2,550 | |
| Taxes, remuneration and social security | 45 | €5,027 | €5,026 | -€1 | 0.0% |
| Taxes | 450/3 | €2,400 | €2,400 | = | 0.0% |
| Remuneration and social security | 454/9 | €2,627 | €2,626 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €44,690 | €21,025 | -€23,665 | -53.0% |
| Accrued charges and deferred income | 492/3 | €10,306 | €328 | -€9,978 | -96.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,846 | €31,036 | -€810 | -2.5% |
| Other operating charges | 640/8 | €1,110 | €705 | -€405 | -36.5% |
| Gross operating margin | 9900 | €66,620 | €69,152 | +€2,532 | +3.8% |
| Operating profit (loss) | 9901 | €33,664 | €37,411 | +€3,747 | +11.1% |
| Financial income | 75/76B | - | €16 | +€16 | |
| Recurring financial income | 75 | - | €16 | +€16 | |
| Financial charges | 65/66B | €3,024 | €2,518 | -€506 | -16.7% |
| Recurring financial charges | 65 | €3,024 | €2,518 | -€506 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €30,640 | €34,909 | +€4,269 | +13.9% |
| Income taxes | 67/77 | €6,283 | €7,832 | +€1,549 | +24.7% |
| Profit (loss) for the period | 9904 | €24,357 | €27,077 | +€2,720 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €24,357 | €27,077 | +€2,720 | +11.2% |
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 9 October 2026 via checked.be.