Thomas Louis: 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 Louis
Largest movements
- Cash +€73,813
up €73,813 (+207%), from €35,663 to €109,475
mainly Net result for the year (+€62,169) and Tax, wage and social debts (+€12,340)
- Reserves +€63,000
up €63,000 (+300%), from €21,000 to €84,000
- Tax, wage and social debts +€12,340
up €12,340 (+88.6%), from €13,935 to €26,274
- Other debts -€3,095
down €3,095 (-39.3%), from €7,879 to €4,784
- Trade debts +€1,986
up €1,986 (+132%), from €1,500 to €3,486
- Gross operating margin +€51,613
up €51,613 (+175%), from €29,552 to €81,166
- Taxes +€10,617
up €10,617 (+162%), from €6,553 to €17,170
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 | €47,204 | €120,604 | +€73,400 | +155% |
| Fixed assets | 21/28 | €1,780 | €1,038 | -€742 | -41.7% |
| Tangible fixed assets | 22/27 | €1,780 | €1,038 | -€742 | -41.7% |
| Furniture and vehicles | 24 | €1,780 | €1,038 | -€742 | -41.7% |
| Current assets | 29/58 | €45,424 | €119,565 | +€74,142 | +163% |
| Current investments | 50/53 | €9,073 | €9,396 | +€323 | +3.6% |
| Cash at bank and in hand | 54/58 | €35,663 | €109,475 | +€73,813 | +207% |
| Deferred charges and accrued income | 490/1 | €688 | €694 | +€5 | +0.8% |
| Total equity and liabilities | 10/49 | €47,204 | €120,604 | +€73,400 | +155% |
| Equity | 10/15 | €23,890 | €86,059 | +€62,169 | +260% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €21,000 | €84,000 | +€63,000 | +300% |
| Distributable reserves | 133 | €21,000 | €84,000 | +€63,000 | +300% |
| Profit (loss) carried forward | 14 | €890 | €59 | -€831 | -93.3% |
| Amounts payable | 17/49 | €23,314 | €34,544 | +€11,230 | +48.2% |
| Amounts payable within one year | 42/48 | €23,314 | €34,544 | +€11,230 | +48.2% |
| Trade debts | 44 | €1,500 | €3,486 | +€1,986 | +132% |
| Suppliers | 440/4 | €1,500 | €3,486 | +€1,986 | +132% |
| Taxes, remuneration and social security | 45 | €13,935 | €26,274 | +€12,340 | +88.6% |
| Taxes | 450/3 | €13,935 | €26,274 | +€12,340 | +88.6% |
| Other amounts payable | 47/48 | €7,879 | €4,784 | -€3,095 | -39.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €445 | €742 | +€297 | +66.7% |
| Other operating charges | 640/8 | - | €127 | +€127 | |
| Gross operating margin | 9900 | €29,552 | €81,166 | +€51,613 | +175% |
| Operating profit (loss) | 9901 | €29,107 | €80,297 | +€51,190 | +176% |
| Financial income | 75/76B | €10 | €15 | +€5 | +50.4% |
| Recurring financial income | 75 | €10 | €15 | +€5 | +50.4% |
| Financial charges | 65/66B | €675 | €973 | +€299 | +44.3% |
| Recurring financial charges | 65 | €675 | €973 | +€299 | +44.3% |
| Profit (loss) for the period before taxes | 9903 | €28,443 | €79,340 | +€50,896 | +179% |
| Income taxes | 67/77 | €6,553 | €17,170 | +€10,617 | +162% |
| Profit (loss) for the period | 9904 | €21,890 | €62,169 | +€40,279 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €21,890 | €62,169 | +€40,279 | +184% |
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 14 October 2026 via checked.be.