THOMAS LUYTEN: 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 LUYTEN
Largest movements
- Cash +€40,526
up €40,526 (+920%), from €4,407 to €44,933
mainly Net result for the year (+€53,813) and Tax, wage and social debts (+€7,532)
- Receivables within one year +€23,285
up €23,285 (+89.8%), from €25,936 to €49,221
of which Other amounts receivable: +€12,591
- Reserves +€53,813
up €53,813 (+852%), from €6,317 to €60,130
- Tax, wage and social debts +€7,532
up €7,532 (+94.5%), from €7,974 to €15,506
- Other debts +€1,560
new in 2025: €1,560
- Accrued charges and deferred income +€1,131
up €1,131 (+904%), from €125 to €1,256
- Gross operating margin +€88,030
up €88,030, from -€23,097 to €64,932
- Taxes +€5,833
up €5,833 (+2,899%), from €201 to €6,035
- Other operating charges +€1,492
up €1,492 (+189%), from €789 to €2,282
- Financial charges +€876
up €876 (+292%), from €300 to €1,176
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 | €34,018 | €97,218 | +€63,200 | +186% |
| Fixed assets | 21/28 | €3,675 | €3,064 | -€611 | -16.6% |
| Tangible fixed assets | 22/27 | €3,675 | €3,064 | -€611 | -16.6% |
| Plant, machinery and equipment | 23 | €1,457 | €1,298 | -€158 | -10.9% |
| Furniture and vehicles | 24 | €2,218 | €1,766 | -€453 | -20.4% |
| Current assets | 29/58 | €30,343 | €94,154 | +€63,811 | +210% |
| Amounts receivable within one year | 40/41 | €25,936 | €49,221 | +€23,285 | +89.8% |
| Trade receivables | 40 | €8,362 | €19,057 | +€10,694 | +128% |
| Other amounts receivable | 41 | €17,573 | €30,164 | +€12,591 | +71.6% |
| Cash at bank and in hand | 54/58 | €4,407 | €44,933 | +€40,526 | +920% |
| Total equity and liabilities | 10/49 | €34,018 | €97,218 | +€63,200 | +186% |
| Equity | 10/15 | €18,817 | €72,630 | +€53,813 | +286% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €6,317 | €60,130 | +€53,813 | +852% |
| Distributable reserves | 133 | €6,317 | €60,130 | +€53,813 | +852% |
| Amounts payable | 17/49 | €15,200 | €24,587 | +€9,387 | +61.8% |
| Amounts payable within one year | 42/48 | €15,075 | €23,332 | +€8,256 | +54.8% |
| Trade debts | 44 | €7,101 | €6,265 | -€836 | -11.8% |
| Suppliers | 440/4 | €7,101 | €6,265 | -€836 | -11.8% |
| Taxes, remuneration and social security | 45 | €7,974 | €15,506 | +€7,532 | +94.5% |
| Taxes | 450/3 | €7,974 | €15,506 | +€7,532 | +94.5% |
| Other amounts payable | 47/48 | - | €1,560 | +€1,560 | |
| Accrued charges and deferred income | 492/3 | €125 | €1,256 | +€1,131 | +904% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,449 | €1,627 | +€178 | +12.3% |
| Other operating charges | 640/8 | €789 | €2,282 | +€1,492 | +189% |
| Gross operating margin | 9900 | -€23,097 | €64,932 | +€88,030 | |
| Operating profit (loss) | 9901 | -€25,335 | €61,024 | +€86,359 | |
| Financial charges | 65/66B | €300 | €1,176 | +€876 | +292% |
| Recurring financial charges | 65 | €300 | €1,176 | +€876 | +292% |
| Profit (loss) for the period before taxes | 9903 | -€25,636 | €59,848 | +€85,483 | |
| Income taxes | 67/77 | €201 | €6,035 | +€5,833 | +2,899% |
| Profit (loss) for the period | 9904 | -€25,837 | €53,813 | +€79,650 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,837 | €53,813 | +€79,650 |
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 16 October 2026 via checked.be.