THOMAS MEURICE: 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 MEURICE
Largest movements
- Cash +€186,303
up €186,303 (+133%), from €139,869 to €326,171
mainly Other debts (+€399,106) and Net result for the year (+€231,792)
- Other debts +€399,106
up €399,106 (+176%), from €226,992 to €626,098
- Profit (loss) carried forward -€224,193
no longer reported in 2025 (was €224,193)
- Tax, wage and social debts +€7,387
up €7,387 (+15.9%), from €46,537 to €53,924
- Gross operating margin +€24,824
up €24,824 (+8.8%), from €283,103 to €307,927
- Financial charges +€14,722
up €14,722 (+563%), from €2,617 to €17,339
- Financial income +€4,708
up €4,708 (+45.7%), from €10,303 to €15,010
- Taxes +€4,144
up €4,144 (+6.0%), from €69,084 to €73,228
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 | €504,110 | €691,507 | +€187,397 | +37.2% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €357,088 | €360,538 | +€3,450 | +1.0% |
| Tangible fixed assets | 22/27 | €157 | €3,607 | +€3,450 | +2,200% |
| Furniture and vehicles | 24 | €157 | €3,607 | +€3,450 | +2,200% |
| Financial fixed assets | 28 | €356,931 | €356,931 | = | 0.0% |
| Current assets | 29/58 | €147,022 | €330,969 | +€183,947 | +125% |
| Amounts receivable within one year | 40/41 | €7,113 | €3,014 | -€4,099 | -57.6% |
| Trade receivables | 40 | €7,113 | €1,242 | -€5,871 | -82.5% |
| Other amounts receivable | 41 | - | €1,772 | +€1,772 | |
| Cash at bank and in hand | 54/58 | €139,869 | €326,171 | +€186,303 | +133% |
| Deferred charges and accrued income | 490/1 | €41 | €1,784 | +€1,743 | +4,305% |
| Total equity and liabilities | 10/49 | €504,110 | €691,507 | +€187,397 | +37.2% |
| Equity | 10/15 | €229,193 | €5,000 | -€224,193 | -97.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €224,193 | - | -€224,193 | |
| Amounts payable | 17/49 | €274,917 | €686,507 | +€411,590 | +150% |
| Amounts payable within one year | 42/48 | €274,917 | €686,507 | +€411,590 | +150% |
| Trade debts | 44 | €1,388 | €6,486 | +€5,097 | +367% |
| Suppliers | 440/4 | €1,388 | €6,486 | +€5,097 | +367% |
| Taxes, remuneration and social security | 45 | €46,537 | €53,924 | +€7,387 | +15.9% |
| Taxes | 450/3 | €46,537 | €53,924 | +€7,387 | +15.9% |
| Other amounts payable | 47/48 | €226,992 | €626,098 | +€399,106 | +176% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €301 | €179 | -€122 | -40.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Non-recurring operating charges | 66A | €20 | - | -€20 | |
| Gross operating margin | 9900 | €283,103 | €307,927 | +€24,824 | +8.8% |
| Operating profit (loss) | 9901 | €282,394 | €307,348 | +€24,954 | +8.8% |
| Financial income | 75/76B | €10,303 | €15,010 | +€4,708 | +45.7% |
| Recurring financial income | 75 | €10,303 | €15,010 | +€4,708 | +45.7% |
| Financial charges | 65/66B | €2,617 | €17,339 | +€14,722 | +563% |
| Recurring financial charges | 65 | €2,617 | €17,339 | +€14,722 | +563% |
| Profit (loss) for the period before taxes | 9903 | €290,080 | €305,020 | +€14,940 | +5.2% |
| Income taxes | 67/77 | €69,084 | €73,228 | +€4,144 | +6.0% |
| Profit (loss) for the period | 9904 | €220,996 | €231,792 | +€10,796 | +4.9% |
| Profit (loss) for the period to be appropriated | 9905 | €220,996 | €231,792 | +€10,796 | +4.9% |
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 26 October 2026 via checked.be.