THOMAS PASLEAU: 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 PASLEAU
Largest movements
- Financial fixed assets +€80,000
new in 2025: €80,000
- Receivables within one year +€36,378
up €36,378 (+121.4%), from €29,976 to €66,354
of which Trade receivables: +€37,307
- Cash +€6,372
up €6,372 (+638.4%), from €998 to €7,370
mainly Advances received (+€76,801) and Debts after one year (+€54,000)
- Advances received +€76,801
up €76,801 (+280.9%), from €27,340 to €104,141
- Debts after one year +€54,000
new in 2025: €54,000
- Profit (loss) carried forward -€23,839
down €23,839 (-16503.6%), from -€144 to -€23,984
- Current portion of long-term debt +€12,000
new in 2025: €12,000
- Trade debts +€4,132
up €4,132 (+179.6%), from €2,300 to €6,432
- Gross operating margin -€52,594
down €52,594, from €28,532 to -€24,062
- Taxes -€4,878
no longer reported in 2025 (was €4,878)
- Staff costs -€1,760
new in 2025: -€1,760
- Other operating charges -€551
down €551 (-84.3%), from €654 to €103
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 | €45,518 | €166,825 | +€121,307 | +266.5% |
| Fixed assets | 21/28 | €3,114 | €82,022 | +€78,907 | +2533.7% |
| Tangible fixed assets | 22/27 | €3,114 | €2,022 | -€1,093 | -35.1% |
| Plant, machinery and equipment | 23 | €1,897 | €1,704 | -€193 | -10.2% |
| Other tangible fixed assets | 26 | €1,217 | €317 | -€900 | -73.9% |
| Financial fixed assets | 28 | - | €80,000 | +€80,000 | |
| Current assets | 29/58 | €42,403 | €84,803 | +€42,400 | +100.0% |
| Amounts receivable after more than one year | 29 | €11,079 | €11,079 | = | 0.0% |
| Trade receivables | 290 | €11,079 | - | -€11,079 | |
| Other amounts receivable | 291 | - | €11,079 | +€11,079 | |
| Amounts receivable within one year | 40/41 | €29,976 | €66,354 | +€36,378 | +121.4% |
| Trade receivables | 40 | €28,545 | €65,852 | +€37,307 | +130.7% |
| Other amounts receivable | 41 | €1,431 | €502 | -€929 | -64.9% |
| Cash at bank and in hand | 54/58 | €998 | €7,370 | +€6,372 | +638.4% |
| Deferred charges and accrued income | 490/1 | €350 | - | -€350 | |
| Total equity and liabilities | 10/49 | €45,518 | €166,825 | +€121,307 | +266.5% |
| Equity | 10/15 | €1,856 | -€21,984 | -€23,839 | |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€144 | -€23,984 | -€23,839 | -16503.6% |
| Amounts payable | 17/49 | €43,662 | €188,809 | +€145,147 | +332.4% |
| Amounts payable after more than one year | 17 | - | €54,000 | +€54,000 | |
| Financial debts | 170/4 | - | €54,000 | +€54,000 | |
| Amounts payable within one year | 42/48 | €43,662 | €134,809 | +€91,147 | +208.8% |
| Current portion of amounts payable after more than one year | 42 | - | €12,000 | +€12,000 | |
| Trade debts | 44 | €2,300 | €6,432 | +€4,132 | +179.6% |
| Suppliers | 440/4 | €2,300 | €6,432 | +€4,132 | +179.6% |
| Advances received on contracts in progress | 46 | €27,340 | €104,141 | +€76,801 | +280.9% |
| Taxes, remuneration and social security | 45 | €11,022 | €9,235 | -€1,787 | -16.2% |
| Taxes | 450/3 | €10,893 | €8,692 | -€2,200 | -20.2% |
| Remuneration and social security | 454/9 | €129 | €543 | +€414 | +320.5% |
| Other amounts payable | 47/48 | €3,000 | €3,000 | = | 0.0% |
| Remuneration, social security and pensions | 62 | - | -€1,760 | -€1,760 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €930 | €1,093 | +€163 | +17.5% |
| Other operating charges | 640/8 | €654 | €103 | -€551 | -84.3% |
| Gross operating margin | 9900 | €28,532 | -€24,062 | -€52,594 | |
| Operating profit (loss) | 9901 | €26,948 | -€23,498 | -€50,446 | |
| Financial charges | 65/66B | €350 | €342 | -€8 | -2.3% |
| Recurring financial charges | 65 | €350 | €342 | -€8 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €26,598 | -€23,839 | -€50,438 | |
| Income taxes | 67/77 | €4,878 | - | -€4,878 | |
| Profit (loss) for the period | 9904 | €21,721 | -€23,839 | -€45,560 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,721 | -€23,839 | -€45,560 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.