THOMAS POL: 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 POL
Largest movements
- Cash -€22,393
down €22,393 (-9.0%), from €248,472 to €226,079
mainly Trade debts (-€23,005) and Other debts (-€13,196)
- Receivables within one year -€13,284
no longer reported in 2024 (was €13,284)
- Trade debts -€23,005
down €23,005 (-97.4%), from €23,612 to €607
- Other debts -€13,196
down €13,196 (-56.9%), from €23,194 to €9,998
- Gross operating margin -€22,995
down €22,995 (-63.7%), from €36,088 to €13,093
- Taxes -€16,529
down €16,529 (-68.8%), from €24,041 to €7,512
- Depreciation +€394
up €394 (+206.5%), from €191 to €585
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €275,364 | €241,429 | -€33,935 | -12.3% |
| Fixed assets | 21/28 | €1,608 | €3,351 | +€1,743 | +108.4% |
| Tangible fixed assets | 22/27 | €1,608 | €3,351 | +€1,743 | +108.4% |
| Furniture and vehicles | 24 | €1,608 | €3,351 | +€1,743 | +108.4% |
| Current assets | 29/58 | €273,756 | €238,079 | -€35,677 | -13.0% |
| Amounts receivable after more than one year | 29 | €12,000 | €12,000 | = | 0.0% |
| Other amounts receivable | 291 | €12,000 | €12,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €13,284 | - | -€13,284 | |
| Trade receivables | 40 | €13,284 | - | -€13,284 | |
| Cash at bank and in hand | 54/58 | €248,472 | €226,079 | -€22,393 | -9.0% |
| Total equity and liabilities | 10/49 | €275,364 | €241,429 | -€33,935 | -12.3% |
| Equity | 10/15 | €205,559 | €207,825 | +€2,266 | +1.1% |
| Reserves | 13 | €100,000 | €100,000 | = | 0.0% |
| Distributable reserves | 133 | €100,000 | €100,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €105,559 | €107,825 | +€2,266 | +2.1% |
| Amounts payable | 17/49 | €69,805 | €33,605 | -€36,201 | -51.9% |
| Amounts payable within one year | 42/48 | €69,805 | €33,605 | -€36,201 | -51.9% |
| Trade debts | 44 | €23,612 | €607 | -€23,005 | -97.4% |
| Suppliers | 440/4 | €23,612 | €607 | -€23,005 | -97.4% |
| Taxes, remuneration and social security | 45 | €23,000 | €23,000 | = | 0.0% |
| Taxes | 450/3 | €23,000 | €23,000 | = | 0.0% |
| Other amounts payable | 47/48 | €23,194 | €9,998 | -€13,196 | -56.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €191 | €585 | +€394 | +206.5% |
| Other operating charges | 640/8 | €2,122 | €1,986 | -€136 | -6.4% |
| Gross operating margin | 9900 | €36,088 | €13,093 | -€22,995 | -63.7% |
| Operating profit (loss) | 9901 | €33,775 | €10,521 | -€23,254 | -68.8% |
| Financial charges | 65/66B | €457 | €744 | +€287 | +62.7% |
| Recurring financial charges | 65 | €457 | €744 | +€287 | +62.7% |
| Profit (loss) for the period before taxes | 9903 | €33,318 | €9,778 | -€23,540 | -70.7% |
| Income taxes | 67/77 | €24,041 | €7,512 | -€16,529 | -68.8% |
| Profit (loss) for the period | 9904 | €9,277 | €2,266 | -€7,011 | -75.6% |
| Profit (loss) for the period to be appropriated | 9905 | €9,277 | €2,266 | -€7,011 | -75.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.