THOMAS VAN ERCK: 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 VAN ERCK
Largest movements
- Cash -€32,440
down €32,440 (-84.0%), from €38,611 to €6,171
mainly Receivables within one year (-€14,590) and Net result for the year (-€12,719)
- Receivables within one year +€14,590
up €14,590 (+67.3%), from €21,681 to €36,271
of which Trade receivables: +€7,703
- Stocks and contracts +€4,000
up €4,000 (+57.1%), from €7,000 to €11,000
- Tangible fixed assets +€1,029
up €1,029 (+14.7%), from €7,011 to €8,040
of which Plant, machinery and equipment: +€2,369
- Profit (loss) carried forward -€12,719
down €12,719 (-75.4%), from -€16,877 to -€29,596
- Trade debts +€4,688
up €4,688 (+131%), from €3,575 to €8,264
- Tax, wage and social debts -€4,017
down €4,017 (-78.3%), from €5,128 to €1,111
- Gross operating margin +€3,731
up €3,731 (+27.8%), from -€13,440 to -€9,710
- Other operating charges -€1,238
down €1,238 (-65.7%), from €1,885 to €647
- Depreciation +€1,105
up €1,105 (+51.0%), from €2,169 to €3,274
- Financial income +€425
up €425 (+42.8%), from €992 to €1,416
- Taxes +€148
up €148 (+71.2%), from €208 to €356
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 | €87,553 | €75,505 | -€12,048 | -13.8% |
| Fixed assets | 21/28 | €8,210 | €9,040 | +€829 | +10.1% |
| Intangible fixed assets | 21 | €1,199 | €999 | -€200 | -16.7% |
| Tangible fixed assets | 22/27 | €7,011 | €8,040 | +€1,029 | +14.7% |
| Plant, machinery and equipment | 23 | €2,987 | €5,357 | +€2,369 | +79.3% |
| Furniture and vehicles | 24 | €4,024 | €2,684 | -€1,340 | -33.3% |
| Current assets | 29/58 | €79,343 | €66,466 | -€12,877 | -16.2% |
| Amounts receivable after more than one year | 29 | €11,363 | €11,931 | +€568 | +5.0% |
| Other amounts receivable | 291 | €11,363 | €11,931 | +€568 | +5.0% |
| Stocks and contracts in progress | 3 | €7,000 | €11,000 | +€4,000 | +57.1% |
| Contracts in progress | 37 | €7,000 | €11,000 | +€4,000 | +57.1% |
| Amounts receivable within one year | 40/41 | €21,681 | €36,271 | +€14,590 | +67.3% |
| Trade receivables | 40 | €0 | €7,703 | +€7,703 | |
| Other amounts receivable | 41 | €21,681 | €28,567 | +€6,887 | +31.8% |
| Cash at bank and in hand | 54/58 | €38,611 | €6,171 | -€32,440 | -84.0% |
| Deferred charges and accrued income | 490/1 | €688 | €1,093 | +€405 | +58.8% |
| Total equity and liabilities | 10/49 | €87,553 | €75,505 | -€12,048 | -13.8% |
| Equity | 10/15 | €78,850 | €66,131 | -€12,719 | -16.1% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €92,726 | €92,726 | = | 0.0% |
| Distributable reserves | 133 | €92,726 | €92,726 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,877 | -€29,596 | -€12,719 | -75.4% |
| Amounts payable | 17/49 | €8,704 | €9,375 | +€671 | +7.7% |
| Amounts payable within one year | 42/48 | €8,704 | €9,375 | +€671 | +7.7% |
| Trade debts | 44 | €3,575 | €8,264 | +€4,688 | +131% |
| Suppliers | 440/4 | €3,575 | €8,264 | +€4,688 | +131% |
| Taxes, remuneration and social security | 45 | €5,128 | €1,111 | -€4,017 | -78.3% |
| Taxes | 450/3 | €5,128 | €1,111 | -€4,017 | -78.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,169 | €3,274 | +€1,105 | +51.0% |
| Other operating charges | 640/8 | €1,885 | €647 | -€1,238 | -65.7% |
| Gross operating margin | 9900 | -€13,440 | -€9,710 | +€3,731 | +27.8% |
| Operating profit (loss) | 9901 | -€17,494 | -€13,631 | +€3,863 | +22.1% |
| Financial income | 75/76B | €992 | €1,416 | +€425 | +42.8% |
| Recurring financial income | 75 | €992 | €1,416 | +€425 | +42.8% |
| Financial charges | 65/66B | €166 | €148 | -€19 | -11.2% |
| Recurring financial charges | 65 | €166 | €148 | -€19 | -11.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,669 | -€12,362 | +€4,306 | +25.8% |
| Income taxes | 67/77 | €208 | €356 | +€148 | +71.2% |
| Profit (loss) for the period | 9904 | -€16,877 | -€12,719 | +€4,158 | +24.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,877 | -€12,719 | +€4,158 | +24.6% |
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 17 October 2026 via checked.be.