Thomas Van Loocke: 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 Loocke
Largest movements
- Cash +€113,468
up €113,468 (+73.3%), from €154,863 to €268,330
mainly Receivables within one year (+€68,464) and Net result for the year (+€55,743)
- Receivables within one year -€68,464
down €68,464 (-63.2%), from €108,415 to €39,950
of which Trade receivables: -€50,319
- Stocks and contracts -€54,985
down €54,985 (-13.2%), from €415,540 to €360,555
of which Contracts in progress: -€49,000
- Profit (loss) carried forward +€55,743
up €55,743 (+59.5%), from €93,759 to €149,502
- Current portion of long-term debt -€31,751
down €31,751 (-54.6%), from €58,190 to €26,439
- Debts after one year -€26,439
down €26,439 (-5.1%), from €513,659 to €487,220
- Trade debts -€20,860
down €20,860 (-40.4%), from €51,595 to €30,735
- Gross operating margin +€30,857
up €30,857 (+26.3%), from €117,106 to €147,963
- Staff costs +€3,870
up €3,870 (+7.0%), from €55,344 to €59,215
- Taxes +€2,897
up €2,897 (+31.6%), from €9,168 to €12,065
- Financial income -€1,885
no longer reported in 2025 (was €1,885)
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 | €763,203 | €743,214 | -€19,988 | -2.6% |
| Fixed assets | 21/28 | €14,583 | €7,379 | -€7,204 | -49.4% |
| Tangible fixed assets | 22/27 | €14,583 | €7,379 | -€7,204 | -49.4% |
| Land and buildings | 22 | €0 | €0 | = | |
| Plant, machinery and equipment | 23 | €9,491 | €6,747 | -€2,744 | -28.9% |
| Furniture and vehicles | 24 | €5,091 | €632 | -€4,459 | -87.6% |
| Current assets | 29/58 | €748,620 | €735,835 | -€12,785 | -1.7% |
| Amounts receivable after more than one year | 29 | €67,000 | €67,000 | = | 0.0% |
| Other amounts receivable | 291 | €67,000 | €67,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €415,540 | €360,555 | -€54,985 | -13.2% |
| Stocks | 30/36 | €11,285 | €5,300 | -€5,985 | -53.0% |
| Contracts in progress | 37 | €404,255 | €355,255 | -€49,000 | -12.1% |
| Amounts receivable within one year | 40/41 | €108,415 | €39,950 | -€68,464 | -63.2% |
| Trade receivables | 40 | €74,026 | €23,707 | -€50,319 | -68.0% |
| Other amounts receivable | 41 | €34,389 | €16,243 | -€18,145 | -52.8% |
| Cash at bank and in hand | 54/58 | €154,863 | €268,330 | +€113,468 | +73.3% |
| Deferred charges and accrued income | 490/1 | €2,803 | - | -€2,803 | |
| Total equity and liabilities | 10/49 | €763,203 | €743,214 | -€19,988 | -2.6% |
| Equity | 10/15 | €128,611 | €184,354 | +€55,743 | +43.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €14,852 | €14,852 | = | 0.0% |
| Distributable reserves | 133 | €14,852 | €14,852 | = | 0.0% |
| Profit (loss) carried forward | 14 | €93,759 | €149,502 | +€55,743 | +59.5% |
| Amounts payable | 17/49 | €634,592 | €558,860 | -€75,731 | -11.9% |
| Amounts payable after more than one year | 17 | €513,659 | €487,220 | -€26,439 | -5.1% |
| Financial debts | 170/4 | €513,659 | €487,220 | -€26,439 | -5.1% |
| Amounts payable within one year | 42/48 | €120,106 | €68,837 | -€51,269 | -42.7% |
| Current portion of amounts payable after more than one year | 42 | €58,190 | €26,439 | -€31,751 | -54.6% |
| Trade debts | 44 | €51,595 | €30,735 | -€20,860 | -40.4% |
| Suppliers | 440/4 | €51,595 | €30,735 | -€20,860 | -40.4% |
| Taxes, remuneration and social security | 45 | €10,321 | €11,663 | +€1,342 | +13.0% |
| Taxes | 450/3 | - | €6,310 | +€6,310 | |
| Remuneration and social security | 454/9 | €10,321 | €5,353 | -€4,968 | -48.1% |
| Accrued charges and deferred income | 492/3 | €826 | €2,803 | +€1,976 | +239% |
| Remuneration, social security and pensions | 62 | €55,344 | €59,215 | +€3,870 | +7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,188 | €7,204 | +€16 | +0.2% |
| Other operating charges | 640/8 | €1,549 | €1,480 | -€68 | -4.4% |
| Gross operating margin | 9900 | €117,106 | €147,963 | +€30,857 | +26.3% |
| Operating profit (loss) | 9901 | €53,025 | €80,064 | +€27,039 | +51.0% |
| Financial income | 75/76B | €1,885 | - | -€1,885 | |
| Recurring financial income | 75 | €1,885 | - | -€1,885 | |
| Financial charges | 65/66B | €12,256 | €12,256 | +€0 | 0.0% |
| Recurring financial charges | 65 | €12,256 | €12,256 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €42,654 | €67,808 | +€25,154 | +59.0% |
| Income taxes | 67/77 | €9,168 | €12,065 | +€2,897 | +31.6% |
| Profit (loss) for the period | 9904 | €33,486 | €55,743 | +€22,257 | +66.5% |
| Profit (loss) for the period to be appropriated | 9905 | €33,486 | €55,743 | +€22,257 | +66.5% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.