Thomas Van Praet: 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 Praet
Largest movements
- Financial fixed assets +€60,413
new in 2025: €60,413
- Cash +€2,096
up €2,096 (+10.7%), from €19,616 to €21,711
mainly Net result for the year (+€31,423) and Debts after one year (+€23,760)
- Reserves +€31,423
up €31,423 (+37.2%), from €84,552 to €115,975
- Debts after one year +€23,760
new in 2025: €23,760
- Current portion of long-term debt +€7,540
new in 2025: €7,540
- Gross operating margin +€13,034
up €13,034 (+43.1%), from €30,252 to €43,286
- Taxes +€3,210
up €3,210 (+32.4%), from €9,917 to €13,128
- Financial charges +€912
up €912 (+617%), from €148 to €1,060
- Financial income +€460
up €460 (+17.0%), from €2,704 to €3,164
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 | €120,226 | €182,966 | +€62,739 | +52.2% |
| Fixed assets | 21/28 | - | €60,413 | +€60,413 | |
| Financial fixed assets | 28 | - | €60,413 | +€60,413 | |
| Current assets | 29/58 | €120,226 | €122,553 | +€2,326 | +1.9% |
| Amounts receivable within one year | 40/41 | €99,292 | €99,388 | +€96 | +0.1% |
| Trade receivables | 40 | €35,808 | €35,338 | -€470 | -1.3% |
| Other amounts receivable | 41 | €63,484 | €64,050 | +€566 | +0.9% |
| Cash at bank and in hand | 54/58 | €19,616 | €21,711 | +€2,096 | +10.7% |
| Deferred charges and accrued income | 490/1 | €1,319 | €1,454 | +€135 | +10.2% |
| Total equity and liabilities | 10/49 | €120,226 | €182,966 | +€62,739 | +52.2% |
| Equity | 10/15 | €89,552 | €120,975 | +€31,423 | +35.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €84,552 | €115,975 | +€31,423 | +37.2% |
| Distributable reserves | 133 | €84,552 | €115,975 | +€31,423 | +37.2% |
| Amounts payable | 17/49 | €30,674 | €61,991 | +€31,317 | +102% |
| Amounts payable after more than one year | 17 | - | €23,760 | +€23,760 | |
| Financial debts | 170/4 | - | €23,760 | +€23,760 | |
| Amounts payable within one year | 42/48 | €30,674 | €38,231 | +€7,556 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | - | €7,540 | +€7,540 | |
| Financial debts | 43 | €1,310 | €154 | -€1,156 | -88.2% |
| Credit institutions | 430/8 | €1,310 | €154 | -€1,156 | -88.2% |
| Trade debts | 44 | €1,067 | €2,079 | +€1,012 | +94.9% |
| Suppliers | 440/4 | €1,067 | €2,079 | +€1,012 | +94.9% |
| Taxes, remuneration and social security | 45 | €28,298 | €28,457 | +€160 | +0.6% |
| Taxes | 450/3 | €28,298 | €28,457 | +€160 | +0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €428 | €839 | +€411 | +95.9% |
| Gross operating margin | 9900 | €30,252 | €43,286 | +€13,034 | +43.1% |
| Operating profit (loss) | 9901 | €29,823 | €42,446 | +€12,623 | +42.3% |
| Financial income | 75/76B | €2,704 | €3,164 | +€460 | +17.0% |
| Recurring financial income | 75 | €2,704 | €3,164 | +€460 | +17.0% |
| Financial charges | 65/66B | €148 | €1,060 | +€912 | +617% |
| Recurring financial charges | 65 | €148 | €1,060 | +€912 | +617% |
| Profit (loss) for the period before taxes | 9903 | €32,380 | €44,551 | +€12,171 | +37.6% |
| Income taxes | 67/77 | €9,917 | €13,128 | +€3,210 | +32.4% |
| Profit (loss) for the period | 9904 | €22,463 | €31,423 | +€8,960 | +39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,463 | €31,423 | +€8,960 | +39.9% |
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 27 October 2026 via checked.be.