Tim De Meyer: 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.
Tim De Meyer
Largest movements
- Cash +€48,614
up €48,614 (+84.4%), from €57,596 to €106,211
mainly Net result for the year (+€47,838) and Receivables within one year (+€31,556)
- Receivables within one year -€31,556
down €31,556 (-100.0%), from €31,556 to €0
- Tangible fixed assets -€1,526
down €1,526 (-20.5%), from €7,463 to €5,936
- Other debts +€25,263
up €25,263 (+55.0%), from €45,900 to €71,163
- Trade debts -€10,453
down €10,453 (-70.2%), from €14,899 to €4,446
- Depreciation -€2,052
down €2,052 (-57.3%), from €3,579 to €1,526
- Taxes -€1,122
down €1,122 (-7.7%), from €14,607 to €13,485
- Financial income -€938
down €938 (-99.8%), from €940 to €1
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 | €96,615 | €112,147 | +€15,532 | +16.1% |
| Fixed assets | 21/28 | €7,463 | €5,936 | -€1,526 | -20.5% |
| Tangible fixed assets | 22/27 | €7,463 | €5,936 | -€1,526 | -20.5% |
| Furniture and vehicles | 24 | €7,463 | €5,936 | -€1,526 | -20.5% |
| Current assets | 29/58 | €89,152 | €106,211 | +€17,059 | +19.1% |
| Amounts receivable within one year | 40/41 | €31,556 | €0 | -€31,556 | -100.0% |
| Other amounts receivable | 41 | €31,556 | €0 | -€31,556 | -100.0% |
| Cash at bank and in hand | 54/58 | €57,596 | €106,211 | +€48,614 | +84.4% |
| Total equity and liabilities | 10/49 | €96,615 | €112,147 | +€15,532 | +16.1% |
| Equity | 10/15 | €15,003 | €15,003 | = | 0.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €3 | €3 | = | 0.0% |
| Distributable reserves | 133 | €3 | €3 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €81,612 | €97,144 | +€15,532 | +19.0% |
| Amounts payable within one year | 42/48 | €81,612 | €97,144 | +€15,532 | +19.0% |
| Trade debts | 44 | €14,899 | €4,446 | -€10,453 | -70.2% |
| Suppliers | 440/4 | €14,899 | €4,446 | -€10,453 | -70.2% |
| Taxes, remuneration and social security | 45 | €20,813 | €21,536 | +€723 | +3.5% |
| Taxes | 450/3 | €20,813 | €21,536 | +€723 | +3.5% |
| Other amounts payable | 47/48 | €45,900 | €71,163 | +€25,263 | +55.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,579 | €1,526 | -€2,052 | -57.3% |
| Other operating charges | 640/8 | €523 | €387 | -€136 | -26.0% |
| Gross operating margin | 9900 | €63,724 | €63,371 | -€353 | -0.6% |
| Operating profit (loss) | 9901 | €59,622 | €61,457 | +€1,835 | +3.1% |
| Financial income | 75/76B | €940 | €1 | -€938 | -99.8% |
| Recurring financial income | 75 | €940 | €1 | -€938 | -99.8% |
| Financial charges | 65/66B | €52 | €136 | +€84 | +161.4% |
| Recurring financial charges | 65 | €52 | €136 | +€84 | +161.4% |
| Profit (loss) for the period before taxes | 9903 | €60,510 | €61,323 | +€813 | +1.3% |
| Income taxes | 67/77 | €14,607 | €13,485 | -€1,122 | -7.7% |
| Profit (loss) for the period | 9904 | €45,903 | €47,838 | +€1,935 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €45,903 | €47,838 | +€1,935 | +4.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.