Timothée Simon: 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.
Timothée Simon
Largest movements
- Cash -€10,100
no longer reported in 2025 (was €10,100)
mainly Trade debts (-€8,636) and Tax, wage and social debts (-€3,573)
- Receivables within one year -€3,675
down €3,675 (-4.9%), from €74,469 to €70,794
of which Other amounts receivable: -€30,810
- Financial fixed assets +€1,492
new in 2025: €1,492
- Trade debts -€8,636
down €8,636 (-38.8%), from €22,258 to €13,622
- Tax, wage and social debts -€3,573
down €3,573 (-16.9%), from €21,193 to €17,619
- Profit (loss) carried forward -€1,336
down €1,336 (-3.1%), from €42,902 to €41,566
- Financial charges +€30,237
up €30,237 (+1546.3%), from €1,955 to €32,192
- Gross operating margin +€17,984
up €17,984 (+156.6%), from €11,486 to €29,470
- Taxes -€4,594
down €4,594 (-98.7%), from €4,654 to €60
- Other operating charges +€1,158
up €1,158 (+599.4%), from €193 to €1,351
- Financial income +€566
up €566 (+14.4%), from €3,926 to €4,492
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 | €90,353 | €76,825 | -€13,528 | -15.0% |
| Fixed assets | 21/28 | €1,850 | €2,665 | +€815 | +44.1% |
| Tangible fixed assets | 22/27 | €1,850 | €1,173 | -€677 | -36.6% |
| Plant, machinery and equipment | 23 | €1,074 | €705 | -€369 | -34.4% |
| Furniture and vehicles | 24 | €776 | €468 | -€308 | -39.7% |
| Financial fixed assets | 28 | - | €1,492 | +€1,492 | |
| Current assets | 29/58 | €88,503 | €74,160 | -€14,343 | -16.2% |
| Amounts receivable within one year | 40/41 | €74,469 | €70,794 | -€3,675 | -4.9% |
| Trade receivables | 40 | €7,583 | €34,719 | +€27,135 | +357.8% |
| Other amounts receivable | 41 | €66,886 | €36,076 | -€30,810 | -46.1% |
| Cash at bank and in hand | 54/58 | €10,100 | - | -€10,100 | |
| Deferred charges and accrued income | 490/1 | €3,935 | €3,366 | -€569 | -14.5% |
| Total equity and liabilities | 10/49 | €90,353 | €76,825 | -€13,528 | -15.0% |
| Equity | 10/15 | €46,902 | €45,566 | -€1,336 | -2.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Outside capital | 11 | €4,000 | - | -€4,000 | |
| Other | 1109/19 | €4,000 | - | -€4,000 | |
| Profit (loss) carried forward | 14 | €42,902 | €41,566 | -€1,336 | -3.1% |
| Amounts payable | 17/49 | €43,451 | €31,259 | -€12,192 | -28.1% |
| Amounts payable within one year | 42/48 | €43,451 | €31,259 | -€12,192 | -28.1% |
| Financial debts | 43 | - | €17 | +€17 | |
| Credit institutions | 430/8 | - | €17 | +€17 | |
| Trade debts | 44 | €22,258 | €13,622 | -€8,636 | -38.8% |
| Suppliers | 440/4 | €22,258 | €13,622 | -€8,636 | -38.8% |
| Taxes, remuneration and social security | 45 | €21,193 | €17,619 | -€3,573 | -16.9% |
| Taxes | 450/3 | €21,193 | €17,619 | -€3,573 | -16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,109 | €1,695 | -€414 | -19.6% |
| Other operating charges | 640/8 | €193 | €1,351 | +€1,158 | +599.4% |
| Gross operating margin | 9900 | €11,486 | €29,470 | +€17,984 | +156.6% |
| Operating profit (loss) | 9901 | €9,184 | €26,424 | +€17,240 | +187.7% |
| Financial income | 75/76B | €3,926 | €4,492 | +€566 | +14.4% |
| Recurring financial income | 75 | €3,926 | €4,492 | +€566 | +14.4% |
| Financial charges | 65/66B | €1,955 | €32,192 | +€30,237 | +1546.3% |
| Recurring financial charges | 65 | €1,955 | €32,192 | +€30,237 | +1546.3% |
| Profit (loss) for the period before taxes | 9903 | €11,154 | -€1,276 | -€12,430 | |
| Income taxes | 67/77 | €4,654 | €60 | -€4,594 | -98.7% |
| Profit (loss) for the period | 9904 | €6,500 | -€1,336 | -€7,836 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,500 | -€1,336 | -€7,836 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.