Tom Thys: 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.
Tom Thys
Largest movements
- Receivables within one year +€27,583
up €27,583 (+278%), from €9,917 to €37,500
- Cash +€20,724
up €20,724 (+138%), from €15,000 to €35,724
mainly Net result for the year (+€39,026) and Other debts (+€13,472)
- Tangible fixed assets +€17,793
new in 2025: €17,793
- Profit (loss) carried forward +€39,026
up €39,026 (+9,052%), from €431 to €39,457
- Other debts +€13,472
up €13,472 (+1,033%), from €1,304 to €14,776
- Trade debts +€13,425
up €13,425 (+1,165%), from €1,152 to €14,577
- Tax, wage and social debts +€13,172
up €13,172 (+198%), from €6,643 to €19,815
of which Taxes: +€17,342
- Advances received -€12,000
no longer reported in 2025 (was €12,000)
- Gross operating margin +€49,443
up €49,443 (+4,594%), from €1,076 to €50,520
- Taxes +€10,192
up €10,192 (+9,456%), from €108 to €10,299
- Depreciation +€871
new in 2025: €871
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 | €24,917 | €91,625 | +€66,708 | +268% |
| Fixed assets | 21/28 | - | €17,793 | +€17,793 | |
| Tangible fixed assets | 22/27 | - | €17,793 | +€17,793 | |
| Furniture and vehicles | 24 | - | €17,793 | +€17,793 | |
| Current assets | 29/58 | €24,917 | €73,832 | +€48,915 | +196% |
| Amounts receivable within one year | 40/41 | €9,917 | €37,500 | +€27,583 | +278% |
| Trade receivables | 40 | €9,917 | €37,500 | +€27,583 | +278% |
| Cash at bank and in hand | 54/58 | €15,000 | €35,724 | +€20,724 | +138% |
| Deferred charges and accrued income | 490/1 | - | €608 | +€608 | |
| Total equity and liabilities | 10/49 | €24,917 | €91,625 | +€66,708 | +268% |
| Equity | 10/15 | €3,431 | €42,457 | +€39,026 | +1,137% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €431 | €39,457 | +€39,026 | +9,052% |
| Amounts payable | 17/49 | €21,486 | €49,168 | +€27,682 | +129% |
| Amounts payable within one year | 42/48 | €21,099 | €49,168 | +€28,069 | +133% |
| Trade debts | 44 | €1,152 | €14,577 | +€13,425 | +1,165% |
| Suppliers | 440/4 | €1,152 | €14,577 | +€13,425 | +1,165% |
| Advances received on contracts in progress | 46 | €12,000 | - | -€12,000 | |
| Taxes, remuneration and social security | 45 | €6,643 | €19,815 | +€13,172 | +198% |
| Taxes | 450/3 | €2,473 | €19,815 | +€17,342 | +701% |
| Remuneration and social security | 454/9 | €4,169 | - | -€4,169 | |
| Other amounts payable | 47/48 | €1,304 | €14,776 | +€13,472 | +1,033% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €871 | +€871 | |
| Other operating charges | 640/8 | €537 | €120 | -€417 | -77.7% |
| Gross operating margin | 9900 | €1,076 | €50,520 | +€49,443 | +4,594% |
| Operating profit (loss) | 9901 | €539 | €49,528 | +€48,990 | +9,091% |
| Financial charges | 65/66B | - | €203 | +€203 | |
| Recurring financial charges | 65 | - | €203 | +€203 | |
| Profit (loss) for the period before taxes | 9903 | €539 | €49,325 | +€48,787 | +9,053% |
| Income taxes | 67/77 | €108 | €10,299 | +€10,192 | +9,456% |
| Profit (loss) for the period | 9904 | €431 | €39,026 | +€38,595 | +8,952% |
| Profit (loss) for the period to be appropriated | 9905 | €431 | €39,026 | +€38,595 | +8,952% |
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 16 October 2026 via checked.be.