Tristan Dhondt: what changed
What changed
Tristan Dhondt
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
€471,224
2024 · €354,716+€116,508
Equity
€2.4m
2024 · €2.1m+€361,224
Cash
€153,890
2024 · €61,999+€91,890
Balance sheet total
€3.2m
2024 · €2.6m+€593,280
Largest movements
Assets
- Tangible fixed assets +€362,138
up €362,138 (+23.2%), from €1.6m to €1.9m
of which Land and buildings: +€361,114
- Cash +€91,890
up €91,890 (+148%), from €61,999 to €153,890
mainly Net result for the year (+€471,224) and Short-term financial debts (+€250,000)
- Receivables after one year +€81,708
up €81,708 (+9.2%), from €886,250 to €967,958
- Financial fixed assets +€32,379
up €32,379 (+1,295%), from €2,500 to €34,879
Equity and liabilities
- Reserves +€361,224
up €361,224 (+17.6%), from €2.1m to €2.4m
of which Distributable reserves: +€361,224
- Short-term financial debts +€250,000
new in 2025: €250,000
- Debts after one year -€195,679
down €195,679 (-61.8%), from €316,522 to €120,843
- Other debts +€110,000
new in 2025: €110,000
Income statement
- Gross operating margin +€179,677
up €179,677 (+29.2%), from €614,676 to €794,353
- Taxes +€55,624
up €55,624 (+33.7%), from €165,028 to €220,652
- Financial charges -€19,233
down €19,233 (-57.8%), from €33,291 to €14,058
- Other operating charges +€17,097
up €17,097 (+194%), from €8,804 to €25,901
- Depreciation +€16,708
up €16,708 (+17.3%), from €96,441 to €113,148
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€354,716
Gross operating margin
+€179,677
Depreciation
-€16,708
Other operating charges
-€17,097
Financial income
+€7,027
Financial charges
+€19,233
Taxes
-€55,624
Result 2025
€471,224
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€629,565
Investment
-€507,665
Financing
-€30,010
Cash 2024
€61,999
From operations (derived)
+€629,565
Net result for the year
+€471,224
Depreciation
+€113,148
Receivables after one year
-€81,708
Receivables within one year
-€22,020
Deferred charges and accrued income
-€3,145
Trade debts
+€21,181
Tax, wage and social debts
+€18,556
Other debts
+€110,000
Accrued charges and deferred income
+€2,329
Investment (derived)
-€507,665
Investment in fixed assets (net)
-€507,665
Financing
-€30,010
Debts after one year
-€195,679
Current portion of long-term debt
+€25,669
Short-term financial debts
+€250,000
Contributions, distributions and other
-€110,000
Cash 2025
€153,890
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,575,315 | €3,168,595 | +€593,280 | +23.0% |
| Fixed assets | 21/28 | €1,565,126 | €1,959,643 | +€394,517 | +25.2% |
| Tangible fixed assets | 22/27 | €1,562,626 | €1,924,764 | +€362,138 | +23.2% |
| Land and buildings | 22 | €1,544,997 | €1,906,111 | +€361,114 | +23.4% |
| Plant, machinery and equipment | 23 | €2,149 | €1,699 | -€450 | -20.9% |
| Furniture and vehicles | 24 | €15,480 | €16,953 | +€1,474 | +9.5% |
| Financial fixed assets | 28 | €2,500 | €34,879 | +€32,379 | +1,295% |
| Current assets | 29/58 | €1,010,189 | €1,208,952 | +€198,763 | +19.7% |
| Amounts receivable after more than one year | 29 | €886,250 | €967,958 | +€81,708 | +9.2% |
| Other amounts receivable | 291 | €886,250 | €967,958 | +€81,708 | +9.2% |
| Amounts receivable within one year | 40/41 | €38,967 | €60,986 | +€22,020 | +56.5% |
| Trade receivables | 40 | - | €908 | +€908 | |
| Other amounts receivable | 41 | €38,967 | €60,079 | +€21,112 | +54.2% |
| Cash at bank and in hand | 54/58 | €61,999 | €153,890 | +€91,890 | +148% |
| Deferred charges and accrued income | 490/1 | €22,974 | €26,119 | +€3,145 | +13.7% |
| Total equity and liabilities | 10/49 | €2,575,315 | €3,168,595 | +€593,280 | +23.0% |
| Equity | 10/15 | €2,067,785 | €2,429,008 | +€361,224 | +17.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €2,055,385 | €2,416,608 | +€361,224 | +17.6% |
| Tax-exempt reserves | 132 | €846 | €846 | = | 0.0% |
| Distributable reserves | 133 | €2,054,539 | €2,415,763 | +€361,224 | +17.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €507,530 | €739,586 | +€232,056 | +45.7% |
| Amounts payable after more than one year | 17 | €316,522 | €120,843 | -€195,679 | -61.8% |
| Financial debts | 170/4 | €316,522 | €120,843 | -€195,679 | -61.8% |
| Amounts payable within one year | 42/48 | €189,509 | €614,914 | +€425,406 | +224% |
| Current portion of amounts payable after more than one year | 42 | €88,343 | €114,012 | +€25,669 | +29.1% |
| Financial debts | 43 | - | €250,000 | +€250,000 | |
| Credit institutions | 430/8 | - | €250,000 | +€250,000 | |
| Trade debts | 44 | €29,576 | €50,757 | +€21,181 | +71.6% |
| Suppliers | 440/4 | €29,576 | €50,757 | +€21,181 | +71.6% |
| Taxes, remuneration and social security | 45 | €71,589 | €90,145 | +€18,556 | +25.9% |
| Taxes | 450/3 | €71,589 | €90,145 | +€18,556 | +25.9% |
| Other amounts payable | 47/48 | - | €110,000 | +€110,000 | |
| Accrued charges and deferred income | 492/3 | €1,500 | €3,829 | +€2,329 | +155% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €96,441 | €113,148 | +€16,708 | +17.3% |
| Other operating charges | 640/8 | €8,804 | €25,901 | +€17,097 | +194% |
| Gross operating margin | 9900 | €614,676 | €794,353 | +€179,677 | +29.2% |
| Operating profit (loss) | 9901 | €509,431 | €655,304 | +€145,872 | +28.6% |
| Financial income | 75/76B | €43,603 | €50,630 | +€7,027 | +16.1% |
| Recurring financial income | 75 | €43,603 | €50,630 | +€7,027 | +16.1% |
| Financial charges | 65/66B | €33,291 | €14,058 | -€19,233 | -57.8% |
| Recurring financial charges | 65 | €33,291 | €14,058 | -€19,233 | -57.8% |
| Profit (loss) for the period before taxes | 9903 | €519,744 | €691,875 | +€172,132 | +33.1% |
| Income taxes | 67/77 | €165,028 | €220,652 | +€55,624 | +33.7% |
| Profit (loss) for the period | 9904 | €354,716 | €471,224 | +€116,508 | +32.8% |
| Profit (loss) for the period to be appropriated | 9905 | €354,716 | €471,224 | +€116,508 | +32.8% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.