TRISTAN THEUNISSEN: 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.
TRISTAN THEUNISSEN
Largest movements
- Cash +€29,516
up €29,516 (+79.7%), from €37,029 to €66,545
mainly Net result for the year (+€59,808) and Other debts (+€51,835)
- Receivables within one year +€3,982
new in 2025: €3,982
- Deferred charges and accrued income -€3,149
down €3,149 (-18.2%), from €17,335 to €14,186
- Tangible fixed assets -€1,310
down €1,310 (-29.2%), from €4,479 to €3,170
- Other debts +€51,835
up €51,835 (+6,379%), from €813 to €52,648
- Profit (loss) carried forward -€29,229
down €29,229 (-59.2%), from €49,361 to €20,132
- Tax, wage and social debts +€6,370
up €6,370 (+109%), from €5,852 to €12,221
of which Taxes: +€7,370
- Gross operating margin +€55,340
up €55,340 (+202%), from €27,447 to €82,787
- Taxes +€14,678
up €14,678 (+438%), from €3,352 to €18,029
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 | €58,843 | €87,883 | +€29,039 | +49.3% |
| Fixed assets | 21/28 | €4,479 | €3,170 | -€1,310 | -29.2% |
| Tangible fixed assets | 22/27 | €4,479 | €3,170 | -€1,310 | -29.2% |
| Furniture and vehicles | 24 | €4,479 | €3,170 | -€1,310 | -29.2% |
| Current assets | 29/58 | €54,364 | €84,713 | +€30,349 | +55.8% |
| Amounts receivable within one year | 40/41 | - | €3,982 | +€3,982 | |
| Other amounts receivable | 41 | - | €3,982 | +€3,982 | |
| Cash at bank and in hand | 54/58 | €37,029 | €66,545 | +€29,516 | +79.7% |
| Deferred charges and accrued income | 490/1 | €17,335 | €14,186 | -€3,149 | -18.2% |
| Total equity and liabilities | 10/49 | €58,843 | €87,883 | +€29,039 | +49.3% |
| Equity | 10/15 | €51,861 | €22,632 | -€29,229 | -56.4% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,361 | €20,132 | -€29,229 | -59.2% |
| Amounts payable | 17/49 | €6,982 | €65,250 | +€58,268 | +835% |
| Amounts payable within one year | 42/48 | €6,982 | €65,250 | +€58,268 | +835% |
| Trade debts | 44 | €318 | €381 | +€63 | +19.9% |
| Suppliers | 440/4 | €318 | €381 | +€63 | +19.9% |
| Taxes, remuneration and social security | 45 | €5,852 | €12,221 | +€6,370 | +109% |
| Taxes | 450/3 | €2,852 | €10,221 | +€7,370 | +258% |
| Remuneration and social security | 454/9 | €3,000 | €2,000 | -€1,000 | -33.3% |
| Other amounts payable | 47/48 | €813 | €52,648 | +€51,835 | +6,379% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,060 | €1,310 | +€250 | +23.6% |
| Other operating charges | 640/8 | €709 | €969 | +€260 | +36.7% |
| Gross operating margin | 9900 | €27,447 | €82,787 | +€55,340 | +202% |
| Operating profit (loss) | 9901 | €25,678 | €80,509 | +€54,830 | +214% |
| Financial income | 75/76B | €0 | €197 | +€197 | +657,067% |
| Recurring financial income | 75 | €0 | €197 | +€197 | +657,067% |
| Financial charges | 65/66B | €2,194 | €2,868 | +€674 | +30.7% |
| Recurring financial charges | 65 | €2,194 | €2,868 | +€674 | +30.7% |
| Profit (loss) for the period before taxes | 9903 | €23,484 | €77,837 | +€54,354 | +231% |
| Income taxes | 67/77 | €3,352 | €18,029 | +€14,678 | +438% |
| Profit (loss) for the period | 9904 | €20,132 | €59,808 | +€39,676 | +197% |
| Profit (loss) for the period to be appropriated | 9905 | €20,132 | €59,808 | +€39,676 | +197% |
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 31 October 2026 via checked.be.