VAN THIENEN Catherine: 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.
VAN THIENEN Catherine
Largest movements
- Intangible fixed assets -€20,000
down €20,000 (-63.2%), from €31,667 to €11,667
- Tangible fixed assets -€7,282
down €7,282 (-20.7%), from €35,243 to €27,961
of which Furniture and vehicles: -€5,785
- Cash +€7,231
up €7,231 (+31.9%), from €22,690 to €29,921
mainly Debts after one year (+€105,000) and Depreciation (+€28,594)
- Deferred charges and accrued income +€1,610
up €1,610 (+27.4%), from €5,882 to €7,493
- Other debts -€107,929
down €107,929 (-97.2%), from €111,055 to €3,125
- Debts after one year +€105,000
new in 2025: €105,000
- Profit (loss) carried forward -€15,988
down €15,988 (-13.5%), from -€118,492 to -€134,480
- Gross operating margin -€1,138
down €1,138 (-8.1%), from €14,008 to €12,870
- Depreciation -€264
down €264 (-0.9%), from €28,858 to €28,594
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 | €95,481 | €77,041 | -€18,441 | -19.3% |
| Fixed assets | 21/28 | €66,909 | €39,627 | -€27,282 | -40.8% |
| Intangible fixed assets | 21 | €31,667 | €11,667 | -€20,000 | -63.2% |
| Tangible fixed assets | 22/27 | €35,243 | €27,961 | -€7,282 | -20.7% |
| Plant, machinery and equipment | 23 | €1,047 | €1,200 | +€153 | +14.6% |
| Furniture and vehicles | 24 | €23,086 | €17,301 | -€5,785 | -25.1% |
| Other tangible fixed assets | 26 | €11,110 | €9,460 | -€1,649 | -14.8% |
| Current assets | 29/58 | €28,572 | €37,413 | +€8,841 | +30.9% |
| Cash at bank and in hand | 54/58 | €22,690 | €29,921 | +€7,231 | +31.9% |
| Deferred charges and accrued income | 490/1 | €5,882 | €7,493 | +€1,610 | +27.4% |
| Total equity and liabilities | 10/49 | €95,481 | €77,041 | -€18,441 | -19.3% |
| Equity | 10/15 | -€16,492 | -€32,480 | -€15,988 | -96.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €82,000 | €82,000 | = | 0.0% |
| Distributable reserves | 133 | €82,000 | €82,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,492 | -€134,480 | -€15,988 | -13.5% |
| Amounts payable | 17/49 | €111,974 | €109,521 | -€2,453 | -2.2% |
| Amounts payable after more than one year | 17 | - | €105,000 | +€105,000 | |
| Other amounts payable | 178/9 | - | €105,000 | +€105,000 | |
| Amounts payable within one year | 42/48 | €111,683 | €4,221 | -€107,462 | -96.2% |
| Trade debts | 44 | €570 | €1,067 | +€497 | +87.2% |
| Suppliers | 440/4 | €570 | €1,067 | +€497 | +87.2% |
| Taxes, remuneration and social security | 45 | €59 | €28 | -€30 | -51.6% |
| Taxes | 450/3 | €59 | €28 | -€30 | -51.6% |
| Other amounts payable | 47/48 | €111,055 | €3,125 | -€107,929 | -97.2% |
| Accrued charges and deferred income | 492/3 | €291 | €300 | +€9 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,858 | €28,594 | -€264 | -0.9% |
| Other operating charges | 640/8 | €334 | €297 | -€37 | -11.2% |
| Gross operating margin | 9900 | €14,008 | €12,870 | -€1,138 | -8.1% |
| Operating profit (loss) | 9901 | -€15,184 | -€16,020 | -€837 | -5.5% |
| Financial income | 75/76B | €50 | €152 | +€102 | +205% |
| Recurring financial income | 75 | €50 | €152 | +€102 | +205% |
| Financial charges | 65/66B | €51 | €45 | -€6 | -11.8% |
| Recurring financial charges | 65 | €51 | €45 | -€6 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | -€15,185 | -€15,914 | -€729 | -4.8% |
| Income taxes | 67/77 | €74 | €74 | +€0 | +0.4% |
| Profit (loss) for the period | 9904 | -€15,259 | -€15,988 | -€729 | -4.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€15,259 | -€15,988 | -€729 | -4.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.