Van Thillo Gert: 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.
Van Thillo Gert
Largest movements
- Cash -€15,357
down €15,357 (-96.5%), from €15,916 to €560
mainly Net result for the year (-€10,974) and Tax, wage and social debts (-€4,523)
- Tangible fixed assets -€6,246
down €6,246 (-36.2%), from €17,248 to €11,002
- Profit (loss) carried forward -€10,974
new in 2025: -€10,974
- Tax, wage and social debts -€4,523
down €4,523 (-94.6%), from €4,783 to €260
- Other debts -€3,482
down €3,482 (-77.3%), from €4,503 to €1,022
- Trade debts -€2,024
down €2,024 (-100.0%), from €2,024 to €0
- Gross operating margin -€7,113
down €7,113, from €2,807 to -€4,307
- Other operating charges -€458
down €458 (-79.2%), from €578 to €120
- Financial charges +€54
up €54 (+46.1%), from €116 to €170
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 | €35,649 | €14,344 | -€21,305 | -59.8% |
| Fixed assets | 21/28 | €17,248 | €11,002 | -€6,246 | -36.2% |
| Tangible fixed assets | 22/27 | €17,248 | €11,002 | -€6,246 | -36.2% |
| Furniture and vehicles | 24 | €17,248 | €11,002 | -€6,246 | -36.2% |
| Current assets | 29/58 | €18,401 | €3,342 | -€15,059 | -81.8% |
| Amounts receivable within one year | 40/41 | €1,679 | €1,810 | +€130 | +7.8% |
| Trade receivables | 40 | €1,241 | €1,577 | +€336 | +27.1% |
| Other amounts receivable | 41 | €438 | €233 | -€205 | -46.9% |
| Cash at bank and in hand | 54/58 | €15,916 | €560 | -€15,357 | -96.5% |
| Deferred charges and accrued income | 490/1 | €806 | €973 | +€167 | +20.8% |
| Total equity and liabilities | 10/49 | €35,649 | €14,344 | -€21,305 | -59.8% |
| Equity | 10/15 | €24,036 | €13,063 | -€10,974 | -45.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €14,036 | €14,036 | = | 0.0% |
| Distributable reserves | 133 | €14,036 | €14,036 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€10,974 | -€10,974 | |
| Amounts payable | 17/49 | €11,613 | €1,282 | -€10,331 | -89.0% |
| Amounts payable within one year | 42/48 | €11,310 | €1,282 | -€10,029 | -88.7% |
| Trade debts | 44 | €2,024 | €0 | -€2,024 | -100.0% |
| Suppliers | 440/4 | €2,024 | €0 | -€2,024 | -100.0% |
| Taxes, remuneration and social security | 45 | €4,783 | €260 | -€4,523 | -94.6% |
| Taxes | 450/3 | €4,783 | €260 | -€4,523 | -94.6% |
| Other amounts payable | 47/48 | €4,503 | €1,022 | -€3,482 | -77.3% |
| Accrued charges and deferred income | 492/3 | €302 | €0 | -€302 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,246 | €6,246 | = | 0.0% |
| Other operating charges | 640/8 | €578 | €120 | -€458 | -79.2% |
| Gross operating margin | 9900 | €2,807 | -€4,307 | -€7,113 | |
| Operating profit (loss) | 9901 | -€4,016 | -€10,672 | -€6,656 | -165.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €116 | €170 | +€54 | +46.1% |
| Recurring financial charges | 65 | €116 | €170 | +€54 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,132 | -€10,842 | -€6,709 | -162.4% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€4,260 | -€10,974 | -€6,713 | -157.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,260 | -€10,974 | -€6,713 | -157.6% |
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 29 September 2026 via checked.be.