VAN THOURNOUT & PARTNERS: 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 THOURNOUT & PARTNERS
Largest movements
- Receivables within one year -€32,516
down €32,516 (-41.6%), from €78,205 to €45,689
of which Trade receivables: -€28,209
- Cash +€27,246
up €27,246 (+58.4%), from €46,680 to €73,926
mainly Receivables within one year (+€32,516) and Net result for the year (+€28,204)
- Tangible fixed assets +€9,309
up €9,309 (+207%), from €4,493 to €13,802
of which Furniture and vehicles: +€10,370
- Other debts +€18,235
up €18,235 (+254%), from €7,173 to €25,408
- Profit (loss) carried forward -€15,796
down €15,796 (-12.5%), from €126,072 to €110,275
- Trade debts +€12,046
up €12,046 (+2,006%), from €601 to €12,646
- Reserves -€6,000
down €6,000 (-9.7%), from €61,855 to €55,855
of which Distributable reserves: -€6,000
- Tax, wage and social debts -€4,434
down €4,434 (-44.7%), from €9,925 to €5,491
of which Taxes: -€2,447
- Gross operating margin +€30,344
up €30,344 (+688%), from €4,411 to €34,755
- Other operating charges +€3,127
up €3,127 (+450%), from €695 to €3,822
- Taxes +€2,685
up €2,685 (+537%), from €500 to €3,185
- Financial income +€1,260
up €1,260 (+19.1%), from €6,607 to €7,867
- Write-downs -€849
new in 2025: -€849
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 | €224,873 | €228,227 | +€3,353 | +1.5% |
| Fixed assets | 21/28 | €99,058 | €108,368 | +€9,309 | +9.4% |
| Tangible fixed assets | 22/27 | €4,493 | €13,802 | +€9,309 | +207% |
| Furniture and vehicles | 24 | €3,026 | €13,396 | +€10,370 | +343% |
| Other tangible fixed assets | 26 | €1,466 | €406 | -€1,061 | -72.3% |
| Financial fixed assets | 28 | €94,566 | €94,566 | = | 0.0% |
| Current assets | 29/58 | €125,815 | €119,859 | -€5,956 | -4.7% |
| Amounts receivable within one year | 40/41 | €78,205 | €45,689 | -€32,516 | -41.6% |
| Trade receivables | 40 | €56,362 | €28,152 | -€28,209 | -50.1% |
| Other amounts receivable | 41 | €21,843 | €17,537 | -€4,306 | -19.7% |
| Cash at bank and in hand | 54/58 | €46,680 | €73,926 | +€27,246 | +58.4% |
| Deferred charges and accrued income | 490/1 | €930 | €244 | -€686 | -73.8% |
| Total equity and liabilities | 10/49 | €224,873 | €228,227 | +€3,353 | +1.5% |
| Equity | 10/15 | €206,477 | €184,680 | -€21,796 | -10.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €61,855 | €55,855 | -€6,000 | -9.7% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €60,000 | €54,000 | -€6,000 | -10.0% |
| Profit (loss) carried forward | 14 | €126,072 | €110,275 | -€15,796 | -12.5% |
| Amounts payable | 17/49 | €18,397 | €43,547 | +€25,150 | +137% |
| Amounts payable within one year | 42/48 | €18,397 | €43,547 | +€25,150 | +137% |
| Financial debts | 43 | €699 | €1 | -€698 | -99.9% |
| Credit institutions | 430/8 | €699 | €1 | -€698 | -99.9% |
| Trade debts | 44 | €601 | €12,646 | +€12,046 | +2,006% |
| Suppliers | 440/4 | €601 | €12,646 | +€12,046 | +2,006% |
| Taxes, remuneration and social security | 45 | €9,925 | €5,491 | -€4,434 | -44.7% |
| Taxes | 450/3 | €7,938 | €5,491 | -€2,447 | -30.8% |
| Remuneration and social security | 454/9 | €1,987 | - | -€1,987 | |
| Other amounts payable | 47/48 | €7,173 | €25,408 | +€18,235 | +254% |
| Non-recurring operating income | 76A | €1,343 | €4,527 | +€3,184 | +237% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,692 | €3,447 | +€755 | +28.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€849 | -€849 | |
| Other operating charges | 640/8 | €695 | €3,822 | +€3,127 | +450% |
| Non-recurring operating charges | 66A | €1,343 | €4,527 | +€3,184 | +237% |
| Gross operating margin | 9900 | €4,411 | €34,755 | +€30,344 | +688% |
| Operating profit (loss) | 9901 | -€319 | €23,808 | +€24,127 | |
| Financial income | 75/76B | €6,607 | €7,867 | +€1,260 | +19.1% |
| Recurring financial income | 75 | €6,607 | €7,867 | +€1,260 | +19.1% |
| Financial charges | 65/66B | €301 | €287 | -€14 | -4.6% |
| Recurring financial charges | 65 | €301 | €287 | -€14 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €5,987 | €31,389 | +€25,402 | +424% |
| Income taxes | 67/77 | €500 | €3,185 | +€2,685 | +537% |
| Profit (loss) for the period | 9904 | €5,487 | €28,204 | +€22,716 | +414% |
| Profit (loss) for the period to be appropriated | 9905 | €5,487 | €28,204 | +€22,716 | +414% |
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 22 October 2026 via checked.be.