Vincent THYRION: what changed
Vincent THYRION
Largest movements
- Current investments -€30,000
down €30,000 (-27.3%), from €110,000 to €80,000
- Receivables within one year +€29,226
up €29,226 (+1,010%), from €2,894 to €32,120
- Cash +€17,270
up €17,270 (+54.8%), from €31,488 to €48,758
mainly Net result for the year (+€114,374) and Current investments (+€30,000)
- Tangible fixed assets -€3,332
down €3,332 (-21.8%), from €15,288 to €11,957
of which Furniture and vehicles: -€1,818
- Deferred charges and accrued income -€3,179
down €3,179 (-82.2%), from €3,868 to €689
- Current portion of long-term debt +€14,096
new in 2025: €14,096
- Other debts -€12,887
down €12,887 (-9.6%), from €133,623 to €120,735
- Tax, wage and social debts +€9,592
up €9,592 (+78.9%), from €12,164 to €21,756
- Gross operating margin +€36,830
up €36,830 (+30.1%), from €122,378 to €159,208
- Taxes +€9,911
up €9,911 (+30.8%), from €32,150 to €42,061
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €165,280 | €175,266 | +€9,986 | +6.0% |
| Fixed assets | 21/28 | €17,030 | €13,699 | -€3,332 | -19.6% |
| Tangible fixed assets | 22/27 | €15,288 | €11,957 | -€3,332 | -21.8% |
| Land and buildings | 22 | €9,339 | €8,400 | -€939 | -10.1% |
| Furniture and vehicles | 24 | €5,375 | €3,557 | -€1,818 | -33.8% |
| Other tangible fixed assets | 26 | €575 | - | -€575 | |
| Financial fixed assets | 28 | €1,742 | €1,742 | = | 0.0% |
| Current assets | 29/58 | €148,250 | €161,567 | +€13,317 | +9.0% |
| Amounts receivable within one year | 40/41 | €2,894 | €32,120 | +€29,226 | +1,010% |
| Trade receivables | 40 | €2,894 | €32,120 | +€29,226 | +1,010% |
| Current investments | 50/53 | €110,000 | €80,000 | -€30,000 | -27.3% |
| Cash at bank and in hand | 54/58 | €31,488 | €48,758 | +€17,270 | +54.8% |
| Deferred charges and accrued income | 490/1 | €3,868 | €689 | -€3,179 | -82.2% |
| Total equity and liabilities | 10/49 | €165,280 | €175,266 | +€9,986 | +6.0% |
| Equity | 10/15 | €19,170 | €18,550 | -€620 | -3.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €620 | - | -€620 | |
| Distributable reserves | 133 | €620 | - | -€620 | |
| Amounts payable | 17/49 | €146,110 | €156,716 | +€10,606 | +7.3% |
| Amounts payable within one year | 42/48 | €146,110 | €156,716 | +€10,606 | +7.3% |
| Current portion of amounts payable after more than one year | 42 | - | €14,096 | +€14,096 | |
| Trade debts | 44 | €324 | €129 | -€195 | -60.2% |
| Suppliers | 440/4 | €324 | €129 | -€195 | -60.2% |
| Taxes, remuneration and social security | 45 | €12,164 | €21,756 | +€9,592 | +78.9% |
| Taxes | 450/3 | €12,164 | €21,756 | +€9,592 | +78.9% |
| Other amounts payable | 47/48 | €133,623 | €120,735 | -€12,887 | -9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,846 | €3,332 | -€514 | -13.4% |
| Other operating charges | 640/8 | €458 | €565 | +€107 | +23.4% |
| Gross operating margin | 9900 | €122,378 | €159,208 | +€36,830 | +30.1% |
| Operating profit (loss) | 9901 | €118,074 | €155,311 | +€37,237 | +31.5% |
| Financial income | 75/76B | €1,315 | €2,482 | +€1,167 | +88.8% |
| Recurring financial income | 75 | €1,315 | €2,482 | +€1,167 | +88.8% |
| Financial charges | 65/66B | €1,008 | €1,357 | +€349 | +34.6% |
| Recurring financial charges | 65 | €1,008 | €1,357 | +€349 | +34.6% |
| Profit (loss) for the period before taxes | 9903 | €118,380 | €156,435 | +€38,055 | +32.1% |
| Income taxes | 67/77 | €32,150 | €42,061 | +€9,911 | +30.8% |
| Profit (loss) for the period | 9904 | €86,230 | €114,374 | +€28,144 | +32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €86,230 | €114,374 | +€28,144 | +32.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.