DE TOEKOMST: 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.
DE TOEKOMST
Largest movements
- Tangible fixed assets -€21,924
down €21,924 (-33.2%), from €65,990 to €44,066
of which Furniture and vehicles: -€12,142
- Receivables within one year -€17,539
down €17,539 (-74.1%), from €23,670 to €6,131
- Cash +€6,082
up €6,082 (+7.4%), from €81,826 to €87,908
mainly Depreciation (+€23,584) and Receivables within one year (+€17,539)
- Reserves -€26,593
down €26,593 (-23.0%), from €115,676 to €89,083
- Debts after one year -€5,251
down €5,251 (-18.1%), from €29,019 to €23,768
- Gross operating margin -€15,725
down €15,725 (-28.0%), from €56,145 to €40,420
- Taxes -€5,431
down €5,431 (-54.8%), from €9,919 to €4,488
- Other operating charges +€3,530
up €3,530 (+266%), from €1,327 to €4,857
- Financial charges -€703
down €703 (-43.9%), from €1,603 to €900
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 | €178,971 | €146,664 | -€32,307 | -18.1% |
| Fixed assets | 21/28 | €66,240 | €44,316 | -€21,924 | -33.1% |
| Tangible fixed assets | 22/27 | €65,990 | €44,066 | -€21,924 | -33.2% |
| Land and buildings | 22 | €1,052 | - | -€1,052 | |
| Plant, machinery and equipment | 23 | €9,014 | €7,613 | -€1,401 | -15.5% |
| Furniture and vehicles | 24 | €21,889 | €9,746 | -€12,142 | -55.5% |
| Other tangible fixed assets | 26 | €34,035 | €26,707 | -€7,328 | -21.5% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €112,731 | €102,348 | -€10,383 | -9.2% |
| Stocks and contracts in progress | 3 | €6,190 | €7,225 | +€1,035 | +16.7% |
| Stocks | 30/36 | €6,190 | €7,225 | +€1,035 | +16.7% |
| Amounts receivable within one year | 40/41 | €23,670 | €6,131 | -€17,539 | -74.1% |
| Other amounts receivable | 41 | €23,670 | €6,131 | -€17,539 | -74.1% |
| Cash at bank and in hand | 54/58 | €81,826 | €87,908 | +€6,082 | +7.4% |
| Deferred charges and accrued income | 490/1 | €1,045 | €1,084 | +€39 | +3.7% |
| Total equity and liabilities | 10/49 | €178,971 | €146,664 | -€32,307 | -18.1% |
| Equity | 10/15 | €134,268 | €107,675 | -€26,593 | -19.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €115,676 | €89,083 | -€26,593 | -23.0% |
| Distributable reserves | 133 | €115,676 | €89,083 | -€26,593 | -23.0% |
| Amounts payable | 17/49 | €44,703 | €38,989 | -€5,714 | -12.8% |
| Amounts payable after more than one year | 17 | €29,019 | €23,768 | -€5,251 | -18.1% |
| Financial debts | 170/4 | €29,019 | €23,768 | -€5,251 | -18.1% |
| Amounts payable within one year | 42/48 | €15,684 | €15,221 | -€463 | -3.0% |
| Current portion of amounts payable after more than one year | 42 | €8,562 | €8,623 | +€62 | +0.7% |
| Trade debts | 44 | €2,154 | €2,827 | +€673 | +31.2% |
| Suppliers | 440/4 | €2,154 | €2,827 | +€673 | +31.2% |
| Taxes, remuneration and social security | 45 | €4,967 | €3,770 | -€1,197 | -24.1% |
| Taxes | 450/3 | €2,364 | €1,166 | -€1,197 | -50.7% |
| Remuneration and social security | 454/9 | €2,604 | €2,604 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,083 | €23,584 | +€501 | +2.2% |
| Other operating charges | 640/8 | €1,327 | €4,857 | +€3,530 | +266% |
| Gross operating margin | 9900 | €56,145 | €40,420 | -€15,725 | -28.0% |
| Operating profit (loss) | 9901 | €31,735 | €11,978 | -€19,756 | -62.3% |
| Financial income | 75/76B | €634 | €97 | -€537 | -84.6% |
| Recurring financial income | 75 | €634 | €97 | -€537 | -84.6% |
| Financial charges | 65/66B | €1,603 | €900 | -€703 | -43.9% |
| Recurring financial charges | 65 | €1,603 | €900 | -€703 | -43.9% |
| Profit (loss) for the period before taxes | 9903 | €30,767 | €11,176 | -€19,590 | -63.7% |
| Income taxes | 67/77 | €9,919 | €4,488 | -€5,431 | -54.8% |
| Profit (loss) for the period | 9904 | €20,847 | €6,688 | -€14,159 | -67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €20,847 | €6,688 | -€14,159 | -67.9% |
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 19 October 2026 via checked.be.