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 -€52,308
down €52,308 (-25.1%), from €208,277 to €155,969
of which Land and buildings: -€32,014
- Receivables within one year +€23,691
up €23,691 (+133%), from €17,836 to €41,527
of which Trade receivables: +€19,637
- Stocks and contracts -€7,385
down €7,385 (-100%), from €7,385 to €0
- Cash -€5,261
down €5,261 (-11.5%), from €45,679 to €40,418
mainly Debts after one year (-€29,680) and Receivables within one year (-€23,691)
- Advances received +€34,945
new in 2025: €34,945
- Debts after one year -€29,680
down €29,680 (-100%), from €29,680 to €0
- Trade debts -€17,404
down €17,404 (-84.5%), from €20,597 to €3,193
- Current portion of long-term debt -€9,620
down €9,620 (-100%), from €9,620 to €0
- Tax, wage and social debts -€8,635
down €8,635 (-66.4%), from €13,000 to €4,365
of which Taxes: -€7,137
- Gross operating margin -€103,045
down €103,045 (-78.5%), from €131,271 to €28,227
- Taxes -€20,996
down €20,996 (-100.0%), from €20,998 to €2
- Staff costs -€17,209
down €17,209 (-43.1%), from €39,907 to €22,698
- Depreciation -€16,122
down €16,122 (-67.5%), from €23,875 to €7,753
- Financial charges -€1,660
down €1,660 (-35.8%), from €4,633 to €2,974
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 | €279,418 | €237,915 | -€41,503 | -14.9% |
| Fixed assets | 21/28 | €208,277 | €155,969 | -€52,308 | -25.1% |
| Tangible fixed assets | 22/27 | €208,277 | €155,969 | -€52,308 | -25.1% |
| Land and buildings | 22 | €187,983 | €155,969 | -€32,014 | -17.0% |
| Plant, machinery and equipment | 23 | €7,631 | €0 | -€7,631 | -100% |
| Furniture and vehicles | 24 | €12,663 | €0 | -€12,663 | -100% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €71,141 | €81,945 | +€10,805 | +15.2% |
| Stocks and contracts in progress | 3 | €7,385 | €0 | -€7,385 | -100% |
| Stocks | 30/36 | €7,385 | €0 | -€7,385 | -100% |
| Amounts receivable within one year | 40/41 | €17,836 | €41,527 | +€23,691 | +133% |
| Trade receivables | 40 | €13,938 | €33,576 | +€19,637 | +141% |
| Other amounts receivable | 41 | €3,898 | €7,952 | +€4,054 | +104% |
| Cash at bank and in hand | 54/58 | €45,679 | €40,418 | -€5,261 | -11.5% |
| Deferred charges and accrued income | 490/1 | €241 | €0 | -€241 | -100% |
| Total equity and liabilities | 10/49 | €279,418 | €237,915 | -€41,503 | -14.9% |
| Equity | 10/15 | €191,885 | €184,168 | -€7,718 | -4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €185,685 | €185,685 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Tax-exempt reserves | 132 | €2,176 | €2,176 | = | 0.0% |
| Distributable reserves | 133 | €181,649 | €183,509 | +€1,860 | +1.0% |
| Profit (loss) carried forward | 14 | - | -€7,718 | -€7,718 | |
| Amounts payable | 17/49 | €87,532 | €53,747 | -€33,785 | -38.6% |
| Amounts payable after more than one year | 17 | €29,680 | €0 | -€29,680 | -100% |
| Financial debts | 170/4 | €29,680 | €0 | -€29,680 | -100% |
| Amounts payable within one year | 42/48 | €57,853 | €53,747 | -€4,106 | -7.1% |
| Current portion of amounts payable after more than one year | 42 | €9,620 | €0 | -€9,620 | -100% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €20,597 | €3,193 | -€17,404 | -84.5% |
| Suppliers | 440/4 | €20,597 | €3,193 | -€17,404 | -84.5% |
| Advances received on contracts in progress | 46 | - | €34,945 | +€34,945 | |
| Taxes, remuneration and social security | 45 | €13,000 | €4,365 | -€8,635 | -66.4% |
| Taxes | 450/3 | €7,191 | €55 | -€7,137 | -99.2% |
| Remuneration and social security | 454/9 | €5,809 | €4,310 | -€1,499 | -25.8% |
| Other amounts payable | 47/48 | €14,635 | €11,244 | -€3,391 | -23.2% |
| Non-recurring operating income | 76A | €15,652 | €15,946 | +€295 | +1.9% |
| Remuneration, social security and pensions | 62 | €39,907 | €22,698 | -€17,209 | -43.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,875 | €7,753 | -€16,122 | -67.5% |
| Other operating charges | 640/8 | €2,536 | €2,618 | +€82 | +3.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €131,271 | €28,227 | -€103,045 | -78.5% |
| Operating profit (loss) | 9901 | €64,953 | -€4,843 | -€69,796 | |
| Financial income | 75/76B | €15 | €101 | +€86 | +587% |
| Recurring financial income | 75 | €15 | €101 | +€86 | +587% |
| Financial charges | 65/66B | €4,633 | €2,974 | -€1,660 | -35.8% |
| Recurring financial charges | 65 | €4,633 | €2,974 | -€1,660 | -35.8% |
| Profit (loss) for the period before taxes | 9903 | €60,335 | -€7,716 | -€68,050 | |
| Income taxes | 67/77 | €20,998 | €2 | -€20,996 | -100.0% |
| Profit (loss) for the period | 9904 | €39,337 | -€7,718 | -€47,055 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,337 | -€7,718 | -€47,055 |
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 31 October 2026 via checked.be.