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
- Receivables within one year +€72,853
up €72,853 (+297%), from €24,533 to €97,385
of which Trade receivables: +€66,577
- Receivables after one year +€5,000
new in 2025: €5,000
- Cash -€3,770
down €3,770 (-10.4%), from €36,273 to €32,502
mainly Receivables within one year (-€72,853) and Tax, wage and social debts (-€9,598)
- Tangible fixed assets -€3,147
down €3,147 (-25.6%), from €12,299 to €9,152
of which Furniture and vehicles: -€2,466
- Advances received +€43,124
new in 2025: €43,124
- Trade debts +€24,885
up €24,885 (+112%), from €22,139 to €47,024
- Reserves +€10,379
up €10,379 (+31.0%), from €33,484 to €43,863
- Tax, wage and social debts -€9,598
down €9,598 (-92.5%), from €10,378 to €780
of which Taxes: -€9,147
- Other debts +€2,162
new in 2025: €2,162
- Gross operating margin -€11,414
down €11,414 (-29.3%), from €38,991 to €27,578
- Financial charges -€5,622
down €5,622 (-71.3%), from €7,886 to €2,264
- Financial income +€1,773
up €1,773 (+1,314%), from €135 to €1,908
- Staff costs +€1,227
up €1,227 (+18.0%), from €6,832 to €8,059
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 | €77,659 | €148,273 | +€70,614 | +90.9% |
| Fixed assets | 21/28 | €12,299 | €9,152 | -€3,147 | -25.6% |
| Tangible fixed assets | 22/27 | €12,299 | €9,152 | -€3,147 | -25.6% |
| Land and buildings | 22 | €2,321 | €2,085 | -€236 | -10.2% |
| Plant, machinery and equipment | 23 | €1,563 | €1,818 | +€255 | +16.3% |
| Furniture and vehicles | 24 | €6,183 | €3,717 | -€2,466 | -39.9% |
| Leasing and similar rights | 25 | €2,232 | €1,532 | -€700 | -31.4% |
| Current assets | 29/58 | €65,360 | €139,121 | +€73,761 | +113% |
| Amounts receivable after more than one year | 29 | - | €5,000 | +€5,000 | |
| Other amounts receivable | 291 | - | €5,000 | +€5,000 | |
| Stocks and contracts in progress | 3 | €4,555 | €4,233 | -€322 | -7.1% |
| Stocks | 30/36 | €4,555 | €4,233 | -€322 | -7.1% |
| Amounts receivable within one year | 40/41 | €24,533 | €97,385 | +€72,853 | +297% |
| Trade receivables | 40 | €23,941 | €90,518 | +€66,577 | +278% |
| Other amounts receivable | 41 | €591 | €6,867 | +€6,276 | +1,061% |
| Cash at bank and in hand | 54/58 | €36,273 | €32,502 | -€3,770 | -10.4% |
| Total equity and liabilities | 10/49 | €77,659 | €148,273 | +€70,614 | +90.9% |
| Equity | 10/15 | €39,684 | €50,063 | +€10,379 | +26.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €33,484 | €43,863 | +€10,379 | +31.0% |
| Distributable reserves | 133 | €33,484 | €43,863 | +€10,379 | +31.0% |
| Amounts payable | 17/49 | €37,975 | €98,210 | +€60,235 | +159% |
| Amounts payable after more than one year | 17 | €1,835 | €1,061 | -€774 | -42.2% |
| Financial debts | 170/4 | €1,835 | €1,061 | -€774 | -42.2% |
| Amounts payable within one year | 42/48 | €36,140 | €97,150 | +€61,010 | +169% |
| Current portion of amounts payable after more than one year | 42 | €668 | €1,033 | +€365 | +54.6% |
| Financial debts | 43 | €2,955 | €3,027 | +€72 | +2.4% |
| Credit institutions | 430/8 | €2,955 | €3,027 | +€72 | +2.4% |
| Trade debts | 44 | €22,139 | €47,024 | +€24,885 | +112% |
| Suppliers | 440/4 | €22,139 | €47,024 | +€24,885 | +112% |
| Advances received on contracts in progress | 46 | - | €43,124 | +€43,124 | |
| Taxes, remuneration and social security | 45 | €10,378 | €780 | -€9,598 | -92.5% |
| Taxes | 450/3 | €9,147 | €0 | -€9,147 | -100% |
| Remuneration and social security | 454/9 | €1,232 | €780 | -€452 | -36.7% |
| Other amounts payable | 47/48 | - | €2,162 | +€2,162 | |
| Remuneration, social security and pensions | 62 | €6,832 | €8,059 | +€1,227 | +18.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,371 | €4,297 | -€75 | -1.7% |
| Other operating charges | 640/8 | €795 | €858 | +€63 | +8.0% |
| Gross operating margin | 9900 | €38,991 | €27,578 | -€11,414 | -29.3% |
| Operating profit (loss) | 9901 | €26,993 | €14,364 | -€12,630 | -46.8% |
| Financial income | 75/76B | €135 | €1,908 | +€1,773 | +1,314% |
| Recurring financial income | 75 | €135 | €1,908 | +€1,773 | +1,314% |
| Financial charges | 65/66B | €7,886 | €2,264 | -€5,622 | -71.3% |
| Recurring financial charges | 65 | €7,886 | €2,264 | -€5,622 | -71.3% |
| Profit (loss) for the period before taxes | 9903 | €19,242 | €14,008 | -€5,234 | -27.2% |
| Income taxes | 67/77 | €3,409 | €3,629 | +€220 | +6.5% |
| Profit (loss) for the period | 9904 | €15,833 | €10,379 | -€5,454 | -34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €15,833 | €10,379 | -€5,454 | -34.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.