SpecialTom: what changed
Two fiscal 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.
SpecialTom
Largest movements
- Receivables within one year +€1.0m
up €1.0m (+33.9%), from €3.0m to €4.0m
of which Trade receivables: +€940,674
- Stocks and contracts +€261,550
up €261,550 (+147.2%), from €177,741 to €439,291
- Cash -€206,799
down €206,799 (-63.0%), from €328,024 to €121,226
mainly Receivables within one year (-€1.0m) and Stocks and contracts (-€261,550)
- Reserves +€500,819
up €500,819 (+44.0%), from €1.1m to €1.6m
- Short-term financial debts +€394,081
up €394,081 (+254.2%), from €155,037 to €549,118
- Trade debts +€188,314
up €188,314 (+9.0%), from €2.1m to €2.3m
- Taxes -€350,573
down €350,573 (-79.7%), from €440,141 to €89,567
- Write-downs +€105,604
new in 2025: €105,604
- Gross operating margin -€72,521
down €72,521 (-6.7%), from €1.1m to €1.0m
- Staff costs -€71,759
down €71,759 (-21.6%), from €331,962 to €260,203
From the 31-12-2024 result to the 31-12-2025 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.
Cash bridge derived
Derived from the 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,549,885 | €4,614,632 | +€1.1m | +30.0% |
| Fixed assets | 21/28 | €34,978 | €25,697 | -€9,281 | -26.5% |
| Intangible fixed assets | 21 | €1,333 | €1,083 | -€250 | -18.8% |
| Tangible fixed assets | 22/27 | €33,645 | €24,614 | -€9,031 | -26.8% |
| Plant, machinery and equipment | 23 | €3,001 | €1,483 | -€1,518 | -50.6% |
| Furniture and vehicles | 24 | €30,644 | €23,132 | -€7,512 | -24.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €3,514,907 | €4,588,935 | +€1.1m | +30.6% |
| Stocks and contracts in progress | 3 | €177,741 | €439,291 | +€261,550 | +147.2% |
| Stocks | 30/36 | €177,741 | €439,291 | +€261,550 | +147.2% |
| Amounts receivable within one year | 40/41 | €3,004,378 | €4,023,633 | +€1.0m | +33.9% |
| Trade receivables | 40 | €2,929,657 | €3,870,332 | +€940,674 | +32.1% |
| Other amounts receivable | 41 | €74,721 | €153,302 | +€78,580 | +105.2% |
| Cash at bank and in hand | 54/58 | €328,024 | €121,226 | -€206,799 | -63.0% |
| Deferred charges and accrued income | 490/1 | €4,763 | €4,785 | +€22 | +0.5% |
| Total equity and liabilities | 10/49 | €3,549,885 | €4,614,632 | +€1.1m | +30.0% |
| Equity | 10/15 | €1,237,362 | €1,738,181 | +€500,819 | +40.5% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,137,362 | €1,638,181 | +€500,819 | +44.0% |
| Distributable reserves | 133 | €1,137,362 | €1,638,181 | +€500,819 | +44.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,312,523 | €2,876,451 | +€563,928 | +24.4% |
| Amounts payable within one year | 42/48 | €2,312,523 | €2,876,451 | +€563,928 | +24.4% |
| Financial debts | 43 | €155,037 | €549,118 | +€394,081 | +254.2% |
| Credit institutions | 430/8 | €155,037 | €549,118 | +€394,081 | +254.2% |
| Trade debts | 44 | €2,101,760 | €2,290,074 | +€188,314 | +9.0% |
| Suppliers | 440/4 | €2,101,760 | €2,290,074 | +€188,314 | +9.0% |
| Taxes, remuneration and social security | 45 | €53,653 | €35,186 | -€18,468 | -34.4% |
| Taxes | 450/3 | €2,774 | €3,035 | +€260 | +9.4% |
| Remuneration and social security | 454/9 | €50,879 | €32,151 | -€18,728 | -36.8% |
| Other amounts payable | 47/48 | €2,073 | €2,073 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €331,962 | €260,203 | -€71,759 | -21.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,878 | €9,281 | +€403 | +4.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €105,604 | +€105,604 | |
| Other operating charges | 640/8 | €1,443 | €7,227 | +€5,784 | +400.9% |
| Gross operating margin | 9900 | €1,078,746 | €1,006,225 | -€72,521 | -6.7% |
| Operating profit (loss) | 9901 | €736,463 | €623,910 | -€112,553 | -15.3% |
| Financial income | 75/76B | €683 | €1 | -€682 | -99.8% |
| Recurring financial income | 75 | €683 | €1 | -€682 | -99.8% |
| Financial charges | 65/66B | €27,787 | €33,525 | +€5,738 | +20.6% |
| Recurring financial charges | 65 | €27,787 | €33,525 | +€5,738 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €709,359 | €590,386 | -€118,972 | -16.8% |
| Income taxes | 67/77 | €440,141 | €89,567 | -€350,573 | -79.7% |
| Profit (loss) for the period | 9904 | €269,218 | €500,819 | +€231,601 | +86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €269,218 | €500,819 | +€231,601 | +86.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.