TODAY FOR TOMORROW: what changed
What changed
TODAY FOR TOMORROW
NACE 68.121, Development of residential building projects
filed annual accounts (NBB)
Net result for the year
-€15,507
2024 · €416,720-€432,227
Equity
€90,056
2024 · €105,563-€15,507
Cash
€232,041
2024 · €240,342-€8,301
Balance sheet total
€944,660
2024 · €1.1m-€172,082
Largest movements
Assets
- Receivables within one year -€223,017
down €223,017 (-40.0%), from €556,854 to €333,837
of which Other amounts receivable: -€208,295
- Intangible fixed assets +€124,242
new in 2025: €124,242
- Financial fixed assets -€60,000
down €60,000 (-100%), from €60,000 to €0
Equity and liabilities
- Provisions -€270,000
down €270,000 (-44.6%), from €604,845 to €334,845
- Other debts +€59,316
up €59,316 (+68.6%), from €86,437 to €145,753
- Trade debts +€39,942
up €39,942 (+15.5%), from €256,942 to €296,884
- Tax, wage and social debts +€18,423
up €18,423 (+65.6%), from €28,096 to €46,519
of which Remuneration and social security: +€27,293
- Profit (loss) carried forward -€15,507
down €15,507 (-26.4%), from €58,764 to €43,256
Income statement
- Financial income -€450,750
down €450,750 (-95.9%), from €469,847 to €19,097
- Gross operating margin +€68,932
up €68,932 (+34.1%), from €202,233 to €271,165
- Provisions +€40,800
up €40,800 (+13.1%), from -€310,800 to -€270,000
- Staff costs +€34,100
up €34,100 (+7.2%), from €475,125 to €509,224
- Other operating charges -€14,790
down €14,790 (-67.5%), from €21,906 to €7,115
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.
Result 2024
€416,720
Gross operating margin
+€68,932
Staff costs
-€34,100
Depreciation
-€14,546
Provisions
-€40,800
Other operating charges
+€14,790
Other operating items
+€2,810
Financial income
-€450,750
Financial charges
+€9,905
Taxes
+€11,531
Result 2025
-€15,507
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€75,862
Investment
-€79,907
Financing
-€4,256
Cash 2024
€240,342
From operations (derived)
+€75,862
Net result for the year
-€15,507
Depreciation
+€24,560
Receivables within one year
+€223,017
Deferred charges and accrued income
-€3,888
Provisions
-€270,000
Trade debts
+€39,942
Tax, wage and social debts
+€18,423
Other debts
+€59,316
Investment (derived)
-€79,907
Investment in fixed assets (net)
-€78,046
Current investments
-€1,861
Financing
-€4,256
Debts after one year
-€4,920
Short-term financial debts
+€664
Cash 2025
€232,041
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,116,742 | €944,660 | -€172,082 | -15.4% |
| Fixed assets | 21/28 | €88,722 | €142,208 | +€53,487 | +60.3% |
| Intangible fixed assets | 21 | - | €124,242 | +€124,242 | |
| Tangible fixed assets | 22/27 | €28,722 | €17,967 | -€10,755 | -37.4% |
| Land and buildings | 22 | €5,489 | €2,637 | -€2,852 | -52.0% |
| Plant, machinery and equipment | 23 | €17,510 | €11,490 | -€6,020 | -34.4% |
| Furniture and vehicles | 24 | €4,924 | €3,840 | -€1,084 | -22.0% |
| Other tangible fixed assets | 26 | €798 | €0 | -€798 | -100% |
| Financial fixed assets | 28 | €60,000 | €0 | -€60,000 | -100% |
| Current assets | 29/58 | €1,028,021 | €802,452 | -€225,569 | -21.9% |
| Amounts receivable within one year | 40/41 | €556,854 | €333,837 | -€223,017 | -40.0% |
| Trade receivables | 40 | €278,422 | €263,700 | -€14,722 | -5.3% |
| Other amounts receivable | 41 | €278,432 | €70,137 | -€208,295 | -74.8% |
| Current investments | 50/53 | €230,825 | €232,686 | +€1,861 | +0.8% |
| Cash at bank and in hand | 54/58 | €240,342 | €232,041 | -€8,301 | -3.5% |
| Deferred charges and accrued income | 490/1 | - | €3,888 | +€3,888 | |
| Total equity and liabilities | 10/49 | €1,116,742 | €944,660 | -€172,082 | -15.4% |
| Equity | 10/15 | €105,563 | €90,056 | -€15,507 | -14.7% |
| Contributions | 10/11 | €46,800 | €46,800 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €58,764 | €43,256 | -€15,507 | -26.4% |
| Provisions and deferred taxes | 16 | €604,845 | €334,845 | -€270,000 | -44.6% |
| Provisions for liabilities and charges | 160/5 | €604,845 | €334,845 | -€270,000 | -44.6% |
| Environmental obligations | 163 | €604,845 | €334,845 | -€270,000 | -44.6% |
| Amounts payable | 17/49 | €406,334 | €519,759 | +€113,425 | +27.9% |
| Amounts payable after more than one year | 17 | €29,939 | €25,019 | -€4,920 | -16.4% |
| Financial debts | 170/4 | €29,939 | €25,019 | -€4,920 | -16.4% |
| Amounts payable within one year | 42/48 | €376,395 | €494,740 | +€118,345 | +31.4% |
| Current portion of amounts payable after more than one year | 42 | €4,920 | €4,920 | = | 0.0% |
| Financial debts | 43 | - | €664 | +€664 | |
| Credit institutions | 430/8 | - | €664 | +€664 | |
| Trade debts | 44 | €256,942 | €296,884 | +€39,942 | +15.5% |
| Suppliers | 440/4 | €256,942 | €296,884 | +€39,942 | +15.5% |
| Taxes, remuneration and social security | 45 | €28,096 | €46,519 | +€18,423 | +65.6% |
| Taxes | 450/3 | €21,952 | €13,083 | -€8,869 | -40.4% |
| Remuneration and social security | 454/9 | €6,144 | €33,436 | +€27,293 | +444% |
| Other amounts payable | 47/48 | €86,437 | €145,753 | +€59,316 | +68.6% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €44,006 | +€44,006 | |
| Remuneration, social security and pensions | 62 | €475,125 | €509,224 | +€34,100 | +7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,014 | €24,560 | +€14,546 | +145% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €0 | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€310,800 | -€270,000 | +€40,800 | +13.1% |
| Other operating charges | 640/8 | €21,906 | €7,115 | -€14,790 | -67.5% |
| Non-recurring operating charges | 66A | - | -€2,810 | -€2,810 | |
| Gross operating margin | 9900 | €202,233 | €271,165 | +€68,932 | +34.1% |
| Operating profit (loss) | 9901 | €5,989 | €3,076 | -€2,913 | -48.6% |
| Financial income | 75/76B | €469,847 | €19,097 | -€450,750 | -95.9% |
| Recurring financial income | 75 | €469,847 | €19,097 | -€450,750 | -95.9% |
| Financial charges | 65/66B | €38,027 | €28,122 | -€9,905 | -26.0% |
| Recurring financial charges | 65 | €12,535 | €28,122 | +€15,587 | +124% |
| Non-recurring financial charges | 66B | €25,492 | - | -€25,492 | |
| Profit (loss) for the period before taxes | 9903 | €437,809 | -€5,950 | -€443,758 | |
| Income taxes | 67/77 | €21,089 | €9,558 | -€11,531 | -54.7% |
| Profit (loss) for the period | 9904 | €416,720 | -€15,507 | -€432,227 | |
| Profit (loss) for the period to be appropriated | 9905 | €416,720 | -€15,507 | -€432,227 |
Next steps
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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 7 November 2026 via checked.be.