TOM: 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.
TOM
Largest movements
- Cash -€52,657
down €52,657 (-44.3%), from €118,936 to €66,279
mainly Trade debts (-€46,612) and Receivables within one year (-€21,978)
- Receivables within one year +€21,978
up €21,978 (+18.7%), from €117,632 to €139,611
of which Other amounts receivable: +€61,488
- Stocks and contracts +€8,950
up €8,950 (+1.5%), from €582,838 to €591,788
- Trade debts -€46,612
down €46,612 (-28.7%), from €162,527 to €115,915
- Reserves +€24,700
up €24,700 (+5.1%), from €488,900 to €513,600
- Gross operating margin -€179,948
down €179,948 (-67.4%), from €267,110 to €87,162
- Taxes -€53,916
down €53,916 (-79.8%), from €67,590 to €13,674
- Financial charges -€3,134
down €3,134 (-46.0%), from €6,815 to €3,681
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.
Cash bridge derived
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 | €831,802 | €803,654 | -€28,148 | -3.4% |
| Fixed assets | 21/28 | €7,114 | €2,499 | -€4,615 | -64.9% |
| Intangible fixed assets | 21 | €764 | €197 | -€567 | -74.2% |
| Tangible fixed assets | 22/27 | €6,350 | €2,302 | -€4,048 | -63.7% |
| Plant, machinery and equipment | 23 | €4,604 | €2,302 | -€2,302 | -50.0% |
| Furniture and vehicles | 24 | €1,746 | - | -€1,746 | |
| Current assets | 29/58 | €824,688 | €801,155 | -€23,533 | -2.9% |
| Stocks and contracts in progress | 3 | €582,838 | €591,788 | +€8,950 | +1.5% |
| Stocks | 30/36 | €582,838 | €591,788 | +€8,950 | +1.5% |
| Amounts receivable within one year | 40/41 | €117,632 | €139,611 | +€21,978 | +18.7% |
| Trade receivables | 40 | €60,660 | €21,150 | -€39,510 | -65.1% |
| Other amounts receivable | 41 | €56,972 | €118,461 | +€61,488 | +107.9% |
| Cash at bank and in hand | 54/58 | €118,936 | €66,279 | -€52,657 | -44.3% |
| Deferred charges and accrued income | 490/1 | €5,282 | €3,478 | -€1,804 | -34.2% |
| Total equity and liabilities | 10/49 | €831,802 | €803,654 | -€28,148 | -3.4% |
| Equity | 10/15 | €613,293 | €638,060 | +€24,767 | +4.0% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €488,900 | €513,600 | +€24,700 | +5.1% |
| Distributable reserves | 133 | €488,900 | €513,600 | +€24,700 | +5.1% |
| Profit (loss) carried forward | 14 | €393 | €460 | +€67 | +17.0% |
| Amounts payable | 17/49 | €218,509 | €165,594 | -€52,915 | -24.2% |
| Amounts payable within one year | 42/48 | €218,509 | €165,594 | -€52,915 | -24.2% |
| Trade debts | 44 | €162,527 | €115,915 | -€46,612 | -28.7% |
| Suppliers | 440/4 | €162,527 | €115,915 | -€46,612 | -28.7% |
| Taxes, remuneration and social security | 45 | €54,982 | €49,679 | -€5,303 | -9.6% |
| Taxes | 450/3 | €50,007 | €37,183 | -€12,823 | -25.6% |
| Remuneration and social security | 454/9 | €4,975 | €12,495 | +€7,520 | +151.2% |
| Other amounts payable | 47/48 | €1,000 | - | -€1,000 | |
| Remuneration, social security and pensions | 62 | €38,525 | €40,490 | +€1,965 | +5.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,361 | €4,615 | -€1,746 | -27.4% |
| Other operating charges | 640/8 | €6,029 | €5,380 | -€648 | -10.8% |
| Gross operating margin | 9900 | €267,110 | €87,162 | -€179,948 | -67.4% |
| Operating profit (loss) | 9901 | €216,195 | €36,676 | -€179,519 | -83.0% |
| Financial income | 75/76B | €4,810 | €5,445 | +€635 | +13.2% |
| Recurring financial income | 75 | €4,810 | €5,445 | +€635 | +13.2% |
| Financial charges | 65/66B | €6,815 | €3,681 | -€3,134 | -46.0% |
| Recurring financial charges | 65 | €6,815 | €3,681 | -€3,134 | -46.0% |
| Profit (loss) for the period before taxes | 9903 | €214,190 | €38,441 | -€175,749 | -82.1% |
| Income taxes | 67/77 | €67,590 | €13,674 | -€53,916 | -79.8% |
| Profit (loss) for the period | 9904 | €146,600 | €24,767 | -€121,833 | -83.1% |
| Profit (loss) for the period to be appropriated | 9905 | €146,600 | €24,767 | -€121,833 | -83.1% |
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 4 October 2026 via checked.be.