Tom Bauwens: 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.
Tom Bauwens
Largest movements
- Cash -€353,508
down €353,508 (-50.5%), from €699,789 to €346,281
mainly Contributions, distributions and other (-€440,803) and Tax, wage and social debts (-€10,219)
- Reserves -€351,964
down €351,964 (-50.5%), from €697,518 to €345,554
- Tax, wage and social debts -€10,219
down €10,219 (-53.2%), from €19,217 to €8,998
- Gross operating margin +€4,627
up €4,627 (+3.9%), from €118,044 to €122,672
- Taxes +€1,374
up €1,374 (+4.1%), from €33,417 to €34,792
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 | €738,511 | €376,199 | -€362,312 | -49.1% |
| Current assets | 29/58 | €738,511 | €376,199 | -€362,312 | -49.1% |
| Amounts receivable within one year | 40/41 | €20,948 | €17,686 | -€3,262 | -15.6% |
| Trade receivables | 40 | €20,948 | €16,940 | -€4,008 | -19.1% |
| Other amounts receivable | 41 | - | €746 | +€746 | |
| Cash at bank and in hand | 54/58 | €699,789 | €346,281 | -€353,508 | -50.5% |
| Deferred charges and accrued income | 490/1 | €17,774 | €12,231 | -€5,543 | -31.2% |
| Total equity and liabilities | 10/49 | €738,511 | €376,199 | -€362,312 | -49.1% |
| Equity | 10/15 | €716,068 | €364,104 | -€351,964 | -49.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €697,518 | €345,554 | -€351,964 | -50.5% |
| Distributable reserves | 133 | €697,518 | €345,554 | -€351,964 | -50.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €22,443 | €12,095 | -€10,348 | -46.1% |
| Amounts payable within one year | 42/48 | €21,577 | €11,072 | -€10,505 | -48.7% |
| Trade debts | 44 | €1,235 | €46 | -€1,188 | -96.2% |
| Suppliers | 440/4 | €1,235 | €46 | -€1,188 | -96.2% |
| Taxes, remuneration and social security | 45 | €19,217 | €8,998 | -€10,219 | -53.2% |
| Taxes | 450/3 | €19,217 | €8,998 | -€10,219 | -53.2% |
| Other amounts payable | 47/48 | €1,125 | €2,028 | +€903 | +80.2% |
| Accrued charges and deferred income | 492/3 | €866 | €1,023 | +€157 | +18.1% |
| Other operating charges | 640/8 | €712 | €793 | +€82 | +11.5% |
| Gross operating margin | 9900 | €118,044 | €122,672 | +€4,627 | +3.9% |
| Operating profit (loss) | 9901 | €117,333 | €121,878 | +€4,545 | +3.9% |
| Financial income | 75/76B | €2,033 | €1,793 | -€239 | -11.8% |
| Recurring financial income | 75 | €2,033 | €1,793 | -€239 | -11.8% |
| Financial charges | 65/66B | €54 | €40 | -€13 | -24.5% |
| Recurring financial charges | 65 | €54 | €40 | -€13 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €119,312 | €123,631 | +€4,319 | +3.6% |
| Income taxes | 67/77 | €33,417 | €34,792 | +€1,374 | +4.1% |
| Profit (loss) for the period | 9904 | €85,895 | €88,839 | +€2,945 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €85,895 | €88,839 | +€2,945 | +3.4% |
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 23 October 2026 via checked.be.