Tom Beckers: 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 Beckers
Largest movements
- Receivables within one year -€14,369
down €14,369 (-35.7%), from €40,284 to €25,916
of which Trade receivables: -€11,147
- Cash -€4,538
down €4,538 (-29.1%), from €15,598 to €11,059
mainly Investment in fixed assets (net) (-€18,235) and Debts after one year (-€17,774)
- Debts after one year -€17,774
down €17,774 (-9.9%), from €179,885 to €162,111
- Tax, wage and social debts -€5,282
down €5,282 (-41.4%), from €12,743 to €7,462
of which Taxes: -€5,133
- Reserves +€4,913
up €4,913 (+4.2%), from €116,105 to €121,018
- Gross operating margin +€17,125
up €17,125 (+57.8%), from €29,629 to €46,753
- Depreciation +€11,464
up €11,464 (+207%), from €5,550 to €17,014
- Taxes +€3,816
up €3,816 (+89.3%), from €4,276 to €8,092
- Financial charges -€762
down €762 (-15.7%), from €4,856 to €4,093
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 | €359,610 | €341,927 | -€17,683 | -4.9% |
| Fixed assets | 21/28 | €303,631 | €304,851 | +€1,221 | +0.4% |
| Tangible fixed assets | 22/27 | €303,631 | €304,851 | +€1,221 | +0.4% |
| Land and buildings | 22 | €275,493 | €264,628 | -€10,865 | -3.9% |
| Plant, machinery and equipment | 23 | €26,683 | €23,977 | -€2,706 | -10.1% |
| Furniture and vehicles | 24 | €1,455 | €16,247 | +€14,792 | +1,017% |
| Current assets | 29/58 | €55,979 | €37,075 | -€18,904 | -33.8% |
| Amounts receivable within one year | 40/41 | €40,284 | €25,916 | -€14,369 | -35.7% |
| Trade receivables | 40 | €36,978 | €25,831 | -€11,147 | -30.1% |
| Other amounts receivable | 41 | €3,306 | €84 | -€3,222 | -97.5% |
| Cash at bank and in hand | 54/58 | €15,598 | €11,059 | -€4,538 | -29.1% |
| Deferred charges and accrued income | 490/1 | €97 | €100 | +€3 | +3.4% |
| Total equity and liabilities | 10/49 | €359,610 | €341,927 | -€17,683 | -4.9% |
| Equity | 10/15 | €122,305 | €127,218 | +€4,913 | +4.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €116,105 | €121,018 | +€4,913 | +4.2% |
| Distributable reserves | 133 | €116,105 | €121,018 | +€4,913 | +4.2% |
| Amounts payable | 17/49 | €237,304 | €214,708 | -€22,596 | -9.5% |
| Amounts payable after more than one year | 17 | €179,885 | €162,111 | -€17,774 | -9.9% |
| Financial debts | 170/4 | €179,885 | €162,111 | -€17,774 | -9.9% |
| Amounts payable within one year | 42/48 | €57,419 | €52,597 | -€4,822 | -8.4% |
| Current portion of amounts payable after more than one year | 42 | €34,177 | €34,525 | +€348 | +1.0% |
| Trade debts | 44 | €8,393 | €5,633 | -€2,760 | -32.9% |
| Suppliers | 440/4 | €8,393 | €5,633 | -€2,760 | -32.9% |
| Taxes, remuneration and social security | 45 | €12,743 | €7,462 | -€5,282 | -41.4% |
| Taxes | 450/3 | €10,505 | €5,372 | -€5,133 | -48.9% |
| Remuneration and social security | 454/9 | €2,239 | €2,090 | -€149 | -6.6% |
| Other amounts payable | 47/48 | €2,106 | €4,978 | +€2,871 | +136% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,550 | €17,014 | +€11,464 | +207% |
| Other operating charges | 640/8 | €2,312 | €2,719 | +€407 | +17.6% |
| Gross operating margin | 9900 | €29,629 | €46,753 | +€17,125 | +57.8% |
| Operating profit (loss) | 9901 | €21,767 | €27,020 | +€5,253 | +24.1% |
| Financial income | 75/76B | €85 | €78 | -€7 | -8.7% |
| Recurring financial income | 75 | €85 | €78 | -€7 | -8.7% |
| Financial charges | 65/66B | €4,856 | €4,093 | -€762 | -15.7% |
| Recurring financial charges | 65 | €4,856 | €4,093 | -€762 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | €16,997 | €23,005 | +€6,008 | +35.3% |
| Income taxes | 67/77 | €4,276 | €8,092 | +€3,816 | +89.3% |
| Profit (loss) for the period | 9904 | €12,721 | €14,913 | +€2,192 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,721 | €14,913 | +€2,192 | +17.2% |
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 29 October 2026 via checked.be.