Tom Bintein: 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 Bintein
Largest movements
- Tangible fixed assets -€22,718
down €22,718 (-4.6%), from €490,779 to €468,061
of which Land and buildings: -€25,455
- Receivables within one year +€7,166
up €7,166 (+10.4%), from €69,213 to €76,379
of which Other amounts receivable: +€5,213
- Debts after one year -€27,986
down €27,986 (-9.2%), from €305,005 to €277,020
- Reserves +€10,767
up €10,767 (+8.0%), from €135,029 to €145,796
- Gross operating margin -€21,024
down €21,024 (-22.5%), from €93,498 to €72,474
- Taxes -€5,302
down €5,302 (-53.9%), from €9,832 to €4,529
- Financial charges -€3,226
down €3,226 (-19.5%), from €16,519 to €13,293
- Depreciation +€2,619
up €2,619 (+6.9%), from €37,907 to €40,526
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 | €644,460 | €627,303 | -€17,157 | -2.7% |
| Fixed assets | 21/28 | €492,645 | €469,927 | -€22,718 | -4.6% |
| Tangible fixed assets | 22/27 | €490,779 | €468,061 | -€22,718 | -4.6% |
| Land and buildings | 22 | €445,499 | €420,044 | -€25,455 | -5.7% |
| Plant, machinery and equipment | 23 | €14,096 | €11,742 | -€2,354 | -16.7% |
| Furniture and vehicles | 24 | €31,184 | €36,275 | +€5,091 | +16.3% |
| Financial fixed assets | 28 | €1,866 | €1,866 | = | 0.0% |
| Current assets | 29/58 | €151,815 | €157,376 | +€5,561 | +3.7% |
| Stocks and contracts in progress | 3 | €14,511 | €13,056 | -€1,455 | -10.0% |
| Stocks | 30/36 | €11,787 | €13,056 | +€1,269 | +10.8% |
| Contracts in progress | 37 | €2,724 | €0 | -€2,724 | -100% |
| Amounts receivable within one year | 40/41 | €69,213 | €76,379 | +€7,166 | +10.4% |
| Trade receivables | 40 | €67,353 | €69,305 | +€1,953 | +2.9% |
| Other amounts receivable | 41 | €1,860 | €7,073 | +€5,213 | +280% |
| Cash at bank and in hand | 54/58 | €65,541 | €64,627 | -€914 | -1.4% |
| Deferred charges and accrued income | 490/1 | €2,551 | €3,315 | +€764 | +30.0% |
| Total equity and liabilities | 10/49 | €644,460 | €627,303 | -€17,157 | -2.7% |
| Equity | 10/15 | €150,029 | €160,796 | +€10,767 | +7.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €135,029 | €145,796 | +€10,767 | +8.0% |
| Distributable reserves | 133 | €135,029 | €145,796 | +€10,767 | +8.0% |
| Amounts payable | 17/49 | €494,431 | €466,507 | -€27,924 | -5.6% |
| Amounts payable after more than one year | 17 | €305,005 | €277,020 | -€27,986 | -9.2% |
| Financial debts | 170/4 | €305,005 | €277,020 | -€27,986 | -9.2% |
| Amounts payable within one year | 42/48 | €181,851 | €183,360 | +€1,509 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €27,659 | €27,986 | +€326 | +1.2% |
| Trade debts | 44 | €10,639 | €15,255 | +€4,616 | +43.4% |
| Suppliers | 440/4 | €10,639 | €15,255 | +€4,616 | +43.4% |
| Taxes, remuneration and social security | 45 | €15,938 | €10,395 | -€5,543 | -34.8% |
| Taxes | 450/3 | €15,938 | €10,395 | -€5,543 | -34.8% |
| Other amounts payable | 47/48 | €127,616 | €129,725 | +€2,109 | +1.7% |
| Accrued charges and deferred income | 492/3 | €7,575 | €6,128 | -€1,448 | -19.1% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,907 | €40,526 | +€2,619 | +6.9% |
| Other operating charges | 640/8 | €4,351 | €4,485 | +€135 | +3.1% |
| Gross operating margin | 9900 | €93,498 | €72,474 | -€21,024 | -22.5% |
| Operating profit (loss) | 9901 | €51,241 | €27,463 | -€23,778 | -46.4% |
| Financial income | 75/76B | €228 | €1,126 | +€899 | +395% |
| Recurring financial income | 75 | €228 | €1,126 | +€899 | +395% |
| Financial charges | 65/66B | €16,519 | €13,293 | -€3,226 | -19.5% |
| Recurring financial charges | 65 | €16,519 | €13,293 | -€3,226 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €34,949 | €15,296 | -€19,653 | -56.2% |
| Income taxes | 67/77 | €9,832 | €4,529 | -€5,302 | -53.9% |
| Profit (loss) for the period | 9904 | €25,118 | €10,767 | -€14,351 | -57.1% |
| Profit (loss) for the period to be appropriated | 9905 | €25,118 | €10,767 | -€14,351 | -57.1% |
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 17 October 2026 via checked.be.