TOM BUYSSE: 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 BUYSSE
Largest movements
- Tangible fixed assets +€57,407
up €57,407 (+20.4%), from €280,954 to €338,361
of which Land and buildings: +€84,183
- Receivables within one year +€32,660
up €32,660 (+92.9%), from €35,159 to €67,819
of which Trade receivables: +€33,242
- Cash +€15,484
up €15,484 (+55.8%), from €27,727 to €43,211
mainly Trade debts (+€70,803) and Depreciation (+€47,083)
- Trade debts +€70,803
up €70,803 (+869%), from €8,149 to €78,952
- Reserves -€45,901
down €45,901 (-17.6%), from €261,515 to €215,614
of which Distributable reserves: -€45,901
- Debts after one year +€31,979
up €31,979 (+44.5%), from €71,802 to €103,781
- Other debts +€30,195
up €30,195 (+3,229%), from €935 to €31,130
- Current portion of long-term debt +€12,213
up €12,213 (+53.9%), from €22,662 to €34,875
- Depreciation -€27,783
down €27,783 (-37.1%), from €74,866 to €47,083
- Staff costs +€25,535
up €25,535 (+17.7%), from €143,970 to €169,505
- Gross operating margin -€13,498
down €13,498 (-5.6%), from €243,056 to €229,558
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 | €425,926 | €536,251 | +€110,325 | +25.9% |
| Fixed assets | 21/28 | €280,954 | €338,361 | +€57,407 | +20.4% |
| Tangible fixed assets | 22/27 | €280,954 | €338,361 | +€57,407 | +20.4% |
| Land and buildings | 22 | €129,419 | €213,602 | +€84,183 | +65.0% |
| Plant, machinery and equipment | 23 | €42,872 | €32,719 | -€10,153 | -23.7% |
| Furniture and vehicles | 24 | €98,962 | €84,012 | -€14,949 | -15.1% |
| Other tangible fixed assets | 26 | €9,701 | €8,027 | -€1,674 | -17.3% |
| Current assets | 29/58 | €144,973 | €197,891 | +€52,918 | +36.5% |
| Stocks and contracts in progress | 3 | €81,258 | €86,027 | +€4,769 | +5.9% |
| Stocks | 30/36 | €81,258 | €86,027 | +€4,769 | +5.9% |
| Amounts receivable within one year | 40/41 | €35,159 | €67,819 | +€32,660 | +92.9% |
| Trade receivables | 40 | €26,027 | €59,269 | +€33,242 | +128% |
| Other amounts receivable | 41 | €9,132 | €8,550 | -€582 | -6.4% |
| Cash at bank and in hand | 54/58 | €27,727 | €43,211 | +€15,484 | +55.8% |
| Deferred charges and accrued income | 490/1 | €829 | €833 | +€4 | +0.5% |
| Total equity and liabilities | 10/49 | €425,926 | €536,251 | +€110,325 | +25.9% |
| Equity | 10/15 | €309,865 | €263,964 | -€45,901 | -14.8% |
| Contributions | 10/11 | €48,350 | €48,350 | = | 0.0% |
| Reserves | 13 | €261,515 | €215,614 | -€45,901 | -17.6% |
| Non-distributable reserves | 130/1 | €4,835 | €4,835 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,835 | €4,835 | = | 0.0% |
| Distributable reserves | 133 | €256,680 | €210,779 | -€45,901 | -17.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €116,061 | €272,287 | +€156,226 | +135% |
| Amounts payable after more than one year | 17 | €71,802 | €103,781 | +€31,979 | +44.5% |
| Financial debts | 170/4 | €71,802 | €103,781 | +€31,979 | +44.5% |
| Amounts payable within one year | 42/48 | €44,259 | €168,506 | +€124,247 | +281% |
| Current portion of amounts payable after more than one year | 42 | €22,662 | €34,875 | +€12,213 | +53.9% |
| Trade debts | 44 | €8,149 | €78,952 | +€70,803 | +869% |
| Suppliers | 440/4 | €8,149 | €78,952 | +€70,803 | +869% |
| Taxes, remuneration and social security | 45 | €12,514 | €23,549 | +€11,035 | +88.2% |
| Taxes | 450/3 | €2,460 | €7,238 | +€4,778 | +194% |
| Remuneration and social security | 454/9 | €10,054 | €16,311 | +€6,257 | +62.2% |
| Other amounts payable | 47/48 | €935 | €31,130 | +€30,195 | +3,229% |
| Non-recurring operating income | 76A | - | €16,500 | +€16,500 | |
| Remuneration, social security and pensions | 62 | €143,970 | €169,505 | +€25,535 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,866 | €47,083 | -€27,783 | -37.1% |
| Other operating charges | 640/8 | €12,692 | €13,189 | +€497 | +3.9% |
| Gross operating margin | 9900 | €243,056 | €229,558 | -€13,498 | -5.6% |
| Operating profit (loss) | 9901 | €11,529 | -€219 | -€11,748 | |
| Financial income | 75/76B | €6,039 | €6,843 | +€804 | +13.3% |
| Recurring financial income | 75 | €6,039 | €6,843 | +€804 | +13.3% |
| Financial charges | 65/66B | €7,761 | €7,098 | -€663 | -8.5% |
| Recurring financial charges | 65 | €7,761 | €7,098 | -€663 | -8.5% |
| Profit (loss) for the period before taxes | 9903 | €9,807 | -€474 | -€10,281 | |
| Income taxes | 67/77 | €1,245 | €497 | -€748 | -60.1% |
| Profit (loss) for the period | 9904 | €8,562 | -€971 | -€9,532 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,562 | -€971 | -€9,532 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.