TOM CAMBRE: 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 CAMBRE
Largest movements
- Receivables within one year +€259,732
up €259,732 (+57.9%), from €448,791 to €708,523
of which Trade receivables: +€289,473
- Cash -€171,238
down €171,238 (-60.5%), from €283,159 to €111,921
mainly Receivables within one year (-€259,732) and Current portion of long-term debt (-€193,631)
- Tangible fixed assets -€139,225
down €139,225 (-27.7%), from €501,900 to €362,675
- Receivables after one year +€135,000
up €135,000 (+771.4%), from €17,500 to €152,500
- Current portion of long-term debt -€193,631
down €193,631 (-57.7%), from €335,682 to €142,051
- Reserves +€188,050
up €188,050 (+38.3%), from €490,604 to €678,655
- Contributions -€100,000
down €100,000 (-41.7%), from €240,000 to €140,000
- Debts after one year +€64,518
up €64,518 (+48.2%), from €133,844 to €198,362
- Trade debts +€61,769
up €61,769 (+52.9%), from €116,735 to €178,504
- Gross operating margin +€76,074
up €76,074 (+18.0%), from €422,090 to €498,164
- Financial charges -€19,507
down €19,507 (-33.4%), from €58,428 to €38,921
of which Non-recurring financial charges: -€12,316
- Taxes +€16,067
up €16,067 (+38.9%), from €41,299 to €57,365
- Financial income +€5,041
up €5,041 (+2590.9%), from €195 to €5,236
of which Financial income: +€5,041
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 | €1,333,348 | €1,409,753 | +€76,405 | +5.7% |
| Fixed assets | 21/28 | €501,900 | €362,675 | -€139,225 | -27.7% |
| Tangible fixed assets | 22/27 | €501,900 | €362,675 | -€139,225 | -27.7% |
| Land and buildings | 22 | €201,380 | €161,667 | -€39,712 | -19.7% |
| Plant, machinery and equipment | 23 | €128,876 | €94,352 | -€34,523 | -26.8% |
| Furniture and vehicles | 24 | €147,632 | €87,785 | -€59,847 | -40.5% |
| Leasing and similar rights | 25 | €24,013 | €18,870 | -€5,143 | -21.4% |
| Current assets | 29/58 | €831,448 | €1,047,078 | +€215,630 | +25.9% |
| Amounts receivable after more than one year | 29 | €17,500 | €152,500 | +€135,000 | +771.4% |
| Other amounts receivable | 291 | €17,500 | €152,500 | +€135,000 | +771.4% |
| Stocks and contracts in progress | 3 | €71,847 | €62,124 | -€9,723 | -13.5% |
| Stocks | 30/36 | €71,847 | €62,124 | -€9,723 | -13.5% |
| Amounts receivable within one year | 40/41 | €448,791 | €708,523 | +€259,732 | +57.9% |
| Trade receivables | 40 | €330,637 | €620,110 | +€289,473 | +87.6% |
| Other amounts receivable | 41 | €118,154 | €88,413 | -€29,741 | -25.2% |
| Cash at bank and in hand | 54/58 | €283,159 | €111,921 | -€171,238 | -60.5% |
| Deferred charges and accrued income | 490/1 | €10,151 | €12,011 | +€1,860 | +18.3% |
| Total equity and liabilities | 10/49 | €1,333,348 | €1,409,753 | +€76,405 | +5.7% |
| Equity | 10/15 | €730,604 | €818,655 | +€88,050 | +12.1% |
| Contributions | 10/11 | €240,000 | €140,000 | -€100,000 | -41.7% |
| Reserves | 13 | €490,604 | €678,655 | +€188,050 | +38.3% |
| Distributable reserves | 133 | €490,604 | €678,655 | +€188,050 | +38.3% |
| Amounts payable | 17/49 | €602,744 | €591,099 | -€11,645 | -1.9% |
| Amounts payable after more than one year | 17 | €133,844 | €198,362 | +€64,518 | +48.2% |
| Financial debts | 170/4 | €133,844 | €198,362 | +€64,518 | +48.2% |
| Amounts payable within one year | 42/48 | €467,911 | €392,347 | -€75,564 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €335,682 | €142,051 | -€193,631 | -57.7% |
| Financial debts | 43 | - | €46,817 | +€46,817 | |
| Credit institutions | 430/8 | - | €46,817 | +€46,817 | |
| Trade debts | 44 | €116,735 | €178,504 | +€61,769 | +52.9% |
| Suppliers | 440/4 | €116,735 | €178,504 | +€61,769 | +52.9% |
| Taxes, remuneration and social security | 45 | €9,400 | €22,715 | +€13,316 | +141.7% |
| Taxes | 450/3 | €3,179 | €15,994 | +€12,816 | +403.2% |
| Remuneration and social security | 454/9 | €6,221 | €6,721 | +€500 | +8.0% |
| Other amounts payable | 47/48 | €6,094 | €2,259 | -€3,835 | -62.9% |
| Accrued charges and deferred income | 492/3 | €989 | €390 | -€599 | -60.6% |
| Non-recurring operating income | 76A | €5,814 | €2,000 | -€3,814 | -65.6% |
| Remuneration, social security and pensions | 62 | €50,775 | €48,613 | -€2,162 | -4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,578 | €150,475 | +€3,897 | +2.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,671 | €0 | +€1,671 | |
| Other operating charges | 640/8 | €19,729 | €19,976 | +€246 | +1.2% |
| Gross operating margin | 9900 | €422,090 | €498,164 | +€76,074 | +18.0% |
| Operating profit (loss) | 9901 | €206,679 | €279,100 | +€72,422 | +35.0% |
| Financial income | 75/76B | €195 | €5,236 | +€5,041 | +2590.9% |
| Recurring financial income | 75 | €185 | €5,226 | +€5,041 | +2731.3% |
| Non-recurring financial income | 76B | €10 | €10 | = | 0.0% |
| Financial charges | 65/66B | €58,428 | €38,921 | -€19,507 | -33.4% |
| Recurring financial charges | 65 | €46,111 | €38,921 | -€7,190 | -15.6% |
| Non-recurring financial charges | 66B | €12,316 | €0 | -€12,316 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €148,445 | €245,415 | +€96,970 | +65.3% |
| Income taxes | 67/77 | €41,299 | €57,365 | +€16,067 | +38.9% |
| Profit (loss) for the period | 9904 | €107,147 | €188,050 | +€80,904 | +75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €107,147 | €188,050 | +€80,904 | +75.5% |
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 5 October 2026 via checked.be.