Tom Cortoos Architecten: what changed
Tom Cortoos Architecten
Largest movements
- Cash +€37,155
up €37,155 (+28.2%), from €131,580 to €168,735
mainly Net result for the year (+€59,952) and Depreciation (+€20,159)
- Tangible fixed assets -€19,333
down €19,333 (-27.2%), from €71,109 to €51,776
of which Land and buildings: -€18,749
- Receivables within one year +€8,959
up €8,959 (+118%), from €7,566 to €16,525
of which Trade receivables: +€10,052
- Reserves +€36,653
up €36,653 (+34.2%), from €107,157 to €143,810
- Debts after one year -€16,433
down €16,433 (-31.4%), from €52,411 to €35,979
- Tax, wage and social debts +€10,238
up €10,238 (+153%), from €6,675 to €16,913
- Profit (loss) carried forward -€6,714
down €6,714 (-99.3%), from €6,760 to €46
- Gross operating margin +€24,712
up €24,712 (+45.4%), from €54,486 to €79,198
- Financial income -€23,674
down €23,674 (-50.0%), from €47,374 to €23,700
- Other operating charges -€5,745
down €5,745 (-64.0%), from €8,974 to €3,229
- Write-downs +€4,050
new in 2025: €4,050
- Taxes +€3,788
up €3,788 (+40.6%), from €9,328 to €13,117
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €238,914 | €264,511 | +€25,597 | +10.7% |
| Fixed assets | 21/28 | €96,304 | €76,971 | -€19,333 | -20.1% |
| Tangible fixed assets | 22/27 | €71,109 | €51,776 | -€19,333 | -27.2% |
| Land and buildings | 22 | €69,379 | €50,630 | -€18,749 | -27.0% |
| Furniture and vehicles | 24 | €1,730 | €1,145 | -€585 | -33.8% |
| Financial fixed assets | 28 | €25,195 | €25,195 | = | 0.0% |
| Current assets | 29/58 | €142,610 | €187,540 | +€44,930 | +31.5% |
| Amounts receivable within one year | 40/41 | €7,566 | €16,525 | +€8,959 | +118% |
| Trade receivables | 40 | €6,474 | €16,525 | +€10,052 | +155% |
| Other amounts receivable | 41 | €1,092 | - | -€1,092 | |
| Cash at bank and in hand | 54/58 | €131,580 | €168,735 | +€37,155 | +28.2% |
| Deferred charges and accrued income | 490/1 | €3,464 | €2,280 | -€1,184 | -34.2% |
| Total equity and liabilities | 10/49 | €238,914 | €264,511 | +€25,597 | +10.7% |
| Equity | 10/15 | €126,317 | €156,256 | +€29,939 | +23.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €107,157 | €143,810 | +€36,653 | +34.2% |
| Distributable reserves | 133 | €107,157 | €143,810 | +€36,653 | +34.2% |
| Profit (loss) carried forward | 14 | €6,760 | €46 | -€6,714 | -99.3% |
| Amounts payable | 17/49 | €112,597 | €108,255 | -€4,342 | -3.9% |
| Amounts payable after more than one year | 17 | €52,411 | €35,979 | -€16,433 | -31.4% |
| Financial debts | 170/4 | €52,411 | €35,979 | -€16,433 | -31.4% |
| Amounts payable within one year | 42/48 | €57,531 | €69,506 | +€11,975 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €15,871 | €16,433 | +€562 | +3.5% |
| Trade debts | 44 | €2,071 | €742 | -€1,330 | -64.2% |
| Suppliers | 440/4 | €2,071 | €742 | -€1,330 | -64.2% |
| Taxes, remuneration and social security | 45 | €6,675 | €16,913 | +€10,238 | +153% |
| Taxes | 450/3 | €6,675 | €16,913 | +€10,238 | +153% |
| Other amounts payable | 47/48 | €32,914 | €35,418 | +€2,504 | +7.6% |
| Accrued charges and deferred income | 492/3 | €2,655 | €2,771 | +€116 | +4.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,257 | €20,159 | -€98 | -0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,050 | +€4,050 | |
| Other operating charges | 640/8 | €8,974 | €3,229 | -€5,745 | -64.0% |
| Gross operating margin | 9900 | €54,486 | €79,198 | +€24,712 | +45.4% |
| Operating profit (loss) | 9901 | €25,255 | €51,760 | +€26,505 | +105% |
| Financial income | 75/76B | €47,374 | €23,700 | -€23,674 | -50.0% |
| Recurring financial income | 75 | €47,374 | €23,700 | -€23,674 | -50.0% |
| Financial charges | 65/66B | €3,127 | €2,392 | -€735 | -23.5% |
| Recurring financial charges | 65 | €3,127 | €2,392 | -€735 | -23.5% |
| Profit (loss) for the period before taxes | 9903 | €69,502 | €73,069 | +€3,567 | +5.1% |
| Income taxes | 67/77 | €9,328 | €13,117 | +€3,788 | +40.6% |
| Profit (loss) for the period | 9904 | €60,173 | €59,952 | -€222 | -0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €60,173 | €59,952 | -€222 | -0.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.