Tom De Celle: 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 De Celle
Largest movements
- Cash +€22,871
up €22,871 (+22.5%), from €101,722 to €124,593
mainly Net result for the year (+€20,387) and Depreciation (+€4,213)
- Deferred charges and accrued income +€2,466
up €2,466 (+96.9%), from €2,543 to €5,009
- Tangible fixed assets -€1,552
down €1,552 (-9.6%), from €16,172 to €14,619
of which Furniture and vehicles: -€3,502
- Reserves +€20,387
up €20,387 (+20.2%), from €100,839 to €121,226
of which Distributable reserves: +€20,387
- Trade debts +€2,618
up €2,618 (+180%), from €1,451 to €4,069
- Depreciation -€18,284
down €18,284 (-81.3%), from €22,496 to €4,213
- Gross operating margin -€11,459
down €11,459 (-24.5%), from €46,722 to €35,263
- Taxes +€4,627
up €4,627 (+107%), from €4,317 to €8,944
- Other operating charges -€1,396
down €1,396 (-59.1%), from €2,362 to €966
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 | €124,447 | €148,087 | +€23,640 | +19.0% |
| Fixed assets | 21/28 | €16,217 | €14,619 | -€1,597 | -9.8% |
| Tangible fixed assets | 22/27 | €16,172 | €14,619 | -€1,552 | -9.6% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €8,061 | €10,011 | +€1,950 | +24.2% |
| Furniture and vehicles | 24 | €8,111 | €4,608 | -€3,502 | -43.2% |
| Financial fixed assets | 28 | €45 | €0 | -€45 | -100% |
| Current assets | 29/58 | €108,230 | €133,467 | +€25,237 | +23.3% |
| Amounts receivable within one year | 40/41 | €3,965 | €3,865 | -€100 | -2.5% |
| Trade receivables | 40 | - | €368 | +€368 | |
| Other amounts receivable | 41 | €3,965 | €3,498 | -€467 | -11.8% |
| Cash at bank and in hand | 54/58 | €101,722 | €124,593 | +€22,871 | +22.5% |
| Deferred charges and accrued income | 490/1 | €2,543 | €5,009 | +€2,466 | +96.9% |
| Total equity and liabilities | 10/49 | €124,447 | €148,087 | +€23,640 | +19.0% |
| Equity | 10/15 | €120,839 | €141,226 | +€20,387 | +16.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €100,839 | €121,226 | +€20,387 | +20.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €100,839 | €121,226 | +€20,387 | +20.2% |
| Amounts payable | 17/49 | €3,608 | €6,861 | +€3,253 | +90.2% |
| Amounts payable within one year | 42/48 | €3,608 | €6,861 | +€3,253 | +90.2% |
| Current portion of amounts payable after more than one year | 42 | €444 | €444 | = | 0.0% |
| Trade debts | 44 | €1,451 | €4,069 | +€2,618 | +180% |
| Suppliers | 440/4 | €1,451 | €4,069 | +€2,618 | +180% |
| Taxes, remuneration and social security | 45 | €317 | €1,444 | +€1,127 | +355% |
| Taxes | 450/3 | €317 | €1,444 | +€1,127 | +355% |
| Other amounts payable | 47/48 | €1,395 | €903 | -€492 | -35.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,496 | €4,213 | -€18,284 | -81.3% |
| Other operating charges | 640/8 | €2,362 | €966 | -€1,396 | -59.1% |
| Non-recurring operating charges | 66A | €8,397 | €439 | -€7,958 | -94.8% |
| Gross operating margin | 9900 | €46,722 | €35,263 | -€11,459 | -24.5% |
| Operating profit (loss) | 9901 | €13,466 | €29,646 | +€16,179 | +120% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €659 | €315 | -€344 | -52.2% |
| Recurring financial charges | 65 | €659 | €315 | -€344 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €12,809 | €29,331 | +€16,522 | +129% |
| Income taxes | 67/77 | €4,317 | €8,944 | +€4,627 | +107% |
| Profit (loss) for the period | 9904 | €8,492 | €20,387 | +€11,895 | +140% |
| Profit (loss) for the period to be appropriated | 9905 | €8,492 | €20,387 | +€11,895 | +140% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.