TOM DEBAERE: 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 DEBAERE
Largest movements
- Cash -€71,084
down €71,084 (-43.3%), from €164,263 to €93,179
mainly Current investments (-€60,000) and Contributions, distributions and other (-€45,496)
- Current investments +€60,000
up €60,000 (+36.4%), from €165,000 to €225,000
- Tangible fixed assets -€30,615
down €30,615 (-56.4%), from €54,279 to €23,664
of which Furniture and vehicles: -€22,412
- Receivables within one year +€26,556
up €26,556 (+103.3%), from €25,717 to €52,274
of which Trade receivables: +€30,337
- Deferred charges and accrued income -€11,296
down €11,296 (-73.5%), from €15,361 to €4,065
- Reserves -€35,909
down €35,909 (-17.3%), from €207,596 to €171,686
of which Distributable reserves: -€35,909
- Tax, wage and social debts +€12,070
up €12,070 (+180.3%), from €6,696 to €18,766
- Trade debts -€11,759
down €11,759 (-77.4%), from €15,195 to €3,436
- Other debts +€9,180
up €9,180 (+5.3%), from €172,108 to €181,288
- Gross operating margin -€18,482
down €18,482 (-23.3%), from €79,249 to €60,767
- Taxes -€6,493
down €6,493 (-51.6%), from €12,594 to €6,101
- Financial charges +€2,543
up €2,543 (+23.7%), from €10,751 to €13,293
- Financial income +€1,406
up €1,406 (+471.5%), from €298 to €1,704
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 | €424,620 | €398,182 | -€26,438 | -6.2% |
| Fixed assets | 21/28 | €54,279 | €23,664 | -€30,615 | -56.4% |
| Tangible fixed assets | 22/27 | €54,279 | €23,664 | -€30,615 | -56.4% |
| Land and buildings | 22 | €1,931 | €0 | -€1,931 | -100.0% |
| Plant, machinery and equipment | 23 | €504 | €211 | -€293 | -58.1% |
| Furniture and vehicles | 24 | €39,815 | €17,403 | -€22,412 | -56.3% |
| Leasing and similar rights | 25 | €12,029 | €6,050 | -€5,979 | -49.7% |
| Current assets | 29/58 | €370,341 | €374,518 | +€4,177 | +1.1% |
| Amounts receivable within one year | 40/41 | €25,717 | €52,274 | +€26,556 | +103.3% |
| Trade receivables | 40 | €21,540 | €51,877 | +€30,337 | +140.8% |
| Other amounts receivable | 41 | €4,177 | €396 | -€3,781 | -90.5% |
| Current investments | 50/53 | €165,000 | €225,000 | +€60,000 | +36.4% |
| Cash at bank and in hand | 54/58 | €164,263 | €93,179 | -€71,084 | -43.3% |
| Deferred charges and accrued income | 490/1 | €15,361 | €4,065 | -€11,296 | -73.5% |
| Total equity and liabilities | 10/49 | €424,620 | €398,182 | -€26,438 | -6.2% |
| Equity | 10/15 | €229,894 | €193,985 | -€35,909 | -15.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €207,596 | €171,686 | -€35,909 | -17.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €266 | €266 | = | 0.0% |
| Distributable reserves | 133 | €207,329 | €171,420 | -€35,909 | -17.3% |
| Profit (loss) carried forward | 14 | €3,698 | €3,698 | = | 0.0% |
| Amounts payable | 17/49 | €194,726 | €204,198 | +€9,471 | +4.9% |
| Amounts payable within one year | 42/48 | €193,999 | €203,490 | +€9,491 | +4.9% |
| Trade debts | 44 | €15,195 | €3,436 | -€11,759 | -77.4% |
| Suppliers | 440/4 | €15,195 | €3,436 | -€11,759 | -77.4% |
| Taxes, remuneration and social security | 45 | €6,696 | €18,766 | +€12,070 | +180.3% |
| Taxes | 450/3 | €6,696 | €18,766 | +€12,070 | +180.3% |
| Other amounts payable | 47/48 | €172,108 | €181,288 | +€9,180 | +5.3% |
| Accrued charges and deferred income | 492/3 | €727 | €708 | -€20 | -2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,210 | €30,615 | -€595 | -1.9% |
| Other operating charges | 640/8 | €3,127 | €2,876 | -€252 | -8.1% |
| Gross operating margin | 9900 | €79,249 | €60,767 | -€18,482 | -23.3% |
| Operating profit (loss) | 9901 | €44,912 | €27,277 | -€17,635 | -39.3% |
| Financial income | 75/76B | €298 | €1,704 | +€1,406 | +471.5% |
| Recurring financial income | 75 | €298 | €1,704 | +€1,406 | +471.5% |
| Financial charges | 65/66B | €10,751 | €13,293 | +€2,543 | +23.7% |
| Recurring financial charges | 65 | €10,751 | €13,293 | +€2,543 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €34,459 | €15,687 | -€18,772 | -54.5% |
| Income taxes | 67/77 | €12,594 | €6,101 | -€6,493 | -51.6% |
| Profit (loss) for the period | 9904 | €21,865 | €9,586 | -€12,279 | -56.2% |
| Profit (loss) for the period to be appropriated | 9905 | €21,865 | €9,586 | -€12,279 | -56.2% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.