Tom Diels: 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 Diels
Largest movements
- Tangible fixed assets -€49,259
down €49,259 (-44.4%), from €110,830 to €61,571
of which Furniture and vehicles: -€48,756
- Receivables within one year -€39,403
down €39,403 (-28.9%), from €136,365 to €96,962
of which Trade receivables: -€27,979
- Cash -€7,087
down €7,087 (-52.7%), from €13,443 to €6,355
mainly Contributions, distributions and other (-€29,864) and Debts after one year (-€19,944)
- Reserves -€29,864
down €29,864 (-15.2%), from €196,120 to €166,256
- Debts after one year -€19,944
down €19,944 (-29.2%), from €68,361 to €48,417
- Current portion of long-term debt -€12,252
down €12,252 (-43.9%), from €27,901 to €15,650
- Trade debts -€11,990
down €11,990 (-82.8%), from €14,485 to €2,495
- Profit (loss) carried forward -€10,915
new in 2025: -€10,915
- Gross operating margin -€20,417
down €20,417 (-58.2%), from €35,096 to €14,679
- Taxes -€7,468
down €7,468 (-95.7%), from €7,801 to €332
- Depreciation +€3,980
up €3,980 (+27.8%), from €14,315 to €18,294
- Financial charges +€882
up €882 (+58.0%), from €1,521 to €2,403
- Financial income -€538
down €538 (-100.0%), from €538 to €0
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 | €330,638 | €234,888 | -€95,750 | -29.0% |
| Fixed assets | 21/28 | €180,830 | €131,571 | -€49,259 | -27.2% |
| Tangible fixed assets | 22/27 | €110,830 | €61,571 | -€49,259 | -44.4% |
| Plant, machinery and equipment | 23 | €751 | €247 | -€504 | -67.1% |
| Furniture and vehicles | 24 | €110,079 | €61,324 | -€48,756 | -44.3% |
| Financial fixed assets | 28 | €70,000 | €70,000 | = | 0.0% |
| Current assets | 29/58 | €149,808 | €103,318 | -€46,490 | -31.0% |
| Amounts receivable within one year | 40/41 | €136,365 | €96,962 | -€39,403 | -28.9% |
| Trade receivables | 40 | €33,424 | €5,445 | -€27,979 | -83.7% |
| Other amounts receivable | 41 | €102,941 | €91,517 | -€11,424 | -11.1% |
| Cash at bank and in hand | 54/58 | €13,443 | €6,355 | -€7,087 | -52.7% |
| Total equity and liabilities | 10/49 | €330,638 | €234,888 | -€95,750 | -29.0% |
| Equity | 10/15 | €204,188 | €163,409 | -€40,779 | -20.0% |
| Contributions | 10/11 | €8,068 | €8,068 | = | 0.0% |
| Reserves | 13 | €196,120 | €166,256 | -€29,864 | -15.2% |
| Distributable reserves | 133 | €196,120 | €166,256 | -€29,864 | -15.2% |
| Profit (loss) carried forward | 14 | - | -€10,915 | -€10,915 | |
| Amounts payable | 17/49 | €126,450 | €71,479 | -€54,970 | -43.5% |
| Amounts payable after more than one year | 17 | €68,361 | €48,417 | -€19,944 | -29.2% |
| Financial debts | 170/4 | €68,361 | €48,417 | -€19,944 | -29.2% |
| Amounts payable within one year | 42/48 | €58,088 | €23,062 | -€35,026 | -60.3% |
| Current portion of amounts payable after more than one year | 42 | €27,901 | €15,650 | -€12,252 | -43.9% |
| Financial debts | 43 | €489 | €117 | -€372 | -76.2% |
| Credit institutions | 430/8 | €489 | €117 | -€372 | -76.2% |
| Trade debts | 44 | €14,485 | €2,495 | -€11,990 | -82.8% |
| Suppliers | 440/4 | €14,485 | €2,495 | -€11,990 | -82.8% |
| Taxes, remuneration and social security | 45 | €15,213 | €4,801 | -€10,412 | -68.4% |
| Taxes | 450/3 | €15,213 | €4,801 | -€10,412 | -68.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,315 | €18,294 | +€3,980 | +27.8% |
| Other operating charges | 640/8 | €555 | €174 | -€381 | -68.6% |
| Non-recurring operating charges | 66A | - | €4,389 | +€4,389 | |
| Gross operating margin | 9900 | €35,096 | €14,679 | -€20,417 | -58.2% |
| Operating profit (loss) | 9901 | €20,226 | -€8,179 | -€28,405 | |
| Financial income | 75/76B | €538 | €0 | -€538 | -100.0% |
| Recurring financial income | 75 | €538 | €0 | -€538 | -100.0% |
| Financial charges | 65/66B | €1,521 | €2,403 | +€882 | +58.0% |
| Recurring financial charges | 65 | €1,521 | €2,403 | +€882 | +58.0% |
| Profit (loss) for the period before taxes | 9903 | €19,243 | -€10,583 | -€29,826 | |
| Income taxes | 67/77 | €7,801 | €332 | -€7,468 | -95.7% |
| Profit (loss) for the period | 9904 | €11,442 | -€10,915 | -€22,357 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,442 | -€10,915 | -€22,357 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.