Tom Himpe: 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 Himpe
Largest movements
- Receivables after one year -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Cash +€25,598
up €25,598 (+37.8%), from €67,698 to €93,296
mainly Current portion of long-term debt (+€110,590) and Receivables after one year (+€50,000)
- Receivables within one year +€24,333
up €24,333 (+149.4%), from €16,283 to €40,616
of which Trade receivables: +€24,187
- Tangible fixed assets -€20,259
down €20,259 (-10.6%), from €190,418 to €170,159
of which Furniture and vehicles: -€10,718
- Debts after one year -€127,716
down €127,716 (-100.0%), from €127,716 to €0
- Current portion of long-term debt +€110,590
up €110,590 (+595.7%), from €18,563 to €129,153
- Other debts -€8,724
down €8,724 (-6.0%), from €145,136 to €136,412
- Tax, wage and social debts -€8,564
down €8,564 (-64.8%), from €13,215 to €4,650
of which Taxes: -€5,701
- Reserves +€6,783
up €6,783 (+27.5%), from €24,686 to €31,470
- Gross operating margin -€36,475
down €36,475 (-64.0%), from €57,034 to €20,558
- Depreciation -€11,396
down €11,396 (-70.5%), from €16,166 to €4,770
- Taxes -€7,942
down €7,942 (-81.2%), from €9,780 to €1,838
- Financial income -€994
down €994 (-41.6%), from €2,388 to €1,394
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 | €350,975 | €327,294 | -€23,681 | -6.7% |
| Fixed assets | 21/28 | €190,418 | €170,159 | -€20,259 | -10.6% |
| Tangible fixed assets | 22/27 | €190,418 | €170,159 | -€20,259 | -10.6% |
| Land and buildings | 22 | €172,250 | €170,104 | -€2,146 | -1.2% |
| Plant, machinery and equipment | 23 | €1,394 | €0 | -€1,394 | -100.0% |
| Furniture and vehicles | 24 | €10,774 | €55 | -€10,718 | -99.5% |
| Other tangible fixed assets | 26 | €6,001 | €0 | -€6,001 | -100.0% |
| Current assets | 29/58 | €160,557 | €157,135 | -€3,422 | -2.1% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100.0% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €16,283 | €40,616 | +€24,333 | +149.4% |
| Trade receivables | 40 | €15,813 | €40,000 | +€24,187 | +153.0% |
| Other amounts receivable | 41 | €470 | €616 | +€146 | +31.2% |
| Current investments | 50/53 | €22,760 | €22,760 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,698 | €93,296 | +€25,598 | +37.8% |
| Deferred charges and accrued income | 490/1 | €3,817 | €463 | -€3,354 | -87.9% |
| Total equity and liabilities | 10/49 | €350,975 | €327,294 | -€23,681 | -6.7% |
| Equity | 10/15 | €43,286 | €50,070 | +€6,783 | +15.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €24,686 | €31,470 | +€6,783 | +27.5% |
| Distributable reserves | 133 | €24,686 | €31,470 | +€6,783 | +27.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €307,689 | €277,225 | -€30,464 | -9.9% |
| Amounts payable after more than one year | 17 | €127,716 | €0 | -€127,716 | -100.0% |
| Financial debts | 170/4 | €127,716 | €0 | -€127,716 | -100.0% |
| Amounts payable within one year | 42/48 | €179,654 | €277,073 | +€97,419 | +54.2% |
| Current portion of amounts payable after more than one year | 42 | €18,563 | €129,153 | +€110,590 | +595.7% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,739 | €6,857 | +€4,118 | +150.3% |
| Suppliers | 440/4 | €2,739 | €6,857 | +€4,118 | +150.3% |
| Taxes, remuneration and social security | 45 | €13,215 | €4,650 | -€8,564 | -64.8% |
| Taxes | 450/3 | €9,846 | €4,146 | -€5,701 | -57.9% |
| Remuneration and social security | 454/9 | €3,368 | €505 | -€2,864 | -85.0% |
| Other amounts payable | 47/48 | €145,136 | €136,412 | -€8,724 | -6.0% |
| Accrued charges and deferred income | 492/3 | €319 | €152 | -€167 | -52.4% |
| Non-recurring operating income | 76A | - | €17,346 | +€17,346 | |
| Remuneration, social security and pensions | 62 | €4,198 | €4,470 | +€272 | +6.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,166 | €4,770 | -€11,396 | -70.5% |
| Other operating charges | 640/8 | €2,446 | €2,245 | -€201 | -8.2% |
| Gross operating margin | 9900 | €57,034 | €20,558 | -€36,475 | -64.0% |
| Operating profit (loss) | 9901 | €34,224 | €9,074 | -€25,150 | -73.5% |
| Financial income | 75/76B | €2,388 | €1,394 | -€994 | -41.6% |
| Recurring financial income | 75 | €2,388 | €1,394 | -€994 | -41.6% |
| Financial charges | 65/66B | €2,145 | €1,846 | -€299 | -13.9% |
| Recurring financial charges | 65 | €2,145 | €1,846 | -€299 | -13.9% |
| Profit (loss) for the period before taxes | 9903 | €34,466 | €8,621 | -€25,846 | -75.0% |
| Income taxes | 67/77 | €9,780 | €1,838 | -€7,942 | -81.2% |
| Profit (loss) for the period | 9904 | €24,686 | €6,783 | -€17,903 | -72.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,686 | €6,783 | -€17,903 | -72.5% |
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 9 October 2026 via checked.be.