TOM Invest: 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.
What changed
TOM Invest
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€22,068
2024 · €77,639-€55,571
Equity
€717,577
2024 · €695,509+€22,068
Cash
€118,674
2024 · €464,911-€346,237
Balance sheet total
€2.3m
2024 · €2.2m+€96,024
Largest movements
Assets
- Tangible fixed assets +€361,521
up €361,521 (+20.9%), from €1.7m to €2.1m
of which Land and buildings: +€377,589
- Cash -€346,237
down €346,237 (-74.5%), from €464,911 to €118,674
mainly Investment in fixed assets (net) (-€458,775) and Other debts (-€104,435)
- Stocks and contracts +€55,000
new in 2025: €55,000
Equity and liabilities
- Debts after one year +€176,770
up €176,770 (+56.6%), from €312,504 to €489,274
- Other debts -€104,435
down €104,435 (-12.0%), from €873,257 to €768,822
Income statement
- Gross operating margin -€77,372
down €77,372 (-32.3%), from €239,480 to €162,108
- Taxes -€27,012
down €27,012 (-63.6%), from €42,444 to €15,432
- Financial charges +€6,132
up €6,132 (+56.9%), from €10,768 to €16,900
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.
Result 2024
€77,639
Gross operating margin
-€77,372
Depreciation
-€1,324
Other operating charges
+€1,230
Other operating items
+€104
Financial income
+€911
Financial charges
-€6,132
Taxes
+€27,012
Result 2025
€22,068
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€86,017
Investment
-€458,775
Financing
+€198,555
Cash 2024
€464,911
From operations (derived)
-€86,017
Net result for the year
+€22,068
Depreciation
+€97,254
Stocks and contracts
-€55,000
Receivables within one year
-€8,668
Deferred charges and accrued income
-€17,071
Provisions
-€3,539
Trade debts
+€14
Tax, wage and social debts
-€11,225
Advances received
-€1,887
Other debts
-€104,435
Accrued charges and deferred income
-€3,527
Investment (derived)
-€458,775
Investment in fixed assets (net)
-€458,775
Financing
+€198,555
Debts after one year
+€176,770
Current portion of long-term debt
+€21,785
Cash 2025
€118,674
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,218,495 | €2,314,519 | +€96,024 | +4.3% |
| Fixed assets | 21/28 | €1,733,114 | €2,094,635 | +€361,521 | +20.9% |
| Tangible fixed assets | 22/27 | €1,732,717 | €2,094,238 | +€361,521 | +20.9% |
| Land and buildings | 22 | €1,705,107 | €2,082,696 | +€377,589 | +22.1% |
| Plant, machinery and equipment | 23 | €11,787 | €11,268 | -€519 | -4.4% |
| Furniture and vehicles | 24 | €15,823 | €275 | -€15,549 | -98.3% |
| Financial fixed assets | 28 | €397 | €397 | = | 0.0% |
| Current assets | 29/58 | €485,381 | €219,883 | -€265,498 | -54.7% |
| Stocks and contracts in progress | 3 | - | €55,000 | +€55,000 | |
| Stocks | 30/36 | - | €55,000 | +€55,000 | |
| Amounts receivable within one year | 40/41 | €7,805 | €16,473 | +€8,668 | +111% |
| Trade receivables | 40 | €7,805 | €8,363 | +€558 | +7.2% |
| Other amounts receivable | 41 | - | €8,110 | +€8,110 | |
| Cash at bank and in hand | 54/58 | €464,911 | €118,674 | -€346,237 | -74.5% |
| Deferred charges and accrued income | 490/1 | €12,666 | €29,737 | +€17,071 | +135% |
| Total equity and liabilities | 10/49 | €2,218,495 | €2,314,519 | +€96,024 | +4.3% |
| Equity | 10/15 | €695,509 | €717,577 | +€22,068 | +3.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €676,577 | €698,645 | +€22,068 | +3.3% |
| Tax-exempt reserves | 132 | €509,425 | €498,809 | -€10,616 | -2.1% |
| Distributable reserves | 133 | €167,152 | €199,837 | +€32,685 | +19.6% |
| Profit (loss) carried forward | 14 | €332 | €332 | = | 0.0% |
| Provisions and deferred taxes | 16 | €263,733 | €260,195 | -€3,539 | -1.3% |
| Provisions for liabilities and charges | 160/5 | €93,925 | €93,925 | = | 0.0% |
| Major repairs and maintenance | 162 | €93,925 | €93,925 | = | 0.0% |
| Deferred taxes | 168 | €169,808 | €166,269 | -€3,539 | -2.1% |
| Amounts payable | 17/49 | €1,259,252 | €1,336,747 | +€77,494 | +6.2% |
| Amounts payable after more than one year | 17 | €312,504 | €489,274 | +€176,770 | +56.6% |
| Financial debts | 170/4 | €312,504 | €489,274 | +€176,770 | +56.6% |
| Amounts payable within one year | 42/48 | €942,954 | €847,205 | -€95,748 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €33,642 | €55,427 | +€21,785 | +64.8% |
| Trade debts | 44 | €30 | €44 | +€14 | +45.7% |
| Suppliers | 440/4 | €30 | €44 | +€14 | +45.7% |
| Advances received on contracts in progress | 46 | €4,087 | €2,200 | -€1,887 | -46.2% |
| Taxes, remuneration and social security | 45 | €31,938 | €20,713 | -€11,225 | -35.1% |
| Taxes | 450/3 | €31,938 | €20,713 | -€11,225 | -35.1% |
| Other amounts payable | 47/48 | €873,257 | €768,822 | -€104,435 | -12.0% |
| Accrued charges and deferred income | 492/3 | €3,794 | €267 | -€3,527 | -93.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,930 | €97,254 | +€1,324 | +1.4% |
| Other operating charges | 640/8 | €15,988 | €14,758 | -€1,230 | -7.7% |
| Non-recurring operating charges | 66A | €249 | €145 | -€104 | -41.9% |
| Gross operating margin | 9900 | €239,480 | €162,108 | -€77,372 | -32.3% |
| Operating profit (loss) | 9901 | €127,312 | €49,951 | -€77,361 | -60.8% |
| Financial income | 75/76B | - | €911 | +€911 | |
| Recurring financial income | 75 | - | €911 | +€911 | |
| Financial charges | 65/66B | €10,768 | €16,900 | +€6,132 | +56.9% |
| Recurring financial charges | 65 | €10,768 | €16,900 | +€6,132 | +56.9% |
| Profit (loss) for the period before taxes | 9903 | €116,544 | €33,961 | -€82,583 | -70.9% |
| Transfer from deferred taxes | 780 | €3,539 | €3,539 | = | 0.0% |
| Income taxes | 67/77 | €42,444 | €15,432 | -€27,012 | -63.6% |
| Profit (loss) for the period | 9904 | €77,639 | €22,068 | -€55,571 | -71.6% |
| Transfer from tax-exempt reserves | 789 | €10,616 | €10,616 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €88,255 | €32,685 | -€55,571 | -63.0% |
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 31 October 2026 via checked.be.