Tom Kitchen: 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 Kitchen
Largest movements
- Receivables within one year +€22,406
up €22,406 (+62.1%), from €36,060 to €58,466
- Tangible fixed assets -€15,550
down €15,550 (-25.9%), from €59,934 to €44,384
of which Furniture and vehicles: -€13,893
- Deferred charges and accrued income +€3,181
up €3,181 (+110%), from €2,886 to €6,067
- Profit (loss) carried forward +€13,009
up €13,009 (+264%), from €4,919 to €17,928
- Tax, wage and social debts +€11,383
up €11,383 (+35.5%), from €32,071 to €43,454
of which Remuneration and social security: +€5,744
- Debts after one year -€8,876
down €8,876 (-22.6%), from €39,279 to €30,403
- Trade debts -€7,762
down €7,762 (-20.8%), from €37,266 to €29,504
- Current portion of long-term debt +€2,587
up €2,587 (+29.5%), from €8,783 to €11,369
- Gross operating margin +€43,881
up €43,881 (+28.2%), from €155,589 to €199,470
- Staff costs +€23,381
up €23,381 (+17.5%), from €133,789 to €157,170
- Taxes +€5,630
up €5,630 (+2,571%), from €219 to €5,849
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 | €130,513 | €140,773 | +€10,260 | +7.9% |
| Fixed assets | 21/28 | €60,094 | €44,544 | -€15,550 | -25.9% |
| Tangible fixed assets | 22/27 | €59,934 | €44,384 | -€15,550 | -25.9% |
| Plant, machinery and equipment | 23 | €13,287 | €11,630 | -€1,657 | -12.5% |
| Furniture and vehicles | 24 | €46,647 | €32,753 | -€13,893 | -29.8% |
| Financial fixed assets | 28 | €160 | €160 | = | 0.0% |
| Current assets | 29/58 | €70,419 | €96,230 | +€25,810 | +36.7% |
| Stocks and contracts in progress | 3 | €1,002 | €810 | -€192 | -19.2% |
| Stocks | 30/36 | €1,002 | €810 | -€192 | -19.2% |
| Amounts receivable within one year | 40/41 | €36,060 | €58,466 | +€22,406 | +62.1% |
| Trade receivables | 40 | €36,060 | €58,466 | +€22,406 | +62.1% |
| Cash at bank and in hand | 54/58 | €30,472 | €30,887 | +€415 | +1.4% |
| Deferred charges and accrued income | 490/1 | €2,886 | €6,067 | +€3,181 | +110% |
| Total equity and liabilities | 10/49 | €130,513 | €140,773 | +€10,260 | +7.9% |
| Equity | 10/15 | €12,979 | €25,988 | +€13,009 | +100% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €4,919 | €17,928 | +€13,009 | +264% |
| Amounts payable | 17/49 | €117,534 | €114,786 | -€2,749 | -2.3% |
| Amounts payable after more than one year | 17 | €39,279 | €30,403 | -€8,876 | -22.6% |
| Financial debts | 170/4 | €39,279 | €30,403 | -€8,876 | -22.6% |
| Amounts payable within one year | 42/48 | €78,170 | €84,378 | +€6,208 | +7.9% |
| Current portion of amounts payable after more than one year | 42 | €8,783 | €11,369 | +€2,587 | +29.5% |
| Trade debts | 44 | €37,266 | €29,504 | -€7,762 | -20.8% |
| Suppliers | 440/4 | €37,266 | €29,504 | -€7,762 | -20.8% |
| Taxes, remuneration and social security | 45 | €32,071 | €43,454 | +€11,383 | +35.5% |
| Taxes | 450/3 | €7,827 | €13,466 | +€5,639 | +72.0% |
| Remuneration and social security | 454/9 | €24,243 | €29,987 | +€5,744 | +23.7% |
| Other amounts payable | 47/48 | €51 | €51 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €86 | €5 | -€80 | -93.6% |
| Remuneration, social security and pensions | 62 | €133,789 | €157,170 | +€23,381 | +17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,526 | €16,138 | -€388 | -2.4% |
| Other operating charges | 640/8 | €1,823 | €2,965 | +€1,142 | +62.7% |
| Non-recurring operating charges | 66A | €17,281 | - | -€17,281 | |
| Gross operating margin | 9900 | €155,589 | €199,470 | +€43,881 | +28.2% |
| Operating profit (loss) | 9901 | -€13,830 | €23,198 | +€37,027 | |
| Financial income | 75/76B | €1,331 | €902 | -€430 | -32.3% |
| Recurring financial income | 75 | €1,331 | €902 | -€430 | -32.3% |
| Financial charges | 65/66B | €7,157 | €5,242 | -€1,915 | -26.8% |
| Recurring financial charges | 65 | €7,157 | €5,242 | -€1,915 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | -€19,655 | €18,858 | +€38,513 | |
| Income taxes | 67/77 | €219 | €5,849 | +€5,630 | +2,571% |
| Profit (loss) for the period | 9904 | -€19,874 | €13,009 | +€32,883 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,874 | €13,009 | +€32,883 |
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.