TOM LUYCKX: 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 LUYCKX
Largest movements
- Receivables within one year -€87,220
down €87,220 (-93.8%), from €93,028 to €5,808
of which Trade receivables: -€86,502
- Financial fixed assets -€2,157
no longer reported in 2025 (was €2,157)
- Trade debts -€48,319
down €48,319 (-99.1%), from €48,740 to €420
- Debts after one year -€31,020
down €31,020 (-24.8%), from €125,247 to €94,227
- Reserves -€16,135
down €16,135 (-89.7%), from €17,994 to €1,859
of which Distributable reserves: -€16,135
- Profit (loss) carried forward +€5,837
up €5,837 (+9.4%), from -€61,799 to -€55,962
- Other operating charges +€1,983
up €1,983 (+180%), from €1,103 to €3,085
- Taxes +€625
new in 2025: €625
- Financial income -€577
down €577 (-96.1%), from €600 to €23
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 | €148,774 | €59,137 | -€89,637 | -60.3% |
| Fixed assets | 21/28 | €3,359 | €1,202 | -€2,157 | -64.2% |
| Tangible fixed assets | 22/27 | €1,202 | €1,202 | = | 0.0% |
| Land and buildings | 22 | €1,202 | €1,202 | = | 0.0% |
| Financial fixed assets | 28 | €2,157 | - | -€2,157 | |
| Current assets | 29/58 | €145,416 | €57,935 | -€87,481 | -60.2% |
| Stocks and contracts in progress | 3 | €50,172 | €51,057 | +€885 | +1.8% |
| Stocks | 30/36 | €50,172 | €51,057 | +€885 | +1.8% |
| Amounts receivable within one year | 40/41 | €93,028 | €5,808 | -€87,220 | -93.8% |
| Trade receivables | 40 | €92,256 | €5,754 | -€86,502 | -93.8% |
| Other amounts receivable | 41 | €773 | €54 | -€719 | -93.0% |
| Cash at bank and in hand | 54/58 | €2,215 | €1,070 | -€1,145 | -51.7% |
| Total equity and liabilities | 10/49 | €148,774 | €59,137 | -€89,637 | -60.3% |
| Equity | 10/15 | -€25,213 | -€35,511 | -€10,298 | -40.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Capital | 10 | €18,592 | €18,592 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €17,994 | €1,859 | -€16,135 | -89.7% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €16,135 | - | -€16,135 | |
| Profit (loss) carried forward | 14 | -€61,799 | -€55,962 | +€5,837 | +9.4% |
| Amounts payable | 17/49 | €173,987 | €94,648 | -€79,339 | -45.6% |
| Amounts payable after more than one year | 17 | €125,247 | €94,227 | -€31,020 | -24.8% |
| Other amounts payable | 178/9 | €125,247 | €94,227 | -€31,020 | -24.8% |
| Amounts payable within one year | 42/48 | €48,740 | €420 | -€48,319 | -99.1% |
| Trade debts | 44 | €48,740 | €420 | -€48,319 | -99.1% |
| Suppliers | 440/4 | €48,740 | €420 | -€48,319 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | - | = | |
| Other operating charges | 640/8 | €1,103 | €3,085 | +€1,983 | +180% |
| Non-recurring operating charges | 66A | - | €2,157 | +€2,157 | |
| Gross operating margin | 9900 | -€4,284 | -€4,328 | -€43 | -1.0% |
| Operating profit (loss) | 9901 | -€5,387 | -€9,570 | -€4,183 | -77.6% |
| Financial income | 75/76B | €600 | €23 | -€577 | -96.1% |
| Recurring financial income | 75 | €600 | €23 | -€577 | -96.1% |
| Financial charges | 65/66B | €153 | €126 | -€27 | -17.5% |
| Recurring financial charges | 65 | €153 | €126 | -€27 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | -€4,940 | -€9,673 | -€4,733 | -95.8% |
| Income taxes | 67/77 | - | €625 | +€625 | |
| Profit (loss) for the period | 9904 | -€4,940 | -€10,298 | -€5,358 | -108% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,940 | -€10,298 | -€5,358 | -108% |
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 15 October 2026 via checked.be.