TOM LUYTEN: 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 LUYTEN
Largest movements
- Tangible fixed assets -€10,324
down €10,324 (-25.7%), from €40,104 to €29,779
of which Furniture and vehicles: -€8,461
- Receivables within one year -€1,204
down €1,204 (-18.2%), from €6,596 to €5,393
of which Other amounts receivable: -€1,004
- Cash +€1,199
up €1,199 (+46.3%), from €2,590 to €3,789
mainly Depreciation (+€13,960) and Trade debts (+€1,272)
- Stocks and contracts +€1,050
up €1,050 (+210%), from €500 to €1,550
- Current portion of long-term debt -€4,719
down €4,719 (-66.4%), from €7,111 to €2,392
- Profit (loss) carried forward -€2,571
down €2,571 (-15.6%), from €16,522 to €13,951
- Debts after one year -€2,392
no longer reported in 2025 (was €2,392)
- Trade debts +€1,272
up €1,272 (+203%), from €628 to €1,899
- Other debts -€972
no longer reported in 2025 (was €972)
- Gross operating margin -€3,343
down €3,343 (-18.3%), from €18,258 to €14,915
- Other operating charges +€1,915
up €1,915 (+133%), from €1,443 to €3,357
- Taxes -€983
down €983 (-90.4%), from €1,087 to €104
- Depreciation -€449
down €449 (-3.1%), from €14,409 to €13,960
- Financial income -€231
down €231 (-45.7%), from €505 to €274
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 | €49,790 | €40,511 | -€9,279 | -18.6% |
| Fixed assets | 21/28 | €40,104 | €29,779 | -€10,324 | -25.7% |
| Tangible fixed assets | 22/27 | €40,104 | €29,779 | -€10,324 | -25.7% |
| Land and buildings | 22 | €8,116 | €7,184 | -€933 | -11.5% |
| Plant, machinery and equipment | 23 | €5,555 | €4,625 | -€931 | -16.8% |
| Furniture and vehicles | 24 | €26,432 | €17,971 | -€8,461 | -32.0% |
| Current assets | 29/58 | €9,687 | €10,732 | +€1,045 | +10.8% |
| Stocks and contracts in progress | 3 | €500 | €1,550 | +€1,050 | +210% |
| Stocks | 30/36 | €500 | €1,550 | +€1,050 | +210% |
| Amounts receivable within one year | 40/41 | €6,596 | €5,393 | -€1,204 | -18.2% |
| Trade receivables | 40 | €3,384 | €3,185 | -€199 | -5.9% |
| Other amounts receivable | 41 | €3,212 | €2,208 | -€1,004 | -31.3% |
| Cash at bank and in hand | 54/58 | €2,590 | €3,789 | +€1,199 | +46.3% |
| Total equity and liabilities | 10/49 | €49,790 | €40,511 | -€9,279 | -18.6% |
| Equity | 10/15 | €37,600 | €35,029 | -€2,571 | -6.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | €12,400 | = | 0.0% |
| Other | 1109/19 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,678 | €8,678 | = | 0.0% |
| Distributable reserves | 133 | €8,678 | €8,678 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,522 | €13,951 | -€2,571 | -15.6% |
| Amounts payable | 17/49 | €12,190 | €5,483 | -€6,708 | -55.0% |
| Amounts payable after more than one year | 17 | €2,392 | - | -€2,392 | |
| Financial debts | 170/4 | €2,392 | - | -€2,392 | |
| Amounts payable within one year | 42/48 | €9,798 | €5,483 | -€4,316 | -44.0% |
| Current portion of amounts payable after more than one year | 42 | €7,111 | €2,392 | -€4,719 | -66.4% |
| Trade debts | 44 | €628 | €1,899 | +€1,272 | +203% |
| Suppliers | 440/4 | €628 | €1,899 | +€1,272 | +203% |
| Taxes, remuneration and social security | 45 | €1,087 | €1,191 | +€104 | +9.6% |
| Taxes | 450/3 | €1,087 | €1,191 | +€104 | +9.6% |
| Other amounts payable | 47/48 | €972 | - | -€972 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,409 | €13,960 | -€449 | -3.1% |
| Other operating charges | 640/8 | €1,443 | €3,357 | +€1,915 | +133% |
| Gross operating margin | 9900 | €18,258 | €14,915 | -€3,343 | -18.3% |
| Operating profit (loss) | 9901 | €2,406 | -€2,403 | -€4,809 | |
| Financial income | 75/76B | €505 | €274 | -€231 | -45.7% |
| Recurring financial income | 75 | €505 | €274 | -€231 | -45.7% |
| Financial charges | 65/66B | €258 | €339 | +€81 | +31.5% |
| Recurring financial charges | 65 | €258 | €339 | +€81 | +31.5% |
| Profit (loss) for the period before taxes | 9903 | €2,654 | -€2,467 | -€5,121 | |
| Income taxes | 67/77 | €1,087 | €104 | -€983 | -90.4% |
| Profit (loss) for the period | 9904 | €1,567 | -€2,571 | -€4,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,567 | -€2,571 | -€4,138 |
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 26 October 2026 via checked.be.