TOM OSTYN: 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 OSTYN
Largest movements
- Tangible fixed assets -€12,194
down €12,194 (-18.4%), from €66,286 to €54,092
of which Furniture and vehicles: -€17,009
- Cash -€4,790
down €4,790 (-8.6%), from €55,568 to €50,779
mainly Investment in fixed assets (net) (-€13,247) and Debts after one year (-€10,818)
- Stocks and contracts +€2,366
up €2,366 (+4.6%), from €51,970 to €54,336
of which Contracts in progress: +€5,982
- Reserves +€11,224
up €11,224 (+20.3%), from €55,226 to €66,450
- Debts after one year -€10,818
down €10,818 (-14.4%), from €75,003 to €64,185
of which Financial debts: -€12,687
- Trade debts -€8,027
down €8,027 (-39.1%), from €20,510 to €12,483
- Current portion of long-term debt -€5,752
down €5,752 (-27.1%), from €21,226 to €15,474
- Other debts -€5,015
down €5,015 (-98.3%), from €5,100 to €85
- Staff costs +€4,648
up €4,648 (+5.3%), from €87,329 to €91,977
- Gross operating margin +€2,638
up €2,638 (+1.8%), from €144,652 to €147,291
- Other operating charges +€1,943
up €1,943 (+124.8%), from €1,557 to €3,500
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 | €213,181 | €196,837 | -€16,344 | -7.7% |
| Fixed assets | 21/28 | €66,286 | €54,092 | -€12,194 | -18.4% |
| Tangible fixed assets | 22/27 | €66,286 | €54,092 | -€12,194 | -18.4% |
| Land and buildings | 22 | €2,302 | €3,790 | +€1,488 | +64.6% |
| Plant, machinery and equipment | 23 | €19,119 | €22,445 | +€3,326 | +17.4% |
| Furniture and vehicles | 24 | €44,866 | €27,857 | -€17,009 | -37.9% |
| Current assets | 29/58 | €146,894 | €142,745 | -€4,150 | -2.8% |
| Stocks and contracts in progress | 3 | €51,970 | €54,336 | +€2,366 | +4.6% |
| Stocks | 30/36 | €51,970 | €48,354 | -€3,616 | -7.0% |
| Contracts in progress | 37 | - | €5,982 | +€5,982 | |
| Amounts receivable within one year | 40/41 | €36,573 | €34,581 | -€1,992 | -5.4% |
| Trade receivables | 40 | €31,573 | €34,581 | +€3,009 | +9.5% |
| Other amounts receivable | 41 | €5,001 | €0 | -€5,001 | -100.0% |
| Cash at bank and in hand | 54/58 | €55,568 | €50,779 | -€4,790 | -8.6% |
| Deferred charges and accrued income | 490/1 | €2,782 | €3,049 | +€266 | +9.6% |
| Total equity and liabilities | 10/49 | €213,181 | €196,837 | -€16,344 | -7.7% |
| Equity | 10/15 | €75,226 | €86,450 | +€11,224 | +14.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €55,226 | €66,450 | +€11,224 | +20.3% |
| Distributable reserves | 133 | €55,226 | €66,450 | +€11,224 | +20.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €137,955 | €110,386 | -€27,568 | -20.0% |
| Amounts payable after more than one year | 17 | €75,003 | €64,185 | -€10,818 | -14.4% |
| Financial debts | 170/4 | €47,181 | €34,494 | -€12,687 | -26.9% |
| Other amounts payable | 178/9 | €27,822 | €29,691 | +€1,869 | +6.7% |
| Amounts payable within one year | 42/48 | €62,948 | €42,351 | -€20,597 | -32.7% |
| Current portion of amounts payable after more than one year | 42 | €21,226 | €15,474 | -€5,752 | -27.1% |
| Trade debts | 44 | €20,510 | €12,483 | -€8,027 | -39.1% |
| Suppliers | 440/4 | €20,510 | €12,483 | -€8,027 | -39.1% |
| Advances received on contracts in progress | 46 | €3,986 | €0 | -€3,986 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,126 | €14,309 | +€2,183 | +18.0% |
| Taxes | 450/3 | €5,694 | €7,003 | +€1,309 | +23.0% |
| Remuneration and social security | 454/9 | €6,432 | €7,306 | +€873 | +13.6% |
| Other amounts payable | 47/48 | €5,100 | €85 | -€5,015 | -98.3% |
| Accrued charges and deferred income | 492/3 | €4 | €3,850 | +€3,846 | +100691.4% |
| Non-recurring operating income | 76A | €8,250 | €0 | -€8,250 | -100.0% |
| Remuneration, social security and pensions | 62 | €87,329 | €91,977 | +€4,648 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,832 | €25,442 | +€609 | +2.5% |
| Other operating charges | 640/8 | €1,557 | €3,500 | +€1,943 | +124.8% |
| Non-recurring operating charges | 66A | €62 | €3,829 | +€3,767 | +6078.2% |
| Gross operating margin | 9900 | €144,652 | €147,291 | +€2,638 | +1.8% |
| Operating profit (loss) | 9901 | €30,873 | €22,544 | -€8,329 | -27.0% |
| Financial income | 75/76B | €4 | €11 | +€7 | +176.5% |
| Recurring financial income | 75 | €4 | €11 | +€7 | +176.5% |
| Financial charges | 65/66B | €5,266 | €5,827 | +€561 | +10.6% |
| Recurring financial charges | 65 | €5,266 | €5,827 | +€561 | +10.6% |
| Profit (loss) for the period before taxes | 9903 | €25,611 | €16,729 | -€8,882 | -34.7% |
| Income taxes | 67/77 | €6,066 | €5,505 | -€561 | -9.2% |
| Profit (loss) for the period | 9904 | €19,545 | €11,224 | -€8,321 | -42.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,545 | €11,224 | -€8,321 | -42.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.