Tom Rottier: what changed
Two fiscal 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 Rottier
Largest movements
- Cash +€128,603
up €128,603 (+327.1%), from €39,319 to €167,921
mainly Other debts (+€194,831) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€27,810
up €27,810 (+104.6%), from €26,599 to €54,409
of which Trade receivables: +€31,753
- Other debts +€194,831
up €194,831 (+5170.1%), from €3,768 to €198,600
- Profit (loss) carried forward -€149,595
no longer reported in 2025 (was €149,595)
- Tax, wage and social debts +€7,059
up €7,059 (+56.9%), from €12,395 to €19,454
- Trade debts +€4,062
up €4,062 (+2777.6%), from €146 to €4,208
- Gross operating margin +€28,504
up €28,504 (+47.3%), from €60,257 to €88,761
- Financial charges +€14,114
up €14,114 (+81.2%), from €17,379 to €31,493
- Taxes +€3,419
up €3,419 (+38.3%), from €8,928 to €12,347
- Financial income +€1,965
up €1,965 (+117.1%), from €1,679 to €3,643
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 | €170,905 | €227,262 | +€56,357 | +33.0% |
| Fixed assets | 21/28 | €1,331 | €1,523 | +€191 | +14.4% |
| Tangible fixed assets | 22/27 | €1,331 | €1,523 | +€191 | +14.4% |
| Plant, machinery and equipment | 23 | €1,331 | €1,523 | +€191 | +14.4% |
| Current assets | 29/58 | €169,574 | €225,739 | +€56,166 | +33.1% |
| Amounts receivable within one year | 40/41 | €26,599 | €54,409 | +€27,810 | +104.6% |
| Trade receivables | 40 | €22,655 | €54,409 | +€31,753 | +140.2% |
| Other amounts receivable | 41 | €3,944 | - | -€3,944 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €39,319 | €167,921 | +€128,603 | +327.1% |
| Deferred charges and accrued income | 490/1 | €3,656 | €3,409 | -€247 | -6.8% |
| Total equity and liabilities | 10/49 | €170,905 | €227,262 | +€56,357 | +33.0% |
| Equity | 10/15 | €154,595 | €5,000 | -€149,595 | -96.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €149,595 | - | -€149,595 | |
| Amounts payable | 17/49 | €16,310 | €222,262 | +€205,952 | +1262.8% |
| Amounts payable within one year | 42/48 | €16,310 | €222,262 | +€205,952 | +1262.8% |
| Trade debts | 44 | €146 | €4,208 | +€4,062 | +2777.6% |
| Suppliers | 440/4 | €146 | €4,208 | +€4,062 | +2777.6% |
| Taxes, remuneration and social security | 45 | €12,395 | €19,454 | +€7,059 | +56.9% |
| Taxes | 450/3 | €12,395 | €19,454 | +€7,059 | +56.9% |
| Other amounts payable | 47/48 | €3,768 | €198,600 | +€194,831 | +5170.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €934 | €1,095 | +€161 | +17.2% |
| Other operating charges | 640/8 | €144 | €400 | +€256 | +177.6% |
| Gross operating margin | 9900 | €60,257 | €88,761 | +€28,504 | +47.3% |
| Operating profit (loss) | 9901 | €59,178 | €87,266 | +€28,088 | +47.5% |
| Financial income | 75/76B | €1,679 | €3,643 | +€1,965 | +117.1% |
| Recurring financial income | 75 | €1,679 | €3,643 | +€1,965 | +117.1% |
| Financial charges | 65/66B | €17,379 | €31,493 | +€14,114 | +81.2% |
| Recurring financial charges | 65 | €17,379 | €31,493 | +€14,114 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | €43,477 | €59,417 | +€15,939 | +36.7% |
| Income taxes | 67/77 | €8,928 | €12,347 | +€3,419 | +38.3% |
| Profit (loss) for the period | 9904 | €34,550 | €47,070 | +€12,520 | +36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €34,550 | €47,070 | +€12,520 | +36.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.