TOM STEENSSENS: 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 STEENSSENS
Largest movements
- Receivables after one year +€90,250
up €90,250 (+158%), from €57,000 to €147,250
- Receivables within one year -€51,916
down €51,916 (-44.6%), from €116,336 to €64,420
of which Other amounts receivable: -€53,080
- Cash -€2,953
down €2,953 (-36.4%), from €8,119 to €5,166
mainly Receivables after one year (-€90,250) and Contributions, distributions and other (-€20,000)
- Deferred charges and accrued income -€2,914
down €2,914 (-48.8%), from €5,967 to €3,053
- Tangible fixed assets -€2,383
down €2,383 (-44.2%), from €5,393 to €3,010
of which Furniture and vehicles: -€1,842
- Reserves +€24,831
up €24,831 (+19.6%), from €126,495 to €151,327
of which Distributable reserves: +€24,831
- Other debts +€10,561
up €10,561 (+112%), from €9,439 to €20,000
- Tax, wage and social debts -€7,740
down €7,740 (-19.5%), from €39,757 to €32,016
- Trade debts +€2,431
up €2,431 (+51.5%), from €4,724 to €7,156
- Gross operating margin +€36,493
up €36,493 (+115%), from €31,777 to €68,270
- Taxes +€9,673
up €9,673 (+96.3%), from €10,050 to €19,723
- Financial charges +€1,989
up €1,989 (+167%), from €1,192 to €3,180
- Depreciation -€1,463
down €1,463 (-52.6%), from €2,783 to €1,319
- Financial income +€1,434
up €1,434 (+48.9%), from €2,935 to €4,368
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 | €192,815 | €222,899 | +€30,084 | +15.6% |
| Fixed assets | 21/28 | €5,393 | €3,010 | -€2,383 | -44.2% |
| Tangible fixed assets | 22/27 | €5,393 | €3,010 | -€2,383 | -44.2% |
| Land and buildings | 22 | €733 | €599 | -€134 | -18.3% |
| Plant, machinery and equipment | 23 | €407 | - | -€407 | |
| Furniture and vehicles | 24 | €4,253 | €2,411 | -€1,842 | -43.3% |
| Current assets | 29/58 | €187,422 | €219,889 | +€32,466 | +17.3% |
| Amounts receivable after more than one year | 29 | €57,000 | €147,250 | +€90,250 | +158% |
| Other amounts receivable | 291 | €57,000 | €147,250 | +€90,250 | +158% |
| Amounts receivable within one year | 40/41 | €116,336 | €64,420 | -€51,916 | -44.6% |
| Trade receivables | 40 | €11,203 | €12,367 | +€1,164 | +10.4% |
| Other amounts receivable | 41 | €105,133 | €52,053 | -€53,080 | -50.5% |
| Cash at bank and in hand | 54/58 | €8,119 | €5,166 | -€2,953 | -36.4% |
| Deferred charges and accrued income | 490/1 | €5,967 | €3,053 | -€2,914 | -48.8% |
| Total equity and liabilities | 10/49 | €192,815 | €222,899 | +€30,084 | +15.6% |
| Equity | 10/15 | €138,895 | €163,727 | +€24,831 | +17.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €126,495 | €151,327 | +€24,831 | +19.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €320 | €320 | = | 0.0% |
| Distributable reserves | 133 | €124,320 | €149,151 | +€24,831 | +20.0% |
| Amounts payable | 17/49 | €53,920 | €59,172 | +€5,253 | +9.7% |
| Amounts payable within one year | 42/48 | €53,920 | €59,172 | +€5,253 | +9.7% |
| Trade debts | 44 | €4,724 | €7,156 | +€2,431 | +51.5% |
| Suppliers | 440/4 | €4,724 | €7,156 | +€2,431 | +51.5% |
| Taxes, remuneration and social security | 45 | €39,757 | €32,016 | -€7,740 | -19.5% |
| Taxes | 450/3 | €39,757 | €32,016 | -€7,740 | -19.5% |
| Other amounts payable | 47/48 | €9,439 | €20,000 | +€10,561 | +112% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,783 | €1,319 | -€1,463 | -52.6% |
| Other operating charges | 640/8 | €3,161 | €2,503 | -€658 | -20.8% |
| Non-recurring operating charges | 66A | - | €1,081 | +€1,081 | |
| Gross operating margin | 9900 | €31,777 | €68,270 | +€36,493 | +115% |
| Operating profit (loss) | 9901 | €25,833 | €63,366 | +€37,533 | +145% |
| Financial income | 75/76B | €2,935 | €4,368 | +€1,434 | +48.9% |
| Recurring financial income | 75 | €2,935 | €4,368 | +€1,434 | +48.9% |
| Financial charges | 65/66B | €1,192 | €3,180 | +€1,989 | +167% |
| Recurring financial charges | 65 | €1,192 | €3,180 | +€1,989 | +167% |
| Profit (loss) for the period before taxes | 9903 | €27,576 | €64,554 | +€36,978 | +134% |
| Income taxes | 67/77 | €10,050 | €19,723 | +€9,673 | +96.3% |
| Profit (loss) for the period | 9904 | €17,527 | €44,831 | +€27,305 | +156% |
| Profit (loss) for the period to be appropriated | 9905 | €17,527 | €44,831 | +€27,305 | +156% |
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 24 October 2026 via checked.be.