Tom Turck: 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 Turck
Largest movements
- Cash +€16,672
up €16,672 (+96.9%), from €17,200 to €33,872
mainly Net result for the year (+€15,319) and Tax, wage and social debts (+€7,756)
- Receivables within one year -€7,354
down €7,354 (-45.2%), from €16,274 to €8,920
of which Trade receivables: -€13,377
- Stocks and contracts -€1,727
no longer reported in 2025 (was €1,727)
- Deferred charges and accrued income -€990
down €990 (-44.8%), from €2,210 to €1,220
- Tangible fixed assets -€777
no longer reported in 2025 (was €777)
- Other debts -€9,679
no longer reported in 2025 (was €9,679)
- Reserves +€7,770
up €7,770 (+114.3%), from €6,797 to €14,567
of which Distributable reserves: +€7,770
- Tax, wage and social debts +€7,756
up €7,756 (+2423.8%), from €320 to €8,076
- Trade debts -€7,572
down €7,572 (-73.2%), from €10,341 to €2,769
- Profit (loss) carried forward +€7,549
no longer reported in 2025 (was -€7,549)
- Staff costs -€20,982
down €20,982 (-36.5%), from €57,414 to €36,432
- Gross operating margin -€18,888
down €18,888 (-26.1%), from €72,468 to €53,580
- Financial income -€1,167
down €1,167 (-76.1%), from €1,533 to €366
- Other operating charges -€1,033
down €1,033 (-32.5%), from €3,183 to €2,150
- Depreciation -€937
no longer reported in 2025 (was €937)
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 | €38,188 | €44,012 | +€5,824 | +15.3% |
| Fixed assets | 21/28 | €777 | - | -€777 | |
| Tangible fixed assets | 22/27 | €777 | - | -€777 | |
| Plant, machinery and equipment | 23 | €777 | - | -€777 | |
| Current assets | 29/58 | €37,411 | €44,012 | +€6,601 | +17.6% |
| Stocks and contracts in progress | 3 | €1,727 | - | -€1,727 | |
| Stocks | 30/36 | €1,727 | - | -€1,727 | |
| Amounts receivable within one year | 40/41 | €16,274 | €8,920 | -€7,354 | -45.2% |
| Trade receivables | 40 | €13,826 | €449 | -€13,377 | -96.8% |
| Other amounts receivable | 41 | €2,448 | €8,471 | +€6,023 | +246.0% |
| Cash at bank and in hand | 54/58 | €17,200 | €33,872 | +€16,672 | +96.9% |
| Deferred charges and accrued income | 490/1 | €2,210 | €1,220 | -€990 | -44.8% |
| Total equity and liabilities | 10/49 | €38,188 | €44,012 | +€5,824 | +15.3% |
| Equity | 10/15 | €17,848 | €33,167 | +€15,319 | +85.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,797 | €14,567 | +€7,770 | +114.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €4,937 | €12,707 | +€7,770 | +157.4% |
| Profit (loss) carried forward | 14 | -€7,549 | - | +€7,549 | |
| Amounts payable | 17/49 | €20,340 | €10,845 | -€9,495 | -46.7% |
| Amounts payable within one year | 42/48 | €20,340 | €10,845 | -€9,495 | -46.7% |
| Trade debts | 44 | €10,341 | €2,769 | -€7,572 | -73.2% |
| Suppliers | 440/4 | €10,341 | €2,769 | -€7,572 | -73.2% |
| Taxes, remuneration and social security | 45 | €320 | €8,076 | +€7,756 | +2423.8% |
| Taxes | 450/3 | €320 | €8,076 | +€7,756 | +2423.8% |
| Other amounts payable | 47/48 | €9,679 | - | -€9,679 | |
| Non-recurring operating income | 76A | - | €19,673 | +€19,673 | |
| Remuneration, social security and pensions | 62 | €57,414 | €36,432 | -€20,982 | -36.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €937 | - | -€937 | |
| Other operating charges | 640/8 | €3,183 | €2,150 | -€1,033 | -32.5% |
| Gross operating margin | 9900 | €72,468 | €53,580 | -€18,888 | -26.1% |
| Operating profit (loss) | 9901 | €10,934 | €14,998 | +€4,064 | +37.2% |
| Financial income | 75/76B | €1,533 | €366 | -€1,167 | -76.1% |
| Recurring financial income | 75 | €1,533 | €366 | -€1,167 | -76.1% |
| Financial charges | 65/66B | €61 | €45 | -€16 | -26.2% |
| Recurring financial charges | 65 | €61 | €45 | -€16 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | €12,406 | €15,319 | +€2,913 | +23.5% |
| Profit (loss) for the period | 9904 | €12,406 | €15,319 | +€2,913 | +23.5% |
| Profit (loss) for the period to be appropriated | 9905 | €12,406 | €15,319 | +€2,913 | +23.5% |
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 10 October 2026 via checked.be.