TOM V: 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 V
Largest movements
- Cash +€133,093
up €133,093 (+343%), from €38,854 to €171,947
mainly Receivables after one year (+€100,000) and Receivables within one year (+€31,848)
- Receivables after one year -€100,000
down €100,000 (-9.3%), from €1.1m to €980,000
- Deferred charges and accrued income +€46,795
up €46,795 (+56.2%), from €83,223 to €130,017
- Receivables within one year -€31,848
down €31,848 (-61.1%), from €52,106 to €20,258
of which Other amounts receivable: -€33,804
- Other debts +€23,423
up €23,423 (+1.9%), from €1.2m to €1.2m
- Financial charges +€4,061
up €4,061 (+58.1%), from €6,988 to €11,049
- Financial income -€2,071
down €2,071 (-4.2%), from €49,118 to €47,047
- Gross operating margin -€824
down €824 (-4.0%), from -€20,810 to -€21,635
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 | €1,801,522 | €1,835,833 | +€34,311 | +1.9% |
| Fixed assets | 21/28 | €547,340 | €533,611 | -€13,729 | -2.5% |
| Tangible fixed assets | 22/27 | €82,340 | €68,611 | -€13,729 | -16.7% |
| Furniture and vehicles | 24 | €82,340 | €68,611 | -€13,729 | -16.7% |
| Financial fixed assets | 28 | €465,000 | €465,000 | = | 0.0% |
| Current assets | 29/58 | €1,254,183 | €1,302,222 | +€48,040 | +3.8% |
| Amounts receivable after more than one year | 29 | €1,080,000 | €980,000 | -€100,000 | -9.3% |
| Other amounts receivable | 291 | €1,080,000 | €980,000 | -€100,000 | -9.3% |
| Amounts receivable within one year | 40/41 | €52,106 | €20,258 | -€31,848 | -61.1% |
| Trade receivables | 40 | €2,400 | €4,356 | +€1,956 | +81.5% |
| Other amounts receivable | 41 | €49,706 | €15,902 | -€33,804 | -68.0% |
| Cash at bank and in hand | 54/58 | €38,854 | €171,947 | +€133,093 | +343% |
| Deferred charges and accrued income | 490/1 | €83,223 | €130,017 | +€46,795 | +56.2% |
| Total equity and liabilities | 10/49 | €1,801,522 | €1,835,833 | +€34,311 | +1.9% |
| Equity | 10/15 | €249,624 | €250,116 | +€492 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €224,939 | €224,939 | = | 0.0% |
| 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 | €223,079 | €223,079 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,085 | €6,576 | +€492 | +8.1% |
| Amounts payable | 17/49 | €1,551,898 | €1,585,717 | +€33,819 | +2.2% |
| Amounts payable after more than one year | 17 | €310,000 | €310,000 | = | 0.0% |
| Financial debts | 170/4 | €310,000 | €310,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €1,234,961 | €1,257,818 | +€22,857 | +1.9% |
| Trade debts | 44 | €17,671 | €17,105 | -€566 | -3.2% |
| Suppliers | 440/4 | €17,671 | €17,105 | -€566 | -3.2% |
| Other amounts payable | 47/48 | €1,217,290 | €1,240,713 | +€23,423 | +1.9% |
| Accrued charges and deferred income | 492/3 | €6,937 | €17,899 | +€10,962 | +158% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,729 | €13,729 | = | 0.0% |
| Other operating charges | 640/8 | €100 | €142 | +€42 | +42.1% |
| Gross operating margin | 9900 | -€20,810 | -€21,635 | -€824 | -4.0% |
| Operating profit (loss) | 9901 | -€34,639 | -€35,506 | -€867 | -2.5% |
| Financial income | 75/76B | €49,118 | €47,047 | -€2,071 | -4.2% |
| Recurring financial income | 75 | €49,118 | €47,047 | -€2,071 | -4.2% |
| Financial charges | 65/66B | €6,988 | €11,049 | +€4,061 | +58.1% |
| Recurring financial charges | 65 | €6,988 | €11,049 | +€4,061 | +58.1% |
| Profit (loss) for the period before taxes | 9903 | €7,490 | €492 | -€6,999 | -93.4% |
| Profit (loss) for the period | 9904 | €7,490 | €492 | -€6,999 | -93.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,490 | €492 | -€6,999 | -93.4% |
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 15 October 2026 via checked.be.