TOM VAN ACKER: 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 VAN ACKER
Largest movements
- Tangible fixed assets +€60,221
up €60,221 (+12.0%), from €501,638 to €561,859
of which Assets under construction and advance payments: +€85,055
- Cash -€19,030
down €19,030 (-66.4%), from €28,665 to €9,635
mainly Investment in fixed assets (net) (-€85,055) and Net result for the year (-€22,637)
- Receivables within one year +€6,800
up €6,800 (+193.9%), from €3,506 to €10,306
of which Other amounts receivable: +€7,363
- Other debts +€76,254
up €76,254 (+312.8%), from €24,381 to €100,635
- Reserves -€22,637
down €22,637 (-5.6%), from €405,206 to €382,569
of which Distributable reserves: -€12,340
- Financial charges -€16,441
down €16,441 (-86.7%), from €18,969 to €2,528
- Gross operating margin -€9,243
down €9,243 (-63.4%), from €14,571 to €5,328
- Depreciation -€1,380
down €1,380 (-5.3%), from €26,214 to €24,834
- Other operating charges +€513
up €513 (+15.1%), from €3,386 to €3,899
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 | €539,588 | €587,579 | +€47,991 | +8.9% |
| Fixed assets | 21/28 | €504,589 | €564,809 | +€60,221 | +11.9% |
| Tangible fixed assets | 22/27 | €501,638 | €561,859 | +€60,221 | +12.0% |
| Land and buildings | 22 | €412,355 | €399,649 | -€12,706 | -3.1% |
| Plant, machinery and equipment | 23 | €12,974 | €8,516 | -€4,458 | -34.4% |
| Furniture and vehicles | 24 | €38,940 | €31,559 | -€7,381 | -19.0% |
| Other tangible fixed assets | 26 | €1,156 | €867 | -€289 | -25.0% |
| Assets under construction and advance payments | 27 | €36,213 | €121,268 | +€85,055 | +234.9% |
| Financial fixed assets | 28 | €2,950 | €2,950 | = | 0.0% |
| Current assets | 29/58 | €34,999 | €22,769 | -€12,230 | -34.9% |
| Amounts receivable within one year | 40/41 | €3,506 | €10,306 | +€6,800 | +193.9% |
| Trade receivables | 40 | €3,078 | €2,514 | -€563 | -18.3% |
| Other amounts receivable | 41 | €429 | €7,792 | +€7,363 | +1717.5% |
| Current investments | 50/53 | €2,828 | €2,828 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €28,665 | €9,635 | -€19,030 | -66.4% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €539,588 | €587,579 | +€47,991 | +8.9% |
| Equity | 10/15 | €433,714 | €411,077 | -€22,637 | -5.2% |
| Contributions | 10/11 | €28,508 | €28,508 | = | 0.0% |
| Reserves | 13 | €405,206 | €382,569 | -€22,637 | -5.6% |
| Tax-exempt reserves | 132 | €217,404 | €207,107 | -€10,297 | -4.7% |
| Distributable reserves | 133 | €187,802 | €175,462 | -€12,340 | -6.6% |
| Provisions and deferred taxes | 16 | €72,468 | €69,036 | -€3,432 | -4.7% |
| Deferred taxes | 168 | €72,468 | €69,036 | -€3,432 | -4.7% |
| Amounts payable | 17/49 | €33,406 | €107,466 | +€74,060 | +221.7% |
| Amounts payable within one year | 42/48 | €32,132 | €105,572 | +€73,441 | +228.6% |
| Trade debts | 44 | €6,318 | €4,241 | -€2,077 | -32.9% |
| Suppliers | 440/4 | €6,318 | €4,241 | -€2,077 | -32.9% |
| Taxes, remuneration and social security | 45 | €1,433 | €697 | -€736 | -51.4% |
| Taxes | 450/3 | €1,433 | €697 | -€736 | -51.4% |
| Other amounts payable | 47/48 | €24,381 | €100,635 | +€76,254 | +312.8% |
| Accrued charges and deferred income | 492/3 | €1,274 | €1,894 | +€619 | +48.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,214 | €24,834 | -€1,380 | -5.3% |
| Other operating charges | 640/8 | €3,386 | €3,899 | +€513 | +15.1% |
| Gross operating margin | 9900 | €14,571 | €5,328 | -€9,243 | -63.4% |
| Operating profit (loss) | 9901 | -€15,029 | -€23,405 | -€8,376 | -55.7% |
| Financial income | 75/76B | €56 | €41 | -€14 | -25.8% |
| Recurring financial income | 75 | €56 | €41 | -€14 | -25.8% |
| Financial charges | 65/66B | €18,969 | €2,528 | -€16,441 | -86.7% |
| Recurring financial charges | 65 | €18,969 | €2,528 | -€16,441 | -86.7% |
| Profit (loss) for the period before taxes | 9903 | -€33,943 | -€25,892 | +€8,050 | +23.7% |
| Transfer from deferred taxes | 780 | €3,603 | €3,432 | -€170 | -4.7% |
| Income taxes | 67/77 | €312 | €177 | -€135 | -43.3% |
| Profit (loss) for the period | 9904 | -€30,652 | -€22,637 | +€8,015 | +26.1% |
| Transfer from tax-exempt reserves | 789 | €10,808 | €10,297 | -€511 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€19,844 | -€12,340 | +€7,504 | +37.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.