Tom Van Boxstael: 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 Boxstael
Largest movements
- Cash -€56,467
down €56,467 (-21.7%), from €259,851 to €203,384
mainly Contributions, distributions and other (-€543,000) and Investment in fixed assets (net) (-€5,242)
- Tangible fixed assets -€5,975
down €5,975 (-13.9%), from €43,070 to €37,096
of which Furniture and vehicles: -€4,890
- Reserves -€329,994
down €329,994 (-99.9%), from €330,398 to €403
- Other debts +€228,829
up €228,829 (+2,633%), from €8,691 to €237,520
- Tax, wage and social debts +€40,473
up €40,473 (+79.6%), from €50,818 to €91,291
- Gross operating margin +€130,538
up €130,538 (+74.7%), from €174,835 to €305,374
- Taxes +€36,028
up €36,028 (+89.4%), from €40,298 to €76,326
- Depreciation +€8,481
up €8,481 (+310%), from €2,736 to €11,217
- Other operating charges +€5,556
up €5,556 (+8,961%), from €62 to €5,618
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 | €405,536 | €347,032 | -€58,504 | -14.4% |
| Fixed assets | 21/28 | €43,070 | €37,096 | -€5,975 | -13.9% |
| Tangible fixed assets | 22/27 | €43,070 | €37,096 | -€5,975 | -13.9% |
| Plant, machinery and equipment | 23 | €4,338 | €3,254 | -€1,084 | -25.0% |
| Furniture and vehicles | 24 | €38,732 | €33,842 | -€4,890 | -12.6% |
| Current assets | 29/58 | €362,466 | €309,936 | -€52,529 | -14.5% |
| Amounts receivable within one year | 40/41 | €37 | €92 | +€55 | +145% |
| Other amounts receivable | 41 | €37 | €92 | +€55 | +145% |
| Current investments | 50/53 | €100,700 | €101,740 | +€1,040 | +1.0% |
| Cash at bank and in hand | 54/58 | €259,851 | €203,384 | -€56,467 | -21.7% |
| Deferred charges and accrued income | 490/1 | €1,877 | €4,720 | +€2,843 | +151% |
| Total equity and liabilities | 10/49 | €405,536 | €347,032 | -€58,504 | -14.4% |
| Equity | 10/15 | €345,398 | €15,403 | -€329,994 | -95.5% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €330,398 | €403 | -€329,994 | -99.9% |
| Distributable reserves | 133 | €330,398 | €403 | -€329,994 | -99.9% |
| Amounts payable | 17/49 | €60,138 | €331,628 | +€271,490 | +451% |
| Amounts payable within one year | 42/48 | €60,138 | €331,628 | +€271,490 | +451% |
| Trade debts | 44 | €629 | €2,817 | +€2,188 | +348% |
| Suppliers | 440/4 | €629 | €2,817 | +€2,188 | +348% |
| Taxes, remuneration and social security | 45 | €50,818 | €91,291 | +€40,473 | +79.6% |
| Taxes | 450/3 | €50,818 | €91,291 | +€40,473 | +79.6% |
| Other amounts payable | 47/48 | €8,691 | €237,520 | +€228,829 | +2,633% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,736 | €11,217 | +€8,481 | +310% |
| Other operating charges | 640/8 | €62 | €5,618 | +€5,556 | +8,961% |
| Gross operating margin | 9900 | €174,835 | €305,374 | +€130,538 | +74.7% |
| Operating profit (loss) | 9901 | €172,037 | €288,539 | +€116,502 | +67.7% |
| Financial income | 75/76B | €2,548 | €1,393 | -€1,155 | -45.3% |
| Recurring financial income | 75 | €2,548 | €1,393 | -€1,155 | -45.3% |
| Financial charges | 65/66B | €2,784 | €600 | -€2,184 | -78.5% |
| Recurring financial charges | 65 | €2,784 | €600 | -€2,184 | -78.5% |
| Profit (loss) for the period before taxes | 9903 | €171,801 | €289,332 | +€117,531 | +68.4% |
| Income taxes | 67/77 | €40,298 | €76,326 | +€36,028 | +89.4% |
| Profit (loss) for the period | 9904 | €131,503 | €213,006 | +€81,503 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €131,503 | €213,006 | +€81,503 | +62.0% |
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 20 October 2026 via checked.be.