TOM VAN MIERLO: 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 MIERLO
Largest movements
- Current investments -€204,564
down €204,564 (-100%), from €204,564 to €0
- Receivables after one year +€125,442
up €125,442 (+15.0%), from €838,321 to €963,763
- Cash +€99,103
up €99,103 (+49.4%), from €200,664 to €299,767
mainly Current investments (+€204,564) and Net result for the year (+€129,249)
- Receivables within one year +€42,808
up €42,808 (+78.6%), from €54,450 to €97,258
of which Trade receivables: +€39,720
- Other debts +€65,258
up €65,258 (+497%), from €13,127 to €78,384
- Tax, wage and social debts -€28,018
down €28,018 (-55.9%), from €50,079 to €22,061
- Reserves +€20,400
up €20,400 (+4.0%), from €510,415 to €530,815
- Gross operating margin +€13,086
up €13,086 (+15.3%), from €85,344 to €98,430
- Financial income +€11,484
up €11,484 (+9.8%), from €117,679 to €129,163
- Taxes +€6,897
up €6,897 (+14.2%), from €48,580 to €55,477
- Financial charges +€2,716
up €2,716 (+8.2%), from €33,282 to €35,999
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 | €1,319,469 | €1,376,615 | +€57,146 | +4.3% |
| Fixed assets | 21/28 | €20,608 | €14,925 | -€5,683 | -27.6% |
| Tangible fixed assets | 22/27 | €20,608 | €14,925 | -€5,683 | -27.6% |
| Land and buildings | 22 | €12,559 | €11,265 | -€1,294 | -10.3% |
| Furniture and vehicles | 24 | €8,049 | €3,659 | -€4,389 | -54.5% |
| Current assets | 29/58 | €1,298,861 | €1,361,690 | +€62,829 | +4.8% |
| Amounts receivable after more than one year | 29 | €838,321 | €963,763 | +€125,442 | +15.0% |
| Other amounts receivable | 291 | €838,321 | €963,763 | +€125,442 | +15.0% |
| Amounts receivable within one year | 40/41 | €54,450 | €97,258 | +€42,808 | +78.6% |
| Trade receivables | 40 | €54,450 | €94,170 | +€39,720 | +72.9% |
| Other amounts receivable | 41 | - | €3,088 | +€3,088 | |
| Current investments | 50/53 | €204,564 | €0 | -€204,564 | -100% |
| Cash at bank and in hand | 54/58 | €200,664 | €299,767 | +€99,103 | +49.4% |
| Deferred charges and accrued income | 490/1 | €862 | €903 | +€40 | +4.7% |
| Total equity and liabilities | 10/49 | €1,319,469 | €1,376,615 | +€57,146 | +4.3% |
| Equity | 10/15 | €516,615 | €537,015 | +€20,400 | +3.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €510,415 | €530,815 | +€20,400 | +4.0% |
| Distributable reserves | 133 | €510,415 | €530,815 | +€20,400 | +4.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €802,854 | €839,600 | +€36,746 | +4.6% |
| Amounts payable after more than one year | 17 | €700,000 | €700,000 | = | 0.0% |
| Other amounts payable | 178/9 | €700,000 | €700,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €69,934 | €103,024 | +€33,089 | +47.3% |
| Trade debts | 44 | €6,728 | €2,578 | -€4,150 | -61.7% |
| Suppliers | 440/4 | €6,728 | €2,578 | -€4,150 | -61.7% |
| Taxes, remuneration and social security | 45 | €50,079 | €22,061 | -€28,018 | -55.9% |
| Taxes | 450/3 | €50,079 | €22,061 | -€28,018 | -55.9% |
| Other amounts payable | 47/48 | €13,127 | €78,384 | +€65,258 | +497% |
| Accrued charges and deferred income | 492/3 | €32,919 | €36,576 | +€3,657 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,767 | €5,683 | +€916 | +19.2% |
| Other operating charges | 640/8 | €569 | €1,184 | +€615 | +108% |
| Gross operating margin | 9900 | €85,344 | €98,430 | +€13,086 | +15.3% |
| Operating profit (loss) | 9901 | €80,008 | €91,563 | +€11,555 | +14.4% |
| Financial income | 75/76B | €117,679 | €129,163 | +€11,484 | +9.8% |
| Recurring financial income | 75 | €117,679 | €129,163 | +€11,484 | +9.8% |
| Financial charges | 65/66B | €33,282 | €35,999 | +€2,716 | +8.2% |
| Recurring financial charges | 65 | €33,282 | €35,999 | +€2,716 | +8.2% |
| Profit (loss) for the period before taxes | 9903 | €164,404 | €184,727 | +€20,323 | +12.4% |
| Income taxes | 67/77 | €48,580 | €55,477 | +€6,897 | +14.2% |
| Profit (loss) for the period | 9904 | €115,823 | €129,249 | +€13,426 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €115,823 | €129,249 | +€13,426 | +11.6% |
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 31 October 2026 via checked.be.