TOM VAN STAEY: 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 STAEY
Largest movements
- Tangible fixed assets +€49,021
up €49,021 (+85.3%), from €57,438 to €106,459
of which Furniture and vehicles: +€52,808
- Receivables within one year +€15,936
up €15,936 (+53.1%), from €29,994 to €45,930
of which Other amounts receivable: +€11,515
- Cash -€6,198
down €6,198 (-32.8%), from €18,899 to €12,701
mainly Investment in fixed assets (net) (-€60,187) and Receivables within one year (-€15,936)
- Debts after one year +€26,082
up €26,082 (+55.2%), from €47,267 to €73,350
- Profit (loss) carried forward +€22,608
no longer reported in 2025 (was -€22,608)
- Trade debts +€9,551
up €9,551 (+96.4%), from €9,910 to €19,462
- Tax, wage and social debts -€2,773
no longer reported in 2025 (was €2,773)
of which Remuneration and social security: -€2,333
- Reserves +€2,289
new in 2025: €2,289
- Gross operating margin +€48,794
up €48,794, from -€7,430 to €41,364
- Depreciation +€5,989
up €5,989 (+116%), from €5,176 to €11,165
- Financial charges +€783
up €783 (+34.5%), from €2,270 to €3,052
- Taxes +€434
up €434 (+98.6%), from €440 to €874
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 | €109,980 | €169,872 | +€59,893 | +54.5% |
| Fixed assets | 21/28 | €57,463 | €106,484 | +€49,021 | +85.3% |
| Tangible fixed assets | 22/27 | €57,438 | €106,459 | +€49,021 | +85.3% |
| Land and buildings | 22 | €55,626 | €52,691 | -€2,935 | -5.3% |
| Plant, machinery and equipment | 23 | €1,812 | €961 | -€851 | -47.0% |
| Furniture and vehicles | 24 | - | €52,808 | +€52,808 | |
| Financial fixed assets | 28 | €25 | €25 | = | 0.0% |
| Current assets | 29/58 | €52,517 | €63,389 | +€10,871 | +20.7% |
| Stocks and contracts in progress | 3 | €2,836 | €3,835 | +€999 | +35.2% |
| Stocks | 30/36 | €2,836 | €3,835 | +€999 | +35.2% |
| Amounts receivable within one year | 40/41 | €29,994 | €45,930 | +€15,936 | +53.1% |
| Trade receivables | 40 | €8,164 | €12,585 | +€4,421 | +54.2% |
| Other amounts receivable | 41 | €21,830 | €33,345 | +€11,515 | +52.7% |
| Cash at bank and in hand | 54/58 | €18,899 | €12,701 | -€6,198 | -32.8% |
| Deferred charges and accrued income | 490/1 | €789 | €923 | +€134 | +17.0% |
| Total equity and liabilities | 10/49 | €109,980 | €169,872 | +€59,893 | +54.5% |
| Equity | 10/15 | €37,392 | €62,289 | +€24,897 | +66.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Reserves | 13 | - | €2,289 | +€2,289 | |
| Distributable reserves | 133 | - | €2,289 | +€2,289 | |
| Profit (loss) carried forward | 14 | -€22,608 | - | +€22,608 | |
| Amounts payable | 17/49 | €72,588 | €107,583 | +€34,996 | +48.2% |
| Amounts payable after more than one year | 17 | €47,267 | €73,350 | +€26,082 | +55.2% |
| Financial debts | 170/4 | €47,267 | €73,350 | +€26,082 | +55.2% |
| Amounts payable within one year | 42/48 | €25,320 | €34,234 | +€8,913 | +35.2% |
| Current portion of amounts payable after more than one year | 42 | €12,637 | €14,772 | +€2,135 | +16.9% |
| Trade debts | 44 | €9,910 | €19,462 | +€9,551 | +96.4% |
| Suppliers | 440/4 | €9,910 | €19,462 | +€9,551 | +96.4% |
| Taxes, remuneration and social security | 45 | €2,773 | - | -€2,773 | |
| Taxes | 450/3 | €440 | - | -€440 | |
| Remuneration and social security | 454/9 | €2,333 | - | -€2,333 | |
| Non-recurring operating income | 76A | - | €19,900 | +€19,900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,176 | €11,165 | +€5,989 | +116% |
| Other operating charges | 640/8 | €1,564 | €1,376 | -€189 | -12.1% |
| Gross operating margin | 9900 | -€7,430 | €41,364 | +€48,794 | |
| Operating profit (loss) | 9901 | -€14,170 | €28,823 | +€42,993 | |
| Financial income | 75/76B | €152 | - | -€152 | |
| Recurring financial income | 75 | €152 | - | -€152 | |
| Financial charges | 65/66B | €2,270 | €3,052 | +€783 | +34.5% |
| Recurring financial charges | 65 | €2,270 | €3,052 | +€783 | +34.5% |
| Profit (loss) for the period before taxes | 9903 | -€16,288 | €25,771 | +€42,058 | |
| Income taxes | 67/77 | €440 | €874 | +€434 | +98.6% |
| Profit (loss) for the period | 9904 | -€16,728 | €24,897 | +€41,625 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,728 | €24,897 | +€41,625 |
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 14 October 2026 via checked.be.