Tom Vansweevelt: 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 Vansweevelt
Largest movements
- Receivables within one year +€34,767
up €34,767 (+364%), from €9,558 to €44,325
of which Other amounts receivable: +€22,297
- Tangible fixed assets +€15,731
up €15,731 (+484%), from €3,249 to €18,980
of which Leasing and similar rights: +€16,815
- Cash +€7,979
up €7,979 (+48.8%), from €16,356 to €24,335
mainly Net result for the year (+€27,776) and Debts after one year (+€12,322)
- Reserves +€26,110
up €26,110 (+169%), from €15,422 to €41,532
- Debts after one year +€12,322
new in 2025: €12,322
- Trade debts +€8,184
up €8,184 (+121%), from €6,737 to €14,921
- Tax, wage and social debts +€6,721
up €6,721 (+157%), from €4,285 to €11,006
- Current portion of long-term debt +€5,193
new in 2025: €5,193
- Gross operating margin +€21,711
up €21,711 (+99.6%), from €21,788 to €43,499
- Depreciation +€6,687
up €6,687 (+543,656%), from €1 to €6,688
- Taxes +€2,427
up €2,427 (+56.6%), from €4,285 to €6,712
- Financial charges +€1,652
new in 2025: €1,652
- Other operating charges +€1,156
up €1,156 (+271%), from €427 to €1,584
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 | €29,162 | €87,639 | +€58,477 | +201% |
| Fixed assets | 21/28 | €3,249 | €18,980 | +€15,731 | +484% |
| Tangible fixed assets | 22/27 | €3,249 | €18,980 | +€15,731 | +484% |
| Plant, machinery and equipment | 23 | €3,249 | €2,165 | -€1,083 | -33.3% |
| Leasing and similar rights | 25 | - | €16,815 | +€16,815 | |
| Current assets | 29/58 | €25,913 | €68,659 | +€42,746 | +165% |
| Amounts receivable within one year | 40/41 | €9,558 | €44,325 | +€34,767 | +364% |
| Trade receivables | 40 | €5,153 | €17,624 | +€12,470 | +242% |
| Other amounts receivable | 41 | €4,404 | €26,701 | +€22,297 | +506% |
| Cash at bank and in hand | 54/58 | €16,356 | €24,335 | +€7,979 | +48.8% |
| Total equity and liabilities | 10/49 | €29,162 | €87,639 | +€58,477 | +201% |
| Equity | 10/15 | €16,422 | €42,532 | +€26,110 | +159% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €15,422 | €41,532 | +€26,110 | +169% |
| Distributable reserves | 133 | €15,422 | €41,532 | +€26,110 | +169% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,740 | €45,107 | +€32,367 | +254% |
| Amounts payable after more than one year | 17 | - | €12,322 | +€12,322 | |
| Financial debts | 170/4 | - | €12,322 | +€12,322 | |
| Amounts payable within one year | 42/48 | €12,740 | €32,785 | +€20,045 | +157% |
| Current portion of amounts payable after more than one year | 42 | - | €5,193 | +€5,193 | |
| Trade debts | 44 | €6,737 | €14,921 | +€8,184 | +121% |
| Suppliers | 440/4 | €6,737 | €14,921 | +€8,184 | +121% |
| Taxes, remuneration and social security | 45 | €4,285 | €11,006 | +€6,721 | +157% |
| Taxes | 450/3 | €4,285 | €11,006 | +€6,721 | +157% |
| Other amounts payable | 47/48 | €1,718 | €1,666 | -€52 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1 | €6,688 | +€6,687 | +543,656% |
| Other operating charges | 640/8 | €427 | €1,584 | +€1,156 | +271% |
| Gross operating margin | 9900 | €21,788 | €43,499 | +€21,711 | +99.6% |
| Operating profit (loss) | 9901 | €21,359 | €35,227 | +€13,868 | +64.9% |
| Financial income | 75/76B | €66 | €913 | +€847 | +1,281% |
| Recurring financial income | 75 | €66 | €913 | +€847 | +1,281% |
| Financial charges | 65/66B | - | €1,652 | +€1,652 | |
| Recurring financial charges | 65 | - | €1,652 | +€1,652 | |
| Profit (loss) for the period before taxes | 9903 | €21,426 | €34,488 | +€13,063 | +61.0% |
| Income taxes | 67/77 | €4,285 | €6,712 | +€2,427 | +56.6% |
| Profit (loss) for the period | 9904 | €17,140 | €27,776 | +€10,635 | +62.0% |
| Profit (loss) for the period to be appropriated | 9905 | €17,140 | €27,776 | +€10,635 | +62.0% |
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 14 October 2026 via checked.be.