TOMAHAWK - INVEST: what changed
TOMAHAWK - INVEST
Largest movements
- Current investments +€500,000
new in 2025: €500,000
- Tangible fixed assets +€217,126
up €217,126 (+63.1%), from €344,322 to €561,448
of which Land and buildings: +€224,995
- Receivables within one year -€61,148
down €61,148 (-94.3%), from €64,868 to €3,720
of which Other amounts receivable: -€54,103
- Receivables after one year -€15,000
down €15,000 (-26.9%), from €55,735 to €40,735
- Cash -€13,016
down €13,016 (-11.2%), from €115,936 to €102,920
- Profit (loss) carried forward +€315,296
up €315,296 (+104%), from €303,194 to €618,490
- Reserves +€250,000
up €250,000 (+8,975%), from €2,786 to €252,786
of which Distributable reserves: +€250,000
- Debts after one year -€195,610
down €195,610 (-89.9%), from €217,692 to €22,082
- Tax, wage and social debts +€151,870
up €151,870 (+8,392%), from €1,810 to €153,679
- Other debts +€117,233
up €117,233 (+1,954%), from €6,000 to €123,233
- Gross operating margin +€1.3m
up €1.3m (+1,951%), from €65,495 to €1.3m
- Taxes +€327,548
up €327,548 (+27,722%), from €1,182 to €328,730
- Financial income -€246,509
down €246,509 (-98.6%), from €249,952 to €3,442
of which Non-recurring financial income: -€249,351
- Depreciation +€74,265
up €74,265 (+165%), from €45,128 to €119,393
Change in the result, 2023 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
A cash bridge needs two consecutive financial years. One year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €582,295 | €1,214,116 | +€631,822 | +109% |
| Fixed assets | 21/28 | €344,322 | €561,448 | +€217,126 | +63.1% |
| Tangible fixed assets | 22/27 | €344,322 | €561,448 | +€217,126 | +63.1% |
| Land and buildings | 22 | €267,750 | €492,744 | +€224,995 | +84.0% |
| Plant, machinery and equipment | 23 | €8,809 | €13,739 | +€4,930 | +56.0% |
| Furniture and vehicles | 24 | €25,587 | €29,858 | +€4,271 | +16.7% |
| Leasing and similar rights | 25 | €42,176 | €25,106 | -€17,069 | -40.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €237,973 | €652,668 | +€414,695 | +174% |
| Amounts receivable after more than one year | 29 | €55,735 | €40,735 | -€15,000 | -26.9% |
| Other amounts receivable | 291 | €55,735 | €40,735 | -€15,000 | -26.9% |
| Amounts receivable within one year | 40/41 | €64,868 | €3,720 | -€61,148 | -94.3% |
| Trade receivables | 40 | €9,697 | €2,652 | -€7,045 | -72.7% |
| Other amounts receivable | 41 | €55,170 | €1,068 | -€54,103 | -98.1% |
| Current investments | 50/53 | - | €500,000 | +€500,000 | |
| Cash at bank and in hand | 54/58 | €115,936 | €102,920 | -€13,016 | -11.2% |
| Deferred charges and accrued income | 490/1 | €1,434 | €5,293 | +€3,859 | +269% |
| Total equity and liabilities | 10/49 | €582,295 | €1,214,116 | +€631,822 | +109% |
| Equity | 10/15 | €324,530 | €889,826 | +€565,296 | +174% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €2,786 | €252,786 | +€250,000 | +8,975% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,786 | €252,786 | +€250,000 | +8,975% |
| Profit (loss) carried forward | 14 | €303,194 | €618,490 | +€315,296 | +104% |
| Amounts payable | 17/49 | €257,765 | €324,290 | +€66,525 | +25.8% |
| Amounts payable after more than one year | 17 | €217,692 | €22,082 | -€195,610 | -89.9% |
| Financial debts | 170/4 | €217,692 | €22,082 | -€195,610 | -89.9% |
| Amounts payable within one year | 42/48 | €39,820 | €302,209 | +€262,389 | +659% |
| Current portion of amounts payable after more than one year | 42 | €28,428 | €15,705 | -€12,722 | -44.8% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,583 | €9,591 | +€6,009 | +168% |
| Suppliers | 440/4 | €3,583 | €9,591 | +€6,009 | +168% |
| Taxes, remuneration and social security | 45 | €1,810 | €153,679 | +€151,870 | +8,392% |
| Taxes | 450/3 | €1,810 | €153,679 | +€151,870 | +8,392% |
| Other amounts payable | 47/48 | €6,000 | €123,233 | +€117,233 | +1,954% |
| Accrued charges and deferred income | 492/3 | €254 | €0 | -€254 | -100% |
| Non-recurring operating income | 76A | - | €1,279,414 | +€1.3m | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,128 | €119,393 | +€74,265 | +165% |
| Other operating charges | 640/8 | €8,621 | €13,942 | +€5,321 | +61.7% |
| Gross operating margin | 9900 | €65,495 | €1,343,079 | +€1.3m | +1,951% |
| Operating profit (loss) | 9901 | €11,745 | €1,209,744 | +€1.2m | +10,200% |
| Financial income | 75/76B | €249,952 | €3,442 | -€246,509 | -98.6% |
| Recurring financial income | 75 | €601 | €3,442 | +€2,841 | +473% |
| Non-recurring financial income | 76B | €249,351 | €0 | -€249,351 | -100% |
| Financial charges | 65/66B | €20,388 | €19,160 | -€1,229 | -6.0% |
| Recurring financial charges | 65 | €20,388 | €19,160 | -€1,229 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | €241,308 | €1,194,026 | +€952,718 | +395% |
| Income taxes | 67/77 | €1,182 | €328,730 | +€327,548 | +27,722% |
| Profit (loss) for the period | 9904 | €240,127 | €865,296 | +€625,170 | +260% |
| Profit (loss) for the period to be appropriated | 9905 | €240,127 | €865,296 | +€625,170 | +260% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.