TOMORROW STYLE: 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.
TOMORROW STYLE
Largest movements
- Current investments -€505,479
down €505,479 (-18.7%), from €2.7m to €2.2m
- Cash +€109,489
up €109,489 (+48.4%), from €226,010 to €335,499
mainly Current investments (+€505,479) and Net result for the year (+€140,627)
- Reserves -€323,839
down €323,839 (-10.8%), from €3.0m to €2.7m
- Trade debts -€67,698
down €67,698 (-72.6%), from €93,259 to €25,561
- Gross operating margin -€104,897
down €104,897 (-28.7%), from €365,148 to €260,250
- Financial income +€25,193
up €25,193 (+66.0%), from €38,177 to €63,371
of which Financial income: +€25,425
- Staff costs -€17,601
down €17,601 (-18.4%), from €95,462 to €77,861
- Depreciation +€7,548
up €7,548 (+21.7%), from €34,726 to €42,274
- Taxes -€5,685
down €5,685 (-10.1%), from €56,479 to €50,795
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 | €3,167,687 | €2,757,031 | -€410,656 | -13.0% |
| Fixed assets | 21/28 | €144,541 | €146,816 | +€2,275 | +1.6% |
| Tangible fixed assets | 22/27 | €140,991 | €143,266 | +€2,275 | +1.6% |
| Furniture and vehicles | 24 | €107,296 | €103,147 | -€4,149 | -3.9% |
| Other tangible fixed assets | 26 | €33,695 | €40,119 | +€6,424 | +19.1% |
| Financial fixed assets | 28 | €3,550 | €3,550 | = | 0.0% |
| Current assets | 29/58 | €3,023,145 | €2,610,215 | -€412,931 | -13.7% |
| Amounts receivable within one year | 40/41 | €88,168 | €74,886 | -€13,283 | -15.1% |
| Trade receivables | 40 | €31,833 | €38,416 | +€6,583 | +20.7% |
| Other amounts receivable | 41 | €56,335 | €36,470 | -€19,865 | -35.3% |
| Current investments | 50/53 | €2,703,264 | €2,197,785 | -€505,479 | -18.7% |
| Cash at bank and in hand | 54/58 | €226,010 | €335,499 | +€109,489 | +48.4% |
| Deferred charges and accrued income | 490/1 | €5,702 | €2,045 | -€3,658 | -64.1% |
| Total equity and liabilities | 10/49 | €3,167,687 | €2,757,031 | -€410,656 | -13.0% |
| Equity | 10/15 | €2,994,663 | €2,670,824 | -€323,839 | -10.8% |
| Contributions | 10/11 | €8,060 | €8,060 | = | 0.0% |
| Reserves | 13 | €2,986,603 | €2,662,764 | -€323,839 | -10.8% |
| Distributable reserves | 133 | €2,986,603 | €2,662,764 | -€323,839 | -10.8% |
| Amounts payable | 17/49 | €173,024 | €86,207 | -€86,817 | -50.2% |
| Amounts payable within one year | 42/48 | €173,024 | €86,207 | -€86,817 | -50.2% |
| Trade debts | 44 | €93,259 | €25,561 | -€67,698 | -72.6% |
| Suppliers | 440/4 | €93,259 | €25,561 | -€67,698 | -72.6% |
| Taxes, remuneration and social security | 45 | €79,765 | €60,568 | -€19,197 | -24.1% |
| Taxes | 450/3 | €70,819 | €51,335 | -€19,484 | -27.5% |
| Remuneration and social security | 454/9 | €8,946 | €9,233 | +€286 | +3.2% |
| Other amounts payable | 47/48 | - | €79 | +€79 | |
| Remuneration, social security and pensions | 62 | €95,462 | €77,861 | -€17,601 | -18.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,726 | €42,274 | +€7,548 | +21.7% |
| Other operating charges | 640/8 | €7,391 | €3,672 | -€3,719 | -50.3% |
| Gross operating margin | 9900 | €365,148 | €260,250 | -€104,897 | -28.7% |
| Operating profit (loss) | 9901 | €227,569 | €136,444 | -€91,125 | -40.0% |
| Financial income | 75/76B | €38,177 | €63,371 | +€25,193 | +66.0% |
| Recurring financial income | 75 | €37,150 | €62,576 | +€25,425 | +68.4% |
| Non-recurring financial income | 76B | €1,027 | €795 | -€232 | -22.6% |
| Financial charges | 65/66B | €10,612 | €8,393 | -€2,220 | -20.9% |
| Recurring financial charges | 65 | €9,535 | €8,393 | -€1,142 | -12.0% |
| Non-recurring financial charges | 66B | €1,078 | - | -€1,078 | |
| Profit (loss) for the period before taxes | 9903 | €255,134 | €191,422 | -€63,712 | -25.0% |
| Income taxes | 67/77 | €56,479 | €50,795 | -€5,685 | -10.1% |
| Profit (loss) for the period | 9904 | €198,655 | €140,627 | -€58,028 | -29.2% |
| Profit (loss) for the period to be appropriated | 9905 | €198,655 | €140,627 | -€58,028 | -29.2% |
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 25 October 2026 via checked.be.