TOMSTONE: what changed
Two fiscal 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.
TOMSTONE
Largest movements
- Stocks and contracts +€28,892
up €28,892 (+27.2%), from €106,103 to €134,995
of which Stocks: +€25,392
- Tangible fixed assets -€24,277
down €24,277 (-19.6%), from €123,604 to €99,326
of which Leasing and similar rights: -€22,927
- Cash -€19,060
down €19,060 (-83.0%), from €22,964 to €3,904
mainly Stocks and contracts (-€28,892) and Debts after one year (-€18,234)
- Receivables within one year +€15,717
up €15,717 (+24.7%), from €63,506 to €79,223
of which Trade receivables: +€13,413
- Trade debts +€25,702
up €25,702 (+25.3%), from €101,709 to €127,411
- Debts after one year -€18,234
down €18,234 (-22.5%), from €80,983 to €62,749
- Short-term financial debts +€10,000
up €10,000 (+25.0%), from €40,000 to €50,000
- Current portion of long-term debt -€8,134
down €8,134 (-30.8%), from €26,368 to €18,234
- Accrued charges and deferred income -€5,905
down €5,905 (-100.0%), from €5,905 to €0
- Depreciation +€20,833
up €20,833 (+183.4%), from €11,358 to €32,191
- Gross operating margin +€16,020
up €16,020 (+6.6%), from €243,965 to €259,985
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €320,135 | €324,039 | +€3,904 | +1.2% |
| Fixed assets | 21/28 | €123,604 | €99,326 | -€24,277 | -19.6% |
| Tangible fixed assets | 22/27 | €123,604 | €99,326 | -€24,277 | -19.6% |
| Plant, machinery and equipment | 23 | €7,718 | €8,748 | +€1,029 | +13.3% |
| Furniture and vehicles | 24 | €893 | €2,714 | +€1,820 | +203.8% |
| Leasing and similar rights | 25 | €110,792 | €87,865 | -€22,927 | -20.7% |
| Other tangible fixed assets | 26 | €4,200 | €0 | -€4,200 | -100.0% |
| Current assets | 29/58 | €196,531 | €224,713 | +€28,182 | +14.3% |
| Stocks and contracts in progress | 3 | €106,103 | €134,995 | +€28,892 | +27.2% |
| Stocks | 30/36 | €87,903 | €113,295 | +€25,392 | +28.9% |
| Contracts in progress | 37 | €18,200 | €21,700 | +€3,500 | +19.2% |
| Amounts receivable within one year | 40/41 | €63,506 | €79,223 | +€15,717 | +24.7% |
| Trade receivables | 40 | €56,419 | €69,832 | +€13,413 | +23.8% |
| Other amounts receivable | 41 | €7,087 | €9,391 | +€2,304 | +32.5% |
| Current investments | 50/53 | - | €3,002 | +€3,002 | |
| Cash at bank and in hand | 54/58 | €22,964 | €3,904 | -€19,060 | -83.0% |
| Deferred charges and accrued income | 490/1 | €3,958 | €3,589 | -€370 | -9.3% |
| Total equity and liabilities | 10/49 | €320,135 | €324,039 | +€3,904 | +1.2% |
| Equity | 10/15 | €55,689 | €60,651 | +€4,962 | +8.9% |
| Contributions | 10/11 | €72,200 | €72,200 | = | 0.0% |
| Reserves | 13 | €3,720 | €3,720 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,720 | €3,720 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,231 | -€15,269 | +€4,962 | +24.5% |
| Amounts payable | 17/49 | €264,446 | €263,388 | -€1,058 | -0.4% |
| Amounts payable after more than one year | 17 | €80,983 | €62,749 | -€18,234 | -22.5% |
| Financial debts | 170/4 | €80,983 | €62,749 | -€18,234 | -22.5% |
| Amounts payable within one year | 42/48 | €177,558 | €200,639 | +€23,081 | +13.0% |
| Current portion of amounts payable after more than one year | 42 | €26,368 | €18,234 | -€8,134 | -30.8% |
| Financial debts | 43 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Credit institutions | 430/8 | €40,000 | €50,000 | +€10,000 | +25.0% |
| Trade debts | 44 | €101,709 | €127,411 | +€25,702 | +25.3% |
| Suppliers | 440/4 | €101,709 | €127,411 | +€25,702 | +25.3% |
| Taxes, remuneration and social security | 45 | €1,042 | €640 | -€402 | -38.6% |
| Taxes | 450/3 | €1,042 | €640 | -€402 | -38.6% |
| Other amounts payable | 47/48 | €8,439 | €4,354 | -€4,086 | -48.4% |
| Accrued charges and deferred income | 492/3 | €5,905 | €0 | -€5,905 | -100.0% |
| Non-recurring operating income | 76A | €1,000 | €0 | -€1,000 | -100.0% |
| Remuneration, social security and pensions | 62 | €202,821 | €205,300 | +€2,479 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,358 | €32,191 | +€20,833 | +183.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €4,913 | €6,617 | +€1,704 | +34.7% |
| Gross operating margin | 9900 | €243,965 | €259,985 | +€16,020 | +6.6% |
| Operating profit (loss) | 9901 | €24,873 | €15,877 | -€8,996 | -36.2% |
| Financial income | 75/76B | €90 | €62 | -€28 | -31.5% |
| Recurring financial income | 75 | €90 | €62 | -€28 | -31.5% |
| Financial charges | 65/66B | €5,506 | €8,013 | +€2,507 | +45.5% |
| Recurring financial charges | 65 | €5,506 | €8,013 | +€2,507 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | €19,458 | €7,926 | -€11,532 | -59.3% |
| Income taxes | 67/77 | €640 | €2,964 | +€2,324 | +363.0% |
| Profit (loss) for the period | 9904 | €18,818 | €4,962 | -€13,855 | -73.6% |
| Profit (loss) for the period to be appropriated | 9905 | €18,818 | €4,962 | -€13,855 | -73.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.