TOMW@TT: 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.
What changed
TOMW@TT
NACE 35.150, Electricity, gas, steam and air conditioning supply
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€751,736
2024 · €4.7m-€4.0m
Equity
€3.5m
2024 · €2.7m+€751,736
Cash
€1.6m
2024 · €2.6m-€1.0m
Balance sheet total
€6.4m
2024 · €7.8m-€1.4m
Largest movements
Assets
- Cash -€1.0m
down €1.0m (-40.1%), from €2.6m to €1.6m
mainly Other debts (-€2.7m) and Current portion of long-term debt (-€901,542)
- Receivables after one year -€314,168
down €314,168 (-80.0%), from €392,608 to €78,440
- Tangible fixed assets -€275,616
down €275,616 (-11.3%), from €2.4m to €2.2m
of which Land and buildings: -€182,293
- Receivables within one year +€187,767
up €187,767 (+8.9%), from €2.1m to €2.3m
of which Other amounts receivable: +€241,705
Equity and liabilities
- Other debts -€2.7m
down €2.7m (-99.8%), from €2.7m to €5,665
- Trade debts +€1.5m
up €1.5m (+312%), from €467,417 to €1.9m
- Current portion of long-term debt -€901,542
down €901,542 (-71.5%), from €1.3m to €359,286
- Reserves +€751,736
up €751,736 (+33.9%), from €2.2m to €3.0m
of which Distributable reserves: +€478,086
Income statement
- Gross operating margin -€7.1m
no longer reported in 2025 (was €7.1m)
- Turnover +€5.3m
new in 2025: €5.3m
- Goods and materials +€3.4m
new in 2025: €3.4m
- Taxes -€1.3m
down €1.3m (-86.9%), from €1.6m to €203,188
- Services and other goods +€232,399
new in 2025: €232,399
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.
Result 2024
€4.7m
Turnover
+€5.3m
Other operating income
+€1,491
Goods and materials
-€3.4m
Services and other goods
-€232,399
Depreciation
-€43,191
Other operating charges
+€9
Other operating items
-€7.1m
Financial income
+€69,460
Financial charges
+€16,159
Taxes
+€1.3m
Result 2025
€751,736
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€353,227
Investment
-€517,920
Financing
-€880,828
Cash 2024
€2.6m
From operations (derived)
+€353,227
Net result for the year
+€751,736
Depreciation
+€793,536
Receivables after one year
+€314,168
Receivables within one year
-€187,767
Deferred charges and accrued income
-€28,776
Trade debts
+€1.5m
Tax, wage and social debts
-€45,915
Other debts
-€2.7m
Investment (derived)
-€517,920
Investment in fixed assets (net)
-€517,920
Financing
-€880,828
Debts after one year
+€20,714
Current portion of long-term debt
-€901,542
Cash 2025
€1.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,803,109 | €6,384,347 | -€1.4m | -18.2% |
| Fixed assets | 21/28 | €2,438,583 | €2,162,967 | -€275,616 | -11.3% |
| Tangible fixed assets | 22/27 | €2,437,203 | €2,161,587 | -€275,616 | -11.3% |
| Land and buildings | 22 | €767,330 | €585,037 | -€182,293 | -23.8% |
| Plant, machinery and equipment | 23 | €1,645,546 | €1,576,550 | -€68,996 | -4.2% |
| Furniture and vehicles | 24 | €24,327 | €0 | -€24,327 | -100% |
| Financial fixed assets | 28 | €1,380 | €1,380 | = | 0.0% |
| Affiliated companies | 280/1 | - | €0 | = | |
| Participating interests | 280 | - | €0 | = | |
| Other financial fixed assets | 284/8 | - | €1,380 | +€1,380 | |
| Shares | 284 | - | €1,240 | +€1,240 | |
| Amounts receivable and cash guarantees | 285/8 | - | €140 | +€140 | |
| Current assets | 29/58 | €5,364,526 | €4,221,380 | -€1.1m | -21.3% |
| Amounts receivable after more than one year | 29 | €392,608 | €78,440 | -€314,168 | -80.0% |
| Other amounts receivable | 291 | €392,608 | €78,440 | -€314,168 | -80.0% |
| Stocks and contracts in progress | 3 | - | €0 | = | |
| Amounts receivable within one year | 40/41 | €2,113,710 | €2,301,477 | +€187,767 | +8.9% |
| Trade receivables | 40 | €1,614,731 | €1,560,793 | -€53,938 | -3.3% |
| Other amounts receivable | 41 | €498,979 | €740,684 | +€241,705 | +48.4% |
| Current investments | 50/53 | €248,000 | €248,000 | = | 0.0% |
| Other investments | 51/53 | - | €248,000 | +€248,000 | |
| Cash at bank and in hand | 54/58 | €2,609,884 | €1,564,364 | -€1.0m | -40.1% |
| Deferred charges and accrued income | 490/1 | €324 | €29,099 | +€28,776 | +8,888% |
| Total equity and liabilities | 10/49 | €7,803,109 | €6,384,347 | -€1.4m | -18.2% |
| Equity | 10/15 | €2,737,233 | €3,488,969 | +€751,736 | +27.5% |
| Contributions | 10/11 | €519,000 | €519,000 | = | 0.0% |
| Reserves | 13 | €2,218,233 | €2,969,969 | +€751,736 | +33.9% |
| Tax-exempt reserves | 132 | €999,875 | €1,273,525 | +€273,650 | +27.4% |
| Distributable reserves | 133 | €1,218,358 | €1,696,444 | +€478,086 | +39.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €5,065,876 | €2,895,378 | -€2.2m | -42.8% |
| Amounts payable after more than one year | 17 | €279,286 | €300,000 | +€20,714 | +7.4% |
| Financial debts | 170/4 | €279,286 | €300,000 | +€20,714 | +7.4% |
| Credit institutions | 173 | - | €300,000 | +€300,000 | |
| Amounts payable within one year | 42/48 | €4,786,591 | €2,595,378 | -€2.2m | -45.8% |
| Current portion of amounts payable after more than one year | 42 | €1,260,828 | €359,286 | -€901,542 | -71.5% |
| Trade debts | 44 | €467,417 | €1,923,846 | +€1.5m | +312% |
| Suppliers | 440/4 | €467,417 | €1,923,846 | +€1.5m | +312% |
| Taxes, remuneration and social security | 45 | €352,497 | €306,582 | -€45,915 | -13.0% |
| Taxes | 450/3 | €352,497 | €306,582 | -€45,915 | -13.0% |
| Other amounts payable | 47/48 | €2,705,849 | €5,665 | -€2.7m | -99.8% |
| Operating income | 70/76A | - | €5,316,309 | +€5.3m | |
| Turnover | 70 | - | €5,314,818 | +€5.3m | |
| Other operating income | 74 | - | €1,491 | +€1,491 | |
| Operating charges | 60/66A | - | €4,408,893 | +€4.4m | |
| Goods for resale, raw materials and consumables | 60 | - | €3,371,147 | +€3.4m | |
| Purchases | 600/8 | - | €3,371,147 | +€3.4m | |
| Services and other goods | 61 | - | €232,399 | +€232,399 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750,345 | €793,536 | +€43,191 | +5.8% |
| Other operating charges | 640/8 | €11,820 | €11,811 | -€9 | -0.1% |
| Gross operating margin | 9900 | €7,057,276 | - | -€7.1m | |
| Operating profit (loss) | 9901 | €6,295,111 | €907,416 | -€5.4m | -85.6% |
| Financial income | 75/76B | €2,175 | €71,635 | +€69,460 | +3,194% |
| Recurring financial income | 75 | €2,175 | €71,635 | +€69,460 | +3,194% |
| Income from current assets | 751 | - | €41,559 | +€41,559 | |
| Other financial income | 752/9 | - | €30,076 | +€30,076 | |
| Financial charges | 65/66B | €40,285 | €24,126 | -€16,159 | -40.1% |
| Recurring financial charges | 65 | €40,285 | €24,126 | -€16,159 | -40.1% |
| Debt charges | 650 | - | €24,126 | +€24,126 | |
| Other financial charges | 652/9 | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €6,257,001 | €954,925 | -€5.3m | -84.7% |
| Income taxes | 67/77 | €1,550,447 | €203,188 | -€1.3m | -86.9% |
| Taxes | 670/3 | - | €203,188 | +€203,188 | |
| Profit (loss) for the period | 9904 | €4,706,554 | €751,736 | -€4.0m | -84.0% |
| Transfer to tax-exempt reserves | 689 | €999,875 | €273,650 | -€726,225 | -72.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,706,679 | €478,086 | -€3.2m | -87.1% |
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 24 October 2026 via checked.be.