TOMWAC: 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.
TOMWAC
Largest movements
- Receivables within one year -€313,255
down €313,255 (-51.2%), from €612,245 to €298,990
of which Trade receivables: -€325,843
- Advances received -€364,456
no longer reported in 2025 (was €364,456)
- Tax, wage and social debts +€47,801
up €47,801 (+39.8%), from €120,177 to €167,978
- Profit (loss) carried forward +€35,368
up €35,368 (+66.7%), from -€53,020 to -€17,652
- Trade debts -€19,310
down €19,310 (-85.4%), from €22,607 to €3,297
- Debts after one year -€10,318
down €10,318 (-90.3%), from €11,423 to €1,105
- Financial charges -€21,708
down €21,708 (-82.9%), from €26,185 to €4,477
of which Non-recurring financial charges: -€20,971
- Taxes +€17,170
up €17,170 (+55.9%), from €30,690 to €47,860
- Gross operating margin +€5,764
up €5,764 (+6.2%), from €92,638 to €98,403
- Financial income +€5,093
up €5,093 (+46.7%), from €10,902 to €15,995
- Other operating charges -€3,638
down €3,638 (-55.1%), from €6,602 to €2,964
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.
Cash bridge derived
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 | €642,389 | €325,717 | -€316,673 | -49.3% |
| Fixed assets | 21/28 | €30,095 | €25,205 | -€4,890 | -16.2% |
| Tangible fixed assets | 22/27 | €30,095 | €25,205 | -€4,890 | -16.2% |
| Furniture and vehicles | 24 | €20,274 | €16,313 | -€3,961 | -19.5% |
| Other tangible fixed assets | 26 | €9,821 | €8,892 | -€929 | -9.5% |
| Current assets | 29/58 | €612,294 | €300,512 | -€311,782 | -50.9% |
| Amounts receivable within one year | 40/41 | €612,245 | €298,990 | -€313,255 | -51.2% |
| Trade receivables | 40 | €344,634 | €18,791 | -€325,843 | -94.5% |
| Other amounts receivable | 41 | €267,611 | €280,198 | +€12,587 | +4.7% |
| Cash at bank and in hand | 54/58 | €49 | €20 | -€29 | -58.8% |
| Deferred charges and accrued income | 490/1 | - | €1,502 | +€1,502 | |
| Total equity and liabilities | 10/49 | €642,389 | €325,717 | -€316,673 | -49.3% |
| Equity | 10/15 | €82,650 | €118,019 | +€35,368 | +42.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €129,471 | €129,471 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €14,382 | €14,382 | = | 0.0% |
| Distributable reserves | 133 | €113,229 | €113,229 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€53,020 | -€17,652 | +€35,368 | +66.7% |
| Amounts payable | 17/49 | €559,739 | €207,698 | -€352,041 | -62.9% |
| Amounts payable after more than one year | 17 | €11,423 | €1,105 | -€10,318 | -90.3% |
| Financial debts | 170/4 | €11,423 | €1,105 | -€10,318 | -90.3% |
| Amounts payable within one year | 42/48 | €548,317 | €206,593 | -€341,723 | -62.3% |
| Current portion of amounts payable after more than one year | 42 | €16,077 | €10,318 | -€5,759 | -35.8% |
| Financial debts | 43 | €25,000 | €25,000 | = | 0.0% |
| Credit institutions | 430/8 | €25,000 | €25,000 | = | 0.0% |
| Trade debts | 44 | €22,607 | €3,297 | -€19,310 | -85.4% |
| Suppliers | 440/4 | €22,607 | €3,297 | -€19,310 | -85.4% |
| Advances received on contracts in progress | 46 | €364,456 | - | -€364,456 | |
| Taxes, remuneration and social security | 45 | €120,177 | €167,978 | +€47,801 | +39.8% |
| Taxes | 450/3 | €120,177 | €167,978 | +€47,801 | +39.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,625 | €7,890 | +€265 | +3.5% |
| Other operating charges | 640/8 | €6,602 | €2,964 | -€3,638 | -55.1% |
| Non-recurring operating charges | 66A | - | €15,837 | +€15,837 | |
| Gross operating margin | 9900 | €92,638 | €98,403 | +€5,764 | +6.2% |
| Operating profit (loss) | 9901 | €78,411 | €71,711 | -€6,700 | -8.5% |
| Financial income | 75/76B | €10,902 | €15,995 | +€5,093 | +46.7% |
| Recurring financial income | 75 | €10,902 | €15,995 | +€5,093 | +46.7% |
| Financial charges | 65/66B | €26,185 | €4,477 | -€21,708 | -82.9% |
| Recurring financial charges | 65 | €5,214 | €4,477 | -€737 | -14.1% |
| Non-recurring financial charges | 66B | €20,971 | - | -€20,971 | |
| Profit (loss) for the period before taxes | 9903 | €63,127 | €83,229 | +€20,101 | +31.8% |
| Income taxes | 67/77 | €30,690 | €47,860 | +€17,170 | +55.9% |
| Profit (loss) for the period | 9904 | €32,438 | €35,368 | +€2,931 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,438 | €35,368 | +€2,931 | +9.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.