TOmWARDS: 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.
TOmWARDS
Largest movements
- Receivables within one year +€15,642
up €15,642 (+4,380%), from €357 to €15,999
of which Trade receivables: +€11,308
- Cash -€10,758
down €10,758 (-24.0%), from €44,826 to €34,069
mainly Contributions, distributions and other (-€29,423) and Receivables within one year (-€15,642)
- Tangible fixed assets -€837
down €837 (-19.2%), from €4,363 to €3,526
- Trade debts +€10,737
up €10,737 (+7,762%), from €138 to €10,875
- Tax, wage and social debts -€5,235
down €5,235 (-32.0%), from €16,369 to €11,134
- Other debts -€1,087
down €1,087 (-3.6%), from €30,510 to €29,423
- Depreciation +€1,165
up €1,165 (+145%), from €802 to €1,967
- Taxes +€984
up €984 (+11.5%), from €8,530 to €9,514
- Gross operating margin +€577
up €577 (+1.4%), from €40,415 to €40,993
- Other operating charges -€458
down €458 (-89.4%), from €513 to €54
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 | €49,552 | €53,933 | +€4,381 | +8.8% |
| Fixed assets | 21/28 | €4,363 | €3,526 | -€837 | -19.2% |
| Tangible fixed assets | 22/27 | €4,363 | €3,526 | -€837 | -19.2% |
| Furniture and vehicles | 24 | €4,363 | €3,526 | -€837 | -19.2% |
| Current assets | 29/58 | €45,189 | €50,407 | +€5,218 | +11.5% |
| Amounts receivable within one year | 40/41 | €357 | €15,999 | +€15,642 | +4,380% |
| Trade receivables | 40 | - | €11,308 | +€11,308 | |
| Other amounts receivable | 41 | €357 | €4,691 | +€4,334 | +1,214% |
| Cash at bank and in hand | 54/58 | €44,826 | €34,069 | -€10,758 | -24.0% |
| Deferred charges and accrued income | 490/1 | €6 | €339 | +€333 | +5,954% |
| Total equity and liabilities | 10/49 | €49,552 | €53,933 | +€4,381 | +8.8% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €47,052 | €51,433 | +€4,381 | +9.3% |
| Amounts payable within one year | 42/48 | €47,018 | €51,433 | +€4,415 | +9.4% |
| Trade debts | 44 | €138 | €10,875 | +€10,737 | +7,762% |
| Suppliers | 440/4 | €138 | €10,875 | +€10,737 | +7,762% |
| Taxes, remuneration and social security | 45 | €16,369 | €11,134 | -€5,235 | -32.0% |
| Taxes | 450/3 | €16,369 | €11,134 | -€5,235 | -32.0% |
| Other amounts payable | 47/48 | €30,510 | €29,423 | -€1,087 | -3.6% |
| Accrued charges and deferred income | 492/3 | €34 | €0 | -€34 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €802 | €1,967 | +€1,165 | +145% |
| Other operating charges | 640/8 | €513 | €54 | -€458 | -89.4% |
| Gross operating margin | 9900 | €40,415 | €40,993 | +€577 | +1.4% |
| Operating profit (loss) | 9901 | €39,101 | €38,972 | -€129 | -0.3% |
| Financial income | 75/76B | €11 | €88 | +€77 | +711% |
| Recurring financial income | 75 | €11 | €88 | +€77 | +711% |
| Financial charges | 65/66B | €71 | €122 | +€50 | +70.3% |
| Recurring financial charges | 65 | €71 | €122 | +€50 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | €39,040 | €38,938 | -€103 | -0.3% |
| Income taxes | 67/77 | €8,530 | €9,514 | +€984 | +11.5% |
| Profit (loss) for the period | 9904 | €30,510 | €29,423 | -€1,087 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,510 | €29,423 | -€1,087 | -3.6% |
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 15 October 2026 via checked.be.