TOT'M: 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.
TOT'M
Largest movements
- Stocks and contracts +€15,454
up €15,454 (+15.6%), from €99,172 to €114,626
- Cash +€2,710
up €2,710 (+7.5%), from €36,168 to €38,878
mainly Net result for the year (+€13,457) and Tax, wage and social debts (+€4,702)
- Receivables within one year +€2,015
new in 2025: €2,015
of which Trade receivables: +€1,500
- Reserves +€13,456
up €13,456 (+29.6%), from €45,459 to €58,915
of which Distributable reserves: +€13,456
- Tax, wage and social debts +€4,702
up €4,702 (+17.1%), from €27,488 to €32,190
of which Taxes: +€4,374
- Other debts +€2,545
up €2,545 (+8.5%), from €30,067 to €32,612
- Trade debts -€2,175
down €2,175 (-83.3%), from €2,611 to €436
- Gross operating margin +€38,658
up €38,658 (+54.1%), from €71,394 to €110,052
- Write-downs +€17,753
up €17,753 (+254%), from €6,994 to €24,747
- Financial income -€5,645
down €5,645 (-61.7%), from €9,143 to €3,498
- Taxes +€4,872
up €4,872 (+151%), from €3,219 to €8,091
- Staff costs +€3,293
up €3,293 (+5.7%), from €57,775 to €61,068
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 | €143,923 | €162,451 | +€18,528 | +12.9% |
| Fixed assets | 21/28 | €7,796 | €6,245 | -€1,551 | -19.9% |
| Tangible fixed assets | 22/27 | €7,796 | €6,245 | -€1,551 | -19.9% |
| Plant, machinery and equipment | 23 | €7,796 | €6,245 | -€1,551 | -19.9% |
| Current assets | 29/58 | €136,127 | €156,206 | +€20,079 | +14.8% |
| Stocks and contracts in progress | 3 | €99,172 | €114,626 | +€15,454 | +15.6% |
| Stocks | 30/36 | €99,172 | €114,626 | +€15,454 | +15.6% |
| Amounts receivable within one year | 40/41 | - | €2,015 | +€2,015 | |
| Trade receivables | 40 | - | €1,500 | +€1,500 | |
| Other amounts receivable | 41 | - | €515 | +€515 | |
| Cash at bank and in hand | 54/58 | €36,168 | €38,878 | +€2,710 | +7.5% |
| Deferred charges and accrued income | 490/1 | €787 | €687 | -€100 | -12.7% |
| Total equity and liabilities | 10/49 | €143,923 | €162,451 | +€18,528 | +12.9% |
| Equity | 10/15 | €83,757 | €97,213 | +€13,456 | +16.1% |
| Contributions | 10/11 | €14,000 | €14,000 | = | 0.0% |
| Reserves | 13 | €45,459 | €58,915 | +€13,456 | +29.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €43,599 | €57,055 | +€13,456 | +30.9% |
| Profit (loss) carried forward | 14 | €24,298 | €24,298 | = | 0.0% |
| Amounts payable | 17/49 | €60,166 | €65,238 | +€5,072 | +8.4% |
| Amounts payable within one year | 42/48 | €60,166 | €65,238 | +€5,072 | +8.4% |
| Trade debts | 44 | €2,611 | €436 | -€2,175 | -83.3% |
| Suppliers | 440/4 | €2,611 | €436 | -€2,175 | -83.3% |
| Taxes, remuneration and social security | 45 | €27,488 | €32,190 | +€4,702 | +17.1% |
| Taxes | 450/3 | €15,955 | €20,329 | +€4,374 | +27.4% |
| Remuneration and social security | 454/9 | €11,533 | €11,861 | +€328 | +2.8% |
| Other amounts payable | 47/48 | €30,067 | €32,612 | +€2,545 | +8.5% |
| Remuneration, social security and pensions | 62 | €57,775 | €61,068 | +€3,293 | +5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,246 | €1,550 | -€696 | -31.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €6,994 | €24,747 | +€17,753 | +254% |
| Other operating charges | 640/8 | €666 | €475 | -€191 | -28.7% |
| Non-recurring operating charges | 66A | - | €1,696 | +€1,696 | |
| Gross operating margin | 9900 | €71,394 | €110,052 | +€38,658 | +54.1% |
| Operating profit (loss) | 9901 | €3,713 | €20,516 | +€16,803 | +453% |
| Financial income | 75/76B | €9,143 | €3,498 | -€5,645 | -61.7% |
| Recurring financial income | 75 | €9,143 | €3,498 | -€5,645 | -61.7% |
| Financial charges | 65/66B | €3,401 | €2,466 | -€935 | -27.5% |
| Recurring financial charges | 65 | €3,401 | €2,466 | -€935 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | €9,455 | €21,548 | +€12,093 | +128% |
| Income taxes | 67/77 | €3,219 | €8,091 | +€4,872 | +151% |
| Profit (loss) for the period | 9904 | €6,236 | €13,457 | +€7,221 | +116% |
| Profit (loss) for the period to be appropriated | 9905 | €6,236 | €13,457 | +€7,221 | +116% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.