TOUGH CROWD: 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.
TOUGH CROWD
Largest movements
- Cash -€42,935
down €42,935 (-69.7%), from €61,604 to €18,669
mainly Other debts (-€47,622) and Deferred charges and accrued income (-€21,378)
- Receivables within one year -€32,423
down €32,423 (-48.9%), from €66,323 to €33,900
of which Trade receivables: -€33,233
- Deferred charges and accrued income +€21,378
up €21,378 (+696%), from €3,073 to €24,451
- Tangible fixed assets +€8,618
up €8,618 (+47.1%), from €18,289 to €26,906
of which Other tangible fixed assets: +€10,010
- Other debts -€47,622
down €47,622 (-57.8%), from €82,361 to €34,739
- Reserves +€2,146
up €2,146 (+3.1%), from €68,585 to €70,732
- Trade debts +€2,078
up €2,078 (+15.6%), from €13,351 to €15,429
- Gross operating margin -€60,800
down €60,800 (-69.5%), from €87,471 to €26,670
- Taxes -€12,998
down €12,998 (-84.4%), from €15,409 to €2,410
- Financial income +€2,144
up €2,144 (+2,382,278%), from €0 to €2,144
- Write-downs +€2,112
new in 2025: €2,112
- Financial charges +€1,639
up €1,639 (+528%), from €310 to €1,949
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 | €184,389 | €140,009 | -€44,380 | -24.1% |
| Fixed assets | 21/28 | €18,389 | €27,006 | +€8,618 | +46.9% |
| Tangible fixed assets | 22/27 | €18,289 | €26,906 | +€8,618 | +47.1% |
| Plant, machinery and equipment | 23 | - | €1,769 | +€1,769 | |
| Furniture and vehicles | 24 | €7,758 | €2,968 | -€4,790 | -61.7% |
| Leasing and similar rights | 25 | - | €1,629 | +€1,629 | |
| Other tangible fixed assets | 26 | €10,531 | €20,541 | +€10,010 | +95.1% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €166,000 | €113,002 | -€52,998 | -31.9% |
| Stocks and contracts in progress | 3 | - | €982 | +€982 | |
| Stocks | 30/36 | - | €982 | +€982 | |
| Amounts receivable within one year | 40/41 | €66,323 | €33,900 | -€32,423 | -48.9% |
| Trade receivables | 40 | €61,305 | €28,073 | -€33,233 | -54.2% |
| Other amounts receivable | 41 | €5,018 | €5,827 | +€810 | +16.1% |
| Current investments | 50/53 | €35,000 | €35,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €61,604 | €18,669 | -€42,935 | -69.7% |
| Deferred charges and accrued income | 490/1 | €3,073 | €24,451 | +€21,378 | +696% |
| Total equity and liabilities | 10/49 | €184,389 | €140,009 | -€44,380 | -24.1% |
| Equity | 10/15 | €87,185 | €89,332 | +€2,146 | +2.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €68,585 | €70,732 | +€2,146 | +3.1% |
| Distributable reserves | 133 | €68,585 | €70,732 | +€2,146 | +3.1% |
| Amounts payable | 17/49 | €97,204 | €50,677 | -€46,527 | -47.9% |
| Amounts payable within one year | 42/48 | €96,651 | €50,168 | -€46,483 | -48.1% |
| Financial debts | 43 | €939 | - | -€939 | |
| Credit institutions | 430/8 | €939 | - | -€939 | |
| Trade debts | 44 | €13,351 | €15,429 | +€2,078 | +15.6% |
| Suppliers | 440/4 | €13,351 | €15,429 | +€2,078 | +15.6% |
| Other amounts payable | 47/48 | €82,361 | €34,739 | -€47,622 | -57.8% |
| Accrued charges and deferred income | 492/3 | €553 | €509 | -€44 | -7.9% |
| Non-recurring operating income | 76A | - | €3,871 | +€3,871 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,433 | €4,807 | -€1,626 | -25.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,112 | +€2,112 | |
| Other operating charges | 640/8 | €526 | €599 | +€73 | +13.9% |
| Gross operating margin | 9900 | €87,471 | €26,670 | -€60,800 | -69.5% |
| Operating profit (loss) | 9901 | €80,512 | €19,153 | -€61,359 | -76.2% |
| Financial income | 75/76B | €0 | €2,144 | +€2,144 | +2,382,278% |
| Recurring financial income | 75 | €0 | €2,144 | +€2,144 | +2,382,278% |
| Financial charges | 65/66B | €310 | €1,949 | +€1,639 | +528% |
| Recurring financial charges | 65 | €310 | €1,949 | +€1,639 | +528% |
| Profit (loss) for the period before taxes | 9903 | €80,202 | €19,348 | -€60,854 | -75.9% |
| Income taxes | 67/77 | €15,409 | €2,410 | -€12,998 | -84.4% |
| Profit (loss) for the period | 9904 | €64,793 | €16,937 | -€47,856 | -73.9% |
| Profit (loss) for the period to be appropriated | 9905 | €64,793 | €16,937 | -€47,856 | -73.9% |
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 23 October 2026 via checked.be.