TOWER: 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.
TOWER
Largest movements
- Cash -€71,303
down €71,303 (-83.1%), from €85,805 to €14,502
mainly Tax, wage and social debts (-€48,961) and Investment in fixed assets (net) (-€18,451)
- Tangible fixed assets +€15,276
new in 2025: €15,276
- Tax, wage and social debts -€48,961
down €48,961 (-99.8%), from €49,064 to €103
- Reserves -€7,780
down €7,780 (-6.2%), from €125,406 to €117,626
- Gross operating margin -€123,680
down €123,680, from €121,188 to -€2,492
- Taxes -€30,236
no longer reported in 2025 (was €30,236)
- Depreciation +€3,175
new in 2025: €3,175
- Other operating charges +€1,223
up €1,223 (+179%), from €683 to €1,906
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 | €193,494 | €137,061 | -€56,434 | -29.2% |
| Fixed assets | 21/28 | €2,000 | €17,276 | +€15,276 | +764% |
| Tangible fixed assets | 22/27 | - | €15,276 | +€15,276 | |
| Furniture and vehicles | 24 | - | €15,276 | +€15,276 | |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €191,494 | €119,785 | -€71,710 | -37.4% |
| Amounts receivable within one year | 40/41 | €105,690 | €105,283 | -€406 | -0.4% |
| Trade receivables | 40 | €99,020 | €99,020 | = | 0.0% |
| Other amounts receivable | 41 | €6,670 | €6,264 | -€406 | -6.1% |
| Cash at bank and in hand | 54/58 | €85,805 | €14,502 | -€71,303 | -83.1% |
| Total equity and liabilities | 10/49 | €193,494 | €137,061 | -€56,434 | -29.2% |
| Equity | 10/15 | €143,956 | €136,176 | -€7,780 | -5.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €125,406 | €117,626 | -€7,780 | -6.2% |
| Distributable reserves | 133 | €125,406 | €117,626 | -€7,780 | -6.2% |
| Amounts payable | 17/49 | €49,538 | €885 | -€48,654 | -98.2% |
| Amounts payable within one year | 42/48 | €49,538 | €885 | -€48,654 | -98.2% |
| Trade debts | 44 | - | €408 | +€408 | |
| Suppliers | 440/4 | - | €408 | +€408 | |
| Taxes, remuneration and social security | 45 | €49,064 | €103 | -€48,961 | -99.8% |
| Taxes | 450/3 | €49,064 | €103 | -€48,961 | -99.8% |
| Other amounts payable | 47/48 | €474 | €374 | -€100 | -21.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,175 | +€3,175 | |
| Other operating charges | 640/8 | €683 | €1,906 | +€1,223 | +179% |
| Gross operating margin | 9900 | €121,188 | -€2,492 | -€123,680 | |
| Operating profit (loss) | 9901 | €120,505 | -€7,572 | -€128,078 | |
| Financial charges | 65/66B | €182 | €208 | +€25 | +13.8% |
| Recurring financial charges | 65 | €182 | €208 | +€25 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | €120,323 | -€7,780 | -€128,103 | |
| Income taxes | 67/77 | €30,236 | - | -€30,236 | |
| Profit (loss) for the period | 9904 | €90,087 | -€7,780 | -€97,867 | |
| Profit (loss) for the period to be appropriated | 9905 | €90,087 | -€7,780 | -€97,867 |
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 18 October 2026 via checked.be.