TOWER BAR: 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.
TOWER BAR
Largest movements
- Cash +€87,560
up €87,560 (+1525.4%), from €5,740 to €93,300
mainly Net result for the year (+€200,610) and Depreciation (+€132,287)
- Tangible fixed assets +€39,535
up €39,535 (+10.1%), from €390,035 to €429,570
of which Furniture and vehicles: +€66,471
- Receivables within one year +€23,371
up €23,371 (+50.7%), from €46,125 to €69,495
- Profit (loss) carried forward +€200,610
up €200,610 (+223.3%), from €89,849 to €290,458
- Other debts -€116,693
down €116,693 (-73.4%), from €159,080 to €42,387
- Trade debts +€49,154
up €49,154 (+179.9%), from €27,327 to €76,481
- Tax, wage and social debts +€44,564
up €44,564 (+217.8%), from €20,465 to €65,029
- Debts after one year -€28,818
down €28,818 (-24.8%), from €115,975 to €87,157
- Gross operating margin +€166,908
up €166,908 (+68.4%), from €243,979 to €410,887
- Taxes +€43,603
up €43,603 (+262.7%), from €16,601 to €60,203
- Depreciation +€37,438
up €37,438 (+39.5%), from €94,849 to €132,287
- Financial charges +€5,426
up €5,426 (+98.2%), from €5,524 to €10,950
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 | €442,599 | €592,831 | +€150,233 | +33.9% |
| Formation expenses | 20 | €699 | €466 | -€233 | -33.3% |
| Fixed assets | 21/28 | €390,035 | €429,570 | +€39,535 | +10.1% |
| Tangible fixed assets | 22/27 | €390,035 | €429,570 | +€39,535 | +10.1% |
| Plant, machinery and equipment | 23 | €333,996 | €310,060 | -€23,935 | -7.2% |
| Furniture and vehicles | 24 | €44,039 | €110,509 | +€66,471 | +150.9% |
| Other tangible fixed assets | 26 | €12,000 | €9,000 | -€3,000 | -25.0% |
| Current assets | 29/58 | €51,865 | €162,795 | +€110,931 | +213.9% |
| Amounts receivable within one year | 40/41 | €46,125 | €69,495 | +€23,371 | +50.7% |
| Trade receivables | 40 | €46,125 | €69,495 | +€23,371 | +50.7% |
| Cash at bank and in hand | 54/58 | €5,740 | €93,300 | +€87,560 | +1525.4% |
| Total equity and liabilities | 10/49 | €442,599 | €592,831 | +€150,233 | +33.9% |
| Equity | 10/15 | €92,349 | €292,958 | +€200,610 | +217.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Capital | 10 | €2,500 | €2,500 | = | 0.0% |
| Issued capital | 100 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,849 | €290,458 | +€200,610 | +223.3% |
| Amounts payable | 17/49 | €350,250 | €299,873 | -€50,377 | -14.4% |
| Amounts payable after more than one year | 17 | €115,975 | €87,157 | -€28,818 | -24.8% |
| Financial debts | 170/4 | €115,975 | €87,157 | -€28,818 | -24.8% |
| Amounts payable within one year | 42/48 | €234,275 | €212,716 | -€21,558 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €27,402 | €28,818 | +€1,416 | +5.2% |
| Trade debts | 44 | €27,327 | €76,481 | +€49,154 | +179.9% |
| Suppliers | 440/4 | €27,327 | €76,481 | +€49,154 | +179.9% |
| Taxes, remuneration and social security | 45 | €20,465 | €65,029 | +€44,564 | +217.8% |
| Taxes | 450/3 | €20,465 | €65,029 | +€44,564 | +217.8% |
| Other amounts payable | 47/48 | €159,080 | €42,387 | -€116,693 | -73.4% |
| Remuneration, social security and pensions | 62 | €5,957 | €6,772 | +€814 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,849 | €132,287 | +€37,438 | +39.5% |
| Other operating charges | 640/8 | €1,596 | €66 | -€1,531 | -95.9% |
| Gross operating margin | 9900 | €243,979 | €410,887 | +€166,908 | +68.4% |
| Operating profit (loss) | 9901 | €141,576 | €271,763 | +€130,187 | +92.0% |
| Financial charges | 65/66B | €5,524 | €10,950 | +€5,426 | +98.2% |
| Recurring financial charges | 65 | €5,524 | €10,950 | +€5,426 | +98.2% |
| Profit (loss) for the period before taxes | 9903 | €136,052 | €260,813 | +€124,760 | +91.7% |
| Income taxes | 67/77 | €16,601 | €60,203 | +€43,603 | +262.7% |
| Profit (loss) for the period | 9904 | €119,452 | €200,610 | +€81,158 | +67.9% |
| Profit (loss) for the period to be appropriated | 9905 | €119,452 | €200,610 | +€81,158 | +67.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.