Tower Consulting: 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 Consulting
Largest movements
- Receivables within one year -€26,600
down €26,600 (-27.8%), from €95,788 to €69,189
of which Trade receivables: -€26,942
- Cash -€25,763
down €25,763 (-55.7%), from €46,215 to €20,452
mainly Contributions, distributions and other (-€90,000) and Other debts (-€74,674)
- Tangible fixed assets -€25,262
down €25,262 (-32.6%), from €77,560 to €52,298
of which Furniture and vehicles: -€18,586
- Other debts -€74,674
down €74,674 (-40.4%), from €184,905 to €110,231
- Tax, wage and social debts -€3,293
down €3,293 (-32.2%), from €10,222 to €6,929
- Gross operating margin -€33,236
down €33,236 (-18.6%), from €179,123 to €145,886
- Taxes -€6,956
down €6,956 (-20.7%), from €33,614 to €26,658
- Depreciation -€4,868
down €4,868 (-15.1%), from €32,291 to €27,423
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 | €220,492 | €143,037 | -€77,455 | -35.1% |
| Fixed assets | 21/28 | €77,560 | €52,298 | -€25,262 | -32.6% |
| Tangible fixed assets | 22/27 | €77,560 | €52,298 | -€25,262 | -32.6% |
| Plant, machinery and equipment | 23 | €2,230 | €2,745 | +€516 | +23.1% |
| Furniture and vehicles | 24 | €45,652 | €27,066 | -€18,586 | -40.7% |
| Other tangible fixed assets | 26 | €29,679 | €22,486 | -€7,192 | -24.2% |
| Current assets | 29/58 | €142,932 | €90,739 | -€52,193 | -36.5% |
| Amounts receivable within one year | 40/41 | €95,788 | €69,189 | -€26,600 | -27.8% |
| Trade receivables | 40 | €95,788 | €68,846 | -€26,942 | -28.1% |
| Other amounts receivable | 41 | €0 | €342 | +€342 | |
| Cash at bank and in hand | 54/58 | €46,215 | €20,452 | -€25,763 | -55.7% |
| Deferred charges and accrued income | 490/1 | €928 | €1,098 | +€170 | +18.4% |
| Total equity and liabilities | 10/49 | €220,492 | €143,037 | -€77,455 | -35.1% |
| Equity | 10/15 | €24,739 | €24,917 | +€178 | +0.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €6,139 | €6,317 | +€178 | +2.9% |
| Distributable reserves | 133 | €6,139 | €6,317 | +€178 | +2.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €195,753 | €118,120 | -€77,633 | -39.7% |
| Amounts payable within one year | 42/48 | €195,753 | €118,120 | -€77,633 | -39.7% |
| Financial debts | 43 | - | €357 | +€357 | |
| Credit institutions | 430/8 | - | €357 | +€357 | |
| Trade debts | 44 | €626 | €602 | -€23 | -3.7% |
| Suppliers | 440/4 | €626 | €602 | -€23 | -3.7% |
| Taxes, remuneration and social security | 45 | €10,222 | €6,929 | -€3,293 | -32.2% |
| Taxes | 450/3 | €10,222 | €6,929 | -€3,293 | -32.2% |
| Other amounts payable | 47/48 | €184,905 | €110,231 | -€74,674 | -40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,291 | €27,423 | -€4,868 | -15.1% |
| Other operating charges | 640/8 | €1,289 | €1,629 | +€340 | +26.4% |
| Gross operating margin | 9900 | €179,123 | €145,886 | -€33,236 | -18.6% |
| Operating profit (loss) | 9901 | €145,543 | €116,834 | -€28,709 | -19.7% |
| Financial income | 75/76B | €73 | €32 | -€42 | -56.6% |
| Recurring financial income | 75 | €73 | €32 | -€42 | -56.6% |
| Financial charges | 65/66B | €14 | €30 | +€16 | +114.6% |
| Recurring financial charges | 65 | €14 | €30 | +€16 | +114.6% |
| Profit (loss) for the period before taxes | 9903 | €145,602 | €116,836 | -€28,766 | -19.8% |
| Income taxes | 67/77 | €33,614 | €26,658 | -€6,956 | -20.7% |
| Profit (loss) for the period | 9904 | €111,988 | €90,178 | -€21,810 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €111,988 | €90,178 | -€21,810 | -19.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.