TOWER FOOD: 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 FOOD
Largest movements
- Tangible fixed assets -€102,796
down €102,796 (-13.5%), from €760,462 to €657,666
of which Other tangible fixed assets: -€99,908
- Receivables within one year -€17,948
down €17,948 (-57.5%), from €31,229 to €13,281
of which Other amounts receivable: -€28,828
- Trade debts -€126,324
down €126,324 (-32.8%), from €384,709 to €258,385
- Debts after one year -€46,839
down €46,839 (-9.6%), from €490,107 to €443,268
of which Financial debts: -€49,039
- Other debts +€44,433
up €44,433 (+69.5%), from €63,940 to €108,373
- Tax, wage and social debts +€21,115
up €21,115 (+101.8%), from €20,751 to €41,866
of which Remuneration and social security: +€14,171
- Profit (loss) carried forward -€16,487
down €16,487 (-12.4%), from -€133,264 to -€149,751
- Gross operating margin +€288,967
up €288,967, from -€71,856 to €217,111
- Staff costs +€167,766
up €167,766 (+757.0%), from €22,162 to €189,928
- Financial income +€80,112
up €80,112 (+160223200.0%), from €0 to €80,112
- Depreciation +€61,505
up €61,505 (+292.0%), from €21,060 to €82,565
- Financial charges +€11,851
up €11,851 (+134.3%), from €8,823 to €20,674
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 | €887,478 | €757,821 | -€129,657 | -14.6% |
| Fixed assets | 21/28 | €810,772 | €708,976 | -€101,796 | -12.6% |
| Tangible fixed assets | 22/27 | €760,462 | €657,666 | -€102,796 | -13.5% |
| Plant, machinery and equipment | 23 | €847 | €630 | -€217 | -25.6% |
| Furniture and vehicles | 24 | €67,542 | €64,871 | -€2,671 | -4.0% |
| Other tangible fixed assets | 26 | €692,073 | €592,165 | -€99,908 | -14.4% |
| Financial fixed assets | 28 | €50,310 | €51,310 | +€1,000 | +2.0% |
| Current assets | 29/58 | €76,706 | €48,845 | -€27,861 | -36.3% |
| Stocks and contracts in progress | 3 | €23,613 | €22,421 | -€1,192 | -5.0% |
| Stocks | 30/36 | €23,613 | €22,421 | -€1,192 | -5.0% |
| Amounts receivable within one year | 40/41 | €31,229 | €13,281 | -€17,948 | -57.5% |
| Trade receivables | 40 | €1,736 | €12,616 | +€10,880 | +626.9% |
| Other amounts receivable | 41 | €29,493 | €665 | -€28,828 | -97.7% |
| Cash at bank and in hand | 54/58 | €21,865 | €13,144 | -€8,721 | -39.9% |
| Total equity and liabilities | 10/49 | €887,478 | €757,821 | -€129,657 | -14.6% |
| Equity | 10/15 | -€132,264 | -€148,751 | -€16,487 | -12.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€133,264 | -€149,751 | -€16,487 | -12.4% |
| Amounts payable | 17/49 | €1,019,741 | €906,572 | -€113,170 | -11.1% |
| Amounts payable after more than one year | 17 | €490,107 | €443,268 | -€46,839 | -9.6% |
| Financial debts | 170/4 | €183,107 | €134,068 | -€49,039 | -26.8% |
| Other amounts payable | 178/9 | €307,000 | €309,200 | +€2,200 | +0.7% |
| Amounts payable within one year | 42/48 | €526,124 | €463,304 | -€62,821 | -11.9% |
| Current portion of amounts payable after more than one year | 42 | €55,989 | €53,808 | -€2,182 | -3.9% |
| Financial debts | 43 | €735 | €872 | +€137 | +18.6% |
| Credit institutions | 430/8 | €735 | €872 | +€137 | +18.6% |
| Trade debts | 44 | €384,709 | €258,385 | -€126,324 | -32.8% |
| Suppliers | 440/4 | €384,709 | €258,385 | -€126,324 | -32.8% |
| Taxes, remuneration and social security | 45 | €20,751 | €41,866 | +€21,115 | +101.8% |
| Taxes | 450/3 | €649 | €7,593 | +€6,945 | +1070.2% |
| Remuneration and social security | 454/9 | €20,102 | €34,273 | +€14,171 | +70.5% |
| Other amounts payable | 47/48 | €63,940 | €108,373 | +€44,433 | +69.5% |
| Accrued charges and deferred income | 492/3 | €3,510 | €0 | -€3,510 | -100.0% |
| Non-recurring operating income | 76A | - | €6,332 | +€6,332 | |
| Remuneration, social security and pensions | 62 | €22,162 | €189,928 | +€167,766 | +757.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,060 | €82,565 | +€61,505 | +292.0% |
| Other operating charges | 640/8 | €9,364 | €20,544 | +€11,180 | +119.4% |
| Gross operating margin | 9900 | -€71,856 | €217,111 | +€288,967 | |
| Operating profit (loss) | 9901 | -€124,441 | -€75,925 | +€48,516 | +39.0% |
| Financial income | 75/76B | €0 | €80,112 | +€80,112 | +160223200.0% |
| Recurring financial income | 75 | €0 | €80,112 | +€80,112 | +160223200.0% |
| Financial charges | 65/66B | €8,823 | €20,674 | +€11,851 | +134.3% |
| Recurring financial charges | 65 | €8,823 | €20,674 | +€11,851 | +134.3% |
| Profit (loss) for the period before taxes | 9903 | -€133,264 | -€16,487 | +€116,777 | +87.6% |
| Profit (loss) for the period | 9904 | -€133,264 | -€16,487 | +€116,777 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€133,264 | -€16,487 | +€116,777 | +87.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.