TOWER16 HOLDING: 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.
What changed
TOWER16 HOLDING
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€168,035
2024 · €2.1m-€1.9m
Equity
€31.4m
2024 · €31.2m+€167,035
Cash
€701,792
2024 · €594,500+€107,293
Balance sheet total
€33.5m
2024 · €38.8m-€5.3m
Largest movements
Assets
- Current investments -€3.1m
down €3.1m (-84.6%), from €3.7m to €569,410
- Receivables after one year -€2.1m
down €2.1m (-87.9%), from €2.4m to €291,328
- Financial fixed assets -€545,043
down €545,043 (-1.9%), from €29.3m to €28.8m
- Tangible fixed assets +€400,933
up €400,933 (+21.5%), from €1.9m to €2.3m
of which Other tangible fixed assets: +€414,000
Equity and liabilities
- Other debts -€5.2m
down €5.2m (-93.2%), from €5.6m to €378,198
Income statement
- Financial income -€1.4m
down €1.4m (-62.6%), from €2.3m to €849,823
of which Financial income: -€1.3m
- Financial charges +€478,168
up €478,168 (+361%), from €132,521 to €610,690
of which Non-recurring financial charges: +€548,800
- Staff costs +€65,173
up €65,173 (+49.0%), from €133,023 to €198,196
- Taxes -€53,542
down €53,542 (-99.5%), from €53,792 to €250
- Gross operating margin +€16,428
up €16,428 (+10.7%), from €153,465 to €169,893
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.
Result 2024
€2.1m
Gross operating margin
+€16,428
Staff costs
-€65,173
Depreciation
-€194
Other operating charges
+€3,724
Financial income
-€1.4m
Financial charges
-€478,168
Taxes
+€53,542
Result 2025
€168,035
raises the resultlowers the result
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.
From operations
-€2.8m
Investment
+€3.3m
Financing
-€339,134
Cash 2024
€594,500
From operations (derived)
-€2.8m
Net result for the year
+€168,035
Depreciation
+€30,634
Receivables after one year
+€2.1m
Receivables within one year
-€346,978
Deferred charges and accrued income
+€357,055
Smaller working-capital items
-€11,265
Tax, wage and social debts
+€57,540
Other debts
-€5.2m
Investment (derived)
+€3.3m
Investment in fixed assets (net)
+€113,476
Current investments
+€3.1m
Financing
-€339,134
Debts after one year
-€140,004
Current portion of long-term debt
-€198,130
Contributions, distributions and other
-€1,000
Cash 2025
€701,792
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €38,831,877 | €33,526,243 | -€5.3m | -13.7% |
| Fixed assets | 21/28 | €31,168,456 | €31,024,346 | -€144,110 | -0.5% |
| Tangible fixed assets | 22/27 | €1,867,117 | €2,268,049 | +€400,933 | +21.5% |
| Land and buildings | 22 | €412,949 | €408,051 | -€4,898 | -1.2% |
| Plant, machinery and equipment | 23 | €10,897 | €5,639 | -€5,258 | -48.3% |
| Furniture and vehicles | 24 | €396,997 | €394,086 | -€2,912 | -0.7% |
| Other tangible fixed assets | 26 | €1,046,273 | €1,460,273 | +€414,000 | +39.6% |
| Financial fixed assets | 28 | €29,301,339 | €28,756,296 | -€545,043 | -1.9% |
| Current assets | 29/58 | €7,663,421 | €2,501,897 | -€5.2m | -67.4% |
| Amounts receivable after more than one year | 29 | €2,411,328 | €291,328 | -€2.1m | -87.9% |
| Other amounts receivable | 291 | €2,411,328 | €291,328 | -€2.1m | -87.9% |
| Amounts receivable within one year | 40/41 | €554,576 | €901,555 | +€346,978 | +62.6% |
| Trade receivables | 40 | €575 | €232,480 | +€231,905 | +40,326% |
| Other amounts receivable | 41 | €554,001 | €669,075 | +€115,073 | +20.8% |
| Current investments | 50/53 | €3,708,151 | €569,410 | -€3.1m | -84.6% |
| Cash at bank and in hand | 54/58 | €594,500 | €701,792 | +€107,293 | +18.0% |
| Deferred charges and accrued income | 490/1 | €394,867 | €37,813 | -€357,055 | -90.4% |
| Total equity and liabilities | 10/49 | €38,831,877 | €33,526,243 | -€5.3m | -13.7% |
| Equity | 10/15 | €31,208,896 | €31,375,931 | +€167,035 | +0.5% |
| Contributions | 10/11 | €8,337,651 | €8,337,651 | = | 0.0% |
| Reserves | 13 | €22,871,245 | €23,038,280 | +€167,035 | +0.7% |
| Distributable reserves | 133 | €22,871,245 | €23,038,280 | +€167,035 | +0.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €7,622,982 | €2,150,312 | -€5.5m | -71.8% |
| Amounts payable after more than one year | 17 | €1,131,639 | €991,635 | -€140,004 | -12.4% |
| Financial debts | 170/4 | €1,131,639 | €991,635 | -€140,004 | -12.4% |
| Amounts payable within one year | 42/48 | €6,485,043 | €1,155,850 | -€5.3m | -82.2% |
| Current portion of amounts payable after more than one year | 42 | €338,134 | €140,004 | -€198,130 | -58.6% |
| Financial debts | 43 | €540,000 | €540,000 | = | 0.0% |
| Credit institutions | 430/8 | €108,000 | €108,000 | = | 0.0% |
| Other loans | 439 | €432,000 | €432,000 | = | 0.0% |
| Trade debts | 44 | €16,159 | €8,367 | -€7,792 | -48.2% |
| Suppliers | 440/4 | €16,159 | €8,367 | -€7,792 | -48.2% |
| Taxes, remuneration and social security | 45 | €31,742 | €89,282 | +€57,540 | +181% |
| Taxes | 450/3 | €20,368 | €65,870 | +€45,501 | +223% |
| Remuneration and social security | 454/9 | €11,374 | €23,412 | +€12,038 | +106% |
| Other amounts payable | 47/48 | €5,559,008 | €378,198 | -€5.2m | -93.2% |
| Accrued charges and deferred income | 492/3 | €6,299 | €2,827 | -€3,473 | -55.1% |
| Non-recurring operating income | 76A | €87,452 | €131,222 | +€43,770 | +50.1% |
| Remuneration, social security and pensions | 62 | €133,023 | €198,196 | +€65,173 | +49.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,441 | €30,634 | +€194 | +0.6% |
| Other operating charges | 640/8 | €15,635 | €11,911 | -€3,724 | -23.8% |
| Gross operating margin | 9900 | €153,465 | €169,893 | +€16,428 | +10.7% |
| Operating profit (loss) | 9901 | -€25,634 | -€70,848 | -€45,214 | -176% |
| Financial income | 75/76B | €2,273,555 | €849,823 | -€1.4m | -62.6% |
| Recurring financial income | 75 | €2,100,291 | €834,664 | -€1.3m | -60.3% |
| Non-recurring financial income | 76B | €173,264 | €15,159 | -€158,105 | -91.3% |
| Financial charges | 65/66B | €132,521 | €610,690 | +€478,168 | +361% |
| Recurring financial charges | 65 | €132,521 | €61,890 | -€70,632 | -53.3% |
| Non-recurring financial charges | 66B | - | €548,800 | +€548,800 | |
| Profit (loss) for the period before taxes | 9903 | €2,115,399 | €168,285 | -€1.9m | -92.0% |
| Income taxes | 67/77 | €53,792 | €250 | -€53,542 | -99.5% |
| Profit (loss) for the period | 9904 | €2,061,607 | €168,035 | -€1.9m | -91.8% |
| Profit (loss) for the period to be appropriated | 9905 | €2,061,607 | €168,035 | -€1.9m | -91.8% |
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 19 October 2026 via checked.be.