TOWER: what changed
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
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it 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 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.