TOmWARDS: what changed
TOmWARDS
Largest movements
- Receivables within one year +€15,642
up €15,642 (+4,380%), from €357 to €15,999
of which Trade receivables: +€11,308
- Cash -€10,758
down €10,758 (-24.0%), from €44,826 to €34,069
mainly Contributions, distributions and other (-€29,423) and Receivables within one year (-€15,642)
- Tangible fixed assets -€837
down €837 (-19.2%), from €4,363 to €3,526
- Trade debts +€10,737
up €10,737 (+7,762%), from €138 to €10,875
- Tax, wage and social debts -€5,235
down €5,235 (-32.0%), from €16,369 to €11,134
- Other debts -€1,087
down €1,087 (-3.6%), from €30,510 to €29,423
- Depreciation +€1,165
up €1,165 (+145%), from €802 to €1,967
- Taxes +€984
up €984 (+11.5%), from €8,530 to €9,514
- Gross operating margin +€577
up €577 (+1.4%), from €40,415 to €40,993
- Other operating charges -€458
down €458 (-89.4%), from €513 to €54
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 | €49,552 | €53,933 | +€4,381 | +8.8% |
| Fixed assets | 21/28 | €4,363 | €3,526 | -€837 | -19.2% |
| Tangible fixed assets | 22/27 | €4,363 | €3,526 | -€837 | -19.2% |
| Furniture and vehicles | 24 | €4,363 | €3,526 | -€837 | -19.2% |
| Current assets | 29/58 | €45,189 | €50,407 | +€5,218 | +11.5% |
| Amounts receivable within one year | 40/41 | €357 | €15,999 | +€15,642 | +4,380% |
| Trade receivables | 40 | - | €11,308 | +€11,308 | |
| Other amounts receivable | 41 | €357 | €4,691 | +€4,334 | +1,214% |
| Cash at bank and in hand | 54/58 | €44,826 | €34,069 | -€10,758 | -24.0% |
| Deferred charges and accrued income | 490/1 | €6 | €339 | +€333 | +5,954% |
| Total equity and liabilities | 10/49 | €49,552 | €53,933 | +€4,381 | +8.8% |
| Equity | 10/15 | €2,500 | €2,500 | = | 0.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €47,052 | €51,433 | +€4,381 | +9.3% |
| Amounts payable within one year | 42/48 | €47,018 | €51,433 | +€4,415 | +9.4% |
| Trade debts | 44 | €138 | €10,875 | +€10,737 | +7,762% |
| Suppliers | 440/4 | €138 | €10,875 | +€10,737 | +7,762% |
| Taxes, remuneration and social security | 45 | €16,369 | €11,134 | -€5,235 | -32.0% |
| Taxes | 450/3 | €16,369 | €11,134 | -€5,235 | -32.0% |
| Other amounts payable | 47/48 | €30,510 | €29,423 | -€1,087 | -3.6% |
| Accrued charges and deferred income | 492/3 | €34 | €0 | -€34 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €802 | €1,967 | +€1,165 | +145% |
| Other operating charges | 640/8 | €513 | €54 | -€458 | -89.4% |
| Gross operating margin | 9900 | €40,415 | €40,993 | +€577 | +1.4% |
| Operating profit (loss) | 9901 | €39,101 | €38,972 | -€129 | -0.3% |
| Financial income | 75/76B | €11 | €88 | +€77 | +711% |
| Recurring financial income | 75 | €11 | €88 | +€77 | +711% |
| Financial charges | 65/66B | €71 | €122 | +€50 | +70.3% |
| Recurring financial charges | 65 | €71 | €122 | +€50 | +70.3% |
| Profit (loss) for the period before taxes | 9903 | €39,040 | €38,938 | -€103 | -0.3% |
| Income taxes | 67/77 | €8,530 | €9,514 | +€984 | +11.5% |
| Profit (loss) for the period | 9904 | €30,510 | €29,423 | -€1,087 | -3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €30,510 | €29,423 | -€1,087 | -3.6% |
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 3 November 2026 via checked.be.