TO-bureau: 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.
TO-bureau
Largest movements
- Current investments -€80,000
down €80,000 (-93.0%), from €86,021 to €6,021
- Cash +€57,992
up €57,992 (+215%), from €26,938 to €84,930
mainly Current investments (+€80,000) and Net result for the year (+€42,461)
- Tangible fixed assets +€50,318
up €50,318 (+1,464%), from €3,438 to €53,756
- Receivables within one year +€10,088
up €10,088 (+98.0%), from €10,298 to €20,386
of which Other amounts receivable: +€9,109
- Deferred charges and accrued income +€1,994
up €1,994 (+59.6%), from €3,348 to €5,342
- Reserves +€42,461
up €42,461 (+35.8%), from €118,676 to €161,137
- Gross operating margin +€23,361
up €23,361 (+61.4%), from €38,027 to €61,389
- Taxes +€6,190
up €6,190 (+61.1%), from €10,125 to €16,315
- Financial income +€2,883
up €2,883 (+648%), from €445 to €3,328
- Depreciation +€2,455
up €2,455 (+110%), from €2,227 to €4,682
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €130,043 | €170,435 | +€40,392 | +31.1% |
| Fixed assets | 21/28 | €3,438 | €53,756 | +€50,318 | +1,464% |
| Intangible fixed assets | 21 | €0 | €0 | -€0 | -22.2% |
| Tangible fixed assets | 22/27 | €3,438 | €53,756 | +€50,318 | +1,464% |
| Furniture and vehicles | 24 | €3,438 | €53,756 | +€50,318 | +1,464% |
| Current assets | 29/58 | €126,605 | €116,678 | -€9,926 | -7.8% |
| Amounts receivable within one year | 40/41 | €10,298 | €20,386 | +€10,088 | +98.0% |
| Trade receivables | 40 | €10,298 | €11,277 | +€979 | +9.5% |
| Other amounts receivable | 41 | - | €9,109 | +€9,109 | |
| Current investments | 50/53 | €86,021 | €6,021 | -€80,000 | -93.0% |
| Cash at bank and in hand | 54/58 | €26,938 | €84,930 | +€57,992 | +215% |
| Deferred charges and accrued income | 490/1 | €3,348 | €5,342 | +€1,994 | +59.6% |
| Total equity and liabilities | 10/49 | €130,043 | €170,435 | +€40,392 | +31.1% |
| Equity | 10/15 | €122,184 | €164,645 | +€42,461 | +34.8% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €118,676 | €161,137 | +€42,461 | +35.8% |
| Distributable reserves | 133 | €118,676 | €161,137 | +€42,461 | +35.8% |
| Profit (loss) carried forward | 14 | €7 | €7 | = | 0.0% |
| Amounts payable | 17/49 | €7,859 | €5,790 | -€2,069 | -26.3% |
| Amounts payable within one year | 42/48 | €7,859 | €5,753 | -€2,106 | -26.8% |
| Trade debts | 44 | €646 | €43 | -€603 | -93.3% |
| Suppliers | 440/4 | €646 | €43 | -€603 | -93.3% |
| Taxes, remuneration and social security | 45 | €6,473 | €5,316 | -€1,157 | -17.9% |
| Taxes | 450/3 | €6,473 | €5,316 | -€1,157 | -17.9% |
| Other amounts payable | 47/48 | €740 | €393 | -€347 | -46.8% |
| Accrued charges and deferred income | 492/3 | - | €37 | +€37 | |
| Non-recurring operating income | 76A | - | €4,560 | +€4,560 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,227 | €4,682 | +€2,455 | +110% |
| Other operating charges | 640/8 | €1,268 | €1,218 | -€50 | -4.0% |
| Gross operating margin | 9900 | €38,027 | €61,389 | +€23,361 | +61.4% |
| Operating profit (loss) | 9901 | €34,531 | €55,489 | +€20,957 | +60.7% |
| Financial income | 75/76B | €445 | €3,328 | +€2,883 | +648% |
| Recurring financial income | 75 | €445 | €3,328 | +€2,883 | +648% |
| Financial charges | 65/66B | €220 | €40 | -€179 | -81.6% |
| Recurring financial charges | 65 | €220 | €40 | -€179 | -81.6% |
| Non-recurring financial charges | 66B | - | €0 | +€0 | |
| Profit (loss) for the period before taxes | 9903 | €34,756 | €58,776 | +€24,019 | +69.1% |
| Income taxes | 67/77 | €10,125 | €16,315 | +€6,190 | +61.1% |
| Profit (loss) for the period | 9904 | €24,632 | €42,461 | +€17,829 | +72.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,632 | €42,461 | +€17,829 | +72.4% |
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 1 November 2026 via checked.be.