TOA: 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.
TOA
Largest movements
- Cash -€26,206
down €26,206 (-85.4%), from €30,685 to €4,479
mainly Tax, wage and social debts (-€19,743) and Receivables within one year (-€15,490)
- Tangible fixed assets -€24,593
down €24,593 (-6.4%), from €383,004 to €358,411
of which Land and buildings: -€21,131
- Receivables within one year +€15,490
up €15,490 (+356.6%), from €4,344 to €19,834
of which Trade receivables: +€8,703
- Tax, wage and social debts -€19,743
down €19,743 (-67.3%), from €29,350 to €9,607
of which Taxes: -€16,140
- Debts after one year -€9,423
down €9,423 (-3.4%), from €274,736 to €265,313
- Reserves -€5,088
down €5,088 (-7.5%), from €67,443 to €62,355
- Gross operating margin -€34,890
down €34,890 (-34.9%), from €99,967 to €65,077
- Taxes -€18,182
down €18,182, from €15,365 to -€2,817
- Depreciation +€17,906
up €17,906 (+157.1%), from €11,396 to €29,302
- Financial charges +€8,160
up €8,160 (+129.9%), from €6,280 to €14,440
- Other operating charges +€1,058
up €1,058 (+72.0%), from €1,469 to €2,527
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €418,368 | €383,191 | -€35,177 | -8.4% |
| Fixed assets | 21/28 | €383,004 | €358,411 | -€24,593 | -6.4% |
| Tangible fixed assets | 22/27 | €383,004 | €358,411 | -€24,593 | -6.4% |
| Land and buildings | 22 | €354,313 | €333,182 | -€21,131 | -6.0% |
| Plant, machinery and equipment | 23 | €12,894 | €13,953 | +€1,059 | +8.2% |
| Furniture and vehicles | 24 | €15,796 | €11,275 | -€4,521 | -28.6% |
| Current assets | 29/58 | €35,364 | €24,780 | -€10,584 | -29.9% |
| Amounts receivable within one year | 40/41 | €4,344 | €19,834 | +€15,490 | +356.6% |
| Trade receivables | 40 | €4,344 | €13,047 | +€8,703 | +200.3% |
| Other amounts receivable | 41 | - | €6,787 | +€6,787 | |
| Cash at bank and in hand | 54/58 | €30,685 | €4,479 | -€26,206 | -85.4% |
| Deferred charges and accrued income | 490/1 | €335 | €466 | +€131 | +39.2% |
| Total equity and liabilities | 10/49 | €418,368 | €383,191 | -€35,177 | -8.4% |
| Equity | 10/15 | €74,443 | €69,355 | -€5,088 | -6.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €67,443 | €62,355 | -€5,088 | -7.5% |
| Distributable reserves | 133 | €67,443 | €62,355 | -€5,088 | -7.5% |
| Amounts payable | 17/49 | €343,925 | €313,835 | -€30,089 | -8.7% |
| Amounts payable after more than one year | 17 | €274,736 | €265,313 | -€9,423 | -3.4% |
| Financial debts | 170/4 | €274,736 | €265,313 | -€9,423 | -3.4% |
| Amounts payable within one year | 42/48 | €69,189 | €48,522 | -€20,666 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €9,014 | €11,797 | +€2,783 | +30.9% |
| Trade debts | 44 | €2,440 | €970 | -€1,470 | -60.2% |
| Suppliers | 440/4 | €2,440 | €970 | -€1,470 | -60.2% |
| Taxes, remuneration and social security | 45 | €29,350 | €9,607 | -€19,743 | -67.3% |
| Taxes | 450/3 | €21,883 | €5,743 | -€16,140 | -73.8% |
| Remuneration and social security | 454/9 | €7,466 | €3,864 | -€3,602 | -48.2% |
| Other amounts payable | 47/48 | €28,384 | €26,147 | -€2,237 | -7.9% |
| Remuneration, social security and pensions | 62 | €26,473 | €27,145 | +€673 | +2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,396 | €29,302 | +€17,906 | +157.1% |
| Other operating charges | 640/8 | €1,469 | €2,527 | +€1,058 | +72.0% |
| Gross operating margin | 9900 | €99,967 | €65,077 | -€34,890 | -34.9% |
| Operating profit (loss) | 9901 | €60,629 | €6,103 | -€54,527 | -89.9% |
| Financial income | 75/76B | €0 | €432 | +€432 | +4318500.0% |
| Recurring financial income | 75 | €0 | €432 | +€432 | +4318500.0% |
| Financial charges | 65/66B | €6,280 | €14,440 | +€8,160 | +129.9% |
| Recurring financial charges | 65 | €6,280 | €14,440 | +€8,160 | +129.9% |
| Profit (loss) for the period before taxes | 9903 | €54,349 | -€7,905 | -€62,254 | |
| Income taxes | 67/77 | €15,365 | -€2,817 | -€18,182 | |
| Profit (loss) for the period | 9904 | €38,984 | -€5,088 | -€44,072 | |
| Profit (loss) for the period to be appropriated | 9905 | €38,984 | -€5,088 | -€44,072 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.