TOAM OG: 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.
TOAM OG
Largest movements
- Tangible fixed assets -€67,838
down €67,838 (-4.6%), from €1.5m to €1.4m
- Receivables within one year -€21,381
down €21,381 (-36.3%), from €58,877 to €37,496
of which Trade receivables: -€21,381
- Deferred charges and accrued income -€16,755
down €16,755 (-44.4%), from €37,730 to €20,975
- Debts after one year -€60,000
down €60,000 (-11.8%), from €510,000 to €450,000
- Current portion of long-term debt -€56,813
down €56,813 (-48.6%), from €116,813 to €60,000
- Tax, wage and social debts -€34,429
down €34,429 (-72.9%), from €47,224 to €12,794
- Reserves +€24,094
up €24,094 (+18.9%), from €127,632 to €151,727
- Trade debts +€18,464
up €18,464 (+450%), from €4,105 to €22,570
- Gross operating margin +€32,416
up €32,416 (+19.5%), from €166,137 to €198,554
- Depreciation +€9,298
up €9,298 (+12.0%), from €77,390 to €86,688
- Financial charges +€7,256
up €7,256 (+19.8%), from €36,599 to €43,855
- Taxes +€3,937
up €3,937 (+90.7%), from €4,342 to €8,280
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 | €1,569,666 | €1,461,850 | -€107,816 | -6.9% |
| Fixed assets | 21/28 | €1,463,632 | €1,395,794 | -€67,838 | -4.6% |
| Tangible fixed assets | 22/27 | €1,463,632 | €1,395,794 | -€67,838 | -4.6% |
| Land and buildings | 22 | €1,463,632 | €1,395,794 | -€67,838 | -4.6% |
| Current assets | 29/58 | €106,034 | €66,056 | -€39,978 | -37.7% |
| Amounts receivable within one year | 40/41 | €58,877 | €37,496 | -€21,381 | -36.3% |
| Trade receivables | 40 | €58,877 | €37,496 | -€21,381 | -36.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €9,427 | €7,585 | -€1,842 | -19.5% |
| Deferred charges and accrued income | 490/1 | €37,730 | €20,975 | -€16,755 | -44.4% |
| Total equity and liabilities | 10/49 | €1,569,666 | €1,461,850 | -€107,816 | -6.9% |
| Equity | 10/15 | €377,632 | €401,727 | +€24,094 | +6.4% |
| Contributions | 10/11 | €250,000 | €250,000 | = | 0.0% |
| Reserves | 13 | €127,632 | €151,727 | +€24,094 | +18.9% |
| Distributable reserves | 133 | €127,632 | €151,727 | +€24,094 | +18.9% |
| Amounts payable | 17/49 | €1,192,034 | €1,060,123 | -€131,910 | -11.1% |
| Amounts payable after more than one year | 17 | €510,000 | €450,000 | -€60,000 | -11.8% |
| Financial debts | 170/4 | €510,000 | €450,000 | -€60,000 | -11.8% |
| Amounts payable within one year | 42/48 | €629,791 | €575,465 | -€54,326 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €116,813 | €60,000 | -€56,813 | -48.6% |
| Trade debts | 44 | €4,105 | €22,570 | +€18,464 | +450% |
| Suppliers | 440/4 | €4,105 | €22,570 | +€18,464 | +450% |
| Taxes, remuneration and social security | 45 | €47,224 | €12,794 | -€34,429 | -72.9% |
| Taxes | 450/3 | €47,224 | €12,794 | -€34,429 | -72.9% |
| Other amounts payable | 47/48 | €461,649 | €480,101 | +€18,451 | +4.0% |
| Accrued charges and deferred income | 492/3 | €52,242 | €34,658 | -€17,584 | -33.7% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €77,390 | €86,688 | +€9,298 | +12.0% |
| Other operating charges | 640/8 | €34,630 | €35,636 | +€1,006 | +2.9% |
| Gross operating margin | 9900 | €166,137 | €198,554 | +€32,416 | +19.5% |
| Operating profit (loss) | 9901 | €54,117 | €76,229 | +€22,112 | +40.9% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €36,599 | €43,855 | +€7,256 | +19.8% |
| Recurring financial charges | 65 | €36,599 | €43,855 | +€7,256 | +19.8% |
| Profit (loss) for the period before taxes | 9903 | €17,518 | €32,374 | +€14,856 | +84.8% |
| Income taxes | 67/77 | €4,342 | €8,280 | +€3,937 | +90.7% |
| Profit (loss) for the period | 9904 | €13,176 | €24,094 | +€10,918 | +82.9% |
| Profit (loss) for the period to be appropriated | 9905 | €13,176 | €24,094 | +€10,918 | +82.9% |
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 21 October 2026 via checked.be.