TOAR ADVICE: 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.
TOAR ADVICE
Largest movements
- Receivables within one year -€28,819
down €28,819 (-71.9%), from €40,057 to €11,238
of which Trade receivables: -€24,380
- Cash +€13,361
up €13,361 (+250.0%), from €5,345 to €18,706
mainly Receivables within one year (+€28,819) and Net result for the year (+€8,625)
- Tangible fixed assets -€2,231
down €2,231 (-58.4%), from €3,821 to €1,590
of which Plant, machinery and equipment: -€1,390
- Trade debts -€24,434
down €24,434 (-97.9%), from €24,950 to €516
- Reserves +€8,000
up €8,000 (+62.2%), from €12,870 to €20,870
- Tax, wage and social debts -€1,880
down €1,880 (-37.8%), from €4,976 to €3,096
- Profit (loss) carried forward +€625
up €625 (+275.1%), from €227 to €852
- Gross operating margin +€10,389
up €10,389 (+135.8%), from €7,649 to €18,039
- Taxes +€2,845
up €2,845 (+242.8%), from €1,172 to €4,017
- Financial income -€623
down €623 (-97.1%), from €642 to €18
- Financial charges +€380
up €380 (+17.5%), from €2,172 to €2,553
- Other operating charges -€195
down €195 (-23.6%), from €827 to €631
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.
Cash bridge derived
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 | €49,223 | €31,534 | -€17,689 | -35.9% |
| Fixed assets | 21/28 | €3,821 | €1,590 | -€2,231 | -58.4% |
| Tangible fixed assets | 22/27 | €3,821 | €1,590 | -€2,231 | -58.4% |
| Plant, machinery and equipment | 23 | €2,897 | €1,507 | -€1,390 | -48.0% |
| Furniture and vehicles | 24 | €924 | €83 | -€841 | -91.0% |
| Current assets | 29/58 | €45,402 | €29,944 | -€15,458 | -34.0% |
| Amounts receivable within one year | 40/41 | €40,057 | €11,238 | -€28,819 | -71.9% |
| Trade receivables | 40 | €24,380 | - | -€24,380 | |
| Other amounts receivable | 41 | €15,677 | €11,238 | -€4,439 | -28.3% |
| Cash at bank and in hand | 54/58 | €5,345 | €18,706 | +€13,361 | +250.0% |
| Total equity and liabilities | 10/49 | €49,223 | €31,534 | -€17,689 | -35.9% |
| Equity | 10/15 | €19,297 | €27,922 | +€8,625 | +44.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,870 | €20,870 | +€8,000 | +62.2% |
| Distributable reserves | 133 | €12,870 | €20,870 | +€8,000 | +62.2% |
| Profit (loss) carried forward | 14 | €227 | €852 | +€625 | +275.1% |
| Amounts payable | 17/49 | €29,926 | €3,612 | -€26,314 | -87.9% |
| Amounts payable within one year | 42/48 | €29,926 | €3,612 | -€26,314 | -87.9% |
| Trade debts | 44 | €24,950 | €516 | -€24,434 | -97.9% |
| Suppliers | 440/4 | €24,950 | €516 | -€24,434 | -97.9% |
| Taxes, remuneration and social security | 45 | €4,976 | €3,096 | -€1,880 | -37.8% |
| Taxes | 450/3 | €4,976 | €3,096 | -€1,880 | -37.8% |
| Non-recurring operating income | 76A | €850 | - | -€850 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,231 | €2,231 | = | 0.0% |
| Other operating charges | 640/8 | €827 | €631 | -€195 | -23.6% |
| Gross operating margin | 9900 | €7,649 | €18,039 | +€10,389 | +135.8% |
| Operating profit (loss) | 9901 | €4,591 | €15,176 | +€10,585 | +230.5% |
| Financial income | 75/76B | €642 | €18 | -€623 | -97.1% |
| Recurring financial income | 75 | €642 | €18 | -€623 | -97.1% |
| Financial charges | 65/66B | €2,172 | €2,553 | +€380 | +17.5% |
| Recurring financial charges | 65 | €2,172 | €2,553 | +€380 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €3,061 | €12,642 | +€9,581 | +313.0% |
| Income taxes | 67/77 | €1,172 | €4,017 | +€2,845 | +242.8% |
| Profit (loss) for the period | 9904 | €1,889 | €8,625 | +€6,736 | +356.6% |
| Profit (loss) for the period to be appropriated | 9905 | €1,889 | €8,625 | +€6,736 | +356.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.