Tobacon: 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.
Tobacon
Largest movements
- Cash +€113,725
up €113,725 (+243.1%), from €46,787 to €160,511
mainly Other debts (+€112,136) and Net result for the year (+€62,138)
- Current investments -€40,000
down €40,000 (-100.0%), from €40,000 to €0
- Deferred charges and accrued income -€2,048
down €2,048 (-68.4%), from €2,993 to €945
- Other debts +€112,136
up €112,136 (+4217.2%), from €2,659 to €114,795
- Reserves -€70,473
down €70,473 (-100.0%), from €70,473 to €0
- Tax, wage and social debts +€33,234
up €33,234 (+133.2%), from €24,955 to €58,189
of which Taxes: +€33,234
- Trade debts -€2,833
down €2,833 (-70.4%), from €4,025 to €1,192
- Gross operating margin +€25,270
up €25,270 (+42.6%), from €59,372 to €84,643
- Taxes +€5,357
up €5,357 (+47.6%), from €11,243 to €16,601
- Financial charges +€1,169
up €1,169 (+38.6%), from €3,028 to €4,197
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 | €105,112 | €177,176 | +€72,064 | +68.6% |
| Fixed assets | 21/28 | €2,627 | €2,352 | -€275 | -10.5% |
| Tangible fixed assets | 22/27 | €2,627 | €2,352 | -€275 | -10.5% |
| Furniture and vehicles | 24 | €2,627 | €2,352 | -€275 | -10.5% |
| Current assets | 29/58 | €102,485 | €174,824 | +€72,339 | +70.6% |
| Amounts receivable within one year | 40/41 | €12,705 | €13,367 | +€662 | +5.2% |
| Trade receivables | 40 | €12,705 | €13,367 | +€662 | +5.2% |
| Current investments | 50/53 | €40,000 | €0 | -€40,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €46,787 | €160,511 | +€113,725 | +243.1% |
| Deferred charges and accrued income | 490/1 | €2,993 | €945 | -€2,048 | -68.4% |
| Total equity and liabilities | 10/49 | €105,112 | €177,176 | +€72,064 | +68.6% |
| Equity | 10/15 | €73,473 | €3,000 | -€70,473 | -95.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €70,473 | €0 | -€70,473 | -100.0% |
| Distributable reserves | 133 | €70,473 | €0 | -€70,473 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €31,639 | €174,176 | +€142,537 | +450.5% |
| Amounts payable within one year | 42/48 | €31,639 | €174,176 | +€142,537 | +450.5% |
| Trade debts | 44 | €4,025 | €1,192 | -€2,833 | -70.4% |
| Suppliers | 440/4 | €4,025 | €1,192 | -€2,833 | -70.4% |
| Taxes, remuneration and social security | 45 | €24,955 | €58,189 | +€33,234 | +133.2% |
| Taxes | 450/3 | €22,285 | €55,519 | +€33,234 | +149.1% |
| Remuneration and social security | 454/9 | €2,670 | €2,670 | = | 0.0% |
| Other amounts payable | 47/48 | €2,659 | €114,795 | +€112,136 | +4217.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,220 | €1,398 | +€177 | +14.5% |
| Other operating charges | 640/8 | €538 | €599 | +€60 | +11.2% |
| Gross operating margin | 9900 | €59,372 | €84,643 | +€25,270 | +42.6% |
| Operating profit (loss) | 9901 | €57,614 | €82,646 | +€25,033 | +43.4% |
| Financial income | 75/76B | €137 | €289 | +€153 | +111.8% |
| Recurring financial income | 75 | €137 | €289 | +€153 | +111.8% |
| Financial charges | 65/66B | €3,028 | €4,197 | +€1,169 | +38.6% |
| Recurring financial charges | 65 | €3,028 | €4,197 | +€1,169 | +38.6% |
| Profit (loss) for the period before taxes | 9903 | €54,722 | €78,738 | +€24,017 | +43.9% |
| Income taxes | 67/77 | €11,243 | €16,601 | +€5,357 | +47.6% |
| Profit (loss) for the period | 9904 | €43,479 | €62,138 | +€18,659 | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €43,479 | €62,138 | +€18,659 | +42.9% |
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 12 October 2026 via checked.be.