TOBAGOS: 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.
TOBAGOS
Largest movements
- Stocks and contracts +€56,334
up €56,334 (+4.6%), from €1.2m to €1.3m
- Cash -€23,506
down €23,506 (-26.0%), from €90,288 to €66,782
mainly Stocks and contracts (-€56,334) and Net result for the year (-€49,973)
- Profit (loss) carried forward -€49,973
down €49,973 (-28.8%), from -€173,679 to -€223,651
- Accrued charges and deferred income +€47,800
up €47,800 (+84.5%), from €56,550 to €104,350
- Other debts +€29,613
up €29,613 (+4.3%), from €696,782 to €726,395
- Financial charges +€13,739
up €13,739 (+46.7%), from €29,408 to €43,148
- Gross operating margin +€3,448
up €3,448 (+48.5%), from -€7,108 to -€3,660
- Other operating charges +€789
up €789 (+33.2%), from €2,376 to €3,165
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 | €1,316,846 | €1,337,589 | +€20,743 | +1.6% |
| Current assets | 29/58 | €1,316,846 | €1,337,589 | +€20,743 | +1.6% |
| Stocks and contracts in progress | 3 | €1,214,252 | €1,270,586 | +€56,334 | +4.6% |
| Stocks | 30/36 | €1,214,252 | €1,270,586 | +€56,334 | +4.6% |
| Amounts receivable within one year | 40/41 | €12,306 | €221 | -€12,085 | -98.2% |
| Trade receivables | 40 | €9,680 | €0 | -€9,680 | -100.0% |
| Other amounts receivable | 41 | €2,626 | €221 | -€2,405 | -91.6% |
| Cash at bank and in hand | 54/58 | €90,288 | €66,782 | -€23,506 | -26.0% |
| Total equity and liabilities | 10/49 | €1,316,846 | €1,337,589 | +€20,743 | +1.6% |
| Equity | 10/15 | €336,121 | €286,149 | -€49,973 | -14.9% |
| Contributions | 10/11 | €509,800 | €509,800 | = | 0.0% |
| Capital | 10 | €509,800 | €509,800 | = | 0.0% |
| Issued capital | 100 | €509,800 | €509,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€173,679 | -€223,651 | -€49,973 | -28.8% |
| Amounts payable | 17/49 | €980,725 | €1,051,440 | +€70,715 | +7.2% |
| Amounts payable after more than one year | 17 | €219,393 | €219,393 | = | 0.0% |
| Financial debts | 170/4 | €219,393 | €219,393 | = | 0.0% |
| Amounts payable within one year | 42/48 | €704,782 | €727,697 | +€22,915 | +3.3% |
| Trade debts | 44 | €8,000 | €1,271 | -€6,730 | -84.1% |
| Suppliers | 440/4 | €8,000 | €1,271 | -€6,730 | -84.1% |
| Taxes, remuneration and social security | 45 | €0 | €32 | +€32 | |
| Taxes | 450/3 | €0 | €32 | +€32 | |
| Other amounts payable | 47/48 | €696,782 | €726,395 | +€29,613 | +4.3% |
| Accrued charges and deferred income | 492/3 | €56,550 | €104,350 | +€47,800 | +84.5% |
| Other operating charges | 640/8 | €2,376 | €3,165 | +€789 | +33.2% |
| Gross operating margin | 9900 | -€7,108 | -€3,660 | +€3,448 | +48.5% |
| Operating profit (loss) | 9901 | -€9,485 | -€6,825 | +€2,659 | +28.0% |
| Financial charges | 65/66B | €29,408 | €43,148 | +€13,739 | +46.7% |
| Recurring financial charges | 65 | €29,408 | €43,148 | +€13,739 | +46.7% |
| Profit (loss) for the period before taxes | 9903 | -€38,893 | -€49,973 | -€11,080 | -28.5% |
| Profit (loss) for the period | 9904 | -€38,893 | -€49,973 | -€11,080 | -28.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,893 | -€49,973 | -€11,080 | -28.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.