TOBAT CONSTRUCT: 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.
TOBAT CONSTRUCT
Largest movements
- Tangible fixed assets -€170,994
down €170,994 (-14.3%), from €1.2m to €1.0m
of which Land and buildings: -€135,518
- Profit (loss) carried forward -€133,163
down €133,163, from €6,223 to -€126,940
- Debts after one year -€89,354
down €89,354 (-12.1%), from €739,777 to €650,423
- Other debts +€71,391
up €71,391 (+21.4%), from €333,832 to €405,223
- Gross operating margin -€93,708
down €93,708, from €66,275 to -€27,434
- Turnover -€66,134
down €66,134 (-56.0%), from €118,064 to €51,930
- Purchases and services +€64,788
up €64,788 (+125%), from €51,790 to €116,578
- Financial charges +€9,851
up €9,851 (+56.5%), from €17,445 to €27,296
- Depreciation +€4,179
up €4,179 (+6.1%), from €68,772 to €72,951
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 | €1,197,206 | €1,038,017 | -€159,189 | -13.3% |
| Fixed assets | 21/28 | €1,193,725 | €1,022,731 | -€170,994 | -14.3% |
| Tangible fixed assets | 22/27 | €1,193,725 | €1,022,731 | -€170,994 | -14.3% |
| Land and buildings | 22 | €1,031,436 | €895,918 | -€135,518 | -13.1% |
| Plant, machinery and equipment | 23 | €162,289 | €126,813 | -€35,476 | -21.9% |
| Current assets | 29/58 | €3,481 | €15,286 | +€11,805 | +339% |
| Amounts receivable within one year | 40/41 | - | €3,227 | +€3,227 | |
| Other amounts receivable | 41 | - | €3,227 | +€3,227 | |
| Cash at bank and in hand | 54/58 | €3,481 | €12,059 | +€8,578 | +246% |
| Total equity and liabilities | 10/49 | €1,197,206 | €1,038,017 | -€159,189 | -13.3% |
| Equity | 10/15 | €24,823 | -€108,340 | -€133,163 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,223 | -€126,940 | -€133,163 | |
| Amounts payable | 17/49 | €1,172,384 | €1,146,357 | -€26,026 | -2.2% |
| Amounts payable after more than one year | 17 | €739,777 | €650,423 | -€89,354 | -12.1% |
| Financial debts | 170/4 | €739,777 | €650,423 | -€89,354 | -12.1% |
| Amounts payable within one year | 42/48 | €432,607 | €495,934 | +€63,327 | +14.6% |
| Current portion of amounts payable after more than one year | 42 | €87,305 | €89,290 | +€1,985 | +2.3% |
| Suppliers | 440/4 | - | €0 | = | |
| Taxes, remuneration and social security | 45 | €11,470 | €1,421 | -€10,049 | -87.6% |
| Taxes | 450/3 | €11,470 | €1,421 | -€10,049 | -87.6% |
| Other amounts payable | 47/48 | €333,832 | €405,223 | +€71,391 | +21.4% |
| Turnover | 70 | €118,064 | €51,930 | -€66,134 | -56.0% |
| Non-recurring operating income | 76A | - | €36,989 | +€36,989 | |
| Goods, raw materials, services and sundry goods | 60/61 | €51,790 | €116,578 | +€64,788 | +125% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €68,772 | €72,951 | +€4,179 | +6.1% |
| Other operating charges | 640/8 | €3,317 | €5,481 | +€2,164 | +65.3% |
| Gross operating margin | 9900 | €66,275 | -€27,434 | -€93,708 | |
| Operating profit (loss) | 9901 | -€5,814 | -€105,866 | -€100,052 | -1,721% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €17,445 | €27,296 | +€9,851 | +56.5% |
| Recurring financial charges | 65 | €17,445 | €27,296 | +€9,851 | +56.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,244 | -€133,163 | -€109,919 | -473% |
| Income taxes | 67/77 | €140 | - | -€140 | |
| Profit (loss) for the period | 9904 | -€23,383 | -€133,163 | -€109,779 | -469% |
| Profit (loss) for the period to be appropriated | 9905 | -€23,383 | -€133,163 | -€109,779 | -469% |
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 20 October 2026 via checked.be.