Tobcoo: 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.
Tobcoo
Largest movements
- Cash -€51,487
down €51,487 (-43.0%), from €119,792 to €68,306
mainly Net result for the year (-€17,181) and Receivables within one year (-€15,255)
- Receivables within one year +€15,255
up €15,255 (+69.6%), from €21,914 to €37,169
of which Other amounts receivable: +€15,913
- Tangible fixed assets +€13,865
up €13,865 (+853%), from €1,626 to €15,491
of which Other tangible fixed assets: +€11,666
- Stocks and contracts +€10,935
new in 2025: €10,935
- Profit (loss) carried forward -€17,181
down €17,181 (-45.0%), from €38,174 to €20,992
- Trade debts +€3,706
up €3,706 (+52.0%), from €7,125 to €10,831
- Tax, wage and social debts +€2,431
up €2,431 (+373%), from €652 to €3,083
- Gross operating margin -€50,358
down €50,358, from €35,496 to -€14,862
- Taxes -€7,530
down €7,530 (-97.9%), from €7,693 to €163
- Other operating charges -€1,782
down €1,782 (-59.0%), from €3,019 to €1,237
- Depreciation +€365
up €365 (+85.0%), from €429 to €793
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 | €144,347 | €132,917 | -€11,429 | -7.9% |
| Fixed assets | 21/28 | €1,626 | €15,491 | +€13,865 | +853% |
| Tangible fixed assets | 22/27 | €1,626 | €15,491 | +€13,865 | +853% |
| Furniture and vehicles | 24 | €1,626 | €3,825 | +€2,199 | +135% |
| Other tangible fixed assets | 26 | - | €11,666 | +€11,666 | |
| Current assets | 29/58 | €142,721 | €117,426 | -€25,295 | -17.7% |
| Stocks and contracts in progress | 3 | - | €10,935 | +€10,935 | |
| Stocks | 30/36 | - | €10,935 | +€10,935 | |
| Amounts receivable within one year | 40/41 | €21,914 | €37,169 | +€15,255 | +69.6% |
| Trade receivables | 40 | €3,045 | €2,387 | -€658 | -21.6% |
| Other amounts receivable | 41 | €18,869 | €34,782 | +€15,913 | +84.3% |
| Cash at bank and in hand | 54/58 | €119,792 | €68,306 | -€51,487 | -43.0% |
| Deferred charges and accrued income | 490/1 | €1,015 | €1,017 | +€2 | +0.2% |
| Total equity and liabilities | 10/49 | €144,347 | €132,917 | -€11,429 | -7.9% |
| Equity | 10/15 | €135,380 | €118,199 | -€17,181 | -12.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €78,606 | €78,606 | = | 0.0% |
| Distributable reserves | 133 | €78,606 | €78,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | €38,174 | €20,992 | -€17,181 | -45.0% |
| Amounts payable | 17/49 | €8,967 | €14,719 | +€5,752 | +64.2% |
| Amounts payable within one year | 42/48 | €8,967 | €14,719 | +€5,752 | +64.2% |
| Trade debts | 44 | €7,125 | €10,831 | +€3,706 | +52.0% |
| Suppliers | 440/4 | €7,125 | €10,831 | +€3,706 | +52.0% |
| Taxes, remuneration and social security | 45 | €652 | €3,083 | +€2,431 | +373% |
| Taxes | 450/3 | €652 | €3,083 | +€2,431 | +373% |
| Other amounts payable | 47/48 | €1,190 | €805 | -€385 | -32.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €429 | €793 | +€365 | +85.0% |
| Other operating charges | 640/8 | €3,019 | €1,237 | -€1,782 | -59.0% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €35,496 | -€14,862 | -€50,358 | |
| Operating profit (loss) | 9901 | €32,048 | -€16,893 | -€48,941 | |
| Financial income | 75/76B | €775 | €525 | -€250 | -32.3% |
| Recurring financial income | 75 | €775 | €525 | -€250 | -32.3% |
| Financial charges | 65/66B | €862 | €651 | -€211 | -24.5% |
| Recurring financial charges | 65 | €862 | €651 | -€211 | -24.5% |
| Profit (loss) for the period before taxes | 9903 | €31,962 | -€17,018 | -€48,980 | |
| Income taxes | 67/77 | €7,693 | €163 | -€7,530 | -97.9% |
| Profit (loss) for the period | 9904 | €24,268 | -€17,181 | -€41,450 | |
| Profit (loss) for the period to be appropriated | 9905 | €24,268 | -€17,181 | -€41,450 |
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 17 October 2026 via checked.be.