Tobeau: 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.
What changed
Tobeau
NACE 78.200, Temporary employment agencies and other provision of personnel
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€509,657
2024 · €120,386+€389,271
Equity
€5,000
2024 · €569,406-€564,406
Cash
€138,796
2024 · €127,020+€11,775
Balance sheet total
€1.8m
2024 · €1.6m+€213,782
Largest movements
Assets
- Receivables within one year +€299,964
up €299,964 (+836020.4%), from €36 to €300,000
of which Other amounts receivable: +€299,964
- Receivables after one year -€100,000
down €100,000 (-100.0%), from €100,000 to €0
Equity and liabilities
- Other debts +€894,064
new in 2025: €894,064
- Reserves -€564,406
down €564,406 (-100.0%), from €564,406 to €0
- Debts after one year -€114,934
down €114,934 (-13.2%), from €870,474 to €755,540
Income statement
- Financial income +€390,332
up €390,332 (+14955.3%), from €2,610 to €392,942
- Gross operating margin -€3,236
down €3,236 (-1.9%), from €168,112 to €164,876
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.
Result 2024
€120,386
Gross operating margin
-€3,236
Depreciation
-€12
Other operating charges
+€26
Financial income
+€390,332
Financial charges
+€1,317
Taxes
+€844
Result 2025
€509,657
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.
From operations
+€1.2m
Investment
-€4,197
Financing
-€1.2m
Cash 2024
€127,020
From operations (derived)
+€1.2m
Net result for the year
+€509,657
Depreciation
+€586
Receivables after one year
+€100,000
Receivables within one year
-€299,964
Smaller working-capital items
+€106
Other debts
+€894,064
Investment (derived)
-€4,197
Investment in fixed assets (net)
-€4,197
Financing
-€1.2m
Debts after one year
-€114,934
Current portion of long-term debt
+€521
Contributions, distributions and other
-€1.1m
Cash 2025
€138,796
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,573,650 | €1,787,432 | +€213,782 | +13.6% |
| Fixed assets | 21/28 | €1,343,181 | €1,346,791 | +€3,610 | +0.3% |
| Tangible fixed assets | 22/27 | €418 | €4,029 | +€3,610 | +863.2% |
| Plant, machinery and equipment | 23 | €406 | €241 | -€165 | -40.7% |
| Furniture and vehicles | 24 | €12 | €3,788 | +€3,776 | +30350.2% |
| Financial fixed assets | 28 | €1,342,763 | €1,342,763 | = | 0.0% |
| Current assets | 29/58 | €230,469 | €440,640 | +€210,171 | +91.2% |
| Amounts receivable after more than one year | 29 | €100,000 | €0 | -€100,000 | -100.0% |
| Other amounts receivable | 291 | €100,000 | €0 | -€100,000 | -100.0% |
| Amounts receivable within one year | 40/41 | €36 | €300,000 | +€299,964 | +836020.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €36 | €300,000 | +€299,964 | +836020.4% |
| Cash at bank and in hand | 54/58 | €127,020 | €138,796 | +€11,775 | +9.3% |
| Deferred charges and accrued income | 490/1 | €3,413 | €1,845 | -€1,568 | -45.9% |
| Total equity and liabilities | 10/49 | €1,573,650 | €1,787,432 | +€213,782 | +13.6% |
| Equity | 10/15 | €569,406 | €5,000 | -€564,406 | -99.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €564,406 | €0 | -€564,406 | -100.0% |
| Distributable reserves | 133 | €564,406 | €0 | -€564,406 | -100.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,004,244 | €1,782,432 | +€778,188 | +77.5% |
| Amounts payable after more than one year | 17 | €870,474 | €755,540 | -€114,934 | -13.2% |
| Financial debts | 170/4 | €870,474 | €755,540 | -€114,934 | -13.2% |
| Amounts payable within one year | 42/48 | €129,915 | €1,023,037 | +€893,122 | +687.5% |
| Current portion of amounts payable after more than one year | 42 | €114,413 | €114,934 | +€521 | +0.5% |
| Trade debts | 44 | €992 | €1,129 | +€138 | +13.9% |
| Suppliers | 440/4 | €992 | €1,129 | +€138 | +13.9% |
| Taxes, remuneration and social security | 45 | €14,510 | €12,910 | -€1,600 | -11.0% |
| Taxes | 450/3 | €14,510 | €12,910 | -€1,600 | -11.0% |
| Other amounts payable | 47/48 | - | €894,064 | +€894,064 | |
| Accrued charges and deferred income | 492/3 | €3,855 | €3,855 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €574 | €586 | +€12 | +2.2% |
| Other operating charges | 640/8 | €1,273 | €1,247 | -€26 | -2.0% |
| Gross operating margin | 9900 | €168,112 | €164,876 | -€3,236 | -1.9% |
| Operating profit (loss) | 9901 | €166,265 | €163,043 | -€3,222 | -1.9% |
| Financial income | 75/76B | €2,610 | €392,942 | +€390,332 | +14955.3% |
| Recurring financial income | 75 | €2,610 | €392,942 | +€390,332 | +14955.3% |
| Financial charges | 65/66B | €14,393 | €13,076 | -€1,317 | -9.2% |
| Recurring financial charges | 65 | €14,393 | €13,076 | -€1,317 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €154,482 | €542,909 | +€388,427 | +251.4% |
| Income taxes | 67/77 | €34,095 | €33,252 | -€844 | -2.5% |
| Profit (loss) for the period | 9904 | €120,386 | €509,657 | +€389,271 | +323.4% |
| Profit (loss) for the period to be appropriated | 9905 | €120,386 | €509,657 | +€389,271 | +323.4% |
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 9 October 2026 via checked.be.