TOBELO: 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.
TOBELO
Largest movements
- Cash -€27,286
down €27,286 (-19.4%), from €140,425 to €113,139
mainly Net result for the year (-€29,271) and Debts after one year (-€7,146)
- Tangible fixed assets -€6,801
down €6,801 (-3.6%), from €191,038 to €184,236
of which Land and buildings: -€6,315
- Receivables within one year -€3,807
down €3,807 (-100.0%), from €3,807 to €0
- Profit (loss) carried forward -€29,271
down €29,271 (-62.6%), from -€46,783 to -€76,054
- Debts after one year -€7,146
down €7,146 (-8.7%), from €82,221 to €75,076
- Tax, wage and social debts -€5,481
down €5,481 (-84.9%), from €6,455 to €974
- Other debts +€3,959
up €3,959 (+42.1%), from €9,408 to €13,367
- Taxes -€11,359
down €11,359, from €480 to -€10,880
- Gross operating margin +€6,037
up €6,037 (+17.1%), from -€35,258 to -€29,221
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 | €335,270 | €297,376 | -€37,894 | -11.3% |
| Fixed assets | 21/28 | €191,038 | €184,236 | -€6,801 | -3.6% |
| Tangible fixed assets | 22/27 | €191,038 | €184,236 | -€6,801 | -3.6% |
| Land and buildings | 22 | €189,577 | €183,263 | -€6,315 | -3.3% |
| Furniture and vehicles | 24 | €1,460 | €973 | -€487 | -33.3% |
| Current assets | 29/58 | €144,232 | €113,139 | -€31,093 | -21.6% |
| Amounts receivable within one year | 40/41 | €3,807 | €0 | -€3,807 | -100.0% |
| Other amounts receivable | 41 | €3,807 | €0 | -€3,807 | -100.0% |
| Cash at bank and in hand | 54/58 | €140,425 | €113,139 | -€27,286 | -19.4% |
| Total equity and liabilities | 10/49 | €335,270 | €297,376 | -€37,894 | -11.3% |
| Equity | 10/15 | €229,799 | €200,528 | -€29,271 | -12.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €270,381 | €270,381 | = | 0.0% |
| Distributable reserves | 133 | €270,381 | €270,381 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,783 | -€76,054 | -€29,271 | -62.6% |
| Amounts payable | 17/49 | €105,471 | €96,848 | -€8,623 | -8.2% |
| Amounts payable after more than one year | 17 | €82,221 | €75,076 | -€7,146 | -8.7% |
| Financial debts | 170/4 | €82,221 | €75,076 | -€7,146 | -8.7% |
| Amounts payable within one year | 42/48 | €23,250 | €21,772 | -€1,478 | -6.4% |
| Current portion of amounts payable after more than one year | 42 | €7,036 | €7,146 | +€110 | +1.6% |
| Financial debts | 43 | €110 | €113 | +€3 | +2.7% |
| Credit institutions | 430/8 | €110 | €113 | +€3 | +2.7% |
| Trade debts | 44 | €241 | €172 | -€68 | -28.4% |
| Suppliers | 440/4 | €241 | €172 | -€68 | -28.4% |
| Taxes, remuneration and social security | 45 | €6,455 | €974 | -€5,481 | -84.9% |
| Taxes | 450/3 | €6,455 | €974 | -€5,481 | -84.9% |
| Other amounts payable | 47/48 | €9,408 | €13,367 | +€3,959 | +42.1% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,801 | €6,801 | -€0 | 0.0% |
| Other operating charges | 640/8 | €2,605 | €2,598 | -€7 | -0.3% |
| Gross operating margin | 9900 | -€35,258 | -€29,221 | +€6,037 | +17.1% |
| Operating profit (loss) | 9901 | -€44,665 | -€38,620 | +€6,044 | +13.5% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €1,638 | €1,530 | -€108 | -6.6% |
| Recurring financial charges | 65 | €1,638 | €1,530 | -€108 | -6.6% |
| Profit (loss) for the period before taxes | 9903 | -€46,303 | -€40,151 | +€6,152 | +13.3% |
| Income taxes | 67/77 | €480 | -€10,880 | -€11,359 | |
| Profit (loss) for the period | 9904 | -€46,783 | -€29,271 | +€17,512 | +37.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,783 | -€29,271 | +€17,512 | +37.4% |
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 3 October 2026 via checked.be.