TOBERGSE: 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.
TOBERGSE
Largest movements
- Tangible fixed assets +€174,138
up €174,138 (+12.9%), from €1.4m to €1.5m
of which Land and buildings: +€174,138
- Receivables within one year +€32,178
up €32,178 (+27.4%), from €117,382 to €149,560
of which Other amounts receivable: +€32,178
- Debts after one year +€562,672
up €562,672 (+92.7%), from €607,300 to €1.2m
- Short-term financial debts -€177,943
down €177,943 (-70.3%), from €252,943 to €75,000
- Other debts -€161,785
down €161,785 (-32.7%), from €494,656 to €332,871
- Reserves -€32,621
down €32,621 (-9.9%), from €329,054 to €296,433
of which Distributable reserves: -€32,621
- Depreciation +€41,064
up €41,064 (+55.9%), from €73,458 to €114,522
- Gross operating margin +€10,925
up €10,925 (+7.9%), from €137,508 to €148,434
- Other operating charges +€6,439
up €6,439 (+45.8%), from €14,049 to €20,487
- Financial charges +€6,033
up €6,033 (+14.7%), from €41,081 to €47,113
- Taxes -€2,850
down €2,850 (-100%), from €2,850 to €0
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 | €1,875,858 | €2,082,838 | +€206,980 | +11.0% |
| Fixed assets | 21/28 | €1,683,484 | €1,857,622 | +€174,138 | +10.3% |
| Tangible fixed assets | 22/27 | €1,350,613 | €1,524,751 | +€174,138 | +12.9% |
| Land and buildings | 22 | €1,350,613 | €1,524,751 | +€174,138 | +12.9% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Financial fixed assets | 28 | €332,871 | €332,871 | = | 0.0% |
| Current assets | 29/58 | €192,374 | €225,216 | +€32,842 | +17.1% |
| Stocks and contracts in progress | 3 | €63,234 | €63,234 | = | 0.0% |
| Stocks | 30/36 | €63,234 | €63,234 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €117,382 | €149,560 | +€32,178 | +27.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €117,382 | €149,560 | +€32,178 | +27.4% |
| Cash at bank and in hand | 54/58 | €3,116 | €10,197 | +€7,080 | +227% |
| Deferred charges and accrued income | 490/1 | €8,642 | €2,226 | -€6,416 | -74.2% |
| Total equity and liabilities | 10/49 | €1,875,858 | €2,082,838 | +€206,980 | +11.0% |
| Equity | 10/15 | €392,654 | €360,033 | -€32,621 | -8.3% |
| Contributions | 10/11 | €63,600 | €63,600 | = | 0.0% |
| Capital | 10 | €63,600 | €63,600 | = | 0.0% |
| Issued capital | 100 | €63,600 | €63,600 | = | 0.0% |
| Reserves | 13 | €329,054 | €296,433 | -€32,621 | -9.9% |
| Non-distributable reserves | 130/1 | €6,360 | €6,360 | = | 0.0% |
| Legal reserve | 130 | €6,360 | €6,360 | = | 0.0% |
| Distributable reserves | 133 | €322,694 | €290,073 | -€32,621 | -10.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,483,204 | €1,722,805 | +€239,601 | +16.2% |
| Amounts payable after more than one year | 17 | €607,300 | €1,169,972 | +€562,672 | +92.7% |
| Financial debts | 170/4 | €607,300 | €1,169,972 | +€562,672 | +92.7% |
| Amounts payable within one year | 42/48 | €874,733 | €552,833 | -€321,900 | -36.8% |
| Current portion of amounts payable after more than one year | 42 | €124,000 | €143,558 | +€19,558 | +15.8% |
| Financial debts | 43 | €252,943 | €75,000 | -€177,943 | -70.3% |
| Credit institutions | 430/8 | €252,943 | €75,000 | -€177,943 | -70.3% |
| Trade debts | 44 | €1,534 | €71 | -€1,462 | -95.3% |
| Suppliers | 440/4 | €1,534 | €71 | -€1,462 | -95.3% |
| Taxes, remuneration and social security | 45 | €1,600 | €1,333 | -€267 | -16.7% |
| Taxes | 450/3 | €1,600 | €1,333 | -€267 | -16.7% |
| Other amounts payable | 47/48 | €494,656 | €332,871 | -€161,785 | -32.7% |
| Accrued charges and deferred income | 492/3 | €1,171 | €0 | -€1,171 | -100% |
| Non-recurring operating income | 76A | €0 | €14,000 | +€14,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,458 | €114,522 | +€41,064 | +55.9% |
| Other operating charges | 640/8 | €14,049 | €20,487 | +€6,439 | +45.8% |
| Gross operating margin | 9900 | €137,508 | €148,434 | +€10,925 | +7.9% |
| Operating profit (loss) | 9901 | €50,002 | €13,425 | -€36,577 | -73.2% |
| Financial income | 75/76B | €1,867 | €1,067 | -€799 | -42.8% |
| Recurring financial income | 75 | €1,867 | €1,067 | -€799 | -42.8% |
| Financial charges | 65/66B | €41,081 | €47,113 | +€6,033 | +14.7% |
| Recurring financial charges | 65 | €41,081 | €47,113 | +€6,033 | +14.7% |
| Profit (loss) for the period before taxes | 9903 | €10,788 | -€32,621 | -€43,409 | |
| Income taxes | 67/77 | €2,850 | €0 | -€2,850 | -100% |
| Profit (loss) for the period | 9904 | €7,938 | -€32,621 | -€40,559 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,938 | -€32,621 | -€40,559 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.