TOBESCO: 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.
TOBESCO
Largest movements
- Tangible fixed assets +€173,723
up €173,723 (+4,015%), from €4,327 to €178,050
of which Land and buildings: +€167,144
- Stocks and contracts +€70,000
up €70,000 (+280%), from €25,000 to €95,000
- Receivables within one year +€30,915
up €30,915 (+71.2%), from €43,440 to €74,355
of which Other amounts receivable: +€30,615
- Financial fixed assets +€4,200
up €4,200 (+61.5%), from €6,834 to €11,034
- Other debts +€308,991
up €308,991 (+2,773%), from €11,141 to €320,132
- Profit (loss) carried forward -€50,353
down €50,353 (-5.3%), from -€951,452 to -€1.0m
- Trade debts +€16,751
up €16,751 (+2,568%), from €652 to €17,403
- Gross operating margin -€40,651
down €40,651 (-788%), from -€5,160 to -€45,811
- Depreciation +€1,094
up €1,094 (+45.6%), from €2,400 to €3,494
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 | €80,970 | €359,147 | +€278,177 | +344% |
| Fixed assets | 21/28 | €11,161 | €189,084 | +€177,923 | +1,594% |
| Tangible fixed assets | 22/27 | €4,327 | €178,050 | +€173,723 | +4,015% |
| Land and buildings | 22 | €1,303 | €168,446 | +€167,144 | +12,829% |
| Plant, machinery and equipment | 23 | €3,024 | €6,514 | +€3,490 | +115% |
| Furniture and vehicles | 24 | - | €3,089 | +€3,089 | |
| Financial fixed assets | 28 | €6,834 | €11,034 | +€4,200 | +61.5% |
| Current assets | 29/58 | €69,809 | €170,064 | +€100,254 | +144% |
| Stocks and contracts in progress | 3 | €25,000 | €95,000 | +€70,000 | +280% |
| Stocks | 30/36 | €25,000 | €95,000 | +€70,000 | +280% |
| Amounts receivable within one year | 40/41 | €43,440 | €74,355 | +€30,915 | +71.2% |
| Trade receivables | 40 | - | €300 | +€300 | |
| Other amounts receivable | 41 | €43,440 | €74,055 | +€30,615 | +70.5% |
| Cash at bank and in hand | 54/58 | €1,370 | €139 | -€1,231 | -89.8% |
| Deferred charges and accrued income | 490/1 | - | €570 | +€570 | |
| Total equity and liabilities | 10/49 | €80,970 | €359,147 | +€278,177 | +344% |
| Equity | 10/15 | €68,552 | €18,199 | -€50,353 | -73.5% |
| Contributions | 10/11 | €79,832 | €79,832 | = | 0.0% |
| Capital | 10 | €79,832 | €79,832 | = | 0.0% |
| Issued capital | 100 | €79,832 | €79,832 | = | 0.0% |
| Reserves | 13 | €940,172 | €940,172 | = | 0.0% |
| Non-distributable reserves | 130/1 | €68,171 | €68,171 | = | 0.0% |
| Legal reserve | 130 | €68,171 | €68,171 | = | 0.0% |
| Distributable reserves | 133 | €872,001 | €872,001 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€951,452 | -€1,001,805 | -€50,353 | -5.3% |
| Amounts payable | 17/49 | €12,418 | €340,948 | +€328,530 | +2,646% |
| Amounts payable within one year | 42/48 | €11,793 | €339,698 | +€327,905 | +2,780% |
| Trade debts | 44 | €652 | €17,403 | +€16,751 | +2,568% |
| Suppliers | 440/4 | €652 | €17,403 | +€16,751 | +2,568% |
| Taxes, remuneration and social security | 45 | - | €2,163 | +€2,163 | |
| Taxes | 450/3 | - | €2,163 | +€2,163 | |
| Other amounts payable | 47/48 | €11,141 | €320,132 | +€308,991 | +2,773% |
| Accrued charges and deferred income | 492/3 | €625 | €1,250 | +€625 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,400 | €3,494 | +€1,094 | +45.6% |
| Other operating charges | 640/8 | €550 | €931 | +€380 | +69.1% |
| Gross operating margin | 9900 | -€5,160 | -€45,811 | -€40,651 | -788% |
| Operating profit (loss) | 9901 | -€8,111 | -€50,236 | -€42,125 | -519% |
| Financial charges | 65/66B | €515 | €117 | -€398 | -77.4% |
| Recurring financial charges | 65 | €515 | €117 | -€398 | -77.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,626 | -€50,353 | -€41,727 | -484% |
| Profit (loss) for the period | 9904 | -€8,626 | -€50,353 | -€41,727 | -484% |
| Profit (loss) for the period to be appropriated | 9905 | -€8,626 | -€50,353 | -€41,727 | -484% |
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 19 October 2026 via checked.be.