ToBeWo: 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.
ToBeWo
Largest movements
- Receivables within one year +€22,321
up €22,321 (+115.1%), from €19,400 to €41,722
of which Other amounts receivable: +€21,557
- Tangible fixed assets +€15,621
up €15,621 (+387.0%), from €4,036 to €19,657
- Cash -€14,073
down €14,073 (-13.1%), from €107,523 to €93,450
mainly Receivables within one year (-€22,321) and Investment in fixed assets (net) (-€19,945)
- Deferred charges and accrued income -€11,487
down €11,487 (-89.3%), from €12,870 to €1,383
- Current investments +€8,223
up €8,223 (+36.6%), from €22,485 to €30,708
- Reserves +€23,183
up €23,183 (+12.1%), from €192,246 to €215,429
- Gross operating margin -€14,848
down €14,848 (-29.4%), from €50,520 to €35,672
- Taxes -€8,010
down €8,010 (-47.0%), from €17,047 to €9,036
- Depreciation +€2,851
up €2,851 (+193.5%), from €1,473 to €4,324
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 | €196,314 | €216,919 | +€20,605 | +10.5% |
| Fixed assets | 21/28 | €4,036 | €19,657 | +€15,621 | +387.0% |
| Tangible fixed assets | 22/27 | €4,036 | €19,657 | +€15,621 | +387.0% |
| Furniture and vehicles | 24 | €4,036 | €19,657 | +€15,621 | +387.0% |
| Current assets | 29/58 | €192,278 | €197,263 | +€4,984 | +2.6% |
| Amounts receivable after more than one year | 29 | €30,000 | €30,000 | = | 0.0% |
| Other amounts receivable | 291 | €30,000 | €30,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,400 | €41,722 | +€22,321 | +115.1% |
| Trade receivables | 40 | €0 | €764 | +€764 | |
| Other amounts receivable | 41 | €19,400 | €40,958 | +€21,557 | +111.1% |
| Current investments | 50/53 | €22,485 | €30,708 | +€8,223 | +36.6% |
| Cash at bank and in hand | 54/58 | €107,523 | €93,450 | -€14,073 | -13.1% |
| Deferred charges and accrued income | 490/1 | €12,870 | €1,383 | -€11,487 | -89.3% |
| Total equity and liabilities | 10/49 | €196,314 | €216,919 | +€20,605 | +10.5% |
| Equity | 10/15 | €192,246 | €215,429 | +€23,183 | +12.1% |
| Reserves | 13 | €192,246 | €215,429 | +€23,183 | +12.1% |
| Distributable reserves | 133 | €192,246 | €215,429 | +€23,183 | +12.1% |
| Amounts payable | 17/49 | €4,068 | €1,490 | -€2,578 | -63.4% |
| Amounts payable within one year | 42/48 | €4,068 | €1,490 | -€2,578 | -63.4% |
| Current portion of amounts payable after more than one year | 42 | €538 | €0 | -€538 | -100.0% |
| Trade debts | 44 | €1,532 | €1,490 | -€42 | -2.7% |
| Suppliers | 440/4 | €1,532 | €1,490 | -€42 | -2.7% |
| Taxes, remuneration and social security | 45 | €1,999 | €0 | -€1,999 | -100.0% |
| Taxes | 450/3 | €1,999 | €0 | -€1,999 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,473 | €4,324 | +€2,851 | +193.5% |
| Other operating charges | 640/8 | €757 | €820 | +€64 | +8.4% |
| Gross operating margin | 9900 | €50,520 | €35,672 | -€14,848 | -29.4% |
| Operating profit (loss) | 9901 | €48,290 | €30,527 | -€17,763 | -36.8% |
| Financial income | 75/76B | €1,646 | €1,732 | +€87 | +5.3% |
| Recurring financial income | 75 | €1,646 | €1,732 | +€87 | +5.3% |
| Financial charges | 65/66B | €108 | €40 | -€68 | -63.1% |
| Recurring financial charges | 65 | €108 | €40 | -€68 | -63.1% |
| Profit (loss) for the period before taxes | 9903 | €49,827 | €32,219 | -€17,608 | -35.3% |
| Income taxes | 67/77 | €17,047 | €9,036 | -€8,010 | -47.0% |
| Profit (loss) for the period | 9904 | €32,781 | €23,183 | -€9,598 | -29.3% |
| Profit (loss) for the period to be appropriated | 9905 | €32,781 | €23,183 | -€9,598 | -29.3% |
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 11 October 2026 via checked.be.