TOBIAS: 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.
TOBIAS
Largest movements
- Receivables within one year +€27,797
up €27,797 (+31.7%), from €87,644 to €115,441
of which Other amounts receivable: +€24,076
- Reserves +€27,500
up €27,500 (+21.2%), from €130,000 to €157,500
of which Distributable reserves: +€27,500
- Tax, wage and social debts -€6,405
down €6,405 (-32.1%), from €19,927 to €13,522
- Advances received +€5,149
new in 2025: €5,149
- Trade debts +€3,784
up €3,784 (+148%), from €2,555 to €6,338
- Gross operating margin +€4,352
up €4,352 (+11.9%), from €36,450 to €40,802
- Depreciation -€3,223
down €3,223 (-74.2%), from €4,343 to €1,120
- Taxes +€1,674
up €1,674 (+17.3%), from €9,667 to €11,341
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 | €174,979 | €202,491 | +€27,512 | +15.7% |
| Fixed assets | 21/28 | €558 | €2,135 | +€1,577 | +283% |
| Tangible fixed assets | 22/27 | €558 | €2,135 | +€1,577 | +283% |
| Furniture and vehicles | 24 | €558 | €2,135 | +€1,577 | +283% |
| Current assets | 29/58 | €174,421 | €200,356 | +€25,935 | +14.9% |
| Amounts receivable after more than one year | 29 | €75,000 | €75,000 | = | 0.0% |
| Other amounts receivable | 291 | €75,000 | €75,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €87,644 | €115,441 | +€27,797 | +31.7% |
| Trade receivables | 40 | €20,220 | €23,941 | +€3,722 | +18.4% |
| Other amounts receivable | 41 | €67,424 | €91,500 | +€24,076 | +35.7% |
| Cash at bank and in hand | 54/58 | €10,687 | €8,768 | -€1,918 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,091 | €1,146 | +€56 | +5.1% |
| Total equity and liabilities | 10/49 | €174,979 | €202,491 | +€27,512 | +15.7% |
| Equity | 10/15 | €147,858 | €174,503 | +€26,645 | +18.0% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €130,000 | €157,500 | +€27,500 | +21.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €128,145 | €155,645 | +€27,500 | +21.5% |
| Profit (loss) carried forward | 14 | €11,658 | €10,803 | -€855 | -7.3% |
| Amounts payable | 17/49 | €27,121 | €27,987 | +€866 | +3.2% |
| Amounts payable within one year | 42/48 | €27,121 | €27,987 | +€866 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €757 | - | -€757 | |
| Financial debts | 43 | €2,015 | €2,052 | +€37 | +1.9% |
| Credit institutions | 430/8 | €2,015 | €2,052 | +€37 | +1.9% |
| Trade debts | 44 | €2,555 | €6,338 | +€3,784 | +148% |
| Suppliers | 440/4 | €2,555 | €6,338 | +€3,784 | +148% |
| Advances received on contracts in progress | 46 | - | €5,149 | +€5,149 | |
| Taxes, remuneration and social security | 45 | €19,927 | €13,522 | -€6,405 | -32.1% |
| Taxes | 450/3 | €19,927 | €13,522 | -€6,405 | -32.1% |
| Other amounts payable | 47/48 | €1,867 | €926 | -€942 | -50.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,343 | €1,120 | -€3,223 | -74.2% |
| Other operating charges | 640/8 | €1,438 | €1,348 | -€90 | -6.2% |
| Gross operating margin | 9900 | €36,450 | €40,802 | +€4,352 | +11.9% |
| Operating profit (loss) | 9901 | €30,669 | €38,334 | +€7,665 | +25.0% |
| Financial income | 75/76B | €1,890 | €1,897 | +€7 | +0.4% |
| Recurring financial income | 75 | €1,890 | €1,897 | +€7 | +0.4% |
| Financial charges | 65/66B | €1,354 | €1,320 | -€33 | -2.5% |
| Recurring financial charges | 65 | €1,354 | €1,320 | -€33 | -2.5% |
| Profit (loss) for the period before taxes | 9903 | €31,206 | €38,912 | +€7,706 | +24.7% |
| Income taxes | 67/77 | €9,667 | €11,341 | +€1,674 | +17.3% |
| Profit (loss) for the period | 9904 | €21,539 | €27,571 | +€6,032 | +28.0% |
| Profit (loss) for the period to be appropriated | 9905 | €21,539 | €27,571 | +€6,032 | +28.0% |
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 26 October 2026 via checked.be.