Tobo: 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.
Tobo
Largest movements
- Receivables after one year +€373,496
up €373,496 (+101.1%), from €369,543 to €743,039
- Tangible fixed assets -€120,197
down €120,197 (-33.4%), from €360,058 to €239,861
of which Other tangible fixed assets: -€85,869
- Receivables within one year +€40,857
up €40,857 (+7.1%), from €578,393 to €619,250
of which Other amounts receivable: +€49,164
- Stocks and contracts -€25,252
down €25,252 (-18.3%), from €137,781 to €112,529
- Cash -€23,135
down €23,135 (-46.3%), from €49,975 to €26,840
mainly Receivables after one year (-€373,496) and Debts after one year (-€81,420)
- Trade debts +€297,577
up €297,577 (+65.8%), from €452,453 to €750,030
- Debts after one year -€81,420
down €81,420 (-45.4%), from €179,389 to €97,969
- Profit (loss) carried forward +€43,985
up €43,985 (+8.2%), from €537,889 to €581,874
- Gross operating margin -€171,896
down €171,896 (-30.0%), from €572,411 to €400,514
- Taxes -€61,293
down €61,293 (-73.9%), from €82,889 to €21,596
- Staff costs +€22,647
up €22,647 (+13.9%), from €163,022 to €185,668
- Financial income -€19,391
no longer reported in 2025 (was €19,391)
- Other operating charges -€12,396
down €12,396 (-93.5%), from €13,257 to €861
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 | €1,498,606 | €1,757,959 | +€259,352 | +17.3% |
| Fixed assets | 21/28 | €361,218 | €256,300 | -€104,918 | -29.0% |
| Tangible fixed assets | 22/27 | €360,058 | €239,861 | -€120,197 | -33.4% |
| Plant, machinery and equipment | 23 | €6,532 | €3,008 | -€3,524 | -54.0% |
| Furniture and vehicles | 24 | €74,841 | €44,037 | -€30,804 | -41.2% |
| Other tangible fixed assets | 26 | €278,685 | €192,816 | -€85,869 | -30.8% |
| Financial fixed assets | 28 | €1,160 | €16,439 | +€15,279 | +1317.2% |
| Current assets | 29/58 | €1,137,388 | €1,501,658 | +€364,270 | +32.0% |
| Amounts receivable after more than one year | 29 | €369,543 | €743,039 | +€373,496 | +101.1% |
| Other amounts receivable | 291 | €369,543 | €743,039 | +€373,496 | +101.1% |
| Stocks and contracts in progress | 3 | €137,781 | €112,529 | -€25,252 | -18.3% |
| Stocks | 30/36 | €137,781 | €112,529 | -€25,252 | -18.3% |
| Amounts receivable within one year | 40/41 | €578,393 | €619,250 | +€40,857 | +7.1% |
| Trade receivables | 40 | €8,307 | - | -€8,307 | |
| Other amounts receivable | 41 | €570,086 | €619,250 | +€49,164 | +8.6% |
| Cash at bank and in hand | 54/58 | €49,975 | €26,840 | -€23,135 | -46.3% |
| Deferred charges and accrued income | 490/1 | €1,696 | - | -€1,696 | |
| Total equity and liabilities | 10/49 | €1,498,606 | €1,757,959 | +€259,352 | +17.3% |
| Equity | 10/15 | €627,889 | €671,874 | +€43,985 | +7.0% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €537,889 | €581,874 | +€43,985 | +8.2% |
| Amounts payable | 17/49 | €870,717 | €1,086,085 | +€215,367 | +24.7% |
| Amounts payable after more than one year | 17 | €179,389 | €97,969 | -€81,420 | -45.4% |
| Financial debts | 170/4 | €179,389 | €97,969 | -€81,420 | -45.4% |
| Amounts payable within one year | 42/48 | €684,911 | €982,475 | +€297,563 | +43.4% |
| Current portion of amounts payable after more than one year | 42 | €94,249 | €81,420 | -€12,829 | -13.6% |
| Trade debts | 44 | €452,453 | €750,030 | +€297,577 | +65.8% |
| Suppliers | 440/4 | €452,453 | €750,030 | +€297,577 | +65.8% |
| Taxes, remuneration and social security | 45 | €138,210 | €151,025 | +€12,815 | +9.3% |
| Taxes | 450/3 | €114,508 | €131,391 | +€16,884 | +14.7% |
| Remuneration and social security | 454/9 | €23,702 | €19,634 | -€4,068 | -17.2% |
| Accrued charges and deferred income | 492/3 | €6,416 | €5,640 | -€776 | -12.1% |
| Remuneration, social security and pensions | 62 | €163,022 | €185,668 | +€22,647 | +13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €117,601 | €120,654 | +€3,053 | +2.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €10,089 | +€10,089 | |
| Other operating charges | 640/8 | €13,257 | €861 | -€12,396 | -93.5% |
| Gross operating margin | 9900 | €572,411 | €400,514 | -€171,896 | -30.0% |
| Operating profit (loss) | 9901 | €278,532 | €83,243 | -€195,289 | -70.1% |
| Financial income | 75/76B | €19,391 | - | -€19,391 | |
| Recurring financial income | 75 | €19,391 | - | -€19,391 | |
| Financial charges | 65/66B | €11,480 | €17,662 | +€6,182 | +53.8% |
| Recurring financial charges | 65 | €11,480 | €17,662 | +€6,182 | +53.8% |
| Profit (loss) for the period before taxes | 9903 | €286,442 | €65,581 | -€220,861 | -77.1% |
| Income taxes | 67/77 | €82,889 | €21,596 | -€61,293 | -73.9% |
| Profit (loss) for the period | 9904 | €203,553 | €43,985 | -€159,568 | -78.4% |
| Profit (loss) for the period to be appropriated | 9905 | €203,553 | €43,985 | -€159,568 | -78.4% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.