TOBOLA: 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.
TOBOLA
Largest movements
- Cash -€10,712
down €10,712 (-36.7%), from €29,179 to €18,467
mainly Receivables within one year (-€9,788) and Short-term financial debts (-€8,599)
- Receivables within one year +€9,788
up €9,788 (+36.1%), from €27,102 to €36,891
of which Trade receivables: +€11,549
- Tangible fixed assets -€3,466
down €3,466 (-16.2%), from €21,360 to €17,894
of which Plant, machinery and equipment: -€3,741
- Deferred charges and accrued income +€890
up €890 (+17.1%), from €5,201 to €6,091
- Short-term financial debts -€8,599
down €8,599 (-100%), from €8,599 to €0
- Other debts +€2,937
up €2,937 (+27.2%), from €10,807 to €13,744
- Reserves +€1,163
up €1,163 (+3.3%), from €35,528 to €36,692
of which Distributable reserves: +€1,163
- Gross operating margin -€11,853
down €11,853 (-53.3%), from €22,233 to €10,380
- Depreciation -€3,024
down €3,024 (-35.2%), from €8,590 to €5,566
- Taxes -€2,079
down €2,079 (-68.5%), from €3,034 to €955
- Staff costs -€806
down €806 (-100%), from €806 to €0
- Financial charges -€386
down €386 (-20.4%), from €1,891 to €1,505
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 | €82,872 | €79,373 | -€3,499 | -4.2% |
| Fixed assets | 21/28 | €21,390 | €17,924 | -€3,466 | -16.2% |
| Tangible fixed assets | 22/27 | €21,360 | €17,894 | -€3,466 | -16.2% |
| Plant, machinery and equipment | 23 | €17,473 | €13,732 | -€3,741 | -21.4% |
| Furniture and vehicles | 24 | €3,887 | €2,062 | -€1,824 | -46.9% |
| Other tangible fixed assets | 26 | - | €2,100 | +€2,100 | |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €61,482 | €61,449 | -€33 | -0.1% |
| Amounts receivable within one year | 40/41 | €27,102 | €36,891 | +€9,788 | +36.1% |
| Trade receivables | 40 | €23,658 | €35,206 | +€11,549 | +48.8% |
| Other amounts receivable | 41 | €3,445 | €1,684 | -€1,760 | -51.1% |
| Cash at bank and in hand | 54/58 | €29,179 | €18,467 | -€10,712 | -36.7% |
| Deferred charges and accrued income | 490/1 | €5,201 | €6,091 | +€890 | +17.1% |
| Total equity and liabilities | 10/49 | €82,872 | €79,373 | -€3,499 | -4.2% |
| Equity | 10/15 | €54,528 | €55,692 | +€1,163 | +2.1% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €35,528 | €36,692 | +€1,163 | +3.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €35,528 | €36,692 | +€1,163 | +3.3% |
| Amounts payable | 17/49 | €28,344 | €23,682 | -€4,662 | -16.4% |
| Amounts payable within one year | 42/48 | €27,675 | €22,753 | -€4,921 | -17.8% |
| Current portion of amounts payable after more than one year | 42 | €644 | €634 | -€10 | -1.6% |
| Financial debts | 43 | €8,599 | €0 | -€8,599 | -100% |
| Credit institutions | 430/8 | €8,599 | €0 | -€8,599 | -100% |
| Trade debts | 44 | €6,071 | €6,822 | +€751 | +12.4% |
| Suppliers | 440/4 | €6,071 | €6,822 | +€751 | +12.4% |
| Taxes, remuneration and social security | 45 | €1,554 | €1,554 | = | 0.0% |
| Taxes | 450/3 | €1,554 | €1,554 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €10,807 | €13,744 | +€2,937 | +27.2% |
| Accrued charges and deferred income | 492/3 | €669 | €928 | +€259 | +38.7% |
| Remuneration, social security and pensions | 62 | €806 | €0 | -€806 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,590 | €5,566 | -€3,024 | -35.2% |
| Other operating charges | 640/8 | €1,456 | €1,302 | -€154 | -10.6% |
| Gross operating margin | 9900 | €22,233 | €10,380 | -€11,853 | -53.3% |
| Operating profit (loss) | 9901 | €11,381 | €3,513 | -€7,868 | -69.1% |
| Financial income | 75/76B | €23 | €111 | +€87 | +374% |
| Recurring financial income | 75 | €23 | €111 | +€87 | +374% |
| Financial charges | 65/66B | €1,891 | €1,505 | -€386 | -20.4% |
| Recurring financial charges | 65 | €1,891 | €1,505 | -€386 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €9,513 | €2,118 | -€7,395 | -77.7% |
| Income taxes | 67/77 | €3,034 | €955 | -€2,079 | -68.5% |
| Profit (loss) for the period | 9904 | €6,479 | €1,163 | -€5,315 | -82.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,479 | €1,163 | -€5,315 | -82.0% |
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 29 October 2026 via checked.be.