TOBY DE BACKER: 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.
TOBY DE BACKER
Largest movements
- Receivables within one year +€230
up €230 (+22.2%), from €1,037 to €1,268
- Other debts +€2,741
up €2,741 (+71.5%), from €3,836 to €6,577
- Profit (loss) carried forward -€1,462
down €1,462 (-7.5%), from -€19,419 to -€20,881
- Trade debts -€1,275
no longer reported in 2025 (was €1,275)
- Short-term financial debts +€197
up €197 (+3.9%), from €5,022 to €5,219
- Gross operating margin +€526
up €526 (+41.6%), from -€1,264 to -€738
- Depreciation -€92
down €92 (-75.7%), from €122 to €30
- Financial charges -€56
down €56 (-7.5%), from €751 to €695
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,906 | €17,106 | +€201 | +1.2% |
| Fixed assets | 21/28 | €30 | - | -€30 | |
| Tangible fixed assets | 22/27 | €30 | - | -€30 | |
| Furniture and vehicles | 24 | €30 | - | -€30 | |
| Current assets | 29/58 | €16,876 | €17,106 | +€230 | +1.4% |
| Amounts receivable within one year | 40/41 | €1,037 | €1,268 | +€230 | +22.2% |
| Other amounts receivable | 41 | €1,037 | €1,268 | +€230 | +22.2% |
| Deferred charges and accrued income | 490/1 | €15,839 | €15,839 | = | 0.0% |
| Total equity and liabilities | 10/49 | €16,906 | €17,106 | +€201 | +1.2% |
| Equity | 10/15 | €6,773 | €5,311 | -€1,462 | -21.6% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Outside capital | 11 | - | €1 | +€1 | |
| Other | 1109/19 | - | €1 | +€1 | |
| Reserves | 13 | €26,191 | €26,191 | = | 0.0% |
| Distributable reserves | 133 | €26,191 | €26,191 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,419 | -€20,881 | -€1,462 | -7.5% |
| Amounts payable | 17/49 | €10,133 | €11,796 | +€1,663 | +16.4% |
| Amounts payable within one year | 42/48 | €10,133 | €11,796 | +€1,663 | +16.4% |
| Financial debts | 43 | €5,022 | €5,219 | +€197 | +3.9% |
| Credit institutions | 430/8 | €5,022 | €5,219 | +€197 | +3.9% |
| Trade debts | 44 | €1,275 | - | -€1,275 | |
| Suppliers | 440/4 | €1,275 | - | -€1,275 | |
| Other amounts payable | 47/48 | €3,836 | €6,577 | +€2,741 | +71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122 | €30 | -€92 | -75.7% |
| Gross operating margin | 9900 | -€1,264 | -€738 | +€526 | +41.6% |
| Operating profit (loss) | 9901 | -€1,386 | -€767 | +€619 | +44.6% |
| Financial charges | 65/66B | €751 | €695 | -€56 | -7.5% |
| Recurring financial charges | 65 | €751 | €695 | -€56 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | -€2,137 | -€1,462 | +€675 | +31.6% |
| Profit (loss) for the period | 9904 | -€2,137 | -€1,462 | +€675 | +31.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,137 | -€1,462 | +€675 | +31.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.