TODECO: 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.
TODECO
Largest movements
- Tangible fixed assets -€5,047
down €5,047 (-1.7%), from €294,038 to €288,991
of which Leasing and similar rights: -€4,958
- Debts after one year -€4,958
down €4,958 (-33.4%), from €14,860 to €9,902
- Other debts +€4,958
up €4,958 (+1.1%), from €431,268 to €436,226
- Profit (loss) carried forward -€4,457
down €4,457 (-0.5%), from -€858,929 to -€863,385
- Gross operating margin +€4,354
up €4,354 (+810.2%), from €537 to €4,891
- Other operating charges +€2,341
up €2,341 (+134.7%), from €1,738 to €4,079
- Financial charges -€444
down €444 (-66.8%), from €666 to €221
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 | €432,536 | €426,140 | -€6,397 | -1.5% |
| Fixed assets | 21/28 | €294,038 | €288,991 | -€5,047 | -1.7% |
| Tangible fixed assets | 22/27 | €294,038 | €288,991 | -€5,047 | -1.7% |
| Land and buildings | 22 | €279,178 | €279,089 | -€90 | 0.0% |
| Leasing and similar rights | 25 | €14,860 | €9,902 | -€4,958 | -33.4% |
| Current assets | 29/58 | €138,498 | €137,149 | -€1,349 | -1.0% |
| Amounts receivable within one year | 40/41 | €511 | - | -€511 | |
| Trade receivables | 40 | €511 | - | -€511 | |
| Cash at bank and in hand | 54/58 | €137,964 | €137,124 | -€840 | -0.6% |
| Deferred charges and accrued income | 490/1 | €23 | €25 | +€2 | +8.1% |
| Total equity and liabilities | 10/49 | €432,536 | €426,140 | -€6,397 | -1.5% |
| Equity | 10/15 | -€21,357 | -€25,814 | -€4,457 | -20.9% |
| Contributions | 10/11 | €223,104 | €223,104 | = | 0.0% |
| Capital | 10 | €223,104 | €223,104 | = | 0.0% |
| Issued capital | 100 | €223,104 | €223,104 | = | 0.0% |
| Revaluation surpluses | 12 | €278,409 | €278,409 | = | 0.0% |
| Reserves | 13 | €336,059 | €336,059 | = | 0.0% |
| Non-distributable reserves | 130/1 | €22,310 | €22,310 | = | 0.0% |
| Legal reserve | 130 | €22,310 | €22,310 | = | 0.0% |
| Distributable reserves | 133 | €313,748 | €313,748 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€858,929 | -€863,385 | -€4,457 | -0.5% |
| Amounts payable | 17/49 | €453,893 | €451,953 | -€1,940 | -0.4% |
| Amounts payable after more than one year | 17 | €14,860 | €9,902 | -€4,958 | -33.4% |
| Financial debts | 170/4 | €14,860 | €9,902 | -€4,958 | -33.4% |
| Amounts payable within one year | 42/48 | €438,574 | €442,051 | +€3,477 | +0.8% |
| Current portion of amounts payable after more than one year | 42 | €4,958 | €4,958 | = | 0.0% |
| Trade debts | 44 | €2,349 | €868 | -€1,481 | -63.1% |
| Suppliers | 440/4 | €2,349 | €868 | -€1,481 | -63.1% |
| Other amounts payable | 47/48 | €431,268 | €436,226 | +€4,958 | +1.1% |
| Accrued charges and deferred income | 492/3 | €459 | - | -€459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,047 | €5,047 | = | 0.0% |
| Other operating charges | 640/8 | €1,738 | €4,079 | +€2,341 | +134.7% |
| Gross operating margin | 9900 | €537 | €4,891 | +€4,354 | +810.2% |
| Operating profit (loss) | 9901 | -€6,248 | -€4,235 | +€2,013 | +32.2% |
| Financial charges | 65/66B | €666 | €221 | -€444 | -66.8% |
| Recurring financial charges | 65 | €666 | €221 | -€444 | -66.8% |
| Profit (loss) for the period before taxes | 9903 | -€6,914 | -€4,457 | +€2,458 | +35.5% |
| Profit (loss) for the period | 9904 | -€6,914 | -€4,457 | +€2,458 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,914 | -€4,457 | +€2,458 | +35.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.