Todeco: 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.
Todeco
Largest movements
- Receivables within one year -€10,728
down €10,728 (-25.7%), from €41,771 to €31,043
of which Other amounts receivable: -€10,501
- Cash +€10,086
up €10,086 (+29.4%), from €34,322 to €44,408
mainly Net result for the year (+€38,438) and Receivables within one year (+€10,728)
- Profit (loss) carried forward +€15,438
up €15,438 (+164%), from €9,387 to €24,825
- Other debts -€9,500
down €9,500 (-29.2%), from €32,500 to €23,000
- Tax, wage and social debts -€8,826
down €8,826 (-52.4%), from €16,832 to €8,006
- Trade debts +€1,646
up €1,646 (+418%), from €394 to €2,040
- Gross operating margin -€2,518
down €2,518 (-4.4%), from €57,364 to €54,846
- Financial income -€760
down €760 (-36.8%), from €2,063 to €1,303
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 | €77,113 | €75,871 | -€1,242 | -1.6% |
| Fixed assets | 21/28 | €1,020 | €420 | -€600 | -58.8% |
| Tangible fixed assets | 22/27 | €1,020 | €420 | -€600 | -58.8% |
| Furniture and vehicles | 24 | €1,020 | €420 | -€600 | -58.8% |
| Current assets | 29/58 | €76,093 | €75,451 | -€642 | -0.8% |
| Amounts receivable within one year | 40/41 | €41,771 | €31,043 | -€10,728 | -25.7% |
| Trade receivables | 40 | €12,483 | €12,256 | -€227 | -1.8% |
| Other amounts receivable | 41 | €29,288 | €18,787 | -€10,501 | -35.9% |
| Cash at bank and in hand | 54/58 | €34,322 | €44,408 | +€10,086 | +29.4% |
| Total equity and liabilities | 10/49 | €77,113 | €75,871 | -€1,242 | -1.6% |
| Equity | 10/15 | €27,387 | €42,825 | +€15,438 | +56.4% |
| Reserves | 13 | €18,000 | €18,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €615 | €615 | = | 0.0% |
| Reserves not available under the articles | 1311 | €615 | €615 | = | 0.0% |
| Distributable reserves | 133 | €17,385 | €17,385 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,387 | €24,825 | +€15,438 | +164% |
| Amounts payable | 17/49 | €49,726 | €33,046 | -€16,680 | -33.5% |
| Amounts payable within one year | 42/48 | €49,726 | €33,046 | -€16,680 | -33.5% |
| Trade debts | 44 | €394 | €2,040 | +€1,646 | +418% |
| Suppliers | 440/4 | €394 | €2,040 | +€1,646 | +418% |
| Taxes, remuneration and social security | 45 | €16,832 | €8,006 | -€8,826 | -52.4% |
| Taxes | 450/3 | €16,832 | €8,006 | -€8,826 | -52.4% |
| Other amounts payable | 47/48 | €32,500 | €23,000 | -€9,500 | -29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €638 | €600 | -€38 | -6.0% |
| Other operating charges | 640/8 | €928 | €883 | -€45 | -4.8% |
| Gross operating margin | 9900 | €57,364 | €54,846 | -€2,518 | -4.4% |
| Operating profit (loss) | 9901 | €55,798 | €53,363 | -€2,435 | -4.4% |
| Financial income | 75/76B | €2,063 | €1,303 | -€760 | -36.8% |
| Recurring financial income | 75 | €2,063 | €1,303 | -€760 | -36.8% |
| Financial charges | 65/66B | €140 | €140 | = | 0.0% |
| Recurring financial charges | 65 | €140 | €140 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €57,721 | €54,526 | -€3,195 | -5.5% |
| Income taxes | 67/77 | €15,925 | €16,088 | +€163 | +1.0% |
| Profit (loss) for the period | 9904 | €41,796 | €38,438 | -€3,358 | -8.0% |
| Profit (loss) for the period to be appropriated | 9905 | €41,796 | €38,438 | -€3,358 | -8.0% |
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 16 October 2026 via checked.be.