Todecom: 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.
Todecom
Largest movements
- Current investments -€944,007
down €944,007 (-44.0%), from €2.1m to €1.2m
- Cash +€238,125
up €238,125 (+161%), from €148,090 to €386,215
mainly Net result for the year (+€1.3m) and Current investments (+€944,007)
- Reserves +€1.3m
up €1.3m (+24.0%), from €5.4m to €6.6m
- Other debts -€1.3m
down €1.3m (-91.4%), from €1.4m to €118,978
- Current portion of long-term debt -€710,716
down €710,716 (-100%), from €710,716 to €0
- Financial income +€115,798
up €115,798 (+9.9%), from €1.2m to €1.3m
- Taxes +€26,851
up €26,851 (+22.3%), from €120,207 to €147,059
- Other operating charges +€4,727
up €4,727 (+209%), from €2,258 to €6,985
- Gross operating margin +€4,224
up €4,224 (+2.6%), from €164,868 to €169,092
- Financial charges +€2,791
up €2,791 (+21.5%), from €12,976 to €15,767
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 | €17,383,774 | €16,712,840 | -€670,934 | -3.9% |
| Fixed assets | 21/28 | €15,012,473 | €15,021,619 | +€9,146 | +0.1% |
| Tangible fixed assets | 22/27 | €12,473 | €21,619 | +€9,146 | +73.3% |
| Furniture and vehicles | 24 | €12,119 | €21,330 | +€9,211 | +76.0% |
| Other tangible fixed assets | 26 | €354 | €289 | -€65 | -18.3% |
| Financial fixed assets | 28 | €15,000,000 | €15,000,000 | = | 0.0% |
| Current assets | 29/58 | €2,371,301 | €1,691,221 | -€680,080 | -28.7% |
| Amounts receivable within one year | 40/41 | €71,714 | €95,664 | +€23,950 | +33.4% |
| Trade receivables | 40 | €23,902 | €46,667 | +€22,765 | +95.2% |
| Other amounts receivable | 41 | €47,812 | €48,996 | +€1,184 | +2.5% |
| Current investments | 50/53 | €2,144,007 | €1,200,000 | -€944,007 | -44.0% |
| Cash at bank and in hand | 54/58 | €148,090 | €386,215 | +€238,125 | +161% |
| Deferred charges and accrued income | 490/1 | €7,490 | €9,342 | +€1,852 | +24.7% |
| Total equity and liabilities | 10/49 | €17,383,774 | €16,712,840 | -€670,934 | -3.9% |
| Equity | 10/15 | €12,038,749 | €13,323,878 | +€1.3m | +10.7% |
| Contributions | 10/11 | €6,679,067 | €6,679,067 | = | 0.0% |
| Reserves | 13 | €5,359,682 | €6,644,811 | +€1.3m | +24.0% |
| Distributable reserves | 133 | €5,359,682 | €6,644,811 | +€1.3m | +24.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,345,026 | €3,388,963 | -€2.0m | -36.6% |
| Amounts payable after more than one year | 17 | €3,000,000 | €3,000,000 | = | 0.0% |
| Financial debts | 170/4 | €3,000,000 | €3,000,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €2,335,070 | €368,057 | -€2.0m | -84.2% |
| Current portion of amounts payable after more than one year | 42 | €710,716 | €0 | -€710,716 | -100% |
| Trade debts | 44 | €14,678 | €10,356 | -€4,322 | -29.4% |
| Suppliers | 440/4 | €14,678 | €10,356 | -€4,322 | -29.4% |
| Taxes, remuneration and social security | 45 | €225,279 | €238,723 | +€13,443 | +6.0% |
| Taxes | 450/3 | €223,009 | €236,428 | +€13,420 | +6.0% |
| Remuneration and social security | 454/9 | €2,271 | €2,294 | +€23 | +1.0% |
| Other amounts payable | 47/48 | €1,384,396 | €118,978 | -€1.3m | -91.4% |
| Accrued charges and deferred income | 492/3 | €9,956 | €20,906 | +€10,950 | +110% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,292 | €2,487 | +€196 | +8.5% |
| Other operating charges | 640/8 | €2,258 | €6,985 | +€4,727 | +209% |
| Gross operating margin | 9900 | €164,868 | €169,092 | +€4,224 | +2.6% |
| Operating profit (loss) | 9901 | €160,318 | €159,620 | -€698 | -0.4% |
| Financial income | 75/76B | €1,172,536 | €1,288,334 | +€115,798 | +9.9% |
| Recurring financial income | 75 | €1,172,536 | €1,288,334 | +€115,798 | +9.9% |
| Financial charges | 65/66B | €12,976 | €15,767 | +€2,791 | +21.5% |
| Recurring financial charges | 65 | €12,976 | €15,767 | +€2,791 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €1,319,879 | €1,432,187 | +€112,309 | +8.5% |
| Income taxes | 67/77 | €120,207 | €147,059 | +€26,851 | +22.3% |
| Profit (loss) for the period | 9904 | €1,199,671 | €1,285,129 | +€85,457 | +7.1% |
| Profit (loss) for the period to be appropriated | 9905 | €1,199,671 | €1,285,129 | +€85,457 | +7.1% |
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 23 October 2026 via checked.be.