TODI: 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.
TODI
Largest movements
- Cash -€98,268
down €98,268 (-38.7%), from €253,664 to €155,397
mainly Net result for the year (-€181,621) and Investment in fixed assets (net) (-€145,504)
- Tangible fixed assets +€83,696
up €83,696 (+46.4%), from €180,500 to €264,196
of which Other tangible fixed assets: +€115,272
- Receivables within one year -€27,219
down €27,219 (-34.4%), from €79,011 to €51,793
of which Trade receivables: -€45,601
- Profit (loss) carried forward -€181,621
down €181,621 (-14.1%), from -€1.3m to -€1.5m
- Trade debts +€173,985
up €173,985 (+155.9%), from €111,626 to €285,611
- Tax, wage and social debts -€77,868
down €77,868 (-61.7%), from €126,292 to €48,424
of which Remuneration and social security: -€75,258
- Debts after one year +€24,416
up €24,416 (+2.4%), from €1.0m to €1.0m
- Current portion of long-term debt +€6,249
up €6,249 (+2.5%), from €249,258 to €255,506
- Gross operating margin -€540,763
down €540,763 (-51.8%), from €1.0m to €502,669
- Staff costs -€440,172
down €440,172 (-46.1%), from €955,203 to €515,032
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €551,481 | €501,163 | -€50,317 | -9.1% |
| Fixed assets | 21/28 | €199,000 | €277,696 | +€78,696 | +39.5% |
| Intangible fixed assets | 21 | €17,500 | €12,500 | -€5,000 | -28.6% |
| Tangible fixed assets | 22/27 | €180,500 | €264,196 | +€83,696 | +46.4% |
| Plant, machinery and equipment | 23 | €70,985 | €42,940 | -€28,045 | -39.5% |
| Furniture and vehicles | 24 | €12,823 | €9,291 | -€3,532 | -27.5% |
| Other tangible fixed assets | 26 | €96,693 | €211,965 | +€115,272 | +119.2% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €352,480 | €223,467 | -€129,013 | -36.6% |
| Amounts receivable within one year | 40/41 | €79,011 | €51,793 | -€27,219 | -34.4% |
| Trade receivables | 40 | €79,011 | €33,410 | -€45,601 | -57.7% |
| Other amounts receivable | 41 | - | €18,383 | +€18,383 | |
| Cash at bank and in hand | 54/58 | €253,664 | €155,397 | -€98,268 | -38.7% |
| Deferred charges and accrued income | 490/1 | €19,805 | €16,278 | -€3,527 | -17.8% |
| Total equity and liabilities | 10/49 | €551,481 | €501,163 | -€50,317 | -9.1% |
| Equity | 10/15 | -€946,722 | -€1,128,342 | -€181,621 | -19.2% |
| Contributions | 10/11 | €338,485 | €338,485 | = | 0.0% |
| Capital | 10 | €338,485 | €338,485 | = | 0.0% |
| Issued capital | 100 | €338,485 | €338,485 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,285,207 | -€1,466,827 | -€181,621 | -14.1% |
| Amounts payable | 17/49 | €1,498,202 | €1,629,505 | +€131,303 | +8.8% |
| Amounts payable after more than one year | 17 | €1,000,646 | €1,025,062 | +€24,416 | +2.4% |
| Financial debts | 170/4 | €1,000,646 | €1,025,062 | +€24,416 | +2.4% |
| Amounts payable within one year | 42/48 | €497,556 | €604,443 | +€106,887 | +21.5% |
| Current portion of amounts payable after more than one year | 42 | €249,258 | €255,506 | +€6,249 | +2.5% |
| Trade debts | 44 | €111,626 | €285,611 | +€173,985 | +155.9% |
| Suppliers | 440/4 | €111,626 | €285,611 | +€173,985 | +155.9% |
| Advances received on contracts in progress | 46 | €10,380 | €14,901 | +€4,521 | +43.6% |
| Taxes, remuneration and social security | 45 | €126,292 | €48,424 | -€77,868 | -61.7% |
| Taxes | 450/3 | €12,040 | €9,430 | -€2,610 | -21.7% |
| Remuneration and social security | 454/9 | €114,253 | €38,994 | -€75,258 | -65.9% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €955,203 | €515,032 | -€440,172 | -46.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,942 | €66,808 | +€1,867 | +2.9% |
| Other operating charges | 640/8 | €31,972 | €32,127 | +€155 | +0.5% |
| Non-recurring operating charges | 66A | €1,971 | €18,421 | +€16,450 | +834.5% |
| Gross operating margin | 9900 | €1,043,432 | €502,669 | -€540,763 | -51.8% |
| Operating profit (loss) | 9901 | -€10,656 | -€129,719 | -€119,063 | -1117.3% |
| Financial income | 75/76B | €1,283 | €497 | -€787 | -61.3% |
| Recurring financial income | 75 | €1,283 | €497 | -€787 | -61.3% |
| Financial charges | 65/66B | €50,870 | €52,220 | +€1,350 | +2.7% |
| Recurring financial charges | 65 | €50,870 | €52,220 | +€1,350 | +2.7% |
| Profit (loss) for the period before taxes | 9903 | -€60,242 | -€181,442 | -€121,200 | -201.2% |
| Income taxes | 67/77 | €162 | €179 | +€17 | +10.4% |
| Profit (loss) for the period | 9904 | -€60,404 | -€181,621 | -€121,217 | -200.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,404 | -€181,621 | -€121,217 | -200.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.