Todos: 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.
Todos
Largest movements
- Stocks and contracts -€76,760
down €76,760 (-22.1%), from €346,960 to €270,200
- Receivables within one year +€60,597
up €60,597 (+36.4%), from €166,516 to €227,114
of which Trade receivables: +€65,114
- Tangible fixed assets +€39,673
up €39,673 (+34.3%), from €115,818 to €155,491
- Other debts +€10,000
up €10,000 (+1.1%), from €881,559 to €891,559
- Tax, wage and social debts +€9,593
up €9,593 (+148.1%), from €6,479 to €16,071
of which Taxes: +€9,360
- Profit (loss) carried forward +€8,069
up €8,069 (+2.1%), from -€377,529 to -€369,460
- Depreciation +€22,646
up €22,646 (+233.9%), from €9,682 to €32,327
- Gross operating margin -€17,331
down €17,331 (-12.6%), from €137,716 to €120,384
- Other operating charges -€3,045
down €3,045 (-59.4%), from €5,126 to €2,082
- Staff costs +€1,577
up €1,577 (+2.2%), from €70,159 to €71,735
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 | €633,734 | €656,379 | +€22,645 | +3.6% |
| Fixed assets | 21/28 | €115,818 | €155,491 | +€39,673 | +34.3% |
| Tangible fixed assets | 22/27 | €115,818 | €155,491 | +€39,673 | +34.3% |
| Furniture and vehicles | 24 | €115,818 | €155,491 | +€39,673 | +34.3% |
| Current assets | 29/58 | €517,916 | €500,888 | -€17,028 | -3.3% |
| Stocks and contracts in progress | 3 | €346,960 | €270,200 | -€76,760 | -22.1% |
| Stocks | 30/36 | €346,960 | €270,200 | -€76,760 | -22.1% |
| Amounts receivable within one year | 40/41 | €166,516 | €227,114 | +€60,597 | +36.4% |
| Trade receivables | 40 | €162,000 | €227,114 | +€65,114 | +40.2% |
| Other amounts receivable | 41 | €4,516 | - | -€4,516 | |
| Cash at bank and in hand | 54/58 | €391 | €180 | -€211 | -54.0% |
| Deferred charges and accrued income | 490/1 | €4,049 | €3,394 | -€654 | -16.2% |
| Total equity and liabilities | 10/49 | €633,734 | €656,379 | +€22,645 | +3.6% |
| Equity | 10/15 | -€326,629 | -€318,560 | +€8,069 | +2.5% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €900 | €900 | = | 0.0% |
| Distributable reserves | 133 | €900 | €900 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€377,529 | -€369,460 | +€8,069 | +2.1% |
| Amounts payable | 17/49 | €960,363 | €974,939 | +€14,576 | +1.5% |
| Amounts payable within one year | 42/48 | €960,169 | €974,739 | +€14,570 | +1.5% |
| Financial debts | 43 | €59,024 | €57,009 | -€2,015 | -3.4% |
| Credit institutions | 430/8 | €59,024 | €57,009 | -€2,015 | -3.4% |
| Trade debts | 44 | €13,107 | €10,099 | -€3,008 | -23.0% |
| Suppliers | 440/4 | €13,107 | €10,099 | -€3,008 | -23.0% |
| Taxes, remuneration and social security | 45 | €6,479 | €16,071 | +€9,593 | +148.1% |
| Taxes | 450/3 | €25 | €9,385 | +€9,360 | +37455.0% |
| Remuneration and social security | 454/9 | €6,454 | €6,686 | +€233 | +3.6% |
| Other amounts payable | 47/48 | €881,559 | €891,559 | +€10,000 | +1.1% |
| Accrued charges and deferred income | 492/3 | €194 | €200 | +€6 | +3.2% |
| Non-recurring operating income | 76A | €3,000 | - | -€3,000 | |
| Remuneration, social security and pensions | 62 | €70,159 | €71,735 | +€1,577 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,682 | €32,327 | +€22,646 | +233.9% |
| Other operating charges | 640/8 | €5,126 | €2,082 | -€3,045 | -59.4% |
| Non-recurring operating charges | 66A | €23,909 | - | -€23,909 | |
| Gross operating margin | 9900 | €137,716 | €120,384 | -€17,331 | -12.6% |
| Operating profit (loss) | 9901 | €28,840 | €14,240 | -€14,600 | -50.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €6,314 | €6,171 | -€143 | -2.3% |
| Recurring financial charges | 65 | €6,314 | €6,171 | -€143 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | €22,526 | €8,069 | -€14,457 | -64.2% |
| Profit (loss) for the period | 9904 | €22,526 | €8,069 | -€14,457 | -64.2% |
| Profit (loss) for the period to be appropriated | 9905 | €22,526 | €8,069 | -€14,457 | -64.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.