TODRI: 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.
TODRI
Largest movements
- Cash +€88,576
up €88,576 (+84.0%), from €105,442 to €194,018
mainly Depreciation (+€62,629) and Net result for the year (+€32,446)
- Tangible fixed assets -€60,141
down €60,141 (-18.2%), from €329,676 to €269,535
of which Other tangible fixed assets: -€30,096
- Stocks and contracts +€8,130
up €8,130 (+15.9%), from €51,188 to €59,318
- Deferred charges and accrued income +€5,568
up €5,568 (+524%), from €1,063 to €6,631
- Reserves +€32,446
up €32,446 (+58.7%), from €55,249 to €87,695
- Debts after one year +€13,280
up €13,280 (+6.8%), from €194,170 to €207,451
- Other debts -€12,510
down €12,510 (-100%), from €12,510 to €0
- Current portion of long-term debt +€9,955
up €9,955 (+54.9%), from €18,149 to €28,103
- Trade debts -€8,982
down €8,982 (-27.8%), from €32,292 to €23,310
- Gross operating margin +€13,782
up €13,782 (+3.6%), from €383,928 to €397,710
- Other operating charges -€8,399
down €8,399 (-77.9%), from €10,778 to €2,379
- Financial charges +€5,103
up €5,103 (+54.4%), from €9,385 to €14,488
- Taxes +€4,849
up €4,849 (+32.1%), from €15,083 to €19,932
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 | €495,311 | €535,691 | +€40,380 | +8.2% |
| Fixed assets | 21/28 | €331,698 | €271,015 | -€60,683 | -18.3% |
| Intangible fixed assets | 21 | €1,711 | €1,170 | -€542 | -31.7% |
| Tangible fixed assets | 22/27 | €329,676 | €269,535 | -€60,141 | -18.2% |
| Land and buildings | 22 | €256,360 | €244,810 | -€11,550 | -4.5% |
| Plant, machinery and equipment | 23 | €35,043 | €15,944 | -€19,099 | -54.5% |
| Furniture and vehicles | 24 | €2,032 | €2,636 | +€604 | +29.7% |
| Other tangible fixed assets | 26 | €36,241 | €6,145 | -€30,096 | -83.0% |
| Financial fixed assets | 28 | €310 | €310 | = | 0.0% |
| Current assets | 29/58 | €163,613 | €264,676 | +€101,063 | +61.8% |
| Stocks and contracts in progress | 3 | €51,188 | €59,318 | +€8,130 | +15.9% |
| Stocks | 30/36 | €51,188 | €59,318 | +€8,130 | +15.9% |
| Amounts receivable within one year | 40/41 | €5,921 | €4,709 | -€1,212 | -20.5% |
| Trade receivables | 40 | €1,414 | €935 | -€479 | -33.9% |
| Other amounts receivable | 41 | €4,507 | €3,774 | -€732 | -16.3% |
| Cash at bank and in hand | 54/58 | €105,442 | €194,018 | +€88,576 | +84.0% |
| Deferred charges and accrued income | 490/1 | €1,063 | €6,631 | +€5,568 | +524% |
| Total equity and liabilities | 10/49 | €495,311 | €535,691 | +€40,380 | +8.2% |
| Equity | 10/15 | €135,249 | €167,695 | +€32,446 | +24.0% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €55,249 | €87,695 | +€32,446 | +58.7% |
| Distributable reserves | 133 | €55,249 | €87,695 | +€32,446 | +58.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €360,062 | €367,996 | +€7,935 | +2.2% |
| Amounts payable after more than one year | 17 | €194,170 | €207,451 | +€13,280 | +6.8% |
| Financial debts | 170/4 | €194,170 | €207,451 | +€13,280 | +6.8% |
| Amounts payable within one year | 42/48 | €164,455 | €156,920 | -€7,536 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €18,149 | €28,103 | +€9,955 | +54.9% |
| Trade debts | 44 | €32,292 | €23,310 | -€8,982 | -27.8% |
| Suppliers | 440/4 | €32,292 | €23,310 | -€8,982 | -27.8% |
| Advances received on contracts in progress | 46 | €39,326 | €43,419 | +€4,094 | +10.4% |
| Taxes, remuneration and social security | 45 | €62,180 | €62,088 | -€92 | -0.1% |
| Taxes | 450/3 | €26,011 | €25,742 | -€269 | -1.0% |
| Remuneration and social security | 454/9 | €36,169 | €36,346 | +€177 | +0.5% |
| Other amounts payable | 47/48 | €12,510 | €0 | -€12,510 | -100% |
| Accrued charges and deferred income | 492/3 | €1,436 | €3,626 | +€2,190 | +152% |
| Remuneration, social security and pensions | 62 | €263,476 | €265,926 | +€2,449 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,239 | €62,629 | -€1,611 | -2.5% |
| Other operating charges | 640/8 | €10,778 | €2,379 | -€8,399 | -77.9% |
| Gross operating margin | 9900 | €383,928 | €397,710 | +€13,782 | +3.6% |
| Operating profit (loss) | 9901 | €45,435 | €66,777 | +€21,342 | +47.0% |
| Financial income | 75/76B | €89 | €88 | -€0 | -0.5% |
| Recurring financial income | 75 | €89 | €88 | -€0 | -0.5% |
| Financial charges | 65/66B | €9,385 | €14,488 | +€5,103 | +54.4% |
| Recurring financial charges | 65 | €9,385 | €14,488 | +€5,103 | +54.4% |
| Profit (loss) for the period before taxes | 9903 | €36,139 | €52,378 | +€16,239 | +44.9% |
| Income taxes | 67/77 | €15,083 | €19,932 | +€4,849 | +32.1% |
| Profit (loss) for the period | 9904 | €21,056 | €32,446 | +€11,390 | +54.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,056 | €32,446 | +€11,390 | +54.1% |
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 14 October 2026 via checked.be.