TODS: 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.
TODS
Largest movements
- Deferred charges and accrued income +€20,465
new in 2025: €20,465
- Receivables within one year +€5,601
up €5,601 (+33.1%), from €16,903 to €22,504
of which Other amounts receivable: +€8,540
- Cash +€542
new in 2025: €542
mainly Other debts (+€121,060) and Tax, wage and social debts (+€6,567)
- Other debts +€121,060
up €121,060 (+44.8%), from €270,450 to €391,510
- Profit (loss) carried forward -€86,263
down €86,263 (-29.4%), from -€293,814 to -€380,078
- Short-term financial debts -€19,915
down €19,915 (-84.8%), from €23,483 to €3,568
- Tax, wage and social debts +€6,567
up €6,567 (+10186.8%), from €64 to €6,632
- Trade debts +€5,159
up €5,159 (+125.2%), from €4,120 to €9,279
- Gross operating margin +€94,065
up €94,065 (+52.9%), from -€177,831 to -€83,765
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 | €22,903 | €49,511 | +€26,608 | +116.2% |
| Fixed assets | 21/28 | €6,000 | €6,000 | = | 0.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €16,903 | €43,511 | +€26,608 | +157.4% |
| Amounts receivable within one year | 40/41 | €16,903 | €22,504 | +€5,601 | +33.1% |
| Trade receivables | 40 | €15,573 | €12,633 | -€2,939 | -18.9% |
| Other amounts receivable | 41 | €1,331 | €9,870 | +€8,540 | +641.8% |
| Cash at bank and in hand | 54/58 | - | €542 | +€542 | |
| Deferred charges and accrued income | 490/1 | - | €20,465 | +€20,465 | |
| Total equity and liabilities | 10/49 | €22,903 | €49,511 | +€26,608 | +116.2% |
| Equity | 10/15 | -€275,214 | -€361,478 | -€86,263 | -31.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€293,814 | -€380,078 | -€86,263 | -29.4% |
| Amounts payable | 17/49 | €298,118 | €410,989 | +€112,871 | +37.9% |
| Amounts payable within one year | 42/48 | €298,118 | €410,989 | +€112,871 | +37.9% |
| Financial debts | 43 | €23,483 | €3,568 | -€19,915 | -84.8% |
| Credit institutions | 430/8 | €23,483 | €3,568 | -€19,915 | -84.8% |
| Trade debts | 44 | €4,120 | €9,279 | +€5,159 | +125.2% |
| Suppliers | 440/4 | €4,120 | €9,279 | +€5,159 | +125.2% |
| Taxes, remuneration and social security | 45 | €64 | €6,632 | +€6,567 | +10186.8% |
| Taxes | 450/3 | €64 | €6,632 | +€6,567 | +10186.8% |
| Other amounts payable | 47/48 | €270,450 | €391,510 | +€121,060 | +44.8% |
| Other operating charges | 640/8 | €387 | €838 | +€451 | +116.4% |
| Gross operating margin | 9900 | -€177,831 | -€83,765 | +€94,065 | +52.9% |
| Operating profit (loss) | 9901 | -€178,218 | -€84,604 | +€93,614 | +52.5% |
| Financial income | 75/76B | €2 | €0 | -€2 | -98.2% |
| Recurring financial income | 75 | €2 | €0 | -€2 | -98.2% |
| Financial charges | 65/66B | €1,517 | €498 | -€1,019 | -67.2% |
| Recurring financial charges | 65 | €1,517 | €498 | -€1,019 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | -€179,734 | -€85,102 | +€94,632 | +52.7% |
| Income taxes | 67/77 | €64 | €1,162 | +€1,097 | +1701.9% |
| Profit (loss) for the period | 9904 | -€179,798 | -€86,263 | +€93,535 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€179,798 | -€86,263 | +€93,535 | +52.0% |
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 9 October 2026 via checked.be.