Todts: 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.
Todts
Largest movements
- Receivables after one year -€25,000
down €25,000 (-25.0%), from €100,000 to €75,000
- Receivables within one year +€9,040
up €9,040 (+64.5%), from €14,021 to €23,061
of which Trade receivables: +€8,783
- Cash +€8,940
up €8,940 (+19.5%), from €45,844 to €54,784
mainly Net result for the year (+€25,001) and Receivables after one year (+€25,000)
- Tangible fixed assets -€2,863
down €2,863 (-29.0%), from €9,881 to €7,018
of which Furniture and vehicles: -€2,129
- Other debts -€33,094
down €33,094 (-46.2%), from €71,695 to €38,601
- Reserves +€23,283
up €23,283 (+29.5%), from €78,991 to €102,274
- Tax, wage and social debts -€4,681
down €4,681 (-52.8%), from €8,865 to €4,185
- Trade debts +€3,182
up €3,182 (+53.9%), from €5,909 to €9,091
- Gross operating margin +€11,614
up €11,614 (+49.5%), from €23,458 to €35,072
- Taxes +€3,373
up €3,373 (+84.5%), from €3,990 to €7,362
- Financial income -€564
down €564 (-19.8%), from €2,852 to €2,288
- Depreciation +€561
up €561 (+24.4%), from €2,302 to €2,863
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 | €171,659 | €160,351 | -€11,308 | -6.6% |
| Fixed assets | 21/28 | €9,881 | €7,018 | -€2,863 | -29.0% |
| Tangible fixed assets | 22/27 | €9,881 | €7,018 | -€2,863 | -29.0% |
| Plant, machinery and equipment | 23 | €3,593 | €2,858 | -€735 | -20.4% |
| Furniture and vehicles | 24 | €6,288 | €4,160 | -€2,129 | -33.8% |
| Current assets | 29/58 | €161,778 | €153,333 | -€8,445 | -5.2% |
| Amounts receivable after more than one year | 29 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Other amounts receivable | 291 | €100,000 | €75,000 | -€25,000 | -25.0% |
| Amounts receivable within one year | 40/41 | €14,021 | €23,061 | +€9,040 | +64.5% |
| Trade receivables | 40 | €14,021 | €22,804 | +€8,783 | +62.6% |
| Other amounts receivable | 41 | €0 | €257 | +€257 | |
| Cash at bank and in hand | 54/58 | €45,844 | €54,784 | +€8,940 | +19.5% |
| Deferred charges and accrued income | 490/1 | €1,913 | €488 | -€1,426 | -74.5% |
| Total equity and liabilities | 10/49 | €171,659 | €160,351 | -€11,308 | -6.6% |
| Equity | 10/15 | €85,191 | €108,474 | +€23,283 | +27.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,991 | €102,274 | +€23,283 | +29.5% |
| Distributable reserves | 133 | €78,991 | €102,274 | +€23,283 | +29.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,468 | €51,877 | -€34,592 | -40.0% |
| Amounts payable within one year | 42/48 | €86,468 | €51,877 | -€34,592 | -40.0% |
| Trade debts | 44 | €5,909 | €9,091 | +€3,182 | +53.9% |
| Suppliers | 440/4 | €5,909 | €9,091 | +€3,182 | +53.9% |
| Taxes, remuneration and social security | 45 | €8,865 | €4,185 | -€4,681 | -52.8% |
| Taxes | 450/3 | €8,865 | €4,185 | -€4,681 | -52.8% |
| Other amounts payable | 47/48 | €71,695 | €38,601 | -€33,094 | -46.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,302 | €2,863 | +€561 | +24.4% |
| Other operating charges | 640/8 | €1,900 | €1,919 | +€19 | +1.0% |
| Gross operating margin | 9900 | €23,458 | €35,072 | +€11,614 | +49.5% |
| Operating profit (loss) | 9901 | €19,255 | €30,290 | +€11,034 | +57.3% |
| Financial income | 75/76B | €2,852 | €2,288 | -€564 | -19.8% |
| Recurring financial income | 75 | €2,852 | €2,288 | -€564 | -19.8% |
| Financial charges | 65/66B | €213 | €213 | +€0 | 0.0% |
| Recurring financial charges | 65 | €213 | €213 | +€0 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €21,894 | €32,364 | +€10,470 | +47.8% |
| Income taxes | 67/77 | €3,990 | €7,362 | +€3,373 | +84.5% |
| Profit (loss) for the period | 9904 | €17,904 | €25,001 | +€7,097 | +39.6% |
| Profit (loss) for the period to be appropriated | 9905 | €17,904 | €25,001 | +€7,097 | +39.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.