Toedoe: 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.
Toedoe
Largest movements
- Tangible fixed assets +€39,976
up €39,976 (+185.9%), from €21,505 to €61,481
of which Furniture and vehicles: +€40,516
- Receivables within one year -€12,439
down €12,439 (-36.5%), from €34,095 to €21,657
of which Trade receivables: -€11,587
- Cash -€2,601
down €2,601 (-6.8%), from €38,367 to €35,765
mainly Investment in fixed assets (net) (-€47,571) and Tax, wage and social debts (-€9,148)
- Debts after one year +€21,914
new in 2025: €21,914
- Other debts +€14,408
up €14,408 (+409.9%), from €3,515 to €17,923
- Tax, wage and social debts -€9,148
down €9,148 (-52.7%), from €17,358 to €8,211
of which Taxes: -€8,648
- Profit (loss) carried forward -€5,867
down €5,867 (-15.6%), from €37,652 to €31,785
- Current portion of long-term debt +€5,232
new in 2025: €5,232
- Gross operating margin -€18,022
down €18,022 (-85.5%), from €21,077 to €3,055
- Depreciation +€5,519
up €5,519 (+265.8%), from €2,076 to €7,595
- Taxes -€4,011
no longer reported in 2025 (was €4,011)
- Other operating charges +€329
up €329 (+72.9%), from €451 to €780
- Financial income -€306
down €306 (-99.8%), from €306 to €1
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 | €95,635 | €120,685 | +€25,051 | +26.2% |
| Fixed assets | 21/28 | €21,878 | €61,854 | +€39,976 | +182.7% |
| Tangible fixed assets | 22/27 | €21,505 | €61,481 | +€39,976 | +185.9% |
| Plant, machinery and equipment | 23 | €9,592 | €9,053 | -€539 | -5.6% |
| Furniture and vehicles | 24 | €11,912 | €52,428 | +€40,516 | +340.1% |
| Financial fixed assets | 28 | €373 | €373 | = | 0.0% |
| Current assets | 29/58 | €73,757 | €58,832 | -€14,926 | -20.2% |
| Amounts receivable within one year | 40/41 | €34,095 | €21,657 | -€12,439 | -36.5% |
| Trade receivables | 40 | €25,937 | €14,350 | -€11,587 | -44.7% |
| Other amounts receivable | 41 | €8,159 | €7,307 | -€852 | -10.4% |
| Cash at bank and in hand | 54/58 | €38,367 | €35,765 | -€2,601 | -6.8% |
| Deferred charges and accrued income | 490/1 | €1,295 | €1,409 | +€114 | +8.8% |
| Total equity and liabilities | 10/49 | €95,635 | €120,685 | +€25,051 | +26.2% |
| Equity | 10/15 | €47,652 | €41,785 | -€5,867 | -12.3% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €37,652 | €31,785 | -€5,867 | -15.6% |
| Amounts payable | 17/49 | €47,983 | €78,901 | +€30,917 | +64.4% |
| Amounts payable after more than one year | 17 | - | €21,914 | +€21,914 | |
| Financial debts | 170/4 | - | €21,914 | +€21,914 | |
| Amounts payable within one year | 42/48 | €47,983 | €56,987 | +€9,003 | +18.8% |
| Current portion of amounts payable after more than one year | 42 | - | €5,232 | +€5,232 | |
| Trade debts | 44 | €24,740 | €23,251 | -€1,490 | -6.0% |
| Suppliers | 440/4 | €24,740 | €23,251 | -€1,490 | -6.0% |
| Advances received on contracts in progress | 46 | €2,370 | €2,370 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €17,358 | €8,211 | -€9,148 | -52.7% |
| Taxes | 450/3 | €14,858 | €6,211 | -€8,648 | -58.2% |
| Remuneration and social security | 454/9 | €2,500 | €2,000 | -€500 | -20.0% |
| Other amounts payable | 47/48 | €3,515 | €17,923 | +€14,408 | +409.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,076 | €7,595 | +€5,519 | +265.8% |
| Other operating charges | 640/8 | €451 | €780 | +€329 | +72.9% |
| Gross operating margin | 9900 | €21,077 | €3,055 | -€18,022 | -85.5% |
| Operating profit (loss) | 9901 | €18,550 | -€5,320 | -€23,870 | |
| Financial income | 75/76B | €306 | €1 | -€306 | -99.8% |
| Recurring financial income | 75 | €306 | €1 | -€306 | -99.8% |
| Financial charges | 65/66B | €619 | €548 | -€71 | -11.4% |
| Recurring financial charges | 65 | €119 | €548 | +€429 | +361.1% |
| Non-recurring financial charges | 66B | €500 | - | -€500 | |
| Profit (loss) for the period before taxes | 9903 | €18,238 | -€5,867 | -€24,105 | |
| Income taxes | 67/77 | €4,011 | - | -€4,011 | |
| Profit (loss) for the period | 9904 | €14,227 | -€5,867 | -€20,094 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,227 | -€5,867 | -€20,094 |
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 7 October 2026 via checked.be.