TOEM: 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.
TOEM
Largest movements
- Cash +€9,305
up €9,305 (+34.9%), from €26,623 to €35,927
mainly Other debts (+€25,556) and Depreciation (+€9,642)
- Tangible fixed assets +€7,010
up €7,010 (+26.3%), from €26,609 to €33,619
of which Other tangible fixed assets: +€10,286
- Receivables within one year -€6,212
down €6,212 (-39.1%), from €15,870 to €9,658
- Stocks and contracts -€2,432
down €2,432 (-8.9%), from €27,169 to €24,738
- Tax, wage and social debts -€28,978
down €28,978 (-22.4%), from €129,589 to €100,611
of which Remuneration and social security: -€46,411
- Other debts +€25,556
up €25,556 (+113.2%), from €22,572 to €48,128
- Trade debts +€5,061
up €5,061 (+11.8%), from €43,035 to €48,096
- Short-term financial debts +€4,396
new in 2025: €4,396
- Profit (loss) carried forward +€1,636
up €1,636 (+1.3%), from -€130,079 to -€128,444
- Staff costs -€53,544
down €53,544 (-12.4%), from €431,249 to €377,706
- Other operating charges -€12,491
down €12,491 (-94.1%), from €13,268 to €777
- Financial income +€11,722
new in 2025: €11,722
- Gross operating margin +€6,700
up €6,700 (+1.7%), from €398,597 to €405,297
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 | €102,716 | €110,387 | +€7,671 | +7.5% |
| Fixed assets | 21/28 | €33,054 | €40,064 | +€7,010 | +21.2% |
| Tangible fixed assets | 22/27 | €26,609 | €33,619 | +€7,010 | +26.3% |
| Plant, machinery and equipment | 23 | €23,335 | €16,688 | -€6,648 | -28.5% |
| Furniture and vehicles | 24 | €3,274 | €6,645 | +€3,372 | +103.0% |
| Other tangible fixed assets | 26 | - | €10,286 | +€10,286 | |
| Financial fixed assets | 28 | €6,445 | €6,445 | = | 0.0% |
| Current assets | 29/58 | €69,662 | €70,323 | +€661 | +0.9% |
| Stocks and contracts in progress | 3 | €27,169 | €24,738 | -€2,432 | -8.9% |
| Stocks | 30/36 | €27,169 | €24,738 | -€2,432 | -8.9% |
| Amounts receivable within one year | 40/41 | €15,870 | €9,658 | -€6,212 | -39.1% |
| Trade receivables | 40 | €15,870 | €9,658 | -€6,212 | -39.1% |
| Cash at bank and in hand | 54/58 | €26,623 | €35,927 | +€9,305 | +34.9% |
| Total equity and liabilities | 10/49 | €102,716 | €110,387 | +€7,671 | +7.5% |
| Equity | 10/15 | -€92,480 | -€90,845 | +€1,636 | +1.8% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €17,139 | €17,139 | = | 0.0% |
| Tax-exempt reserves | 132 | €17,139 | €17,139 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€130,079 | -€128,444 | +€1,636 | +1.3% |
| Amounts payable | 17/49 | €195,196 | €201,232 | +€6,036 | +3.1% |
| Amounts payable within one year | 42/48 | €195,196 | €201,232 | +€6,036 | +3.1% |
| Financial debts | 43 | - | €4,396 | +€4,396 | |
| Credit institutions | 430/8 | - | €4,396 | +€4,396 | |
| Trade debts | 44 | €43,035 | €48,096 | +€5,061 | +11.8% |
| Suppliers | 440/4 | €43,035 | €48,096 | +€5,061 | +11.8% |
| Taxes, remuneration and social security | 45 | €129,589 | €100,611 | -€28,978 | -22.4% |
| Taxes | 450/3 | €7,607 | €25,041 | +€17,433 | +229.2% |
| Remuneration and social security | 454/9 | €121,981 | €75,571 | -€46,411 | -38.0% |
| Other amounts payable | 47/48 | €22,572 | €48,128 | +€25,556 | +113.2% |
| Non-recurring operating income | 76A | €639 | - | -€639 | |
| Remuneration, social security and pensions | 62 | €431,249 | €377,706 | -€53,544 | -12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,030 | €9,642 | +€1,612 | +20.1% |
| Other operating charges | 640/8 | €13,268 | €777 | -€12,491 | -94.1% |
| Non-recurring operating charges | 66A | - | €14,700 | +€14,700 | |
| Gross operating margin | 9900 | €398,597 | €405,297 | +€6,700 | +1.7% |
| Operating profit (loss) | 9901 | -€53,950 | €2,472 | +€56,422 | |
| Financial income | 75/76B | - | €11,722 | +€11,722 | |
| Recurring financial income | 75 | - | €11,722 | +€11,722 | |
| Financial charges | 65/66B | €13,748 | €11,923 | -€1,825 | -13.3% |
| Recurring financial charges | 65 | €13,748 | €11,923 | -€1,825 | -13.3% |
| Profit (loss) for the period before taxes | 9903 | -€67,698 | €2,271 | +€69,970 | |
| Income taxes | 67/77 | €650 | €636 | -€14 | -2.2% |
| Profit (loss) for the period | 9904 | -€68,348 | €1,636 | +€69,984 | |
| Profit (loss) for the period to be appropriated | 9905 | -€68,348 | €1,636 | +€69,984 |
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 12 October 2026 via checked.be.