TOF: what changed
TOF
Largest movements
- Cash +€62,168
up €62,168 (+93.1%), from €66,799 to €128,967
mainly Net result for the year (+€57,148) and Receivables within one year (+€29,015)
- Receivables within one year -€29,015
down €29,015 (-43.4%), from €66,825 to €37,809
of which Trade receivables: -€22,022
- Reserves +€34,154
up €34,154 (+40.2%), from €85,036 to €119,191
of which Distributable reserves: +€34,154
- Debts after one year -€17,914
down €17,914 (-72.5%), from €24,696 to €6,782
- Tax, wage and social debts +€9,342
up €9,342 (+1,401%), from €667 to €10,008
- Other debts +€7,047
up €7,047 (+42.5%), from €16,578 to €23,625
- Taxes +€10,553
up €10,553, from -€7,500 to €3,053
- Gross operating margin -€2,923
down €2,923 (-4.6%), from €62,942 to €60,020
- Financial income +€2,324
up €2,324 (+4,210%), from €55 to €2,379
- Other operating charges -€1,315
down €1,315 (-84.5%), from €1,556 to €242
- Financial charges +€794
up €794 (+180%), from €442 to €1,236
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €137,041 | €169,698 | +€32,658 | +23.8% |
| Fixed assets | 21/28 | €2,347 | €1,627 | -€720 | -30.7% |
| Tangible fixed assets | 22/27 | €2,160 | €1,440 | -€720 | -33.3% |
| Plant, machinery and equipment | 23 | €1,140 | €760 | -€380 | -33.3% |
| Furniture and vehicles | 24 | €1,020 | €680 | -€340 | -33.3% |
| Financial fixed assets | 28 | €187 | €187 | = | 0.0% |
| Current assets | 29/58 | €134,693 | €168,071 | +€33,378 | +24.8% |
| Amounts receivable within one year | 40/41 | €66,825 | €37,809 | -€29,015 | -43.4% |
| Trade receivables | 40 | €48,400 | €26,378 | -€22,022 | -45.5% |
| Other amounts receivable | 41 | €18,425 | €11,431 | -€6,993 | -38.0% |
| Cash at bank and in hand | 54/58 | €66,799 | €128,967 | +€62,168 | +93.1% |
| Deferred charges and accrued income | 490/1 | €1,070 | €1,295 | +€225 | +21.0% |
| Total equity and liabilities | 10/49 | €137,041 | €169,698 | +€32,658 | +23.8% |
| Equity | 10/15 | €91,899 | €125,698 | +€33,799 | +36.8% |
| Contributions | 10/11 | €6,507 | €6,507 | = | 0.0% |
| Capital | 10 | €6,507 | €6,507 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,085 | €12,085 | = | 0.0% |
| Reserves | 13 | €85,036 | €119,191 | +€34,154 | +40.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €83,177 | €117,332 | +€34,154 | +41.1% |
| Profit (loss) carried forward | 14 | €355 | - | -€355 | |
| Amounts payable | 17/49 | €45,142 | €44,000 | -€1,142 | -2.5% |
| Amounts payable after more than one year | 17 | €24,696 | €6,782 | -€17,914 | -72.5% |
| Financial debts | 170/4 | €24,696 | €6,782 | -€17,914 | -72.5% |
| Amounts payable within one year | 42/48 | €20,446 | €37,219 | +€16,773 | +82.0% |
| Trade debts | 44 | €3,202 | €3,585 | +€384 | +12.0% |
| Suppliers | 440/4 | €3,202 | €3,585 | +€384 | +12.0% |
| Taxes, remuneration and social security | 45 | €667 | €10,008 | +€9,342 | +1,401% |
| Taxes | 450/3 | €667 | €10,008 | +€9,342 | +1,401% |
| Other amounts payable | 47/48 | €16,578 | €23,625 | +€7,047 | +42.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,187 | €720 | -€467 | -39.3% |
| Other operating charges | 640/8 | €1,556 | €242 | -€1,315 | -84.5% |
| Gross operating margin | 9900 | €62,942 | €60,020 | -€2,923 | -4.6% |
| Operating profit (loss) | 9901 | €60,199 | €59,058 | -€1,141 | -1.9% |
| Financial income | 75/76B | €55 | €2,379 | +€2,324 | +4,210% |
| Recurring financial income | 75 | €55 | €2,379 | +€2,324 | +4,210% |
| Financial charges | 65/66B | €442 | €1,236 | +€794 | +180% |
| Recurring financial charges | 65 | €442 | €1,236 | +€794 | +180% |
| Profit (loss) for the period before taxes | 9903 | €59,812 | €60,201 | +€389 | +0.7% |
| Income taxes | 67/77 | -€7,500 | €3,053 | +€10,553 | |
| Profit (loss) for the period | 9904 | €67,312 | €57,148 | -€10,163 | -15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €67,312 | €57,148 | -€10,163 | -15.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.