TOFA CONCEPT: 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.
TOFA CONCEPT
Largest movements
- Cash +€38,955
up €38,955 (+592%), from €6,585 to €45,540
mainly Net result for the year (+€19,307) and Receivables within one year (+€11,387)
- Receivables within one year -€11,387
down €11,387 (-25.3%), from €45,097 to €33,709
of which Trade receivables: -€20,616
- Tangible fixed assets +€4,356
up €4,356 (+81.0%), from €5,380 to €9,737
of which Furniture and vehicles: +€4,991
- Profit (loss) carried forward +€19,307
up €19,307 (+45.6%), from €42,295 to €61,603
- Tax, wage and social debts +€8,521
up €8,521 (+548%), from €1,554 to €10,075
of which Remuneration and social security: +€7,569
- Current portion of long-term debt +€2,538
up €2,538 (+1,191%), from €213 to €2,751
- Debts after one year +€2,275
up €2,275 (+90.0%), from €2,529 to €4,803
- Gross operating margin +€11,183
up €11,183 (+57.5%), from €19,465 to €30,648
- Depreciation +€2,210
up €2,210 (+71.2%), from €3,106 to €5,316
- Taxes +€1,057
up €1,057 (+26.7%), from €3,954 to €5,011
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.
Derived cash bridge
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 | €57,062 | €88,986 | +€31,924 | +55.9% |
| Fixed assets | 21/28 | €5,380 | €9,737 | +€4,356 | +81.0% |
| Tangible fixed assets | 22/27 | €5,380 | €9,737 | +€4,356 | +81.0% |
| Plant, machinery and equipment | 23 | €1,163 | €529 | -€635 | -54.5% |
| Furniture and vehicles | 24 | €4,217 | €9,208 | +€4,991 | +118% |
| Current assets | 29/58 | €51,682 | €79,250 | +€27,568 | +53.3% |
| Amounts receivable within one year | 40/41 | €45,097 | €33,709 | -€11,387 | -25.3% |
| Trade receivables | 40 | €22,106 | €1,491 | -€20,616 | -93.3% |
| Other amounts receivable | 41 | €22,990 | €32,218 | +€9,228 | +40.1% |
| Cash at bank and in hand | 54/58 | €6,585 | €45,540 | +€38,955 | +592% |
| Total equity and liabilities | 10/49 | €57,062 | €88,986 | +€31,924 | +55.9% |
| Equity | 10/15 | €50,355 | €69,663 | +€19,307 | +38.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,295 | €61,603 | +€19,307 | +45.6% |
| Amounts payable | 17/49 | €6,707 | €19,323 | +€12,617 | +188% |
| Amounts payable after more than one year | 17 | €2,529 | €4,803 | +€2,275 | +90.0% |
| Financial debts | 170/4 | €2,529 | €4,803 | +€2,275 | +90.0% |
| Amounts payable within one year | 42/48 | €4,178 | €14,520 | +€10,342 | +248% |
| Current portion of amounts payable after more than one year | 42 | €213 | €2,751 | +€2,538 | +1,191% |
| Trade debts | 44 | €2,411 | €1,694 | -€717 | -29.7% |
| Suppliers | 440/4 | €690 | €430 | -€260 | -37.7% |
| Bills of exchange payable | 441 | €1,721 | €1,264 | -€456 | -26.5% |
| Taxes, remuneration and social security | 45 | €1,554 | €10,075 | +€8,521 | +548% |
| Taxes | 450/3 | €1,554 | €2,506 | +€952 | +61.2% |
| Remuneration and social security | 454/9 | - | €7,569 | +€7,569 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,106 | €5,316 | +€2,210 | +71.2% |
| Other operating charges | 640/8 | €609 | €617 | +€8 | +1.3% |
| Gross operating margin | 9900 | €19,465 | €30,648 | +€11,183 | +57.5% |
| Operating profit (loss) | 9901 | €15,750 | €24,715 | +€8,966 | +56.9% |
| Financial income | 75/76B | - | €8 | +€8 | |
| Recurring financial income | 75 | - | €8 | +€8 | |
| Financial charges | 65/66B | €173 | €405 | +€232 | +134% |
| Recurring financial charges | 65 | €173 | €405 | +€232 | +134% |
| Profit (loss) for the period before taxes | 9903 | €15,577 | €24,318 | +€8,741 | +56.1% |
| Income taxes | 67/77 | €3,954 | €5,011 | +€1,057 | +26.7% |
| Profit (loss) for the period | 9904 | €11,623 | €19,307 | +€7,685 | +66.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,623 | €19,307 | +€7,685 | +66.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.