TOFFMUSIC: 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.
TOFFMUSIC
Largest movements
- Cash -€401,812
down €401,812 (-49.4%), from €813,762 to €411,950
mainly Contributions, distributions and other (-€648,434) and Receivables within one year (-€273,046)
- Receivables within one year +€273,046
up €273,046 (+74.9%), from €364,737 to €637,783
of which Trade receivables: +€495,318
- Current investments +€135,000
new in 2025: €135,000
- Deferred charges and accrued income +€100,125
up €100,125 (+2,159%), from €4,637 to €104,762
- Tangible fixed assets -€36,570
down €36,570 (-1.9%), from €1.9m to €1.9m
of which Land and buildings: -€68,294
- Other debts +€1.1m
up €1.1m (+572%), from €191,640 to €1.3m
- Reserves -€648,434
down €648,434 (-37.8%), from €1.7m to €1.1m
of which Distributable reserves: -€648,434
- Profit (loss) carried forward -€199,239
down €199,239, from €120,804 to -€78,435
- Trade debts -€100,889
down €100,889 (-90.2%), from €111,826 to €10,937
- Current portion of long-term debt -€84,140
down €84,140 (-60.3%), from €139,613 to €55,473
- Gross operating margin -€290,054
down €290,054, from €254,583 to -€35,470
- Depreciation +€45,169
up €45,169 (+69.6%), from €64,939 to €110,108
- Taxes -€7,582
down €7,582 (-33.6%), from €22,582 to €15,000
- Other operating charges -€4,510
down €4,510 (-68.1%), from €6,619 to €2,109
- Financial charges -€4,428
down €4,428 (-10.8%), from €41,062 to €36,634
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 | €3,077,207 | €3,146,997 | +€69,790 | +2.3% |
| Fixed assets | 21/28 | €1,894,071 | €1,857,501 | -€36,570 | -1.9% |
| Tangible fixed assets | 22/27 | €1,891,571 | €1,855,001 | -€36,570 | -1.9% |
| Land and buildings | 22 | €1,874,162 | €1,805,868 | -€68,294 | -3.6% |
| Plant, machinery and equipment | 23 | €1,529 | €31,318 | +€29,789 | +1,949% |
| Furniture and vehicles | 24 | €15,881 | €17,816 | +€1,935 | +12.2% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €1,183,136 | €1,289,495 | +€106,359 | +9.0% |
| Amounts receivable within one year | 40/41 | €364,737 | €637,783 | +€273,046 | +74.9% |
| Trade receivables | 40 | €21,339 | €516,657 | +€495,318 | +2,321% |
| Other amounts receivable | 41 | €343,398 | €121,126 | -€222,272 | -64.7% |
| Current investments | 50/53 | - | €135,000 | +€135,000 | |
| Cash at bank and in hand | 54/58 | €813,762 | €411,950 | -€401,812 | -49.4% |
| Deferred charges and accrued income | 490/1 | €4,637 | €104,762 | +€100,125 | +2,159% |
| Total equity and liabilities | 10/49 | €3,077,207 | €3,146,997 | +€69,790 | +2.3% |
| Equity | 10/15 | €1,842,127 | €994,454 | -€847,673 | -46.0% |
| Contributions | 10/11 | €5,563 | €5,563 | = | 0.0% |
| Reserves | 13 | €1,715,760 | €1,067,327 | -€648,434 | -37.8% |
| Tax-exempt reserves | 132 | €13,077 | €13,077 | = | 0.0% |
| Distributable reserves | 133 | €1,702,683 | €1,054,250 | -€648,434 | -38.1% |
| Profit (loss) carried forward | 14 | €120,804 | -€78,435 | -€199,239 | |
| Amounts payable | 17/49 | €1,235,080 | €2,152,542 | +€917,463 | +74.3% |
| Amounts payable after more than one year | 17 | €778,016 | €722,543 | -€55,473 | -7.1% |
| Financial debts | 170/4 | €778,016 | €722,543 | -€55,473 | -7.1% |
| Amounts payable within one year | 42/48 | €457,064 | €1,429,999 | +€972,935 | +213% |
| Current portion of amounts payable after more than one year | 42 | €139,613 | €55,473 | -€84,140 | -60.3% |
| Financial debts | 43 | €13,000 | €8,240 | -€4,760 | -36.6% |
| Credit institutions | 430/8 | €13,000 | €8,240 | -€4,760 | -36.6% |
| Trade debts | 44 | €111,826 | €10,937 | -€100,889 | -90.2% |
| Suppliers | 440/4 | €111,826 | €10,937 | -€100,889 | -90.2% |
| Taxes, remuneration and social security | 45 | €985 | €67,267 | +€66,282 | +6,728% |
| Taxes | 450/3 | €985 | €67,267 | +€66,282 | +6,728% |
| Other amounts payable | 47/48 | €191,640 | €1,288,083 | +€1.1m | +572% |
| Non-recurring operating income | 76A | €17,769 | - | -€17,769 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,939 | €110,108 | +€45,169 | +69.6% |
| Other operating charges | 640/8 | €6,619 | €2,109 | -€4,510 | -68.1% |
| Gross operating margin | 9900 | €254,583 | -€35,470 | -€290,054 | |
| Operating profit (loss) | 9901 | €183,025 | -€147,687 | -€330,712 | |
| Financial income | 75/76B | €167 | €82 | -€84 | -50.7% |
| Recurring financial income | 75 | €167 | €82 | -€84 | -50.7% |
| Financial charges | 65/66B | €41,062 | €36,634 | -€4,428 | -10.8% |
| Recurring financial charges | 65 | €41,062 | €36,634 | -€4,428 | -10.8% |
| Profit (loss) for the period before taxes | 9903 | €142,130 | -€184,239 | -€326,369 | |
| Income taxes | 67/77 | €22,582 | €15,000 | -€7,582 | -33.6% |
| Profit (loss) for the period | 9904 | €119,548 | -€199,239 | -€318,787 | |
| Profit (loss) for the period to be appropriated | 9905 | €119,548 | -€199,239 | -€318,787 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.