Tofino: 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.
Tofino
Largest movements
- Current investments -€32,030
down €32,030 (-23.3%), from €137,634 to €105,604
- Financial fixed assets +€15,000
up €15,000 (+9.2%), from €163,198 to €178,198
- Tangible fixed assets -€14,312
down €14,312 (-30.2%), from €47,427 to €33,115
of which Furniture and vehicles: -€14,444
- Cash -€6,328
down €6,328 (-3.5%), from €182,494 to €176,166
mainly Other debts (-€55,739) and Investment in fixed assets (net) (-€17,578)
- Other debts -€55,739
down €55,739 (-97.8%), from €57,000 to €1,261
- Reserves +€40,270
up €40,270 (+14.8%), from €273,000 to €313,270
of which Distributable reserves: +€40,270
- Current portion of long-term debt -€15,441
no longer reported in 2025 (was €15,441)
- Tax, wage and social debts -€7,923
down €7,923 (-38.1%), from €20,816 to €12,893
- Gross operating margin -€48,495
down €48,495 (-39.9%), from €121,467 to €72,972
- Taxes -€10,364
down €10,364 (-36.3%), from €28,576 to €18,212
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 | €581,248 | €543,844 | -€37,404 | -6.4% |
| Fixed assets | 21/28 | €210,625 | €211,313 | +€688 | +0.3% |
| Tangible fixed assets | 22/27 | €47,427 | €33,115 | -€14,312 | -30.2% |
| Plant, machinery and equipment | 23 | €1,068 | €2,689 | +€1,621 | +151.8% |
| Furniture and vehicles | 24 | €44,870 | €30,426 | -€14,444 | -32.2% |
| Leasing and similar rights | 25 | €1,489 | - | -€1,489 | |
| Financial fixed assets | 28 | €163,198 | €178,198 | +€15,000 | +9.2% |
| Current assets | 29/58 | €370,623 | €332,531 | -€38,092 | -10.3% |
| Amounts receivable within one year | 40/41 | €44,086 | €48,617 | +€4,531 | +10.3% |
| Trade receivables | 40 | €33,264 | €33,067 | -€197 | -0.6% |
| Other amounts receivable | 41 | €10,822 | €15,550 | +€4,728 | +43.7% |
| Current investments | 50/53 | €137,634 | €105,604 | -€32,030 | -23.3% |
| Cash at bank and in hand | 54/58 | €182,494 | €176,166 | -€6,328 | -3.5% |
| Deferred charges and accrued income | 490/1 | €6,409 | €2,144 | -€4,265 | -66.5% |
| Total equity and liabilities | 10/49 | €581,248 | €543,844 | -€37,404 | -6.4% |
| Equity | 10/15 | €484,325 | €524,595 | +€40,270 | +8.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €273,000 | €313,270 | +€40,270 | +14.8% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €270,500 | €310,770 | +€40,270 | +14.9% |
| Profit (loss) carried forward | 14 | €186,325 | €186,325 | +€0 | 0.0% |
| Amounts payable | 17/49 | €96,923 | €19,249 | -€77,674 | -80.1% |
| Amounts payable within one year | 42/48 | €96,923 | €19,249 | -€77,674 | -80.1% |
| Current portion of amounts payable after more than one year | 42 | €15,441 | - | -€15,441 | |
| Trade debts | 44 | €3,667 | €5,095 | +€1,428 | +38.9% |
| Suppliers | 440/4 | €3,667 | €5,095 | +€1,428 | +38.9% |
| Taxes, remuneration and social security | 45 | €20,816 | €12,893 | -€7,923 | -38.1% |
| Taxes | 450/3 | €20,816 | €12,893 | -€7,923 | -38.1% |
| Other amounts payable | 47/48 | €57,000 | €1,261 | -€55,739 | -97.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,990 | €16,890 | -€100 | -0.6% |
| Other operating charges | 640/8 | €505 | €920 | +€415 | +82.1% |
| Gross operating margin | 9900 | €121,467 | €72,972 | -€48,495 | -39.9% |
| Operating profit (loss) | 9901 | €103,972 | €55,162 | -€48,810 | -46.9% |
| Financial income | 75/76B | €3,616 | €3,961 | +€345 | +9.5% |
| Recurring financial income | 75 | €3,616 | €3,961 | +€345 | +9.5% |
| Financial charges | 65/66B | €799 | €641 | -€158 | -19.8% |
| Recurring financial charges | 65 | €799 | €641 | -€158 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €106,789 | €58,482 | -€48,307 | -45.2% |
| Income taxes | 67/77 | €28,576 | €18,212 | -€10,364 | -36.3% |
| Profit (loss) for the period | 9904 | €78,213 | €40,270 | -€37,943 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €78,213 | €40,270 | -€37,943 | -48.5% |
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 11 October 2026 via checked.be.