TOGIMED: what changed
Two fiscal 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.
TOGIMED
Largest movements
- Current investments +€345,117
new in 2025: €345,117
- Receivables within one year +€228,988
up €228,988 (+887.0%), from €25,815 to €254,804
of which Other amounts receivable: +€227,796
- Cash -€222,142
down €222,142 (-56.0%), from €396,386 to €174,244
mainly Current investments (-€345,117) and Contributions, distributions and other (-€258,302)
- Tangible fixed assets -€139,729
down €139,729 (-87.5%), from €159,741 to €20,012
of which Land and buildings: -€123,705
- Other debts +€222,994
up €222,994 (+1129.1%), from €19,750 to €242,745
- Reserves -€41,134
down €41,134 (-8.2%), from €502,966 to €461,832
of which Distributable reserves: -€37,424
- Tax, wage and social debts +€26,080
up €26,080 (+111.4%), from €23,419 to €49,498
- Trade debts +€10,875
new in 2025: €10,875
- Gross operating margin +€128,713
up €128,713 (+64.8%), from €198,736 to €327,449
- Taxes +€49,476
up €49,476 (+102.9%), from €48,071 to €97,547
- Depreciation -€22,128
down €22,128 (-58.0%), from €38,147 to €16,019
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 | €584,118 | €802,049 | +€217,931 | +37.3% |
| Fixed assets | 21/28 | €159,791 | €20,012 | -€139,779 | -87.5% |
| Tangible fixed assets | 22/27 | €159,741 | €20,012 | -€139,729 | -87.5% |
| Land and buildings | 22 | €123,705 | - | -€123,705 | |
| Plant, machinery and equipment | 23 | €1,417 | €74 | -€1,343 | -94.8% |
| Furniture and vehicles | 24 | €34,619 | €19,938 | -€14,681 | -42.4% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €424,328 | €782,037 | +€357,710 | +84.3% |
| Amounts receivable within one year | 40/41 | €25,815 | €254,804 | +€228,988 | +887.0% |
| Trade receivables | 40 | €3,648 | €4,840 | +€1,192 | +32.7% |
| Other amounts receivable | 41 | €22,168 | €249,964 | +€227,796 | +1027.6% |
| Current investments | 50/53 | - | €345,117 | +€345,117 | |
| Cash at bank and in hand | 54/58 | €396,386 | €174,244 | -€222,142 | -56.0% |
| Deferred charges and accrued income | 490/1 | €2,127 | €7,873 | +€5,746 | +270.2% |
| Total equity and liabilities | 10/49 | €584,118 | €802,049 | +€217,931 | +37.3% |
| Equity | 10/15 | €540,066 | €498,932 | -€41,134 | -7.6% |
| Contributions | 10/11 | €37,100 | €37,100 | = | 0.0% |
| Reserves | 13 | €502,966 | €461,832 | -€41,134 | -8.2% |
| Non-distributable reserves | 130/1 | €3,710 | - | -€3,710 | |
| Reserves not available under the articles | 1311 | €3,710 | - | -€3,710 | |
| Tax-exempt reserves | 132 | €6,768 | €6,768 | = | 0.0% |
| Distributable reserves | 133 | €492,488 | €455,064 | -€37,424 | -7.6% |
| Amounts payable | 17/49 | €44,053 | €303,118 | +€259,065 | +588.1% |
| Amounts payable within one year | 42/48 | €43,169 | €303,118 | +€259,949 | +602.2% |
| Trade debts | 44 | - | €10,875 | +€10,875 | |
| Suppliers | 440/4 | - | €10,875 | +€10,875 | |
| Taxes, remuneration and social security | 45 | €23,419 | €49,498 | +€26,080 | +111.4% |
| Taxes | 450/3 | €23,419 | €49,498 | +€26,080 | +111.4% |
| Other amounts payable | 47/48 | €19,750 | €242,745 | +€222,994 | +1129.1% |
| Accrued charges and deferred income | 492/3 | €884 | - | -€884 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,147 | €16,019 | -€22,128 | -58.0% |
| Other operating charges | 640/8 | €1,326 | €2,940 | +€1,615 | +121.8% |
| Gross operating margin | 9900 | €198,736 | €327,449 | +€128,713 | +64.8% |
| Operating profit (loss) | 9901 | €159,264 | €308,489 | +€149,226 | +93.7% |
| Financial income | 75/76B | €6,732 | €6,593 | -€140 | -2.1% |
| Recurring financial income | 75 | €6,732 | €6,593 | -€140 | -2.1% |
| Financial charges | 65/66B | €1,085 | €367 | -€718 | -66.2% |
| Recurring financial charges | 65 | €1,085 | €367 | -€718 | -66.2% |
| Profit (loss) for the period before taxes | 9903 | €164,912 | €314,715 | +€149,804 | +90.8% |
| Income taxes | 67/77 | €48,071 | €97,547 | +€49,476 | +102.9% |
| Profit (loss) for the period | 9904 | €116,841 | €217,168 | +€100,327 | +85.9% |
| Profit (loss) for the period to be appropriated | 9905 | €116,841 | €217,168 | +€100,327 | +85.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.