ToHil: 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.
ToHil
Largest movements
- Stocks and contracts +€60,643
up €60,643 (+24.5%), from €247,564 to €308,208
- Cash +€28,179
up €28,179 (+4,855%), from €580 to €28,759
mainly Other debts (+€56,188) and Net result for the year (+€29,706)
- Receivables within one year +€22,544
up €22,544 (+40.3%), from €55,994 to €78,538
of which Trade receivables: +€19,957
- Other debts +€56,188
up €56,188 (+48.0%), from €116,953 to €173,141
- Trade debts +€29,285
up €29,285 (+33.9%), from €86,347 to €115,633
- Reserves +€23,310
up €23,310 (+23.0%), from €101,449 to €124,759
of which Distributable reserves: +€23,310
- Profit (loss) carried forward +€6,396
no longer reported in 2024 (was -€6,396)
- Tax, wage and social debts -€6,069
no longer reported in 2024 (was €6,069)
- Gross operating margin -€26,902
down €26,902 (-38.6%), from €69,653 to €42,751
- Taxes +€4,108
up €4,108 (+64.1%), from €6,412 to €10,519
- Other operating charges +€955
up €955 (+725%), from €132 to €1,087
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €316,822 | €425,933 | +€109,111 | +34.4% |
| Fixed assets | 21/28 | €11,844 | €10,427 | -€1,417 | -12.0% |
| Tangible fixed assets | 22/27 | €10,044 | €8,627 | -€1,417 | -14.1% |
| Plant, machinery and equipment | 23 | €2,484 | €2,134 | -€350 | -14.1% |
| Other tangible fixed assets | 26 | €7,561 | €6,494 | -€1,067 | -14.1% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €304,978 | €415,505 | +€110,527 | +36.2% |
| Stocks and contracts in progress | 3 | €247,564 | €308,208 | +€60,643 | +24.5% |
| Stocks | 30/36 | €247,564 | €308,208 | +€60,643 | +24.5% |
| Amounts receivable within one year | 40/41 | €55,994 | €78,538 | +€22,544 | +40.3% |
| Trade receivables | 40 | €48,712 | €68,669 | +€19,957 | +41.0% |
| Other amounts receivable | 41 | €7,283 | €9,869 | +€2,587 | +35.5% |
| Cash at bank and in hand | 54/58 | €580 | €28,759 | +€28,179 | +4,855% |
| Deferred charges and accrued income | 490/1 | €839 | - | -€839 | |
| Total equity and liabilities | 10/49 | €316,822 | €425,933 | +€109,111 | +34.4% |
| Equity | 10/15 | €107,453 | €137,159 | +€29,706 | +27.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €101,449 | €124,759 | +€23,310 | +23.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €99,589 | €122,899 | +€23,310 | +23.4% |
| Profit (loss) carried forward | 14 | -€6,396 | - | +€6,396 | |
| Amounts payable | 17/49 | €209,369 | €288,773 | +€79,405 | +37.9% |
| Amounts payable within one year | 42/48 | €209,369 | €288,773 | +€79,405 | +37.9% |
| Trade debts | 44 | €86,347 | €115,633 | +€29,285 | +33.9% |
| Suppliers | 440/4 | €86,347 | €115,633 | +€29,285 | +33.9% |
| Taxes, remuneration and social security | 45 | €6,069 | - | -€6,069 | |
| Taxes | 450/3 | €6,069 | - | -€6,069 | |
| Other amounts payable | 47/48 | €116,953 | €173,141 | +€56,188 | +48.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,417 | €1,417 | = | 0.0% |
| Other operating charges | 640/8 | €132 | €1,087 | +€955 | +725% |
| Gross operating margin | 9900 | €69,653 | €42,751 | -€26,902 | -38.6% |
| Operating profit (loss) | 9901 | €68,104 | €40,247 | -€27,857 | -40.9% |
| Financial income | 75/76B | €23 | €558 | +€535 | +2,328% |
| Recurring financial income | 75 | €23 | €558 | +€535 | +2,328% |
| Financial charges | 65/66B | €554 | €580 | +€27 | +4.8% |
| Recurring financial charges | 65 | €554 | €580 | +€27 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | €67,574 | €40,225 | -€27,348 | -40.5% |
| Income taxes | 67/77 | €6,412 | €10,519 | +€4,108 | +64.1% |
| Profit (loss) for the period | 9904 | €61,162 | €29,706 | -€31,456 | -51.4% |
| Profit (loss) for the period to be appropriated | 9905 | €61,162 | €29,706 | -€31,456 | -51.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.