TOIDAK: 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.
TOIDAK
Largest movements
- Receivables within one year +€39,747
up €39,747 (+25.1%), from €158,584 to €198,331
of which Other amounts receivable: +€40,747
- Cash -€18,779
down €18,779 (-75.2%), from €24,973 to €6,194
mainly Tax, wage and social debts (-€66,235) and Net result for the year (-€44,236)
- Debts after one year +€83,293
new in 2025: €83,293
- Tax, wage and social debts -€66,235
down €66,235 (-80.6%), from €82,227 to €15,991
of which Remuneration and social security: -€65,442
- Profit (loss) carried forward -€44,236
down €44,236, from €14,762 to -€29,475
- Current portion of long-term debt +€27,958
new in 2025: €27,958
- Trade debts +€15,022
up €15,022 (+154%), from €9,723 to €24,745
- Gross operating margin -€66,072
down €66,072 (-46.5%), from €142,202 to €76,129
- Staff costs -€25,671
down €25,671 (-18.3%), from €140,572 to €114,902
- Financial charges +€6,782
up €6,782 (+134%), from €5,049 to €11,832
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 | €191,406 | €214,957 | +€23,551 | +12.3% |
| Fixed assets | 21/28 | €6,023 | €7,993 | +€1,970 | +32.7% |
| Tangible fixed assets | 22/27 | €6,023 | €7,993 | +€1,970 | +32.7% |
| Plant, machinery and equipment | 23 | €6,023 | €5,801 | -€222 | -3.7% |
| Furniture and vehicles | 24 | - | €2,192 | +€2,192 | |
| Current assets | 29/58 | €185,382 | €206,964 | +€21,581 | +11.6% |
| Stocks and contracts in progress | 3 | €1,672 | €1,496 | -€176 | -10.5% |
| Stocks | 30/36 | €1,672 | €1,496 | -€176 | -10.5% |
| Amounts receivable within one year | 40/41 | €158,584 | €198,331 | +€39,747 | +25.1% |
| Trade receivables | 40 | €23,974 | €22,974 | -€1,000 | -4.2% |
| Other amounts receivable | 41 | €134,609 | €175,356 | +€40,747 | +30.3% |
| Cash at bank and in hand | 54/58 | €24,973 | €6,194 | -€18,779 | -75.2% |
| Deferred charges and accrued income | 490/1 | €154 | €943 | +€789 | +511% |
| Total equity and liabilities | 10/49 | €191,406 | €214,957 | +€23,551 | +12.3% |
| Equity | 10/15 | €99,456 | €55,220 | -€44,236 | -44.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €66,095 | €66,095 | = | 0.0% |
| Distributable reserves | 133 | €66,095 | €66,095 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,762 | -€29,475 | -€44,236 | |
| Amounts payable | 17/49 | €91,950 | €159,737 | +€67,787 | +73.7% |
| Amounts payable after more than one year | 17 | - | €83,293 | +€83,293 | |
| Financial debts | 170/4 | - | €83,293 | +€83,293 | |
| Amounts payable within one year | 42/48 | €91,950 | €76,444 | -€15,506 | -16.9% |
| Current portion of amounts payable after more than one year | 42 | - | €27,958 | +€27,958 | |
| Financial debts | 43 | - | €7,750 | +€7,750 | |
| Credit institutions | 430/8 | - | €7,750 | +€7,750 | |
| Trade debts | 44 | €9,723 | €24,745 | +€15,022 | +154% |
| Suppliers | 440/4 | €9,723 | €24,745 | +€15,022 | +154% |
| Taxes, remuneration and social security | 45 | €82,227 | €15,991 | -€66,235 | -80.6% |
| Taxes | 450/3 | €8,365 | €7,572 | -€793 | -9.5% |
| Remuneration and social security | 454/9 | €73,862 | €8,419 | -€65,442 | -88.6% |
| Remuneration, social security and pensions | 62 | €140,572 | €114,902 | -€25,671 | -18.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,386 | €1,789 | +€403 | +29.1% |
| Other operating charges | 640/8 | €2,135 | €1,417 | -€718 | -33.6% |
| Non-recurring operating charges | 66A | €1,000 | - | -€1,000 | |
| Gross operating margin | 9900 | €142,202 | €76,129 | -€66,072 | -46.5% |
| Operating profit (loss) | 9901 | -€2,892 | -€41,978 | -€39,087 | -1,352% |
| Financial income | 75/76B | €9,821 | €9,804 | -€17 | -0.2% |
| Recurring financial income | 75 | €9,821 | €9,804 | -€17 | -0.2% |
| Financial charges | 65/66B | €5,049 | €11,832 | +€6,782 | +134% |
| Recurring financial charges | 65 | €5,049 | €11,832 | +€6,782 | +134% |
| Profit (loss) for the period before taxes | 9903 | €1,880 | -€44,006 | -€45,886 | |
| Income taxes | 67/77 | €1,275 | €231 | -€1,044 | -81.9% |
| Profit (loss) for the period | 9904 | €605 | -€44,236 | -€44,841 | |
| Profit (loss) for the period to be appropriated | 9905 | €605 | -€44,236 | -€44,841 |
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 14 October 2026 via checked.be.