TOITMWA: 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.
TOITMWA
Largest movements
- Tangible fixed assets -€18,147
down €18,147 (-4.2%), from €432,734 to €414,587
of which Land and buildings: -€12,778
- Intangible fixed assets -€11,574
down €11,574 (-33.3%), from €34,721 to €23,147
- Receivables within one year -€10,208
down €10,208 (-47.5%), from €21,512 to €11,305
of which Trade receivables: -€5,143
- Profit (loss) carried forward -€89,261
down €89,261 (-59.2%), from -€150,815 to -€240,076
- Debts after one year +€48,587
up €48,587 (+9.8%), from €495,592 to €544,179
of which Other amounts payable: +€72,765
- Trade debts +€7,386
up €7,386 (+144.4%), from €5,115 to €12,500
- Tax, wage and social debts -€5,938
down €5,938 (-84.7%), from €7,012 to €1,074
of which Taxes: -€4,438
- Current portion of long-term debt -€5,338
down €5,338 (-18.1%), from €29,516 to €24,178
- Gross operating margin -€43,764
down €43,764, from €27,043 to -€16,721
- Taxes -€3,810
no longer reported in 2025 (was €3,810)
- Depreciation -€3,532
down €3,532 (-8.6%), from €41,240 to €37,708
- Financial charges +€3,265
up €3,265 (+13.8%), from €23,715 to €26,979
- Other operating charges +€306
up €306 (+4.1%), from €7,546 to €7,853
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 | €496,587 | €456,471 | -€40,116 | -8.1% |
| Fixed assets | 21/28 | €467,455 | €437,734 | -€29,721 | -6.4% |
| Intangible fixed assets | 21 | €34,721 | €23,147 | -€11,574 | -33.3% |
| Tangible fixed assets | 22/27 | €432,734 | €414,587 | -€18,147 | -4.2% |
| Land and buildings | 22 | €392,844 | €380,066 | -€12,778 | -3.3% |
| Plant, machinery and equipment | 23 | €26 | - | -€26 | |
| Other tangible fixed assets | 26 | €39,863 | €34,521 | -€5,342 | -13.4% |
| Current assets | 29/58 | €29,133 | €18,737 | -€10,395 | -35.7% |
| Amounts receivable within one year | 40/41 | €21,512 | €11,305 | -€10,208 | -47.5% |
| Trade receivables | 40 | €5,143 | - | -€5,143 | |
| Other amounts receivable | 41 | €16,370 | €11,305 | -€5,065 | -30.9% |
| Cash at bank and in hand | 54/58 | €7,620 | €7,433 | -€188 | -2.5% |
| Total equity and liabilities | 10/49 | €496,587 | €456,471 | -€40,116 | -8.1% |
| Equity | 10/15 | -€62,815 | -€152,076 | -€89,261 | -142.1% |
| Contributions | 10/11 | €38,000 | €38,000 | = | 0.0% |
| Reserves | 13 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €50,000 | €50,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€150,815 | -€240,076 | -€89,261 | -59.2% |
| Amounts payable | 17/49 | €559,403 | €608,548 | +€49,145 | +8.8% |
| Amounts payable after more than one year | 17 | €495,592 | €544,179 | +€48,587 | +9.8% |
| Financial debts | 170/4 | €77,618 | €53,440 | -€24,178 | -31.1% |
| Other amounts payable | 178/9 | €417,974 | €490,739 | +€72,765 | +17.4% |
| Amounts payable within one year | 42/48 | €45,198 | €41,307 | -€3,891 | -8.6% |
| Current portion of amounts payable after more than one year | 42 | €29,516 | €24,178 | -€5,338 | -18.1% |
| Trade debts | 44 | €5,115 | €12,500 | +€7,386 | +144.4% |
| Suppliers | 440/4 | €5,115 | €12,500 | +€7,386 | +144.4% |
| Taxes, remuneration and social security | 45 | €7,012 | €1,074 | -€5,938 | -84.7% |
| Taxes | 450/3 | €5,012 | €574 | -€4,438 | -88.5% |
| Remuneration and social security | 454/9 | €2,000 | €500 | -€1,500 | -75.0% |
| Other amounts payable | 47/48 | €3,555 | €3,555 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €18,613 | €23,062 | +€4,449 | +23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,240 | €37,708 | -€3,532 | -8.6% |
| Other operating charges | 640/8 | €7,546 | €7,853 | +€306 | +4.1% |
| Gross operating margin | 9900 | €27,043 | -€16,721 | -€43,764 | |
| Operating profit (loss) | 9901 | -€21,743 | -€62,282 | -€40,539 | -186.4% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €23,715 | €26,979 | +€3,265 | +13.8% |
| Recurring financial charges | 65 | €23,715 | €26,979 | +€3,265 | +13.8% |
| Profit (loss) for the period before taxes | 9903 | -€45,456 | -€89,261 | -€43,805 | -96.4% |
| Income taxes | 67/77 | €3,810 | - | -€3,810 | |
| Profit (loss) for the period | 9904 | -€49,266 | -€89,261 | -€39,995 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€49,266 | -€89,261 | -€39,995 | -81.2% |
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.