TOJ: 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.
TOJ
Largest movements
- Tangible fixed assets -€14,442
down €14,442 (-27.9%), from €51,727 to €37,285
of which Furniture and vehicles: -€9,326
- Receivables within one year +€1,606
up €1,606 (+173.5%), from €925 to €2,532
of which Other amounts receivable: +€2,022
- Cash -€1,466
down €1,466 (-95.8%), from €1,531 to €65
mainly Net result for the year (-€7,918) and Other debts (-€6,361)
- Profit (loss) carried forward -€7,918
down €7,918, from €745 to -€7,173
- Other debts -€6,361
down €6,361 (-16.7%), from €38,157 to €31,796
- Trade debts +€4,485
up €4,485 (+329.4%), from €1,362 to €5,847
- Debts after one year -€4,137
down €4,137 (-56.6%), from €7,314 to €3,178
- Gross operating margin -€1,470
down €1,470 (-15.9%), from €9,259 to €7,788
- Financial charges -€1,273
down €1,273 (-74.8%), from €1,703 to €430
- Other operating charges -€192
down €192 (-18.7%), from €1,026 to €834
- Financial income -€153
down €153 (-100.0%), from €153 to €0
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 | €55,147 | €40,819 | -€14,328 | -26.0% |
| Fixed assets | 21/28 | €51,727 | €37,285 | -€14,442 | -27.9% |
| Tangible fixed assets | 22/27 | €51,727 | €37,285 | -€14,442 | -27.9% |
| Plant, machinery and equipment | 23 | €16,970 | €11,854 | -€5,117 | -30.2% |
| Furniture and vehicles | 24 | €34,757 | €25,431 | -€9,326 | -26.8% |
| Current assets | 29/58 | €3,420 | €3,534 | +€114 | +3.3% |
| Amounts receivable within one year | 40/41 | €925 | €2,532 | +€1,606 | +173.5% |
| Trade receivables | 40 | €925 | €509 | -€416 | -45.0% |
| Other amounts receivable | 41 | €0 | €2,022 | +€2,022 | |
| Cash at bank and in hand | 54/58 | €1,531 | €65 | -€1,466 | -95.8% |
| Deferred charges and accrued income | 490/1 | €963 | €937 | -€26 | -2.7% |
| Total equity and liabilities | 10/49 | €55,147 | €40,819 | -€14,328 | -26.0% |
| Equity | 10/15 | €3,245 | -€4,673 | -€7,918 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €745 | -€7,173 | -€7,918 | |
| Amounts payable | 17/49 | €51,902 | €45,491 | -€6,411 | -12.4% |
| Amounts payable after more than one year | 17 | €7,314 | €3,178 | -€4,137 | -56.6% |
| Financial debts | 170/4 | €7,314 | €3,178 | -€4,137 | -56.6% |
| Amounts payable within one year | 42/48 | €44,587 | €42,313 | -€2,274 | -5.1% |
| Current portion of amounts payable after more than one year | 42 | €4,025 | €4,137 | +€112 | +2.8% |
| Trade debts | 44 | €1,362 | €5,847 | +€4,485 | +329.4% |
| Suppliers | 440/4 | €1,362 | €5,847 | +€4,485 | +329.4% |
| Taxes, remuneration and social security | 45 | €1,044 | €534 | -€511 | -48.9% |
| Taxes | 450/3 | €1,044 | €534 | -€511 | -48.9% |
| Other amounts payable | 47/48 | €38,157 | €31,796 | -€6,361 | -16.7% |
| Accrued charges and deferred income | 492/3 | €0 | €0 | -€0 | -50.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,442 | €14,442 | = | 0.0% |
| Other operating charges | 640/8 | €1,026 | €834 | -€192 | -18.7% |
| Gross operating margin | 9900 | €9,259 | €7,788 | -€1,470 | -15.9% |
| Operating profit (loss) | 9901 | -€6,210 | -€7,488 | -€1,278 | -20.6% |
| Financial income | 75/76B | €153 | €0 | -€153 | -100.0% |
| Recurring financial income | 75 | €153 | €0 | -€153 | -100.0% |
| Financial charges | 65/66B | €1,703 | €430 | -€1,273 | -74.8% |
| Recurring financial charges | 65 | €1,703 | €430 | -€1,273 | -74.8% |
| Profit (loss) for the period before taxes | 9903 | -€7,759 | -€7,918 | -€159 | -2.0% |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€7,759 | -€7,918 | -€159 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€7,759 | -€7,918 | -€159 | -2.0% |
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 3 October 2026 via checked.be.