Tojago: 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.
Tojago
Largest movements
- Receivables within one year +€61,833
new in 2025: €61,833
- Cash +€12,380
new in 2025: €12,380
mainly Net result for the year (+€77,988) and Tax, wage and social debts (+€13,234)
- Deferred charges and accrued income +€2,669
new in 2025: €2,669
- Tangible fixed assets +€1,585
up €1,585 (+118%), from €1,345 to €2,930
- Reserves +€52,625
new in 2025: €52,625
- Profit (loss) carried forward +€25,363
no longer reported in 2025 (was -€25,363)
- Short-term financial debts -€16,891
no longer reported in 2025 (was €16,891)
- Tax, wage and social debts +€13,234
new in 2025: €13,234
- Other debts +€4,200
new in 2025: €4,200
- Financial income +€125,357
up €125,357 (+10,191,643%), from €1 to €125,358
- Taxes +€13,234
new in 2025: €13,234
- Gross operating margin -€6,610
down €6,610 (-26.8%), from -€24,682 to -€31,291
- Financial charges +€1,670
up €1,670 (+404%), from €414 to €2,084
- Depreciation +€492
up €492 (+183%), from €269 to €761
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 | €1,345 | €79,813 | +€78,468 | +5,834% |
| Fixed assets | 21/28 | €1,345 | €2,930 | +€1,585 | +118% |
| Tangible fixed assets | 22/27 | €1,345 | €2,930 | +€1,585 | +118% |
| Plant, machinery and equipment | 23 | €1,345 | €2,930 | +€1,585 | +118% |
| Current assets | 29/58 | - | €76,882 | +€76,882 | |
| Amounts receivable within one year | 40/41 | - | €61,833 | +€61,833 | |
| Other amounts receivable | 41 | - | €61,833 | +€61,833 | |
| Cash at bank and in hand | 54/58 | - | €12,380 | +€12,380 | |
| Deferred charges and accrued income | 490/1 | - | €2,669 | +€2,669 | |
| Total equity and liabilities | 10/49 | €1,345 | €79,813 | +€78,468 | +5,834% |
| Equity | 10/15 | -€16,363 | €61,625 | +€77,988 | |
| Contributions | 10/11 | €9,000 | €9,000 | = | 0.0% |
| Reserves | 13 | - | €52,625 | +€52,625 | |
| Distributable reserves | 133 | - | €52,625 | +€52,625 | |
| Profit (loss) carried forward | 14 | -€25,363 | - | +€25,363 | |
| Amounts payable | 17/49 | €17,708 | €18,187 | +€479 | +2.7% |
| Amounts payable within one year | 42/48 | €17,708 | €18,187 | +€479 | +2.7% |
| Financial debts | 43 | €16,891 | - | -€16,891 | |
| Credit institutions | 430/8 | €16,891 | - | -€16,891 | |
| Trade debts | 44 | €817 | €754 | -€64 | -7.8% |
| Suppliers | 440/4 | €817 | €754 | -€64 | -7.8% |
| Taxes, remuneration and social security | 45 | - | €13,234 | +€13,234 | |
| Taxes | 450/3 | - | €13,234 | +€13,234 | |
| Other amounts payable | 47/48 | - | €4,200 | +€4,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €269 | €761 | +€492 | +183% |
| Gross operating margin | 9900 | -€24,682 | -€31,291 | -€6,610 | -26.8% |
| Operating profit (loss) | 9901 | -€24,951 | -€32,053 | -€7,102 | -28.5% |
| Financial income | 75/76B | €1 | €125,358 | +€125,357 | +10,191,643% |
| Recurring financial income | 75 | €1 | €125,358 | +€125,357 | +10,191,643% |
| Financial charges | 65/66B | €414 | €2,084 | +€1,670 | +404% |
| Recurring financial charges | 65 | €414 | €2,084 | +€1,670 | +404% |
| Profit (loss) for the period before taxes | 9903 | -€25,363 | €91,222 | +€116,585 | |
| Income taxes | 67/77 | - | €13,234 | +€13,234 | |
| Profit (loss) for the period | 9904 | -€25,363 | €77,988 | +€103,352 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,363 | €77,988 | +€103,352 |
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 22 October 2026 via checked.be.