TOLD YOU SO TECH: 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.
TOLD YOU SO TECH
Largest movements
- Financial fixed assets +€27,985
up €27,985 (+9.7%), from €289,303 to €317,288
- Reserves +€193,311
up €193,311 (+45.6%), from €423,513 to €616,824
- Debts after one year -€135,125
no longer reported in 2025 (was €135,125)
- Current portion of long-term debt -€27,056
no longer reported in 2025 (was €27,056)
- Gross operating margin -€82,608
down €82,608 (-22.9%), from €361,167 to €278,559
- Taxes -€21,321
down €21,321 (-19.6%), from €108,626 to €87,306
- Financial charges -€14,709
down €14,709 (-59.5%), from €24,704 to €9,995
- Financial income +€13,450
up €13,450 (+2401755.4%), from €1 to €13,450
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 | €796,310 | €826,760 | +€30,450 | +3.8% |
| Fixed assets | 21/28 | €291,431 | €318,701 | +€27,270 | +9.4% |
| Tangible fixed assets | 22/27 | €2,128 | €1,413 | -€715 | -33.6% |
| Furniture and vehicles | 24 | €2,128 | €1,413 | -€715 | -33.6% |
| Financial fixed assets | 28 | €289,303 | €317,288 | +€27,985 | +9.7% |
| Current assets | 29/58 | €504,879 | €508,059 | +€3,180 | +0.6% |
| Amounts receivable within one year | 40/41 | €3,681 | €817 | -€2,864 | -77.8% |
| Trade receivables | 40 | €169 | €439 | +€270 | +159.7% |
| Other amounts receivable | 41 | €3,512 | €378 | -€3,134 | -89.2% |
| Cash at bank and in hand | 54/58 | €501,198 | €501,810 | +€612 | +0.1% |
| Deferred charges and accrued income | 490/1 | - | €5,432 | +€5,432 | |
| Total equity and liabilities | 10/49 | €796,310 | €826,760 | +€30,450 | +3.8% |
| Equity | 10/15 | €424,513 | €617,824 | +€193,311 | +45.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €423,513 | €616,824 | +€193,311 | +45.6% |
| Distributable reserves | 133 | €423,513 | €616,824 | +€193,311 | +45.6% |
| Amounts payable | 17/49 | €371,796 | €208,936 | -€162,860 | -43.8% |
| Amounts payable after more than one year | 17 | €135,125 | - | -€135,125 | |
| Financial debts | 170/4 | €135,125 | - | -€135,125 | |
| Amounts payable within one year | 42/48 | €233,391 | €208,936 | -€24,456 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €27,056 | - | -€27,056 | |
| Trade debts | 44 | €1,498 | €1,612 | +€115 | +7.7% |
| Suppliers | 440/4 | €1,498 | €1,612 | +€115 | +7.7% |
| Taxes, remuneration and social security | 45 | €188,826 | €195,932 | +€7,106 | +3.8% |
| Taxes | 450/3 | €188,826 | €195,932 | +€7,106 | +3.8% |
| Other amounts payable | 47/48 | €16,011 | €11,391 | -€4,620 | -28.9% |
| Accrued charges and deferred income | 492/3 | €3,280 | - | -€3,280 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €715 | €715 | = | 0.0% |
| Other operating charges | 640/8 | €1,942 | €619 | -€1,323 | -68.1% |
| Non-recurring operating charges | 66A | - | €63 | +€63 | |
| Gross operating margin | 9900 | €361,167 | €278,559 | -€82,608 | -22.9% |
| Operating profit (loss) | 9901 | €358,510 | €277,161 | -€81,348 | -22.7% |
| Financial income | 75/76B | €1 | €13,450 | +€13,450 | +2401755.4% |
| Recurring financial income | 75 | €1 | €13,450 | +€13,450 | +2401755.4% |
| Financial charges | 65/66B | €24,704 | €9,995 | -€14,709 | -59.5% |
| Recurring financial charges | 65 | €24,704 | €9,995 | -€14,709 | -59.5% |
| Profit (loss) for the period before taxes | 9903 | €333,806 | €280,617 | -€53,190 | -15.9% |
| Income taxes | 67/77 | €108,626 | €87,306 | -€21,321 | -19.6% |
| Profit (loss) for the period | 9904 | €225,180 | €193,311 | -€31,869 | -14.2% |
| Profit (loss) for the period to be appropriated | 9905 | €225,180 | €193,311 | -€31,869 | -14.2% |
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 9 October 2026 via checked.be.