TON - EX: 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.
TON - EX
Largest movements
- Cash -€29,166
down €29,166 (-42.3%), from €69,001 to €39,834
mainly Net result for the year (-€38,166) and Other debts (-€9,286)
- Tangible fixed assets -€10,341
down €10,341 (-34.2%), from €30,201 to €19,859
of which Furniture and vehicles: -€10,014
- Receivables within one year -€10,028
down €10,028 (-35.4%), from €28,354 to €18,326
of which Trade receivables: -€9,928
- Financial fixed assets -€3,319
down €3,319 (-100.0%), from €3,319 to €0
- Profit (loss) carried forward -€38,166
down €38,166 (-194.7%), from -€19,602 to -€57,768
- Other debts -€9,286
down €9,286 (-100.0%), from €9,286 to €0
- Current portion of long-term debt -€6,948
down €6,948 (-57.4%), from €12,108 to €5,161
- Debts after one year -€5,161
down €5,161 (-100.0%), from €5,161 to €0
- Trade debts +€3,851
up €3,851 (+168.2%), from €2,290 to €6,141
- Staff costs -€17,363
down €17,363 (-31.6%), from €54,973 to €37,610
- Financial charges -€9,220
down €9,220 (-90.8%), from €10,156 to €936
of which Non-recurring financial charges: -€7,695
- Gross operating margin -€8,954
down €8,954 (-37.7%), from €23,755 to €14,801
- Financial income -€8,738
down €8,738 (-98.3%), from €8,893 to €155
of which Non-recurring financial income: -€8,808
- Depreciation -€1,236
down €1,236 (-9.2%), from €13,510 to €12,274
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 | €133,417 | €79,993 | -€53,424 | -40.0% |
| Fixed assets | 21/28 | €33,520 | €19,859 | -€13,661 | -40.8% |
| Tangible fixed assets | 22/27 | €30,201 | €19,859 | -€10,341 | -34.2% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €28,088 | €18,074 | -€10,014 | -35.7% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €2,112 | €1,785 | -€327 | -15.5% |
| Financial fixed assets | 28 | €3,319 | €0 | -€3,319 | -100.0% |
| Current assets | 29/58 | €99,898 | €60,134 | -€39,764 | -39.8% |
| Amounts receivable within one year | 40/41 | €28,354 | €18,326 | -€10,028 | -35.4% |
| Trade receivables | 40 | €22,199 | €12,271 | -€9,928 | -44.7% |
| Other amounts receivable | 41 | €6,155 | €6,055 | -€100 | -1.6% |
| Cash at bank and in hand | 54/58 | €69,001 | €39,834 | -€29,166 | -42.3% |
| Deferred charges and accrued income | 490/1 | €2,543 | €1,973 | -€570 | -22.4% |
| Total equity and liabilities | 10/49 | €133,417 | €79,993 | -€53,424 | -40.0% |
| Equity | 10/15 | €100,858 | €62,692 | -€38,166 | -37.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €101,860 | €101,860 | = | 0.0% |
| Distributable reserves | 133 | €101,860 | €101,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,602 | -€57,768 | -€38,166 | -194.7% |
| Amounts payable | 17/49 | €32,560 | €17,301 | -€15,259 | -46.9% |
| Amounts payable after more than one year | 17 | €5,161 | €0 | -€5,161 | -100.0% |
| Financial debts | 170/4 | €5,161 | €0 | -€5,161 | -100.0% |
| Amounts payable within one year | 42/48 | €27,365 | €17,151 | -€10,214 | -37.3% |
| Current portion of amounts payable after more than one year | 42 | €12,108 | €5,161 | -€6,948 | -57.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,290 | €6,141 | +€3,851 | +168.2% |
| Suppliers | 440/4 | €2,290 | €6,141 | +€3,851 | +168.2% |
| Taxes, remuneration and social security | 45 | €3,681 | €5,850 | +€2,169 | +58.9% |
| Taxes | 450/3 | €1 | €2,998 | +€2,997 | +576375.0% |
| Remuneration and social security | 454/9 | €3,681 | €2,852 | -€828 | -22.5% |
| Other amounts payable | 47/48 | €9,286 | €0 | -€9,286 | -100.0% |
| Accrued charges and deferred income | 492/3 | €34 | €150 | +€115 | +338.3% |
| Remuneration, social security and pensions | 62 | €54,973 | €37,610 | -€17,363 | -31.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,510 | €12,274 | -€1,236 | -9.2% |
| Other operating charges | 640/8 | €2,037 | €1,918 | -€120 | -5.9% |
| Gross operating margin | 9900 | €23,755 | €14,801 | -€8,954 | -37.7% |
| Operating profit (loss) | 9901 | -€46,765 | -€37,001 | +€9,765 | +20.9% |
| Financial income | 75/76B | €8,893 | €155 | -€8,738 | -98.3% |
| Recurring financial income | 75 | €85 | €155 | +€70 | +82.5% |
| Non-recurring financial income | 76B | €8,808 | - | -€8,808 | |
| Financial charges | 65/66B | €10,156 | €936 | -€9,220 | -90.8% |
| Recurring financial charges | 65 | €2,461 | €936 | -€1,525 | -62.0% |
| Non-recurring financial charges | 66B | €7,695 | - | -€7,695 | |
| Profit (loss) for the period before taxes | 9903 | -€48,029 | -€37,782 | +€10,247 | +21.3% |
| Income taxes | 67/77 | €326 | €384 | +€58 | +17.8% |
| Profit (loss) for the period | 9904 | -€48,355 | -€38,166 | +€10,189 | +21.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,355 | -€38,166 | +€10,189 | +21.1% |
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 7 October 2026 via checked.be.