TONAGRI: 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.
TONAGRI
Largest movements
- Tangible fixed assets -€53,096
down €53,096 (-31.9%), from €166,193 to €113,097
of which Plant, machinery and equipment: -€42,933
- Cash +€11,179
up €11,179 (+11.5%), from €97,294 to €108,473
mainly Depreciation (+€53,096) and Net result for the year (+€18,261)
- Debts after one year -€50,043
down €50,043 (-45.2%), from €110,628 to €60,585
- Reserves +€18,199
up €18,199 (+4.4%), from €412,088 to €430,287
of which Distributable reserves: +€19,000
- Gross operating margin -€57,851
down €57,851 (-40.1%), from €144,380 to €86,529
- Staff costs -€17,755
no longer reported in 2025 (was €17,755)
- Taxes +€5,468
new in 2025: €5,468
- Other operating charges +€3,707
up €3,707 (+88.4%), from €4,192 to €7,900
- Financial charges -€2,269
down €2,269 (-52.3%), from €4,341 to €2,072
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 | €614,331 | €574,779 | -€39,552 | -6.4% |
| Fixed assets | 21/28 | €166,243 | €113,097 | -€53,146 | -32.0% |
| Tangible fixed assets | 22/27 | €166,193 | €113,097 | -€53,096 | -31.9% |
| Plant, machinery and equipment | 23 | €140,406 | €97,473 | -€42,933 | -30.6% |
| Furniture and vehicles | 24 | €25,787 | €15,624 | -€10,163 | -39.4% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €448,088 | €461,682 | +€13,594 | +3.0% |
| Stocks and contracts in progress | 3 | - | €390 | +€390 | |
| Stocks | 30/36 | - | €390 | +€390 | |
| Amounts receivable within one year | 40/41 | €349,657 | €352,016 | +€2,358 | +0.7% |
| Trade receivables | 40 | €349,657 | €347,747 | -€1,911 | -0.5% |
| Other amounts receivable | 41 | - | €4,269 | +€4,269 | |
| Cash at bank and in hand | 54/58 | €97,294 | €108,473 | +€11,179 | +11.5% |
| Deferred charges and accrued income | 490/1 | €1,137 | €804 | -€333 | -29.3% |
| Total equity and liabilities | 10/49 | €614,331 | €574,779 | -€39,552 | -6.4% |
| Equity | 10/15 | €432,311 | €450,572 | +€18,261 | +4.2% |
| Contributions | 10/11 | €19,950 | €19,950 | = | 0.0% |
| Reserves | 13 | €412,088 | €430,287 | +€18,199 | +4.4% |
| Tax-exempt reserves | 132 | €28,093 | €27,292 | -€801 | -2.9% |
| Distributable reserves | 133 | €383,995 | €402,995 | +€19,000 | +4.9% |
| Profit (loss) carried forward | 14 | €273 | €335 | +€62 | +22.8% |
| Provisions and deferred taxes | 16 | €3,114 | €2,847 | -€267 | -8.6% |
| Deferred taxes | 168 | €3,114 | €2,847 | -€267 | -8.6% |
| Amounts payable | 17/49 | €178,906 | €121,360 | -€57,546 | -32.2% |
| Amounts payable after more than one year | 17 | €110,628 | €60,585 | -€50,043 | -45.2% |
| Financial debts | 170/4 | €110,628 | €60,585 | -€50,043 | -45.2% |
| Amounts payable within one year | 42/48 | €68,278 | €60,775 | -€7,503 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €50,043 | €50,043 | = | 0.0% |
| Trade debts | 44 | €8,702 | €5,141 | -€3,561 | -40.9% |
| Suppliers | 440/4 | €8,702 | €5,141 | -€3,561 | -40.9% |
| Taxes, remuneration and social security | 45 | €9,533 | €5,468 | -€4,065 | -42.6% |
| Taxes | 450/3 | €6,337 | €5,468 | -€869 | -13.7% |
| Remuneration and social security | 454/9 | €3,196 | - | -€3,196 | |
| Other amounts payable | 47/48 | - | €123 | +€123 | |
| Remuneration, social security and pensions | 62 | €17,755 | - | -€17,755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,627 | €53,096 | -€531 | -1.0% |
| Other operating charges | 640/8 | €4,192 | €7,900 | +€3,707 | +88.4% |
| Gross operating margin | 9900 | €144,380 | €86,529 | -€57,851 | -40.1% |
| Operating profit (loss) | 9901 | €68,806 | €25,533 | -€43,273 | -62.9% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €4,341 | €2,072 | -€2,269 | -52.3% |
| Recurring financial charges | 65 | €4,341 | €2,072 | -€2,269 | -52.3% |
| Profit (loss) for the period before taxes | 9903 | €64,465 | €23,462 | -€41,004 | -63.6% |
| Transfer from deferred taxes | 780 | €136 | €267 | +€131 | +96.8% |
| Transfer to deferred taxes | 680 | €3,250 | - | -€3,250 | |
| Income taxes | 67/77 | - | €5,468 | +€5,468 | |
| Profit (loss) for the period | 9904 | €61,351 | €18,261 | -€43,090 | -70.2% |
| Transfer from tax-exempt reserves | 789 | €407 | €801 | +€394 | +96.8% |
| Transfer to tax-exempt reserves | 689 | €9,750 | - | -€9,750 | |
| Profit (loss) for the period to be appropriated | 9905 | €52,008 | €19,062 | -€32,946 | -63.3% |
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 5 October 2026 via checked.be.