Tonate: 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.
Tonate
Largest movements
- Stocks and contracts -€240,016
down €240,016 (-37.4%), from €642,578 to €402,562
- Deferred charges and accrued income +€150,000
new in 2025: €150,000
- Tangible fixed assets -€27,394
down €27,394 (-28.0%), from €97,912 to €70,518
of which Plant, machinery and equipment: -€17,933
- Profit (loss) carried forward -€101,200
down €101,200 (-134.0%), from -€75,501 to -€176,702
- Tax, wage and social debts +€19,435
up €19,435 (+39.2%), from €49,527 to €68,962
of which Remuneration and social security: +€12,908
- Debts after one year -€18,966
down €18,966 (-50.6%), from €37,517 to €18,551
- Trade debts -€8,909
down €8,909 (-12.4%), from €71,968 to €63,059
- Other debts -€8,449
down €8,449 (-2.2%), from €385,225 to €376,777
- Gross operating margin -€39,889
down €39,889, from €6,765 to -€33,123
- Staff costs -€8,857
down €8,857 (-33.8%), from €26,203 to €17,346
- Other operating charges -€3,200
down €3,200 (-59.5%), from €5,379 to €2,179
- Financial income +€2,316
up €2,316 (+2087.6%), from €111 to €2,427
- Financial charges +€1,438
up €1,438 (+6.5%), from €22,147 to €23,585
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 | €768,114 | €650,664 | -€117,451 | -15.3% |
| Fixed assets | 21/28 | €118,412 | €91,018 | -€27,394 | -23.1% |
| Tangible fixed assets | 22/27 | €97,912 | €70,518 | -€27,394 | -28.0% |
| Land and buildings | 22 | €8,541 | €7,350 | -€1,191 | -13.9% |
| Plant, machinery and equipment | 23 | €67,909 | €49,976 | -€17,933 | -26.4% |
| Furniture and vehicles | 24 | €21,462 | €13,192 | -€8,270 | -38.5% |
| Financial fixed assets | 28 | €20,500 | €20,500 | = | 0.0% |
| Current assets | 29/58 | €649,702 | €559,646 | -€90,056 | -13.9% |
| Stocks and contracts in progress | 3 | €642,578 | €402,562 | -€240,016 | -37.4% |
| Stocks | 30/36 | €642,578 | €402,562 | -€240,016 | -37.4% |
| Amounts receivable within one year | 40/41 | €6,445 | €2,119 | -€4,327 | -67.1% |
| Trade receivables | 40 | €6,445 | €2,119 | -€4,327 | -67.1% |
| Cash at bank and in hand | 54/58 | €679 | €4,965 | +€4,286 | +631.4% |
| Deferred charges and accrued income | 490/1 | - | €150,000 | +€150,000 | |
| Total equity and liabilities | 10/49 | €768,114 | €650,664 | -€117,451 | -15.3% |
| Equity | 10/15 | €20,626 | -€80,575 | -€101,200 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €77,535 | €77,535 | = | 0.0% |
| Distributable reserves | 133 | €77,535 | €77,535 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€75,501 | -€176,702 | -€101,200 | -134.0% |
| Amounts payable | 17/49 | €747,488 | €731,238 | -€16,250 | -2.2% |
| Amounts payable after more than one year | 17 | €37,517 | €18,551 | -€18,966 | -50.6% |
| Financial debts | 170/4 | €37,517 | €18,551 | -€18,966 | -50.6% |
| Amounts payable within one year | 42/48 | €709,829 | €712,545 | +€2,716 | +0.4% |
| Current portion of amounts payable after more than one year | 42 | €18,235 | €18,966 | +€731 | +4.0% |
| Financial debts | 43 | €184,873 | €184,781 | -€92 | 0.0% |
| Credit institutions | 430/8 | €184,873 | €184,781 | -€92 | 0.0% |
| Trade debts | 44 | €71,968 | €63,059 | -€8,909 | -12.4% |
| Suppliers | 440/4 | €71,968 | €63,059 | -€8,909 | -12.4% |
| Taxes, remuneration and social security | 45 | €49,527 | €68,962 | +€19,435 | +39.2% |
| Taxes | 450/3 | €41,407 | €47,934 | +€6,527 | +15.8% |
| Remuneration and social security | 454/9 | €8,120 | €21,028 | +€12,908 | +159.0% |
| Other amounts payable | 47/48 | €385,225 | €376,777 | -€8,449 | -2.2% |
| Accrued charges and deferred income | 492/3 | €143 | €143 | = | 0.0% |
| Non-recurring operating income | 76A | - | €3,500 | +€3,500 | |
| Remuneration, social security and pensions | 62 | €26,203 | €17,346 | -€8,857 | -33.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,280 | €27,394 | -€886 | -3.1% |
| Other operating charges | 640/8 | €5,379 | €2,179 | -€3,200 | -59.5% |
| Gross operating margin | 9900 | €6,765 | -€33,123 | -€39,889 | |
| Operating profit (loss) | 9901 | -€53,097 | -€80,042 | -€26,945 | -50.7% |
| Financial income | 75/76B | €111 | €2,427 | +€2,316 | +2087.6% |
| Recurring financial income | 75 | €111 | €2,427 | +€2,316 | +2087.6% |
| Financial charges | 65/66B | €22,147 | €23,585 | +€1,438 | +6.5% |
| Recurring financial charges | 65 | €22,147 | €23,585 | +€1,438 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | -€75,132 | -€101,200 | -€26,068 | -34.7% |
| Income taxes | 67/77 | €369 | - | -€369 | |
| Profit (loss) for the period | 9904 | -€75,501 | -€101,200 | -€25,699 | -34.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€75,501 | -€101,200 | -€25,699 | -34.0% |
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 4 October 2026 via checked.be.