TONAV: 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.
TONAV
Largest movements
- Cash -€23,897
down €23,897 (-61.3%), from €39,000 to €15,103
mainly Net result for the year (-€117,128) and Trade debts (-€1,900)
- Profit (loss) carried forward -€117,128
down €117,128 (-35.0%), from -€334,873 to -€452,001
- Other debts +€70,000
up €70,000 (+9.5%), from €735,940 to €805,940
- Tax, wage and social debts +€20,953
up €20,953 (+30.8%), from €68,029 to €88,983
of which Remuneration and social security: +€21,000
- Financial charges -€22,168
down €22,168 (-88.9%), from €24,938 to €2,769
- Gross operating margin +€3,436
up €3,436 (+3.0%), from -€115,478 to -€112,041
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 | €549,597 | €525,022 | -€24,574 | -4.5% |
| Fixed assets | 21/28 | €468 | - | -€468 | |
| Tangible fixed assets | 22/27 | €468 | - | -€468 | |
| Plant, machinery and equipment | 23 | €468 | - | -€468 | |
| Current assets | 29/58 | €549,128 | €525,022 | -€24,106 | -4.4% |
| Stocks and contracts in progress | 3 | €503,826 | €503,826 | = | 0.0% |
| Stocks | 30/36 | €503,826 | €503,826 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,302 | €6,094 | -€209 | -3.3% |
| Trade receivables | 40 | €3,012 | €3,012 | = | 0.0% |
| Other amounts receivable | 41 | €3,290 | €3,082 | -€209 | -6.3% |
| Cash at bank and in hand | 54/58 | €39,000 | €15,103 | -€23,897 | -61.3% |
| Total equity and liabilities | 10/49 | €549,597 | €525,022 | -€24,574 | -4.5% |
| Equity | 10/15 | -€316,273 | -€433,401 | -€117,128 | -37.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€334,873 | -€452,001 | -€117,128 | -35.0% |
| Amounts payable | 17/49 | €865,870 | €958,423 | +€92,553 | +10.7% |
| Amounts payable after more than one year | 17 | €55,000 | €55,000 | = | 0.0% |
| Financial debts | 170/4 | €55,000 | €55,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €805,870 | €894,923 | +€89,053 | +11.1% |
| Trade debts | 44 | €1,900 | - | -€1,900 | |
| Suppliers | 440/4 | €1,900 | - | -€1,900 | |
| Taxes, remuneration and social security | 45 | €68,029 | €88,983 | +€20,953 | +30.8% |
| Taxes | 450/3 | €26,029 | €25,983 | -€47 | -0.2% |
| Remuneration and social security | 454/9 | €42,000 | €63,000 | +€21,000 | +50.0% |
| Other amounts payable | 47/48 | €735,940 | €805,940 | +€70,000 | +9.5% |
| Accrued charges and deferred income | 492/3 | €5,000 | €8,500 | +€3,500 | +70.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €818 | €468 | -€349 | -42.7% |
| Other operating charges | 640/8 | €532 | €1,651 | +€1,119 | +210.4% |
| Gross operating margin | 9900 | -€115,478 | -€112,041 | +€3,436 | +3.0% |
| Operating profit (loss) | 9901 | -€116,827 | -€114,160 | +€2,667 | +2.3% |
| Financial charges | 65/66B | €24,938 | €2,769 | -€22,168 | -88.9% |
| Recurring financial charges | 65 | €24,938 | €2,769 | -€22,168 | -88.9% |
| Profit (loss) for the period before taxes | 9903 | -€141,765 | -€116,929 | +€24,835 | +17.5% |
| Income taxes | 67/77 | €392 | €198 | -€194 | -49.5% |
| Profit (loss) for the period | 9904 | -€142,157 | -€117,128 | +€25,029 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€142,157 | -€117,128 | +€25,029 | +17.6% |
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.