TONIC: 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.
TONIC
Largest movements
- Receivables after one year -€38,064
no longer reported in 2024 (was €38,064)
- Cash +€33,260
up €33,260 (+48.7%), from €68,226 to €101,486
mainly Depreciation (+€40,225) and Receivables after one year (+€38,064)
- Tangible fixed assets -€24,723
down €24,723 (-5.8%), from €423,781 to €399,058
of which Plant, machinery and equipment: -€20,394
- Profit (loss) carried forward +€65,735
up €65,735, from -€35,620 to €30,114
- Reserves -€49,203
down €49,203 (-24.5%), from €200,653 to €151,450
of which Tax-exempt reserves: -€49,203
- Debts after one year -€26,055
down €26,055 (-13.9%), from €187,494 to €161,439
- Provisions -€16,401
down €16,401 (-26.2%), from €62,718 to €46,317
- Gross operating margin +€48,819
up €48,819 (+200.3%), from €24,373 to €73,192
- Taxes +€23,074
up €23,074 (+1606.7%), from €1,436 to €24,510
- Depreciation -€2,976
down €2,976 (-6.9%), from €43,201 to €40,225
- Other operating charges -€1,348
down €1,348 (-21.7%), from €6,199 to €4,851
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €582,470 | €555,736 | -€26,734 | -4.6% |
| Fixed assets | 21/28 | €423,816 | €399,092 | -€24,723 | -5.8% |
| Tangible fixed assets | 22/27 | €423,781 | €399,058 | -€24,723 | -5.8% |
| Land and buildings | 22 | €372,588 | €368,259 | -€4,329 | -1.2% |
| Plant, machinery and equipment | 23 | €51,193 | €30,799 | -€20,394 | -39.8% |
| Financial fixed assets | 28 | €35 | €35 | = | 0.0% |
| Current assets | 29/58 | €158,654 | €156,643 | -€2,011 | -1.3% |
| Amounts receivable after more than one year | 29 | €38,064 | - | -€38,064 | |
| Other amounts receivable | 291 | €38,064 | - | -€38,064 | |
| Amounts receivable within one year | 40/41 | €48,756 | €50,620 | +€1,864 | +3.8% |
| Trade receivables | 40 | €46,614 | €50,620 | +€4,006 | +8.6% |
| Other amounts receivable | 41 | €2,142 | - | -€2,142 | |
| Cash at bank and in hand | 54/58 | €68,226 | €101,486 | +€33,260 | +48.7% |
| Deferred charges and accrued income | 490/1 | €3,607 | €4,537 | +€929 | +25.8% |
| Total equity and liabilities | 10/49 | €582,470 | €555,736 | -€26,734 | -4.6% |
| Equity | 10/15 | €290,033 | €306,564 | +€16,532 | +5.7% |
| Contributions | 10/11 | €125,000 | €125,000 | = | 0.0% |
| Reserves | 13 | €200,653 | €151,450 | -€49,203 | -24.5% |
| Non-distributable reserves | 130/1 | €12,500 | - | -€12,500 | |
| Reserves not available under the articles | 1311 | €12,500 | - | -€12,500 | |
| Tax-exempt reserves | 132 | €188,153 | €138,950 | -€49,203 | -26.2% |
| Distributable reserves | 133 | - | €12,500 | +€12,500 | |
| Profit (loss) carried forward | 14 | -€35,620 | €30,114 | +€65,735 | |
| Provisions and deferred taxes | 16 | €62,718 | €46,317 | -€16,401 | -26.2% |
| Deferred taxes | 168 | €62,718 | €46,317 | -€16,401 | -26.2% |
| Amounts payable | 17/49 | €229,720 | €202,855 | -€26,865 | -11.7% |
| Amounts payable after more than one year | 17 | €187,494 | €161,439 | -€26,055 | -13.9% |
| Financial debts | 170/4 | €187,494 | €161,439 | -€26,055 | -13.9% |
| Amounts payable within one year | 42/48 | €42,160 | €40,760 | -€1,400 | -3.3% |
| Current portion of amounts payable after more than one year | 42 | €25,695 | €26,055 | +€360 | +1.4% |
| Trade debts | 44 | €7,311 | €3,117 | -€4,194 | -57.4% |
| Suppliers | 440/4 | €7,311 | €3,117 | -€4,194 | -57.4% |
| Taxes, remuneration and social security | 45 | €7,420 | €9,854 | +€2,434 | +32.8% |
| Taxes | 450/3 | €7,420 | €9,854 | +€2,434 | +32.8% |
| Other amounts payable | 47/48 | €1,735 | €1,735 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €66 | €656 | +€590 | +897.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,201 | €40,225 | -€2,976 | -6.9% |
| Other operating charges | 640/8 | €6,199 | €4,851 | -€1,348 | -21.7% |
| Gross operating margin | 9900 | €24,373 | €73,192 | +€48,819 | +200.3% |
| Operating profit (loss) | 9901 | -€25,027 | €28,116 | +€53,143 | |
| Financial income | 75/76B | - | €159 | +€159 | |
| Recurring financial income | 75 | - | €69 | +€69 | |
| Non-recurring financial income | 76B | - | €91 | +€91 | |
| Financial charges | 65/66B | €3,621 | €3,635 | +€14 | +0.4% |
| Recurring financial charges | 65 | €3,621 | €3,635 | +€14 | +0.4% |
| Profit (loss) for the period before taxes | 9903 | -€28,648 | €24,640 | +€53,288 | |
| Transfer from deferred taxes | 780 | €6,619 | €16,401 | +€9,782 | +147.8% |
| Income taxes | 67/77 | €1,436 | €24,510 | +€23,074 | +1606.7% |
| Profit (loss) for the period | 9904 | -€23,465 | €16,532 | +€39,997 | |
| Transfer from tax-exempt reserves | 789 | €19,856 | €49,203 | +€29,347 | +147.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,609 | €65,735 | +€69,344 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.