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
- Stocks and contracts +€206,160
new in 2024: €206,160
- Cash -€92,469
down €92,469 (-45.2%), from €204,625 to €112,156
mainly Stocks and contracts (-€206,160) and Investment in fixed assets (net) (-€153,579)
- Tangible fixed assets +€87,560
up €87,560 (+74.9%), from €116,893 to €204,453
of which Land and buildings: +€53,733
- Receivables within one year -€44,969
down €44,969 (-42.6%), from €105,585 to €60,616
of which Other amounts receivable: -€55,809
- Receivables after one year -€16,000
no longer reported in 2024 (was €16,000)
- Profit (loss) carried forward +€198,443
up €198,443 (+182.4%), from €108,793 to €307,235
- Other debts -€119,773
down €119,773 (-99.8%), from €120,000 to €227
- Tax, wage and social debts +€112,705
up €112,705 (+186.3%), from €60,483 to €173,188
of which Remuneration and social security: +€77,972
- Trade debts -€54,457
down €54,457 (-53.8%), from €101,243 to €46,786
- Current portion of long-term debt +€13,386
up €13,386 (+17.0%), from €78,959 to €92,345
- Gross operating margin +€281,517
up €281,517 (+25.8%), from €1.1m to €1.4m
- Staff costs +€258,412
up €258,412 (+33.2%), from €779,370 to €1.0m
- Depreciation +€48,056
up €48,056 (+267.5%), from €17,963 to €66,019
- Financial charges -€15,099
down €15,099 (-83.0%), from €18,190 to €3,091
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 | €470,577 | €620,881 | +€150,303 | +31.9% |
| Fixed assets | 21/28 | €142,075 | €229,635 | +€87,560 | +61.6% |
| Tangible fixed assets | 22/27 | €116,893 | €204,453 | +€87,560 | +74.9% |
| Land and buildings | 22 | €73,182 | €126,916 | +€53,733 | +73.4% |
| Plant, machinery and equipment | 23 | €41,405 | €29,935 | -€11,470 | -27.7% |
| Furniture and vehicles | 24 | €2,305 | €47,602 | +€45,296 | +1964.9% |
| Financial fixed assets | 28 | €25,182 | €25,182 | = | 0.0% |
| Current assets | 29/58 | €328,503 | €391,246 | +€62,743 | +19.1% |
| Amounts receivable after more than one year | 29 | €16,000 | - | -€16,000 | |
| Other amounts receivable | 291 | €16,000 | - | -€16,000 | |
| Stocks and contracts in progress | 3 | - | €206,160 | +€206,160 | |
| Stocks | 30/36 | - | €206,160 | +€206,160 | |
| Amounts receivable within one year | 40/41 | €105,585 | €60,616 | -€44,969 | -42.6% |
| Trade receivables | 40 | €11,401 | €22,241 | +€10,840 | +95.1% |
| Other amounts receivable | 41 | €94,184 | €38,375 | -€55,809 | -59.3% |
| Cash at bank and in hand | 54/58 | €204,625 | €112,156 | -€92,469 | -45.2% |
| Deferred charges and accrued income | 490/1 | €2,293 | €12,313 | +€10,021 | +437.1% |
| Total equity and liabilities | 10/49 | €470,577 | €620,881 | +€150,303 | +31.9% |
| Equity | 10/15 | €109,893 | €308,335 | +€198,443 | +180.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €108,793 | €307,235 | +€198,443 | +182.4% |
| Amounts payable | 17/49 | €360,685 | €312,545 | -€48,139 | -13.3% |
| Amounts payable within one year | 42/48 | €360,685 | €312,545 | -€48,139 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €78,959 | €92,345 | +€13,386 | +17.0% |
| Trade debts | 44 | €101,243 | €46,786 | -€54,457 | -53.8% |
| Suppliers | 440/4 | €101,243 | €46,786 | -€54,457 | -53.8% |
| Taxes, remuneration and social security | 45 | €60,483 | €173,188 | +€112,705 | +186.3% |
| Taxes | 450/3 | €645 | €35,378 | +€34,733 | +5381.5% |
| Remuneration and social security | 454/9 | €59,837 | €137,809 | +€77,972 | +130.3% |
| Other amounts payable | 47/48 | €120,000 | €227 | -€119,773 | -99.8% |
| Remuneration, social security and pensions | 62 | €779,370 | €1,037,783 | +€258,412 | +33.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,963 | €66,019 | +€48,056 | +267.5% |
| Other operating charges | 640/8 | €1,634 | €1,918 | +€284 | +17.4% |
| Non-recurring operating charges | 66A | €703 | - | -€703 | |
| Gross operating margin | 9900 | €1,092,589 | €1,374,106 | +€281,517 | +25.8% |
| Operating profit (loss) | 9901 | €292,919 | €268,386 | -€24,532 | -8.4% |
| Financial income | 75/76B | €791 | €1,090 | +€299 | +37.8% |
| Recurring financial income | 75 | €791 | €1,090 | +€299 | +37.8% |
| Financial charges | 65/66B | €18,190 | €3,091 | -€15,099 | -83.0% |
| Recurring financial charges | 65 | €18,190 | €3,091 | -€15,099 | -83.0% |
| Profit (loss) for the period before taxes | 9903 | €275,520 | €266,386 | -€9,134 | -3.3% |
| Income taxes | 67/77 | €71,981 | €67,943 | -€4,038 | -5.6% |
| Profit (loss) for the period | 9904 | €203,539 | €198,443 | -€5,096 | -2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €203,539 | €198,443 | -€5,096 | -2.5% |
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 1 October 2026 via checked.be.