TONICK STABLES: 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.
TONICK STABLES
Largest movements
- Cash +€71,706
up €71,706 (+1,033%), from €6,939 to €78,645
mainly Depreciation (+€31,528) and Stocks and contracts (+€29,000)
- Tangible fixed assets -€31,528
down €31,528 (-34.4%), from €91,635 to €60,107
of which Furniture and vehicles: -€19,291
- Stocks and contracts -€29,000
down €29,000 (-20.0%), from €145,000 to €116,000
- Receivables within one year +€11,556
up €11,556 (+71.7%), from €16,117 to €27,673
of which Trade receivables: +€13,756
- Trade debts +€22,916
up €22,916 (+95.1%), from €24,088 to €47,004
- Tax, wage and social debts +€13,746
up €13,746 (+1,417%), from €970 to €14,716
of which Taxes: +€10,922
- Debts after one year -€11,109
down €11,109 (-26.2%), from €42,476 to €31,367
- Profit (loss) carried forward -€6,957
down €6,957 (-8.6%), from -€80,660 to -€87,617
- Other debts +€3,933
up €3,933 (+1.6%), from €241,454 to €245,387
- Gross operating margin -€17,786
down €17,786 (-33.0%), from €53,906 to €36,120
- Depreciation -€2,864
down €2,864 (-8.3%), from €34,392 to €31,528
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.
Derived cash bridge
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 | €259,691 | €282,425 | +€22,734 | +8.8% |
| Fixed assets | 21/28 | €91,635 | €60,107 | -€31,528 | -34.4% |
| Tangible fixed assets | 22/27 | €91,635 | €60,107 | -€31,528 | -34.4% |
| Land and buildings | 22 | €950 | €621 | -€329 | -34.7% |
| Plant, machinery and equipment | 23 | €17,777 | €5,870 | -€11,908 | -67.0% |
| Furniture and vehicles | 24 | €72,908 | €53,617 | -€19,291 | -26.5% |
| Current assets | 29/58 | €168,056 | €222,318 | +€54,262 | +32.3% |
| Stocks and contracts in progress | 3 | €145,000 | €116,000 | -€29,000 | -20.0% |
| Stocks | 30/36 | €145,000 | €116,000 | -€29,000 | -20.0% |
| Amounts receivable within one year | 40/41 | €16,117 | €27,673 | +€11,556 | +71.7% |
| Trade receivables | 40 | €13,704 | €27,460 | +€13,756 | +100% |
| Other amounts receivable | 41 | €2,413 | €213 | -€2,200 | -91.2% |
| Cash at bank and in hand | 54/58 | €6,939 | €78,645 | +€71,706 | +1,033% |
| Total equity and liabilities | 10/49 | €259,691 | €282,425 | +€22,734 | +8.8% |
| Equity | 10/15 | -€60,200 | -€67,157 | -€6,957 | -11.6% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€80,660 | -€87,617 | -€6,957 | -8.6% |
| Amounts payable | 17/49 | €319,891 | €349,583 | +€29,691 | +9.3% |
| Amounts payable after more than one year | 17 | €42,476 | €31,367 | -€11,109 | -26.2% |
| Financial debts | 170/4 | €42,476 | €31,367 | -€11,109 | -26.2% |
| Amounts payable within one year | 42/48 | €277,416 | €318,216 | +€40,800 | +14.7% |
| Current portion of amounts payable after more than one year | 42 | €10,903 | €11,109 | +€206 | +1.9% |
| Trade debts | 44 | €24,088 | €47,004 | +€22,916 | +95.1% |
| Suppliers | 440/4 | €24,088 | €47,004 | +€22,916 | +95.1% |
| Taxes, remuneration and social security | 45 | €970 | €14,716 | +€13,746 | +1,417% |
| Taxes | 450/3 | €970 | €11,892 | +€10,922 | +1,126% |
| Remuneration and social security | 454/9 | - | €2,824 | +€2,824 | |
| Other amounts payable | 47/48 | €241,454 | €245,387 | +€3,933 | +1.6% |
| Non-recurring operating income | 76A | €400 | - | -€400 | |
| Remuneration, social security and pensions | 62 | €9,655 | €9,660 | +€5 | +0.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,392 | €31,528 | -€2,864 | -8.3% |
| Other operating charges | 640/8 | €407 | €709 | +€302 | +74.3% |
| Gross operating margin | 9900 | €53,906 | €36,120 | -€17,786 | -33.0% |
| Operating profit (loss) | 9901 | €9,452 | -€5,778 | -€15,230 | |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,300 | €1,181 | -€119 | -9.2% |
| Recurring financial charges | 65 | €1,300 | €1,181 | -€119 | -9.2% |
| Profit (loss) for the period before taxes | 9903 | €8,152 | -€6,957 | -€15,109 | |
| Profit (loss) for the period | 9904 | €8,152 | -€6,957 | -€15,109 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,152 | -€6,957 | -€15,109 |
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 17 October 2026 via checked.be.