TONICKX: 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.
What changed
TONICKX
NACE 14.210, Manufacture of outerwear
financial year 2024 compared with 2023filed annual accounts (NBB)
Net result for the year
-€965,577
2023 · -€1.1m+€157,238
Equity
-€926,121
2023 · -€200,543-€725,577
Cash
€44,981
2023 · €104,729-€59,748
Balance sheet total
€4.4m
2023 · €4.5m-€104,596
Largest movements
Assets
- Stocks and contracts -€331,353
down €331,353 (-37.1%), from €893,988 to €562,635
- Deferred charges and accrued income +€304,308
up €304,308 (+736%), from €41,329 to €345,636
- Cash -€59,748
down €59,748 (-57.0%), from €104,729 to €44,981
mainly Net result for the year (-€965,577) and Deferred charges and accrued income (-€304,308)
Equity and liabilities
- Profit (loss) carried forward -€965,577
down €965,577 (-19.4%), from -€5.0m to -€6.0m
- Debts after one year +€529,016
up €529,016 (+71.8%), from €736,612 to €1.3m
of which Financial debts: +€526,542
- Trade debts +€365,425
up €365,425 (+45.8%), from €797,877 to €1.2m
- Contributions +€240,000
up €240,000 (+5.0%), from €4.8m to €5.0m
- Other debts -€238,351
down €238,351 (-47.1%), from €506,534 to €268,183
Income statement
- Gross operating margin +€172,783
up €172,783 (+73.2%), from €236,201 to €408,984
- Write-downs +€163,551
up €163,551, from -€32,272 to €131,279
- Staff costs -€117,709
down €117,709 (-11.7%), from €1.0m to €884,775
- Financial income +€60,679
up €60,679 (+139%), from €43,666 to €104,345
- Financial charges -€35,209
down €35,209 (-10.3%), from €343,485 to €308,276
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.
Result 2023
-€1.1m
Gross operating margin
+€172,783
Staff costs
+€117,709
Depreciation
+€3,848
Write-downs
-€163,551
Other operating charges
+€35,117
Other operating items
-€100,713
Financial income
+€60,679
Financial charges
+€35,209
Taxes
-€3,842
Result 2024
-€965,577
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
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.
From operations
-€593,686
Investment
-€11,008
Financing
+€544,946
Cash 2023
€104,729
From operations (derived)
-€593,686
Net result for the year
-€965,577
Depreciation
+€22,840
Receivables after one year
+€26,939
Stocks and contracts
+€331,353
Receivables within one year
-€20,968
Deferred charges and accrued income
-€304,308
Trade debts
+€365,425
Tax, wage and social debts
+€32,984
Other debts
-€238,351
Accrued charges and deferred income
+€155,977
Investment (derived)
-€11,008
Investment in fixed assets (net)
-€11,008
Financing
+€544,946
Debts after one year
+€529,016
Current portion of long-term debt
-€225,000
Short-term financial debts
+€930
Contributions, distributions and other
+€240,000
Cash 2024
€44,981
brings cash intakes cash out
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,520,727 | €4,416,131 | -€104,596 | -2.3% |
| Fixed assets | 21/28 | €118,469 | €106,637 | -€11,833 | -10.0% |
| Tangible fixed assets | 22/27 | €61,477 | €49,644 | -€11,833 | -19.2% |
| Plant, machinery and equipment | 23 | €27,897 | €13,789 | -€14,108 | -50.6% |
| Furniture and vehicles | 24 | €5,082 | €11,683 | +€6,601 | +130% |
| Other tangible fixed assets | 26 | €28,497 | €24,172 | -€4,326 | -15.2% |
| Financial fixed assets | 28 | €56,993 | €56,993 | = | 0.0% |
| Current assets | 29/58 | €4,402,258 | €4,309,494 | -€92,764 | -2.1% |
| Amounts receivable after more than one year | 29 | €1,948,611 | €1,921,672 | -€26,939 | -1.4% |
| Other amounts receivable | 291 | €1,948,611 | €1,921,672 | -€26,939 | -1.4% |
| Stocks and contracts in progress | 3 | €893,988 | €562,635 | -€331,353 | -37.1% |
| Stocks | 30/36 | €893,988 | €562,635 | -€331,353 | -37.1% |
| Amounts receivable within one year | 40/41 | €1,413,601 | €1,434,569 | +€20,968 | +1.5% |
| Trade receivables | 40 | €1,411,048 | €1,434,569 | +€23,522 | +1.7% |
| Other amounts receivable | 41 | €2,554 | €0 | -€2,554 | -100% |
| Cash at bank and in hand | 54/58 | €104,729 | €44,981 | -€59,748 | -57.0% |
| Deferred charges and accrued income | 490/1 | €41,329 | €345,636 | +€304,308 | +736% |
| Total equity and liabilities | 10/49 | €4,520,727 | €4,416,131 | -€104,596 | -2.3% |
| Equity | 10/15 | -€200,543 | -€926,121 | -€725,577 | -362% |
| Contributions | 10/11 | €4,788,190 | €5,028,190 | +€240,000 | +5.0% |
| Capital | 10 | €4,788,190 | €5,028,190 | +€240,000 | +5.0% |
| Issued capital | 100 | €4,788,190 | €5,028,190 | +€240,000 | +5.0% |
| Profit (loss) carried forward | 14 | -€4,988,733 | -€5,954,311 | -€965,577 | -19.4% |
| Amounts payable | 17/49 | €4,721,270 | €5,342,251 | +€620,981 | +13.2% |
| Amounts payable after more than one year | 17 | €736,612 | €1,265,628 | +€529,016 | +71.8% |
| Financial debts | 170/4 | €650,469 | €1,177,010 | +€526,542 | +80.9% |
| Other amounts payable | 178/9 | €86,143 | €88,617 | +€2,474 | +2.9% |
| Amounts payable within one year | 42/48 | €3,661,301 | €3,597,290 | -€64,012 | -1.7% |
| Current portion of amounts payable after more than one year | 42 | €225,000 | €0 | -€225,000 | -100% |
| Financial debts | 43 | €1,399,001 | €1,399,931 | +€930 | +0.1% |
| Credit institutions | 430/8 | €1,399,001 | €1,399,931 | +€930 | +0.1% |
| Trade debts | 44 | €797,877 | €1,163,303 | +€365,425 | +45.8% |
| Suppliers | 440/4 | €797,877 | €1,163,303 | +€365,425 | +45.8% |
| Taxes, remuneration and social security | 45 | €732,889 | €765,873 | +€32,984 | +4.5% |
| Taxes | 450/3 | €275,989 | €321,119 | +€45,130 | +16.4% |
| Remuneration and social security | 454/9 | €456,900 | €444,754 | -€12,146 | -2.7% |
| Other amounts payable | 47/48 | €506,534 | €268,183 | -€238,351 | -47.1% |
| Accrued charges and deferred income | 492/3 | €323,357 | €479,334 | +€155,977 | +48.2% |
| Non-recurring operating income | 76A | €54,537 | €31,606 | -€22,931 | -42.0% |
| Remuneration, social security and pensions | 62 | €1,002,484 | €884,775 | -€117,709 | -11.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,688 | €22,840 | -€3,848 | -14.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€32,272 | €131,279 | +€163,551 | |
| Other operating charges | 640/8 | €42,710 | €7,593 | -€35,117 | -82.2% |
| Non-recurring operating charges | 66A | €19,373 | €120,086 | +€100,713 | +520% |
| Gross operating margin | 9900 | €236,201 | €408,984 | +€172,783 | +73.2% |
| Operating profit (loss) | 9901 | -€822,782 | -€757,589 | +€65,193 | +7.9% |
| Financial income | 75/76B | €43,666 | €104,345 | +€60,679 | +139% |
| Recurring financial income | 75 | €43,666 | €104,345 | +€60,679 | +139% |
| Financial charges | 65/66B | €343,485 | €308,276 | -€35,209 | -10.3% |
| Recurring financial charges | 65 | €343,485 | €308,276 | -€35,209 | -10.3% |
| Profit (loss) for the period before taxes | 9903 | -€1,122,601 | -€961,520 | +€161,081 | +14.3% |
| Income taxes | 67/77 | €215 | €4,057 | +€3,842 | +1,788% |
| Profit (loss) for the period | 9904 | -€1,122,816 | -€965,577 | +€157,238 | +14.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,122,816 | -€965,577 | +€157,238 | +14.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.