TONINO: 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.
TONINO
Largest movements
- Tangible fixed assets +€46,295
up €46,295 (+92.7%), from €49,940 to €96,236
of which Land and buildings: +€34,453
- Cash -€27,269
down €27,269 (-47.6%), from €57,232 to €29,963
mainly Investment in fixed assets (net) (-€63,625) and Receivables within one year (-€13,998)
- Receivables within one year +€13,998
up €13,998 (+235.6%), from €5,942 to €19,940
of which Other amounts receivable: +€11,445
- Receivables after one year -€9,265
down €9,265 (-100.0%), from €9,265 to €0
- Deferred charges and accrued income -€7,032
down €7,032 (-64.4%), from €10,912 to €3,880
- Debts after one year +€17,702
up €17,702 (+50.8%), from €34,867 to €52,569
- Reserves +€7,006
up €7,006 (+16.3%), from €43,000 to €50,006
- Current portion of long-term debt +€5,133
up €5,133 (+21.4%), from €23,948 to €29,081
- Other debts -€5,011
down €5,011 (-100.0%), from €5,011 to €0
- Trade debts -€4,748
down €4,748 (-65.7%), from €7,232 to €2,483
- Staff costs +€44,102
up €44,102 (+54.8%), from €80,456 to €124,557
- Gross operating margin +€15,472
up €15,472 (+10.2%), from €151,239 to €166,711
- Taxes -€12,786
down €12,786 (-81.0%), from €15,786 to €3,000
- Depreciation +€3,285
up €3,285 (+22.8%), from €14,415 to €17,700
- Other operating charges +€1,956
up €1,956 (+30.5%), from €6,405 to €8,361
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 | €163,483 | €179,397 | +€15,914 | +9.7% |
| Fixed assets | 21/28 | €50,610 | €96,536 | +€45,926 | +90.7% |
| Tangible fixed assets | 22/27 | €49,940 | €96,236 | +€46,295 | +92.7% |
| Land and buildings | 22 | - | €34,453 | +€34,453 | |
| Plant, machinery and equipment | 23 | €7,631 | €7,877 | +€246 | +3.2% |
| Furniture and vehicles | 24 | €7,579 | €27,559 | +€19,980 | +263.6% |
| Leasing and similar rights | 25 | €29,928 | €21,354 | -€8,574 | -28.6% |
| Other tangible fixed assets | 26 | €4,803 | €4,993 | +€190 | +4.0% |
| Financial fixed assets | 28 | €670 | €300 | -€370 | -55.2% |
| Current assets | 29/58 | €112,873 | €82,862 | -€30,012 | -26.6% |
| Amounts receivable after more than one year | 29 | €9,265 | €0 | -€9,265 | -100.0% |
| Other amounts receivable | 291 | €9,265 | €0 | -€9,265 | -100.0% |
| Stocks and contracts in progress | 3 | €29,523 | €29,079 | -€444 | -1.5% |
| Stocks | 30/36 | €29,523 | €29,079 | -€444 | -1.5% |
| Amounts receivable within one year | 40/41 | €5,942 | €19,940 | +€13,998 | +235.6% |
| Trade receivables | 40 | €234 | €2,787 | +€2,553 | +1090.4% |
| Other amounts receivable | 41 | €5,707 | €17,153 | +€11,445 | +200.5% |
| Cash at bank and in hand | 54/58 | €57,232 | €29,963 | -€27,269 | -47.6% |
| Deferred charges and accrued income | 490/1 | €10,912 | €3,880 | -€7,032 | -64.4% |
| Total equity and liabilities | 10/49 | €163,483 | €179,397 | +€15,914 | +9.7% |
| Equity | 10/15 | €64,374 | €71,259 | +€6,885 | +10.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €43,000 | €50,006 | +€7,006 | +16.3% |
| Distributable reserves | 133 | €43,000 | €50,006 | +€7,006 | +16.3% |
| Profit (loss) carried forward | 14 | €2,774 | €2,653 | -€121 | -4.4% |
| Amounts payable | 17/49 | €99,109 | €108,138 | +€9,029 | +9.1% |
| Amounts payable after more than one year | 17 | €34,867 | €52,569 | +€17,702 | +50.8% |
| Financial debts | 170/4 | €34,867 | €52,569 | +€17,702 | +50.8% |
| Amounts payable within one year | 42/48 | €64,242 | €55,519 | -€8,723 | -13.6% |
| Current portion of amounts payable after more than one year | 42 | €23,948 | €29,081 | +€5,133 | +21.4% |
| Trade debts | 44 | €7,232 | €2,483 | -€4,748 | -65.7% |
| Suppliers | 440/4 | €7,232 | €2,483 | -€4,748 | -65.7% |
| Taxes, remuneration and social security | 45 | €28,052 | €23,956 | -€4,096 | -14.6% |
| Taxes | 450/3 | €21,141 | €13,832 | -€7,309 | -34.6% |
| Remuneration and social security | 454/9 | €6,911 | €10,124 | +€3,213 | +46.5% |
| Other amounts payable | 47/48 | €5,011 | €0 | -€5,011 | -100.0% |
| Accrued charges and deferred income | 492/3 | - | €50 | +€50 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €80,456 | €124,557 | +€44,102 | +54.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,415 | €17,700 | +€3,285 | +22.8% |
| Other operating charges | 640/8 | €6,405 | €8,361 | +€1,956 | +30.5% |
| Non-recurring operating charges | 66A | - | €1,009 | +€1,009 | |
| Gross operating margin | 9900 | €151,239 | €166,711 | +€15,472 | +10.2% |
| Operating profit (loss) | 9901 | €49,964 | €15,085 | -€34,879 | -69.8% |
| Financial income | 75/76B | €387 | €925 | +€538 | +138.8% |
| Recurring financial income | 75 | €387 | €925 | +€538 | +138.8% |
| Financial charges | 65/66B | €5,861 | €6,125 | +€264 | +4.5% |
| Recurring financial charges | 65 | €5,861 | €6,125 | +€264 | +4.5% |
| Profit (loss) for the period before taxes | 9903 | €44,491 | €9,885 | -€34,606 | -77.8% |
| Income taxes | 67/77 | €15,786 | €3,000 | -€12,786 | -81.0% |
| Profit (loss) for the period | 9904 | €28,705 | €6,885 | -€21,820 | -76.0% |
| Profit (loss) for the period to be appropriated | 9905 | €28,705 | €6,885 | -€21,820 | -76.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.