TONIX: 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.
TONIX
Largest movements
- Tangible fixed assets -€179,844
down €179,844 (-5.7%), from €3.1m to €3.0m
of which Plant, machinery and equipment: -€236,467
- Cash -€139,955
down €139,955 (-93.7%), from €149,392 to €9,437
mainly Debts after one year (-€221,000) and Investment in fixed assets (net) (-€120,326)
- Debts after one year -€221,000
down €221,000 (-5.3%), from €4.2m to €3.9m
of which Financial debts: -€300,000
- Trade debts +€127,355
up €127,355 (+5.4%), from €2.4m to €2.5m
- Gross operating margin -€373,233
down €373,233 (-41.8%), from €892,599 to €519,366
- Financial charges +€117,820
up €117,820 (+254.1%), from €46,361 to €164,182
- Depreciation -€69,208
down €69,208 (-18.7%), from €369,377 to €300,169
- Financial income +€58,760
up €58,760 (+116.2%), from €50,563 to €109,322
- Other operating charges +€42,548
up €42,548 (+19.1%), from €222,663 to €265,211
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 | €10,892,922 | €10,721,950 | -€170,972 | -1.6% |
| Fixed assets | 21/28 | €3,142,706 | €2,962,863 | -€179,844 | -5.7% |
| Tangible fixed assets | 22/27 | €3,142,706 | €2,962,863 | -€179,844 | -5.7% |
| Land and buildings | 22 | €1,018,799 | €1,075,422 | +€56,623 | +5.6% |
| Plant, machinery and equipment | 23 | €2,123,908 | €1,887,441 | -€236,467 | -11.1% |
| Current assets | 29/58 | €7,750,216 | €7,759,088 | +€8,871 | +0.1% |
| Amounts receivable after more than one year | 29 | €5,417,480 | €5,467,543 | +€50,063 | +0.9% |
| Other amounts receivable | 291 | €5,417,480 | €5,467,543 | +€50,063 | +0.9% |
| Amounts receivable within one year | 40/41 | €2,031,002 | €2,030,175 | -€827 | 0.0% |
| Trade receivables | 40 | €2,005,010 | €2,022,773 | +€17,763 | +0.9% |
| Other amounts receivable | 41 | €25,992 | €7,403 | -€18,590 | -71.5% |
| Cash at bank and in hand | 54/58 | €149,392 | €9,437 | -€139,955 | -93.7% |
| Deferred charges and accrued income | 490/1 | €152,342 | €251,933 | +€99,591 | +65.4% |
| Total equity and liabilities | 10/49 | €10,892,922 | €10,721,950 | -€170,972 | -1.6% |
| Equity | 10/15 | €3,516,991 | €3,436,783 | -€80,208 | -2.3% |
| Contributions | 10/11 | €820,000 | €820,000 | = | 0.0% |
| Capital | 10 | €820,000 | €820,000 | = | 0.0% |
| Issued capital | 100 | €820,000 | €820,000 | = | 0.0% |
| Reserves | 13 | €2,696,991 | €2,616,783 | -€80,208 | -3.0% |
| Non-distributable reserves | 130/1 | €82,000 | €82,000 | = | 0.0% |
| Legal reserve | 130 | €82,000 | €82,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,337,256 | €1,213,828 | -€123,427 | -9.2% |
| Distributable reserves | 133 | €1,277,735 | €1,320,955 | +€43,220 | +3.4% |
| Provisions and deferred taxes | 16 | €445,752 | €404,609 | -€41,142 | -9.2% |
| Deferred taxes | 168 | €445,752 | €404,609 | -€41,142 | -9.2% |
| Amounts payable | 17/49 | €6,930,180 | €6,880,558 | -€49,622 | -0.7% |
| Amounts payable after more than one year | 17 | €4,150,000 | €3,929,000 | -€221,000 | -5.3% |
| Financial debts | 170/4 | €4,150,000 | €3,850,000 | -€300,000 | -7.2% |
| Other amounts payable | 178/9 | - | €79,000 | +€79,000 | |
| Amounts payable within one year | 42/48 | €2,672,945 | €2,820,773 | +€147,828 | +5.5% |
| Current portion of amounts payable after more than one year | 42 | €300,000 | €300,000 | = | 0.0% |
| Trade debts | 44 | €2,372,945 | €2,500,300 | +€127,355 | +5.4% |
| Suppliers | 440/4 | €2,372,945 | €2,500,300 | +€127,355 | +5.4% |
| Taxes, remuneration and social security | 45 | - | €20,473 | +€20,473 | |
| Taxes | 450/3 | - | €20,473 | +€20,473 | |
| Accrued charges and deferred income | 492/3 | €107,234 | €130,784 | +€23,550 | +22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369,377 | €300,169 | -€69,208 | -18.7% |
| Other operating charges | 640/8 | €222,663 | €265,211 | +€42,548 | +19.1% |
| Non-recurring operating charges | 66A | €485,000 | - | -€485,000 | |
| Gross operating margin | 9900 | €892,599 | €519,366 | -€373,233 | -41.8% |
| Operating profit (loss) | 9901 | -€184,442 | -€46,014 | +€138,428 | +75.1% |
| Financial income | 75/76B | €50,563 | €109,322 | +€58,760 | +116.2% |
| Recurring financial income | 75 | €50,563 | €109,322 | +€58,760 | +116.2% |
| Financial charges | 65/66B | €46,361 | €164,182 | +€117,820 | +254.1% |
| Recurring financial charges | 65 | €46,361 | €164,182 | +€117,820 | +254.1% |
| Profit (loss) for the period before taxes | 9903 | -€180,241 | -€100,873 | +€79,367 | +44.0% |
| Transfer from deferred taxes | 780 | €41,599 | €41,142 | -€457 | -1.1% |
| Transfer to deferred taxes | 680 | €47,744 | - | -€47,744 | |
| Income taxes | 67/77 | -€297 | €20,477 | +€20,774 | |
| Profit (loss) for the period | 9904 | -€186,088 | -€80,208 | +€105,881 | +56.9% |
| Transfer from tax-exempt reserves | 789 | €124,798 | €123,427 | -€1,370 | -1.1% |
| Transfer to tax-exempt reserves | 689 | €143,232 | - | -€143,232 | |
| Profit (loss) for the period to be appropriated | 9905 | -€204,523 | €43,220 | +€247,743 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.