Tosado: 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.
Tosado
Largest movements
- Cash +€8,826
up €8,826 (+32.0%), from €27,605 to €36,431
mainly Net result for the year (+€12,093) and Depreciation (+€10,491)
- Receivables within one year +€8,286
up €8,286 (+32.7%), from €25,333 to €33,619
of which Trade receivables: +€5,407
- Tangible fixed assets -€3,258
down €3,258 (-16.8%), from €19,343 to €16,084
of which Furniture and vehicles: -€5,741
- Reserves +€12,093
up €12,093 (+20.6%), from €58,787 to €70,879
- Trade debts +€9,067
up €9,067 (+932.2%), from €973 to €10,040
- Debts after one year -€4,277
no longer reported in 2025 (was €4,277)
- Current portion of long-term debt -€3,055
down €3,055 (-41.7%), from €7,333 to €4,277
- Depreciation -€11,208
down €11,208 (-51.7%), from €21,699 to €10,491
- Gross operating margin +€9,365
up €9,365 (+47.9%), from €19,545 to €28,910
- Taxes +€3,365
up €3,365 (+3150.3%), from €107 to €3,472
- Other operating charges -€2,371
down €2,371 (-50.6%), from €4,690 to €2,319
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 | €72,703 | €86,197 | +€13,494 | +18.6% |
| Fixed assets | 21/28 | €19,343 | €16,084 | -€3,258 | -16.8% |
| Tangible fixed assets | 22/27 | €19,343 | €16,084 | -€3,258 | -16.8% |
| Plant, machinery and equipment | 23 | €6,547 | €9,030 | +€2,483 | +37.9% |
| Furniture and vehicles | 24 | €12,795 | €7,054 | -€5,741 | -44.9% |
| Current assets | 29/58 | €53,360 | €70,113 | +€16,752 | +31.4% |
| Amounts receivable within one year | 40/41 | €25,333 | €33,619 | +€8,286 | +32.7% |
| Trade receivables | 40 | €18,170 | €23,577 | +€5,407 | +29.8% |
| Other amounts receivable | 41 | €7,162 | €10,041 | +€2,879 | +40.2% |
| Cash at bank and in hand | 54/58 | €27,605 | €36,431 | +€8,826 | +32.0% |
| Deferred charges and accrued income | 490/1 | €423 | €63 | -€360 | -85.1% |
| Total equity and liabilities | 10/49 | €72,703 | €86,197 | +€13,494 | +18.6% |
| Equity | 10/15 | €59,787 | €71,879 | +€12,093 | +20.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €58,787 | €70,879 | +€12,093 | +20.6% |
| Distributable reserves | 133 | €58,787 | €70,879 | +€12,093 | +20.6% |
| Amounts payable | 17/49 | €12,916 | €14,317 | +€1,401 | +10.8% |
| Amounts payable after more than one year | 17 | €4,277 | - | -€4,277 | |
| Financial debts | 170/4 | €4,277 | - | -€4,277 | |
| Amounts payable within one year | 42/48 | €8,639 | €14,317 | +€5,679 | +65.7% |
| Current portion of amounts payable after more than one year | 42 | €7,333 | €4,277 | -€3,055 | -41.7% |
| Trade debts | 44 | €973 | €10,040 | +€9,067 | +932.2% |
| Suppliers | 440/4 | €973 | €10,040 | +€9,067 | +932.2% |
| Taxes, remuneration and social security | 45 | €169 | - | -€169 | |
| Taxes | 450/3 | €169 | - | -€169 | |
| Other amounts payable | 47/48 | €164 | - | -€164 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,699 | €10,491 | -€11,208 | -51.7% |
| Other operating charges | 640/8 | €4,690 | €2,319 | -€2,371 | -50.6% |
| Gross operating margin | 9900 | €19,545 | €28,910 | +€9,365 | +47.9% |
| Operating profit (loss) | 9901 | -€6,844 | €16,100 | +€22,944 | |
| Financial income | 75/76B | €143 | €90 | -€53 | -37.1% |
| Recurring financial income | 75 | €143 | €90 | -€53 | -37.1% |
| Financial charges | 65/66B | €744 | €626 | -€118 | -15.9% |
| Recurring financial charges | 65 | €744 | €626 | -€118 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,444 | €15,565 | +€23,009 | |
| Income taxes | 67/77 | €107 | €3,472 | +€3,365 | +3150.3% |
| Profit (loss) for the period | 9904 | -€7,551 | €12,093 | +€19,644 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,551 | €12,093 | +€19,644 |
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 8 October 2026 via checked.be.