TOSB: 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.
TOSB
Largest movements
- Financial fixed assets +€49,947
up €49,947 (+3329.8%), from €1,500 to €51,447
- Cash +€15,554
up €15,554 (+79.3%), from €19,626 to €35,181
mainly Trade debts (+€59,936) and Depreciation (+€39,671)
- Tangible fixed assets -€11,950
down €11,950 (-4.7%), from €253,158 to €241,209
of which Plant, machinery and equipment: -€6,593
- Trade debts +€59,936
up €59,936 (+70.7%), from €84,786 to €144,722
- Debts after one year -€26,389
down €26,389 (-16.0%), from €165,268 to €138,879
- Profit (loss) carried forward +€19,785
up €19,785 (+95.9%), from -€20,640 to -€856
- Tax, wage and social debts +€6,411
up €6,411 (+42.8%), from €14,985 to €21,397
of which Remuneration and social security: +€6,530
- Investment grants -€5,400
down €5,400 (-14.4%), from €37,602 to €32,202
- Gross operating margin +€147,672
up €147,672 (+176.4%), from €83,736 to €231,408
- Staff costs +€81,232
up €81,232 (+100.8%), from €80,559 to €161,791
- Depreciation +€17,837
up €17,837 (+81.7%), from €21,833 to €39,671
- Financial charges +€5,892
up €5,892 (+64.5%), from €9,140 to €15,031
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €375,532 | €428,670 | +€53,139 | +14.2% |
| Formation expenses | 20 | €5,655 | €4,355 | -€1,300 | -23.0% |
| Fixed assets | 21/28 | €254,658 | €292,656 | +€37,997 | +14.9% |
| Tangible fixed assets | 22/27 | €253,158 | €241,209 | -€11,950 | -4.7% |
| Plant, machinery and equipment | 23 | €120,169 | €113,576 | -€6,593 | -5.5% |
| Furniture and vehicles | 24 | €6,691 | €7,175 | +€484 | +7.2% |
| Other tangible fixed assets | 26 | €126,298 | €120,458 | -€5,840 | -4.6% |
| Financial fixed assets | 28 | €1,500 | €51,447 | +€49,947 | +3329.8% |
| Current assets | 29/58 | €115,218 | €131,660 | +€16,441 | +14.3% |
| Stocks and contracts in progress | 3 | €62,036 | €58,575 | -€3,461 | -5.6% |
| Stocks | 30/36 | €62,036 | €58,575 | -€3,461 | -5.6% |
| Amounts receivable within one year | 40/41 | €23,604 | €25,130 | +€1,526 | +6.5% |
| Trade receivables | 40 | €5,981 | €12,001 | +€6,021 | +100.7% |
| Other amounts receivable | 41 | €17,623 | €13,129 | -€4,494 | -25.5% |
| Cash at bank and in hand | 54/58 | €19,626 | €35,181 | +€15,554 | +79.3% |
| Deferred charges and accrued income | 490/1 | €9,952 | €12,773 | +€2,821 | +28.3% |
| Total equity and liabilities | 10/49 | €375,532 | €428,670 | +€53,139 | +14.2% |
| Equity | 10/15 | €78,962 | €93,346 | +€14,385 | +18.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,640 | -€856 | +€19,785 | +95.9% |
| Investment grants | 15 | €37,602 | €32,202 | -€5,400 | -14.4% |
| Amounts payable | 17/49 | €296,570 | €335,324 | +€38,754 | +13.1% |
| Amounts payable after more than one year | 17 | €165,268 | €138,879 | -€26,389 | -16.0% |
| Financial debts | 170/4 | €165,268 | €138,879 | -€26,389 | -16.0% |
| Amounts payable within one year | 42/48 | €124,904 | €192,508 | +€67,605 | +54.1% |
| Current portion of amounts payable after more than one year | 42 | €25,132 | €26,389 | +€1,257 | +5.0% |
| Trade debts | 44 | €84,786 | €144,722 | +€59,936 | +70.7% |
| Suppliers | 440/4 | €84,786 | €144,722 | +€59,936 | +70.7% |
| Taxes, remuneration and social security | 45 | €14,985 | €21,397 | +€6,411 | +42.8% |
| Taxes | 450/3 | €119 | - | -€119 | |
| Remuneration and social security | 454/9 | €14,867 | €21,397 | +€6,530 | +43.9% |
| Accrued charges and deferred income | 492/3 | €6,399 | €3,938 | -€2,461 | -38.5% |
| Remuneration, social security and pensions | 62 | €80,559 | €161,791 | +€81,232 | +100.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,833 | €39,671 | +€17,837 | +81.7% |
| Other operating charges | 640/8 | €387 | €1,378 | +€991 | +255.9% |
| Gross operating margin | 9900 | €83,736 | €231,408 | +€147,672 | +176.4% |
| Operating profit (loss) | 9901 | -€19,043 | €28,568 | +€47,612 | |
| Financial income | 75/76B | €7,543 | €6,250 | -€1,293 | -17.1% |
| Recurring financial income | 75 | €7,543 | €6,250 | -€1,293 | -17.1% |
| Financial charges | 65/66B | €9,140 | €15,031 | +€5,892 | +64.5% |
| Recurring financial charges | 65 | €9,140 | €15,031 | +€5,892 | +64.5% |
| Profit (loss) for the period before taxes | 9903 | -€20,640 | €19,787 | +€40,427 | |
| Income taxes | 67/77 | - | €3 | +€3 | |
| Profit (loss) for the period | 9904 | -€20,640 | €19,785 | +€40,425 | |
| Profit (loss) for the period to be appropriated | 9905 | -€20,640 | €19,785 | +€40,425 |
Source: filed annual accounts (NBB), fiscal years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.