TOSENSE: 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.
TOSENSE
Largest movements
- Cash -€76,092
down €76,092 (-24.4%), from €311,557 to €235,465
mainly Trade debts (-€96,598) and Receivables within one year (-€25,649)
- Receivables within one year +€25,649
up €25,649 (+20.3%), from €126,379 to €152,027
of which Trade receivables: +€45,344
- Tangible fixed assets -€6,879
down €6,879 (-31.6%), from €21,772 to €14,892
of which Plant, machinery and equipment: -€8,191
- Trade debts -€96,598
down €96,598 (-65.3%), from €147,897 to €51,299
- Advances received +€33,979
up €33,979 (+476.7%), from €7,128 to €41,107
- Reserves +€4,671
up €4,671 (+1.7%), from €281,508 to €286,179
of which Distributable reserves: +€4,671
- Gross operating margin -€57,727
down €57,727 (-74.8%), from €77,188 to €19,461
- Taxes -€14,856
down €14,856 (-88.7%), from €16,739 to €1,884
- Depreciation +€2,052
up €2,052 (+21.1%), from €9,706 to €11,757
- Financial income +€862
up €862 (+1768.0%), from €49 to €911
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 | €461,076 | €403,683 | -€57,394 | -12.4% |
| Fixed assets | 21/28 | €21,852 | €14,972 | -€6,879 | -31.5% |
| Tangible fixed assets | 22/27 | €21,772 | €14,892 | -€6,879 | -31.6% |
| Plant, machinery and equipment | 23 | €21,772 | €13,580 | -€8,191 | -37.6% |
| Furniture and vehicles | 24 | - | €1,312 | +€1,312 | |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €439,225 | €388,710 | -€50,514 | -11.5% |
| Amounts receivable within one year | 40/41 | €126,379 | €152,027 | +€25,649 | +20.3% |
| Trade receivables | 40 | €80,105 | €125,449 | +€45,344 | +56.6% |
| Other amounts receivable | 41 | €46,274 | €26,578 | -€19,695 | -42.6% |
| Cash at bank and in hand | 54/58 | €311,557 | €235,465 | -€76,092 | -24.4% |
| Deferred charges and accrued income | 490/1 | €1,289 | €1,218 | -€71 | -5.5% |
| Total equity and liabilities | 10/49 | €461,076 | €403,683 | -€57,394 | -12.4% |
| Equity | 10/15 | €293,908 | €298,579 | +€4,671 | +1.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €281,508 | €286,179 | +€4,671 | +1.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €279,648 | €284,319 | +€4,671 | +1.7% |
| Amounts payable | 17/49 | €167,168 | €105,104 | -€62,064 | -37.1% |
| Amounts payable within one year | 42/48 | €167,168 | €105,104 | -€62,064 | -37.1% |
| Trade debts | 44 | €147,897 | €51,299 | -€96,598 | -65.3% |
| Suppliers | 440/4 | €147,897 | €51,299 | -€96,598 | -65.3% |
| Advances received on contracts in progress | 46 | €7,128 | €41,107 | +€33,979 | +476.7% |
| Taxes, remuneration and social security | 45 | €336 | €566 | +€231 | +68.7% |
| Taxes | 450/3 | €336 | €566 | +€231 | +68.7% |
| Other amounts payable | 47/48 | €11,807 | €12,132 | +€325 | +2.7% |
| Remuneration, social security and pensions | 62 | €52 | €0 | -€52 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,706 | €11,757 | +€2,052 | +21.1% |
| Other operating charges | 640/8 | €1,300 | €1,553 | +€253 | +19.4% |
| Gross operating margin | 9900 | €77,188 | €19,461 | -€57,727 | -74.8% |
| Operating profit (loss) | 9901 | €66,131 | €6,151 | -€59,980 | -90.7% |
| Financial income | 75/76B | €49 | €911 | +€862 | +1768.0% |
| Recurring financial income | 75 | €49 | €911 | +€862 | +1768.0% |
| Financial charges | 65/66B | €473 | €508 | +€34 | +7.3% |
| Recurring financial charges | 65 | €473 | €508 | +€34 | +7.3% |
| Profit (loss) for the period before taxes | 9903 | €65,706 | €6,554 | -€59,152 | -90.0% |
| Income taxes | 67/77 | €16,739 | €1,884 | -€14,856 | -88.7% |
| Profit (loss) for the period | 9904 | €48,967 | €4,671 | -€44,296 | -90.5% |
| Profit (loss) for the period to be appropriated | 9905 | €48,967 | €4,671 | -€44,296 | -90.5% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.