TOTABA: 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.
TOTABA
Largest movements
- Tangible fixed assets +€529,427
up €529,427 (+67.2%), from €788,129 to €1.3m
of which Land and buildings: +€524,306
- Current investments -€260,056
down €260,056 (-55.5%), from €468,613 to €208,556
- Cash -€221,527
down €221,527 (-59.0%), from €375,261 to €153,734
mainly Investment in fixed assets (net) (-€583,135) and Debts after one year (-€1,760)
- Reserves +€28,900
up €28,900 (+17.1%), from €168,676 to €197,576
- Trade debts +€20,280
up €20,280 (+335.1%), from €6,053 to €26,333
- Financial income +€40,241
up €40,241 (+354.7%), from €11,346 to €51,586
- Depreciation +€20,740
up €20,740 (+62.9%), from €32,968 to €53,708
- Gross operating margin -€5,624
down €5,624 (-5.4%), from €104,365 to €98,741
- Taxes +€4,852
up €4,852 (+53.2%), from €9,114 to €13,967
- Other operating charges +€2,414
up €2,414 (+15.1%), from €15,941 to €18,355
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 | €1,829,238 | €1,877,191 | +€47,953 | +2.6% |
| Fixed assets | 21/28 | €788,379 | €1,317,806 | +€529,427 | +67.2% |
| Tangible fixed assets | 22/27 | €788,129 | €1,317,556 | +€529,427 | +67.2% |
| Land and buildings | 22 | €732,153 | €1,256,459 | +€524,306 | +71.6% |
| Plant, machinery and equipment | 23 | €55,976 | €61,097 | +€5,121 | +9.1% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €1,040,858 | €559,384 | -€481,474 | -46.3% |
| Amounts receivable after more than one year | 29 | €190,000 | €190,000 | = | 0.0% |
| Other amounts receivable | 291 | €190,000 | €190,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €468,613 | €208,556 | -€260,056 | -55.5% |
| Cash at bank and in hand | 54/58 | €375,261 | €153,734 | -€221,527 | -59.0% |
| Deferred charges and accrued income | 490/1 | €6,984 | €7,094 | +€109 | +1.6% |
| Total equity and liabilities | 10/49 | €1,829,238 | €1,877,191 | +€47,953 | +2.6% |
| Equity | 10/15 | €1,198,582 | €1,227,530 | +€28,948 | +2.4% |
| Contributions | 10/11 | €1,001,000 | €1,001,000 | = | 0.0% |
| Reserves | 13 | €168,676 | €197,576 | +€28,900 | +17.1% |
| Distributable reserves | 133 | €168,676 | €197,576 | +€28,900 | +17.1% |
| Profit (loss) carried forward | 14 | €28,907 | €28,955 | +€48 | +0.2% |
| Amounts payable | 17/49 | €630,655 | €649,660 | +€19,005 | +3.0% |
| Amounts payable after more than one year | 17 | €1,760 | €0 | -€1,760 | -100.0% |
| Other amounts payable | 178/9 | €1,760 | €0 | -€1,760 | -100.0% |
| Amounts payable within one year | 42/48 | €596,468 | €616,505 | +€20,037 | +3.4% |
| Financial debts | 43 | €576,932 | €576,932 | = | 0.0% |
| Other loans | 439 | €576,932 | €576,932 | = | 0.0% |
| Trade debts | 44 | €6,053 | €26,333 | +€20,280 | +335.1% |
| Suppliers | 440/4 | €6,053 | €26,333 | +€20,280 | +335.1% |
| Taxes, remuneration and social security | 45 | €10,296 | €10,140 | -€157 | -1.5% |
| Taxes | 450/3 | €10,296 | €10,140 | -€157 | -1.5% |
| Other amounts payable | 47/48 | €3,186 | €3,100 | -€86 | -2.7% |
| Accrued charges and deferred income | 492/3 | €32,428 | €33,155 | +€728 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,968 | €53,708 | +€20,740 | +62.9% |
| Other operating charges | 640/8 | €15,941 | €18,355 | +€2,414 | +15.1% |
| Gross operating margin | 9900 | €104,365 | €98,741 | -€5,624 | -5.4% |
| Operating profit (loss) | 9901 | €55,456 | €26,678 | -€28,778 | -51.9% |
| Financial income | 75/76B | €11,346 | €51,586 | +€40,241 | +354.7% |
| Recurring financial income | 75 | €11,346 | €51,586 | +€40,241 | +354.7% |
| Financial charges | 65/66B | €35,330 | €35,350 | +€20 | +0.1% |
| Recurring financial charges | 65 | €35,330 | €35,350 | +€20 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €31,472 | €42,915 | +€11,443 | +36.4% |
| Income taxes | 67/77 | €9,114 | €13,967 | +€4,852 | +53.2% |
| Profit (loss) for the period | 9904 | €22,357 | €28,948 | +€6,590 | +29.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,357 | €28,948 | +€6,590 | +29.5% |
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 7 October 2026 via checked.be.