TOTEM: 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.
TOTEM
Largest movements
- Tangible fixed assets -€4,713
down €4,713 (-18.8%), from €25,096 to €20,383
of which Other tangible fixed assets: -€5,790
- Cash -€3,768
down €3,768 (-83.1%), from €4,537 to €769
mainly Current portion of long-term debt (-€5,729) and Tax, wage and social debts (-€2,705)
- Receivables within one year +€2,361
up €2,361 (+6.1%), from €38,770 to €41,130
of which Other amounts receivable: +€2,728
- Current portion of long-term debt -€5,729
no longer reported in 2025 (was €5,729)
- Trade debts +€3,171
new in 2025: €3,171
- Tax, wage and social debts -€2,705
down €2,705 (-28.3%), from €9,545 to €6,840
- Accrued charges and deferred income -€695
no longer reported in 2025 (was €695)
- Gross operating margin -€6,576
down €6,576 (-38.7%), from €16,980 to €10,404
- Taxes -€3,040
down €3,040 (-61.5%), from €4,940 to €1,900
- Other operating charges +€976
up €976 (+119%), from €819 to €1,795
- Depreciation +€810
up €810 (+12.6%), from €6,413 to €7,222
- Financial charges +€642
up €642 (+68.6%), from €936 to €1,578
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.
Derived cash bridge
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 | €68,499 | €62,381 | -€6,118 | -8.9% |
| Fixed assets | 21/28 | €25,096 | €20,383 | -€4,713 | -18.8% |
| Tangible fixed assets | 22/27 | €25,096 | €20,383 | -€4,713 | -18.8% |
| Plant, machinery and equipment | 23 | €1,035 | €2,468 | +€1,433 | +138% |
| Furniture and vehicles | 24 | €2,219 | €1,863 | -€356 | -16.0% |
| Other tangible fixed assets | 26 | €21,842 | €16,052 | -€5,790 | -26.5% |
| Current assets | 29/58 | €43,402 | €41,998 | -€1,405 | -3.2% |
| Amounts receivable within one year | 40/41 | €38,770 | €41,130 | +€2,361 | +6.1% |
| Trade receivables | 40 | €2,788 | €2,420 | -€368 | -13.2% |
| Other amounts receivable | 41 | €35,982 | €38,710 | +€2,728 | +7.6% |
| Cash at bank and in hand | 54/58 | €4,537 | €769 | -€3,768 | -83.1% |
| Deferred charges and accrued income | 490/1 | €95 | €98 | +€3 | +3.4% |
| Total equity and liabilities | 10/49 | €68,499 | €62,381 | -€6,118 | -8.9% |
| Equity | 10/15 | €52,530 | €52,370 | -€160 | -0.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €26,410 | €26,410 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €24,551 | €24,551 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,528 | €7,369 | -€160 | -2.1% |
| Amounts payable | 17/49 | €15,968 | €10,010 | -€5,958 | -37.3% |
| Amounts payable within one year | 42/48 | €15,273 | €10,010 | -€5,263 | -34.5% |
| Current portion of amounts payable after more than one year | 42 | €5,729 | - | -€5,729 | |
| Trade debts | 44 | - | €3,171 | +€3,171 | |
| Suppliers | 440/4 | - | €3,171 | +€3,171 | |
| Taxes, remuneration and social security | 45 | €9,545 | €6,840 | -€2,705 | -28.3% |
| Taxes | 450/3 | €9,545 | €6,840 | -€2,705 | -28.3% |
| Accrued charges and deferred income | 492/3 | €695 | - | -€695 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,413 | €7,222 | +€810 | +12.6% |
| Other operating charges | 640/8 | €819 | €1,795 | +€976 | +119% |
| Gross operating margin | 9900 | €16,980 | €10,404 | -€6,576 | -38.7% |
| Operating profit (loss) | 9901 | €9,748 | €1,386 | -€8,362 | -85.8% |
| Financial income | 75/76B | €2,134 | €1,932 | -€202 | -9.5% |
| Recurring financial income | 75 | €2,134 | €1,932 | -€202 | -9.5% |
| Financial charges | 65/66B | €936 | €1,578 | +€642 | +68.6% |
| Recurring financial charges | 65 | €936 | €1,578 | +€642 | +68.6% |
| Profit (loss) for the period before taxes | 9903 | €10,946 | €1,740 | -€9,206 | -84.1% |
| Income taxes | 67/77 | €4,940 | €1,900 | -€3,040 | -61.5% |
| Profit (loss) for the period | 9904 | €6,007 | -€160 | -€6,167 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,007 | -€160 | -€6,167 |
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 14 October 2026 via checked.be.