TOTEM125: 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.
TOTEM125
Largest movements
- Cash -€11,164
down €11,164 (-61.7%), from €18,081 to €6,917
mainly Stocks and contracts (-€7,858) and Other debts (-€7,313)
- Stocks and contracts +€7,858
up €7,858 (+17.9%), from €43,840 to €51,698
- Receivables within one year -€6,712
down €6,712 (-89.9%), from €7,468 to €756
of which Trade receivables: -€6,713
- Tangible fixed assets +€2,692
new in 2025: €2,692
- Other debts -€7,313
down €7,313 (-14.3%), from €50,975 to €43,662
- Advances received -€4,882
down €4,882 (-77.7%), from €6,281 to €1,399
- Profit (loss) carried forward +€4,507
up €4,507, from -€2,271 to €2,237
- Tax, wage and social debts +€1,271
up €1,271 (+85.8%), from €1,481 to €2,753
- Trade debts -€910
down €910 (-18.7%), from €4,863 to €3,953
- Gross operating margin -€7,715
down €7,715 (-45.8%), from €16,834 to €9,118
- Depreciation -€2,628
down €2,628 (-72.6%), from €3,620 to €993
- Taxes +€1,311
up €1,311 (+114%), from €1,149 to €2,460
- Other operating charges -€194
down €194 (-16.0%), from €1,216 to €1,021
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 | €69,389 | €62,063 | -€7,326 | -10.6% |
| Fixed assets | 21/28 | - | €2,692 | +€2,692 | |
| Tangible fixed assets | 22/27 | - | €2,692 | +€2,692 | |
| Furniture and vehicles | 24 | - | €2,692 | +€2,692 | |
| Current assets | 29/58 | €69,389 | €59,371 | -€10,018 | -14.4% |
| Stocks and contracts in progress | 3 | €43,840 | €51,698 | +€7,858 | +17.9% |
| Stocks | 30/36 | €43,840 | €51,698 | +€7,858 | +17.9% |
| Amounts receivable within one year | 40/41 | €7,468 | €756 | -€6,712 | -89.9% |
| Trade receivables | 40 | €7,451 | €737 | -€6,713 | -90.1% |
| Other amounts receivable | 41 | €18 | €19 | +€1 | +5.7% |
| Cash at bank and in hand | 54/58 | €18,081 | €6,917 | -€11,164 | -61.7% |
| Total equity and liabilities | 10/49 | €69,389 | €62,063 | -€7,326 | -10.6% |
| Equity | 10/15 | €5,789 | €10,297 | +€4,507 | +77.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,271 | €2,237 | +€4,507 | |
| Amounts payable | 17/49 | €63,600 | €51,766 | -€11,834 | -18.6% |
| Amounts payable within one year | 42/48 | €63,600 | €51,766 | -€11,834 | -18.6% |
| Trade debts | 44 | €4,863 | €3,953 | -€910 | -18.7% |
| Suppliers | 440/4 | €4,863 | €3,953 | -€910 | -18.7% |
| Advances received on contracts in progress | 46 | €6,281 | €1,399 | -€4,882 | -77.7% |
| Taxes, remuneration and social security | 45 | €1,481 | €2,753 | +€1,271 | +85.8% |
| Taxes | 450/3 | €1,481 | €2,753 | +€1,271 | +85.8% |
| Other amounts payable | 47/48 | €50,975 | €43,662 | -€7,313 | -14.3% |
| Non-recurring operating income | 76A | - | €50 | +€50 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,620 | €993 | -€2,628 | -72.6% |
| Other operating charges | 640/8 | €1,216 | €1,021 | -€194 | -16.0% |
| Gross operating margin | 9900 | €16,834 | €9,118 | -€7,715 | -45.8% |
| Operating profit (loss) | 9901 | €11,998 | €7,104 | -€4,893 | -40.8% |
| Financial charges | 65/66B | €271 | €137 | -€134 | -49.4% |
| Recurring financial charges | 65 | €271 | €137 | -€134 | -49.4% |
| Profit (loss) for the period before taxes | 9903 | €11,727 | €6,967 | -€4,760 | -40.6% |
| Income taxes | 67/77 | €1,149 | €2,460 | +€1,311 | +114% |
| Profit (loss) for the period | 9904 | €10,578 | €4,507 | -€6,071 | -57.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,578 | €4,507 | -€6,071 | -57.4% |
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 22 October 2026 via checked.be.