TOTES: 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.
What changed
TOTES
NACE 82.990, Other business support services
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€48,040
2024 · €57,729-€9,689
Equity
€400,233
2024 · €353,026+€47,207
Cash
€380,593
2024 · €333,359+€47,234
Balance sheet total
€410,552
2024 · €366,032+€44,520
Largest movements
Assets
- Cash +€47,234
up €47,234 (+14.2%), from €333,359 to €380,593
mainly Net result for the year (+€48,040) and Depreciation (+€1,839)
Equity and liabilities
- Reserves +€47,207
up €47,207 (+14.1%), from €334,426 to €381,633
Income statement
- Gross operating margin -€14,956
down €14,956 (-16.6%), from €90,302 to €75,346
- Taxes -€5,385
down €5,385 (-18.6%), from €28,971 to €23,586
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.
Result 2024
€57,729
Gross operating margin
-€14,956
Depreciation
+€272
Other operating charges
+€237
Other operating items
-€612
Financial income
-€0
Financial charges
-€14
Taxes
+€5,385
Result 2025
€48,040
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€48,551
Investment
-€484
Financing
-€833
Cash 2024
€333,359
From operations (derived)
+€48,551
Net result for the year
+€48,040
Depreciation
+€1,839
Stocks and contracts
+€1,237
Receivables within one year
+€168
Deferred charges and accrued income
-€46
Trade debts
+€369
Tax, wage and social debts
-€208
Other debts
-€2,704
Accrued charges and deferred income
-€144
Investment (derived)
-€484
Investment in fixed assets (net)
-€484
Financing
-€833
Contributions, distributions and other
-€833
Cash 2025
€380,593
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €366,032 | €410,552 | +€44,520 | +12.2% |
| Fixed assets | 21/28 | €4,673 | €3,318 | -€1,355 | -29.0% |
| Tangible fixed assets | 22/27 | €4,633 | €3,278 | -€1,355 | -29.2% |
| Plant, machinery and equipment | 23 | €3,099 | €2,151 | -€948 | -30.6% |
| Furniture and vehicles | 24 | €773 | €795 | +€22 | +2.8% |
| Other tangible fixed assets | 26 | €761 | €332 | -€428 | -56.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €361,359 | €407,234 | +€45,875 | +12.7% |
| Stocks and contracts in progress | 3 | €1,237 | €0 | -€1,237 | -100% |
| Stocks | 30/36 | €1,237 | €0 | -€1,237 | -100% |
| Amounts receivable within one year | 40/41 | €22,599 | €22,432 | -€168 | -0.7% |
| Trade receivables | 40 | €22,215 | €22,413 | +€197 | +0.9% |
| Other amounts receivable | 41 | €384 | €19 | -€365 | -95.1% |
| Cash at bank and in hand | 54/58 | €333,359 | €380,593 | +€47,234 | +14.2% |
| Deferred charges and accrued income | 490/1 | €4,163 | €4,209 | +€46 | +1.1% |
| Total equity and liabilities | 10/49 | €366,032 | €410,552 | +€44,520 | +12.2% |
| Equity | 10/15 | €353,026 | €400,233 | +€47,207 | +13.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €334,426 | €381,633 | +€47,207 | +14.1% |
| Distributable reserves | 133 | €334,426 | €381,633 | +€47,207 | +14.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €13,006 | €10,319 | -€2,687 | -20.7% |
| Amounts payable within one year | 42/48 | €12,862 | €10,319 | -€2,543 | -19.8% |
| Trade debts | 44 | €69 | €439 | +€369 | +533% |
| Suppliers | 440/4 | €69 | €439 | +€369 | +533% |
| Taxes, remuneration and social security | 45 | €7,527 | €7,318 | -€208 | -2.8% |
| Taxes | 450/3 | €6,967 | €7,318 | +€352 | +5.0% |
| Remuneration and social security | 454/9 | €560 | €0 | -€560 | -100% |
| Other amounts payable | 47/48 | €5,266 | €2,562 | -€2,704 | -51.3% |
| Accrued charges and deferred income | 492/3 | €144 | €0 | -€144 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,111 | €1,839 | -€272 | -12.9% |
| Other operating charges | 640/8 | €1,374 | €1,138 | -€237 | -17.2% |
| Non-recurring operating charges | 66A | - | €612 | +€612 | |
| Gross operating margin | 9900 | €90,302 | €75,346 | -€14,956 | -16.6% |
| Operating profit (loss) | 9901 | €86,817 | €71,757 | -€15,060 | -17.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -77.8% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -77.8% |
| Financial charges | 65/66B | €117 | €131 | +€14 | +11.9% |
| Recurring financial charges | 65 | €117 | €131 | +€14 | +11.9% |
| Profit (loss) for the period before taxes | 9903 | €86,700 | €71,626 | -€15,074 | -17.4% |
| Income taxes | 67/77 | €28,971 | €23,586 | -€5,385 | -18.6% |
| Profit (loss) for the period | 9904 | €57,729 | €48,040 | -€9,689 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,729 | €48,040 | -€9,689 | -16.8% |
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 13 October 2026 via checked.be.