ToTo: 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.
ToTo
Largest movements
- Stocks and contracts +€14,130
up €14,130 (+93.2%), from €15,157 to €29,287
- Cash -€6,738
down €6,738 (-36.5%), from €18,445 to €11,708
mainly Stocks and contracts (-€14,130) and Investment in fixed assets (net) (-€9,488)
- Financial fixed assets +€2,325
new in 2025: €2,325
- Reserves +€18,684
up €18,684 (+61.9%), from €30,168 to €48,853
- Trade debts -€6,594
down €6,594 (-16.4%), from €40,093 to €33,500
- Debts after one year -€5,270
down €5,270 (-25.7%), from €20,477 to €15,207
- Other debts +€4,957
up €4,957 (+76.0%), from €6,523 to €11,481
- Tax, wage and social debts -€2,872
down €2,872 (-15.6%), from €18,456 to €15,585
- Gross operating margin -€6,367
down €6,367 (-14.5%), from €44,055 to €37,688
- Depreciation +€5,711
up €5,711 (+339.6%), from €1,682 to €7,393
- Taxes -€5,375
down €5,375 (-52.9%), from €10,171 to €4,796
- Financial charges +€4,365
up €4,365 (+433.5%), from €1,007 to €5,372
- Other operating charges +€447
up €447 (+43.5%), from €1,027 to €1,474
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 | €123,849 | €132,895 | +€9,046 | +7.3% |
| Fixed assets | 21/28 | €30,046 | €32,141 | +€2,095 | +7.0% |
| Tangible fixed assets | 22/27 | €30,046 | €29,816 | -€230 | -0.8% |
| Plant, machinery and equipment | 23 | - | €5,146 | +€5,146 | |
| Furniture and vehicles | 24 | €30,046 | €24,670 | -€5,376 | -17.9% |
| Financial fixed assets | 28 | - | €2,325 | +€2,325 | |
| Current assets | 29/58 | €93,803 | €100,754 | +€6,951 | +7.4% |
| Stocks and contracts in progress | 3 | €15,157 | €29,287 | +€14,130 | +93.2% |
| Stocks | 30/36 | €15,157 | €29,287 | +€14,130 | +93.2% |
| Amounts receivable within one year | 40/41 | €60,112 | €59,687 | -€425 | -0.7% |
| Trade receivables | 40 | €60,112 | €59,687 | -€425 | -0.7% |
| Cash at bank and in hand | 54/58 | €18,445 | €11,708 | -€6,738 | -36.5% |
| Deferred charges and accrued income | 490/1 | €89 | €72 | -€17 | -19.1% |
| Total equity and liabilities | 10/49 | €123,849 | €132,895 | +€9,046 | +7.3% |
| Equity | 10/15 | €33,168 | €51,853 | +€18,684 | +56.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €30,168 | €48,853 | +€18,684 | +61.9% |
| Distributable reserves | 133 | €30,168 | €48,853 | +€18,684 | +61.9% |
| Amounts payable | 17/49 | €90,681 | €81,042 | -€9,639 | -10.6% |
| Amounts payable after more than one year | 17 | €20,477 | €15,207 | -€5,270 | -25.7% |
| Financial debts | 170/4 | €20,477 | €15,207 | -€5,270 | -25.7% |
| Amounts payable within one year | 42/48 | €70,204 | €65,835 | -€4,369 | -6.2% |
| Current portion of amounts payable after more than one year | 42 | €5,131 | €5,270 | +€139 | +2.7% |
| Trade debts | 44 | €40,093 | €33,500 | -€6,594 | -16.4% |
| Suppliers | 440/4 | €40,093 | €33,500 | -€6,594 | -16.4% |
| Taxes, remuneration and social security | 45 | €18,456 | €15,585 | -€2,872 | -15.6% |
| Taxes | 450/3 | €18,456 | €15,585 | -€2,872 | -15.6% |
| Other amounts payable | 47/48 | €6,523 | €11,481 | +€4,957 | +76.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,682 | €7,393 | +€5,711 | +339.6% |
| Other operating charges | 640/8 | €1,027 | €1,474 | +€447 | +43.5% |
| Gross operating margin | 9900 | €44,055 | €37,688 | -€6,367 | -14.5% |
| Operating profit (loss) | 9901 | €41,346 | €28,822 | -€12,524 | -30.3% |
| Financial income | 75/76B | €0 | €30 | +€30 | +296900.0% |
| Recurring financial income | 75 | €0 | €30 | +€30 | +296900.0% |
| Financial charges | 65/66B | €1,007 | €5,372 | +€4,365 | +433.5% |
| Recurring financial charges | 65 | €1,007 | €5,372 | +€4,365 | +433.5% |
| Profit (loss) for the period before taxes | 9903 | €40,339 | €23,480 | -€16,859 | -41.8% |
| Income taxes | 67/77 | €10,171 | €4,796 | -€5,375 | -52.9% |
| Profit (loss) for the period | 9904 | €30,168 | €18,684 | -€11,484 | -38.1% |
| Profit (loss) for the period to be appropriated | 9905 | €30,168 | €18,684 | -€11,484 | -38.1% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.