TOTR: 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.
TOTR
Largest movements
- Cash +€205,423
up €205,423 (+288.2%), from €71,289 to €276,712
mainly Net result for the year (+€115,086) and Current investments (+€80,000)
- Current investments -€80,000
down €80,000 (-88.9%), from €90,000 to €10,000
- Deferred charges and accrued income +€20,922
new in 2025: €20,922
- Reserves +€115,086
up €115,086 (+82.9%), from €138,793 to €253,879
- Tax, wage and social debts +€30,845
up €30,845 (+91.7%), from €33,636 to €64,481
of which Taxes: +€30,845
- Gross operating margin +€55,582
up €55,582 (+62.9%), from €88,416 to €143,998
- Taxes +€14,324
up €14,324 (+80.8%), from €17,737 to €32,061
- Financial income +€4,535
up €4,535 (+1493.6%), from €304 to €4,839
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 | €185,301 | €331,682 | +€146,380 | +79.0% |
| Fixed assets | 21/28 | €9,794 | €8,438 | -€1,355 | -13.8% |
| Tangible fixed assets | 22/27 | €9,794 | €8,438 | -€1,355 | -13.8% |
| Land and buildings | 22 | €8,532 | €7,578 | -€954 | -11.2% |
| Plant, machinery and equipment | 23 | €1,262 | €860 | -€401 | -31.8% |
| Current assets | 29/58 | €175,508 | €323,243 | +€147,736 | +84.2% |
| Amounts receivable within one year | 40/41 | €14,219 | €15,609 | +€1,390 | +9.8% |
| Trade receivables | 40 | €14,219 | €15,609 | +€1,390 | +9.8% |
| Current investments | 50/53 | €90,000 | €10,000 | -€80,000 | -88.9% |
| Cash at bank and in hand | 54/58 | €71,289 | €276,712 | +€205,423 | +288.2% |
| Deferred charges and accrued income | 490/1 | - | €20,922 | +€20,922 | |
| Total equity and liabilities | 10/49 | €185,301 | €331,682 | +€146,380 | +79.0% |
| Equity | 10/15 | €141,293 | €256,379 | +€115,086 | +81.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €138,793 | €253,879 | +€115,086 | +82.9% |
| Distributable reserves | 133 | €138,793 | €253,879 | +€115,086 | +82.9% |
| Amounts payable | 17/49 | €44,009 | €75,303 | +€31,294 | +71.1% |
| Amounts payable within one year | 42/48 | €44,009 | €75,303 | +€31,294 | +71.1% |
| Trade debts | 44 | €3,029 | €1,334 | -€1,695 | -56.0% |
| Suppliers | 440/4 | €3,029 | €1,334 | -€1,695 | -56.0% |
| Taxes, remuneration and social security | 45 | €33,636 | €64,481 | +€30,845 | +91.7% |
| Taxes | 450/3 | €31,136 | €61,981 | +€30,845 | +99.1% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €7,343 | €9,488 | +€2,145 | +29.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,355 | €1,355 | = | 0.0% |
| Other operating charges | 640/8 | €316 | €194 | -€122 | -38.7% |
| Gross operating margin | 9900 | €88,416 | €143,998 | +€55,582 | +62.9% |
| Operating profit (loss) | 9901 | €86,745 | €142,449 | +€55,704 | +64.2% |
| Financial income | 75/76B | €304 | €4,839 | +€4,535 | +1493.6% |
| Recurring financial income | 75 | €304 | €4,839 | +€4,535 | +1493.6% |
| Financial charges | 65/66B | €302 | €141 | -€161 | -53.4% |
| Recurring financial charges | 65 | €302 | €141 | -€161 | -53.4% |
| Profit (loss) for the period before taxes | 9903 | €86,747 | €147,147 | +€60,400 | +69.6% |
| Income taxes | 67/77 | €17,737 | €32,061 | +€14,324 | +80.8% |
| Profit (loss) for the period | 9904 | €69,010 | €115,086 | +€46,076 | +66.8% |
| Profit (loss) for the period to be appropriated | 9905 | €69,010 | €115,086 | +€46,076 | +66.8% |
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 12 October 2026 via checked.be.