TOTTI: 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.
TOTTI
Largest movements
- Receivables within one year -€107,428
down €107,428 (-53.9%), from €199,204 to €91,776
of which Trade receivables: -€97,408
- Stocks and contracts -€43,563
down €43,563 (-74.5%), from €58,463 to €14,900
of which Contracts in progress: -€34,613
- Cash -€38,564
down €38,564 (-89.0%), from €43,346 to €4,782
mainly Trade debts (-€124,361) and Other debts (-€82,129)
- Tangible fixed assets +€9,659
new in 2024: €9,659
- Trade debts -€124,361
down €124,361 (-88.3%), from €140,850 to €16,489
- Other debts -€82,129
down €82,129 (-38.1%), from €215,343 to €133,215
- Profit (loss) carried forward +€27,474
up €27,474 (+39.9%), from -€68,896 to -€41,421
- Gross operating margin +€54,879
up €54,879 (+510%), from €10,762 to €65,641
- Taxes +€13,070
up €13,070, from €0 to €13,070
- Other operating charges -€3,511
down €3,511 (-77.8%), from €4,511 to €1,000
- Financial charges +€1,028
up €1,028 (+392%), from €262 to €1,290
- Financial income -€1,014
down €1,014 (-90.9%), from €1,115 to €101
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €301,779 | €121,282 | -€180,496 | -59.8% |
| Fixed assets | 21/28 | €765 | €9,824 | +€9,059 | +1,185% |
| Intangible fixed assets | 21 | €765 | €165 | -€600 | -78.5% |
| Tangible fixed assets | 22/27 | - | €9,659 | +€9,659 | |
| Furniture and vehicles | 24 | - | €9,659 | +€9,659 | |
| Current assets | 29/58 | €301,014 | €111,458 | -€189,556 | -63.0% |
| Stocks and contracts in progress | 3 | €58,463 | €14,900 | -€43,563 | -74.5% |
| Stocks | 30/36 | €23,850 | €14,900 | -€8,950 | -37.5% |
| Contracts in progress | 37 | €34,613 | €0 | -€34,613 | -100% |
| Amounts receivable within one year | 40/41 | €199,204 | €91,776 | -€107,428 | -53.9% |
| Trade receivables | 40 | €141,090 | €43,682 | -€97,408 | -69.0% |
| Other amounts receivable | 41 | €58,114 | €48,095 | -€10,020 | -17.2% |
| Cash at bank and in hand | 54/58 | €43,346 | €4,782 | -€38,564 | -89.0% |
| Total equity and liabilities | 10/49 | €301,779 | €121,282 | -€180,496 | -59.8% |
| Equity | 10/15 | -€55,896 | -€28,421 | +€27,474 | +49.2% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€68,896 | -€41,421 | +€27,474 | +39.9% |
| Amounts payable | 17/49 | €357,674 | €149,704 | -€207,971 | -58.1% |
| Amounts payable within one year | 42/48 | €357,674 | €149,704 | -€207,971 | -58.1% |
| Trade debts | 44 | €140,850 | €16,489 | -€124,361 | -88.3% |
| Suppliers | 440/4 | €140,850 | €16,489 | -€124,361 | -88.3% |
| Advances received on contracts in progress | 46 | €1,210 | €0 | -€1,210 | -100% |
| Taxes, remuneration and social security | 45 | €271 | €0 | -€271 | -100% |
| Taxes | 450/3 | €271 | €0 | -€271 | -100% |
| Other amounts payable | 47/48 | €215,343 | €133,215 | -€82,129 | -38.1% |
| Non-recurring operating income | 76A | - | €37,313 | +€37,313 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €600 | €1,169 | +€569 | +94.9% |
| Other operating charges | 640/8 | €4,511 | €1,000 | -€3,511 | -77.8% |
| Non-recurring operating charges | 66A | - | €21,738 | +€21,738 | |
| Gross operating margin | 9900 | €10,762 | €65,641 | +€54,879 | +510% |
| Operating profit (loss) | 9901 | €5,652 | €41,734 | +€36,082 | +638% |
| Financial income | 75/76B | €1,115 | €101 | -€1,014 | -90.9% |
| Recurring financial income | 75 | €1,115 | €101 | -€1,014 | -90.9% |
| Financial charges | 65/66B | €262 | €1,290 | +€1,028 | +392% |
| Recurring financial charges | 65 | €262 | €1,290 | +€1,028 | +392% |
| Profit (loss) for the period before taxes | 9903 | €6,504 | €40,545 | +€34,040 | +523% |
| Income taxes | 67/77 | €0 | €13,070 | +€13,070 | |
| Profit (loss) for the period | 9904 | €6,504 | €27,474 | +€20,970 | +322% |
| Profit (loss) for the period to be appropriated | 9905 | €6,504 | €27,474 | +€20,970 | +322% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.