TOTUS: 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.
TOTUS
Largest movements
- Receivables after one year -€176,590
down €176,590 (-85.8%), from €205,826 to €29,236
- Cash -€28,773
down €28,773 (-44.8%), from €64,248 to €35,474
mainly Contributions, distributions and other (-€192,886) and Other debts (-€38,475)
- Receivables within one year +€22,170
up €22,170 (+18.3%), from €121,033 to €143,203
of which Trade receivables: +€40,786
- Reserves -€146,342
down €146,342 (-40.4%), from €361,985 to €215,642
- Other debts -€38,475
no longer reported in 2025 (was €38,475)
- Debts after one year -€13,600
down €13,600 (-13.8%), from €98,600 to €85,000
- Tax, wage and social debts +€11,989
up €11,989 (+121%), from €9,885 to €21,873
- Gross operating margin -€21,498
down €21,498 (-19.2%), from €112,067 to €90,569
- Financial income -€13,792
down €13,792 (-92.2%), from €14,962 to €1,169
of which Financial income: -€7,151
- Taxes -€2,791
down €2,791 (-11.7%), from €23,864 to €21,073
- Financial charges -€2,567
down €2,567 (-16.9%), from €15,217 to €12,650
- Depreciation -€2,221
down €2,221 (-19.0%), from €11,677 to €9,456
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 | €568,878 | €384,107 | -€184,771 | -32.5% |
| Fixed assets | 21/28 | €173,753 | €168,762 | -€4,991 | -2.9% |
| Tangible fixed assets | 22/27 | €173,753 | €168,762 | -€4,991 | -2.9% |
| Land and buildings | 22 | €163,433 | €157,985 | -€5,448 | -3.3% |
| Furniture and vehicles | 24 | €9,422 | €10,408 | +€985 | +10.5% |
| Other tangible fixed assets | 26 | €898 | €369 | -€528 | -58.9% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €395,125 | €215,345 | -€179,780 | -45.5% |
| Amounts receivable after more than one year | 29 | €205,826 | €29,236 | -€176,590 | -85.8% |
| Other amounts receivable | 291 | €205,826 | €29,236 | -€176,590 | -85.8% |
| Amounts receivable within one year | 40/41 | €121,033 | €143,203 | +€22,170 | +18.3% |
| Trade receivables | 40 | €70,639 | €111,425 | +€40,786 | +57.7% |
| Other amounts receivable | 41 | €50,394 | €31,777 | -€18,617 | -36.9% |
| Cash at bank and in hand | 54/58 | €64,248 | €35,474 | -€28,773 | -44.8% |
| Deferred charges and accrued income | 490/1 | €4,019 | €7,432 | +€3,413 | +84.9% |
| Total equity and liabilities | 10/49 | €568,878 | €384,107 | -€184,771 | -32.5% |
| Equity | 10/15 | €391,039 | €244,697 | -€146,342 | -37.4% |
| Contributions | 10/11 | €22,000 | €22,000 | = | 0.0% |
| Reserves | 13 | €361,985 | €215,642 | -€146,342 | -40.4% |
| Distributable reserves | 133 | €361,985 | €215,642 | -€146,342 | -40.4% |
| Profit (loss) carried forward | 14 | €7,054 | €7,054 | = | 0.0% |
| Amounts payable | 17/49 | €177,839 | €139,410 | -€38,429 | -21.6% |
| Amounts payable after more than one year | 17 | €98,600 | €85,000 | -€13,600 | -13.8% |
| Financial debts | 170/4 | €98,600 | €85,000 | -€13,600 | -13.8% |
| Amounts payable within one year | 42/48 | €79,239 | €54,410 | -€24,829 | -31.3% |
| Current portion of amounts payable after more than one year | 42 | €17,650 | €15,134 | -€2,516 | -14.3% |
| Financial debts | 43 | €10,000 | €10,000 | = | 0.0% |
| Credit institutions | 430/8 | €10,000 | €10,000 | = | 0.0% |
| Trade debts | 44 | €3,230 | €7,403 | +€4,173 | +129% |
| Suppliers | 440/4 | €3,230 | €7,403 | +€4,173 | +129% |
| Taxes, remuneration and social security | 45 | €9,885 | €21,873 | +€11,989 | +121% |
| Taxes | 450/3 | €9,885 | €21,873 | +€11,989 | +121% |
| Other amounts payable | 47/48 | €38,475 | - | -€38,475 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,677 | €9,456 | -€2,221 | -19.0% |
| Other operating charges | 640/8 | €3,301 | €2,016 | -€1,285 | -38.9% |
| Gross operating margin | 9900 | €112,067 | €90,569 | -€21,498 | -19.2% |
| Operating profit (loss) | 9901 | €97,089 | €79,097 | -€17,992 | -18.5% |
| Financial income | 75/76B | €14,962 | €1,169 | -€13,792 | -92.2% |
| Recurring financial income | 75 | €8,320 | €1,169 | -€7,151 | -85.9% |
| Non-recurring financial income | 76B | €6,642 | - | -€6,642 | |
| Financial charges | 65/66B | €15,217 | €12,650 | -€2,567 | -16.9% |
| Recurring financial charges | 65 | €15,217 | €12,650 | -€2,567 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €96,833 | €67,617 | -€29,217 | -30.2% |
| Income taxes | 67/77 | €23,864 | €21,073 | -€2,791 | -11.7% |
| Profit (loss) for the period | 9904 | €72,969 | €46,544 | -€26,425 | -36.2% |
| Profit (loss) for the period to be appropriated | 9905 | €72,969 | €46,544 | -€26,425 | -36.2% |
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.