TOUNDRA: what changed
Two fiscal 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.
TOUNDRA
Largest movements
- Current investments +€30,099
new in 2025: €30,099
- Receivables within one year -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Tangible fixed assets +€13,711
up €13,711 (+9.8%), from €140,307 to €154,019
- Cash +€8,875
up €8,875 (+107.0%), from €8,292 to €17,166
mainly Net result for the year (+€35,581) and Receivables within one year (+€15,000)
- Profit (loss) carried forward +€34,748
up €34,748, from €0 to €34,748
- Other debts -€17,417
down €17,417 (-32.9%), from €53,012 to €35,596
- Debts after one year +€11,345
up €11,345 (+30.3%), from €37,500 to €48,845
- Tax, wage and social debts +€6,778
up €6,778 (+39.1%), from €17,332 to €24,110
- Depreciation -€18,841
down €18,841 (-84.6%), from €22,283 to €3,442
- Financial charges +€6,508
up €6,508 (+88.1%), from €7,386 to €13,894
- Gross operating margin +€1,237
up €1,237 (+2.0%), from €60,850 to €62,087
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 | €164,516 | €201,939 | +€37,424 | +22.7% |
| Formation expenses | 20 | €916 | €655 | -€262 | -28.6% |
| Fixed assets | 21/28 | €140,307 | €154,019 | +€13,711 | +9.8% |
| Tangible fixed assets | 22/27 | €140,307 | €154,019 | +€13,711 | +9.8% |
| Land and buildings | 22 | €140,307 | €154,019 | +€13,711 | +9.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €23,292 | €47,266 | +€23,974 | +102.9% |
| Amounts receivable within one year | 40/41 | €15,000 | €0 | -€15,000 | -100.0% |
| Trade receivables | 40 | €15,000 | €0 | -€15,000 | -100.0% |
| Current investments | 50/53 | - | €30,099 | +€30,099 | |
| Cash at bank and in hand | 54/58 | €8,292 | €17,166 | +€8,875 | +107.0% |
| Total equity and liabilities | 10/49 | €164,516 | €201,939 | +€37,424 | +22.7% |
| Equity | 10/15 | €56,660 | €91,408 | +€34,748 | +61.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €36,660 | €36,660 | = | 0.0% |
| Distributable reserves | 133 | €36,660 | €36,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €34,748 | +€34,748 | |
| Amounts payable | 17/49 | €107,856 | €110,531 | +€2,675 | +2.5% |
| Amounts payable after more than one year | 17 | €37,500 | €48,845 | +€11,345 | +30.3% |
| Financial debts | 170/4 | €37,500 | €48,845 | +€11,345 | +30.3% |
| Amounts payable within one year | 42/48 | €70,356 | €61,686 | -€8,669 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | - | €1,891 | +€1,891 | |
| Trade debts | 44 | €12 | €90 | +€79 | +686.2% |
| Suppliers | 440/4 | €12 | €90 | +€79 | +686.2% |
| Taxes, remuneration and social security | 45 | €17,332 | €24,110 | +€6,778 | +39.1% |
| Taxes | 450/3 | €17,332 | €24,110 | +€6,778 | +39.1% |
| Other amounts payable | 47/48 | €53,012 | €35,596 | -€17,417 | -32.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,283 | €3,442 | -€18,841 | -84.6% |
| Other operating charges | 640/8 | €444 | €416 | -€28 | -6.3% |
| Gross operating margin | 9900 | €60,850 | €62,087 | +€1,237 | +2.0% |
| Operating profit (loss) | 9901 | €38,122 | €58,229 | +€20,106 | +52.7% |
| Financial income | 75/76B | - | €142 | +€142 | |
| Recurring financial income | 75 | - | €142 | +€142 | |
| Financial charges | 65/66B | €7,386 | €13,894 | +€6,508 | +88.1% |
| Recurring financial charges | 65 | €7,386 | €13,894 | +€6,508 | +88.1% |
| Profit (loss) for the period before taxes | 9903 | €30,736 | €44,477 | +€13,740 | +44.7% |
| Income taxes | 67/77 | €8,305 | €8,895 | +€591 | +7.1% |
| Profit (loss) for the period | 9904 | €22,432 | €35,581 | +€13,149 | +58.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,432 | €35,581 | +€13,149 | +58.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.