Touvelo: 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.
Touvelo
Largest movements
- Cash +€268,509
up €268,509 (+30.4%), from €884,591 to €1.2m
mainly Net result for the year (+€331,946) and Stocks and contracts (+€51,228)
- Current investments +€73,551
up €73,551 (+48.4%), from €151,844 to €225,395
- Stocks and contracts -€51,228
down €51,228 (-13.8%), from €370,765 to €319,536
- Receivables within one year +€44,458
up €44,458 (+78.7%), from €56,490 to €100,948
of which Trade receivables: +€44,458
- Tangible fixed assets -€41,624
down €41,624 (-9.0%), from €464,934 to €423,309
of which Land and buildings: -€32,158
- Reserves +€331,946
up €331,946 (+25.5%), from €1.3m to €1.6m
of which Distributable reserves: +€331,946
- Other debts -€47,472
down €47,472 (-11.5%), from €413,070 to €365,598
- Staff costs -€17,040
down €17,040 (-23.3%), from €73,049 to €56,008
- Financial charges +€15,929
up €15,929 (+315%), from €5,051 to €20,981
- Gross operating margin +€12,081
up €12,081 (+2.1%), from €570,778 to €582,859
- Financial income +€8,987
up €8,987 (+68.3%), from €13,163 to €22,150
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 | €1,941,592 | €2,232,469 | +€290,877 | +15.0% |
| Fixed assets | 21/28 | €475,734 | €431,610 | -€44,124 | -9.3% |
| Intangible fixed assets | 21 | €6,863 | €4,363 | -€2,500 | -36.4% |
| Tangible fixed assets | 22/27 | €464,934 | €423,309 | -€41,624 | -9.0% |
| Land and buildings | 22 | €428,488 | €396,330 | -€32,158 | -7.5% |
| Plant, machinery and equipment | 23 | €7,427 | €6,410 | -€1,017 | -13.7% |
| Furniture and vehicles | 24 | €12,618 | €6,999 | -€5,619 | -44.5% |
| Other tangible fixed assets | 26 | €16,401 | €13,571 | -€2,830 | -17.3% |
| Financial fixed assets | 28 | €3,937 | €3,937 | = | 0.0% |
| Current assets | 29/58 | €1,465,858 | €1,800,859 | +€335,002 | +22.9% |
| Stocks and contracts in progress | 3 | €370,765 | €319,536 | -€51,228 | -13.8% |
| Stocks | 30/36 | €370,765 | €319,536 | -€51,228 | -13.8% |
| Amounts receivable within one year | 40/41 | €56,490 | €100,948 | +€44,458 | +78.7% |
| Trade receivables | 40 | €56,490 | €100,948 | +€44,458 | +78.7% |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €151,844 | €225,395 | +€73,551 | +48.4% |
| Cash at bank and in hand | 54/58 | €884,591 | €1,153,100 | +€268,509 | +30.4% |
| Deferred charges and accrued income | 490/1 | €2,168 | €1,881 | -€288 | -13.3% |
| Total equity and liabilities | 10/49 | €1,941,592 | €2,232,469 | +€290,877 | +15.0% |
| Equity | 10/15 | €1,380,279 | €1,712,225 | +€331,946 | +24.0% |
| Contributions | 10/11 | €77,500 | €77,500 | = | 0.0% |
| Reserves | 13 | €1,302,779 | €1,634,725 | +€331,946 | +25.5% |
| Non-distributable reserves | 130/1 | €3,980 | €3,980 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,980 | €3,980 | = | 0.0% |
| Distributable reserves | 133 | €1,298,799 | €1,630,745 | +€331,946 | +25.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €561,313 | €520,244 | -€41,069 | -7.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €557,733 | €503,140 | -€54,593 | -9.8% |
| Trade debts | 44 | €44,061 | €48,198 | +€4,137 | +9.4% |
| Suppliers | 440/4 | €44,061 | €48,198 | +€4,137 | +9.4% |
| Taxes, remuneration and social security | 45 | €100,603 | €89,344 | -€11,259 | -11.2% |
| Taxes | 450/3 | €85,370 | €77,778 | -€7,592 | -8.9% |
| Remuneration and social security | 454/9 | €15,233 | €11,566 | -€3,667 | -24.1% |
| Other amounts payable | 47/48 | €413,070 | €365,598 | -€47,472 | -11.5% |
| Accrued charges and deferred income | 492/3 | €3,580 | €17,104 | +€13,524 | +378% |
| Remuneration, social security and pensions | 62 | €73,049 | €56,008 | -€17,040 | -23.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,245 | €44,124 | -€120 | -0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€1,677 | -€1,677 | |
| Other operating charges | 640/8 | €2,723 | €4,208 | +€1,485 | +54.5% |
| Gross operating margin | 9900 | €570,778 | €582,859 | +€12,081 | +2.1% |
| Operating profit (loss) | 9901 | €450,761 | €480,196 | +€29,434 | +6.5% |
| Financial income | 75/76B | €13,163 | €22,150 | +€8,987 | +68.3% |
| Recurring financial income | 75 | €13,163 | €22,150 | +€8,987 | +68.3% |
| Financial charges | 65/66B | €5,051 | €20,981 | +€15,929 | +315% |
| Recurring financial charges | 65 | €5,051 | €20,981 | +€15,929 | +315% |
| Profit (loss) for the period before taxes | 9903 | €458,873 | €481,365 | +€22,492 | +4.9% |
| Income taxes | 67/77 | €144,597 | €149,419 | +€4,822 | +3.3% |
| Profit (loss) for the period | 9904 | €314,276 | €331,946 | +€17,670 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €314,276 | €331,946 | +€17,670 | +5.6% |
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 19 October 2026 via checked.be.