ToVa: 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.
ToVa
Largest movements
- Cash +€94,080
new in 2025: €94,080
mainly Net result for the year (+€65,290) and Other debts (+€64,361)
- Receivables within one year -€32,861
down €32,861 (-40.7%), from €80,642 to €47,781
of which Trade receivables: -€50,861
- Other debts +€64,361
new in 2025: €64,361
- Debts after one year -€10,834
down €10,834 (-19.8%), from €54,579 to €43,745
- Tax, wage and social debts +€6,838
up €6,838 (+64.2%), from €10,654 to €17,492
of which Taxes: +€6,838
- Financial income +€58,203
up €58,203 (+1,317%), from €4,421 to €62,623
of which Non-recurring financial income: +€60,392
- Taxes +€7,312
up €7,312 (+179%), from €4,076 to €11,388
- Gross operating margin +€2,135
up €2,135 (+9.9%), from €21,607 to €23,742
- Staff costs -€1,685
down €1,685 (-100%), from €1,685 to €0
- Financial charges -€1,356
down €1,356 (-14.6%), from €9,289 to €7,934
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 | €207,447 | €266,244 | +€58,798 | +28.3% |
| Fixed assets | 21/28 | €123,962 | €122,999 | -€963 | -0.8% |
| Tangible fixed assets | 22/27 | €2,897 | €2,125 | -€773 | -26.7% |
| Plant, machinery and equipment | 23 | €2,897 | €2,125 | -€773 | -26.7% |
| Financial fixed assets | 28 | €121,065 | €120,875 | -€190 | -0.2% |
| Current assets | 29/58 | €83,485 | €143,245 | +€59,760 | +71.6% |
| Amounts receivable within one year | 40/41 | €80,642 | €47,781 | -€32,861 | -40.7% |
| Trade receivables | 40 | €59,861 | €9,000 | -€50,861 | -85.0% |
| Other amounts receivable | 41 | €20,781 | €38,781 | +€18,001 | +86.6% |
| Cash at bank and in hand | 54/58 | - | €94,080 | +€94,080 | |
| Deferred charges and accrued income | 490/1 | €2,843 | €1,383 | -€1,459 | -51.3% |
| Total equity and liabilities | 10/49 | €207,447 | €266,244 | +€58,798 | +28.3% |
| Equity | 10/15 | €122,870 | €123,799 | +€929 | +0.8% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €102,870 | €103,799 | +€929 | +0.9% |
| Non-distributable reserves | 130/1 | €75 | €75 | = | 0.0% |
| Reserves not available under the articles | 1311 | €75 | €75 | = | 0.0% |
| Distributable reserves | 133 | €102,795 | €103,724 | +€929 | +0.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €84,577 | €142,445 | +€57,869 | +68.4% |
| Amounts payable after more than one year | 17 | €54,579 | €43,745 | -€10,834 | -19.8% |
| Financial debts | 170/4 | €54,579 | €43,745 | -€10,834 | -19.8% |
| Amounts payable within one year | 42/48 | €29,998 | €98,700 | +€68,703 | +229% |
| Current portion of amounts payable after more than one year | 42 | €13,559 | €13,862 | +€303 | +2.2% |
| Financial debts | 43 | €1,535 | €0 | -€1,535 | -100% |
| Credit institutions | 430/8 | €1,535 | €0 | -€1,535 | -100% |
| Trade debts | 44 | €4,250 | €2,985 | -€1,264 | -29.7% |
| Suppliers | 440/4 | €4,250 | €2,985 | -€1,264 | -29.7% |
| Taxes, remuneration and social security | 45 | €10,654 | €17,492 | +€6,838 | +64.2% |
| Taxes | 450/3 | €8,154 | €14,992 | +€6,838 | +83.9% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | - | €64,361 | +€64,361 | |
| Remuneration, social security and pensions | 62 | €1,685 | €0 | -€1,685 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €773 | €773 | = | 0.0% |
| Other operating charges | 640/8 | €320 | €981 | +€661 | +207% |
| Gross operating margin | 9900 | €21,607 | €23,742 | +€2,135 | +9.9% |
| Operating profit (loss) | 9901 | €18,830 | €21,989 | +€3,159 | +16.8% |
| Financial income | 75/76B | €4,421 | €62,623 | +€58,203 | +1,317% |
| Recurring financial income | 75 | €2,302 | €113 | -€2,189 | -95.1% |
| Non-recurring financial income | 76B | €2,118 | €62,510 | +€60,392 | +2,851% |
| Financial charges | 65/66B | €9,289 | €7,934 | -€1,356 | -14.6% |
| Recurring financial charges | 65 | €9,289 | €7,934 | -€1,356 | -14.6% |
| Profit (loss) for the period before taxes | 9903 | €13,961 | €76,678 | +€62,717 | +449% |
| Income taxes | 67/77 | €4,076 | €11,388 | +€7,312 | +179% |
| Profit (loss) for the period | 9904 | €9,885 | €65,290 | +€55,405 | +560% |
| Profit (loss) for the period to be appropriated | 9905 | €9,885 | €65,290 | +€55,405 | +560% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.