Tovas Consulting: 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.
Tovas Consulting
Largest movements
- Cash +€33,141
up €33,141 (+98.0%), from €33,804 to €66,946
mainly Net result for the year (+€38,834) and Tax, wage and social debts (+€16,484)
- Tangible fixed assets +€21,673
up €21,673 (+207%), from €10,449 to €32,122
of which Plant, machinery and equipment: +€18,319
- Profit (loss) carried forward +€38,834
up €38,834 (+108%), from €35,905 to €74,740
- Tax, wage and social debts +€16,484
up €16,484 (+85.5%), from €19,270 to €35,754
of which Taxes: +€16,484
- Gross operating margin +€9,989
up €9,989 (+20.0%), from €49,941 to €59,930
- Depreciation +€3,771
up €3,771 (+523%), from €722 to €4,493
- Financial charges +€1,765
up €1,765 (+130%), from €1,361 to €3,127
- Taxes +€990
up €990 (+10.2%), from €9,730 to €10,720
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 | €58,402 | €113,997 | +€55,595 | +95.2% |
| Fixed assets | 21/28 | €10,449 | €32,122 | +€21,673 | +207% |
| Tangible fixed assets | 22/27 | €10,449 | €32,122 | +€21,673 | +207% |
| Plant, machinery and equipment | 23 | €3,379 | €21,697 | +€18,319 | +542% |
| Furniture and vehicles | 24 | €7,070 | €10,424 | +€3,354 | +47.4% |
| Current assets | 29/58 | €47,953 | €81,875 | +€33,922 | +70.7% |
| Amounts receivable within one year | 40/41 | €14,149 | €14,930 | +€781 | +5.5% |
| Trade receivables | 40 | €14,139 | €14,930 | +€791 | +5.6% |
| Other amounts receivable | 41 | €10 | - | -€10 | |
| Cash at bank and in hand | 54/58 | €33,804 | €66,946 | +€33,141 | +98.0% |
| Total equity and liabilities | 10/49 | €58,402 | €113,997 | +€55,595 | +95.2% |
| Equity | 10/15 | €38,905 | €77,740 | +€38,834 | +99.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €35,905 | €74,740 | +€38,834 | +108% |
| Amounts payable | 17/49 | €19,497 | €36,257 | +€16,760 | +86.0% |
| Amounts payable within one year | 42/48 | €19,497 | €36,257 | +€16,760 | +86.0% |
| Trade debts | 44 | €58 | €315 | +€256 | +438% |
| Suppliers | 440/4 | €58 | €315 | +€256 | +438% |
| Taxes, remuneration and social security | 45 | €19,270 | €35,754 | +€16,484 | +85.5% |
| Taxes | 450/3 | €16,770 | €33,254 | +€16,484 | +98.3% |
| Remuneration and social security | 454/9 | €2,500 | €2,500 | = | 0.0% |
| Other amounts payable | 47/48 | €169 | €189 | +€20 | +11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €722 | €4,493 | +€3,771 | +523% |
| Other operating charges | 640/8 | €2,223 | €2,757 | +€534 | +24.0% |
| Gross operating margin | 9900 | €49,941 | €59,930 | +€9,989 | +20.0% |
| Operating profit (loss) | 9901 | €46,997 | €52,681 | +€5,684 | +12.1% |
| Financial income | 75/76B | €0 | €1 | +€1 | +5,300% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +5,300% |
| Financial charges | 65/66B | €1,361 | €3,127 | +€1,765 | +130% |
| Recurring financial charges | 65 | €1,361 | €3,127 | +€1,765 | +130% |
| Profit (loss) for the period before taxes | 9903 | €45,635 | €49,554 | +€3,919 | +8.6% |
| Income taxes | 67/77 | €9,730 | €10,720 | +€990 | +10.2% |
| Profit (loss) for the period | 9904 | €35,905 | €38,834 | +€2,929 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,905 | €38,834 | +€2,929 | +8.2% |
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 31 October 2026 via checked.be.