Tovenaar: 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.
Tovenaar
Largest movements
- Cash -€14,752
down €14,752 (-24.3%), from €60,762 to €46,010
mainly Contributions, distributions and other (-€15,157) and Accrued charges and deferred income (-€12,500)
- Receivables within one year +€2,967
up €2,967 (+118.4%), from €2,505 to €5,472
of which Other amounts receivable: +€3,187
- Other debts +€15,157
up €15,157, from €0 to €15,157
- Profit (loss) carried forward -€14,956
down €14,956 (-85.3%), from €17,527 to €2,571
- Accrued charges and deferred income -€12,500
down €12,500 (-26.0%), from €48,000 to €35,500
- Trade debts +€2,254
up €2,254 (+61.4%), from €3,674 to €5,929
- Short-term financial debts -€2,219
down €2,219 (-67.4%), from €3,292 to €1,073
- Gross operating margin +€167,586
up €167,586 (+74.0%), from €226,527 to €394,113
- Staff costs +€165,870
up €165,870 (+77.1%), from €215,102 to €380,972
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 | €76,718 | €63,713 | -€13,005 | -17.0% |
| Fixed assets | 21/28 | €12,424 | €11,955 | -€469 | -3.8% |
| Tangible fixed assets | 22/27 | €12,424 | €11,955 | -€469 | -3.8% |
| Plant, machinery and equipment | 23 | €12,424 | €11,955 | -€469 | -3.8% |
| Current assets | 29/58 | €64,294 | €51,758 | -€12,536 | -19.5% |
| Amounts receivable within one year | 40/41 | €2,505 | €5,472 | +€2,967 | +118.4% |
| Trade receivables | 40 | €220 | €0 | -€220 | -100.0% |
| Other amounts receivable | 41 | €2,286 | €5,472 | +€3,187 | +139.4% |
| Cash at bank and in hand | 54/58 | €60,762 | €46,010 | -€14,752 | -24.3% |
| Deferred charges and accrued income | 490/1 | €1,027 | €276 | -€751 | -73.1% |
| Total equity and liabilities | 10/49 | €76,718 | €63,713 | -€13,005 | -17.0% |
| Equity | 10/15 | €20,727 | €5,771 | -€14,956 | -72.2% |
| Contributions | 10/11 | €3,200 | €3,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €17,527 | €2,571 | -€14,956 | -85.3% |
| Amounts payable | 17/49 | €55,991 | €57,942 | +€1,951 | +3.5% |
| Amounts payable within one year | 42/48 | €7,991 | €22,442 | +€14,451 | +180.8% |
| Financial debts | 43 | €3,292 | €1,073 | -€2,219 | -67.4% |
| Credit institutions | 430/8 | €3,292 | €1,073 | -€2,219 | -67.4% |
| Trade debts | 44 | €3,674 | €5,929 | +€2,254 | +61.4% |
| Suppliers | 440/4 | €3,674 | €5,929 | +€2,254 | +61.4% |
| Taxes, remuneration and social security | 45 | €1,025 | €284 | -€741 | -72.3% |
| Taxes | 450/3 | €1,025 | €284 | -€741 | -72.3% |
| Other amounts payable | 47/48 | €0 | €15,157 | +€15,157 | |
| Accrued charges and deferred income | 492/3 | €48,000 | €35,500 | -€12,500 | -26.0% |
| Remuneration, social security and pensions | 62 | €215,102 | €380,972 | +€165,870 | +77.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,131 | €7,670 | +€1,538 | +25.1% |
| Other operating charges | 640/8 | €281 | €544 | +€263 | +93.5% |
| Gross operating margin | 9900 | €226,527 | €394,113 | +€167,586 | +74.0% |
| Operating profit (loss) | 9901 | €5,012 | €4,927 | -€85 | -1.7% |
| Financial income | 75/76B | €24 | €243 | +€220 | +930.8% |
| Recurring financial income | 75 | €24 | €243 | +€220 | +930.8% |
| Financial charges | 65/66B | €1,412 | €1,686 | +€274 | +19.4% |
| Recurring financial charges | 65 | €1,412 | €1,686 | +€274 | +19.4% |
| Profit (loss) for the period before taxes | 9903 | €3,623 | €3,484 | -€139 | -3.8% |
| Income taxes | 67/77 | €2,425 | €3,284 | +€859 | +35.4% |
| Profit (loss) for the period | 9904 | €1,199 | €200 | -€998 | -83.3% |
| Profit (loss) for the period to be appropriated | 9905 | €1,199 | €200 | -€998 | -83.3% |
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 12 October 2026 via checked.be.