ToVer: 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.
ToVer
Largest movements
- Cash -€14,483
down €14,483 (-56.7%), from €25,535 to €11,052
mainly Contributions, distributions and other (-€109,412) and Accrued charges and deferred income (-€9,719)
- Receivables within one year +€7,816
up €7,816 (+39.1%), from €20,015 to €27,831
of which Trade receivables: +€9,519
- Deferred charges and accrued income +€3,301
new in 2025: €3,301
- Tangible fixed assets +€2,468
up €2,468 (+15.6%), from €15,859 to €18,327
of which Other tangible fixed assets: +€8,726
- Profit (loss) carried forward -€34,858
down €34,858 (-100.0%), from €34,858 to €0
- Other debts +€17,941
up €17,941 (+254.2%), from €7,059 to €25,000
- Reserves +€12,315
up €12,315 (+662.1%), from €1,860 to €14,175
- Accrued charges and deferred income -€9,719
no longer reported in 2025 (was €9,719)
- Tax, wage and social debts +€7,727
up €7,727 (+208.8%), from €3,700 to €11,427
of which Taxes: +€8,727
- Gross operating margin +€17,152
up €17,152 (+16.8%), from €101,894 to €119,045
- Taxes +€4,860
up €4,860 (+24.5%), from €19,837 to €24,698
- Financial income +€1,321
up €1,321 (+677.8%), from €195 to €1,516
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 | €76,409 | €75,512 | -€897 | -1.2% |
| Fixed assets | 21/28 | €15,859 | €18,327 | +€2,468 | +15.6% |
| Tangible fixed assets | 22/27 | €15,859 | €18,327 | +€2,468 | +15.6% |
| Land and buildings | 22 | €4,635 | €3,845 | -€790 | -17.0% |
| Plant, machinery and equipment | 23 | €870 | €126 | -€744 | -85.5% |
| Furniture and vehicles | 24 | €10,354 | €5,630 | -€4,724 | -45.6% |
| Other tangible fixed assets | 26 | - | €8,726 | +€8,726 | |
| Current assets | 29/58 | €60,550 | €57,185 | -€3,365 | -5.6% |
| Amounts receivable within one year | 40/41 | €20,015 | €27,831 | +€7,816 | +39.1% |
| Trade receivables | 40 | €17,927 | €27,447 | +€9,519 | +53.1% |
| Other amounts receivable | 41 | €2,088 | €385 | -€1,703 | -81.6% |
| Current investments | 50/53 | €15,000 | €15,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €25,535 | €11,052 | -€14,483 | -56.7% |
| Deferred charges and accrued income | 490/1 | - | €3,301 | +€3,301 | |
| Total equity and liabilities | 10/49 | €76,409 | €75,512 | -€897 | -1.2% |
| Equity | 10/15 | €55,318 | €32,775 | -€22,543 | -40.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €14,175 | +€12,315 | +662.1% |
| Distributable reserves | 133 | €1,860 | €14,175 | +€12,315 | +662.1% |
| Profit (loss) carried forward | 14 | €34,858 | €0 | -€34,858 | -100.0% |
| Amounts payable | 17/49 | €21,090 | €42,736 | +€21,646 | +102.6% |
| Amounts payable within one year | 42/48 | €11,371 | €42,736 | +€31,365 | +275.8% |
| Financial debts | 43 | - | €5,048 | +€5,048 | |
| Credit institutions | 430/8 | - | €5,048 | +€5,048 | |
| Trade debts | 44 | €612 | €1,262 | +€649 | +106.0% |
| Suppliers | 440/4 | €612 | €1,262 | +€649 | +106.0% |
| Taxes, remuneration and social security | 45 | €3,700 | €11,427 | +€7,727 | +208.8% |
| Taxes | 450/3 | €400 | €9,127 | +€8,727 | +2181.7% |
| Remuneration and social security | 454/9 | €3,300 | €2,300 | -€1,000 | -30.3% |
| Other amounts payable | 47/48 | €7,059 | €25,000 | +€17,941 | +254.2% |
| Accrued charges and deferred income | 492/3 | €9,719 | - | -€9,719 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,224 | €6,258 | +€34 | +0.5% |
| Other operating charges | 640/8 | €1,014 | €1,504 | +€490 | +48.3% |
| Gross operating margin | 9900 | €101,894 | €119,045 | +€17,152 | +16.8% |
| Operating profit (loss) | 9901 | €94,655 | €111,283 | +€16,628 | +17.6% |
| Financial income | 75/76B | €195 | €1,516 | +€1,321 | +677.8% |
| Recurring financial income | 75 | €195 | €1,516 | +€1,321 | +677.8% |
| Financial charges | 65/66B | €1,485 | €1,233 | -€253 | -17.0% |
| Recurring financial charges | 65 | €1,485 | €1,233 | -€253 | -17.0% |
| Profit (loss) for the period before taxes | 9903 | €93,365 | €111,566 | +€18,201 | +19.5% |
| Income taxes | 67/77 | €19,837 | €24,698 | +€4,860 | +24.5% |
| Profit (loss) for the period | 9904 | €73,528 | €86,869 | +€13,341 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €73,528 | €86,869 | +€13,341 | +18.1% |
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 7 October 2026 via checked.be.