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
- Tangible fixed assets -€65,423
down €65,423 (-9.5%), from €688,325 to €622,903
of which Land and buildings: -€38,685
- Debts after one year -€86,270
down €86,270 (-27.0%), from €320,059 to €233,789
- Other debts +€40,983
up €40,983 (+5.6%), from €726,789 to €767,772
- Profit (loss) carried forward -€30,197
down €30,197 (-8.2%), from -€370,376 to -€400,573
- Financial charges -€7,344
down €7,344 (-26.2%), from €28,059 to €20,714
- Gross operating margin +€934
up €934 (+1.6%), from €58,493 to €59,427
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 | €836,998 | €768,791 | -€68,207 | -8.1% |
| Fixed assets | 21/28 | €688,325 | €622,903 | -€65,423 | -9.5% |
| Tangible fixed assets | 22/27 | €688,325 | €622,903 | -€65,423 | -9.5% |
| Land and buildings | 22 | €607,593 | €568,908 | -€38,685 | -6.4% |
| Plant, machinery and equipment | 23 | €76,719 | €50,974 | -€25,746 | -33.6% |
| Furniture and vehicles | 24 | €4,013 | €3,021 | -€992 | -24.7% |
| Current assets | 29/58 | €148,673 | €145,888 | -€2,784 | -1.9% |
| Amounts receivable within one year | 40/41 | €116,674 | €116,674 | = | 0.0% |
| Trade receivables | 40 | €12,875 | €12,875 | = | 0.0% |
| Other amounts receivable | 41 | €103,799 | €103,799 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €29,743 | €29,214 | -€529 | -1.8% |
| Deferred charges and accrued income | 490/1 | €2,256 | - | -€2,256 | |
| Total equity and liabilities | 10/49 | €836,998 | €768,791 | -€68,207 | -8.1% |
| Equity | 10/15 | -€344,506 | -€374,703 | -€30,197 | -8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €7,270 | €7,270 | = | 0.0% |
| Distributable reserves | 133 | €7,270 | €7,270 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€370,376 | -€400,573 | -€30,197 | -8.2% |
| Amounts payable | 17/49 | €1,181,504 | €1,143,494 | -€38,010 | -3.2% |
| Amounts payable after more than one year | 17 | €320,059 | €233,789 | -€86,270 | -27.0% |
| Financial debts | 170/4 | €320,059 | €233,789 | -€86,270 | -27.0% |
| Amounts payable within one year | 42/48 | €861,445 | €909,705 | +€48,260 | +5.6% |
| Current portion of amounts payable after more than one year | 42 | €111,988 | €116,270 | +€4,283 | +3.8% |
| Trade debts | 44 | €17,885 | €20,880 | +€2,995 | +16.7% |
| Suppliers | 440/4 | €17,885 | €20,880 | +€2,995 | +16.7% |
| Advances received on contracts in progress | 46 | €4,783 | €4,783 | = | 0.0% |
| Other amounts payable | 47/48 | €726,789 | €767,772 | +€40,983 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,375 | €65,423 | +€48 | +0.1% |
| Other operating charges | 640/8 | €3,382 | €3,487 | +€105 | +3.1% |
| Gross operating margin | 9900 | €58,493 | €59,427 | +€934 | +1.6% |
| Operating profit (loss) | 9901 | -€10,264 | -€9,483 | +€781 | +7.6% |
| Financial charges | 65/66B | €28,059 | €20,714 | -€7,344 | -26.2% |
| Recurring financial charges | 65 | €28,059 | €20,714 | -€7,344 | -26.2% |
| Profit (loss) for the period before taxes | 9903 | -€38,323 | -€30,197 | +€8,126 | +21.2% |
| Profit (loss) for the period | 9904 | -€38,323 | -€30,197 | +€8,126 | +21.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,323 | -€30,197 | +€8,126 | +21.2% |
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 30 September 2026 via checked.be.