TOVERPEN: 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.
TOVERPEN
Largest movements
- Cash -€1,890
down €1,890 (-12.9%), from €14,703 to €12,813
mainly Accrued charges and deferred income (-€2,126) and Investment in fixed assets (net) (-€1,743)
- Receivables within one year -€1,029
down €1,029 (-21.0%), from €4,901 to €3,872
- Tangible fixed assets +€455
up €455 (+39.7%), from €1,147 to €1,602
of which Plant, machinery and equipment: +€1,602
- Accrued charges and deferred income -€2,126
down €2,126 (-11.9%), from €17,884 to €15,758
- Trade debts -€294
no longer reported in 2025 (was €294)
- Gross operating margin -€2,627
down €2,627 (-59.4%), from €4,423 to €1,796
- Depreciation -€618
down €618 (-32.4%), from €1,905 to €1,287
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 | €20,750 | €18,287 | -€2,463 | -11.9% |
| Fixed assets | 21/28 | €1,147 | €1,602 | +€455 | +39.7% |
| Tangible fixed assets | 22/27 | €1,147 | €1,602 | +€455 | +39.7% |
| Plant, machinery and equipment | 23 | - | €1,602 | +€1,602 | |
| Furniture and vehicles | 24 | €1,147 | - | -€1,147 | |
| Current assets | 29/58 | €19,604 | €16,685 | -€2,919 | -14.9% |
| Amounts receivable within one year | 40/41 | €4,901 | €3,872 | -€1,029 | -21.0% |
| Trade receivables | 40 | €4,901 | €3,872 | -€1,029 | -21.0% |
| Cash at bank and in hand | 54/58 | €14,703 | €12,813 | -€1,890 | -12.9% |
| Total equity and liabilities | 10/49 | €20,750 | €18,287 | -€2,463 | -11.9% |
| Equity | 10/15 | €2,179 | €1,996 | -€183 | -8.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €3,225 | €3,225 | = | 0.0% |
| Non-distributable reserves | 130/1 | €725 | €725 | = | 0.0% |
| Reserves not available under the articles | 1311 | €725 | €725 | = | 0.0% |
| Distributable reserves | 133 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€13,446 | -€13,629 | -€183 | -1.4% |
| Amounts payable | 17/49 | €18,572 | €16,291 | -€2,280 | -12.3% |
| Amounts payable within one year | 42/48 | €687 | €533 | -€154 | -22.4% |
| Trade debts | 44 | €294 | - | -€294 | |
| Suppliers | 440/4 | €294 | - | -€294 | |
| Taxes, remuneration and social security | 45 | €393 | €533 | +€140 | +35.5% |
| Taxes | 450/3 | €393 | €533 | +€140 | +35.5% |
| Accrued charges and deferred income | 492/3 | €17,884 | €15,758 | -€2,126 | -11.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,905 | €1,287 | -€618 | -32.4% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €4,423 | €1,796 | -€2,627 | -59.4% |
| Operating profit (loss) | 9901 | €2,131 | €109 | -€2,022 | -94.9% |
| Financial charges | 65/66B | €108 | €127 | +€19 | +17.5% |
| Recurring financial charges | 65 | €108 | €127 | +€19 | +17.5% |
| Profit (loss) for the period before taxes | 9903 | €2,023 | -€18 | -€2,041 | |
| Income taxes | 67/77 | €160 | €165 | +€5 | +3.1% |
| Profit (loss) for the period | 9904 | €1,863 | -€183 | -€2,046 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,863 | -€183 | -€2,046 |
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 11 October 2026 via checked.be.