Tovi: 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.
Tovi
Largest movements
- Tangible fixed assets -€37,402
down €37,402 (-3.2%), from €1.2m to €1.1m
of which Land and buildings: -€30,123
- Cash +€27,291
up €27,291 (+110%), from €24,880 to €52,171
mainly Depreciation (+€41,992) and Other debts (+€26,280)
- Receivables within one year -€15,427
down €15,427 (-34.3%), from €45,026 to €29,599
of which Trade receivables: -€11,355
- Debts after one year -€47,633
down €47,633 (-8.6%), from €555,722 to €508,089
- Other debts +€26,280
up €26,280 (+5.3%), from €495,588 to €521,868
- Profit (loss) carried forward +€14,732
up €14,732 (+85.7%), from -€17,196 to -€2,463
- Gross operating margin +€31,885
up €31,885 (+34.3%), from €93,068 to €124,953
- Financial charges +€14,964
up €14,964 (+48.4%), from €30,924 to €45,888
- Other operating charges +€13,886
up €13,886 (+166%), from €8,371 to €22,257
- Depreciation -€3,820
down €3,820 (-8.3%), from €45,812 to €41,992
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,224,024 | €1,198,496 | -€25,529 | -2.1% |
| Fixed assets | 21/28 | €1,153,807 | €1,116,405 | -€37,402 | -3.2% |
| Tangible fixed assets | 22/27 | €1,153,807 | €1,116,405 | -€37,402 | -3.2% |
| Land and buildings | 22 | €1,143,704 | €1,113,581 | -€30,123 | -2.6% |
| Plant, machinery and equipment | 23 | €6,584 | €1,346 | -€5,238 | -79.6% |
| Furniture and vehicles | 24 | €3,519 | €1,478 | -€2,041 | -58.0% |
| Current assets | 29/58 | €70,217 | €82,091 | +€11,874 | +16.9% |
| Amounts receivable within one year | 40/41 | €45,026 | €29,599 | -€15,427 | -34.3% |
| Trade receivables | 40 | €34,712 | €23,357 | -€11,355 | -32.7% |
| Other amounts receivable | 41 | €10,314 | €6,241 | -€4,073 | -39.5% |
| Cash at bank and in hand | 54/58 | €24,880 | €52,171 | +€27,291 | +110% |
| Deferred charges and accrued income | 490/1 | €311 | €322 | +€11 | +3.4% |
| Total equity and liabilities | 10/49 | €1,224,024 | €1,198,496 | -€25,529 | -2.1% |
| Equity | 10/15 | €89,004 | €103,737 | +€14,732 | +16.6% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Reserves | 13 | €31,832 | €31,832 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Distributable reserves | 133 | €24,395 | €24,395 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€17,196 | -€2,463 | +€14,732 | +85.7% |
| Amounts payable | 17/49 | €1,135,020 | €1,094,759 | -€40,261 | -3.5% |
| Amounts payable after more than one year | 17 | €555,722 | €508,089 | -€47,633 | -8.6% |
| Financial debts | 170/4 | €555,722 | €508,089 | -€47,633 | -8.6% |
| Amounts payable within one year | 42/48 | €575,148 | €586,670 | +€11,522 | +2.0% |
| Current portion of amounts payable after more than one year | 42 | €47,633 | €47,633 | = | 0.0% |
| Trade debts | 44 | €13,350 | €2,274 | -€11,076 | -83.0% |
| Suppliers | 440/4 | €13,350 | €2,274 | -€11,076 | -83.0% |
| Taxes, remuneration and social security | 45 | €18,576 | €14,894 | -€3,682 | -19.8% |
| Taxes | 450/3 | €13,041 | €13,564 | +€523 | +4.0% |
| Remuneration and social security | 454/9 | €5,535 | €1,330 | -€4,205 | -76.0% |
| Other amounts payable | 47/48 | €495,588 | €521,868 | +€26,280 | +5.3% |
| Accrued charges and deferred income | 492/3 | €4,150 | - | -€4,150 | |
| Non-recurring operating income | 76A | - | €278 | +€278 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,812 | €41,992 | -€3,820 | -8.3% |
| Other operating charges | 640/8 | €8,371 | €22,257 | +€13,886 | +166% |
| Gross operating margin | 9900 | €93,068 | €124,953 | +€31,885 | +34.3% |
| Operating profit (loss) | 9901 | €38,885 | €60,704 | +€21,819 | +56.1% |
| Financial income | 75/76B | €35 | €45 | +€9 | +26.0% |
| Recurring financial income | 75 | €35 | €45 | +€9 | +26.0% |
| Financial charges | 65/66B | €30,924 | €45,888 | +€14,964 | +48.4% |
| Recurring financial charges | 65 | €30,924 | €45,888 | +€14,964 | +48.4% |
| Profit (loss) for the period before taxes | 9903 | €7,997 | €14,860 | +€6,864 | +85.8% |
| Income taxes | 67/77 | €1,004 | €128 | -€876 | -87.2% |
| Profit (loss) for the period | 9904 | €6,993 | €14,732 | +€7,740 | +111% |
| Profit (loss) for the period to be appropriated | 9905 | €6,993 | €14,732 | +€7,740 | +111% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.