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
- Cash -€160,697
down €160,697 (-96.2%), from €167,128 to €6,431
mainly Receivables within one year (-€82,595) and Contributions, distributions and other (-€76,471)
- Receivables within one year +€82,595
up €82,595 (+85.7%), from €96,411 to €179,006
of which Trade receivables: +€50,068
- Current investments +€52,786
up €52,786, from €0 to €52,786
- Tangible fixed assets -€3,758
down €3,758 (-39.2%), from €9,579 to €5,822
- Trade debts +€86,200
up €86,200 (+2,991%), from €2,882 to €89,082
- Other debts -€69,639
down €69,639 (-51.5%), from €135,325 to €65,686
- Profit (loss) carried forward -€24,509
down €24,509 (-33.2%), from €73,886 to €49,377
- Tax, wage and social debts -€21,416
down €21,416 (-52.8%), from €40,565 to €19,149
- Financial income -€154,744
down €154,744 (-96.4%), from €160,522 to €5,778
- Gross operating margin +€113,082
up €113,082, from -€51,258 to €61,823
- Taxes +€9,088
up €9,088, from €0 to €9,088
- Financial charges -€4,287
down €4,287 (-72.9%), from €5,879 to €1,591
- Other operating charges +€752
up €752 (+167%), from €449 to €1,202
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.
Derived cash bridge
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 | €273,118 | €244,045 | -€29,074 | -10.6% |
| Fixed assets | 21/28 | €9,579 | €5,822 | -€3,758 | -39.2% |
| Tangible fixed assets | 22/27 | €9,579 | €5,822 | -€3,758 | -39.2% |
| Land and buildings | 22 | €9,579 | €5,822 | -€3,758 | -39.2% |
| Current assets | 29/58 | €263,539 | €238,223 | -€25,316 | -9.6% |
| Amounts receivable within one year | 40/41 | €96,411 | €179,006 | +€82,595 | +85.7% |
| Trade receivables | 40 | €92,230 | €142,298 | +€50,068 | +54.3% |
| Other amounts receivable | 41 | €4,181 | €36,708 | +€32,527 | +778% |
| Current investments | 50/53 | €0 | €52,786 | +€52,786 | |
| Cash at bank and in hand | 54/58 | €167,128 | €6,431 | -€160,697 | -96.2% |
| Total equity and liabilities | 10/49 | €273,118 | €244,045 | -€29,074 | -10.6% |
| Equity | 10/15 | €94,346 | €69,837 | -€24,509 | -26.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €73,886 | €49,377 | -€24,509 | -33.2% |
| Amounts payable | 17/49 | €178,773 | €174,208 | -€4,565 | -2.6% |
| Amounts payable within one year | 42/48 | €178,773 | €173,918 | -€4,855 | -2.7% |
| Trade debts | 44 | €2,882 | €89,082 | +€86,200 | +2,991% |
| Suppliers | 440/4 | €2,882 | €89,082 | +€86,200 | +2,991% |
| Taxes, remuneration and social security | 45 | €40,565 | €19,149 | -€21,416 | -52.8% |
| Taxes | 450/3 | €40,565 | €19,149 | -€21,416 | -52.8% |
| Other amounts payable | 47/48 | €135,325 | €65,686 | -€69,639 | -51.5% |
| Accrued charges and deferred income | 492/3 | - | €290 | +€290 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,758 | €3,758 | = | 0.0% |
| Other operating charges | 640/8 | €449 | €1,202 | +€752 | +167% |
| Gross operating margin | 9900 | -€51,258 | €61,823 | +€113,082 | |
| Operating profit (loss) | 9901 | -€55,465 | €56,864 | +€112,329 | |
| Financial income | 75/76B | €160,522 | €5,778 | -€154,744 | -96.4% |
| Recurring financial income | 75 | €160,522 | €5,778 | -€154,744 | -96.4% |
| Financial charges | 65/66B | €5,879 | €1,591 | -€4,287 | -72.9% |
| Recurring financial charges | 65 | €5,879 | €1,591 | -€4,287 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | €99,178 | €61,050 | -€38,127 | -38.4% |
| Income taxes | 67/77 | €0 | €9,088 | +€9,088 | |
| Profit (loss) for the period | 9904 | €99,178 | €51,962 | -€47,216 | -47.6% |
| Profit (loss) for the period to be appropriated | 9905 | €99,178 | €51,962 | -€47,216 | -47.6% |
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 26 October 2026 via checked.be.