Tovimat: 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.
Tovimat
Largest movements
- Receivables within one year +€31,429
up €31,429 (+154%), from €20,362 to €51,791
of which Trade receivables: +€29,368
- Tangible fixed assets -€25,486
down €25,486 (-32.5%), from €78,479 to €52,992
- Cash -€24,950
down €24,950 (-95.8%), from €26,041 to €1,091
mainly Receivables within one year (-€31,429) and Debts after one year (-€15,638)
- Debts after one year -€15,638
down €15,638 (-25.8%), from €60,500 to €44,862
- Reserves -€14,184
down €14,184 (-62.2%), from €22,808 to €8,625
- Trade debts +€10,672
up €10,672 (+69.8%), from €15,292 to €25,965
- Gross operating margin -€20,381
down €20,381 (-41.7%), from €48,930 to €28,549
- Depreciation +€14,000
up €14,000 (+113%), from €12,438 to €26,437
- Staff costs +€6,713
up €6,713 (+177%), from €3,802 to €10,516
- Taxes -€6,426
down €6,426 (-100%), from €6,426 to €0
- Financial charges +€3,510
up €3,510 (+195%), from €1,803 to €5,313
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 | €124,881 | €105,874 | -€19,008 | -15.2% |
| Fixed assets | 21/28 | €78,479 | €52,992 | -€25,486 | -32.5% |
| Tangible fixed assets | 22/27 | €78,479 | €52,992 | -€25,486 | -32.5% |
| Furniture and vehicles | 24 | €78,479 | €52,992 | -€25,486 | -32.5% |
| Current assets | 29/58 | €46,403 | €52,881 | +€6,479 | +14.0% |
| Amounts receivable within one year | 40/41 | €20,362 | €51,791 | +€31,429 | +154% |
| Trade receivables | 40 | €14,550 | €43,918 | +€29,368 | +202% |
| Other amounts receivable | 41 | €5,812 | €7,872 | +€2,060 | +35.5% |
| Cash at bank and in hand | 54/58 | €26,041 | €1,091 | -€24,950 | -95.8% |
| Total equity and liabilities | 10/49 | €124,881 | €105,874 | -€19,008 | -15.2% |
| Equity | 10/15 | €25,308 | €11,125 | -€14,184 | -56.0% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €22,808 | €8,625 | -€14,184 | -62.2% |
| Distributable reserves | 133 | €22,808 | €8,625 | -€14,184 | -62.2% |
| Amounts payable | 17/49 | €99,573 | €94,749 | -€4,824 | -4.8% |
| Amounts payable after more than one year | 17 | €60,500 | €44,862 | -€15,638 | -25.8% |
| Financial debts | 170/4 | €60,500 | €44,862 | -€15,638 | -25.8% |
| Amounts payable within one year | 42/48 | €37,575 | €48,358 | +€10,784 | +28.7% |
| Current portion of amounts payable after more than one year | 42 | €14,965 | €15,638 | +€673 | +4.5% |
| Trade debts | 44 | €15,292 | €25,965 | +€10,672 | +69.8% |
| Suppliers | 440/4 | €15,292 | €25,965 | +€10,672 | +69.8% |
| Taxes, remuneration and social security | 45 | €7,317 | €6,756 | -€561 | -7.7% |
| Taxes | 450/3 | €6,426 | €6,426 | = | 0.0% |
| Remuneration and social security | 454/9 | €891 | €330 | -€561 | -63.0% |
| Accrued charges and deferred income | 492/3 | €1,499 | €1,529 | +€30 | +2.0% |
| Remuneration, social security and pensions | 62 | €3,802 | €10,516 | +€6,713 | +177% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,438 | €26,437 | +€14,000 | +113% |
| Other operating charges | 640/8 | €1,666 | €956 | -€710 | -42.6% |
| Gross operating margin | 9900 | €48,930 | €28,549 | -€20,381 | -41.7% |
| Operating profit (loss) | 9901 | €31,024 | -€9,360 | -€40,384 | |
| Financial income | 75/76B | €14 | €489 | +€475 | +3,440% |
| Recurring financial income | 75 | €14 | €489 | +€475 | +3,440% |
| Financial charges | 65/66B | €1,803 | €5,313 | +€3,510 | +195% |
| Recurring financial charges | 65 | €1,803 | €5,313 | +€3,510 | +195% |
| Profit (loss) for the period before taxes | 9903 | €29,234 | -€14,184 | -€43,418 | |
| Income taxes | 67/77 | €6,426 | €0 | -€6,426 | -100% |
| Profit (loss) for the period | 9904 | €22,808 | -€14,184 | -€36,992 | |
| Profit (loss) for the period to be appropriated | 9905 | €22,808 | -€14,184 | -€36,992 |
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 14 October 2026 via checked.be.