TOVIMED: 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.
TOVIMED
Largest movements
- Cash +€61,544
up €61,544 (+116.0%), from €53,047 to €114,591
mainly Net result for the year (+€54,927) and Depreciation (+€9,998)
- Tangible fixed assets -€9,569
down €9,569 (-46.5%), from €20,586 to €11,017
of which Furniture and vehicles: -€9,167
- Receivables within one year +€7,660
up €7,660 (+82.0%), from €9,339 to €16,998
- Profit (loss) carried forward +€54,927
up €54,927 (+111.7%), from €49,161 to €104,088
- Tax, wage and social debts +€8,787
up €8,787 (+54.0%), from €16,263 to €25,050
of which Taxes: +€8,787
- Other debts -€3,394
down €3,394 (-19.5%), from €17,364 to €13,969
- Gross operating margin +€14,052
up €14,052 (+21.0%), from €66,948 to €81,000
- Taxes +€2,779
up €2,779 (+22.0%), from €12,636 to €15,415
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 | €85,027 | €145,572 | +€60,545 | +71.2% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €20,586 | €11,017 | -€9,569 | -46.5% |
| Tangible fixed assets | 22/27 | €20,586 | €11,017 | -€9,569 | -46.5% |
| Plant, machinery and equipment | 23 | €677 | €275 | -€402 | -59.3% |
| Furniture and vehicles | 24 | €19,909 | €10,742 | -€9,167 | -46.0% |
| Current assets | 29/58 | €64,441 | €134,555 | +€70,114 | +108.8% |
| Amounts receivable within one year | 40/41 | €9,339 | €16,998 | +€7,660 | +82.0% |
| Other amounts receivable | 41 | €9,339 | €16,998 | +€7,660 | +82.0% |
| Cash at bank and in hand | 54/58 | €53,047 | €114,591 | +€61,544 | +116.0% |
| Deferred charges and accrued income | 490/1 | €2,055 | €2,965 | +€910 | +44.3% |
| Total equity and liabilities | 10/49 | €85,027 | €145,572 | +€60,545 | +71.2% |
| Equity | 10/15 | €50,661 | €105,588 | +€54,927 | +108.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €49,161 | €104,088 | +€54,927 | +111.7% |
| Amounts payable | 17/49 | €34,366 | €39,985 | +€5,618 | +16.3% |
| Amounts payable within one year | 42/48 | €34,366 | €39,985 | +€5,618 | +16.3% |
| Trade debts | 44 | €740 | €965 | +€225 | +30.5% |
| Suppliers | 440/4 | €740 | €965 | +€225 | +30.5% |
| Taxes, remuneration and social security | 45 | €16,263 | €25,050 | +€8,787 | +54.0% |
| Taxes | 450/3 | €16,263 | €25,050 | +€8,787 | +54.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €17,364 | €13,969 | -€3,394 | -19.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,370 | €9,998 | +€628 | +6.7% |
| Other operating charges | 640/8 | €533 | €554 | +€21 | +3.9% |
| Gross operating margin | 9900 | €66,948 | €81,000 | +€14,052 | +21.0% |
| Operating profit (loss) | 9901 | €57,045 | €70,448 | +€13,403 | +23.5% |
| Financial charges | 65/66B | €88 | €107 | +€19 | +21.4% |
| Recurring financial charges | 65 | €88 | €107 | +€19 | +21.4% |
| Profit (loss) for the period before taxes | 9903 | €56,957 | €70,341 | +€13,384 | +23.5% |
| Income taxes | 67/77 | €12,636 | €15,415 | +€2,779 | +22.0% |
| Profit (loss) for the period | 9904 | €44,321 | €54,927 | +€10,606 | +23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,321 | €54,927 | +€10,606 | +23.9% |
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.