Tovio: 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.
Tovio
Largest movements
- Receivables within one year +€253,163
up €253,163 (+12,861%), from €1,968 to €255,131
of which Trade receivables: +€253,218
- Cash -€17,437
down €17,437 (-8.4%), from €207,066 to €189,629
mainly Receivables within one year (-€253,163) and Contributions, distributions and other (-€149,706)
- Tangible fixed assets -€7,966
down €7,966 (-22.3%), from €35,687 to €27,721
of which Other tangible fixed assets: -€13,605
- Reserves +€198,251
up €198,251 (+99.0%), from €200,184 to €398,435
- Tax, wage and social debts +€34,791
up €34,791 (+86.2%), from €40,353 to €75,144
- Other debts -€5,000
down €5,000 (-100%), from €5,000 to €0
- Gross operating margin +€312,173
up €312,173 (+196%), from €158,935 to €471,107
- Taxes +€77,762
up €77,762 (+213%), from €36,586 to €114,348
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 | €247,409 | €475,481 | +€228,072 | +92.2% |
| Fixed assets | 21/28 | €35,687 | €27,721 | -€7,966 | -22.3% |
| Tangible fixed assets | 22/27 | €35,687 | €27,721 | -€7,966 | -22.3% |
| Land and buildings | 22 | - | €11,572 | +€11,572 | |
| Furniture and vehicles | 24 | €22,081 | €16,149 | -€5,932 | -26.9% |
| Other tangible fixed assets | 26 | €13,605 | - | -€13,605 | |
| Current assets | 29/58 | €211,722 | €447,760 | +€236,038 | +111% |
| Amounts receivable within one year | 40/41 | €1,968 | €255,131 | +€253,163 | +12,861% |
| Trade receivables | 40 | €80 | €253,298 | +€253,218 | +316,563% |
| Other amounts receivable | 41 | €1,888 | €1,833 | -€56 | -2.9% |
| Current investments | 50/53 | - | €3,000 | +€3,000 | |
| Cash at bank and in hand | 54/58 | €207,066 | €189,629 | -€17,437 | -8.4% |
| Deferred charges and accrued income | 490/1 | €2,688 | €0 | -€2,688 | -100% |
| Total equity and liabilities | 10/49 | €247,409 | €475,481 | +€228,072 | +92.2% |
| Equity | 10/15 | €201,184 | €399,435 | +€198,251 | +98.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €200,184 | €398,435 | +€198,251 | +99.0% |
| Distributable reserves | 133 | €200,184 | €398,435 | +€198,251 | +99.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €46,225 | €76,046 | +€29,821 | +64.5% |
| Amounts payable within one year | 42/48 | €46,225 | €76,046 | +€29,821 | +64.5% |
| Trade debts | 44 | €872 | €902 | +€30 | +3.4% |
| Suppliers | 440/4 | €872 | €902 | +€30 | +3.4% |
| Taxes, remuneration and social security | 45 | €40,353 | €75,144 | +€34,791 | +86.2% |
| Taxes | 450/3 | €40,353 | €75,144 | +€34,791 | +86.2% |
| Other amounts payable | 47/48 | €5,000 | €0 | -€5,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,966 | €7,966 | = | 0.0% |
| Other operating charges | 640/8 | €891 | €800 | -€91 | -10.2% |
| Gross operating margin | 9900 | €158,935 | €471,107 | +€312,173 | +196% |
| Operating profit (loss) | 9901 | €150,078 | €462,341 | +€312,263 | +208% |
| Financial income | 75/76B | €63 | €101 | +€38 | +60.5% |
| Recurring financial income | 75 | €63 | €101 | +€38 | +60.5% |
| Financial charges | 65/66B | €53 | €137 | +€85 | +161% |
| Recurring financial charges | 65 | €53 | €137 | +€85 | +161% |
| Profit (loss) for the period before taxes | 9903 | €150,088 | €462,305 | +€312,217 | +208% |
| Income taxes | 67/77 | €36,586 | €114,348 | +€77,762 | +213% |
| Profit (loss) for the period | 9904 | €113,502 | €347,957 | +€234,455 | +207% |
| Profit (loss) for the period to be appropriated | 9905 | €113,502 | €347,957 | +€234,455 | +207% |
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 15 October 2026 via checked.be.