TOZ: 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.
TOZ
Largest movements
- Tangible fixed assets -€17,579
down €17,579 (-65.6%), from €26,806 to €9,227
- Cash -€17,536
down €17,536 (-23.5%), from €74,559 to €57,023
mainly Net result for the year (-€21,848) and Tax, wage and social debts (-€5,598)
- Profit (loss) carried forward -€21,848
down €21,848 (-54.3%), from €40,199 to €18,351
- Tax, wage and social debts -€5,598
down €5,598 (-40.6%), from €13,790 to €8,192
of which Taxes: -€6,450
- Current portion of long-term debt -€3,899
down €3,899 (-56.9%), from €6,858 to €2,959
- Debts after one year -€2,960
no longer reported in 2025 (was €2,960)
- Gross operating margin -€28,846
down €28,846 (-73.9%), from €39,033 to €10,187
- Taxes -€3,854
down €3,854 (-86.5%), from €4,454 to €600
- Staff costs -€2,051
down €2,051 (-14.2%), from €14,412 to €12,361
- Financial charges -€515
down €515 (-46.8%), from €1,100 to €585
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 | €141,410 | €108,341 | -€33,069 | -23.4% |
| Fixed assets | 21/28 | €26,806 | €9,227 | -€17,579 | -65.6% |
| Tangible fixed assets | 22/27 | €26,806 | €9,227 | -€17,579 | -65.6% |
| Furniture and vehicles | 24 | €26,806 | €9,227 | -€17,579 | -65.6% |
| Current assets | 29/58 | €114,604 | €99,114 | -€15,490 | -13.5% |
| Amounts receivable after more than one year | 29 | €36,500 | €36,500 | = | 0.0% |
| Other amounts receivable | 291 | €36,500 | €36,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €2,712 | €3,291 | +€579 | +21.3% |
| Stocks | 30/36 | €2,712 | €3,291 | +€579 | +21.3% |
| Amounts receivable within one year | 40/41 | - | €1,164 | +€1,164 | |
| Other amounts receivable | 41 | - | €1,164 | +€1,164 | |
| Cash at bank and in hand | 54/58 | €74,559 | €57,023 | -€17,536 | -23.5% |
| Deferred charges and accrued income | 490/1 | €833 | €1,136 | +€303 | +36.4% |
| Total equity and liabilities | 10/49 | €141,410 | €108,341 | -€33,069 | -23.4% |
| Equity | 10/15 | €112,649 | €90,801 | -€21,848 | -19.4% |
| Contributions | 10/11 | €19,500 | €19,500 | = | 0.0% |
| Reserves | 13 | €52,950 | €52,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,950 | €1,950 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,950 | €1,950 | = | 0.0% |
| Distributable reserves | 133 | €51,000 | €51,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,199 | €18,351 | -€21,848 | -54.3% |
| Amounts payable | 17/49 | €28,761 | €17,540 | -€11,221 | -39.0% |
| Amounts payable after more than one year | 17 | €2,960 | - | -€2,960 | |
| Financial debts | 170/4 | €2,960 | - | -€2,960 | |
| Amounts payable within one year | 42/48 | €25,801 | €17,540 | -€8,261 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €6,858 | €2,959 | -€3,899 | -56.9% |
| Trade debts | 44 | €5,038 | €6,389 | +€1,351 | +26.8% |
| Suppliers | 440/4 | €5,038 | €6,389 | +€1,351 | +26.8% |
| Taxes, remuneration and social security | 45 | €13,790 | €8,192 | -€5,598 | -40.6% |
| Taxes | 450/3 | €13,329 | €6,879 | -€6,450 | -48.4% |
| Remuneration and social security | 454/9 | €461 | €1,313 | +€852 | +185% |
| Other amounts payable | 47/48 | €115 | - | -€115 | |
| Remuneration, social security and pensions | 62 | €14,412 | €12,361 | -€2,051 | -14.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,273 | €17,579 | +€306 | +1.8% |
| Other operating charges | 640/8 | €986 | €922 | -€64 | -6.5% |
| Gross operating margin | 9900 | €39,033 | €10,187 | -€28,846 | -73.9% |
| Operating profit (loss) | 9901 | €6,362 | -€20,675 | -€27,037 | |
| Financial income | 75/76B | €62 | €12 | -€50 | -80.6% |
| Recurring financial income | 75 | €62 | €12 | -€50 | -80.6% |
| Financial charges | 65/66B | €1,100 | €585 | -€515 | -46.8% |
| Recurring financial charges | 65 | €1,100 | €585 | -€515 | -46.8% |
| Profit (loss) for the period before taxes | 9903 | €5,324 | -€21,248 | -€26,572 | |
| Income taxes | 67/77 | €4,454 | €600 | -€3,854 | -86.5% |
| Profit (loss) for the period | 9904 | €870 | -€21,848 | -€22,718 | |
| Profit (loss) for the period to be appropriated | 9905 | €870 | -€21,848 | -€22,718 |
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 16 October 2026 via checked.be.