TOZERY: 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.
TOZERY
Largest movements
- Cash -€16,079
down €16,079 (-15.7%), from €102,423 to €86,344
mainly Other debts (-€25,446) and Tax, wage and social debts (-€19,530)
- Receivables within one year -€11,397
down €11,397 (-35.3%), from €32,245 to €20,848
of which Trade receivables: -€14,719
- Tangible fixed assets -€4,198
down €4,198 (-34.2%), from €12,279 to €8,081
of which Furniture and vehicles: -€3,231
- Deferred charges and accrued income +€2,546
new in 2025: €2,546
- Other debts -€25,446
no longer reported in 2025 (was €25,446)
- Tax, wage and social debts -€19,530
down €19,530 (-63.9%), from €30,557 to €11,027
- Profit (loss) carried forward +€16,666
up €16,666 (+19.1%), from €87,398 to €104,065
- Gross operating margin -€67,143
down €67,143 (-57.4%), from €117,015 to €49,872
- Financial charges +€20,416
up €20,416 (+3,701%), from €552 to €20,967
- Taxes -€18,467
down €18,467 (-71.4%), from €25,869 to €7,402
- Depreciation +€3,320
up €3,320 (+174%), from €1,904 to €5,224
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 | €147,598 | €118,469 | -€29,129 | -19.7% |
| Fixed assets | 21/28 | €12,929 | €8,731 | -€4,198 | -32.5% |
| Tangible fixed assets | 22/27 | €12,279 | €8,081 | -€4,198 | -34.2% |
| Plant, machinery and equipment | 23 | €2,858 | €1,891 | -€967 | -33.8% |
| Furniture and vehicles | 24 | €9,422 | €6,190 | -€3,231 | -34.3% |
| Financial fixed assets | 28 | €650 | €650 | = | 0.0% |
| Current assets | 29/58 | €134,668 | €109,737 | -€24,931 | -18.5% |
| Amounts receivable within one year | 40/41 | €32,245 | €20,848 | -€11,397 | -35.3% |
| Trade receivables | 40 | €32,245 | €17,526 | -€14,719 | -45.6% |
| Other amounts receivable | 41 | - | €3,322 | +€3,322 | |
| Cash at bank and in hand | 54/58 | €102,423 | €86,344 | -€16,079 | -15.7% |
| Deferred charges and accrued income | 490/1 | - | €2,546 | +€2,546 | |
| Total equity and liabilities | 10/49 | €147,598 | €118,469 | -€29,129 | -19.7% |
| Equity | 10/15 | €89,398 | €106,065 | +€16,666 | +18.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Contributions outside capital | 11 | €2,000 | - | -€2,000 | |
| Other | 1109/19 | €2,000 | - | -€2,000 | |
| Profit (loss) carried forward | 14 | €87,398 | €104,065 | +€16,666 | +19.1% |
| Amounts payable | 17/49 | €58,199 | €12,404 | -€45,795 | -78.7% |
| Amounts payable within one year | 42/48 | €58,199 | €12,404 | -€45,795 | -78.7% |
| Trade debts | 44 | €2,196 | €1,377 | -€820 | -37.3% |
| Suppliers | 440/4 | €2,196 | €1,377 | -€820 | -37.3% |
| Taxes, remuneration and social security | 45 | €30,557 | €11,027 | -€19,530 | -63.9% |
| Taxes | 450/3 | €30,557 | €11,027 | -€19,530 | -63.9% |
| Other amounts payable | 47/48 | €25,446 | - | -€25,446 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,904 | €5,224 | +€3,320 | +174% |
| Other operating charges | 640/8 | €474 | €301 | -€173 | -36.5% |
| Gross operating margin | 9900 | €117,015 | €49,872 | -€67,143 | -57.4% |
| Operating profit (loss) | 9901 | €114,637 | €44,347 | -€70,290 | -61.3% |
| Financial income | 75/76B | €15 | €592 | +€578 | +3,933% |
| Recurring financial income | 75 | €15 | €592 | +€578 | +3,933% |
| Financial charges | 65/66B | €552 | €20,967 | +€20,416 | +3,701% |
| Recurring financial charges | 65 | €552 | €20,967 | +€20,416 | +3,701% |
| Profit (loss) for the period before taxes | 9903 | €114,100 | €23,973 | -€90,128 | -79.0% |
| Income taxes | 67/77 | €25,869 | €7,402 | -€18,467 | -71.4% |
| Profit (loss) for the period | 9904 | €88,231 | €16,571 | -€71,661 | -81.2% |
| Profit (loss) for the period to be appropriated | 9905 | €88,231 | €16,571 | -€71,661 | -81.2% |
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 21 October 2026 via checked.be.