TOZO: 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.
TOZO
Largest movements
- Receivables within one year +€10,360
up €10,360 (+94.1%), from €11,011 to €21,371
of which Other amounts receivable: +€9,151
- Cash -€8,649
down €8,649 (-37.0%), from €23,395 to €14,745
mainly Receivables within one year (-€10,360) and Tax, wage and social debts (-€5,244)
- Intangible fixed assets -€1,167
down €1,167 (-44.4%), from €2,626 to €1,459
- Tax, wage and social debts -€5,244
down €5,244 (-53.1%), from €9,884 to €4,640
of which Remuneration and social security: -€3,172
- Profit (loss) carried forward +€4,296
up €4,296 (+45.3%), from €9,481 to €13,777
- Trade debts +€2,168
up €2,168 (+49.3%), from €4,401 to €6,569
- Gross operating margin -€8,365
down €8,365 (-40.7%), from €20,553 to €12,188
- Staff costs -€4,506
down €4,506 (-78.7%), from €5,723 to €1,216
- Taxes -€1,332
down €1,332 (-45.1%), from €2,954 to €1,622
- Financial charges -€935
down €935 (-79.7%), from €1,173 to €238
- Depreciation +€684
up €684 (+25.2%), from €2,714 to €3,398
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €42,365 | €43,586 | +€1,221 | +2.9% |
| Fixed assets | 21/28 | €5,943 | €5,026 | -€917 | -15.4% |
| Intangible fixed assets | 21 | €2,626 | €1,459 | -€1,167 | -44.4% |
| Tangible fixed assets | 22/27 | €3,317 | €3,566 | +€250 | +7.5% |
| Furniture and vehicles | 24 | €3,317 | €3,566 | +€250 | +7.5% |
| Current assets | 29/58 | €36,422 | €38,560 | +€2,138 | +5.9% |
| Stocks and contracts in progress | 3 | €1,756 | €2,106 | +€350 | +19.9% |
| Stocks | 30/36 | €1,756 | €2,106 | +€350 | +19.9% |
| Amounts receivable within one year | 40/41 | €11,011 | €21,371 | +€10,360 | +94.1% |
| Trade receivables | 40 | - | €1,209 | +€1,209 | |
| Other amounts receivable | 41 | €11,011 | €20,162 | +€9,151 | +83.1% |
| Cash at bank and in hand | 54/58 | €23,395 | €14,745 | -€8,649 | -37.0% |
| Deferred charges and accrued income | 490/1 | €261 | €338 | +€77 | +29.5% |
| Total equity and liabilities | 10/49 | €42,365 | €43,586 | +€1,221 | +2.9% |
| Equity | 10/15 | €28,081 | €32,377 | +€4,296 | +15.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,481 | €13,777 | +€4,296 | +45.3% |
| Amounts payable | 17/49 | €14,284 | €11,209 | -€3,076 | -21.5% |
| Amounts payable within one year | 42/48 | €14,284 | €11,209 | -€3,076 | -21.5% |
| Trade debts | 44 | €4,401 | €6,569 | +€2,168 | +49.3% |
| Suppliers | 440/4 | €4,401 | €6,569 | +€2,168 | +49.3% |
| Taxes, remuneration and social security | 45 | €9,884 | €4,640 | -€5,244 | -53.1% |
| Taxes | 450/3 | €5,709 | €3,636 | -€2,072 | -36.3% |
| Remuneration and social security | 454/9 | €4,175 | €1,004 | -€3,172 | -76.0% |
| Non-recurring operating income | 76A | €580 | - | -€580 | |
| Remuneration, social security and pensions | 62 | €5,723 | €1,216 | -€4,506 | -78.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,714 | €3,398 | +€684 | +25.2% |
| Other operating charges | 640/8 | €778 | €1,417 | +€640 | +82.3% |
| Gross operating margin | 9900 | €20,553 | €12,188 | -€8,365 | -40.7% |
| Operating profit (loss) | 9901 | €11,338 | €6,156 | -€5,182 | -45.7% |
| Financial income | 75/76B | €0 | €1 | +€0 | +445% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +445% |
| Financial charges | 65/66B | €1,173 | €238 | -€935 | -79.7% |
| Recurring financial charges | 65 | €1,173 | €238 | -€935 | -79.7% |
| Profit (loss) for the period before taxes | 9903 | €10,165 | €5,918 | -€4,247 | -41.8% |
| Income taxes | 67/77 | €2,954 | €1,622 | -€1,332 | -45.1% |
| Profit (loss) for the period | 9904 | €7,211 | €4,296 | -€2,915 | -40.4% |
| Profit (loss) for the period to be appropriated | 9905 | €7,211 | €4,296 | -€2,915 | -40.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.