Yves Toninato: what changed
Yves Toninato
Largest movements
- Cash +€48,633
up €48,633 (+31.7%), from €153,567 to €202,201
mainly Net result for the year (+€45,472) and Receivables within one year (+€38,876)
- Receivables within one year -€38,876
down €38,876 (-68.6%), from €56,650 to €17,775
of which Trade receivables: -€21,345
- Other debts -€46,000
no longer reported in 2025 (was €46,000)
- Profit (loss) carried forward +€45,472
up €45,472 (+6,636%), from €685 to €46,157
- Trade debts +€7,391
new in 2025: €7,391
- Accrued charges and deferred income +€3,000
up €3,000 (+150%), from €2,000 to €5,000
- Taxes -€5,046
down €5,046 (-25.9%), from €19,489 to €14,444
- Gross operating margin -€1,907
down €1,907 (-2.7%), from €70,784 to €68,877
- Depreciation +€1,275
up €1,275 (+32.9%), from €3,873 to €5,148
- Financial charges +€998
up €998 (+159%), from €629 to €1,626
- Financial income +€711
up €711 (+93.1%), from €763 to €1,474
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €229,310 | €238,568 | +€9,258 | +4.0% |
| Fixed assets | 21/28 | €15,565 | €14,631 | -€934 | -6.0% |
| Tangible fixed assets | 22/27 | €15,565 | €14,631 | -€934 | -6.0% |
| Plant, machinery and equipment | 23 | €1,706 | €1,332 | -€374 | -21.9% |
| Furniture and vehicles | 24 | €13,859 | €13,299 | -€560 | -4.0% |
| Current assets | 29/58 | €213,745 | €223,937 | +€10,192 | +4.8% |
| Amounts receivable within one year | 40/41 | €56,650 | €17,775 | -€38,876 | -68.6% |
| Trade receivables | 40 | €21,345 | - | -€21,345 | |
| Other amounts receivable | 41 | €35,305 | €17,775 | -€17,530 | -49.7% |
| Cash at bank and in hand | 54/58 | €153,567 | €202,201 | +€48,633 | +31.7% |
| Deferred charges and accrued income | 490/1 | €3,527 | €3,962 | +€434 | +12.3% |
| Total equity and liabilities | 10/49 | €229,310 | €238,568 | +€9,258 | +4.0% |
| Equity | 10/15 | €169,248 | €214,720 | +€45,472 | +26.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €150,013 | €150,013 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €148,158 | €148,158 | = | 0.0% |
| Profit (loss) carried forward | 14 | €685 | €46,157 | +€45,472 | +6,636% |
| Amounts payable | 17/49 | €60,062 | €23,848 | -€36,214 | -60.3% |
| Amounts payable within one year | 42/48 | €58,062 | €18,848 | -€39,214 | -67.5% |
| Trade debts | 44 | - | €7,391 | +€7,391 | |
| Suppliers | 440/4 | - | €7,391 | +€7,391 | |
| Taxes, remuneration and social security | 45 | €12,062 | €11,457 | -€605 | -5.0% |
| Taxes | 450/3 | €12,062 | €11,457 | -€605 | -5.0% |
| Other amounts payable | 47/48 | €46,000 | - | -€46,000 | |
| Accrued charges and deferred income | 492/3 | €2,000 | €5,000 | +€3,000 | +150% |
| Non-recurring operating income | 76A | €7,500 | - | -€7,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,873 | €5,148 | +€1,275 | +32.9% |
| Other operating charges | 640/8 | €3,365 | €3,660 | +€295 | +8.8% |
| Gross operating margin | 9900 | €70,784 | €68,877 | -€1,907 | -2.7% |
| Operating profit (loss) | 9901 | €63,545 | €60,068 | -€3,477 | -5.5% |
| Financial income | 75/76B | €763 | €1,474 | +€711 | +93.1% |
| Recurring financial income | 75 | €763 | €1,474 | +€711 | +93.1% |
| Financial charges | 65/66B | €629 | €1,626 | +€998 | +159% |
| Recurring financial charges | 65 | €629 | €1,626 | +€998 | +159% |
| Profit (loss) for the period before taxes | 9903 | €63,680 | €59,916 | -€3,764 | -5.9% |
| Income taxes | 67/77 | €19,489 | €14,444 | -€5,046 | -25.9% |
| Profit (loss) for the period | 9904 | €44,191 | €45,472 | +€1,281 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,191 | €45,472 | +€1,281 | +2.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.