De Tollenaere: 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.
De Tollenaere
Largest movements
- Receivables within one year -€17,851
down €17,851 (-53.0%), from €33,693 to €15,841
of which Trade receivables: -€18,016
- Cash -€7,734
down €7,734 (-94.4%), from €8,192 to €458
mainly Net result for the year (-€18,100) and Other debts (-€13,618)
- Deferred charges and accrued income -€2,500
down €2,500 (-100%), from €2,500 to €0
- Tangible fixed assets -€692
down €692 (-55.3%), from €1,250 to €558
of which Furniture and vehicles: -€460
- Profit (loss) carried forward -€18,100
down €18,100 (-18.0%), from -€100,738 to -€118,839
- Other debts -€13,618
down €13,618 (-32.4%), from €41,989 to €28,370
- Trade debts +€6,357
up €6,357 (+31.4%), from €20,250 to €26,607
- Short-term financial debts -€1,825
down €1,825 (-18.3%), from €9,970 to €8,145
- Tax, wage and social debts -€1,590
down €1,590 (-10.2%), from €15,540 to €13,950
- Gross operating margin -€30,096
down €30,096, from €25,989 to -€4,107
- Other operating charges +€7,181
up €7,181 (+1,125%), from €638 to €7,819
- Financial charges +€534
up €534 (+10.8%), from €4,949 to €5,483
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 | €53,374 | €24,598 | -€28,777 | -53.9% |
| Fixed assets | 21/28 | €8,990 | €8,298 | -€692 | -7.7% |
| Tangible fixed assets | 22/27 | €1,250 | €558 | -€692 | -55.3% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €938 | €477 | -€460 | -49.1% |
| Other tangible fixed assets | 26 | €313 | €81 | -€232 | -74.1% |
| Financial fixed assets | 28 | €7,740 | €7,740 | = | 0.0% |
| Current assets | 29/58 | €44,384 | €16,299 | -€28,085 | -63.3% |
| Amounts receivable within one year | 40/41 | €33,693 | €15,841 | -€17,851 | -53.0% |
| Trade receivables | 40 | €33,678 | €15,661 | -€18,016 | -53.5% |
| Other amounts receivable | 41 | €15 | €180 | +€165 | +1,100% |
| Cash at bank and in hand | 54/58 | €8,192 | €458 | -€7,734 | -94.4% |
| Deferred charges and accrued income | 490/1 | €2,500 | €0 | -€2,500 | -100% |
| Total equity and liabilities | 10/49 | €53,374 | €24,598 | -€28,777 | -53.9% |
| Equity | 10/15 | -€82,138 | -€100,239 | -€18,100 | -22.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€100,738 | -€118,839 | -€18,100 | -18.0% |
| Amounts payable | 17/49 | €135,512 | €124,836 | -€10,676 | -7.9% |
| Amounts payable after more than one year | 17 | €47,764 | €47,764 | = | 0.0% |
| Other amounts payable | 178/9 | €47,764 | €47,764 | = | 0.0% |
| Amounts payable within one year | 42/48 | €87,749 | €77,073 | -€10,676 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €9,970 | €8,145 | -€1,825 | -18.3% |
| Credit institutions | 430/8 | €9,970 | €8,145 | -€1,825 | -18.3% |
| Trade debts | 44 | €20,250 | €26,607 | +€6,357 | +31.4% |
| Suppliers | 440/4 | €20,250 | €26,607 | +€6,357 | +31.4% |
| Taxes, remuneration and social security | 45 | €15,540 | €13,950 | -€1,590 | -10.2% |
| Taxes | 450/3 | €15,540 | €13,950 | -€1,590 | -10.2% |
| Other amounts payable | 47/48 | €41,989 | €28,370 | -€13,618 | -32.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €878 | €692 | -€186 | -21.2% |
| Other operating charges | 640/8 | €638 | €7,819 | +€7,181 | +1,125% |
| Non-recurring operating charges | 66A | €8,696 | €0 | -€8,696 | -100% |
| Gross operating margin | 9900 | €25,989 | -€4,107 | -€30,096 | |
| Operating profit (loss) | 9901 | €15,777 | -€12,618 | -€28,395 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €4,949 | €5,483 | +€534 | +10.8% |
| Recurring financial charges | 65 | €4,949 | €5,483 | +€534 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €10,828 | -€18,100 | -€28,929 | |
| Income taxes | 67/77 | €222 | €0 | -€222 | -100% |
| Profit (loss) for the period | 9904 | €10,606 | -€18,100 | -€28,707 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,606 | -€18,100 | -€28,707 |
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 1 November 2026 via checked.be.