Del Toro: what changed
Two fiscal 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.
Del Toro
Largest movements
- Current investments +€30,000
up €30,000 (+60.0%), from €50,000 to €80,000
- Cash +€7,649
up €7,649 (+20.7%), from €36,967 to €44,616
mainly Net result for the year (+€43,772) and Other debts (+€917)
- Tangible fixed assets +€4,383
new in 2025: €4,383
- Reserves +€43,772
up €43,772 (+51.6%), from €84,803 to €128,575
- Gross operating margin -€11,018
down €11,018 (-16.2%), from €67,858 to €56,841
- Taxes -€2,345
down €2,345 (-14.6%), from €16,082 to €13,738
- Depreciation +€805
new in 2025: €805
- Financial income +€775
up €775 (+57.1%), from €1,356 to €2,131
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.
Cash bridge derived
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 | €124,806 | €167,705 | +€42,899 | +34.4% |
| Fixed assets | 21/28 | €2,778 | €7,161 | +€4,383 | +157.8% |
| Tangible fixed assets | 22/27 | - | €4,383 | +€4,383 | |
| Furniture and vehicles | 24 | - | €4,383 | +€4,383 | |
| Financial fixed assets | 28 | €2,778 | €2,778 | = | 0.0% |
| Current assets | 29/58 | €122,028 | €160,543 | +€38,516 | +31.6% |
| Amounts receivable within one year | 40/41 | €34,210 | €35,204 | +€995 | +2.9% |
| Trade receivables | 40 | €10,225 | €10,652 | +€427 | +4.2% |
| Other amounts receivable | 41 | €23,985 | €24,552 | +€568 | +2.4% |
| Current investments | 50/53 | €50,000 | €80,000 | +€30,000 | +60.0% |
| Cash at bank and in hand | 54/58 | €36,967 | €44,616 | +€7,649 | +20.7% |
| Deferred charges and accrued income | 490/1 | €851 | €723 | -€128 | -15.1% |
| Total equity and liabilities | 10/49 | €124,806 | €167,705 | +€42,899 | +34.4% |
| Equity | 10/15 | €88,803 | €132,575 | +€43,772 | +49.3% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €84,803 | €128,575 | +€43,772 | +51.6% |
| Distributable reserves | 133 | €84,803 | €128,575 | +€43,772 | +51.6% |
| Amounts payable | 17/49 | €36,003 | €35,130 | -€874 | -2.4% |
| Amounts payable within one year | 42/48 | €36,003 | €35,130 | -€874 | -2.4% |
| Trade debts | 44 | €1,532 | €1,300 | -€232 | -15.1% |
| Suppliers | 440/4 | €1,532 | €1,300 | -€232 | -15.1% |
| Taxes, remuneration and social security | 45 | €34,472 | €32,913 | -€1,559 | -4.5% |
| Taxes | 450/3 | €34,472 | €32,665 | -€1,806 | -5.2% |
| Remuneration and social security | 454/9 | €0 | €247 | +€247 | |
| Other amounts payable | 47/48 | - | €917 | +€917 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €805 | +€805 | |
| Other operating charges | 640/8 | €308 | €358 | +€50 | +16.3% |
| Gross operating margin | 9900 | €67,858 | €56,841 | -€11,018 | -16.2% |
| Operating profit (loss) | 9901 | €67,550 | €55,678 | -€11,873 | -17.6% |
| Financial income | 75/76B | €1,356 | €2,131 | +€775 | +57.1% |
| Recurring financial income | 75 | €1,356 | €2,131 | +€775 | +57.1% |
| Financial charges | 65/66B | €196 | €299 | +€103 | +52.6% |
| Recurring financial charges | 65 | €196 | €299 | +€103 | +52.6% |
| Profit (loss) for the period before taxes | 9903 | €68,711 | €57,510 | -€11,201 | -16.3% |
| Income taxes | 67/77 | €16,082 | €13,738 | -€2,345 | -14.6% |
| Profit (loss) for the period | 9904 | €52,628 | €43,772 | -€8,856 | -16.8% |
| Profit (loss) for the period to be appropriated | 9905 | €52,628 | €43,772 | -€8,856 | -16.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.