Ets TOLBECQ: 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.
Ets TOLBECQ
Largest movements
- Cash -€46,348
down €46,348 (-42.9%), from €108,052 to €61,704
mainly Trade debts (-€31,011) and Investment in fixed assets (net) (-€28,294)
- Tangible fixed assets +€14,220
up €14,220 (+33.2%), from €42,877 to €57,097
of which Plant, machinery and equipment: +€24,424
- Receivables within one year +€5,840
up €5,840 (+127%), from €4,594 to €10,434
of which Trade receivables: +€7,517
- Stocks and contracts +€4,086
up €4,086 (+80.1%), from €5,104 to €9,190
- Trade debts -€31,011
down €31,011 (-82.6%), from €37,537 to €6,526
- Other debts +€12,082
up €12,082 (+151%), from €8,016 to €20,098
- Debts after one year -€12,071
down €12,071 (-23.1%), from €52,309 to €40,238
- Tax, wage and social debts +€2,845
up €2,845 (+71.3%), from €3,991 to €6,836
of which Remuneration and social security: +€3,797
- Reserves +€2,771
up €2,771 (+6.2%), from €44,861 to €47,632
- Gross operating margin +€6,561
up €6,561 (+10.0%), from €65,932 to €72,493
- Depreciation +€4,459
up €4,459 (+43.1%), from €10,348 to €14,807
- Staff costs +€2,425
up €2,425 (+5.3%), from €45,506 to €47,930
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 | €168,176 | €145,262 | -€22,914 | -13.6% |
| Fixed assets | 21/28 | €46,290 | €59,778 | +€13,487 | +29.1% |
| Tangible fixed assets | 22/27 | €42,877 | €57,097 | +€14,220 | +33.2% |
| Land and buildings | 22 | €40,336 | €30,561 | -€9,775 | -24.2% |
| Plant, machinery and equipment | 23 | €1,685 | €26,109 | +€24,424 | +1,449% |
| Furniture and vehicles | 24 | €856 | €428 | -€428 | -50.0% |
| Financial fixed assets | 28 | €3,413 | €2,680 | -€733 | -21.5% |
| Current assets | 29/58 | €121,886 | €85,484 | -€36,402 | -29.9% |
| Stocks and contracts in progress | 3 | €5,104 | €9,190 | +€4,086 | +80.1% |
| Stocks | 30/36 | €5,104 | €9,190 | +€4,086 | +80.1% |
| Amounts receivable within one year | 40/41 | €4,594 | €10,434 | +€5,840 | +127% |
| Trade receivables | 40 | - | €7,517 | +€7,517 | |
| Other amounts receivable | 41 | €4,594 | €2,917 | -€1,677 | -36.5% |
| Cash at bank and in hand | 54/58 | €108,052 | €61,704 | -€46,348 | -42.9% |
| Deferred charges and accrued income | 490/1 | €4,136 | €4,156 | +€20 | +0.5% |
| Total equity and liabilities | 10/49 | €168,176 | €145,262 | -€22,914 | -13.6% |
| Equity | 10/15 | €54,861 | €59,493 | +€4,632 | +8.4% |
| Contributions | 10/11 | €10,000 | €11,860 | +€1,860 | +18.6% |
| Reserves | 13 | €44,861 | €47,632 | +€2,771 | +6.2% |
| Distributable reserves | 133 | €44,861 | €47,632 | +€2,771 | +6.2% |
| Profit (loss) carried forward | 14 | - | €1 | +€1 | |
| Amounts payable | 17/49 | €113,314 | €85,768 | -€27,546 | -24.3% |
| Amounts payable after more than one year | 17 | €52,309 | €40,238 | -€12,071 | -23.1% |
| Financial debts | 170/4 | €52,309 | €40,238 | -€12,071 | -23.1% |
| Amounts payable within one year | 42/48 | €61,005 | €45,530 | -€15,475 | -25.4% |
| Current portion of amounts payable after more than one year | 42 | €11,461 | €12,071 | +€610 | +5.3% |
| Trade debts | 44 | €37,537 | €6,526 | -€31,011 | -82.6% |
| Suppliers | 440/4 | €37,537 | €6,526 | -€31,011 | -82.6% |
| Taxes, remuneration and social security | 45 | €3,991 | €6,836 | +€2,845 | +71.3% |
| Taxes | 450/3 | €953 | - | -€953 | |
| Remuneration and social security | 454/9 | €3,038 | €6,836 | +€3,797 | +125% |
| Other amounts payable | 47/48 | €8,016 | €20,098 | +€12,082 | +151% |
| Remuneration, social security and pensions | 62 | €45,506 | €47,930 | +€2,425 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,348 | €14,807 | +€4,459 | +43.1% |
| Other operating charges | 640/8 | €877 | €884 | +€8 | +0.9% |
| Gross operating margin | 9900 | €65,932 | €72,493 | +€6,561 | +10.0% |
| Operating profit (loss) | 9901 | €9,202 | €8,871 | -€330 | -3.6% |
| Financial income | 75/76B | €30 | €98 | +€68 | +230% |
| Recurring financial income | 75 | €30 | €98 | +€68 | +230% |
| Financial charges | 65/66B | €3,812 | €3,318 | -€495 | -13.0% |
| Recurring financial charges | 65 | €3,812 | €3,222 | -€590 | -15.5% |
| Non-recurring financial charges | 66B | - | €96 | +€96 | |
| Profit (loss) for the period before taxes | 9903 | €5,419 | €5,652 | +€233 | +4.3% |
| Income taxes | 67/77 | €493 | €1,021 | +€528 | +107% |
| Profit (loss) for the period | 9904 | €4,926 | €4,631 | -€295 | -6.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,926 | €4,631 | -€295 | -6.0% |
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 19 October 2026 via checked.be.