STEVEN TOLLET: 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.
STEVEN TOLLET
Largest movements
- Receivables within one year +€32,858
up €32,858 (+68.0%), from €48,299 to €81,158
of which Trade receivables: +€38,559
- Cash -€22,530
down €22,530 (-38.2%), from €58,995 to €36,464
mainly Net result for the year (-€44,041) and Receivables within one year (-€32,858)
- Tangible fixed assets -€14,385
down €14,385 (-11.8%), from €121,810 to €107,426
of which Plant, machinery and equipment: -€14,567
- Deferred charges and accrued income +€5,312
new in 2025: €5,312
- Other debts +€44,130
up €44,130 (+26.3%), from €167,659 to €211,789
- Profit (loss) carried forward -€44,041
down €44,041 (-170%), from -€25,861 to -€69,902
- Trade debts +€9,832
up €9,832 (+168%), from €5,868 to €15,701
- Debts after one year -€8,127
down €8,127 (-31.1%), from €26,134 to €18,007
- Gross operating margin -€11,367
down €11,367, from €7,662 to -€3,706
- Depreciation +€9,302
up €9,302 (+33.2%), from €28,010 to €37,311
- Financial charges -€1,537
down €1,537 (-46.1%), from €3,334 to €1,797
- Other operating charges -€912
down €912 (-42.0%), from €2,172 to €1,260
- Taxes -€128
no longer reported in 2025 (was €128)
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 | €229,104 | €230,359 | +€1,255 | +0.5% |
| Fixed assets | 21/28 | €121,810 | €107,426 | -€14,385 | -11.8% |
| Tangible fixed assets | 22/27 | €121,810 | €107,426 | -€14,385 | -11.8% |
| Plant, machinery and equipment | 23 | €93,004 | €78,437 | -€14,567 | -15.7% |
| Furniture and vehicles | 24 | €27,185 | €28,251 | +€1,067 | +3.9% |
| Leasing and similar rights | 25 | €1,622 | €737 | -€885 | -54.6% |
| Current assets | 29/58 | €107,294 | €122,934 | +€15,640 | +14.6% |
| Amounts receivable within one year | 40/41 | €48,299 | €81,158 | +€32,858 | +68.0% |
| Trade receivables | 40 | €32,420 | €70,979 | +€38,559 | +119% |
| Other amounts receivable | 41 | €15,880 | €10,179 | -€5,701 | -35.9% |
| Cash at bank and in hand | 54/58 | €58,995 | €36,464 | -€22,530 | -38.2% |
| Deferred charges and accrued income | 490/1 | - | €5,312 | +€5,312 | |
| Total equity and liabilities | 10/49 | €229,104 | €230,359 | +€1,255 | +0.5% |
| Equity | 10/15 | €20,424 | -€23,617 | -€44,041 | |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €27,285 | €27,285 | = | 0.0% |
| Distributable reserves | 133 | €27,285 | €27,285 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,861 | -€69,902 | -€44,041 | -170% |
| Amounts payable | 17/49 | €208,680 | €253,976 | +€45,296 | +21.7% |
| Amounts payable after more than one year | 17 | €26,134 | €18,007 | -€8,127 | -31.1% |
| Financial debts | 170/4 | €26,134 | €18,007 | -€8,127 | -31.1% |
| Amounts payable within one year | 42/48 | €182,546 | €235,969 | +€53,423 | +29.3% |
| Current portion of amounts payable after more than one year | 42 | €9,019 | €8,479 | -€539 | -6.0% |
| Trade debts | 44 | €5,868 | €15,701 | +€9,832 | +168% |
| Suppliers | 440/4 | €5,868 | €15,701 | +€9,832 | +168% |
| Other amounts payable | 47/48 | €167,659 | €211,789 | +€44,130 | +26.3% |
| Non-recurring operating income | 76A | €221 | - | -€221 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,010 | €37,311 | +€9,302 | +33.2% |
| Other operating charges | 640/8 | €2,172 | €1,260 | -€912 | -42.0% |
| Gross operating margin | 9900 | €7,662 | -€3,706 | -€11,367 | |
| Operating profit (loss) | 9901 | -€22,520 | -€42,277 | -€19,757 | -87.7% |
| Financial income | 75/76B | €121 | €33 | -€88 | -72.6% |
| Recurring financial income | 75 | €121 | €33 | -€88 | -72.6% |
| Financial charges | 65/66B | €3,334 | €1,797 | -€1,537 | -46.1% |
| Recurring financial charges | 65 | €3,334 | €1,797 | -€1,537 | -46.1% |
| Profit (loss) for the period before taxes | 9903 | -€25,733 | -€44,041 | -€18,308 | -71.1% |
| Income taxes | 67/77 | €128 | - | -€128 | |
| Profit (loss) for the period | 9904 | -€25,861 | -€44,041 | -€18,180 | -70.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,861 | -€44,041 | -€18,180 | -70.3% |
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 24 October 2026 via checked.be.