T.O.K.: 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.
T.O.K.
Largest movements
- Receivables within one year +€21,612
up €21,612 (+184%), from €11,759 to €33,371
of which Trade receivables: +€20,280
- Cash -€11,062
down €11,062 (-59.6%), from €18,574 to €7,512
mainly Receivables within one year (-€21,612) and Investment in fixed assets (net) (-€7,259)
- Tangible fixed assets -€5,791
down €5,791 (-17.2%), from €33,696 to €27,905
of which Furniture and vehicles: -€5,020
- Stocks and contracts +€5,425
up €5,425 (+95.8%), from €5,662 to €11,087
- Financial fixed assets +€2,300
new in 2025: €2,300
- Profit (loss) carried forward +€12,313
up €12,313 (+103%), from €11,965 to €24,277
- Trade debts +€8,170
up €8,170 (+44.9%), from €18,208 to €26,378
- Debts after one year -€6,768
down €6,768 (-31.9%), from €21,228 to €14,460
- Other debts -€3,021
down €3,021 (-88.7%), from €3,405 to €385
- Tax, wage and social debts +€1,957
up €1,957 (+25.9%), from €7,547 to €9,504
of which Taxes: +€3,845
- Other operating charges -€974
down €974 (-35.7%), from €2,726 to €1,752
- Gross operating margin -€653
down €653 (-2.1%), from €30,586 to €29,933
- Depreciation +€496
up €496 (+4.8%), from €10,254 to €10,749
- Financial charges -€407
down €407 (-21.2%), from €1,917 to €1,510
- Taxes +€336
up €336 (+9.6%), from €3,509 to €3,845
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 | €71,831 | €84,772 | +€12,941 | +18.0% |
| Fixed assets | 21/28 | €33,696 | €30,205 | -€3,491 | -10.4% |
| Tangible fixed assets | 22/27 | €33,696 | €27,905 | -€5,791 | -17.2% |
| Plant, machinery and equipment | 23 | €1,755 | €984 | -€771 | -43.9% |
| Furniture and vehicles | 24 | €31,941 | €26,921 | -€5,020 | -15.7% |
| Financial fixed assets | 28 | - | €2,300 | +€2,300 | |
| Current assets | 29/58 | €38,135 | €54,567 | +€16,432 | +43.1% |
| Stocks and contracts in progress | 3 | €5,662 | €11,087 | +€5,425 | +95.8% |
| Stocks | 30/36 | €5,662 | €11,087 | +€5,425 | +95.8% |
| Amounts receivable within one year | 40/41 | €11,759 | €33,371 | +€21,612 | +184% |
| Trade receivables | 40 | €7,948 | €28,228 | +€20,280 | +255% |
| Other amounts receivable | 41 | €3,811 | €5,143 | +€1,332 | +35.0% |
| Cash at bank and in hand | 54/58 | €18,574 | €7,512 | -€11,062 | -59.6% |
| Deferred charges and accrued income | 490/1 | €2,139 | €2,596 | +€456 | +21.3% |
| Total equity and liabilities | 10/49 | €71,831 | €84,772 | +€12,941 | +18.0% |
| Equity | 10/15 | €14,965 | €27,277 | +€12,313 | +82.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,965 | €24,277 | +€12,313 | +103% |
| Amounts payable | 17/49 | €56,866 | €57,495 | +€628 | +1.1% |
| Amounts payable after more than one year | 17 | €21,228 | €14,460 | -€6,768 | -31.9% |
| Financial debts | 170/4 | €21,228 | €14,460 | -€6,768 | -31.9% |
| Amounts payable within one year | 42/48 | €35,638 | €43,035 | +€7,397 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €6,478 | €6,768 | +€290 | +4.5% |
| Trade debts | 44 | €18,208 | €26,378 | +€8,170 | +44.9% |
| Suppliers | 440/4 | €18,208 | €26,378 | +€8,170 | +44.9% |
| Taxes, remuneration and social security | 45 | €7,547 | €9,504 | +€1,957 | +25.9% |
| Taxes | 450/3 | €3,509 | €7,354 | +€3,845 | +110% |
| Remuneration and social security | 454/9 | €4,037 | €2,150 | -€1,887 | -46.7% |
| Other amounts payable | 47/48 | €3,405 | €385 | -€3,021 | -88.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,254 | €10,749 | +€496 | +4.8% |
| Other operating charges | 640/8 | €2,726 | €1,752 | -€974 | -35.7% |
| Gross operating margin | 9900 | €30,586 | €29,933 | -€653 | -2.1% |
| Operating profit (loss) | 9901 | €17,607 | €17,432 | -€174 | -1.0% |
| Financial income | 75/76B | €7 | €236 | +€229 | +3,426% |
| Recurring financial income | 75 | €7 | €236 | +€229 | +3,426% |
| Financial charges | 65/66B | €1,917 | €1,510 | -€407 | -21.2% |
| Recurring financial charges | 65 | €1,917 | €1,510 | -€407 | -21.2% |
| Profit (loss) for the period before taxes | 9903 | €15,696 | €16,158 | +€462 | +2.9% |
| Income taxes | 67/77 | €3,509 | €3,845 | +€336 | +9.6% |
| Profit (loss) for the period | 9904 | €12,187 | €12,313 | +€126 | +1.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,187 | €12,313 | +€126 | +1.0% |
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 29 October 2026 via checked.be.