TO-KE GROUP: 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.
TO-KE GROUP
Largest movements
- Stocks and contracts +€49,852
up €49,852 (+103%), from €48,258 to €98,110
- Receivables within one year +€15,700
up €15,700 (+266%), from €5,903 to €21,602
of which Trade receivables: +€16,833
- Intangible fixed assets -€1,428
down €1,428 (-16.7%), from €8,571 to €7,143
- Trade debts +€35,095
up €35,095 (+77.2%), from €45,448 to €80,543
- Other debts +€23,807
up €23,807 (+80.7%), from €29,493 to €53,300
- Profit (loss) carried forward +€4,789
up €4,789 (+18.7%), from -€25,667 to -€20,878
- Gross operating margin +€35,565
up €35,565, from -€23,914 to €11,651
- Financial charges +€5,110
up €5,110 (+1,578%), from €324 to €5,434
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €63,703 | €127,393 | +€63,690 | +100.0% |
| Fixed assets | 21/28 | €8,571 | €7,143 | -€1,428 | -16.7% |
| Intangible fixed assets | 21 | €8,571 | €7,143 | -€1,428 | -16.7% |
| Current assets | 29/58 | €55,132 | €120,250 | +€65,118 | +118% |
| Stocks and contracts in progress | 3 | €48,258 | €98,110 | +€49,852 | +103% |
| Stocks | 30/36 | €48,258 | €98,110 | +€49,852 | +103% |
| Amounts receivable within one year | 40/41 | €5,903 | €21,602 | +€15,700 | +266% |
| Trade receivables | 40 | €4,023 | €20,856 | +€16,833 | +418% |
| Other amounts receivable | 41 | €1,880 | €746 | -€1,133 | -60.3% |
| Cash at bank and in hand | 54/58 | €972 | €538 | -€434 | -44.6% |
| Total equity and liabilities | 10/49 | €63,703 | €127,393 | +€63,690 | +100.0% |
| Equity | 10/15 | -€15,667 | -€10,878 | +€4,789 | +30.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,667 | -€20,878 | +€4,789 | +18.7% |
| Amounts payable | 17/49 | €79,370 | €138,271 | +€58,901 | +74.2% |
| Amounts payable within one year | 42/48 | €79,370 | €138,271 | +€58,901 | +74.2% |
| Trade debts | 44 | €45,448 | €80,543 | +€35,095 | +77.2% |
| Suppliers | 440/4 | €45,448 | €80,543 | +€35,095 | +77.2% |
| Advances received on contracts in progress | 46 | €4,428 | €4,428 | = | 0.0% |
| Other amounts payable | 47/48 | €29,493 | €53,300 | +€23,807 | +80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,429 | €1,428 | -€1 | 0.0% |
| Gross operating margin | 9900 | -€23,914 | €11,651 | +€35,565 | |
| Operating profit (loss) | 9901 | -€25,343 | €10,223 | +€35,565 | |
| Financial charges | 65/66B | €324 | €5,434 | +€5,110 | +1,578% |
| Recurring financial charges | 65 | €324 | €5,434 | +€5,110 | +1,578% |
| Profit (loss) for the period before taxes | 9903 | -€25,667 | €4,789 | +€30,455 | |
| Profit (loss) for the period | 9904 | -€25,667 | €4,789 | +€30,455 | |
| Profit (loss) for the period to be appropriated | 9905 | -€25,667 | €4,789 | +€30,455 |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.