TOA TECHNICS: 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.
TOA TECHNICS
Largest movements
- Receivables within one year +€77,934
up €77,934 (+26.6%), from €293,126 to €371,060
of which Other amounts receivable: +€73,367
- Receivables after one year -€40,461
no longer reported in 2025 (was €40,461)
- Cash -€33,165
down €33,165 (-32.0%), from €103,756 to €70,591
mainly Receivables within one year (-€77,934) and Tax, wage and social debts (-€42,716)
- Tangible fixed assets -€13,473
down €13,473 (-15.9%), from €84,622 to €71,149
of which Plant, machinery and equipment: -€10,311
- Tax, wage and social debts -€42,716
down €42,716 (-34.2%), from €124,881 to €82,166
of which Remuneration and social security: -€35,890
- Trade debts +€39,278
up €39,278 (+18.7%), from €210,087 to €249,365
- Profit (loss) carried forward +€11,066
up €11,066 (+7.6%), from €144,976 to €156,042
- Current portion of long-term debt -€10,766
down €10,766 (-65.6%), from €16,422 to €5,656
- Debts after one year -€5,656
no longer reported in 2025 (was €5,656)
- Gross operating margin -€242,114
down €242,114 (-29.4%), from €824,161 to €582,048
- Staff costs -€194,642
down €194,642 (-26.9%), from €722,437 to €527,795
- Depreciation -€9,318
down €9,318 (-32.4%), from €28,781 to €19,463
- Write-downs -€8,500
no longer reported in 2025 (was €8,500)
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 | €522,202 | €513,229 | -€8,973 | -1.7% |
| Fixed assets | 21/28 | €84,622 | €71,149 | -€13,473 | -15.9% |
| Tangible fixed assets | 22/27 | €84,622 | €71,149 | -€13,473 | -15.9% |
| Plant, machinery and equipment | 23 | €76,272 | €65,961 | -€10,311 | -13.5% |
| Furniture and vehicles | 24 | €8,350 | €5,188 | -€3,162 | -37.9% |
| Current assets | 29/58 | €437,581 | €442,080 | +€4,499 | +1.0% |
| Amounts receivable after more than one year | 29 | €40,461 | - | -€40,461 | |
| Other amounts receivable | 291 | €40,461 | - | -€40,461 | |
| Amounts receivable within one year | 40/41 | €293,126 | €371,060 | +€77,934 | +26.6% |
| Trade receivables | 40 | €264,496 | €269,064 | +€4,568 | +1.7% |
| Other amounts receivable | 41 | €28,629 | €101,996 | +€73,367 | +256.3% |
| Cash at bank and in hand | 54/58 | €103,756 | €70,591 | -€33,165 | -32.0% |
| Deferred charges and accrued income | 490/1 | €237 | €429 | +€192 | +80.8% |
| Total equity and liabilities | 10/49 | €522,202 | €513,229 | -€8,973 | -1.7% |
| Equity | 10/15 | €164,976 | €176,042 | +€11,066 | +6.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €144,976 | €156,042 | +€11,066 | +7.6% |
| Amounts payable | 17/49 | €357,227 | €337,187 | -€20,039 | -5.6% |
| Amounts payable after more than one year | 17 | €5,656 | - | -€5,656 | |
| Financial debts | 170/4 | €5,656 | - | -€5,656 | |
| Amounts payable within one year | 42/48 | €351,570 | €337,187 | -€14,383 | -4.1% |
| Current portion of amounts payable after more than one year | 42 | €16,422 | €5,656 | -€10,766 | -65.6% |
| Trade debts | 44 | €210,087 | €249,365 | +€39,278 | +18.7% |
| Suppliers | 440/4 | €210,087 | €249,365 | +€39,278 | +18.7% |
| Advances received on contracts in progress | 46 | €180 | - | -€180 | |
| Taxes, remuneration and social security | 45 | €124,881 | €82,166 | -€42,716 | -34.2% |
| Taxes | 450/3 | €23,950 | €17,124 | -€6,826 | -28.5% |
| Remuneration and social security | 454/9 | €100,931 | €65,042 | -€35,890 | -35.6% |
| Non-recurring operating income | 76A | €43,244 | €55,791 | +€12,547 | +29.0% |
| Remuneration, social security and pensions | 62 | €722,437 | €527,795 | -€194,642 | -26.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,781 | €19,463 | -€9,318 | -32.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €8,500 | - | -€8,500 | |
| Other operating charges | 640/8 | €3,428 | €7,652 | +€4,224 | +123.2% |
| Non-recurring operating charges | 66A | €4,132 | - | -€4,132 | |
| Gross operating margin | 9900 | €824,161 | €582,048 | -€242,114 | -29.4% |
| Operating profit (loss) | 9901 | €56,882 | €27,138 | -€29,744 | -52.3% |
| Financial income | 75/76B | €2,913 | €265 | -€2,647 | -90.9% |
| Recurring financial income | 75 | €2,913 | €265 | -€2,647 | -90.9% |
| Financial charges | 65/66B | €1,983 | €1,167 | -€816 | -41.1% |
| Recurring financial charges | 65 | €1,983 | €1,167 | -€816 | -41.1% |
| Profit (loss) for the period before taxes | 9903 | €57,812 | €26,236 | -€31,576 | -54.6% |
| Income taxes | 67/77 | €13,351 | €15,170 | +€1,820 | +13.6% |
| Profit (loss) for the period | 9904 | €44,462 | €11,066 | -€33,395 | -75.1% |
| Profit (loss) for the period to be appropriated | 9905 | €44,462 | €11,066 | -€33,395 | -75.1% |
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 1 October 2026 via checked.be.