TOCA: 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.
TOCA
Largest movements
- Current investments -€212,160
down €212,160 (-71.6%), from €296,324 to €84,164
- Cash +€58,713
up €58,713 (+89.3%), from €65,731 to €124,444
mainly Current investments (+€212,160) and Depreciation (+€27,325)
- Tangible fixed assets -€25,167
down €25,167 (-6.5%), from €389,538 to €364,370
of which Land and buildings: -€13,889
- Other debts -€139,012
down €139,012 (-99.8%), from €139,237 to €226
- Profit (loss) carried forward -€24,296
down €24,296 (-217.5%), from -€11,173 to -€35,469
- Tax, wage and social debts -€10,155
down €10,155 (-80.9%), from €12,552 to €2,397
- Gross operating margin -€11,250
down €11,250 (-76.2%), from €14,760 to €3,510
- Financial charges -€5,573
down €5,573 (-88.5%), from €6,296 to €723
- Financial income -€4,785
down €4,785 (-50.3%), from €9,519 to €4,734
- Taxes -€156
down €156 (-100.0%), from €156 to €0
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 | €757,508 | €580,664 | -€176,844 | -23.3% |
| Fixed assets | 21/28 | €390,363 | €365,195 | -€25,167 | -6.4% |
| Tangible fixed assets | 22/27 | €389,538 | €364,370 | -€25,167 | -6.5% |
| Land and buildings | 22 | €344,978 | €331,089 | -€13,889 | -4.0% |
| Plant, machinery and equipment | 23 | €1,147 | €1,475 | +€328 | +28.6% |
| Furniture and vehicles | 24 | €40,594 | €29,768 | -€10,826 | -26.7% |
| Other tangible fixed assets | 26 | €2,819 | €2,038 | -€781 | -27.7% |
| Financial fixed assets | 28 | €825 | €825 | = | 0.0% |
| Current assets | 29/58 | €367,145 | €215,469 | -€151,676 | -41.3% |
| Amounts receivable within one year | 40/41 | €3,546 | €4,728 | +€1,182 | +33.3% |
| Trade receivables | 40 | €22 | - | -€22 | |
| Other amounts receivable | 41 | €3,525 | €4,728 | +€1,204 | +34.2% |
| Current investments | 50/53 | €296,324 | €84,164 | -€212,160 | -71.6% |
| Cash at bank and in hand | 54/58 | €65,731 | €124,444 | +€58,713 | +89.3% |
| Deferred charges and accrued income | 490/1 | €1,544 | €2,133 | +€589 | +38.1% |
| Total equity and liabilities | 10/49 | €757,508 | €580,664 | -€176,844 | -23.3% |
| Equity | 10/15 | €597,961 | €573,665 | -€24,296 | -4.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €602,934 | €602,934 | = | 0.0% |
| Distributable reserves | 133 | €602,934 | €602,934 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,173 | -€35,469 | -€24,296 | -217.5% |
| Amounts payable | 17/49 | €159,547 | €6,999 | -€152,548 | -95.6% |
| Amounts payable within one year | 42/48 | €154,910 | €5,402 | -€149,508 | -96.5% |
| Trade debts | 44 | €3,120 | €2,779 | -€341 | -10.9% |
| Suppliers | 440/4 | €3,120 | €2,779 | -€341 | -10.9% |
| Taxes, remuneration and social security | 45 | €12,552 | €2,397 | -€10,155 | -80.9% |
| Taxes | 450/3 | €12,552 | €2,397 | -€10,155 | -80.9% |
| Other amounts payable | 47/48 | €139,237 | €226 | -€139,012 | -99.8% |
| Accrued charges and deferred income | 492/3 | €4,637 | €1,598 | -€3,040 | -65.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,177 | €27,325 | +€147 | +0.5% |
| Other operating charges | 640/8 | €4,539 | €4,493 | -€46 | -1.0% |
| Gross operating margin | 9900 | €14,760 | €3,510 | -€11,250 | -76.2% |
| Operating profit (loss) | 9901 | -€16,956 | -€28,308 | -€11,351 | -66.9% |
| Financial income | 75/76B | €9,519 | €4,734 | -€4,785 | -50.3% |
| Recurring financial income | 75 | €9,519 | €4,734 | -€4,785 | -50.3% |
| Financial charges | 65/66B | €6,296 | €723 | -€5,573 | -88.5% |
| Recurring financial charges | 65 | €6,296 | €723 | -€5,573 | -88.5% |
| Profit (loss) for the period before taxes | 9903 | -€13,733 | -€24,296 | -€10,563 | -76.9% |
| Income taxes | 67/77 | €156 | €0 | -€156 | -100.0% |
| Profit (loss) for the period | 9904 | -€13,889 | -€24,296 | -€10,407 | -74.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€13,889 | -€24,296 | -€10,407 | -74.9% |
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 30 September 2026 via checked.be.