TOCAFLO: 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.
TOCAFLO
Largest movements
- Tangible fixed assets -€24,300
down €24,300 (-4.5%), from €539,961 to €515,661
- Cash +€22,889
up €22,889 (+12.6%), from €181,245 to €204,134
mainly Depreciation (+€24,300) and Tax, wage and social debts (+€1,467)
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin +€3,813
up €3,813 (+16.3%), from €23,461 to €27,274
- Other operating charges -€3,300
down €3,300 (-44.9%), from €7,353 to €4,053
- Taxes +€1,467
new in 2025: €1,467
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 | €721,430 | €720,023 | -€1,407 | -0.2% |
| Fixed assets | 21/28 | €539,961 | €515,661 | -€24,300 | -4.5% |
| Tangible fixed assets | 22/27 | €539,961 | €515,661 | -€24,300 | -4.5% |
| Land and buildings | 22 | €539,961 | €515,661 | -€24,300 | -4.5% |
| Current assets | 29/58 | €181,469 | €204,362 | +€22,893 | +12.6% |
| Cash at bank and in hand | 54/58 | €181,245 | €204,134 | +€22,889 | +12.6% |
| Deferred charges and accrued income | 490/1 | €224 | €228 | +€4 | +1.8% |
| Total equity and liabilities | 10/49 | €721,430 | €720,023 | -€1,407 | -0.2% |
| Equity | 10/15 | €662,358 | €662,674 | +€316 | 0.0% |
| Contributions | 10/11 | €428,400 | €428,400 | = | 0.0% |
| Capital | 10 | €428,400 | €428,400 | = | 0.0% |
| Issued capital | 100 | €428,400 | €428,400 | = | 0.0% |
| Reserves | 13 | €157,507 | €151,314 | -€6,193 | -3.9% |
| Non-distributable reserves | 130/1 | €42,840 | €42,840 | = | 0.0% |
| Legal reserve | 130 | €42,840 | €42,840 | = | 0.0% |
| Tax-exempt reserves | 132 | €114,667 | €108,474 | -€6,193 | -5.4% |
| Profit (loss) carried forward | 14 | €76,450 | €82,960 | +€6,509 | +8.5% |
| Provisions and deferred taxes | 16 | €59,072 | €55,882 | -€3,190 | -5.4% |
| Deferred taxes | 168 | €59,072 | €55,882 | -€3,190 | -5.4% |
| Amounts payable | 17/49 | - | €1,467 | +€1,467 | |
| Amounts payable within one year | 42/48 | - | €1,467 | +€1,467 | |
| Taxes, remuneration and social security | 45 | - | €1,467 | +€1,467 | |
| Taxes | 450/3 | - | €1,467 | +€1,467 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,300 | €24,300 | = | 0.0% |
| Other operating charges | 640/8 | €7,353 | €4,053 | -€3,300 | -44.9% |
| Gross operating margin | 9900 | €23,461 | €27,274 | +€3,813 | +16.3% |
| Operating profit (loss) | 9901 | -€8,192 | -€1,078 | +€7,113 | +86.8% |
| Financial charges | 65/66B | €324 | €329 | +€5 | +1.4% |
| Recurring financial charges | 65 | €324 | €329 | +€5 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | -€8,516 | -€1,407 | +€7,109 | +83.5% |
| Transfer from deferred taxes | 780 | €3,190 | €3,190 | = | 0.0% |
| Income taxes | 67/77 | - | €1,467 | +€1,467 | |
| Profit (loss) for the period | 9904 | -€5,326 | €316 | +€5,642 | |
| Transfer from tax-exempt reserves | 789 | €6,193 | €6,193 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €867 | €6,509 | +€5,642 | +650.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.