TOCATRA: 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.
TOCATRA
Largest movements
- Tangible fixed assets +€868,179
up €868,179 (+99.0%), from €877,120 to €1.7m
of which Leasing and similar rights: +€614,106
- Receivables within one year +€146,325
up €146,325 (+64.9%), from €225,468 to €371,793
of which Trade receivables: +€114,111
- Cash +€99,840
up €99,840 (+212.3%), from €47,023 to €146,863
mainly Debts after one year (+€690,248) and Depreciation (+€266,059)
- Stocks and contracts -€46,322
down €46,322 (-41.2%), from €112,336 to €66,014
- Debts after one year +€690,248
up €690,248 (+98.3%), from €701,922 to €1.4m
- Current portion of long-term debt +€170,111
up €170,111 (+106.8%), from €159,294 to €329,405
- Trade debts +€93,782
up €93,782 (+63.7%), from €147,115 to €240,897
- Profit (loss) carried forward +€69,787
up €69,787 (+30.7%), from €227,000 to €296,787
- Tax, wage and social debts +€51,311
up €51,311 (+449.9%), from €11,406 to €62,717
of which Remuneration and social security: +€51,372
- Gross operating margin +€433,216
up €433,216 (+88.1%), from €491,467 to €924,683
- Staff costs +€271,868
up €271,868 (+105.5%), from €257,666 to €529,534
- Depreciation +€103,656
up €103,656 (+63.8%), from €162,403 to €266,059
- Financial charges +€20,453
up €20,453 (+56.3%), from €36,333 to €56,786
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 | €1,322,341 | €2,408,792 | +€1.1m | +82.2% |
| Fixed assets | 21/28 | €877,120 | €1,745,299 | +€868,179 | +99.0% |
| Tangible fixed assets | 22/27 | €877,120 | €1,745,299 | +€868,179 | +99.0% |
| Plant, machinery and equipment | 23 | €9,546 | €12,170 | +€2,624 | +27.5% |
| Furniture and vehicles | 24 | €57,289 | €290,629 | +€233,340 | +407.3% |
| Leasing and similar rights | 25 | €810,285 | €1,424,391 | +€614,106 | +75.8% |
| Other tangible fixed assets | 26 | - | €18,109 | +€18,109 | |
| Current assets | 29/58 | €445,221 | €663,493 | +€218,272 | +49.0% |
| Amounts receivable after more than one year | 29 | €54,500 | €54,500 | = | 0.0% |
| Trade receivables | 290 | €54,500 | €54,500 | = | 0.0% |
| Stocks and contracts in progress | 3 | €112,336 | €66,014 | -€46,322 | -41.2% |
| Stocks | 30/36 | €112,336 | €66,014 | -€46,322 | -41.2% |
| Amounts receivable within one year | 40/41 | €225,468 | €371,793 | +€146,325 | +64.9% |
| Trade receivables | 40 | €225,468 | €339,579 | +€114,111 | +50.6% |
| Other amounts receivable | 41 | - | €32,215 | +€32,215 | |
| Cash at bank and in hand | 54/58 | €47,023 | €146,863 | +€99,840 | +212.3% |
| Deferred charges and accrued income | 490/1 | €5,894 | €24,322 | +€18,428 | +312.7% |
| Total equity and liabilities | 10/49 | €1,322,341 | €2,408,792 | +€1.1m | +82.2% |
| Equity | 10/15 | €292,528 | €362,315 | +€69,787 | +23.9% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €4,028 | €4,028 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €4,028 | €4,028 | +€0 | 0.0% |
| Reserves not available under the articles | 1311 | €4,028 | €4,028 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €227,000 | €296,787 | +€69,787 | +30.7% |
| Amounts payable | 17/49 | €1,029,813 | €2,046,477 | +€1.0m | +98.7% |
| Amounts payable after more than one year | 17 | €701,922 | €1,392,170 | +€690,248 | +98.3% |
| Financial debts | 170/4 | €701,922 | €1,392,170 | +€690,248 | +98.3% |
| Amounts payable within one year | 42/48 | €327,891 | €654,307 | +€326,416 | +99.6% |
| Current portion of amounts payable after more than one year | 42 | €159,294 | €329,405 | +€170,111 | +106.8% |
| Financial debts | 43 | - | €11,288 | +€11,288 | |
| Credit institutions | 430/8 | - | €11,288 | +€11,288 | |
| Trade debts | 44 | €147,115 | €240,897 | +€93,782 | +63.7% |
| Suppliers | 440/4 | €147,115 | €240,897 | +€93,782 | +63.7% |
| Taxes, remuneration and social security | 45 | €11,406 | €62,717 | +€51,311 | +449.9% |
| Taxes | 450/3 | €3,574 | €3,513 | -€61 | -1.7% |
| Remuneration and social security | 454/9 | €7,832 | €59,204 | +€51,372 | +655.9% |
| Other amounts payable | 47/48 | €10,076 | €10,000 | -€76 | -0.8% |
| Remuneration, social security and pensions | 62 | €257,666 | €529,534 | +€271,868 | +105.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €162,403 | €266,059 | +€103,656 | +63.8% |
| Other operating charges | 640/8 | €7,465 | €6,793 | -€672 | -9.0% |
| Non-recurring operating charges | 66A | - | €125 | +€125 | |
| Gross operating margin | 9900 | €491,467 | €924,683 | +€433,216 | +88.1% |
| Operating profit (loss) | 9901 | €63,933 | €122,171 | +€58,238 | +91.1% |
| Financial income | 75/76B | €9,266 | €4,401 | -€4,865 | -52.5% |
| Recurring financial income | 75 | €266 | €2,666 | +€2,400 | +902.1% |
| Non-recurring financial income | 76B | €9,000 | €1,735 | -€7,265 | -80.7% |
| Financial charges | 65/66B | €36,333 | €56,786 | +€20,453 | +56.3% |
| Recurring financial charges | 65 | €36,333 | €56,786 | +€20,453 | +56.3% |
| Profit (loss) for the period before taxes | 9903 | €36,866 | €69,787 | +€32,921 | +89.3% |
| Profit (loss) for the period | 9904 | €36,866 | €69,787 | +€32,921 | +89.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,866 | €69,787 | +€32,921 | +89.3% |
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 10 October 2026 via checked.be.