TOCCATA: 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.
TOCCATA
Largest movements
- Cash +€129,671
up €129,671 (+132%), from €98,579 to €228,250
mainly Current portion of long-term debt (+€185,037) and Net result for the year (+€136,494)
- Receivables within one year -€22,059
down €22,059 (-21.2%), from €103,968 to €81,909
of which Trade receivables: -€22,059
- Debts after one year -€205,256
down €205,256 (-53.3%), from €385,256 to €180,000
- Current portion of long-term debt +€185,037
up €185,037 (+915%), from €20,218 to €205,256
- Reserves +€115,441
up €115,441 (+26.9%), from €429,658 to €545,099
- Tax, wage and social debts +€13,391
up €13,391 (+76.0%), from €17,615 to €31,005
- Financial income +€34,661
up €34,661 (+37.9%), from €91,379 to €126,040
- Gross operating margin +€9,100
up €9,100 (+31.5%), from €28,902 to €38,002
- Taxes +€4,112
up €4,112 (+43.1%), from €9,538 to €13,649
- Financial charges -€1,812
down €1,812 (-13.7%), from €13,264 to €11,452
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.
Derived cash bridge
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 | €922,683 | €1,029,109 | +€106,427 | +11.5% |
| Fixed assets | 21/28 | €718,964 | €717,615 | -€1,349 | -0.2% |
| Tangible fixed assets | 22/27 | €7,978 | €6,628 | -€1,349 | -16.9% |
| Furniture and vehicles | 24 | €2,874 | €2,525 | -€349 | -12.1% |
| Other tangible fixed assets | 26 | €5,104 | €4,104 | -€1,000 | -19.6% |
| Financial fixed assets | 28 | €710,987 | €710,987 | = | 0.0% |
| Current assets | 29/58 | €203,718 | €311,494 | +€107,776 | +52.9% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €103,968 | €81,909 | -€22,059 | -21.2% |
| Trade receivables | 40 | €32,949 | €10,890 | -€22,059 | -66.9% |
| Other amounts receivable | 41 | €71,019 | €71,019 | -€0 | 0.0% |
| Cash at bank and in hand | 54/58 | €98,579 | €228,250 | +€129,671 | +132% |
| Deferred charges and accrued income | 490/1 | €1,172 | €1,335 | +€164 | +14.0% |
| Total equity and liabilities | 10/49 | €922,683 | €1,029,109 | +€106,427 | +11.5% |
| Equity | 10/15 | €448,250 | €563,691 | +€115,441 | +25.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €429,658 | €545,099 | +€115,441 | +26.9% |
| Distributable reserves | 133 | €429,658 | €545,099 | +€115,441 | +26.9% |
| Amounts payable | 17/49 | €474,433 | €465,419 | -€9,015 | -1.9% |
| Amounts payable after more than one year | 17 | €385,256 | €180,000 | -€205,256 | -53.3% |
| Financial debts | 170/4 | €385,256 | €180,000 | -€205,256 | -53.3% |
| Amounts payable within one year | 42/48 | €88,773 | €284,902 | +€196,128 | +221% |
| Current portion of amounts payable after more than one year | 42 | €20,218 | €205,256 | +€185,037 | +915% |
| Financial debts | 43 | €12,502 | €14,989 | +€2,487 | +19.9% |
| Credit institutions | 430/8 | €12,502 | €14,989 | +€2,487 | +19.9% |
| Trade debts | 44 | €396 | €510 | +€114 | +28.8% |
| Suppliers | 440/4 | €396 | €510 | +€114 | +28.8% |
| Taxes, remuneration and social security | 45 | €17,615 | €31,005 | +€13,391 | +76.0% |
| Taxes | 450/3 | €17,615 | €31,005 | +€13,391 | +76.0% |
| Other amounts payable | 47/48 | €38,042 | €33,142 | -€4,900 | -12.9% |
| Accrued charges and deferred income | 492/3 | €404 | €517 | +€113 | +27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,135 | €1,349 | +€214 | +18.9% |
| Other operating charges | 640/8 | €966 | €1,097 | +€132 | +13.6% |
| Gross operating margin | 9900 | €28,902 | €38,002 | +€9,100 | +31.5% |
| Operating profit (loss) | 9901 | €26,801 | €35,556 | +€8,754 | +32.7% |
| Financial income | 75/76B | €91,379 | €126,040 | +€34,661 | +37.9% |
| Recurring financial income | 75 | €91,379 | €126,040 | +€34,661 | +37.9% |
| Financial charges | 65/66B | €13,264 | €11,452 | -€1,812 | -13.7% |
| Recurring financial charges | 65 | €13,264 | €11,452 | -€1,812 | -13.7% |
| Profit (loss) for the period before taxes | 9903 | €104,916 | €150,143 | +€45,227 | +43.1% |
| Income taxes | 67/77 | €9,538 | €13,649 | +€4,112 | +43.1% |
| Profit (loss) for the period | 9904 | €95,378 | €136,494 | +€41,116 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,378 | €136,494 | +€41,116 | +43.1% |
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 14 October 2026 via checked.be.