TOCH: 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.
What changed
TOCH
NACE 46.831, Wholesale of construction materials, general range
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€154,404
2024 · €283,458-€129,053
Equity
€2.1m
2024 · €1.9m+€154,404
Cash
€749,863
2024 · €421,305+€328,558
Balance sheet total
€3.9m
2024 · €3.8m+€97,466
Largest movements
Assets
- Receivables within one year -€396,412
down €396,412 (-25.7%), from €1.5m to €1.1m
- Cash +€328,558
up €328,558 (+78.0%), from €421,305 to €749,863
mainly Receivables within one year (+€396,412) and Net result for the year (+€154,404)
- Stocks and contracts +€186,986
up €186,986 (+14.8%), from €1.3m to €1.5m
Equity and liabilities
- Reserves +€154,404
up €154,404 (+8.3%), from €1.9m to €2.0m
- Trade debts -€84,918
down €84,918 (-13.3%), from €636,450 to €551,532
- Provisions -€57,497
no longer reported in 2025 (was €57,497)
- Debts after one year +€45,297
up €45,297 (+8.5%), from €531,598 to €576,895
Income statement
- Staff costs +€39,900
up €39,900 (+5.6%), from €712,873 to €752,773
- Gross operating margin -€38,026
down €38,026 (-3.2%), from €1.2m to €1.2m
- Provisions +€37,750
up €37,750, from -€32,506 to €5,244
- Taxes +€31,686
up €31,686 (+31.3%), from €101,285 to €132,971
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.
Result 2024
€283,458
Gross operating margin
-€38,026
Staff costs
-€39,900
Depreciation
-€1,655
Provisions
-€37,750
Other operating charges
-€1,373
Financial income
+€9,760
Financial charges
+€11,577
Taxes
-€31,686
Result 2025
€154,404
raises the resultlowers the result
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.
From operations
+€346,409
Investment
-€63,148
Financing
+€45,297
Cash 2024
€421,305
From operations (derived)
+€346,409
Net result for the year
+€154,404
Depreciation
+€85,343
Stocks and contracts
-€186,986
Receivables within one year
+€396,412
Deferred charges and accrued income
-€529
Provisions
-€57,497
Trade debts
-€84,918
Tax, wage and social debts
+€33,326
Other debts
+€10,466
Accrued charges and deferred income
-€3,613
Investment (derived)
-€63,148
Investment in fixed assets (net)
-€63,148
Financing
+€45,297
Debts after one year
+€45,297
Cash 2025
€749,863
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,766,790 | €3,864,255 | +€97,466 | +2.6% |
| Fixed assets | 21/28 | €488,546 | €466,351 | -€22,195 | -4.5% |
| Intangible fixed assets | 21 | €6,136 | €8,602 | +€2,466 | +40.2% |
| Tangible fixed assets | 22/27 | €482,410 | €457,749 | -€24,661 | -5.1% |
| Land and buildings | 22 | €26,133 | €26,696 | +€563 | +2.2% |
| Plant, machinery and equipment | 23 | €8,280 | €5,308 | -€2,972 | -35.9% |
| Furniture and vehicles | 24 | €47,231 | €75,321 | +€28,090 | +59.5% |
| Other tangible fixed assets | 26 | €400,766 | €350,424 | -€50,343 | -12.6% |
| Current assets | 29/58 | €3,278,244 | €3,397,905 | +€119,661 | +3.7% |
| Amounts receivable after more than one year | 29 | €51,000 | €51,000 | = | 0.0% |
| Other amounts receivable | 291 | €51,000 | €51,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,265,005 | €1,451,991 | +€186,986 | +14.8% |
| Stocks | 30/36 | €1,265,005 | €1,451,991 | +€186,986 | +14.8% |
| Amounts receivable within one year | 40/41 | €1,540,405 | €1,143,993 | -€396,412 | -25.7% |
| Trade receivables | 40 | €1,540,405 | €1,143,993 | -€396,412 | -25.7% |
| Cash at bank and in hand | 54/58 | €421,305 | €749,863 | +€328,558 | +78.0% |
| Deferred charges and accrued income | 490/1 | €529 | €1,058 | +€529 | +100% |
| Total equity and liabilities | 10/49 | €3,766,790 | €3,864,255 | +€97,466 | +2.6% |
| Equity | 10/15 | €1,916,811 | €2,071,216 | +€154,404 | +8.1% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | €1,866,811 | €2,021,216 | +€154,404 | +8.3% |
| Distributable reserves | 133 | €1,866,811 | €2,021,216 | +€154,404 | +8.3% |
| Provisions and deferred taxes | 16 | €57,497 | - | -€57,497 | |
| Provisions for liabilities and charges | 160/5 | €57,497 | - | -€57,497 | |
| Environmental obligations | 163 | €57,497 | - | -€57,497 | |
| Amounts payable | 17/49 | €1,792,482 | €1,793,040 | +€558 | 0.0% |
| Amounts payable after more than one year | 17 | €531,598 | €576,895 | +€45,297 | +8.5% |
| Other amounts payable | 178/9 | €531,598 | €576,895 | +€45,297 | +8.5% |
| Amounts payable within one year | 42/48 | €1,086,542 | €1,045,416 | -€41,126 | -3.8% |
| Financial debts | 43 | €200,000 | €200,000 | = | 0.0% |
| Credit institutions | 430/8 | €200,000 | €200,000 | = | 0.0% |
| Trade debts | 44 | €636,450 | €551,532 | -€84,918 | -13.3% |
| Suppliers | 440/4 | €636,450 | €551,532 | -€84,918 | -13.3% |
| Taxes, remuneration and social security | 45 | €140,412 | €173,738 | +€33,326 | +23.7% |
| Taxes | 450/3 | €61,073 | €65,453 | +€4,380 | +7.2% |
| Remuneration and social security | 454/9 | €79,339 | €108,284 | +€28,946 | +36.5% |
| Other amounts payable | 47/48 | €109,680 | €120,146 | +€10,466 | +9.5% |
| Accrued charges and deferred income | 492/3 | €174,342 | €170,729 | -€3,613 | -2.1% |
| Remuneration, social security and pensions | 62 | €712,873 | €752,773 | +€39,900 | +5.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €83,688 | €85,343 | +€1,655 | +2.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€32,506 | €5,244 | +€37,750 | |
| Other operating charges | 640/8 | €11,428 | €12,801 | +€1,373 | +12.0% |
| Gross operating margin | 9900 | €1,193,643 | €1,155,617 | -€38,026 | -3.2% |
| Operating profit (loss) | 9901 | €418,159 | €299,456 | -€118,704 | -28.4% |
| Financial income | 75/76B | €100,597 | €110,357 | +€9,760 | +9.7% |
| Recurring financial income | 75 | €100,597 | €110,357 | +€9,760 | +9.7% |
| Financial charges | 65/66B | €134,014 | €122,437 | -€11,577 | -8.6% |
| Recurring financial charges | 65 | €134,014 | €122,437 | -€11,577 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €384,742 | €287,375 | -€97,367 | -25.3% |
| Income taxes | 67/77 | €101,285 | €132,971 | +€31,686 | +31.3% |
| Profit (loss) for the period | 9904 | €283,458 | €154,404 | -€129,053 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €283,458 | €154,404 | -€129,053 | -45.5% |
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.