TOCO-TRANS: 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.
TOCO-TRANS
Largest movements
- Tangible fixed assets +€566,496
up €566,496 (+125.7%), from €450,642 to €1.0m
of which Land and buildings: +€430,000
- Current investments +€100,000
up €100,000 (+80.0%), from €125,000 to €225,000
- Receivables within one year -€46,547
down €46,547 (-11.6%), from €399,567 to €353,020
of which Trade receivables: -€84,120
- Cash -€21,062
down €21,062 (-6.6%), from €317,834 to €296,772
mainly Investment in fixed assets (net) (-€812,046) and Current investments (-€100,000)
- Debts after one year +€480,513
up €480,513 (+465.7%), from €103,184 to €583,697
- Reserves +€143,569
up €143,569 (+17.5%), from €820,703 to €964,272
- Tax, wage and social debts -€94,254
down €94,254 (-81.4%), from €115,836 to €21,582
of which Taxes: -€94,175
- Current portion of long-term debt +€47,345
up €47,345 (+49.4%), from €95,785 to €143,130
- Trade debts +€28,896
up €28,896 (+108.2%), from €26,695 to €55,591
- Depreciation +€80,326
up €80,326 (+50.1%), from €160,224 to €240,550
- Taxes -€46,276
down €46,276 (-44.9%), from €103,128 to €56,852
- Staff costs +€41,510
up €41,510 (+136.9%), from €30,317 to €71,827
- Other operating charges +€12,362
up €12,362 (+36.9%), from €33,533 to €45,895
- Financial charges +€7,762
up €7,762 (+164.9%), from €4,708 to €12,470
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 | €1,308,396 | €1,914,097 | +€605,701 | +46.3% |
| Fixed assets | 21/28 | €464,682 | €1,036,178 | +€571,496 | +123.0% |
| Tangible fixed assets | 22/27 | €450,642 | €1,017,138 | +€566,496 | +125.7% |
| Land and buildings | 22 | - | €430,000 | +€430,000 | |
| Plant, machinery and equipment | 23 | €8,731 | €28,848 | +€20,116 | +230.4% |
| Furniture and vehicles | 24 | €158,763 | €89,172 | -€69,591 | -43.8% |
| Leasing and similar rights | 25 | €283,148 | €469,118 | +€185,970 | +65.7% |
| Financial fixed assets | 28 | €14,040 | €19,040 | +€5,000 | +35.6% |
| Current assets | 29/58 | €843,714 | €877,919 | +€34,205 | +4.1% |
| Amounts receivable within one year | 40/41 | €399,567 | €353,020 | -€46,547 | -11.6% |
| Trade receivables | 40 | €369,648 | €285,529 | -€84,120 | -22.8% |
| Other amounts receivable | 41 | €29,919 | €67,491 | +€37,573 | +125.6% |
| Current investments | 50/53 | €125,000 | €225,000 | +€100,000 | +80.0% |
| Cash at bank and in hand | 54/58 | €317,834 | €296,772 | -€21,062 | -6.6% |
| Deferred charges and accrued income | 490/1 | €1,312 | €3,127 | +€1,815 | +138.3% |
| Total equity and liabilities | 10/49 | €1,308,396 | €1,914,097 | +€605,701 | +46.3% |
| Equity | 10/15 | €839,303 | €982,872 | +€143,569 | +17.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €820,703 | €964,272 | +€143,569 | +17.5% |
| Distributable reserves | 133 | €820,703 | €964,272 | +€143,569 | +17.5% |
| Amounts payable | 17/49 | €469,093 | €931,225 | +€462,132 | +98.5% |
| Amounts payable after more than one year | 17 | €103,184 | €583,697 | +€480,513 | +465.7% |
| Financial debts | 170/4 | €103,184 | €583,697 | +€480,513 | +465.7% |
| Amounts payable within one year | 42/48 | €365,909 | €347,528 | -€18,381 | -5.0% |
| Current portion of amounts payable after more than one year | 42 | €95,785 | €143,130 | +€47,345 | +49.4% |
| Trade debts | 44 | €26,695 | €55,591 | +€28,896 | +108.2% |
| Suppliers | 440/4 | €26,695 | €55,591 | +€28,896 | +108.2% |
| Taxes, remuneration and social security | 45 | €115,836 | €21,582 | -€94,254 | -81.4% |
| Taxes | 450/3 | €109,038 | €14,863 | -€94,175 | -86.4% |
| Remuneration and social security | 454/9 | €6,798 | €6,719 | -€79 | -1.2% |
| Other amounts payable | 47/48 | €127,594 | €127,226 | -€368 | -0.3% |
| Remuneration, social security and pensions | 62 | €30,317 | €71,827 | +€41,510 | +136.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €160,224 | €240,550 | +€80,326 | +50.1% |
| Other operating charges | 640/8 | €33,533 | €45,895 | +€12,362 | +36.9% |
| Gross operating margin | 9900 | €568,158 | €567,375 | -€783 | -0.1% |
| Operating profit (loss) | 9901 | €344,083 | €209,101 | -€134,982 | -39.2% |
| Financial income | 75/76B | €23 | €3,790 | +€3,767 | +16298.4% |
| Recurring financial income | 75 | €23 | €3,790 | +€3,767 | +16298.4% |
| Financial charges | 65/66B | €4,708 | €12,470 | +€7,762 | +164.9% |
| Recurring financial charges | 65 | €4,708 | €12,470 | +€7,762 | +164.9% |
| Profit (loss) for the period before taxes | 9903 | €339,398 | €200,421 | -€138,977 | -40.9% |
| Income taxes | 67/77 | €103,128 | €56,852 | -€46,276 | -44.9% |
| Profit (loss) for the period | 9904 | €236,270 | €143,569 | -€92,701 | -39.2% |
| Profit (loss) for the period to be appropriated | 9905 | €236,270 | €143,569 | -€92,701 | -39.2% |
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 3 October 2026 via checked.be.