TOCOP: 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.
TOCOP
Largest movements
- Cash -€103,523
down €103,523 (-96.0%), from €107,828 to €4,305
mainly Contributions, distributions and other (-€112,282) and Smaller working-capital items (-€63)
- Receivables within one year -€2,827
down €2,827 (-25.3%), from €11,172 to €8,346
of which Other amounts receivable: -€2,950
- Tangible fixed assets -€1,453
down €1,453 (-38.9%), from €3,731 to €2,278
of which Furniture and vehicles: -€1,453
- Contributions -€90,000
down €90,000 (-90.0%), from €100,000 to €10,000
of which Capital: -€100,000
- Reserves -€21,000
no longer reported in 2025 (was €21,000)
of which Distributable reserves: -€11,000
- Trade debts +€2,112
up €2,112 (+339.5%), from €622 to €2,735
- Gross operating margin +€17,437
up €17,437, from -€10,600 to €6,837
- Financial charges -€5,420
down €5,420 (-90.8%), from €5,970 to €550
of which Non-recurring financial charges: -€5,000
- Write-downs +€650
no longer reported in 2025 (was -€650)
- Depreciation +€533
up €533 (+57.9%), from €920 to €1,453
- Other operating charges -€508
down €508 (-15.3%), from €3,331 to €2,823
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 | €124,141 | €16,398 | -€107,743 | -86.8% |
| Fixed assets | 21/28 | €3,731 | €2,278 | -€1,453 | -38.9% |
| Tangible fixed assets | 22/27 | €3,731 | €2,278 | -€1,453 | -38.9% |
| Land and buildings | 22 | €1 | €1 | = | 0.0% |
| Furniture and vehicles | 24 | €3,730 | €2,277 | -€1,453 | -39.0% |
| Current assets | 29/58 | €120,410 | €14,120 | -€106,290 | -88.3% |
| Amounts receivable within one year | 40/41 | €11,172 | €8,346 | -€2,827 | -25.3% |
| Trade receivables | 40 | €6,461 | €6,585 | +€124 | +1.9% |
| Other amounts receivable | 41 | €4,711 | €1,761 | -€2,950 | -62.6% |
| Cash at bank and in hand | 54/58 | €107,828 | €4,305 | -€103,523 | -96.0% |
| Deferred charges and accrued income | 490/1 | €1,410 | €1,470 | +€60 | +4.2% |
| Total equity and liabilities | 10/49 | €124,141 | €16,398 | -€107,743 | -86.8% |
| Equity | 10/15 | €122,282 | €11,494 | -€110,788 | -90.6% |
| Contributions | 10/11 | €100,000 | €10,000 | -€90,000 | -90.0% |
| Capital | 10 | €100,000 | - | -€100,000 | |
| Issued capital | 100 | €100,000 | - | -€100,000 | |
| Outside capital | 11 | - | €10,000 | +€10,000 | |
| Other | 1109/19 | - | €10,000 | +€10,000 | |
| Reserves | 13 | €21,000 | - | -€21,000 | |
| Non-distributable reserves | 130/1 | €10,000 | - | -€10,000 | |
| Legal reserve | 130 | €10,000 | - | -€10,000 | |
| Distributable reserves | 133 | €11,000 | - | -€11,000 | |
| Profit (loss) carried forward | 14 | €1,282 | €1,494 | +€212 | +16.5% |
| Amounts payable | 17/49 | €1,859 | €4,904 | +€3,045 | +163.8% |
| Amounts payable within one year | 42/48 | €1,859 | €4,904 | +€3,045 | +163.8% |
| Financial debts | 43 | - | €62 | +€62 | |
| Credit institutions | 430/8 | - | €62 | +€62 | |
| Trade debts | 44 | €622 | €2,735 | +€2,112 | +339.5% |
| Suppliers | 440/4 | €622 | €2,735 | +€2,112 | +339.5% |
| Taxes, remuneration and social security | 45 | €680 | €1,554 | +€874 | +128.6% |
| Taxes | 450/3 | €680 | €1,554 | +€874 | +128.6% |
| Other amounts payable | 47/48 | €557 | €553 | -€4 | -0.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €920 | €1,453 | +€533 | +57.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€650 | - | +€650 | |
| Other operating charges | 640/8 | €3,331 | €2,823 | -€508 | -15.3% |
| Non-recurring operating charges | 66A | - | €899 | +€899 | |
| Gross operating margin | 9900 | -€10,600 | €6,837 | +€17,437 | |
| Operating profit (loss) | 9901 | -€14,202 | €1,662 | +€15,864 | |
| Financial income | 75/76B | €304 | €381 | +€78 | +25.5% |
| Recurring financial income | 75 | €304 | €381 | +€78 | +25.5% |
| Financial charges | 65/66B | €5,970 | €550 | -€5,420 | -90.8% |
| Recurring financial charges | 65 | €970 | €550 | -€420 | -43.3% |
| Non-recurring financial charges | 66B | €5,000 | - | -€5,000 | |
| Profit (loss) for the period before taxes | 9903 | -€19,868 | €1,494 | +€21,362 | |
| Profit (loss) for the period | 9904 | -€19,868 | €1,494 | +€21,362 | |
| Profit (loss) for the period to be appropriated | 9905 | -€19,868 | €1,494 | +€21,362 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.