TOCS: 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.
TOCS
Largest movements
- Current investments -€50,471
down €50,471 (-35.0%), from €144,158 to €93,687
- Cash +€42,102
up €42,102 (+85.6%), from €49,161 to €91,263
mainly Current investments (+€50,471) and Net result for the year (+€13,158)
- Receivables within one year +€23,774
up €23,774 (+85.1%), from €27,923 to €51,697
of which Trade receivables: +€13,270
- Tangible fixed assets -€5,426
down €5,426 (-16.6%), from €32,697 to €27,271
of which Land and buildings: -€5,393
- Other debts +€8,096
up €8,096 (+570%), from €1,420 to €9,516
- Reserves +€3,744
up €3,744 (+1.7%), from €224,670 to €228,415
of which Distributable reserves: +€3,744
- Tax, wage and social debts -€3,590
down €3,590 (-39.3%), from €9,142 to €5,552
of which Taxes: -€1,990
- Gross operating margin -€14,462
down €14,462 (-35.8%), from €40,403 to €25,942
- Taxes -€4,039
down €4,039 (-43.1%), from €9,363 to €5,324
- Financial income -€685
down €685 (-49.2%), from €1,391 to €706
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 | €254,514 | €264,167 | +€9,653 | +3.8% |
| Fixed assets | 21/28 | €32,947 | €27,521 | -€5,426 | -16.5% |
| Tangible fixed assets | 22/27 | €32,697 | €27,271 | -€5,426 | -16.6% |
| Land and buildings | 22 | €30,576 | €25,183 | -€5,393 | -17.6% |
| Plant, machinery and equipment | 23 | - | €843 | +€843 | |
| Furniture and vehicles | 24 | €2,122 | €1,245 | -€876 | -41.3% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €221,567 | €236,646 | +€15,079 | +6.8% |
| Amounts receivable within one year | 40/41 | €27,923 | €51,697 | +€23,774 | +85.1% |
| Trade receivables | 40 | €27,923 | €41,192 | +€13,270 | +47.5% |
| Other amounts receivable | 41 | - | €10,504 | +€10,504 | |
| Current investments | 50/53 | €144,158 | €93,687 | -€50,471 | -35.0% |
| Cash at bank and in hand | 54/58 | €49,161 | €91,263 | +€42,102 | +85.6% |
| Deferred charges and accrued income | 490/1 | €325 | €0 | -€325 | -100% |
| Total equity and liabilities | 10/49 | €254,514 | €264,167 | +€9,653 | +3.8% |
| Equity | 10/15 | €243,262 | €247,007 | +€3,744 | +1.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €224,670 | €228,415 | +€3,744 | +1.7% |
| Non-distributable reserves | 130/1 | €24,359 | €24,359 | = | 0.0% |
| Reserves not available under the articles | 1311 | €24,359 | €24,359 | = | 0.0% |
| Distributable reserves | 133 | €200,311 | €204,055 | +€3,744 | +1.9% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €11,252 | €17,161 | +€5,909 | +52.5% |
| Amounts payable within one year | 42/48 | €10,876 | €15,573 | +€4,697 | +43.2% |
| Trade debts | 44 | €314 | €505 | +€191 | +60.8% |
| Suppliers | 440/4 | €314 | €505 | +€191 | +60.8% |
| Taxes, remuneration and social security | 45 | €9,142 | €5,552 | -€3,590 | -39.3% |
| Taxes | 450/3 | €7,542 | €5,552 | -€1,990 | -26.4% |
| Remuneration and social security | 454/9 | €1,600 | €0 | -€1,600 | -100% |
| Other amounts payable | 47/48 | €1,420 | €9,516 | +€8,096 | +570% |
| Accrued charges and deferred income | 492/3 | €376 | €1,588 | +€1,212 | +322% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,502 | €6,293 | -€208 | -3.2% |
| Other operating charges | 640/8 | €1,748 | €1,816 | +€68 | +3.9% |
| Gross operating margin | 9900 | €40,403 | €25,942 | -€14,462 | -35.8% |
| Operating profit (loss) | 9901 | €32,154 | €17,832 | -€14,322 | -44.5% |
| Financial income | 75/76B | €1,391 | €706 | -€685 | -49.2% |
| Recurring financial income | 75 | €1,391 | €706 | -€685 | -49.2% |
| Financial charges | 65/66B | €55 | €55 | +€0 | +0.5% |
| Recurring financial charges | 65 | €55 | €55 | +€0 | +0.5% |
| Profit (loss) for the period before taxes | 9903 | €33,490 | €18,483 | -€15,007 | -44.8% |
| Income taxes | 67/77 | €9,363 | €5,324 | -€4,039 | -43.1% |
| Profit (loss) for the period | 9904 | €24,126 | €13,158 | -€10,968 | -45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €24,126 | €13,158 | -€10,968 | -45.5% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.