TOECH: 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.
TOECH
Largest movements
- Receivables within one year +€191,753
up €191,753 (+285.6%), from €67,146 to €258,899
of which Trade receivables: +€113,355
- Current investments -€48,000
down €48,000 (-96.0%), from €50,000 to €2,000
- Tangible fixed assets -€23,413
down €23,413 (-3.0%), from €784,580 to €761,167
of which Land and buildings: -€21,772
- Reserves +€95,604
up €95,604 (+30.4%), from €314,856 to €410,459
- Tax, wage and social debts +€94,218
up €94,218 (+263.2%), from €35,791 to €130,009
of which Taxes: +€80,138
- Debts after one year -€38,695
down €38,695 (-7.4%), from €526,107 to €487,411
- Trade debts -€33,392
down €33,392 (-41.6%), from €80,277 to €46,884
- Accrued charges and deferred income +€24,793
new in 2025: €24,793
- Gross operating margin +€191,323
up €191,323 (+92.6%), from €206,665 to €397,988
- Staff costs +€28,827
up €28,827 (+14.7%), from €195,952 to €224,779
- Taxes +€25,336
new in 2025: €25,336
- Depreciation +€5,300
up €5,300 (+17.1%), from €30,908 to €36,208
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 | €1,025,048 | €1,156,803 | +€131,754 | +12.9% |
| Fixed assets | 21/28 | €784,580 | €761,167 | -€23,413 | -3.0% |
| Tangible fixed assets | 22/27 | €784,580 | €761,167 | -€23,413 | -3.0% |
| Land and buildings | 22 | €745,849 | €724,077 | -€21,772 | -2.9% |
| Plant, machinery and equipment | 23 | €21,771 | €16,518 | -€5,253 | -24.1% |
| Furniture and vehicles | 24 | €16,960 | €20,572 | +€3,612 | +21.3% |
| Current assets | 29/58 | €240,468 | €395,636 | +€155,168 | +64.5% |
| Amounts receivable within one year | 40/41 | €67,146 | €258,899 | +€191,753 | +285.6% |
| Trade receivables | 40 | €66,490 | €179,844 | +€113,355 | +170.5% |
| Other amounts receivable | 41 | €656 | €79,055 | +€78,399 | +11949.0% |
| Current investments | 50/53 | €50,000 | €2,000 | -€48,000 | -96.0% |
| Cash at bank and in hand | 54/58 | €123,322 | €132,208 | +€8,886 | +7.2% |
| Deferred charges and accrued income | 490/1 | - | €2,528 | +€2,528 | |
| Total equity and liabilities | 10/49 | €1,025,048 | €1,156,803 | +€131,754 | +12.9% |
| Equity | 10/15 | €333,406 | €429,009 | +€95,604 | +28.7% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €314,856 | €410,459 | +€95,604 | +30.4% |
| Distributable reserves | 133 | €314,856 | €410,459 | +€95,604 | +30.4% |
| Amounts payable | 17/49 | €691,643 | €727,793 | +€36,151 | +5.2% |
| Amounts payable after more than one year | 17 | €526,107 | €487,411 | -€38,695 | -7.4% |
| Financial debts | 170/4 | €526,107 | €487,411 | -€38,695 | -7.4% |
| Amounts payable within one year | 42/48 | €165,536 | €215,588 | +€50,053 | +30.2% |
| Current portion of amounts payable after more than one year | 42 | €37,686 | €38,695 | +€1,009 | +2.7% |
| Trade debts | 44 | €80,277 | €46,884 | -€33,392 | -41.6% |
| Suppliers | 440/4 | €80,277 | €46,884 | -€33,392 | -41.6% |
| Taxes, remuneration and social security | 45 | €35,791 | €130,009 | +€94,218 | +263.2% |
| Taxes | 450/3 | €20,150 | €100,288 | +€80,138 | +397.7% |
| Remuneration and social security | 454/9 | €15,641 | €29,721 | +€14,080 | +90.0% |
| Other amounts payable | 47/48 | €11,783 | - | -€11,783 | |
| Accrued charges and deferred income | 492/3 | - | €24,793 | +€24,793 | |
| Remuneration, social security and pensions | 62 | €195,952 | €224,779 | +€28,827 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,908 | €36,208 | +€5,300 | +17.1% |
| Other operating charges | 640/8 | €4,436 | €3,173 | -€1,263 | -28.5% |
| Gross operating margin | 9900 | €206,665 | €397,988 | +€191,323 | +92.6% |
| Operating profit (loss) | 9901 | -€24,631 | €133,828 | +€158,459 | |
| Financial income | 75/76B | - | €1,817 | +€1,817 | |
| Recurring financial income | 75 | - | €1,817 | +€1,817 | |
| Financial charges | 65/66B | €15,568 | €14,706 | -€862 | -5.5% |
| Recurring financial charges | 65 | €15,568 | €14,706 | -€862 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€40,199 | €120,940 | +€161,139 | |
| Income taxes | 67/77 | - | €25,336 | +€25,336 | |
| Profit (loss) for the period | 9904 | -€40,199 | €95,604 | +€135,803 | |
| Profit (loss) for the period to be appropriated | 9905 | -€40,199 | €95,604 | +€135,803 |
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 12 October 2026 via checked.be.