TOECOMST: 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.
TOECOMST
Largest movements
- Cash -€76,988
down €76,988 (-56.1%), from €137,246 to €60,258
mainly Contributions, distributions and other (-€80,530) and Other debts (-€62,930)
- Receivables within one year +€9,158
up €9,158 (+83.6%), from €10,950 to €20,108
of which Trade receivables: +€8,050
- Deferred charges and accrued income +€2,154
up €2,154 (+1431.7%), from €150 to €2,304
- Other debts -€62,930
down €62,930 (-46.4%), from €135,497 to €72,568
- Gross operating margin +€7,831
up €7,831 (+8.0%), from €98,265 to €106,096
- Taxes +€1,997
up €1,997 (+10.0%), from €19,895 to €21,892
- Financial charges +€1,205
up €1,205 (+579.0%), from €208 to €1,414
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 | €151,612 | €87,420 | -€64,192 | -42.3% |
| Fixed assets | 21/28 | €3,265 | €4,750 | +€1,484 | +45.5% |
| Tangible fixed assets | 22/27 | €3,265 | €4,750 | +€1,484 | +45.5% |
| Furniture and vehicles | 24 | €3,265 | €4,750 | +€1,484 | +45.5% |
| Current assets | 29/58 | €148,347 | €82,670 | -€65,676 | -44.3% |
| Amounts receivable within one year | 40/41 | €10,950 | €20,108 | +€9,158 | +83.6% |
| Trade receivables | 40 | €10,950 | €19,000 | +€8,050 | +73.5% |
| Other amounts receivable | 41 | €0 | €1,108 | +€1,108 | |
| Cash at bank and in hand | 54/58 | €137,246 | €60,258 | -€76,988 | -56.1% |
| Deferred charges and accrued income | 490/1 | €150 | €2,304 | +€2,154 | +1431.7% |
| Total equity and liabilities | 10/49 | €151,612 | €87,420 | -€64,192 | -42.3% |
| Equity | 10/15 | €3,082 | €3,000 | -€82 | -2.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €82 | €0 | -€82 | -100.0% |
| Amounts payable | 17/49 | €148,529 | €84,420 | -€64,110 | -43.2% |
| Amounts payable within one year | 42/48 | €148,529 | €84,420 | -€64,110 | -43.2% |
| Financial debts | 43 | €15 | €17 | +€2 | +13.3% |
| Credit institutions | 430/8 | €15 | €17 | +€2 | +13.3% |
| Trade debts | 44 | €2,956 | €1,726 | -€1,230 | -41.6% |
| Suppliers | 440/4 | €2,956 | €1,726 | -€1,230 | -41.6% |
| Taxes, remuneration and social security | 45 | €10,061 | €10,109 | +€48 | +0.5% |
| Taxes | 450/3 | €8,076 | €8,102 | +€26 | +0.3% |
| Remuneration and social security | 454/9 | €1,985 | €2,007 | +€22 | +1.1% |
| Other amounts payable | 47/48 | €135,497 | €72,568 | -€62,930 | -46.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,232 | €1,498 | +€266 | +21.6% |
| Other operating charges | 640/8 | €1,277 | €846 | -€432 | -33.8% |
| Gross operating margin | 9900 | €98,265 | €106,096 | +€7,831 | +8.0% |
| Operating profit (loss) | 9901 | €95,755 | €103,752 | +€7,996 | +8.4% |
| Financial income | 75/76B | €10 | €1 | -€9 | -85.3% |
| Recurring financial income | 75 | €10 | €1 | -€9 | -85.3% |
| Financial charges | 65/66B | €208 | €1,414 | +€1,205 | +579.0% |
| Recurring financial charges | 65 | €208 | €1,414 | +€1,205 | +579.0% |
| Profit (loss) for the period before taxes | 9903 | €95,557 | €102,340 | +€6,782 | +7.1% |
| Income taxes | 67/77 | €19,895 | €21,892 | +€1,997 | +10.0% |
| Profit (loss) for the period | 9904 | €75,663 | €80,448 | +€4,785 | +6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €75,663 | €80,448 | +€4,785 | +6.3% |
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 7 October 2026 via checked.be.