TOELAN: 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.
TOELAN
Largest movements
- Receivables within one year +€23,261
up €23,261 (+14.0%), from €166,090 to €189,351
of which Trade receivables: +€12,855
- Tangible fixed assets -€20,920
down €20,920 (-3.3%), from €635,219 to €614,299
of which Plant, machinery and equipment: -€10,495
- Deferred charges and accrued income -€12,888
down €12,888 (-93.7%), from €13,758 to €870
- Debts after one year -€34,703
down €34,703 (-6.1%), from €570,991 to €536,287
- Profit (loss) carried forward +€29,662
up €29,662 (+14.9%), from €199,724 to €229,386
- Gross operating margin -€13,821
down €13,821 (-18.1%), from €76,160 to €62,339
- Financial charges -€7,586
down €7,586 (-51.2%), from €14,806 to €7,220
- Depreciation -€5,378
down €5,378 (-20.1%), from €26,794 to €21,416
- Financial income -€2,336
down €2,336 (-21.9%), from €10,661 to €8,325
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 | €835,418 | €829,727 | -€5,692 | -0.7% |
| Fixed assets | 21/28 | €635,219 | €614,299 | -€20,920 | -3.3% |
| Tangible fixed assets | 22/27 | €635,219 | €614,299 | -€20,920 | -3.3% |
| Land and buildings | 22 | €493,439 | €483,483 | -€9,956 | -2.0% |
| Plant, machinery and equipment | 23 | €139,438 | €128,943 | -€10,495 | -7.5% |
| Furniture and vehicles | 24 | €2,342 | €1,872 | -€470 | -20.1% |
| Current assets | 29/58 | €200,199 | €215,428 | +€15,229 | +7.6% |
| Amounts receivable within one year | 40/41 | €166,090 | €189,351 | +€23,261 | +14.0% |
| Trade receivables | 40 | €15,358 | €28,213 | +€12,855 | +83.7% |
| Other amounts receivable | 41 | €150,732 | €161,138 | +€10,406 | +6.9% |
| Cash at bank and in hand | 54/58 | €20,351 | €25,207 | +€4,856 | +23.9% |
| Deferred charges and accrued income | 490/1 | €13,758 | €870 | -€12,888 | -93.7% |
| Total equity and liabilities | 10/49 | €835,418 | €829,727 | -€5,692 | -0.7% |
| Equity | 10/15 | €220,184 | €249,846 | +€29,662 | +13.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €199,724 | €229,386 | +€29,662 | +14.9% |
| Amounts payable | 17/49 | €615,234 | €579,881 | -€35,353 | -5.7% |
| Amounts payable after more than one year | 17 | €570,991 | €536,287 | -€34,703 | -6.1% |
| Financial debts | 170/4 | €570,991 | €536,287 | -€34,703 | -6.1% |
| Amounts payable within one year | 42/48 | €42,946 | €42,273 | -€673 | -1.6% |
| Current portion of amounts payable after more than one year | 42 | €37,401 | €37,703 | +€302 | +0.8% |
| Trade debts | 44 | €216 | €609 | +€394 | +183% |
| Suppliers | 440/4 | €216 | €609 | +€394 | +183% |
| Taxes, remuneration and social security | 45 | €5,329 | €3,961 | -€1,369 | -25.7% |
| Taxes | 450/3 | €5,329 | €3,961 | -€1,369 | -25.7% |
| Accrued charges and deferred income | 492/3 | €1,298 | €1,321 | +€23 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,794 | €21,416 | -€5,378 | -20.1% |
| Other operating charges | 640/8 | €3,342 | €3,451 | +€110 | +3.3% |
| Gross operating margin | 9900 | €76,160 | €62,339 | -€13,821 | -18.1% |
| Operating profit (loss) | 9901 | €46,024 | €37,472 | -€8,552 | -18.6% |
| Financial income | 75/76B | €10,661 | €8,325 | -€2,336 | -21.9% |
| Recurring financial income | 75 | €10,661 | €8,325 | -€2,336 | -21.9% |
| Financial charges | 65/66B | €14,806 | €7,220 | -€7,586 | -51.2% |
| Recurring financial charges | 65 | €14,806 | €7,220 | -€7,586 | -51.2% |
| Profit (loss) for the period before taxes | 9903 | €41,880 | €38,578 | -€3,302 | -7.9% |
| Income taxes | 67/77 | €9,592 | €8,916 | -€676 | -7.0% |
| Profit (loss) for the period | 9904 | €32,288 | €29,662 | -€2,626 | -8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €32,288 | €29,662 | -€2,626 | -8.1% |
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 15 October 2026 via checked.be.