TOGNOLLI: 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.
TOGNOLLI
Largest movements
- Current investments -€35,407
down €35,407 (-64.4%), from €55,012 to €19,605
- Receivables within one year +€26,619
up €26,619 (+4.9%), from €543,025 to €569,644
of which Other amounts receivable: +€26,619
- Tangible fixed assets +€15,905
up €15,905 (+3.1%), from €517,405 to €533,310
of which Furniture and vehicles: +€32,805
- Financial fixed assets -€15,000
down €15,000 (-10.2%), from €146,373 to €131,373
- Other debts -€62,169
down €62,169 (-23.9%), from €260,462 to €198,293
- Profit (loss) carried forward +€49,032
up €49,032 (+9.9%), from €496,192 to €545,224
- Debts after one year +€16,224
up €16,224 (+6.7%), from €241,822 to €258,046
- Gross operating margin +€37,469
up €37,469 (+119%), from €31,506 to €68,975
- Other operating charges +€36,409
up €36,409 (+331%), from €10,990 to €47,398
- Financial income -€14,645
down €14,645 (-17.7%), from €82,944 to €68,299
- Financial charges -€3,618
down €3,618 (-32.1%), from €11,256 to €7,638
- Taxes -€1,921
down €1,921 (-40.0%), from €4,799 to €2,878
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 | €1,284,573 | €1,273,034 | -€11,539 | -0.9% |
| Fixed assets | 21/28 | €663,777 | €664,682 | +€905 | +0.1% |
| Tangible fixed assets | 22/27 | €517,405 | €533,310 | +€15,905 | +3.1% |
| Land and buildings | 22 | €493,641 | €488,679 | -€4,961 | -1.0% |
| Plant, machinery and equipment | 23 | €23,764 | €11,825 | -€11,939 | -50.2% |
| Furniture and vehicles | 24 | €0 | €32,805 | +€32,805 | |
| Financial fixed assets | 28 | €146,373 | €131,373 | -€15,000 | -10.2% |
| Current assets | 29/58 | €620,795 | €608,351 | -€12,444 | -2.0% |
| Amounts receivable within one year | 40/41 | €543,025 | €569,644 | +€26,619 | +4.9% |
| Trade receivables | 40 | €94,527 | €94,527 | = | 0.0% |
| Other amounts receivable | 41 | €448,498 | €475,117 | +€26,619 | +5.9% |
| Current investments | 50/53 | €55,012 | €19,605 | -€35,407 | -64.4% |
| Cash at bank and in hand | 54/58 | €7,758 | €4,102 | -€3,656 | -47.1% |
| Deferred charges and accrued income | 490/1 | €15,000 | €15,000 | = | 0.0% |
| Total equity and liabilities | 10/49 | €1,284,573 | €1,273,034 | -€11,539 | -0.9% |
| Equity | 10/15 | €707,229 | €746,604 | +€39,375 | +5.6% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €186,248 | €176,590 | -€9,658 | -5.2% |
| Non-distributable reserves | 130/1 | €3,719 | €3,719 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,719 | €3,719 | = | 0.0% |
| Tax-exempt reserves | 132 | €147,529 | €137,871 | -€9,658 | -6.5% |
| Distributable reserves | 133 | €35,000 | €35,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €496,192 | €545,224 | +€49,032 | +9.9% |
| Provisions and deferred taxes | 16 | €27,091 | €23,872 | -€3,219 | -11.9% |
| Deferred taxes | 168 | €27,091 | €23,872 | -€3,219 | -11.9% |
| Amounts payable | 17/49 | €550,252 | €502,558 | -€47,695 | -8.7% |
| Amounts payable after more than one year | 17 | €241,822 | €258,046 | +€16,224 | +6.7% |
| Financial debts | 170/4 | €241,822 | €258,046 | +€16,224 | +6.7% |
| Amounts payable within one year | 42/48 | €308,431 | €244,512 | -€63,919 | -20.7% |
| Current portion of amounts payable after more than one year | 42 | €34,502 | €31,417 | -€3,084 | -8.9% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,963 | €5,297 | +€1,334 | +33.7% |
| Suppliers | 440/4 | €3,963 | €5,297 | +€1,334 | +33.7% |
| Taxes, remuneration and social security | 45 | €9,504 | €9,504 | = | 0.0% |
| Taxes | 450/3 | €8,842 | €8,842 | = | 0.0% |
| Remuneration and social security | 454/9 | €662 | €662 | = | 0.0% |
| Other amounts payable | 47/48 | €260,462 | €198,293 | -€62,169 | -23.9% |
| Non-recurring operating income | 76A | - | €20,000 | +€20,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,678 | €43,204 | -€474 | -1.1% |
| Other operating charges | 640/8 | €10,990 | €47,398 | +€36,409 | +331% |
| Gross operating margin | 9900 | €31,506 | €68,975 | +€37,469 | +119% |
| Operating profit (loss) | 9901 | -€23,162 | -€21,628 | +€1,535 | +6.6% |
| Financial income | 75/76B | €82,944 | €68,299 | -€14,645 | -17.7% |
| Recurring financial income | 75 | €82,944 | €68,299 | -€14,645 | -17.7% |
| Financial charges | 65/66B | €11,256 | €7,638 | -€3,618 | -32.1% |
| Recurring financial charges | 65 | €11,256 | €7,638 | -€3,618 | -32.1% |
| Profit (loss) for the period before taxes | 9903 | €48,525 | €39,033 | -€9,492 | -19.6% |
| Transfer from deferred taxes | 780 | €6,703 | €3,219 | -€3,483 | -52.0% |
| Income taxes | 67/77 | €4,799 | €2,878 | -€1,921 | -40.0% |
| Profit (loss) for the period | 9904 | €50,429 | €39,375 | -€11,055 | -21.9% |
| Transfer from tax-exempt reserves | 789 | €26,810 | €9,658 | -€17,153 | -64.0% |
| Profit (loss) for the period to be appropriated | 9905 | €77,240 | €49,032 | -€28,207 | -36.5% |
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.