TOKAH: 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.
TOKAH
Largest movements
- Cash -€40,036
down €40,036 (-51.5%), from €77,762 to €37,726
mainly Investment in fixed assets (net) (-€30,975) and Other debts (-€27,674)
- Tangible fixed assets +€28,039
up €28,039 (+286.1%), from €9,802 to €37,840
of which Furniture and vehicles: +€28,479
- Receivables within one year +€15,273
up €15,273 (+37.7%), from €40,519 to €55,791
of which Other amounts receivable: +€14,270
- Reserves +€38,678
up €38,678 (+48.5%), from €79,818 to €118,496
- Other debts -€27,674
no longer reported in 2025 (was €27,674)
- Tax, wage and social debts -€6,815
down €6,815 (-44.3%), from €15,389 to €8,575
- Gross operating margin +€5,170
up €5,170 (+11.5%), from €45,030 to €50,200
- Financial income +€3,596
up €3,596 (+7272.5%), from €49 to €3,646
- Taxes +€1,571
up €1,571 (+17.2%), from €9,130 to €10,701
- Depreciation +€1,510
up €1,510 (+105.9%), from €1,426 to €2,936
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 | €128,082 | €131,853 | +€3,771 | +2.9% |
| Fixed assets | 21/28 | €9,802 | €37,840 | +€28,039 | +286.1% |
| Tangible fixed assets | 22/27 | €9,802 | €37,840 | +€28,039 | +286.1% |
| Furniture and vehicles | 24 | €6,188 | €34,667 | +€28,479 | +460.2% |
| Other tangible fixed assets | 26 | €3,614 | €3,174 | -€440 | -12.2% |
| Current assets | 29/58 | €118,281 | €94,013 | -€24,268 | -20.5% |
| Amounts receivable within one year | 40/41 | €40,519 | €55,791 | +€15,273 | +37.7% |
| Trade receivables | 40 | €14,243 | €15,246 | +€1,003 | +7.0% |
| Other amounts receivable | 41 | €26,275 | €40,545 | +€14,270 | +54.3% |
| Cash at bank and in hand | 54/58 | €77,762 | €37,726 | -€40,036 | -51.5% |
| Deferred charges and accrued income | 490/1 | - | €496 | +€496 | |
| Total equity and liabilities | 10/49 | €128,082 | €131,853 | +€3,771 | +2.9% |
| Equity | 10/15 | €82,818 | €121,496 | +€38,678 | +46.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €79,818 | €118,496 | +€38,678 | +48.5% |
| Distributable reserves | 133 | €79,818 | €118,496 | +€38,678 | +48.5% |
| Amounts payable | 17/49 | €45,265 | €10,358 | -€34,907 | -77.1% |
| Amounts payable within one year | 42/48 | €45,265 | €10,358 | -€34,907 | -77.1% |
| Trade debts | 44 | €2,202 | €1,783 | -€419 | -19.0% |
| Suppliers | 440/4 | €2,202 | €1,783 | -€419 | -19.0% |
| Taxes, remuneration and social security | 45 | €15,389 | €8,575 | -€6,815 | -44.3% |
| Taxes | 450/3 | €15,389 | €8,575 | -€6,815 | -44.3% |
| Other amounts payable | 47/48 | €27,674 | - | -€27,674 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,426 | €2,936 | +€1,510 | +105.9% |
| Other operating charges | 640/8 | €554 | €529 | -€25 | -4.5% |
| Gross operating margin | 9900 | €45,030 | €50,200 | +€5,170 | +11.5% |
| Operating profit (loss) | 9901 | €43,049 | €46,734 | +€3,685 | +8.6% |
| Financial income | 75/76B | €49 | €3,646 | +€3,596 | +7272.5% |
| Recurring financial income | 75 | €49 | €3,646 | +€3,596 | +7272.5% |
| Financial charges | 65/66B | €1,411 | €1,002 | -€410 | -29.0% |
| Recurring financial charges | 65 | €1,411 | €1,002 | -€410 | -29.0% |
| Profit (loss) for the period before taxes | 9903 | €41,688 | €49,379 | +€7,691 | +18.4% |
| Income taxes | 67/77 | €9,130 | €10,701 | +€1,571 | +17.2% |
| Profit (loss) for the period | 9904 | €32,558 | €38,678 | +€6,120 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €32,558 | €38,678 | +€6,120 | +18.8% |
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 10 October 2026 via checked.be.