TOKAIDO: 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.
TOKAIDO
Largest movements
- Cash +€219,291
up €219,291 (+315.6%), from €69,487 to €288,778
mainly Trade debts (+€157,647) and Net result for the year (+€92,222)
- Stocks and contracts +€95,236
up €95,236 (+20.6%), from €463,069 to €558,305
- Receivables within one year -€70,194
down €70,194 (-41.7%), from €168,460 to €98,266
of which Trade receivables: -€75,214
- Trade debts +€157,647
up €157,647 (+44.2%), from €356,939 to €514,587
- Profit (loss) carried forward +€92,222
up €92,222 (+46.7%), from €197,275 to €289,497
- Accrued charges and deferred income -€31,612
down €31,612 (-23.3%), from €135,647 to €104,035
- Tax, wage and social debts +€31,588
up €31,588 (+308.7%), from €10,232 to €41,820
- Gross operating margin +€93,184
up €93,184 (+264.6%), from €35,217 to €128,401
- Taxes +€25,412
up €25,412 (+273.5%), from €9,291 to €34,703
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 | €708,153 | €957,999 | +€249,846 | +35.3% |
| Current assets | 29/58 | €708,153 | €957,999 | +€249,846 | +35.3% |
| Stocks and contracts in progress | 3 | €463,069 | €558,305 | +€95,236 | +20.6% |
| Stocks | 30/36 | €463,069 | €558,305 | +€95,236 | +20.6% |
| Amounts receivable within one year | 40/41 | €168,460 | €98,266 | -€70,194 | -41.7% |
| Trade receivables | 40 | €95,762 | €20,548 | -€75,214 | -78.5% |
| Other amounts receivable | 41 | €72,698 | €77,718 | +€5,021 | +6.9% |
| Cash at bank and in hand | 54/58 | €69,487 | €288,778 | +€219,291 | +315.6% |
| Deferred charges and accrued income | 490/1 | €7,137 | €12,649 | +€5,512 | +77.2% |
| Total equity and liabilities | 10/49 | €708,153 | €957,999 | +€249,846 | +35.3% |
| Equity | 10/15 | €205,335 | €297,557 | +€92,222 | +44.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €197,275 | €289,497 | +€92,222 | +46.7% |
| Amounts payable | 17/49 | €502,818 | €660,441 | +€157,624 | +31.3% |
| Amounts payable within one year | 42/48 | €367,171 | €556,406 | +€189,235 | +51.5% |
| Trade debts | 44 | €356,939 | €514,587 | +€157,647 | +44.2% |
| Suppliers | 440/4 | €356,939 | €514,587 | +€157,647 | +44.2% |
| Taxes, remuneration and social security | 45 | €10,232 | €41,820 | +€31,588 | +308.7% |
| Taxes | 450/3 | €10,232 | €41,820 | +€31,588 | +308.7% |
| Accrued charges and deferred income | 492/3 | €135,647 | €104,035 | -€31,612 | -23.3% |
| Other operating charges | 640/8 | €118 | €1,242 | +€1,124 | +952.6% |
| Gross operating margin | 9900 | €35,217 | €128,401 | +€93,184 | +264.6% |
| Operating profit (loss) | 9901 | €35,099 | €127,159 | +€92,060 | +262.3% |
| Financial charges | 65/66B | €853 | €233 | -€619 | -72.6% |
| Recurring financial charges | 65 | €853 | €233 | -€619 | -72.6% |
| Profit (loss) for the period before taxes | 9903 | €34,247 | €126,926 | +€92,679 | +270.6% |
| Income taxes | 67/77 | €9,291 | €34,703 | +€25,412 | +273.5% |
| Profit (loss) for the period | 9904 | €24,955 | €92,222 | +€67,267 | +269.6% |
| Profit (loss) for the period to be appropriated | 9905 | €24,955 | €92,222 | +€67,267 | +269.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.