TOKAPI & Co: 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.
TOKAPI & Co
Largest movements
- Receivables after one year +€200,000
new in 2025: €200,000
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Cash +€141,256
up €141,256 (+1,153%), from €12,252 to €153,508
mainly Net result for the year (+€265,744) and Current investments (+€150,000)
- Receivables within one year +€20,190
up €20,190 (+9.0%), from €225,055 to €245,245
of which Other amounts receivable: +€37,126
- Tangible fixed assets +€9,859
up €9,859 (+26.9%), from €36,701 to €46,560
of which Other tangible fixed assets: +€21,703
- Profit (loss) carried forward +€265,744
up €265,744 (+110%), from €241,888 to €507,633
- Other debts -€26,204
no longer reported in 2025 (was €26,204)
- Trade debts -€17,186
down €17,186 (-44.6%), from €38,533 to €21,347
- Gross operating margin +€28,843
up €28,843 (+8.9%), from €323,434 to €352,277
- Taxes +€7,782
up €7,782 (+10.2%), from €76,334 to €84,116
- Financial income +€4,765
up €4,765 (+53.0%), from €8,994 to €13,759
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 | €475,759 | €697,064 | +€221,305 | +46.5% |
| Fixed assets | 21/28 | €86,701 | €96,560 | +€9,859 | +11.4% |
| Tangible fixed assets | 22/27 | €36,701 | €46,560 | +€9,859 | +26.9% |
| Furniture and vehicles | 24 | €30,438 | €18,594 | -€11,844 | -38.9% |
| Other tangible fixed assets | 26 | €6,264 | €27,966 | +€21,703 | +346% |
| Financial fixed assets | 28 | €50,000 | €50,000 | = | 0.0% |
| Current assets | 29/58 | €389,057 | €600,503 | +€211,446 | +54.3% |
| Amounts receivable after more than one year | 29 | - | €200,000 | +€200,000 | |
| Other amounts receivable | 291 | - | €200,000 | +€200,000 | |
| Amounts receivable within one year | 40/41 | €225,055 | €245,245 | +€20,190 | +9.0% |
| Trade receivables | 40 | €25,055 | €8,119 | -€16,936 | -67.6% |
| Other amounts receivable | 41 | €200,000 | €237,126 | +€37,126 | +18.6% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €12,252 | €153,508 | +€141,256 | +1,153% |
| Deferred charges and accrued income | 490/1 | €1,750 | €1,750 | = | 0.0% |
| Total equity and liabilities | 10/49 | €475,759 | €697,064 | +€221,305 | +46.5% |
| Equity | 10/15 | €373,945 | €639,689 | +€265,744 | +71.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €113,457 | €113,457 | = | 0.0% |
| Distributable reserves | 133 | €113,457 | €113,457 | = | 0.0% |
| Profit (loss) carried forward | 14 | €241,888 | €507,633 | +€265,744 | +110% |
| Amounts payable | 17/49 | €101,814 | €57,374 | -€44,440 | -43.6% |
| Amounts payable within one year | 42/48 | €98,314 | €53,874 | -€44,440 | -45.2% |
| Trade debts | 44 | €38,533 | €21,347 | -€17,186 | -44.6% |
| Suppliers | 440/4 | €38,533 | €21,347 | -€17,186 | -44.6% |
| Taxes, remuneration and social security | 45 | €33,577 | €32,527 | -€1,050 | -3.1% |
| Taxes | 450/3 | €31,627 | €30,577 | -€1,050 | -3.3% |
| Remuneration and social security | 454/9 | €1,950 | €1,950 | = | 0.0% |
| Other amounts payable | 47/48 | €26,204 | - | -€26,204 | |
| Accrued charges and deferred income | 492/3 | €3,500 | €3,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,851 | €14,966 | +€2,115 | +16.5% |
| Other operating charges | 640/8 | €1,022 | €786 | -€236 | -23.1% |
| Gross operating margin | 9900 | €323,434 | €352,277 | +€28,843 | +8.9% |
| Operating profit (loss) | 9901 | €309,561 | €336,525 | +€26,964 | +8.7% |
| Financial income | 75/76B | €8,994 | €13,759 | +€4,765 | +53.0% |
| Recurring financial income | 75 | €8,994 | €13,759 | +€4,765 | +53.0% |
| Financial charges | 65/66B | €332 | €424 | +€92 | +27.5% |
| Recurring financial charges | 65 | €332 | €424 | +€92 | +27.5% |
| Profit (loss) for the period before taxes | 9903 | €318,223 | €349,860 | +€31,638 | +9.9% |
| Income taxes | 67/77 | €76,334 | €84,116 | +€7,782 | +10.2% |
| Profit (loss) for the period | 9904 | €241,888 | €265,744 | +€23,856 | +9.9% |
| Profit (loss) for the period to be appropriated | 9905 | €241,888 | €265,744 | +€23,856 | +9.9% |
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 16 October 2026 via checked.be.