TOKAPI - INVEST: 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 - INVEST
Largest movements
- Cash +€31,062
up €31,062 (+165%), from €18,784 to €49,846
mainly Net result for the year (+€17,292) and Depreciation (+€16,145)
- Tangible fixed assets -€16,145
down €16,145 (-9.8%), from €164,164 to €148,019
of which Furniture and vehicles: -€14,580
- Other debts +€15,360
new in 2025: €15,360
- Gross operating margin -€110,182
down €110,182 (-66.1%), from €166,743 to €56,560
- Financial income -€16,779
down €16,779 (-61.2%), from €27,396 to €10,616
- Depreciation -€16,673
down €16,673 (-50.8%), from €32,818 to €16,145
- Taxes -€11,695
down €11,695 (-30.8%), from €38,031 to €26,336
- Other operating charges +€3,011
up €3,011 (+74.8%), from €4,027 to €7,038
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 | €632,207 | €646,398 | +€14,192 | +2.2% |
| Fixed assets | 21/28 | €164,164 | €148,019 | -€16,145 | -9.8% |
| Tangible fixed assets | 22/27 | €164,164 | €148,019 | -€16,145 | -9.8% |
| Land and buildings | 22 | €121,580 | €120,015 | -€1,565 | -1.3% |
| Furniture and vehicles | 24 | €42,584 | €28,005 | -€14,580 | -34.2% |
| Current assets | 29/58 | €468,043 | €498,379 | +€30,336 | +6.5% |
| Amounts receivable after more than one year | 29 | €265,000 | €265,000 | = | 0.0% |
| Other amounts receivable | 291 | €265,000 | €265,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €182,624 | €177,409 | -€5,215 | -2.9% |
| Trade receivables | 40 | €142,553 | €13,613 | -€128,940 | -90.5% |
| Other amounts receivable | 41 | €40,071 | €163,796 | +€123,725 | +309% |
| Current investments | 50/53 | €278 | €0 | -€278 | -100% |
| Cash at bank and in hand | 54/58 | €18,784 | €49,846 | +€31,062 | +165% |
| Deferred charges and accrued income | 490/1 | €1,356 | €6,125 | +€4,768 | +352% |
| Total equity and liabilities | 10/49 | €632,207 | €646,398 | +€14,192 | +2.2% |
| Equity | 10/15 | €623,617 | €624,740 | +€1,123 | +0.2% |
| Contributions | 10/11 | €236,000 | €236,000 | = | 0.0% |
| Contributions outside capital | 11 | - | €236,000 | +€236,000 | |
| Other | 1109/19 | - | €236,000 | +€236,000 | |
| Reserves | 13 | €387,617 | €388,740 | +€1,123 | +0.3% |
| Non-distributable reserves | 130/1 | €23,600 | €23,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €23,600 | €23,600 | = | 0.0% |
| Distributable reserves | 133 | €364,017 | €365,140 | +€1,123 | +0.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €8,590 | €21,658 | +€13,069 | +152% |
| Amounts payable within one year | 42/48 | €8,590 | €21,658 | +€13,069 | +152% |
| Trade debts | 44 | €5,111 | €3,178 | -€1,933 | -37.8% |
| Suppliers | 440/4 | €5,111 | €3,178 | -€1,933 | -37.8% |
| Taxes, remuneration and social security | 45 | €3,479 | €3,120 | -€358 | -10.3% |
| Taxes | 450/3 | €3,479 | €3,120 | -€358 | -10.3% |
| Other amounts payable | 47/48 | - | €15,360 | +€15,360 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,818 | €16,145 | -€16,673 | -50.8% |
| Other operating charges | 640/8 | €4,027 | €7,038 | +€3,011 | +74.8% |
| Non-recurring operating charges | 66A | €5,843 | €0 | -€5,843 | -100% |
| Gross operating margin | 9900 | €166,743 | €56,560 | -€110,182 | -66.1% |
| Operating profit (loss) | 9901 | €124,054 | €33,377 | -€90,677 | -73.1% |
| Financial income | 75/76B | €27,396 | €10,616 | -€16,779 | -61.2% |
| Recurring financial income | 75 | €27,396 | €10,616 | -€16,779 | -61.2% |
| Financial charges | 65/66B | €212 | €365 | +€154 | +72.7% |
| Recurring financial charges | 65 | €212 | €365 | +€154 | +72.7% |
| Profit (loss) for the period before taxes | 9903 | €151,238 | €43,628 | -€107,610 | -71.2% |
| Income taxes | 67/77 | €38,031 | €26,336 | -€11,695 | -30.8% |
| Profit (loss) for the period | 9904 | €113,207 | €17,292 | -€95,915 | -84.7% |
| Profit (loss) for the period to be appropriated | 9905 | €113,207 | €17,292 | -€95,915 | -84.7% |
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 27 October 2026 via checked.be.