TOKAROS: what changed
Two fiscal 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.
TOKAROS
Largest movements
- Current investments -€99,897
down €99,897 (-78.4%), from €127,419 to €27,521
- Tangible fixed assets +€57,803
up €57,803 (+24.1%), from €239,784 to €297,587
of which Furniture and vehicles: +€55,819
- Cash +€12,181
up €12,181 (+47.4%), from €25,705 to €37,886
mainly Current investments (+€99,897) and Net result for the year (+€34,894)
- Receivables within one year +€4,775
up €4,775 (+78.8%), from €6,059 to €10,834
of which Trade receivables: +€7,713
- Other debts -€96,614
down €96,614 (-98.8%), from €97,817 to €1,203
- Profit (loss) carried forward +€34,894
up €34,894 (+22.9%), from €152,542 to €187,436
- Debts after one year +€27,199
new in 2025: €27,199
- Current portion of long-term debt +€9,649
new in 2025: €9,649
- Trade debts +€4,669
up €4,669 (+290.7%), from €1,606 to €6,276
- Gross operating margin +€38,774
up €38,774 (+124.7%), from €31,102 to €69,876
- Taxes +€8,023
up €8,023 (+161.7%), from €4,962 to €12,985
- Depreciation +€5,420
up €5,420 (+74.6%), from €7,268 to €12,688
- Financial income -€2,098
down €2,098 (-77.6%), from €2,704 to €606
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 | €437,628 | €412,762 | -€24,866 | -5.7% |
| Fixed assets | 21/28 | €239,784 | €297,587 | +€57,803 | +24.1% |
| Tangible fixed assets | 22/27 | €239,784 | €297,587 | +€57,803 | +24.1% |
| Land and buildings | 22 | €234,135 | €236,583 | +€2,448 | +1.0% |
| Plant, machinery and equipment | 23 | €1,120 | €657 | -€464 | -41.4% |
| Furniture and vehicles | 24 | €4,529 | €60,347 | +€55,819 | +1232.6% |
| Current assets | 29/58 | €197,844 | €115,175 | -€82,669 | -41.8% |
| Stocks and contracts in progress | 3 | €30,847 | €30,847 | = | 0.0% |
| Stocks | 30/36 | €30,847 | €30,847 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,059 | €10,834 | +€4,775 | +78.8% |
| Trade receivables | 40 | €624 | €8,337 | +€7,713 | +1235.3% |
| Other amounts receivable | 41 | €5,435 | €2,497 | -€2,938 | -54.1% |
| Current investments | 50/53 | €127,419 | €27,521 | -€99,897 | -78.4% |
| Cash at bank and in hand | 54/58 | €25,705 | €37,886 | +€12,181 | +47.4% |
| Deferred charges and accrued income | 490/1 | €7,815 | €8,087 | +€273 | +3.5% |
| Total equity and liabilities | 10/49 | €437,628 | €412,762 | -€24,866 | -5.7% |
| Equity | 10/15 | €329,954 | €364,848 | +€34,894 | +10.6% |
| Contributions | 10/11 | €75,011 | €75,011 | = | 0.0% |
| Capital | 10 | €75,011 | €75,011 | = | 0.0% |
| Issued capital | 100 | €75,011 | €75,011 | = | 0.0% |
| Reserves | 13 | €102,401 | €102,401 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,501 | €7,501 | = | 0.0% |
| Legal reserve | 130 | €7,501 | €7,501 | = | 0.0% |
| Distributable reserves | 133 | €94,900 | €94,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €152,542 | €187,436 | +€34,894 | +22.9% |
| Amounts payable | 17/49 | €107,674 | €47,915 | -€59,760 | -55.5% |
| Amounts payable after more than one year | 17 | - | €27,199 | +€27,199 | |
| Financial debts | 170/4 | - | €27,199 | +€27,199 | |
| Amounts payable within one year | 42/48 | €107,674 | €20,715 | -€86,959 | -80.8% |
| Current portion of amounts payable after more than one year | 42 | - | €9,649 | +€9,649 | |
| Trade debts | 44 | €1,606 | €6,276 | +€4,669 | +290.7% |
| Suppliers | 440/4 | €1,606 | €6,276 | +€4,669 | +290.7% |
| Taxes, remuneration and social security | 45 | €8,251 | €3,588 | -€4,663 | -56.5% |
| Taxes | 450/3 | €8,251 | €3,588 | -€4,663 | -56.5% |
| Other amounts payable | 47/48 | €97,817 | €1,203 | -€96,614 | -98.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,268 | €12,688 | +€5,420 | +74.6% |
| Other operating charges | 640/8 | €8,635 | €9,242 | +€607 | +7.0% |
| Gross operating margin | 9900 | €31,102 | €69,876 | +€38,774 | +124.7% |
| Operating profit (loss) | 9901 | €15,199 | €47,946 | +€32,747 | +215.5% |
| Financial income | 75/76B | €2,704 | €606 | -€2,098 | -77.6% |
| Recurring financial income | 75 | €2,704 | €606 | -€2,098 | -77.6% |
| Financial charges | 65/66B | €251 | €673 | +€421 | +167.6% |
| Recurring financial charges | 65 | €251 | €673 | +€421 | +167.6% |
| Profit (loss) for the period before taxes | 9903 | €17,651 | €47,878 | +€30,227 | +171.2% |
| Income taxes | 67/77 | €4,962 | €12,985 | +€8,023 | +161.7% |
| Profit (loss) for the period | 9904 | €12,689 | €34,894 | +€22,204 | +175.0% |
| Profit (loss) for the period to be appropriated | 9905 | €12,689 | €34,894 | +€22,204 | +175.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.