TOKAT GROUP: 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.
TOKAT GROUP
Largest movements
- Tangible fixed assets +€14,885
up €14,885 (+105%), from €14,198 to €29,084
- Receivables within one year +€14,796
new in 2025: €14,796
of which Trade receivables: +€10,946
- Cash -€1,160
down €1,160 (-13.8%), from €8,407 to €7,247
mainly Investment in fixed assets (net) (-€24,406) and Receivables within one year (-€14,796)
- Other debts +€15,074
new in 2025: €15,074
- Debts after one year +€9,304
new in 2025: €9,304
- Current portion of long-term debt +€7,617
new in 2025: €7,617
- Tax, wage and social debts -€2,824
down €2,824 (-24.6%), from €11,488 to €8,664
of which Taxes: -€3,676
- Trade debts -€1,706
no longer reported in 2025 (was €1,706)
- Gross operating margin +€23,756
up €23,756, from -€9,805 to €13,951
- Depreciation +€3,732
up €3,732 (+64.5%), from €5,789 to €9,521
- Staff costs +€1,961
new in 2025: €1,961
- Taxes +€1,708
new in 2025: €1,708
- Financial income +€1,069
new in 2025: €1,069
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 | €22,605 | €51,180 | +€28,575 | +126% |
| Fixed assets | 21/28 | €14,198 | €29,084 | +€14,885 | +105% |
| Tangible fixed assets | 22/27 | €14,198 | €29,084 | +€14,885 | +105% |
| Furniture and vehicles | 24 | €14,198 | €29,084 | +€14,885 | +105% |
| Current assets | 29/58 | €8,407 | €22,097 | +€13,690 | +163% |
| Amounts receivable within one year | 40/41 | - | €14,796 | +€14,796 | |
| Trade receivables | 40 | - | €10,946 | +€10,946 | |
| Other amounts receivable | 41 | - | €3,850 | +€3,850 | |
| Cash at bank and in hand | 54/58 | €8,407 | €7,247 | -€1,160 | -13.8% |
| Deferred charges and accrued income | 490/1 | - | €54 | +€54 | |
| Total equity and liabilities | 10/49 | €22,605 | €51,180 | +€28,575 | +126% |
| Equity | 10/15 | €9,411 | €10,361 | +€950 | +10.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,686 | €20,686 | = | 0.0% |
| Distributable reserves | 133 | €20,686 | €20,686 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,274 | -€15,324 | +€950 | +5.8% |
| Amounts payable | 17/49 | €13,194 | €40,819 | +€27,624 | +209% |
| Amounts payable after more than one year | 17 | - | €9,304 | +€9,304 | |
| Financial debts | 170/4 | - | €9,304 | +€9,304 | |
| Amounts payable within one year | 42/48 | €13,194 | €31,354 | +€18,160 | +138% |
| Current portion of amounts payable after more than one year | 42 | - | €7,617 | +€7,617 | |
| Trade debts | 44 | €1,706 | - | -€1,706 | |
| Suppliers | 440/4 | €1,706 | - | -€1,706 | |
| Taxes, remuneration and social security | 45 | €11,488 | €8,664 | -€2,824 | -24.6% |
| Taxes | 450/3 | €11,488 | €7,812 | -€3,676 | -32.0% |
| Remuneration and social security | 454/9 | - | €852 | +€852 | |
| Other amounts payable | 47/48 | - | €15,074 | +€15,074 | |
| Accrued charges and deferred income | 492/3 | - | €161 | +€161 | |
| Remuneration, social security and pensions | 62 | - | €1,961 | +€1,961 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,789 | €9,521 | +€3,732 | +64.5% |
| Other operating charges | 640/8 | €296 | €379 | +€83 | +28.2% |
| Gross operating margin | 9900 | -€9,805 | €13,951 | +€23,756 | |
| Operating profit (loss) | 9901 | -€15,890 | €2,090 | +€17,980 | |
| Financial income | 75/76B | - | €1,069 | +€1,069 | |
| Recurring financial income | 75 | - | €1,069 | +€1,069 | |
| Financial charges | 65/66B | €385 | €501 | +€116 | +30.2% |
| Recurring financial charges | 65 | €385 | €501 | +€116 | +30.2% |
| Profit (loss) for the period before taxes | 9903 | -€16,274 | €2,658 | +€18,933 | |
| Income taxes | 67/77 | - | €1,708 | +€1,708 | |
| Profit (loss) for the period | 9904 | -€16,274 | €950 | +€17,225 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,274 | €950 | +€17,225 |
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.