TOKATI: 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.
TOKATI
Largest movements
- Cash +€305,541
up €305,541 (+144%), from €211,515 to €517,056
mainly Current investments (+€300,622) and Net result for the year (+€177,819)
- Current investments -€300,622
down €300,622 (-30.3%), from €991,592 to €690,970
- Tangible fixed assets +€43,077
up €43,077 (+40.9%), from €105,449 to €148,526
of which Land and buildings: +€50,406
- Receivables within one year -€30,309
down €30,309 (-44.8%), from €67,649 to €37,340
of which Other amounts receivable: -€20,007
- Reserves -€62,181
down €62,181 (-5.3%), from €1.2m to €1.1m
of which Distributable reserves: -€62,181
- Tax, wage and social debts +€47,847
up €47,847 (+238%), from €20,081 to €67,928
of which Taxes: +€41,508
- Debts after one year +€32,503
up €32,503 (+37.5%), from €86,593 to €119,096
- Staff costs -€29,827
down €29,827 (-28.1%), from €106,083 to €76,257
- Gross operating margin +€15,813
up €15,813 (+5.1%), from €307,428 to €323,240
- Taxes +€14,421
up €14,421 (+22.6%), from €63,741 to €78,162
- Financial charges -€9,315
down €9,315 (-61.1%), from €15,249 to €5,934
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 | €1,378,148 | €1,395,674 | +€17,526 | +1.3% |
| Fixed assets | 21/28 | €106,979 | €150,056 | +€43,077 | +40.3% |
| Tangible fixed assets | 22/27 | €105,449 | €148,526 | +€43,077 | +40.9% |
| Land and buildings | 22 | €91,684 | €142,090 | +€50,406 | +55.0% |
| Plant, machinery and equipment | 23 | €231 | €4,483 | +€4,252 | +1,843% |
| Furniture and vehicles | 24 | €13,535 | €1,953 | -€11,581 | -85.6% |
| Financial fixed assets | 28 | €1,530 | €1,530 | = | 0.0% |
| Current assets | 29/58 | €1,271,169 | €1,245,618 | -€25,550 | -2.0% |
| Amounts receivable within one year | 40/41 | €67,649 | €37,340 | -€30,309 | -44.8% |
| Trade receivables | 40 | €46,432 | €36,130 | -€10,302 | -22.2% |
| Other amounts receivable | 41 | €21,217 | €1,210 | -€20,007 | -94.3% |
| Current investments | 50/53 | €991,592 | €690,970 | -€300,622 | -30.3% |
| Cash at bank and in hand | 54/58 | €211,515 | €517,056 | +€305,541 | +144% |
| Deferred charges and accrued income | 490/1 | €412 | €253 | -€160 | -38.8% |
| Total equity and liabilities | 10/49 | €1,378,148 | €1,395,674 | +€17,526 | +1.3% |
| Equity | 10/15 | €1,228,892 | €1,166,711 | -€62,181 | -5.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,175,069 | €1,112,888 | -€62,181 | -5.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,173,209 | €1,111,028 | -€62,181 | -5.3% |
| Profit (loss) carried forward | 14 | €41,424 | €41,424 | = | 0.0% |
| Amounts payable | 17/49 | €149,256 | €228,963 | +€79,707 | +53.4% |
| Amounts payable after more than one year | 17 | €86,593 | €119,096 | +€32,503 | +37.5% |
| Financial debts | 170/4 | €86,593 | €119,096 | +€32,503 | +37.5% |
| Amounts payable within one year | 42/48 | €62,662 | €109,867 | +€47,205 | +75.3% |
| Current portion of amounts payable after more than one year | 42 | €13,065 | €15,204 | +€2,139 | +16.4% |
| Trade debts | 44 | €18,489 | €24,000 | +€5,511 | +29.8% |
| Suppliers | 440/4 | €18,489 | €24,000 | +€5,511 | +29.8% |
| Taxes, remuneration and social security | 45 | €20,081 | €67,928 | +€47,847 | +238% |
| Taxes | 450/3 | €12,341 | €53,849 | +€41,508 | +336% |
| Remuneration and social security | 454/9 | €7,740 | €14,080 | +€6,340 | +81.9% |
| Other amounts payable | 47/48 | €11,027 | €2,735 | -€8,292 | -75.2% |
| Non-recurring operating income | 76A | €35 | €60 | +€25 | +71.7% |
| Remuneration, social security and pensions | 62 | €106,083 | €76,257 | -€29,827 | -28.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,999 | €7,041 | +€42 | +0.6% |
| Other operating charges | 640/8 | €3,136 | €5,521 | +€2,385 | +76.1% |
| Gross operating margin | 9900 | €307,428 | €323,240 | +€15,813 | +5.1% |
| Operating profit (loss) | 9901 | €191,209 | €234,422 | +€43,212 | +22.6% |
| Financial income | 75/76B | €28,070 | €27,493 | -€577 | -2.1% |
| Recurring financial income | 75 | €28,070 | €27,493 | -€577 | -2.1% |
| Financial charges | 65/66B | €15,249 | €5,934 | -€9,315 | -61.1% |
| Recurring financial charges | 65 | €15,249 | €5,934 | -€9,315 | -61.1% |
| Profit (loss) for the period before taxes | 9903 | €204,031 | €255,981 | +€51,951 | +25.5% |
| Income taxes | 67/77 | €63,741 | €78,162 | +€14,421 | +22.6% |
| Profit (loss) for the period | 9904 | €140,290 | €177,819 | +€37,529 | +26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €140,290 | €177,819 | +€37,529 | +26.8% |
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 24 October 2026 via checked.be.