TOKE: 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.
TOKE
Largest movements
- Current investments -€85,000
down €85,000 (-77.5%), from €109,730 to €24,730
- Cash +€30,812
up €30,812 (+28.2%), from €109,091 to €139,903
mainly Current investments (+€85,000) and Net result for the year (+€20,625)
- Tangible fixed assets -€11,753
down €11,753 (-18.5%), from €63,552 to €51,799
- Receivables within one year +€7,042
up €7,042 (+185.3%), from €3,801 to €10,844
of which Other amounts receivable: +€8,324
- Stocks and contracts -€6,265
down €6,265 (-4.8%), from €130,000 to €123,735
- Other debts -€21,105
down €21,105 (-96.0%), from €21,982 to €877
- Trade debts -€19,000
down €19,000 (-25.9%), from €73,454 to €54,455
- Tax, wage and social debts -€11,498
down €11,498 (-37.9%), from €30,360 to €18,862
of which Taxes: -€9,714
- Reserves -€10,954
down €10,954 (-4.1%), from €265,881 to €254,928
of which Distributable reserves: -€10,954
- Gross operating margin -€106,661
down €106,661 (-54.5%), from €195,661 to €89,000
- Taxes -€26,861
down €26,861 (-78.8%), from €34,094 to €7,233
- Staff costs -€14,268
down €14,268 (-22.7%), from €62,792 to €48,524
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €419,379 | €353,858 | -€65,521 | -15.6% |
| Fixed assets | 21/28 | €63,554 | €51,800 | -€11,753 | -18.5% |
| Tangible fixed assets | 22/27 | €63,552 | €51,799 | -€11,753 | -18.5% |
| Land and buildings | 22 | €1,410 | €1,057 | -€352 | -25.0% |
| Plant, machinery and equipment | 23 | €16,534 | €12,423 | -€4,110 | -24.9% |
| Furniture and vehicles | 24 | €5,100 | €3,245 | -€1,855 | -36.4% |
| Leasing and similar rights | 25 | €40,509 | €35,073 | -€5,435 | -13.4% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €355,826 | €302,058 | -€53,768 | -15.1% |
| Stocks and contracts in progress | 3 | €130,000 | €123,735 | -€6,265 | -4.8% |
| Stocks | 30/36 | €130,000 | €123,735 | -€6,265 | -4.8% |
| Amounts receivable within one year | 40/41 | €3,801 | €10,844 | +€7,042 | +185.3% |
| Trade receivables | 40 | €3,801 | €2,520 | -€1,282 | -33.7% |
| Other amounts receivable | 41 | - | €8,324 | +€8,324 | |
| Current investments | 50/53 | €109,730 | €24,730 | -€85,000 | -77.5% |
| Cash at bank and in hand | 54/58 | €109,091 | €139,903 | +€30,812 | +28.2% |
| Deferred charges and accrued income | 490/1 | €3,203 | €2,845 | -€358 | -11.2% |
| Total equity and liabilities | 10/49 | €419,379 | €353,858 | -€65,521 | -15.6% |
| Equity | 10/15 | €284,481 | €273,528 | -€10,954 | -3.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €265,881 | €254,928 | -€10,954 | -4.1% |
| 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 | €264,021 | €253,068 | -€10,954 | -4.1% |
| Amounts payable | 17/49 | €134,898 | €80,331 | -€54,568 | -40.5% |
| Amounts payable within one year | 42/48 | €125,796 | €74,193 | -€51,603 | -41.0% |
| Trade debts | 44 | €73,454 | €54,455 | -€19,000 | -25.9% |
| Suppliers | 440/4 | €73,454 | €54,455 | -€19,000 | -25.9% |
| Taxes, remuneration and social security | 45 | €30,360 | €18,862 | -€11,498 | -37.9% |
| Taxes | 450/3 | €21,827 | €12,113 | -€9,714 | -44.5% |
| Remuneration and social security | 454/9 | €8,532 | €6,748 | -€1,784 | -20.9% |
| Other amounts payable | 47/48 | €21,982 | €877 | -€21,105 | -96.0% |
| Accrued charges and deferred income | 492/3 | €9,103 | €6,138 | -€2,965 | -32.6% |
| Remuneration, social security and pensions | 62 | €62,792 | €48,524 | -€14,268 | -22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,437 | €11,753 | -€684 | -5.5% |
| Other operating charges | 640/8 | €803 | €1,107 | +€304 | +37.8% |
| Gross operating margin | 9900 | €195,661 | €89,000 | -€106,661 | -54.5% |
| Operating profit (loss) | 9901 | €119,628 | €27,616 | -€92,012 | -76.9% |
| Financial income | 75/76B | €916 | €2,288 | +€1,372 | +149.8% |
| Recurring financial income | 75 | €916 | €2,288 | +€1,372 | +149.8% |
| Financial charges | 65/66B | €2,352 | €2,045 | -€306 | -13.0% |
| Recurring financial charges | 65 | €2,352 | €2,045 | -€306 | -13.0% |
| Profit (loss) for the period before taxes | 9903 | €118,192 | €27,858 | -€90,334 | -76.4% |
| Income taxes | 67/77 | €34,094 | €7,233 | -€26,861 | -78.8% |
| Profit (loss) for the period | 9904 | €84,098 | €20,625 | -€63,473 | -75.5% |
| Profit (loss) for the period to be appropriated | 9905 | €84,098 | €20,625 | -€63,473 | -75.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.