TOKELA: 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.
What changed
TOKELA
NACE 56.111, Full-service restaurants
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€118,832
2024 · -€48,318-€70,514
Equity
-€149,201
2024 · -€30,370-€118,832
Cash
€97,684
2024 · €179,167-€81,483
Balance sheet total
€1.2m
2024 · €1.5m-€272,987
Largest movements
Assets
- Tangible fixed assets -€198,326
down €198,326 (-17.2%), from €1.2m to €952,833
of which Plant, machinery and equipment: -€178,471
- Cash -€81,483
down €81,483 (-45.5%), from €179,167 to €97,684
mainly Debts after one year (-€180,769) and Net result for the year (-€118,832)
Equity and liabilities
- Debts after one year -€180,769
down €180,769 (-21.4%), from €843,590 to €662,821
- Profit (loss) carried forward -€118,832
down €118,832 (-29.3%), from -€405,370 to -€524,201
- Short-term financial debts +€23,496
new in 2025: €23,496
Income statement
- Gross operating margin -€212,140
down €212,140 (-17.2%), from €1.2m to €1.0m
- Staff costs -€135,464
down €135,464 (-13.3%), from €1.0m to €880,991
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.
Result 2024
-€48,318
Gross operating margin
-€212,140
Staff costs
+€135,464
Depreciation
+€912
Other operating charges
-€173
Financial income
+€169
Financial charges
+€5,134
Taxes
+€120
Result 2025
-€118,832
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.
From operations
+€97,697
Investment
-€11,044
Financing
-€168,137
Cash 2024
€179,167
From operations (derived)
+€97,697
Net result for the year
-€118,832
Depreciation
+€202,852
Stocks and contracts
-€1,454
Receivables within one year
-€1,660
Deferred charges and accrued income
+€2,809
Trade debts
-€4,735
Tax, wage and social debts
+€14,605
Other debts
+€2,069
Accrued charges and deferred income
+€2,042
Investment (derived)
-€11,044
Investment in fixed assets (net)
-€2,977
Current investments
-€8,066
Financing
-€168,137
Debts after one year
-€180,769
Current portion of long-term debt
-€10,863
Short-term financial debts
+€23,496
Cash 2025
€97,684
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,496,805 | €1,223,818 | -€272,987 | -18.2% |
| Fixed assets | 21/28 | €1,191,410 | €991,535 | -€199,875 | -16.8% |
| Intangible fixed assets | 21 | €40,250 | €38,107 | -€2,143 | -5.3% |
| Tangible fixed assets | 22/27 | €1,151,159 | €952,833 | -€198,326 | -17.2% |
| Plant, machinery and equipment | 23 | €1,039,961 | €861,490 | -€178,471 | -17.2% |
| Furniture and vehicles | 24 | €111,198 | €91,343 | -€19,855 | -17.9% |
| Financial fixed assets | 28 | - | €595 | +€595 | |
| Current assets | 29/58 | €305,396 | €232,283 | -€73,112 | -23.9% |
| Stocks and contracts in progress | 3 | €19,062 | €20,516 | +€1,454 | +7.6% |
| Stocks | 30/36 | €19,062 | €20,516 | +€1,454 | +7.6% |
| Amounts receivable within one year | 40/41 | €71,166 | €72,826 | +€1,660 | +2.3% |
| Trade receivables | 40 | €68,076 | €67,992 | -€84 | -0.1% |
| Other amounts receivable | 41 | €3,089 | €4,833 | +€1,744 | +56.5% |
| Current investments | 50/53 | - | €8,066 | +€8,066 | |
| Cash at bank and in hand | 54/58 | €179,167 | €97,684 | -€81,483 | -45.5% |
| Deferred charges and accrued income | 490/1 | €36,001 | €33,192 | -€2,809 | -7.8% |
| Total equity and liabilities | 10/49 | €1,496,805 | €1,223,818 | -€272,987 | -18.2% |
| Equity | 10/15 | -€30,370 | -€149,201 | -€118,832 | -391.3% |
| Contributions | 10/11 | €375,000 | €375,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€405,370 | -€524,201 | -€118,832 | -29.3% |
| Amounts payable | 17/49 | €1,527,175 | €1,373,019 | -€154,156 | -10.1% |
| Amounts payable after more than one year | 17 | €843,590 | €662,821 | -€180,769 | -21.4% |
| Financial debts | 170/4 | €843,590 | €662,821 | -€180,769 | -21.4% |
| Amounts payable within one year | 42/48 | €681,517 | €706,088 | +€24,571 | +3.6% |
| Current portion of amounts payable after more than one year | 42 | €191,632 | €180,769 | -€10,863 | -5.7% |
| Financial debts | 43 | - | €23,496 | +€23,496 | |
| Credit institutions | 430/8 | - | €23,496 | +€23,496 | |
| Trade debts | 44 | €213,334 | €208,599 | -€4,735 | -2.2% |
| Suppliers | 440/4 | €213,334 | €208,599 | -€4,735 | -2.2% |
| Taxes, remuneration and social security | 45 | €113,149 | €127,754 | +€14,605 | +12.9% |
| Taxes | 450/3 | - | €3,242 | +€3,242 | |
| Remuneration and social security | 454/9 | €113,149 | €124,512 | +€11,363 | +10.0% |
| Other amounts payable | 47/48 | €163,402 | €165,470 | +€2,069 | +1.3% |
| Accrued charges and deferred income | 492/3 | €2,069 | €4,111 | +€2,042 | +98.7% |
| Non-recurring operating income | 76A | €190,618 | - | -€190,618 | |
| Remuneration, social security and pensions | 62 | €1,016,455 | €880,991 | -€135,464 | -13.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €203,765 | €202,852 | -€912 | -0.4% |
| Other operating charges | 640/8 | €4,889 | €5,061 | +€173 | +3.5% |
| Gross operating margin | 9900 | €1,233,721 | €1,021,582 | -€212,140 | -17.2% |
| Operating profit (loss) | 9901 | €8,612 | -€67,324 | -€75,936 | |
| Financial income | 75/76B | €22 | €191 | +€169 | +765.8% |
| Recurring financial income | 75 | €22 | €191 | +€169 | +765.8% |
| Financial charges | 65/66B | €56,792 | €51,659 | -€5,134 | -9.0% |
| Recurring financial charges | 65 | €56,792 | €51,659 | -€5,134 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | -€48,158 | -€118,791 | -€70,633 | -146.7% |
| Income taxes | 67/77 | €160 | €40 | -€120 | -74.9% |
| Profit (loss) for the period | 9904 | -€48,318 | -€118,832 | -€70,514 | -145.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€48,318 | -€118,832 | -€70,514 | -145.9% |
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 2 October 2026 via checked.be.