TOKEN: 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.
TOKEN
Largest movements
- Tangible fixed assets -€18,237
down €18,237 (-50.4%), from €36,220 to €17,982
- Cash +€7,547
up €7,547 (+32.6%), from €23,181 to €30,728
mainly Depreciation (+€18,237) and Net result for the year (+€6,537)
- Debts after one year -€18,000
no longer reported in 2025 (was €18,000)
- Profit (loss) carried forward +€6,537
up €6,537 (+33.7%), from €19,368 to €25,904
- Trade debts +€2,577
up €2,577 (+1649.3%), from €156 to €2,733
- Tax, wage and social debts -€1,821
down €1,821 (-13.6%), from €13,400 to €11,578
- Other debts +€784
up €784 (+28.7%), from €2,737 to €3,521
- Gross operating margin +€3,281
up €3,281 (+11.4%), from €28,845 to €32,126
- Financial charges -€361
down €361 (-16.9%), from €2,139 to €1,778
- Taxes -€357
down €357 (-7.3%), from €4,916 to €4,559
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 | €76,660 | €66,736 | -€9,924 | -12.9% |
| Fixed assets | 21/28 | €36,220 | €17,982 | -€18,237 | -50.4% |
| Tangible fixed assets | 22/27 | €36,220 | €17,982 | -€18,237 | -50.4% |
| Furniture and vehicles | 24 | €36,220 | €17,982 | -€18,237 | -50.4% |
| Current assets | 29/58 | €40,440 | €48,754 | +€8,313 | +20.6% |
| Amounts receivable within one year | 40/41 | €15,136 | €15,227 | +€91 | +0.6% |
| Trade receivables | 40 | €15,125 | €15,125 | = | 0.0% |
| Other amounts receivable | 41 | €11 | €102 | +€91 | +861.2% |
| Cash at bank and in hand | 54/58 | €23,181 | €30,728 | +€7,547 | +32.6% |
| Deferred charges and accrued income | 490/1 | €2,124 | €2,800 | +€676 | +31.8% |
| Total equity and liabilities | 10/49 | €76,660 | €66,736 | -€9,924 | -12.9% |
| Equity | 10/15 | €24,368 | €30,904 | +€6,537 | +26.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,368 | €25,904 | +€6,537 | +33.7% |
| Amounts payable | 17/49 | €52,293 | €35,832 | -€16,461 | -31.5% |
| Amounts payable after more than one year | 17 | €18,000 | - | -€18,000 | |
| Financial debts | 170/4 | €18,000 | - | -€18,000 | |
| Amounts payable within one year | 42/48 | €34,293 | €35,832 | +€1,539 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €18,000 | €18,000 | = | 0.0% |
| Trade debts | 44 | €156 | €2,733 | +€2,577 | +1649.3% |
| Suppliers | 440/4 | €156 | €2,733 | +€2,577 | +1649.3% |
| Taxes, remuneration and social security | 45 | €13,400 | €11,578 | -€1,821 | -13.6% |
| Taxes | 450/3 | €13,400 | €11,578 | -€1,821 | -13.6% |
| Other amounts payable | 47/48 | €2,737 | €3,521 | +€784 | +28.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,104 | €18,237 | +€133 | +0.7% |
| Other operating charges | 640/8 | €997 | €1,015 | +€18 | +1.8% |
| Gross operating margin | 9900 | €28,845 | €32,126 | +€3,281 | +11.4% |
| Operating profit (loss) | 9901 | €9,743 | €12,874 | +€3,130 | +32.1% |
| Financial income | 75/76B | €16 | - | -€16 | |
| Recurring financial income | 75 | €16 | - | -€16 | |
| Financial charges | 65/66B | €2,139 | €1,778 | -€361 | -16.9% |
| Recurring financial charges | 65 | €2,139 | €1,778 | -€361 | -16.9% |
| Profit (loss) for the period before taxes | 9903 | €7,620 | €11,096 | +€3,476 | +45.6% |
| Income taxes | 67/77 | €4,916 | €4,559 | -€357 | -7.3% |
| Profit (loss) for the period | 9904 | €2,704 | €6,537 | +€3,832 | +141.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,704 | €6,537 | +€3,832 | +141.7% |
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 3 October 2026 via checked.be.