TOKU-E EU: 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.
What changed
TOKU-E EU
NACE 72.101, Research and development on biotechnology
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€495,641
2024 · -€220,528-€275,113
Equity
€85,759
2024 · €581,400-€495,641
Cash
€44,264
2024 · €58,765-€14,501
Balance sheet total
€4.2m
2024 · €3.9m+€307,203
Largest movements
Assets
- Receivables within one year +€498,060
up €498,060 (+77.6%), from €642,186 to €1.1m
of which Trade receivables: +€293,235
- Tangible fixed assets -€192,549
down €192,549 (-6.6%), from €2.9m to €2.7m
of which Land and buildings: -€108,158
- Stocks and contracts +€48,202
up €48,202 (+36.1%), from €133,683 to €181,885
Equity and liabilities
- Trade debts +€740,406
up €740,406 (+126%), from €586,783 to €1.3m
- Profit (loss) carried forward -€495,641
down €495,641 (-16.6%), from -€3.0m to -€3.5m
- Other debts +€324,858
up €324,858 (+45.5%), from €713,707 to €1.0m
- Debts after one year -€268,165
down €268,165 (-15.0%), from €1.8m to €1.5m
Income statement
- Staff costs +€178,510
up €178,510 (+18.8%), from €948,041 to €1.1m
- Gross operating margin -€70,503
down €70,503 (-6.7%), from €1.1m to €985,939
- Depreciation +€27,394
up €27,394 (+14.5%), from €189,006 to €216,400
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
-€220,528
Gross operating margin
-€70,503
Staff costs
-€178,510
Depreciation
-€27,394
Write-downs
-€3,899
Other operating charges
+€4,160
Other operating items
-€146
Financial income
+€3,004
Financial charges
+€94
Taxes
-€1,919
Result 2025
-€495,641
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€274,185
Investment
-€24,011
Financing
-€264,675
Cash 2024
€58,765
From operations (derived)
+€274,185
Net result for the year
-€495,641
Depreciation
+€216,400
Stocks and contracts
-€48,202
Receivables within one year
-€498,060
Deferred charges and accrued income
+€32,169
Trade debts
+€740,406
Tax, wage and social debts
+€21,052
Other debts
+€324,858
Accrued charges and deferred income
-€18,797
Investment (derived)
-€24,011
Investment in fixed assets (net)
-€24,011
Financing
-€264,675
Debts after one year
-€268,165
Current portion of long-term debt
+€3,489
Cash 2025
€44,264
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,896,170 | €4,203,373 | +€307,203 | +7.9% |
| Fixed assets | 21/28 | €2,946,982 | €2,754,592 | -€192,389 | -6.5% |
| Tangible fixed assets | 22/27 | €2,921,609 | €2,729,059 | -€192,549 | -6.6% |
| Land and buildings | 22 | €2,598,633 | €2,490,474 | -€108,158 | -4.2% |
| Plant, machinery and equipment | 23 | €252,761 | €200,995 | -€51,765 | -20.5% |
| Furniture and vehicles | 24 | €70,215 | €37,590 | -€32,626 | -46.5% |
| Financial fixed assets | 28 | €25,373 | €25,533 | +€160 | +0.6% |
| Current assets | 29/58 | €949,189 | €1,448,781 | +€499,592 | +52.6% |
| Stocks and contracts in progress | 3 | €133,683 | €181,885 | +€48,202 | +36.1% |
| Stocks | 30/36 | €133,683 | €181,885 | +€48,202 | +36.1% |
| Amounts receivable within one year | 40/41 | €642,186 | €1,140,247 | +€498,060 | +77.6% |
| Trade receivables | 40 | €589,471 | €882,706 | +€293,235 | +49.7% |
| Other amounts receivable | 41 | €52,715 | €257,540 | +€204,825 | +389% |
| Cash at bank and in hand | 54/58 | €58,765 | €44,264 | -€14,501 | -24.7% |
| Deferred charges and accrued income | 490/1 | €114,554 | €82,385 | -€32,169 | -28.1% |
| Total equity and liabilities | 10/49 | €3,896,170 | €4,203,373 | +€307,203 | +7.9% |
| Equity | 10/15 | €581,400 | €85,759 | -€495,641 | -85.2% |
| Contributions | 10/11 | €3,562,500 | €3,562,500 | = | 0.0% |
| Capital | 10 | €3,562,500 | €3,562,500 | = | 0.0% |
| Issued capital | 100 | €3,562,500 | €3,562,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,981,100 | -€3,476,741 | -€495,641 | -16.6% |
| Amounts payable | 17/49 | €3,314,770 | €4,117,614 | +€802,844 | +24.2% |
| Amounts payable after more than one year | 17 | €1,789,534 | €1,521,369 | -€268,165 | -15.0% |
| Financial debts | 170/4 | €1,789,534 | €1,521,369 | -€268,165 | -15.0% |
| Amounts payable within one year | 42/48 | €1,506,294 | €2,596,100 | +€1.1m | +72.4% |
| Current portion of amounts payable after more than one year | 42 | €114,675 | €118,165 | +€3,489 | +3.0% |
| Trade debts | 44 | €586,783 | €1,327,189 | +€740,406 | +126% |
| Suppliers | 440/4 | €586,783 | €1,327,189 | +€740,406 | +126% |
| Taxes, remuneration and social security | 45 | €91,129 | €112,181 | +€21,052 | +23.1% |
| Remuneration and social security | 454/9 | €91,129 | €112,181 | +€21,052 | +23.1% |
| Other amounts payable | 47/48 | €713,707 | €1,038,565 | +€324,858 | +45.5% |
| Accrued charges and deferred income | 492/3 | €18,943 | €146 | -€18,797 | -99.2% |
| Non-recurring operating income | 76A | €3,828 | - | -€3,828 | |
| Remuneration, social security and pensions | 62 | €948,041 | €1,126,552 | +€178,510 | +18.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €189,006 | €216,400 | +€27,394 | +14.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€3,899 | - | +€3,899 | |
| Other operating charges | 640/8 | €29,583 | €25,423 | -€4,160 | -14.1% |
| Non-recurring operating charges | 66A | - | €146 | +€146 | |
| Gross operating margin | 9900 | €1,056,443 | €985,939 | -€70,503 | -6.7% |
| Operating profit (loss) | 9901 | -€106,289 | -€382,581 | -€276,292 | -260% |
| Financial income | 75/76B | €22 | €3,026 | +€3,004 | +13,624% |
| Recurring financial income | 75 | €22 | €3,026 | +€3,004 | +13,624% |
| Financial charges | 65/66B | €112,722 | €112,627 | -€94 | -0.1% |
| Recurring financial charges | 65 | €112,722 | €112,627 | -€94 | -0.1% |
| Profit (loss) for the period before taxes | 9903 | -€218,988 | -€492,182 | -€273,194 | -125% |
| Income taxes | 67/77 | €1,540 | €3,459 | +€1,919 | +125% |
| Profit (loss) for the period | 9904 | -€220,528 | -€495,641 | -€275,113 | -125% |
| Profit (loss) for the period to be appropriated | 9905 | -€220,528 | -€495,641 | -€275,113 | -125% |
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 15 October 2026 via checked.be.