TOLAN: 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.
TOLAN
Largest movements
- Receivables after one year +€778,916
new in 2025: €778,916
- Receivables within one year +€624,323
up €624,323 (+24.8%), from €2.5m to €3.1m
of which Other amounts receivable: +€642,072
- Profit (loss) carried forward +€822,872
up €822,872 (+53.9%), from €1.5m to €2.3m
- Other debts +€658,133
up €658,133 (+33.3%), from €2.0m to €2.6m
- Debts after one year -€128,284
down €128,284 (-25.2%), from €508,917 to €380,632
- Tax, wage and social debts +€57,820
up €57,820 (+151.8%), from €38,078 to €95,898
- Financial income +€424,135
up €424,135 (+104.3%), from €406,624 to €830,759
- Gross operating margin -€71,339
down €71,339 (-47.0%), from €151,709 to €80,369
- Taxes -€6,356
down €6,356 (-10.7%), from €59,514 to €53,158
- Financial charges -€4,021
down €4,021 (-15.9%), from €25,283 to €21,261
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 | €4,189,727 | €5,607,125 | +€1.4m | +33.8% |
| Fixed assets | 21/28 | €1,647,757 | €1,639,597 | -€8,160 | -0.5% |
| Tangible fixed assets | 22/27 | €29,210 | €21,050 | -€8,160 | -27.9% |
| Plant, machinery and equipment | 23 | €773 | €1,106 | +€334 | +43.1% |
| Furniture and vehicles | 24 | €21,756 | €14,101 | -€7,655 | -35.2% |
| Other tangible fixed assets | 26 | €6,681 | €5,843 | -€838 | -12.5% |
| Financial fixed assets | 28 | €1,618,547 | €1,618,547 | = | 0.0% |
| Current assets | 29/58 | €2,541,969 | €3,967,527 | +€1.4m | +56.1% |
| Amounts receivable after more than one year | 29 | - | €778,916 | +€778,916 | |
| Other amounts receivable | 291 | - | €778,916 | +€778,916 | |
| Amounts receivable within one year | 40/41 | €2,517,011 | €3,141,335 | +€624,323 | +24.8% |
| Trade receivables | 40 | €40,293 | €22,544 | -€17,749 | -44.0% |
| Other amounts receivable | 41 | €2,476,718 | €3,118,791 | +€642,072 | +25.9% |
| Cash at bank and in hand | 54/58 | €24,391 | €46,692 | +€22,302 | +91.4% |
| Deferred charges and accrued income | 490/1 | €567 | €585 | +€17 | +3.0% |
| Total equity and liabilities | 10/49 | €4,189,727 | €5,607,125 | +€1.4m | +33.8% |
| Equity | 10/15 | €1,539,562 | €2,362,433 | +€822,872 | +53.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,850 | €1,850 | = | 0.0% |
| Distributable reserves | 133 | €1,850 | €1,850 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,525,312 | €2,348,183 | +€822,872 | +53.9% |
| Amounts payable | 17/49 | €2,650,165 | €3,244,691 | +€594,526 | +22.4% |
| Amounts payable after more than one year | 17 | €508,917 | €380,632 | -€128,284 | -25.2% |
| Financial debts | 170/4 | €508,917 | €380,632 | -€128,284 | -25.2% |
| Amounts payable within one year | 42/48 | €2,139,748 | €2,862,559 | +€722,811 | +33.8% |
| Current portion of amounts payable after more than one year | 42 | €124,059 | €128,285 | +€4,226 | +3.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €157 | €2,788 | +€2,631 | +1679.1% |
| Suppliers | 440/4 | €157 | €2,788 | +€2,631 | +1679.1% |
| Taxes, remuneration and social security | 45 | €38,078 | €95,898 | +€57,820 | +151.8% |
| Taxes | 450/3 | €38,078 | €95,898 | +€57,820 | +151.8% |
| Other amounts payable | 47/48 | €1,977,455 | €2,635,589 | +€658,133 | +33.3% |
| Accrued charges and deferred income | 492/3 | €1,500 | €1,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,287 | €12,490 | +€1,203 | +10.7% |
| Other operating charges | 640/8 | €1,353 | €1,347 | -€6 | -0.4% |
| Gross operating margin | 9900 | €151,709 | €80,369 | -€71,339 | -47.0% |
| Operating profit (loss) | 9901 | €139,068 | €66,532 | -€72,536 | -52.2% |
| Financial income | 75/76B | €406,624 | €830,759 | +€424,135 | +104.3% |
| Recurring financial income | 75 | €406,624 | €830,759 | +€424,135 | +104.3% |
| Financial charges | 65/66B | €25,283 | €21,261 | -€4,021 | -15.9% |
| Recurring financial charges | 65 | €25,283 | €21,261 | -€4,021 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €520,409 | €876,030 | +€355,621 | +68.3% |
| Income taxes | 67/77 | €59,514 | €53,158 | -€6,356 | -10.7% |
| Profit (loss) for the period | 9904 | €460,895 | €822,872 | +€361,976 | +78.5% |
| Profit (loss) for the period to be appropriated | 9905 | €460,895 | €822,872 | +€361,976 | +78.5% |
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 29 September 2026 via checked.be.