Tolec: 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.
Tolec
Largest movements
- Receivables within one year -€76,989
down €76,989 (-43.0%), from €179,148 to €102,159
of which Trade receivables: -€116,454
- Cash +€70,146
up €70,146 (+1,769%), from €3,965 to €74,111
mainly Receivables within one year (+€76,989) and Net result for the year (+€11,646)
- Tangible fixed assets -€6,583
down €6,583 (-60.8%), from €10,820 to €4,237
of which Furniture and vehicles: -€6,312
- Deferred charges and accrued income -€2,285
no longer reported in 2025 (was €2,285)
- Debts after one year -€27,497
down €27,497 (-28.4%), from €96,980 to €69,482
- Profit (loss) carried forward +€11,646
up €11,646 (+60.6%), from -€19,213 to -€7,566
- Tax, wage and social debts +€3,243
up €3,243 (+67.4%), from €4,809 to €8,052
of which Taxes: +€3,088
- Trade debts -€2,991
down €2,991 (-21.7%), from €13,783 to €10,792
- Gross operating margin -€48,541
down €48,541 (-41.8%), from €116,176 to €67,635
- Staff costs -€44,071
down €44,071 (-61.0%), from €72,280 to €28,210
- Taxes +€21,121
up €21,121, from -€6,350 to €14,771
- Depreciation -€2,225
down €2,225 (-25.3%), from €8,809 to €6,583
- Financial charges +€1,339
up €1,339 (+21.5%), from €6,233 to €7,572
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €196,218 | €180,506 | -€15,711 | -8.0% |
| Fixed assets | 21/28 | €10,820 | €4,237 | -€6,583 | -60.8% |
| Tangible fixed assets | 22/27 | €10,820 | €4,237 | -€6,583 | -60.8% |
| Plant, machinery and equipment | 23 | €317 | €45 | -€272 | -85.7% |
| Furniture and vehicles | 24 | €10,503 | €4,192 | -€6,312 | -60.1% |
| Current assets | 29/58 | €185,398 | €176,270 | -€9,128 | -4.9% |
| Amounts receivable within one year | 40/41 | €179,148 | €102,159 | -€76,989 | -43.0% |
| Trade receivables | 40 | €131,954 | €15,500 | -€116,454 | -88.3% |
| Other amounts receivable | 41 | €47,194 | €86,659 | +€39,465 | +83.6% |
| Cash at bank and in hand | 54/58 | €3,965 | €74,111 | +€70,146 | +1,769% |
| Deferred charges and accrued income | 490/1 | €2,285 | - | -€2,285 | |
| Total equity and liabilities | 10/49 | €196,218 | €180,506 | -€15,711 | -8.0% |
| Equity | 10/15 | €53,035 | €64,682 | +€11,646 | +22.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €57,248 | €57,248 | = | 0.0% |
| Distributable reserves | 133 | €57,248 | €57,248 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,213 | -€7,566 | +€11,646 | +60.6% |
| Amounts payable | 17/49 | €143,182 | €115,825 | -€27,358 | -19.1% |
| Amounts payable after more than one year | 17 | €96,980 | €69,482 | -€27,497 | -28.4% |
| Financial debts | 170/4 | €96,980 | €69,482 | -€27,497 | -28.4% |
| Amounts payable within one year | 42/48 | €46,203 | €46,342 | +€140 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €27,610 | €27,497 | -€113 | -0.4% |
| Trade debts | 44 | €13,783 | €10,792 | -€2,991 | -21.7% |
| Suppliers | 440/4 | €13,783 | €10,792 | -€2,991 | -21.7% |
| Taxes, remuneration and social security | 45 | €4,809 | €8,052 | +€3,243 | +67.4% |
| Taxes | 450/3 | €2,809 | €5,898 | +€3,088 | +110% |
| Remuneration and social security | 454/9 | €2,000 | €2,155 | +€155 | +7.7% |
| Non-recurring operating income | 76A | €7,442 | €23,148 | +€15,706 | +211% |
| Remuneration, social security and pensions | 62 | €72,280 | €28,210 | -€44,071 | -61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,809 | €6,583 | -€2,225 | -25.3% |
| Other operating charges | 640/8 | €1,718 | €1,714 | -€5 | -0.3% |
| Gross operating margin | 9900 | €116,176 | €67,635 | -€48,541 | -41.8% |
| Operating profit (loss) | 9901 | €33,369 | €31,129 | -€2,240 | -6.7% |
| Financial income | 75/76B | €2,000 | €2,861 | +€861 | +43.1% |
| Recurring financial income | 75 | €2,000 | €2,861 | +€861 | +43.1% |
| Financial charges | 65/66B | €6,233 | €7,572 | +€1,339 | +21.5% |
| Recurring financial charges | 65 | €6,233 | €7,572 | +€1,339 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €29,136 | €26,418 | -€2,718 | -9.3% |
| Income taxes | 67/77 | -€6,350 | €14,771 | +€21,121 | |
| Profit (loss) for the period | 9904 | €35,485 | €11,646 | -€23,839 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €35,485 | €11,646 | -€23,839 | -67.2% |
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 16 October 2026 via checked.be.