TOLEJA: 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.
TOLEJA
Largest movements
- Tangible fixed assets -€32,599
down €32,599 (-2.9%), from €1.1m to €1.1m
of which Land and buildings: -€26,608
- Cash +€24,337
up €24,337 (+38.2%), from €63,689 to €88,026
mainly Depreciation (+€38,343) and Other debts (+€3,275)
- Profit (loss) carried forward +€17,757
up €17,757 (+19.9%), from €89,082 to €106,839
- Reserves -€15,976
down €15,976 (-3.3%), from €486,681 to €470,705
of which Tax-exempt reserves: -€15,976
- Debts after one year -€13,263
down €13,263 (-4.7%), from €283,059 to €269,796
of which Financial debts: -€13,263
- Gross operating margin -€7,273
down €7,273 (-10.0%), from €73,074 to €65,801
- Taxes -€1,535
down €1,535 (-16.3%), from €9,388 to €7,853
- Financial charges -€1,137
down €1,137 (-7.5%), from €15,082 to €13,944
- Depreciation +€814
up €814 (+2.2%), from €37,529 to €38,343
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 | €1,237,403 | €1,226,181 | -€11,222 | -0.9% |
| Fixed assets | 21/28 | €1,142,930 | €1,110,332 | -€32,599 | -2.9% |
| Tangible fixed assets | 22/27 | €1,142,915 | €1,110,317 | -€32,599 | -2.9% |
| Land and buildings | 22 | €1,126,681 | €1,100,072 | -€26,608 | -2.4% |
| Plant, machinery and equipment | 23 | €617 | €391 | -€226 | -36.7% |
| Furniture and vehicles | 24 | €15,617 | €9,854 | -€5,764 | -36.9% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €94,473 | €115,849 | +€21,377 | +22.6% |
| Amounts receivable within one year | 40/41 | €14,654 | €12,014 | -€2,640 | -18.0% |
| Trade receivables | 40 | €6,655 | €6,655 | = | 0.0% |
| Other amounts receivable | 41 | €7,999 | €5,359 | -€2,640 | -33.0% |
| Current investments | 50/53 | €13,823 | €13,823 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €63,689 | €88,026 | +€24,337 | +38.2% |
| Deferred charges and accrued income | 490/1 | €2,307 | €1,986 | -€321 | -13.9% |
| Total equity and liabilities | 10/49 | €1,237,403 | €1,226,181 | -€11,222 | -0.9% |
| Equity | 10/15 | €595,762 | €597,544 | +€1,782 | +0.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €486,681 | €470,705 | -€15,976 | -3.3% |
| Tax-exempt reserves | 132 | €401,013 | €385,037 | -€15,976 | -4.0% |
| Distributable reserves | 133 | €85,668 | €85,668 | = | 0.0% |
| Profit (loss) carried forward | 14 | €89,082 | €106,839 | +€17,757 | +19.9% |
| Provisions and deferred taxes | 16 | €133,671 | €128,346 | -€5,325 | -4.0% |
| Deferred taxes | 168 | €133,671 | €128,346 | -€5,325 | -4.0% |
| Amounts payable | 17/49 | €507,970 | €500,291 | -€7,678 | -1.5% |
| Amounts payable after more than one year | 17 | €283,059 | €269,796 | -€13,263 | -4.7% |
| Financial debts | 170/4 | €269,236 | €255,973 | -€13,263 | -4.9% |
| Other amounts payable | 178/9 | €13,823 | €13,823 | = | 0.0% |
| Amounts payable within one year | 42/48 | €220,034 | €224,136 | +€4,101 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €13,056 | €13,263 | +€207 | +1.6% |
| Trade debts | 44 | €2,341 | €4,123 | +€1,782 | +76.1% |
| Suppliers | 440/4 | €2,341 | €4,123 | +€1,782 | +76.1% |
| Taxes, remuneration and social security | 45 | €4,292 | €3,129 | -€1,163 | -27.1% |
| Taxes | 450/3 | €4,292 | €3,129 | -€1,163 | -27.1% |
| Other amounts payable | 47/48 | €200,345 | €203,620 | +€3,275 | +1.6% |
| Accrued charges and deferred income | 492/3 | €4,877 | €6,360 | +€1,483 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,529 | €38,343 | +€814 | +2.2% |
| Other operating charges | 640/8 | €9,268 | €9,500 | +€232 | +2.5% |
| Gross operating margin | 9900 | €73,074 | €65,801 | -€7,273 | -10.0% |
| Operating profit (loss) | 9901 | €26,277 | €17,958 | -€8,319 | -31.7% |
| Financial income | 75/76B | €4 | €296 | +€292 | +7,120% |
| Recurring financial income | 75 | €4 | €296 | +€292 | +7,120% |
| Financial charges | 65/66B | €15,082 | €13,944 | -€1,137 | -7.5% |
| Recurring financial charges | 65 | €15,082 | €13,944 | -€1,137 | -7.5% |
| Profit (loss) for the period before taxes | 9903 | €11,200 | €4,310 | -€6,890 | -61.5% |
| Transfer from deferred taxes | 780 | €5,325 | €5,325 | = | 0.0% |
| Income taxes | 67/77 | €9,388 | €7,853 | -€1,535 | -16.3% |
| Profit (loss) for the period | 9904 | €7,137 | €1,782 | -€5,355 | -75.0% |
| Transfer from tax-exempt reserves | 789 | €15,976 | €15,976 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €23,113 | €17,757 | -€5,355 | -23.2% |
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 20 October 2026 via checked.be.