TOLENCO: 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.
TOLENCO
Largest movements
- Cash +€242,804
up €242,804 (+26.0%), from €933,122 to €1.2m
mainly Net result for the year (+€201,331) and Depreciation (+€76,476)
- Tangible fixed assets -€76,476
down €76,476 (-10.8%), from €710,667 to €634,191
of which Land and buildings: -€76,476
- Reserves +€201,331
up €201,331 (+18.1%), from €1.1m to €1.3m
of which Distributable reserves: +€201,331
- Other debts -€50,502
down €50,502 (-10.8%), from €465,624 to €415,123
- Depreciation -€17,749
down €17,749 (-18.8%), from €94,225 to €76,476
- Gross operating margin -€15,748
down €15,748 (-3.6%), from €437,624 to €421,876
- Taxes +€15,034
up €15,034 (+27.5%), from €54,701 to €69,735
- Financial charges -€7,811
down €7,811 (-21.8%), from €35,908 to €28,096
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 | €1,694,097 | €1,846,844 | +€152,747 | +9.0% |
| Fixed assets | 21/28 | €710,667 | €634,191 | -€76,476 | -10.8% |
| Tangible fixed assets | 22/27 | €710,667 | €634,191 | -€76,476 | -10.8% |
| Land and buildings | 22 | €704,587 | €628,111 | -€76,476 | -10.9% |
| Furniture and vehicles | 24 | €6,080 | €6,080 | = | 0.0% |
| Current assets | 29/58 | €983,430 | €1,212,653 | +€229,223 | +23.3% |
| Amounts receivable within one year | 40/41 | €16,139 | - | -€16,139 | |
| Other amounts receivable | 41 | €16,139 | - | -€16,139 | |
| Cash at bank and in hand | 54/58 | €933,122 | €1,175,926 | +€242,804 | +26.0% |
| Deferred charges and accrued income | 490/1 | €34,169 | €36,727 | +€2,559 | +7.5% |
| Total equity and liabilities | 10/49 | €1,694,097 | €1,846,844 | +€152,747 | +9.0% |
| Equity | 10/15 | €1,210,228 | €1,411,559 | +€201,331 | +16.6% |
| Contributions | 10/11 | €100,248 | €100,248 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Contributions outside capital | 11 | €248 | €248 | = | 0.0% |
| Share premium | 1100/10 | €248 | €248 | = | 0.0% |
| Reserves | 13 | €1,109,980 | €1,311,311 | +€201,331 | +18.1% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Legal reserve | 130 | €10,000 | €10,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €127 | €127 | = | 0.0% |
| Distributable reserves | 133 | €1,099,853 | €1,301,184 | +€201,331 | +18.3% |
| Amounts payable | 17/49 | €483,869 | €435,286 | -€48,583 | -10.0% |
| Amounts payable within one year | 42/48 | €477,958 | €433,340 | -€44,618 | -9.3% |
| Trade debts | 44 | €7,834 | €3,983 | -€3,851 | -49.2% |
| Suppliers | 440/4 | €7,834 | €3,983 | -€3,851 | -49.2% |
| Taxes, remuneration and social security | 45 | €4,500 | €14,234 | +€9,735 | +216% |
| Taxes | 450/3 | €4,500 | €14,234 | +€9,735 | +216% |
| Other amounts payable | 47/48 | €465,624 | €415,123 | -€50,502 | -10.8% |
| Accrued charges and deferred income | 492/3 | €5,911 | €1,946 | -€3,965 | -67.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,225 | €76,476 | -€17,749 | -18.8% |
| Other operating charges | 640/8 | €44,472 | €46,238 | +€1,766 | +4.0% |
| Gross operating margin | 9900 | €437,624 | €421,876 | -€15,748 | -3.6% |
| Operating profit (loss) | 9901 | €298,927 | €299,162 | +€235 | +0.1% |
| Financial income | 75/76B | €2,380 | - | -€2,380 | |
| Recurring financial income | 75 | €2,380 | - | -€2,380 | |
| Financial charges | 65/66B | €35,908 | €28,096 | -€7,811 | -21.8% |
| Recurring financial charges | 65 | €35,908 | €28,096 | -€7,811 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €265,400 | €271,066 | +€5,666 | +2.1% |
| Income taxes | 67/77 | €54,701 | €69,735 | +€15,034 | +27.5% |
| Profit (loss) for the period | 9904 | €210,699 | €201,331 | -€9,368 | -4.4% |
| Profit (loss) for the period to be appropriated | 9905 | €210,699 | €201,331 | -€9,368 | -4.4% |
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 19 October 2026 via checked.be.