TOLGA: 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.
TOLGA
Largest movements
- Receivables within one year -€12,091
down €12,091 (-14.5%), from €83,524 to €71,434
of which Trade receivables: -€6,673
- Tangible fixed assets +€11,077
up €11,077 (+182%), from €6,095 to €17,172
of which Furniture and vehicles: +€10,818
- Cash -€5,218
down €5,218 (-85.9%), from €6,073 to €855
mainly Investment in fixed assets (net) (-€15,872) and Tax, wage and social debts (-€8,727)
- Reserves +€14,409
up €14,409 (+58.9%), from €24,444 to €38,853
- Tax, wage and social debts -€8,727
down €8,727 (-47.5%), from €18,365 to €9,638
- Other debts -€7,966
no longer reported in 2025 (was €7,966)
- Trade debts -€3,947
down €3,947 (-83.9%), from €4,706 to €759
- Gross operating margin -€21,287
down €21,287 (-47.5%), from €44,782 to €23,494
- Taxes -€3,880
down €3,880 (-47.4%), from €8,193 to €4,313
- Financial charges -€1,037
down €1,037 (-82.9%), from €1,251 to €214
of which Non-recurring financial charges: -€650
- Depreciation -€729
down €729 (-13.2%), from €5,524 to €4,795
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 | €95,692 | €89,460 | -€6,232 | -6.5% |
| Fixed assets | 21/28 | €6,095 | €17,172 | +€11,077 | +182% |
| Tangible fixed assets | 22/27 | €6,095 | €17,172 | +€11,077 | +182% |
| Plant, machinery and equipment | 23 | €2,593 | €2,852 | +€259 | +10.0% |
| Furniture and vehicles | 24 | €3,502 | €14,320 | +€10,818 | +309% |
| Current assets | 29/58 | €89,597 | €72,288 | -€17,309 | -19.3% |
| Amounts receivable within one year | 40/41 | €83,524 | €71,434 | -€12,091 | -14.5% |
| Trade receivables | 40 | €6,673 | - | -€6,673 | |
| Other amounts receivable | 41 | €76,851 | €71,434 | -€5,417 | -7.0% |
| Cash at bank and in hand | 54/58 | €6,073 | €855 | -€5,218 | -85.9% |
| Total equity and liabilities | 10/49 | €95,692 | €89,460 | -€6,232 | -6.5% |
| Equity | 10/15 | €64,655 | €79,063 | +€14,409 | +22.3% |
| Contributions | 10/11 | €28,639 | €28,639 | = | 0.0% |
| Reserves | 13 | €24,444 | €38,853 | +€14,409 | +58.9% |
| Distributable reserves | 133 | €24,444 | €38,853 | +€14,409 | +58.9% |
| Profit (loss) carried forward | 14 | €11,572 | €11,572 | = | 0.0% |
| Amounts payable | 17/49 | €31,037 | €10,397 | -€20,640 | -66.5% |
| Amounts payable within one year | 42/48 | €31,037 | €10,397 | -€20,640 | -66.5% |
| Trade debts | 44 | €4,706 | €759 | -€3,947 | -83.9% |
| Suppliers | 440/4 | €4,706 | €759 | -€3,947 | -83.9% |
| Taxes, remuneration and social security | 45 | €18,365 | €9,638 | -€8,727 | -47.5% |
| Taxes | 450/3 | €18,365 | €9,638 | -€8,727 | -47.5% |
| Other amounts payable | 47/48 | €7,966 | - | -€7,966 | |
| Non-recurring operating income | 76A | - | €5,058 | +€5,058 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,524 | €4,795 | -€729 | -13.2% |
| Other operating charges | 640/8 | €909 | €500 | -€409 | -45.0% |
| Gross operating margin | 9900 | €44,782 | €23,494 | -€21,287 | -47.5% |
| Operating profit (loss) | 9901 | €38,349 | €18,199 | -€20,150 | -52.5% |
| Financial income | 75/76B | €538 | €736 | +€198 | +36.8% |
| Recurring financial income | 75 | €125 | €736 | +€611 | +487% |
| Non-recurring financial income | 76B | €413 | - | -€413 | |
| Financial charges | 65/66B | €1,251 | €214 | -€1,037 | -82.9% |
| Recurring financial charges | 65 | €601 | €214 | -€387 | -64.4% |
| Non-recurring financial charges | 66B | €650 | - | -€650 | |
| Profit (loss) for the period before taxes | 9903 | €37,637 | €18,722 | -€18,915 | -50.3% |
| Income taxes | 67/77 | €8,193 | €4,313 | -€3,880 | -47.4% |
| Profit (loss) for the period | 9904 | €29,444 | €14,409 | -€15,036 | -51.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,444 | €14,409 | -€15,036 | -51.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.