TOLGAC: 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.
TOLGAC
Largest movements
- Receivables within one year +€12,482
up €12,482 (+50.4%), from €24,778 to €37,260
of which Trade receivables: +€19,779
- Tangible fixed assets -€7,880
down €7,880 (-11.3%), from €69,884 to €62,004
- Cash -€1,294
down €1,294 (-26.1%), from €4,957 to €3,663
mainly Debts after one year (-€14,587) and Receivables within one year (-€12,482)
- Debts after one year -€14,587
down €14,587 (-47.4%), from €30,753 to €16,166
- Trade debts +€12,956
up €12,956 (+1653.7%), from €783 to €13,740
- Tax, wage and social debts +€2,886
up €2,886 (+167.0%), from €1,728 to €4,614
- Current portion of long-term debt +€1,709
up €1,709 (+13.6%), from €12,600 to €14,309
- Depreciation -€6,688
down €6,688 (-45.9%), from €14,568 to €7,880
- Gross operating margin -€5,123
down €5,123 (-24.5%), from €20,870 to €15,747
- Financial charges +€2,714
up €2,714 (+119.2%), from €2,277 to €4,991
- Taxes -€1,803
down €1,803 (-94.1%), from €1,917 to €113
- Other operating charges +€1,299
up €1,299 (+115.9%), from €1,121 to €2,420
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 | €100,103 | €103,411 | +€3,308 | +3.3% |
| Fixed assets | 21/28 | €70,018 | €62,138 | -€7,880 | -11.3% |
| Tangible fixed assets | 22/27 | €69,884 | €62,004 | -€7,880 | -11.3% |
| Furniture and vehicles | 24 | €69,884 | €62,004 | -€7,880 | -11.3% |
| Financial fixed assets | 28 | €134 | €134 | = | 0.0% |
| Current assets | 29/58 | €30,085 | €41,273 | +€11,188 | +37.2% |
| Amounts receivable within one year | 40/41 | €24,778 | €37,260 | +€12,482 | +50.4% |
| Trade receivables | 40 | €14,584 | €34,364 | +€19,779 | +135.6% |
| Other amounts receivable | 41 | €10,193 | €2,896 | -€7,297 | -71.6% |
| Cash at bank and in hand | 54/58 | €4,957 | €3,663 | -€1,294 | -26.1% |
| Deferred charges and accrued income | 490/1 | €350 | €350 | = | 0.0% |
| Total equity and liabilities | 10/49 | €100,103 | €103,411 | +€3,308 | +3.3% |
| Equity | 10/15 | €52,932 | €53,275 | +€343 | +0.6% |
| Contributions | 10/11 | €9,625 | €9,625 | = | 0.0% |
| Contributions outside capital | 11 | €9,625 | €9,625 | = | 0.0% |
| Other | 1109/19 | €9,625 | €9,625 | = | 0.0% |
| Profit (loss) carried forward | 14 | €43,308 | €43,651 | +€343 | +0.8% |
| Amounts payable | 17/49 | €47,170 | €50,135 | +€2,965 | +6.3% |
| Amounts payable after more than one year | 17 | €30,753 | €16,166 | -€14,587 | -47.4% |
| Financial debts | 170/4 | €30,753 | €16,166 | -€14,587 | -47.4% |
| Amounts payable within one year | 42/48 | €16,418 | €33,969 | +€17,552 | +106.9% |
| Current portion of amounts payable after more than one year | 42 | €12,600 | €14,309 | +€1,709 | +13.6% |
| Financial debts | 43 | €1,306 | €1,306 | = | 0.0% |
| Credit institutions | 430/8 | €1,306 | €1,306 | = | 0.0% |
| Trade debts | 44 | €783 | €13,740 | +€12,956 | +1653.7% |
| Suppliers | 440/4 | €783 | €13,740 | +€12,956 | +1653.7% |
| Taxes, remuneration and social security | 45 | €1,728 | €4,614 | +€2,886 | +167.0% |
| Taxes | 450/3 | €1,728 | €4,614 | +€2,886 | +167.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,568 | €7,880 | -€6,688 | -45.9% |
| Other operating charges | 640/8 | €1,121 | €2,420 | +€1,299 | +115.9% |
| Gross operating margin | 9900 | €20,870 | €15,747 | -€5,123 | -24.5% |
| Operating profit (loss) | 9901 | €5,182 | €5,448 | +€266 | +5.1% |
| Financial charges | 65/66B | €2,277 | €4,991 | +€2,714 | +119.2% |
| Recurring financial charges | 65 | €2,277 | €4,991 | +€2,714 | +119.2% |
| Profit (loss) for the period before taxes | 9903 | €2,905 | €456 | -€2,449 | -84.3% |
| Income taxes | 67/77 | €1,917 | €113 | -€1,803 | -94.1% |
| Profit (loss) for the period | 9904 | €988 | €343 | -€645 | -65.3% |
| Profit (loss) for the period to be appropriated | 9905 | €988 | €343 | -€645 | -65.3% |
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 11 October 2026 via checked.be.