Tolina: what changed
Two fiscal 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.
Tolina
Largest movements
- Tangible fixed assets -€39,502
down €39,502 (-51.2%), from €77,137 to €37,635
- Cash -€30,299
down €30,299 (-41.5%), from €72,949 to €42,650
mainly Contributions, distributions and other (-€80,000) and Current investments (-€25,000)
- Current investments +€25,000
new in 2026: €25,000
- Receivables within one year +€15,873
up €15,873 (+244.1%), from €6,502 to €22,375
of which Trade receivables: +€21,019
- Reserves -€43,626
down €43,626 (-59.8%), from €72,978 to €29,352
- Other debts +€19,175
up €19,175 (+37.1%), from €51,687 to €70,862
- Tax, wage and social debts -€4,524
down €4,524 (-31.3%), from €14,450 to €9,926
- Gross operating margin +€20,528
up €20,528 (+30.1%), from €68,089 to €88,617
- Taxes +€5,628
up €5,628 (+115.9%), from €4,854 to €10,481
- Depreciation -€2,003
down €2,003 (-4.8%), from €41,846 to €39,842
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €160,073 | €130,222 | -€29,850 | -18.6% |
| Fixed assets | 21/28 | €77,137 | €37,635 | -€39,502 | -51.2% |
| Tangible fixed assets | 22/27 | €77,137 | €37,635 | -€39,502 | -51.2% |
| Land and buildings | 22 | €10,308 | €7,917 | -€2,391 | -23.2% |
| Plant, machinery and equipment | 23 | €32,027 | €22,043 | -€9,984 | -31.2% |
| Furniture and vehicles | 24 | €25,607 | €7,675 | -€17,932 | -70.0% |
| Leasing and similar rights | 25 | €9,195 | €0 | -€9,195 | -100.0% |
| Current assets | 29/58 | €82,935 | €92,587 | +€9,652 | +11.6% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €6,502 | €22,375 | +€15,873 | +244.1% |
| Trade receivables | 40 | €1,355 | €22,375 | +€21,019 | +1551.0% |
| Other amounts receivable | 41 | €5,146 | €0 | -€5,146 | -100.0% |
| Current investments | 50/53 | - | €25,000 | +€25,000 | |
| Cash at bank and in hand | 54/58 | €72,949 | €42,650 | -€30,299 | -41.5% |
| Deferred charges and accrued income | 490/1 | €1,484 | €562 | -€922 | -62.1% |
| Total equity and liabilities | 10/49 | €160,073 | €130,222 | -€29,850 | -18.6% |
| Equity | 10/15 | €91,578 | €47,952 | -€43,626 | -47.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €72,978 | €29,352 | -€43,626 | -59.8% |
| Distributable reserves | 133 | €72,978 | €29,352 | -€43,626 | -59.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €68,495 | €82,270 | +€13,775 | +20.1% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €68,495 | €82,270 | +€13,775 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | €1,544 | €0 | -€1,544 | -100.0% |
| Trade debts | 44 | €813 | €1,482 | +€669 | +82.3% |
| Suppliers | 440/4 | €813 | €1,482 | +€669 | +82.3% |
| Taxes, remuneration and social security | 45 | €14,450 | €9,926 | -€4,524 | -31.3% |
| Taxes | 450/3 | €14,450 | €9,926 | -€4,524 | -31.3% |
| Other amounts payable | 47/48 | €51,687 | €70,862 | +€19,175 | +37.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,846 | €39,842 | -€2,003 | -4.8% |
| Other operating charges | 640/8 | €1,896 | €1,861 | -€35 | -1.8% |
| Gross operating margin | 9900 | €68,089 | €88,617 | +€20,528 | +30.1% |
| Operating profit (loss) | 9901 | €24,348 | €46,914 | +€22,566 | +92.7% |
| Financial income | 75/76B | €28 | €0 | -€28 | -98.6% |
| Recurring financial income | 75 | €28 | €0 | -€28 | -98.6% |
| Financial charges | 65/66B | €138 | €59 | -€80 | -57.4% |
| Recurring financial charges | 65 | €138 | €59 | -€80 | -57.4% |
| Profit (loss) for the period before taxes | 9903 | €24,238 | €46,856 | +€22,617 | +93.3% |
| Income taxes | 67/77 | €4,854 | €10,481 | +€5,628 | +115.9% |
| Profit (loss) for the period | 9904 | €19,384 | €36,374 | +€16,990 | +87.6% |
| Profit (loss) for the period to be appropriated | 9905 | €19,384 | €36,374 | +€16,990 | +87.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.