Tollenaere: 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.
Tollenaere
Largest movements
- Receivables within one year +€16,224
up €16,224 (+50.2%), from €32,330 to €48,554
of which Trade receivables: +€16,224
- Cash +€15,486
up €15,486, from €0 to €15,486
mainly Tax, wage and social debts (+€11,978) and Other debts (+€10,077)
- Deferred charges and accrued income -€3,224
down €3,224 (-48.1%), from €6,697 to €3,472
- Tangible fixed assets -€3,092
down €3,092 (-76.2%), from €4,060 to €968
of which Furniture and vehicles: -€2,975
- Tax, wage and social debts +€11,978
up €11,978 (+22.6%), from €52,898 to €64,876
of which Remuneration and social security: +€9,035
- Other debts +€10,077
up €10,077 (+11.2%), from €89,888 to €99,966
- Profit (loss) carried forward +€6,609
up €6,609 (+4.3%), from -€153,599 to -€146,990
- Trade debts -€2,134
down €2,134 (-16.2%), from €13,198 to €11,063
- Gross operating margin +€47,760
up €47,760 (+31.7%), from €150,454 to €198,214
- Staff costs -€7,327
down €7,327 (-3.8%), from €190,566 to €183,240
- Depreciation -€4,164
down €4,164 (-57.4%), from €7,256 to €3,092
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 | €43,087 | €68,481 | +€25,394 | +58.9% |
| Fixed assets | 21/28 | €4,060 | €968 | -€3,092 | -76.2% |
| Tangible fixed assets | 22/27 | €4,060 | €968 | -€3,092 | -76.2% |
| Plant, machinery and equipment | 23 | €168 | €52 | -€116 | -69.3% |
| Furniture and vehicles | 24 | €3,892 | €916 | -€2,975 | -76.5% |
| Current assets | 29/58 | €39,027 | €67,513 | +€28,486 | +73.0% |
| Amounts receivable within one year | 40/41 | €32,330 | €48,554 | +€16,224 | +50.2% |
| Trade receivables | 40 | €32,330 | €48,554 | +€16,224 | +50.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €0 | €15,486 | +€15,486 | |
| Deferred charges and accrued income | 490/1 | €6,697 | €3,472 | -€3,224 | -48.1% |
| Total equity and liabilities | 10/49 | €43,087 | €68,481 | +€25,394 | +58.9% |
| Equity | 10/15 | -€131,939 | -€125,331 | +€6,609 | +5.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €16,660 | €16,660 | = | 0.0% |
| Distributable reserves | 133 | €16,660 | €16,660 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€153,599 | -€146,990 | +€6,609 | +4.3% |
| Amounts payable | 17/49 | €175,026 | €193,811 | +€18,785 | +10.7% |
| Amounts payable after more than one year | 17 | €17,683 | €17,000 | -€683 | -3.9% |
| Financial debts | 170/4 | €17,683 | €17,000 | -€683 | -3.9% |
| Amounts payable within one year | 42/48 | €157,199 | €176,811 | +€19,613 | +12.5% |
| Current portion of amounts payable after more than one year | 42 | €162 | €0 | -€162 | -100% |
| Financial debts | 43 | €1,053 | €906 | -€146 | -13.9% |
| Credit institutions | 430/8 | €1,053 | €906 | -€146 | -13.9% |
| Trade debts | 44 | €13,198 | €11,063 | -€2,134 | -16.2% |
| Suppliers | 440/4 | €13,198 | €11,063 | -€2,134 | -16.2% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €52,898 | €64,876 | +€11,978 | +22.6% |
| Taxes | 450/3 | €23,344 | €26,287 | +€2,943 | +12.6% |
| Remuneration and social security | 454/9 | €29,554 | €38,589 | +€9,035 | +30.6% |
| Other amounts payable | 47/48 | €89,888 | €99,966 | +€10,077 | +11.2% |
| Accrued charges and deferred income | 492/3 | €144 | €0 | -€144 | -100% |
| Remuneration, social security and pensions | 62 | €190,566 | €183,240 | -€7,327 | -3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,256 | €3,092 | -€4,164 | -57.4% |
| Other operating charges | 640/8 | €3,698 | €1,978 | -€1,720 | -46.5% |
| Gross operating margin | 9900 | €150,454 | €198,214 | +€47,760 | +31.7% |
| Operating profit (loss) | 9901 | -€51,067 | €9,904 | +€60,971 | |
| Financial income | 75/76B | €1 | €3 | +€2 | +170% |
| Recurring financial income | 75 | €1 | €3 | +€2 | +170% |
| Financial charges | 65/66B | €1,594 | €3,040 | +€1,446 | +90.7% |
| Recurring financial charges | 65 | €1,594 | €3,040 | +€1,446 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | -€52,660 | €6,867 | +€59,527 | |
| Income taxes | 67/77 | €332 | €258 | -€74 | -22.2% |
| Profit (loss) for the period | 9904 | -€52,992 | €6,609 | +€59,600 | |
| Profit (loss) for the period to be appropriated | 9905 | -€52,992 | €6,609 | +€59,600 |
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 29 October 2026 via checked.be.