TOLMZANT: 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.
TOLMZANT
Largest movements
- Current investments +€426,276
up €426,276 (+22.6%), from €1.9m to €2.3m
- Cash +€106,266
up €106,266 (+23.3%), from €455,898 to €562,164
mainly Advances received (+€276,064) and Net result for the year (+€245,535)
- Tangible fixed assets -€49,726
down €49,726 (-2.6%), from €1.9m to €1.9m
of which Plant, machinery and equipment: -€51,500
- Advances received +€276,064
up €276,064 (+434%), from €63,679 to €339,744
- Reserves +€245,535
up €245,535 (+13.0%), from €1.9m to €2.1m
of which Distributable reserves: +€245,535
- Depreciation +€25,137
up €25,137 (+41.3%), from €60,835 to €85,972
- Taxes -€24,373
down €24,373 (-20.0%), from €121,725 to €97,351
- Financial charges +€18,814
up €18,814 (+136%), from €13,787 to €32,601
- Gross operating margin -€16,961
down €16,961 (-3.0%), from €557,394 to €540,433
- Other operating charges +€9,933
up €9,933 (+8.5%), from €116,656 to €126,589
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 | €4,329,946 | €4,800,167 | +€470,222 | +10.9% |
| Fixed assets | 21/28 | €1,930,299 | €1,880,573 | -€49,726 | -2.6% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €1,930,280 | €1,880,554 | -€49,726 | -2.6% |
| Land and buildings | 22 | €1,584,581 | €1,612,277 | +€27,696 | +1.7% |
| Plant, machinery and equipment | 23 | €219,862 | €168,362 | -€51,500 | -23.4% |
| Furniture and vehicles | 24 | €125,838 | €99,915 | -€25,923 | -20.6% |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €2,399,647 | €2,919,595 | +€519,948 | +21.7% |
| Amounts receivable within one year | 40/41 | €45,819 | €32,011 | -€13,808 | -30.1% |
| Trade receivables | 40 | €30,776 | €17,553 | -€13,223 | -43.0% |
| Other amounts receivable | 41 | €15,043 | €14,458 | -€585 | -3.9% |
| Current investments | 50/53 | €1,889,627 | €2,315,903 | +€426,276 | +22.6% |
| Cash at bank and in hand | 54/58 | €455,898 | €562,164 | +€106,266 | +23.3% |
| Deferred charges and accrued income | 490/1 | €8,303 | €9,516 | +€1,214 | +14.6% |
| Total equity and liabilities | 10/49 | €4,329,946 | €4,800,167 | +€470,222 | +10.9% |
| Equity | 10/15 | €4,163,089 | €4,408,624 | +€245,535 | +5.9% |
| Contributions | 10/11 | €2,278,786 | €2,278,786 | = | 0.0% |
| Capital | 10 | €2,278,786 | €2,278,786 | = | 0.0% |
| Issued capital | 100 | €2,278,786 | €2,278,786 | = | 0.0% |
| Reserves | 13 | €1,884,303 | €2,129,838 | +€245,535 | +13.0% |
| Non-distributable reserves | 130/1 | €227,879 | €227,879 | = | 0.0% |
| Legal reserve | 130 | €227,879 | €227,879 | = | 0.0% |
| Distributable reserves | 133 | €1,656,425 | €1,901,960 | +€245,535 | +14.8% |
| Amounts payable | 17/49 | €166,857 | €391,544 | +€224,687 | +135% |
| Amounts payable within one year | 42/48 | €164,049 | €391,399 | +€227,350 | +139% |
| Trade debts | 44 | €24,522 | €22,488 | -€2,035 | -8.3% |
| Suppliers | 440/4 | €24,522 | €22,488 | -€2,035 | -8.3% |
| Advances received on contracts in progress | 46 | €63,679 | €339,744 | +€276,064 | +434% |
| Taxes, remuneration and social security | 45 | €45,749 | €1,507 | -€44,242 | -96.7% |
| Taxes | 450/3 | €45,618 | €1,268 | -€44,350 | -97.2% |
| Remuneration and social security | 454/9 | €131 | €239 | +€108 | +82.6% |
| Other amounts payable | 47/48 | €30,099 | €27,660 | -€2,439 | -8.1% |
| Accrued charges and deferred income | 492/3 | €2,808 | €145 | -€2,663 | -94.9% |
| Non-recurring operating income | 76A | €7,695 | €18,297 | +€10,602 | +138% |
| Remuneration, social security and pensions | 62 | €14,901 | €7,157 | -€7,744 | -52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,835 | €85,972 | +€25,137 | +41.3% |
| Other operating charges | 640/8 | €116,656 | €126,589 | +€9,933 | +8.5% |
| Non-recurring operating charges | 66A | €13,412 | €378 | -€13,034 | -97.2% |
| Gross operating margin | 9900 | €557,394 | €540,433 | -€16,961 | -3.0% |
| Operating profit (loss) | 9901 | €351,590 | €320,337 | -€31,253 | -8.9% |
| Financial income | 75/76B | €57,467 | €55,151 | -€2,317 | -4.0% |
| Recurring financial income | 75 | €57,467 | €55,151 | -€2,317 | -4.0% |
| Financial charges | 65/66B | €13,787 | €32,601 | +€18,814 | +136% |
| Recurring financial charges | 65 | €13,787 | €32,601 | +€18,814 | +136% |
| Profit (loss) for the period before taxes | 9903 | €395,270 | €342,886 | -€52,384 | -13.3% |
| Income taxes | 67/77 | €121,725 | €97,351 | -€24,373 | -20.0% |
| Profit (loss) for the period | 9904 | €273,545 | €245,535 | -€28,010 | -10.2% |
| Profit (loss) for the period to be appropriated | 9905 | €273,545 | €245,535 | -€28,010 | -10.2% |
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 18 October 2026 via checked.be.