TOLO: 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.
TOLO
Largest movements
- Receivables within one year +€95,479
up €95,479 (+6747.2%), from €1,415 to €96,894
of which Trade receivables: +€92,868
- Stocks and contracts +€10,018
up €10,018 (+24.4%), from €41,038 to €51,056
- Trade debts +€95,611
up €95,611 (+2354.9%), from €4,060 to €99,671
- Other debts +€20,200
new in 2025: €20,200
- Contributions -€11,200
down €11,200 (-78.9%), from €14,200 to €3,000
- Tax, wage and social debts -€5,427
down €5,427 (-15.9%), from €34,168 to €28,741
of which Taxes: -€13,350
- Profit (loss) carried forward +€5,369
up €5,369, from -€3,071 to €2,297
- Purchases and services +€88,309
up €88,309 (+14.6%), from €606,084 to €694,393
- Turnover +€77,002
up €77,002 (+12.0%), from €640,941 to €717,943
- Staff costs -€15,033
down €15,033 (-56.8%), from €26,470 to €11,436
- Gross operating margin -€11,430
down €11,430 (-31.3%), from €36,537 to €25,106
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 | €49,375 | €153,934 | +€104,559 | +211.8% |
| Fixed assets | 21/28 | €4,050 | €4,050 | = | 0.0% |
| Financial fixed assets | 28 | €4,050 | €4,050 | = | 0.0% |
| Current assets | 29/58 | €45,325 | €149,884 | +€104,559 | +230.7% |
| Stocks and contracts in progress | 3 | €41,038 | €51,056 | +€10,018 | +24.4% |
| Stocks | 30/36 | €41,038 | €51,056 | +€10,018 | +24.4% |
| Amounts receivable within one year | 40/41 | €1,415 | €96,894 | +€95,479 | +6747.2% |
| Trade receivables | 40 | €1,415 | €94,283 | +€92,868 | +6562.7% |
| Other amounts receivable | 41 | - | €2,611 | +€2,611 | |
| Cash at bank and in hand | 54/58 | €2,871 | €1,934 | -€938 | -32.7% |
| Total equity and liabilities | 10/49 | €49,375 | €153,934 | +€104,559 | +211.8% |
| Equity | 10/15 | €11,129 | €5,297 | -€5,831 | -52.4% |
| Contributions | 10/11 | €14,200 | €3,000 | -€11,200 | -78.9% |
| Profit (loss) carried forward | 14 | -€3,071 | €2,297 | +€5,369 | |
| Amounts payable | 17/49 | €38,246 | €148,636 | +€110,390 | +288.6% |
| Amounts payable within one year | 42/48 | €38,246 | €148,636 | +€110,390 | +288.6% |
| Financial debts | 43 | €18 | €24 | +€6 | +32.7% |
| Credit institutions | 430/8 | €18 | €24 | +€6 | +32.7% |
| Trade debts | 44 | €4,060 | €99,671 | +€95,611 | +2354.9% |
| Suppliers | 440/4 | €4,060 | €99,671 | +€95,611 | +2354.9% |
| Taxes, remuneration and social security | 45 | €34,168 | €28,741 | -€5,427 | -15.9% |
| Taxes | 450/3 | €15,924 | €2,574 | -€13,350 | -83.8% |
| Remuneration and social security | 454/9 | €18,244 | €26,167 | +€7,923 | +43.4% |
| Other amounts payable | 47/48 | - | €20,200 | +€20,200 | |
| Turnover | 70 | €640,941 | €717,943 | +€77,002 | +12.0% |
| Non-recurring operating income | 76A | - | €356 | +€356 | |
| Goods, raw materials, services and sundry goods | 60/61 | €606,084 | €694,393 | +€88,309 | +14.6% |
| Remuneration, social security and pensions | 62 | €26,470 | €11,436 | -€15,033 | -56.8% |
| Other operating charges | 640/8 | €1,977 | €3,340 | +€1,363 | +68.9% |
| Gross operating margin | 9900 | €36,537 | €25,106 | -€11,430 | -31.3% |
| Operating profit (loss) | 9901 | €8,089 | €10,330 | +€2,241 | +27.7% |
| Financial charges | 65/66B | €4,222 | €4,606 | +€384 | +9.1% |
| Recurring financial charges | 65 | €4,222 | €4,606 | +€384 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €3,867 | €5,724 | +€1,857 | +48.0% |
| Income taxes | 67/77 | €838 | €355 | -€483 | -57.6% |
| Profit (loss) for the period | 9904 | €3,029 | €5,369 | +€2,340 | +77.2% |
| Profit (loss) for the period to be appropriated | 9905 | €3,029 | €5,369 | +€2,340 | +77.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.