TOLON: 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.
TOLON
Largest movements
- Receivables within one year +€18,150
new in 2025: €18,150
- Cash -€8,910
down €8,910 (-10.1%), from €88,370 to €79,460
mainly Receivables within one year (-€18,150) and Tax, wage and social debts (-€2,426)
- Reserves +€13,961
up €13,961 (+24.6%), from €56,825 to €70,786
- Tax, wage and social debts -€2,426
down €2,426 (-69.0%), from €3,516 to €1,090
- Trade debts -€2,295
down €2,295 (-90.8%), from €2,527 to €232
- Gross operating margin +€1,183
up €1,183 (+6.5%), from €18,124 to €19,307
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 | €88,370 | €97,610 | +€9,240 | +10.5% |
| Current assets | 29/58 | €88,370 | €97,610 | +€9,240 | +10.5% |
| Amounts receivable within one year | 40/41 | - | €18,150 | +€18,150 | |
| Trade receivables | 40 | - | €18,150 | +€18,150 | |
| Cash at bank and in hand | 54/58 | €88,370 | €79,460 | -€8,910 | -10.1% |
| Total equity and liabilities | 10/49 | €88,370 | €97,610 | +€9,240 | +10.5% |
| Equity | 10/15 | €82,327 | €96,288 | +€13,961 | +17.0% |
| Contributions | 10/11 | €25,502 | €25,502 | = | 0.0% |
| Reserves | 13 | €56,825 | €70,786 | +€13,961 | +24.6% |
| Distributable reserves | 133 | €56,825 | €70,786 | +€13,961 | +24.6% |
| Amounts payable | 17/49 | €6,043 | €1,322 | -€4,721 | -78.1% |
| Amounts payable within one year | 42/48 | €6,043 | €1,322 | -€4,721 | -78.1% |
| Trade debts | 44 | €2,527 | €232 | -€2,295 | -90.8% |
| Suppliers | 440/4 | €2,527 | €232 | -€2,295 | -90.8% |
| Taxes, remuneration and social security | 45 | €3,516 | €1,090 | -€2,426 | -69.0% |
| Taxes | 450/3 | €3,516 | €1,090 | -€2,426 | -69.0% |
| Other operating charges | 640/8 | €472 | €487 | +€15 | +3.2% |
| Gross operating margin | 9900 | €18,124 | €19,307 | +€1,183 | +6.5% |
| Operating profit (loss) | 9901 | €17,651 | €18,819 | +€1,168 | +6.6% |
| Financial charges | 65/66B | €178 | €204 | +€27 | +15.0% |
| Recurring financial charges | 65 | €178 | €204 | +€27 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €17,474 | €18,615 | +€1,141 | +6.5% |
| Income taxes | 67/77 | €4,522 | €4,654 | +€132 | +2.9% |
| Profit (loss) for the period | 9904 | €12,952 | €13,961 | +€1,009 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €12,952 | €13,961 | +€1,009 | +7.8% |
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 20 October 2026 via checked.be.