TOLTECAH: 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.
TOLTECAH
Largest movements
- Receivables after one year -€60,000
down €60,000 (-18.2%), from €330,000 to €270,000
- Receivables within one year +€15,673
up €15,673 (+343.3%), from €4,565 to €20,238
of which Trade receivables: +€15,580
- Other debts -€89,723
down €89,723 (-88.1%), from €101,837 to €12,115
- Profit (loss) carried forward +€51,902
up €51,902 (+27.6%), from €188,332 to €240,234
- Debts after one year -€10,304
down €10,304 (-56.9%), from €18,124 to €7,820
- Tax, wage and social debts +€4,908
up €4,908 (+22.2%), from €22,142 to €27,050
- Current portion of long-term debt -€4,330
down €4,330 (-17.8%), from €24,302 to €19,972
- Gross operating margin +€13,197
up €13,197 (+25.4%), from €52,019 to €65,216
- Taxes +€3,393
up €3,393 (+25.5%), from €13,333 to €16,726
- Financial income -€1,123
down €1,123 (-12.7%), from €8,814 to €7,691
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 | €383,559 | €337,660 | -€45,899 | -12.0% |
| Fixed assets | 21/28 | €24,707 | €24,498 | -€210 | -0.8% |
| Tangible fixed assets | 22/27 | €332 | €123 | -€210 | -63.0% |
| Furniture and vehicles | 24 | €332 | €123 | -€210 | -63.0% |
| Financial fixed assets | 28 | €24,375 | €24,375 | = | 0.0% |
| Current assets | 29/58 | €358,852 | €313,163 | -€45,689 | -12.7% |
| Amounts receivable after more than one year | 29 | €330,000 | €270,000 | -€60,000 | -18.2% |
| Other amounts receivable | 291 | €330,000 | €270,000 | -€60,000 | -18.2% |
| Amounts receivable within one year | 40/41 | €4,565 | €20,238 | +€15,673 | +343.3% |
| Trade receivables | 40 | €4,341 | €19,921 | +€15,580 | +358.9% |
| Other amounts receivable | 41 | €224 | €317 | +€93 | +41.3% |
| Cash at bank and in hand | 54/58 | €24,287 | €22,925 | -€1,362 | -5.6% |
| Total equity and liabilities | 10/49 | €383,559 | €337,660 | -€45,899 | -12.0% |
| Equity | 10/15 | €212,082 | €263,984 | +€51,902 | +24.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €5,150 | €5,150 | = | 0.0% |
| Distributable reserves | 133 | €5,150 | €5,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €188,332 | €240,234 | +€51,902 | +27.6% |
| Amounts payable | 17/49 | €171,478 | €73,677 | -€97,801 | -57.0% |
| Amounts payable after more than one year | 17 | €18,124 | €7,820 | -€10,304 | -56.9% |
| Financial debts | 170/4 | €18,124 | €7,820 | -€10,304 | -56.9% |
| Amounts payable within one year | 42/48 | €153,354 | €65,857 | -€87,497 | -57.1% |
| Current portion of amounts payable after more than one year | 42 | €24,302 | €19,972 | -€4,330 | -17.8% |
| Financial debts | 43 | €3,269 | €4,104 | +€835 | +25.5% |
| Credit institutions | 430/8 | €3,269 | €4,104 | +€835 | +25.5% |
| Trade debts | 44 | €1,804 | €2,617 | +€813 | +45.1% |
| Suppliers | 440/4 | €1,804 | €2,617 | +€813 | +45.1% |
| Taxes, remuneration and social security | 45 | €22,142 | €27,050 | +€4,908 | +22.2% |
| Taxes | 450/3 | €22,142 | €27,050 | +€4,908 | +22.2% |
| Other amounts payable | 47/48 | €101,837 | €12,115 | -€89,723 | -88.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €210 | €210 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,031 | €844 | -€187 | -18.1% |
| Gross operating margin | 9900 | €52,019 | €65,216 | +€13,197 | +25.4% |
| Operating profit (loss) | 9901 | €50,778 | €64,162 | +€13,384 | +26.4% |
| Financial income | 75/76B | €8,814 | €7,691 | -€1,123 | -12.7% |
| Recurring financial income | 75 | €8,814 | €7,691 | -€1,123 | -12.7% |
| Financial charges | 65/66B | €3,830 | €3,225 | -€604 | -15.8% |
| Recurring financial charges | 65 | €3,830 | €3,225 | -€604 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €55,763 | €68,628 | +€12,866 | +23.1% |
| Income taxes | 67/77 | €13,333 | €16,726 | +€3,393 | +25.5% |
| Profit (loss) for the period | 9904 | €42,430 | €51,902 | +€9,472 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €42,430 | €51,902 | +€9,472 | +22.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.