TOLTEK: 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.
TOLTEK
Largest movements
- Tangible fixed assets -€8,627
down €8,627 (-5.8%), from €149,672 to €141,045
- Formation expenses -€6,242
down €6,242 (-47.3%), from €13,205 to €6,963
- Cash +€1,914
up €1,914 (+41.2%), from €4,644 to €6,558
mainly Depreciation (+€14,869) and Net result for the year (+€2,415)
- Other debts -€9,204
down €9,204 (-17.6%), from €52,248 to €43,044
- Debts after one year -€6,048
down €6,048 (-4.6%), from €132,712 to €126,664
of which Financial debts: -€7,108
- Profit (loss) carried forward +€2,415
up €2,415 (+7.4%), from -€32,539 to -€30,124
- Gross operating margin +€5,525
up €5,525 (+33.6%), from €16,451 to €21,976
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 | €167,521 | €154,629 | -€12,893 | -7.7% |
| Formation expenses | 20 | €13,205 | €6,963 | -€6,242 | -47.3% |
| Fixed assets | 21/28 | €149,672 | €141,045 | -€8,627 | -5.8% |
| Tangible fixed assets | 22/27 | €149,672 | €141,045 | -€8,627 | -5.8% |
| Land and buildings | 22 | €149,672 | €141,045 | -€8,627 | -5.8% |
| Current assets | 29/58 | €4,644 | €6,620 | +€1,976 | +42.6% |
| Amounts receivable within one year | 40/41 | - | €62 | +€62 | |
| Trade receivables | 40 | - | €62 | +€62 | |
| Cash at bank and in hand | 54/58 | €4,644 | €6,558 | +€1,914 | +41.2% |
| Total equity and liabilities | 10/49 | €167,521 | €154,629 | -€12,893 | -7.7% |
| Equity | 10/15 | -€27,539 | -€25,124 | +€2,415 | +8.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,539 | -€30,124 | +€2,415 | +7.4% |
| Amounts payable | 17/49 | €195,060 | €179,752 | -€15,308 | -7.8% |
| Amounts payable after more than one year | 17 | €132,712 | €126,664 | -€6,048 | -4.6% |
| Financial debts | 170/4 | €127,672 | €120,564 | -€7,108 | -5.6% |
| Advances received on contracts in progress | 176 | €5,040 | €6,100 | +€1,060 | +21.0% |
| Amounts payable within one year | 42/48 | €60,685 | €52,102 | -€8,583 | -14.1% |
| Current portion of amounts payable after more than one year | 42 | €6,974 | €7,108 | +€134 | +1.9% |
| Trade debts | 44 | €1,462 | €1,950 | +€488 | +33.3% |
| Suppliers | 440/4 | €1,462 | €1,950 | +€488 | +33.3% |
| Other amounts payable | 47/48 | €52,248 | €43,044 | -€9,204 | -17.6% |
| Accrued charges and deferred income | 492/3 | €1,663 | €986 | -€677 | -40.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,869 | €14,869 | = | 0.0% |
| Other operating charges | 640/8 | €1,997 | €2,060 | +€63 | +3.1% |
| Gross operating margin | 9900 | €16,451 | €21,976 | +€5,525 | +33.6% |
| Operating profit (loss) | 9901 | -€415 | €5,047 | +€5,462 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €2,803 | €2,632 | -€171 | -6.1% |
| Recurring financial charges | 65 | €2,803 | €2,632 | -€171 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,218 | €2,415 | +€5,633 | |
| Profit (loss) for the period | 9904 | -€3,218 | €2,415 | +€5,633 | |
| Profit (loss) for the period to be appropriated | 9905 | -€3,218 | €2,415 | +€5,633 |
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 8 October 2026 via checked.be.