Toolmaster: 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.
Toolmaster
Largest movements
- Intangible fixed assets +€67,302
up €67,302 (+91.9%), from €73,239 to €140,540
- Receivables within one year +€7,031
up €7,031 (+112%), from €6,264 to €13,296
of which Trade receivables: +€6,931
- Cash -€2,558
down €2,558 (-4.5%), from €56,775 to €54,217
mainly Investment in fixed assets (net) (-€113,895) and Receivables within one year (-€7,031)
- Profit (loss) carried forward +€40,762
up €40,762 (+168%), from €24,309 to €65,071
- Tax, wage and social debts +€14,519
up €14,519 (+209%), from €6,947 to €21,466
- Investment grants +€10,256
up €10,256 (+62.4%), from €16,437 to €26,693
- Provisions +€3,419
up €3,419 (+62.4%), from €5,479 to €8,898
- Trade debts +€2,668
up €2,668 (+23.8%), from €11,201 to €13,868
- Gross operating margin +€48,600
up €48,600 (+127%), from €38,252 to €86,852
- Depreciation +€36,283
up €36,283 (+352%), from €10,310 to €46,593
- Financial income +€8,223
up €8,223 (+265%), from €3,102 to €11,325
- Taxes +€4,045
up €4,045 (+66.7%), from €6,062 to €10,108
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 | €136,278 | €208,053 | +€71,775 | +52.7% |
| Fixed assets | 21/28 | €73,239 | €140,540 | +€67,302 | +91.9% |
| Intangible fixed assets | 21 | €73,239 | €140,540 | +€67,302 | +91.9% |
| Current assets | 29/58 | €63,040 | €67,513 | +€4,473 | +7.1% |
| Amounts receivable within one year | 40/41 | €6,264 | €13,296 | +€7,031 | +112% |
| Trade receivables | 40 | €6,264 | €13,196 | +€6,931 | +111% |
| Other amounts receivable | 41 | - | €100 | +€100 | |
| Cash at bank and in hand | 54/58 | €56,775 | €54,217 | -€2,558 | -4.5% |
| Total equity and liabilities | 10/49 | €136,278 | €208,053 | +€71,775 | +52.7% |
| Equity | 10/15 | €105,724 | €156,742 | +€51,018 | +48.3% |
| Contributions | 10/11 | €64,979 | €64,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,309 | €65,071 | +€40,762 | +168% |
| Investment grants | 15 | €16,437 | €26,693 | +€10,256 | +62.4% |
| Provisions and deferred taxes | 16 | €5,479 | €8,898 | +€3,419 | +62.4% |
| Deferred taxes | 168 | €5,479 | €8,898 | +€3,419 | +62.4% |
| Amounts payable | 17/49 | €25,075 | €42,413 | +€17,338 | +69.1% |
| Amounts payable within one year | 42/48 | €25,075 | €42,413 | +€17,338 | +69.1% |
| Trade debts | 44 | €11,201 | €13,868 | +€2,668 | +23.8% |
| Suppliers | 440/4 | €11,201 | €13,868 | +€2,668 | +23.8% |
| Taxes, remuneration and social security | 45 | €6,947 | €21,466 | +€14,519 | +209% |
| Taxes | 450/3 | €6,947 | €21,466 | +€14,519 | +209% |
| Other amounts payable | 47/48 | €6,928 | €7,079 | +€151 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,310 | €46,593 | +€36,283 | +352% |
| Gross operating margin | 9900 | €38,252 | €86,852 | +€48,600 | +127% |
| Operating profit (loss) | 9901 | €27,942 | €40,259 | +€12,316 | +44.1% |
| Financial income | 75/76B | €3,102 | €11,325 | +€8,223 | +265% |
| Recurring financial income | 75 | €3,102 | €11,325 | +€8,223 | +265% |
| Financial charges | 65/66B | €674 | €714 | +€40 | +6.0% |
| Recurring financial charges | 65 | €674 | €714 | +€40 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €30,371 | €50,870 | +€20,499 | +67.5% |
| Income taxes | 67/77 | €6,062 | €10,108 | +€4,045 | +66.7% |
| Profit (loss) for the period | 9904 | €24,309 | €40,762 | +€16,453 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,309 | €40,762 | +€16,453 | +67.7% |
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 14 October 2026 via checked.be.