Toro Scaff: 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.
Toro Scaff
Largest movements
- Tangible fixed assets -€39,991
down €39,991 (-40.5%), from €98,862 to €58,871
of which Furniture and vehicles: -€27,504
- Receivables within one year -€25,377
down €25,377 (-25.1%), from €101,173 to €75,795
of which Other amounts receivable: -€18,663
- Cash +€21,629
up €21,629 (+18.4%), from €117,783 to €139,412
mainly Depreciation (+€39,991) and Receivables within one year (+€25,377)
- Deferred charges and accrued income +€16,684
up €16,684 (+554%), from €3,014 to €19,698
- Debts after one year -€43,047
down €43,047 (-40.3%), from €106,815 to €63,767
- Tax, wage and social debts +€14,065
up €14,065 (+51.7%), from €27,225 to €41,290
of which Taxes: +€14,413
- Trade debts -€4,415
down €4,415 (-89.1%), from €4,954 to €539
- Gross operating margin +€25,900
up €25,900 (+9.1%), from €283,154 to €309,054
- Depreciation -€16,470
down €16,470 (-29.2%), from €56,461 to €39,991
- Staff costs +€11,292
up €11,292 (+5.4%), from €208,137 to €219,429
- Taxes +€8,053
up €8,053 (+372%), from €2,164 to €10,217
- Financial income -€4,123
down €4,123 (-96.9%), from €4,257 to €134
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 | €438,297 | €407,281 | -€31,016 | -7.1% |
| Fixed assets | 21/28 | €191,402 | €147,451 | -€43,951 | -23.0% |
| Tangible fixed assets | 22/27 | €98,862 | €58,871 | -€39,991 | -40.5% |
| Plant, machinery and equipment | 23 | €21,039 | €8,552 | -€12,487 | -59.4% |
| Furniture and vehicles | 24 | €77,823 | €50,320 | -€27,504 | -35.3% |
| Financial fixed assets | 28 | €92,540 | €88,580 | -€3,960 | -4.3% |
| Current assets | 29/58 | €246,895 | €259,831 | +€12,935 | +5.2% |
| Stocks and contracts in progress | 3 | €24,926 | €24,926 | = | 0.0% |
| Stocks | 30/36 | €24,926 | €24,926 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €101,173 | €75,795 | -€25,377 | -25.1% |
| Trade receivables | 40 | €76,280 | €69,565 | -€6,715 | -8.8% |
| Other amounts receivable | 41 | €24,893 | €6,230 | -€18,663 | -75.0% |
| Cash at bank and in hand | 54/58 | €117,783 | €139,412 | +€21,629 | +18.4% |
| Deferred charges and accrued income | 490/1 | €3,014 | €19,698 | +€16,684 | +554% |
| Total equity and liabilities | 10/49 | €438,297 | €407,281 | -€31,016 | -7.1% |
| Equity | 10/15 | €258,151 | €258,629 | +€479 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €203,010 | €202,610 | -€400 | -0.2% |
| Distributable reserves | 133 | €203,010 | €202,610 | -€400 | -0.2% |
| Profit (loss) carried forward | 14 | €36,541 | €37,419 | +€879 | +2.4% |
| Amounts payable | 17/49 | €180,146 | €148,652 | -€31,494 | -17.5% |
| Amounts payable after more than one year | 17 | €106,815 | €63,767 | -€43,047 | -40.3% |
| Financial debts | 170/4 | €106,815 | €63,767 | -€43,047 | -40.3% |
| Amounts payable within one year | 42/48 | €73,332 | €84,885 | +€11,553 | +15.8% |
| Current portion of amounts payable after more than one year | 42 | €41,153 | €43,047 | +€1,895 | +4.6% |
| Trade debts | 44 | €4,954 | €539 | -€4,415 | -89.1% |
| Suppliers | 440/4 | €4,954 | €539 | -€4,415 | -89.1% |
| Taxes, remuneration and social security | 45 | €27,225 | €41,290 | +€14,065 | +51.7% |
| Taxes | 450/3 | €21,716 | €36,130 | +€14,413 | +66.4% |
| Remuneration and social security | 454/9 | €5,509 | €5,160 | -€349 | -6.3% |
| Other amounts payable | 47/48 | €0 | €9 | +€9 | |
| Remuneration, social security and pensions | 62 | €208,137 | €219,429 | +€11,292 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,461 | €39,991 | -€16,470 | -29.2% |
| Other operating charges | 640/8 | €8,744 | €8,792 | +€48 | +0.5% |
| Gross operating margin | 9900 | €283,154 | €309,054 | +€25,900 | +9.1% |
| Operating profit (loss) | 9901 | €9,812 | €40,843 | +€31,031 | +316% |
| Financial income | 75/76B | €4,257 | €134 | -€4,123 | -96.9% |
| Recurring financial income | 75 | €4,257 | €134 | -€4,123 | -96.9% |
| Financial charges | 65/66B | €9,087 | €7,381 | -€1,707 | -18.8% |
| Recurring financial charges | 65 | €9,087 | €7,381 | -€1,707 | -18.8% |
| Profit (loss) for the period before taxes | 9903 | €4,982 | €33,596 | +€28,614 | +574% |
| Income taxes | 67/77 | €2,164 | €10,217 | +€8,053 | +372% |
| Profit (loss) for the period | 9904 | €2,818 | €23,379 | +€20,561 | +730% |
| Profit (loss) for the period to be appropriated | 9905 | €2,818 | €23,379 | +€20,561 | +730% |
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.