Tosalti: 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.
Tosalti
Largest movements
- Tangible fixed assets +€62,724
up €62,724 (+5,128%), from €1,223 to €63,948
of which Furniture and vehicles: +€62,583
- Receivables within one year -€11,135
down €11,135 (-30.2%), from €36,892 to €25,757
of which Trade receivables: -€12,299
- Deferred charges and accrued income +€7,813
up €7,813 (+1,155%), from €676 to €8,490
- Debts after one year +€35,509
up €35,509 (+44.1%), from €80,513 to €116,022
- Current portion of long-term debt +€11,117
new in 2025: €11,117
- Reserves +€8,590
up €8,590 (+20.8%), from €41,260 to €49,850
- Profit (loss) carried forward +€3,959
up €3,959, from -€3,957 to €1
- Other debts -€2,092
down €2,092 (-46.3%), from €4,519 to €2,428
- Taxes +€6,825
up €6,825 (+1,361%), from €502 to €7,327
- Financial income +€6,063
up €6,063 (+1,114%), from €544 to €6,607
- Depreciation +€4,811
up €4,811 (+609%), from €789 to €5,600
- Gross operating margin -€1,991
down €1,991 (-7.4%), from €27,031 to €25,040
- Financial charges +€548
up €548 (+12.5%), from €4,378 to €4,926
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 | €142,597 | €202,247 | +€59,651 | +41.8% |
| Fixed assets | 21/28 | €103,223 | €165,948 | +€62,724 | +60.8% |
| Tangible fixed assets | 22/27 | €1,223 | €63,948 | +€62,724 | +5,128% |
| Plant, machinery and equipment | 23 | €1,223 | €434 | -€790 | -64.5% |
| Furniture and vehicles | 24 | - | €62,583 | +€62,583 | |
| Other tangible fixed assets | 26 | - | €931 | +€931 | |
| Financial fixed assets | 28 | €102,000 | €102,000 | = | 0.0% |
| Current assets | 29/58 | €39,373 | €36,300 | -€3,074 | -7.8% |
| Amounts receivable within one year | 40/41 | €36,892 | €25,757 | -€11,135 | -30.2% |
| Trade receivables | 40 | €32,392 | €20,093 | -€12,299 | -38.0% |
| Other amounts receivable | 41 | €4,500 | €5,664 | +€1,164 | +25.9% |
| Cash at bank and in hand | 54/58 | €1,806 | €2,053 | +€248 | +13.7% |
| Deferred charges and accrued income | 490/1 | €676 | €8,490 | +€7,813 | +1,155% |
| Total equity and liabilities | 10/49 | €142,597 | €202,247 | +€59,651 | +41.8% |
| Equity | 10/15 | €43,503 | €56,051 | +€12,549 | +28.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €41,260 | €49,850 | +€8,590 | +20.8% |
| Distributable reserves | 133 | €41,260 | €49,850 | +€8,590 | +20.8% |
| Profit (loss) carried forward | 14 | -€3,957 | €1 | +€3,959 | |
| Amounts payable | 17/49 | €99,094 | €146,196 | +€47,102 | +47.5% |
| Amounts payable after more than one year | 17 | €80,513 | €116,022 | +€35,509 | +44.1% |
| Financial debts | 170/4 | €80,513 | €116,022 | +€35,509 | +44.1% |
| Amounts payable within one year | 42/48 | €18,244 | €29,870 | +€11,625 | +63.7% |
| Current portion of amounts payable after more than one year | 42 | - | €11,117 | +€11,117 | |
| Financial debts | 43 | €9,302 | €9,729 | +€427 | +4.6% |
| Other loans | 439 | €9,302 | €9,729 | +€427 | +4.6% |
| Trade debts | 44 | €1,174 | €2,148 | +€974 | +82.9% |
| Suppliers | 440/4 | €1,174 | €2,148 | +€974 | +82.9% |
| Taxes, remuneration and social security | 45 | €3,249 | €4,447 | +€1,198 | +36.9% |
| Taxes | 450/3 | €3,249 | €2,295 | -€954 | -29.4% |
| Remuneration and social security | 454/9 | - | €2,152 | +€2,152 | |
| Other amounts payable | 47/48 | €4,519 | €2,428 | -€2,092 | -46.3% |
| Accrued charges and deferred income | 492/3 | €337 | €305 | -€32 | -9.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €789 | €5,600 | +€4,811 | +609% |
| Other operating charges | 640/8 | €1,461 | €1,246 | -€215 | -14.7% |
| Gross operating margin | 9900 | €27,031 | €25,040 | -€1,991 | -7.4% |
| Operating profit (loss) | 9901 | €24,781 | €18,195 | -€6,586 | -26.6% |
| Financial income | 75/76B | €544 | €6,607 | +€6,063 | +1,114% |
| Recurring financial income | 75 | €544 | €6,607 | +€6,063 | +1,114% |
| Financial charges | 65/66B | €4,378 | €4,926 | +€548 | +12.5% |
| Recurring financial charges | 65 | €4,378 | €4,926 | +€548 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €20,947 | €19,875 | -€1,072 | -5.1% |
| Income taxes | 67/77 | €502 | €7,327 | +€6,825 | +1,361% |
| Profit (loss) for the period | 9904 | €20,445 | €12,549 | -€7,897 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €20,445 | €12,549 | -€7,897 | -38.6% |
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 28 October 2026 via checked.be.