TOSC: 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.
TOSC
Largest movements
- Current investments -€424,403
down €424,403 (-88.4%), from €480,000 to €55,597
- Tangible fixed assets -€39,747
down €39,747 (-7.2%), from €551,288 to €511,541
of which Land and buildings: -€27,075
- Cash +€29,731
up €29,731 (+35.0%), from €84,914 to €114,645
mainly Net result for the year (+€644,752) and Other debts (+€533,676)
- Other debts +€533,676
up €533,676 (+4,087%), from €13,059 to €546,735
- Debts after one year -€520,837
no longer reported in 2025 (was €520,837)
- Reserves -€520,248
down €520,248 (-97.1%), from €535,623 to €15,375
- Tax, wage and social debts +€98,490
up €98,490 (+1,525%), from €6,459 to €104,949
of which Taxes: +€98,503
- Current portion of long-term debt -€25,562
no longer reported in 2025 (was €25,562)
- Gross operating margin +€80,719
up €80,719 (+10.9%), from €742,882 to €823,602
- Financial income +€68,939
up €68,939 (+1,040%), from €6,627 to €75,566
- Taxes +€11,128
up €11,128 (+6.4%), from €175,186 to €186,315
- Depreciation +€10,849
up €10,849 (+28.6%), from €37,978 to €48,827
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 | €1,120,223 | €685,730 | -€434,493 | -38.8% |
| Fixed assets | 21/28 | €551,788 | €512,041 | -€39,747 | -7.2% |
| Tangible fixed assets | 22/27 | €551,288 | €511,541 | -€39,747 | -7.2% |
| Land and buildings | 22 | €478,745 | €451,670 | -€27,075 | -5.7% |
| Plant, machinery and equipment | 23 | €5,399 | €11,143 | +€5,744 | +106% |
| Furniture and vehicles | 24 | €67,143 | €48,727 | -€18,416 | -27.4% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €568,435 | €173,690 | -€394,746 | -69.4% |
| Current investments | 50/53 | €480,000 | €55,597 | -€424,403 | -88.4% |
| Cash at bank and in hand | 54/58 | €84,914 | €114,645 | +€29,731 | +35.0% |
| Deferred charges and accrued income | 490/1 | €3,521 | €3,448 | -€74 | -2.1% |
| Total equity and liabilities | 10/49 | €1,120,223 | €685,730 | -€434,493 | -38.8% |
| Equity | 10/15 | €554,223 | €33,975 | -€520,248 | -93.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €535,623 | €15,375 | -€520,248 | -97.1% |
| Distributable reserves | 133 | €535,623 | €15,375 | -€520,248 | -97.1% |
| Amounts payable | 17/49 | €566,000 | €651,755 | +€85,755 | +15.2% |
| Amounts payable after more than one year | 17 | €520,837 | - | -€520,837 | |
| Financial debts | 170/4 | €520,837 | - | -€520,837 | |
| Amounts payable within one year | 42/48 | €45,163 | €651,725 | +€606,562 | +1,343% |
| Current portion of amounts payable after more than one year | 42 | €25,562 | - | -€25,562 | |
| Financial debts | 43 | €18 | - | -€18 | |
| Credit institutions | 430/8 | €18 | - | -€18 | |
| Trade debts | 44 | €65 | €41 | -€24 | -36.6% |
| Suppliers | 440/4 | €65 | €41 | -€24 | -36.6% |
| Taxes, remuneration and social security | 45 | €6,459 | €104,949 | +€98,490 | +1,525% |
| Taxes | 450/3 | €5,094 | €103,596 | +€98,503 | +1,934% |
| Remuneration and social security | 454/9 | €1,365 | €1,353 | -€12 | -0.9% |
| Other amounts payable | 47/48 | €13,059 | €546,735 | +€533,676 | +4,087% |
| Accrued charges and deferred income | 492/3 | - | €30 | +€30 | |
| Non-recurring operating income | 76A | - | €7,000 | +€7,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,978 | €48,827 | +€10,849 | +28.6% |
| Other operating charges | 640/8 | €1,902 | €1,867 | -€35 | -1.8% |
| Gross operating margin | 9900 | €742,882 | €823,602 | +€80,719 | +10.9% |
| Operating profit (loss) | 9901 | €703,002 | €772,907 | +€69,905 | +9.9% |
| Financial income | 75/76B | €6,627 | €75,566 | +€68,939 | +1,040% |
| Recurring financial income | 75 | €6,627 | €75,566 | +€68,939 | +1,040% |
| Financial charges | 65/66B | €16,109 | €17,406 | +€1,297 | +8.1% |
| Recurring financial charges | 65 | €16,109 | €17,406 | +€1,297 | +8.1% |
| Profit (loss) for the period before taxes | 9903 | €693,520 | €831,067 | +€137,547 | +19.8% |
| Income taxes | 67/77 | €175,186 | €186,315 | +€11,128 | +6.4% |
| Profit (loss) for the period | 9904 | €518,333 | €644,752 | +€126,419 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €518,333 | €644,752 | +€126,419 | +24.4% |
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 15 October 2026 via checked.be.