TOSCA: 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.
TOSCA
Largest movements
- Cash +€223,232
up €223,232 (+661%), from €33,769 to €257,002
mainly Short-term financial debts (+€196,273) and Net result for the year (+€59,607)
- Receivables within one year +€67,283
up €67,283 (+56.3%), from €119,595 to €186,878
- Short-term financial debts +€196,273
up €196,273 (+215%), from €91,222 to €287,495
- Reserves +€48,498
up €48,498 (+18,962%), from €256 to €48,754
of which Distributable reserves: +€39,822
- Tax, wage and social debts +€17,584
up €17,584 (+130%), from €13,557 to €31,141
- Trade debts +€16,162
up €16,162 (+569%), from €2,841 to €19,003
- Profit (loss) carried forward +€11,108
no longer reported in 2025 (was -€11,108)
- Financial income +€48,018
up €48,018 (+1,028%), from €4,672 to €52,691
- Gross operating margin -€16,220
down €16,220 (-29.3%), from €55,363 to €39,143
- Taxes +€13,967
up €13,967 (+93.4%), from €14,958 to €28,925
- Depreciation -€13,058
down €13,058 (-93.6%), from €13,948 to €890
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 | €183,530 | €473,155 | +€289,625 | +158% |
| Fixed assets | 21/28 | €30,166 | €29,276 | -€890 | -3.0% |
| Tangible fixed assets | 22/27 | €30,166 | €29,276 | -€890 | -3.0% |
| Land and buildings | 22 | €29,560 | €29,276 | -€284 | -1.0% |
| Plant, machinery and equipment | 23 | €140 | - | -€140 | |
| Furniture and vehicles | 24 | €466 | - | -€466 | |
| Current assets | 29/58 | €153,365 | €443,879 | +€290,515 | +189% |
| Amounts receivable within one year | 40/41 | €119,595 | €186,878 | +€67,283 | +56.3% |
| Other amounts receivable | 41 | €119,595 | €186,878 | +€67,283 | +56.3% |
| Cash at bank and in hand | 54/58 | €33,769 | €257,002 | +€223,232 | +661% |
| Total equity and liabilities | 10/49 | €183,530 | €473,155 | +€289,625 | +158% |
| Equity | 10/15 | €75,910 | €135,517 | +€59,607 | +78.5% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €256 | €48,754 | +€48,498 | +18,962% |
| Non-distributable reserves | 130/1 | - | €8,676 | +€8,676 | |
| Legal reserve | 130 | - | €8,676 | +€8,676 | |
| Tax-exempt reserves | 132 | €256 | €256 | = | 0.0% |
| Distributable reserves | 133 | - | €39,822 | +€39,822 | |
| Profit (loss) carried forward | 14 | -€11,108 | - | +€11,108 | |
| Amounts payable | 17/49 | €107,620 | €337,638 | +€230,018 | +214% |
| Amounts payable within one year | 42/48 | €107,620 | €337,638 | +€230,018 | +214% |
| Financial debts | 43 | €91,222 | €287,495 | +€196,273 | +215% |
| Other loans | 439 | €91,222 | €287,495 | +€196,273 | +215% |
| Trade debts | 44 | €2,841 | €19,003 | +€16,162 | +569% |
| Suppliers | 440/4 | €2,841 | €19,003 | +€16,162 | +569% |
| Taxes, remuneration and social security | 45 | €13,557 | €31,141 | +€17,584 | +130% |
| Taxes | 450/3 | €13,557 | €31,141 | +€17,584 | +130% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,948 | €890 | -€13,058 | -93.6% |
| Other operating charges | 640/8 | €1,995 | €2,049 | +€54 | +2.7% |
| Gross operating margin | 9900 | €55,363 | €39,143 | -€16,220 | -29.3% |
| Operating profit (loss) | 9901 | €39,420 | €36,203 | -€3,216 | -8.2% |
| Financial income | 75/76B | €4,672 | €52,691 | +€48,018 | +1,028% |
| Recurring financial income | 75 | €4,672 | €52,691 | +€48,018 | +1,028% |
| Financial charges | 65/66B | €264 | €362 | +€98 | +36.9% |
| Recurring financial charges | 65 | €264 | €362 | +€98 | +36.9% |
| Profit (loss) for the period before taxes | 9903 | €43,827 | €88,532 | +€44,705 | +102% |
| Income taxes | 67/77 | €14,958 | €28,925 | +€13,967 | +93.4% |
| Profit (loss) for the period | 9904 | €28,869 | €59,607 | +€30,738 | +106% |
| Profit (loss) for the period to be appropriated | 9905 | €28,869 | €59,607 | +€30,738 | +106% |
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 13 October 2026 via checked.be.