TOSCA CAPITAL: 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 CAPITAL
Largest movements
- Receivables within one year -€10.8m
down €10.8m (-99.2%), from €10.9m to €91,077
of which Other amounts receivable: -€10.8m
- Intangible fixed assets -€535,425
down €535,425 (-33.3%), from €1.6m to €1.1m
- Other debts -€10.8m
down €10.8m (-98.3%), from €11.0m to €189,102
- Profit (loss) carried forward -€883,565
down €883,565 (-5.8%), from -€15.3m to -€16.2m
- Accrued charges and deferred income +€436,635
up €436,635 (+57.9%), from €754,156 to €1.2m
- Write-downs +€10.5m
no longer reported in 2024 (was -€10.5m)
- Financial income -€3.4m
down €3.4m (-92.4%), from €3.7m to €279,743
- Financial charges -€1.5m
down €1.5m (-71.9%), from €2.1m to €598,731
- Other operating charges -€4,400
down €4,400 (-82.0%), from €5,368 to €968
- Gross operating margin +€2,443
up €2,443 (+8.0%), from -€30,588 to -€28,145
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €12,476,599 | €1,189,047 | -€11.3m | -90.5% |
| Fixed assets | 21/28 | €1,613,813 | €1,092,499 | -€521,314 | -32.3% |
| Intangible fixed assets | 21 | €1,606,274 | €1,070,849 | -€535,425 | -33.3% |
| Tangible fixed assets | 22/27 | €39 | - | -€39 | |
| Plant, machinery and equipment | 23 | €39 | - | -€39 | |
| Financial fixed assets | 28 | €7,500 | €21,650 | +€14,150 | +189% |
| Current assets | 29/58 | €10,862,786 | €96,548 | -€10.8m | -99.1% |
| Amounts receivable within one year | 40/41 | €10,856,481 | €91,077 | -€10.8m | -99.2% |
| Trade receivables | 40 | €13,614 | - | -€13,614 | |
| Other amounts receivable | 41 | €10,842,866 | €91,077 | -€10.8m | -99.2% |
| Cash at bank and in hand | 54/58 | €6,305 | €5,471 | -€834 | -13.2% |
| Total equity and liabilities | 10/49 | €12,476,599 | €1,189,047 | -€11.3m | -90.5% |
| Equity | 10/15 | -€14,695,246 | -€15,578,811 | -€883,565 | -6.0% |
| Contributions | 10/11 | €530,000 | €530,000 | = | 0.0% |
| Reserves | 13 | €53,000 | €53,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €53,000 | €53,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €53,000 | €53,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€15,278,246 | -€16,161,811 | -€883,565 | -5.8% |
| Amounts payable | 17/49 | €27,171,844 | €16,767,858 | -€10.4m | -38.3% |
| Amounts payable after more than one year | 17 | €15,380,000 | €15,380,000 | = | 0.0% |
| Financial debts | 170/4 | €15,380,000 | €15,380,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €11,037,688 | €197,067 | -€10.8m | -98.2% |
| Trade debts | 44 | €12,406 | €325 | -€12,081 | -97.4% |
| Suppliers | 440/4 | €12,406 | €325 | -€12,081 | -97.4% |
| Taxes, remuneration and social security | 45 | €7,640 | €7,640 | -€0 | 0.0% |
| Taxes | 450/3 | €7,640 | €7,640 | -€0 | 0.0% |
| Other amounts payable | 47/48 | €11,017,642 | €189,102 | -€10.8m | -98.3% |
| Accrued charges and deferred income | 492/3 | €754,156 | €1,190,791 | +€436,635 | +57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €535,989 | €535,464 | -€525 | -0.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€10,544,315 | - | +€10.5m | |
| Other operating charges | 640/8 | €5,368 | €968 | -€4,400 | -82.0% |
| Non-recurring operating charges | 66A | €1,800,000 | - | -€1.8m | |
| Gross operating margin | 9900 | -€30,588 | -€28,145 | +€2,443 | +8.0% |
| Operating profit (loss) | 9901 | €8,172,369 | -€564,577 | -€8.7m | |
| Financial income | 75/76B | €3,662,838 | €279,743 | -€3.4m | -92.4% |
| Recurring financial income | 75 | €3,662,838 | €279,743 | -€3.4m | -92.4% |
| Financial charges | 65/66B | €2,130,994 | €598,731 | -€1.5m | -71.9% |
| Recurring financial charges | 65 | €2,130,994 | €598,731 | -€1.5m | -71.9% |
| Profit (loss) for the period before taxes | 9903 | €9,704,212 | -€883,565 | -€10.6m | |
| Profit (loss) for the period | 9904 | €9,704,212 | -€883,565 | -€10.6m | |
| Profit (loss) for the period to be appropriated | 9905 | €9,704,212 | -€883,565 | -€10.6m |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.