TOSH: what changed
Two fiscal 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.
TOSH
Largest movements
- Tangible fixed assets -€519,807
down €519,807 (-3.7%), from €13.9m to €13.4m
of which Land and buildings: -€470,368
- Cash -€314,788
down €314,788 (-76.0%), from €414,434 to €99,646
mainly Debts after one year (-€615,485) and Accrued charges and deferred income (-€270,270)
- Debts after one year -€615,485
down €615,485 (-4.9%), from €12.5m to €11.9m
- Accrued charges and deferred income -€270,270
down €270,270 (-99.8%), from €270,771 to €501
- Turnover -€179,678
down €179,678 (-18.1%), from €992,661 to €812,983
- Taxes -€50,615
down €50,615 (-89.6%), from €56,493 to €5,878
- Services and other goods +€22,374
up €22,374 (+130.6%), from €17,134 to €39,508
- Other operating charges +€13,637
up €13,637 (+119.7%), from €11,396 to €25,033
- Financial charges -€10,089
down €10,089 (-4.8%), from €210,485 to €200,396
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.
Cash bridge derived
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 | €14,327,905 | €13,468,478 | -€859,427 | -6.0% |
| Fixed assets | 21/28 | €13,884,401 | €13,364,594 | -€519,807 | -3.7% |
| Tangible fixed assets | 22/27 | €13,884,401 | €13,364,594 | -€519,807 | -3.7% |
| Land and buildings | 22 | €13,721,128 | €13,250,760 | -€470,368 | -3.4% |
| Plant, machinery and equipment | 23 | €163,273 | €113,834 | -€49,439 | -30.3% |
| Current assets | 29/58 | €443,505 | €103,884 | -€339,621 | -76.6% |
| Amounts receivable within one year | 40/41 | €25,044 | €2,223 | -€22,821 | -91.1% |
| Trade receivables | 40 | €12,803 | - | -€12,803 | |
| Other amounts receivable | 41 | €12,242 | €2,223 | -€10,019 | -81.8% |
| Cash at bank and in hand | 54/58 | €414,434 | €99,646 | -€314,788 | -76.0% |
| Deferred charges and accrued income | 490/1 | €4,026 | €2,015 | -€2,011 | -50.0% |
| Total equity and liabilities | 10/49 | €14,327,905 | €13,468,478 | -€859,427 | -6.0% |
| Equity | 10/15 | €911,171 | €928,805 | +€17,634 | +1.9% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €634,805 | €634,805 | +€0 | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €624,805 | €624,805 | +€0 | 0.0% |
| Profit (loss) carried forward | 14 | €176,366 | €194,000 | +€17,634 | +10.0% |
| Amounts payable | 17/49 | €13,416,735 | €12,539,673 | -€877,062 | -6.5% |
| Amounts payable after more than one year | 17 | €12,521,441 | €11,905,956 | -€615,485 | -4.9% |
| Financial debts | 170/4 | €12,521,441 | €11,905,956 | -€615,485 | -4.9% |
| Credit institutions | 173 | €4,781,250 | €4,406,250 | -€375,000 | -7.8% |
| Other loans | 174 | €7,740,191 | €7,499,706 | -€240,485 | -3.1% |
| Amounts payable within one year | 42/48 | €624,523 | €633,216 | +€8,693 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €612,352 | €615,485 | +€3,133 | +0.5% |
| Trade debts | 44 | €678 | €17,731 | +€17,053 | +2516.2% |
| Suppliers | 440/4 | €678 | €17,731 | +€17,053 | +2516.2% |
| Taxes, remuneration and social security | 45 | €11,493 | - | -€11,493 | |
| Taxes | 450/3 | €11,493 | - | -€11,493 | |
| Accrued charges and deferred income | 492/3 | €270,771 | €501 | -€270,270 | -99.8% |
| Operating income | 70/76A | €992,661 | €812,983 | -€179,678 | -18.1% |
| Turnover | 70 | €992,661 | €812,983 | -€179,678 | -18.1% |
| Operating charges | 60/66A | €555,191 | €591,577 | +€36,386 | +6.6% |
| Services and other goods | 61 | €17,134 | €39,508 | +€22,374 | +130.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €526,661 | €527,036 | +€375 | +0.1% |
| Other operating charges | 640/8 | €11,396 | €25,033 | +€13,637 | +119.7% |
| Operating profit (loss) | 9901 | €437,470 | €221,406 | -€216,064 | -49.4% |
| Financial income | 75/76B | €5,874 | €2,502 | -€3,372 | -57.4% |
| Recurring financial income | 75 | €5,874 | €2,502 | -€3,372 | -57.4% |
| Income from current assets | 751 | €5,874 | €2,502 | -€3,372 | -57.4% |
| Financial charges | 65/66B | €210,485 | €200,396 | -€10,089 | -4.8% |
| Recurring financial charges | 65 | €210,485 | €200,396 | -€10,089 | -4.8% |
| Debt charges | 650 | €210,333 | €200,396 | -€9,937 | -4.7% |
| Other financial charges | 652/9 | €152 | - | -€152 | |
| Profit (loss) for the period before taxes | 9903 | €232,860 | €23,512 | -€209,348 | -89.9% |
| Income taxes | 67/77 | €56,493 | €5,878 | -€50,615 | -89.6% |
| Taxes | 670/3 | €56,493 | €5,878 | -€50,615 | -89.6% |
| Profit (loss) for the period | 9904 | €176,366 | €17,634 | -€158,732 | -90.0% |
| Profit (loss) for the period to be appropriated | 9905 | €176,366 | €17,634 | -€158,732 | -90.0% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.