TOSTE: 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.
TOSTE
Largest movements
- Cash +€1.0m
up €1.0m (+635%), from €159,271 to €1.2m
mainly Other debts (+€1.3m) and Short-term financial debts (+€1.2m)
- Tangible fixed assets +€957,878
up €957,878 (+34.3%), from €2.8m to €3.8m
of which Land and buildings: +€930,738
- Other debts +€1.3m
up €1.3m (+19,453%), from €6,663 to €1.3m
- Short-term financial debts +€1.2m
up €1.2m (+329%), from €350,000 to €1.5m
- Trade debts -€283,036
down €283,036 (-93.5%), from €302,863 to €19,827
- Profit (loss) carried forward -€88,253
down €88,253, from €50,700 to -€37,552
- Tax, wage and social debts -€49,823
down €49,823 (-39.4%), from €126,360 to €76,538
- Gross operating margin -€180,972
down €180,972 (-36.7%), from €493,401 to €312,429
- Taxes -€56,283
down €56,283 (-99.4%), from €56,617 to €335
- Depreciation +€54,270
up €54,270 (+74.7%), from €72,677 to €126,947
- Financial charges +€21,395
up €21,395 (+95.8%), from €22,323 to €43,718
- Other operating charges +€20,159
up €20,159 (+9.6%), from €210,848 to €231,007
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 | €2,973,708 | €4,964,132 | +€2.0m | +66.9% |
| Fixed assets | 21/28 | €2,806,668 | €3,764,546 | +€957,878 | +34.1% |
| Tangible fixed assets | 22/27 | €2,795,668 | €3,753,546 | +€957,878 | +34.3% |
| Land and buildings | 22 | €1,646,873 | €2,577,611 | +€930,738 | +56.5% |
| Plant, machinery and equipment | 23 | €117,615 | €199,488 | +€81,873 | +69.6% |
| Furniture and vehicles | 24 | €38,586 | €30,129 | -€8,456 | -21.9% |
| Leasing and similar rights | 25 | €978,562 | €935,605 | -€42,957 | -4.4% |
| Other tangible fixed assets | 26 | €14,033 | €10,713 | -€3,320 | -23.7% |
| Financial fixed assets | 28 | €11,000 | €11,000 | = | 0.0% |
| Current assets | 29/58 | €167,040 | €1,199,586 | +€1.0m | +618% |
| Amounts receivable within one year | 40/41 | €0 | €24,025 | +€24,025 | |
| Trade receivables | 40 | - | €19,360 | +€19,360 | |
| Other amounts receivable | 41 | €0 | €4,665 | +€4,665 | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €159,271 | €1,170,970 | +€1.0m | +635% |
| Deferred charges and accrued income | 490/1 | €7,769 | €4,590 | -€3,179 | -40.9% |
| Total equity and liabilities | 10/49 | €2,973,708 | €4,964,132 | +€2.0m | +66.9% |
| Equity | 10/15 | €1,574,351 | €1,486,099 | -€88,253 | -5.6% |
| Contributions | 10/11 | €1,290,000 | €1,290,000 | = | 0.0% |
| Reserves | 13 | €233,651 | €233,651 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €233,651 | €233,651 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,700 | -€37,552 | -€88,253 | |
| Amounts payable | 17/49 | €1,399,357 | €3,478,033 | +€2.1m | +149% |
| Amounts payable after more than one year | 17 | €574,363 | €538,801 | -€35,561 | -6.2% |
| Financial debts | 170/4 | €574,363 | €538,801 | -€35,561 | -6.2% |
| Amounts payable within one year | 42/48 | €820,569 | €2,934,752 | +€2.1m | +258% |
| Current portion of amounts payable after more than one year | 42 | €34,683 | €35,561 | +€879 | +2.5% |
| Financial debts | 43 | €350,000 | €1,500,000 | +€1.2m | +329% |
| Credit institutions | 430/8 | €350,000 | €1,500,000 | +€1.2m | +329% |
| Trade debts | 44 | €302,863 | €19,827 | -€283,036 | -93.5% |
| Suppliers | 440/4 | €302,863 | €19,827 | -€283,036 | -93.5% |
| Taxes, remuneration and social security | 45 | €126,360 | €76,538 | -€49,823 | -39.4% |
| Taxes | 450/3 | €126,360 | €76,538 | -€49,823 | -39.4% |
| Other amounts payable | 47/48 | €6,663 | €1,302,825 | +€1.3m | +19,453% |
| Accrued charges and deferred income | 492/3 | €4,425 | €4,480 | +€55 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,677 | €126,947 | +€54,270 | +74.7% |
| Other operating charges | 640/8 | €210,848 | €231,007 | +€20,159 | +9.6% |
| Gross operating margin | 9900 | €493,401 | €312,429 | -€180,972 | -36.7% |
| Operating profit (loss) | 9901 | €209,876 | -€45,525 | -€255,401 | |
| Financial income | 75/76B | €3,041 | €1,325 | -€1,716 | -56.4% |
| Recurring financial income | 75 | €3,041 | €1,325 | -€1,716 | -56.4% |
| Financial charges | 65/66B | €22,323 | €43,718 | +€21,395 | +95.8% |
| Recurring financial charges | 65 | €22,323 | €43,718 | +€21,395 | +95.8% |
| Profit (loss) for the period before taxes | 9903 | €190,594 | -€87,918 | -€278,512 | |
| Income taxes | 67/77 | €56,617 | €335 | -€56,283 | -99.4% |
| Profit (loss) for the period | 9904 | €133,977 | -€88,253 | -€222,229 | |
| Profit (loss) for the period to be appropriated | 9905 | €133,977 | -€88,253 | -€222,229 |
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 18 October 2026 via checked.be.