TOTAN: 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.
TOTAN
Largest movements
- Tangible fixed assets +€308,971
up €308,971 (+682.8%), from €45,253 to €354,224
of which Land and buildings: +€304,062
- Cash -€11,760
down €11,760 (-36.5%), from €32,214 to €20,454
mainly Investment in fixed assets (net) (-€323,600) and Tax, wage and social debts (-€3,260)
- Intangible fixed assets -€5,938
down €5,938 (-26.7%), from €22,253 to €16,316
- Debts after one year +€261,283
up €261,283 (+1441.1%), from €18,130 to €279,413
- Current portion of long-term debt +€15,883
up €15,883 (+305.1%), from €5,207 to €21,090
- Profit (loss) carried forward +€12,402
up €12,402 (+15.6%), from €79,525 to €91,927
- Gross operating margin +€16,567
up €16,567 (+42.9%), from €38,598 to €55,165
- Depreciation +€8,813
up €8,813 (+75.0%), from €11,754 to €20,567
- Financial charges +€5,003
up €5,003 (+118.4%), from €4,226 to €9,229
- Staff costs +€1,413
up €1,413 (+25.1%), from €5,631 to €7,044
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 | €125,319 | €413,746 | +€288,427 | +230.2% |
| Fixed assets | 21/28 | €69,717 | €372,750 | +€303,033 | +434.7% |
| Intangible fixed assets | 21 | €22,253 | €16,316 | -€5,938 | -26.7% |
| Tangible fixed assets | 22/27 | €45,253 | €354,224 | +€308,971 | +682.8% |
| Land and buildings | 22 | €37,550 | €341,612 | +€304,062 | +809.8% |
| Plant, machinery and equipment | 23 | €4,830 | €3,027 | -€1,803 | -37.3% |
| Furniture and vehicles | 24 | €2,874 | €9,585 | +€6,712 | +233.6% |
| Financial fixed assets | 28 | €2,210 | €2,210 | = | 0.0% |
| Current assets | 29/58 | €55,602 | €40,996 | -€14,606 | -26.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Other amounts receivable | 291 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €22,475 | €19,757 | -€2,718 | -12.1% |
| Trade receivables | 40 | €4,834 | €0 | -€4,834 | -100.0% |
| Other amounts receivable | 41 | €17,641 | €19,757 | +€2,115 | +12.0% |
| Cash at bank and in hand | 54/58 | €32,214 | €20,454 | -€11,760 | -36.5% |
| Deferred charges and accrued income | 490/1 | €913 | €785 | -€128 | -14.1% |
| Total equity and liabilities | 10/49 | €125,319 | €413,746 | +€288,427 | +230.2% |
| Equity | 10/15 | €95,525 | €107,927 | +€12,402 | +13.0% |
| Contributions | 10/11 | €16,000 | €16,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €79,525 | €91,927 | +€12,402 | +15.6% |
| Amounts payable | 17/49 | €29,794 | €305,819 | +€276,025 | +926.4% |
| Amounts payable after more than one year | 17 | €18,130 | €279,413 | +€261,283 | +1441.1% |
| Financial debts | 170/4 | €18,130 | €279,413 | +€261,283 | +1441.1% |
| Amounts payable within one year | 42/48 | €11,664 | €26,406 | +€14,742 | +126.4% |
| Current portion of amounts payable after more than one year | 42 | €5,207 | €21,090 | +€15,883 | +305.1% |
| Trade debts | 44 | €3,197 | €5,316 | +€2,119 | +66.3% |
| Suppliers | 440/4 | €3,197 | €5,316 | +€2,119 | +66.3% |
| Taxes, remuneration and social security | 45 | €3,260 | €0 | -€3,260 | -100.0% |
| Taxes | 450/3 | €3,260 | €0 | -€3,260 | -100.0% |
| Remuneration, social security and pensions | 62 | €5,631 | €7,044 | +€1,413 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,754 | €20,567 | +€8,813 | +75.0% |
| Other operating charges | 640/8 | €2,249 | €2,347 | +€98 | +4.4% |
| Gross operating margin | 9900 | €38,598 | €55,165 | +€16,567 | +42.9% |
| Operating profit (loss) | 9901 | €18,964 | €25,207 | +€6,243 | +32.9% |
| Financial income | 75/76B | €913 | €673 | -€240 | -26.3% |
| Recurring financial income | 75 | €913 | €673 | -€240 | -26.3% |
| Financial charges | 65/66B | €4,226 | €9,229 | +€5,003 | +118.4% |
| Recurring financial charges | 65 | €4,226 | €9,229 | +€5,003 | +118.4% |
| Profit (loss) for the period before taxes | 9903 | €15,650 | €16,651 | +€1,000 | +6.4% |
| Income taxes | 67/77 | €4,136 | €4,249 | +€113 | +2.7% |
| Profit (loss) for the period | 9904 | €11,514 | €12,402 | +€888 | +7.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,514 | €12,402 | +€888 | +7.7% |
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 30 September 2026 via checked.be.