TOTO GROUP: 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.
TOTO GROUP
Largest movements
- Receivables within one year -€38,225
down €38,225 (-33.2%), from €115,070 to €76,845
of which Other amounts receivable: -€26,229
- Stocks and contracts +€28,331
up €28,331 (+77.4%), from €36,590 to €64,921
- Deferred charges and accrued income +€22,256
up €22,256 (+64.6%), from €34,452 to €56,708
- Tax, wage and social debts +€7,830
up €7,830 (+28.6%), from €27,412 to €35,242
of which Taxes: +€7,172
- Current portion of long-term debt -€7,214
down €7,214 (-92.2%), from €7,827 to €614
- Reserves +€4,973
up €4,973 (+2.2%), from €227,926 to €232,899
- Gross operating margin -€27,284
down €27,284 (-7.2%), from €380,508 to €353,224
- Other operating charges -€13,492
down €13,492 (-77.3%), from €17,455 to €3,963
- Financial income +€8,630
up €8,630 (+37.6%), from €22,945 to €31,575
- Staff costs -€6,954
down €6,954 (-1.9%), from €361,278 to €354,324
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 | €336,248 | €346,836 | +€10,588 | +3.1% |
| Fixed assets | 21/28 | €30,744 | €30,103 | -€641 | -2.1% |
| Tangible fixed assets | 22/27 | €28,053 | €27,412 | -€641 | -2.3% |
| Plant, machinery and equipment | 23 | €19,689 | €9,964 | -€9,724 | -49.4% |
| Furniture and vehicles | 24 | €8,364 | €5,154 | -€3,210 | -38.4% |
| Other tangible fixed assets | 26 | - | €12,294 | +€12,294 | |
| Financial fixed assets | 28 | €2,691 | €2,691 | = | 0.0% |
| Current assets | 29/58 | €305,504 | €316,733 | +€11,229 | +3.7% |
| Stocks and contracts in progress | 3 | €36,590 | €64,921 | +€28,331 | +77.4% |
| Stocks | 30/36 | €36,590 | €64,921 | +€28,331 | +77.4% |
| Amounts receivable within one year | 40/41 | €115,070 | €76,845 | -€38,225 | -33.2% |
| Trade receivables | 40 | €73,545 | €61,548 | -€11,997 | -16.3% |
| Other amounts receivable | 41 | €41,526 | €15,297 | -€26,229 | -63.2% |
| Cash at bank and in hand | 54/58 | €119,393 | €118,260 | -€1,133 | -0.9% |
| Deferred charges and accrued income | 490/1 | €34,452 | €56,708 | +€22,256 | +64.6% |
| Total equity and liabilities | 10/49 | €336,248 | €346,836 | +€10,588 | +3.1% |
| Equity | 10/15 | €246,518 | €251,491 | +€4,973 | +2.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Contributions outside capital | 11 | €18,592 | €18,592 | = | 0.0% |
| Share premium | 1100/10 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €227,926 | €232,899 | +€4,973 | +2.2% |
| Distributable reserves | 133 | €227,926 | €232,899 | +€4,973 | +2.2% |
| Amounts payable | 17/49 | €89,730 | €95,345 | +€5,615 | +6.3% |
| Amounts payable after more than one year | 17 | €614 | - | -€614 | |
| Financial debts | 170/4 | €614 | - | -€614 | |
| Amounts payable within one year | 42/48 | €85,072 | €91,557 | +€6,485 | +7.6% |
| Current portion of amounts payable after more than one year | 42 | €7,827 | €614 | -€7,214 | -92.2% |
| Financial debts | 43 | €19 | €2,940 | +€2,921 | +15,213% |
| Credit institutions | 430/8 | €19 | €2,940 | +€2,921 | +15,213% |
| Trade debts | 44 | €49,813 | €52,761 | +€2,948 | +5.9% |
| Suppliers | 440/4 | €49,813 | €52,761 | +€2,948 | +5.9% |
| Taxes, remuneration and social security | 45 | €27,412 | €35,242 | +€7,830 | +28.6% |
| Taxes | 450/3 | €14,052 | €21,224 | +€7,172 | +51.0% |
| Remuneration and social security | 454/9 | €13,360 | €14,018 | +€658 | +4.9% |
| Accrued charges and deferred income | 492/3 | €4,045 | €3,788 | -€256 | -6.3% |
| Non-recurring operating income | 76A | €43,886 | €74,530 | +€30,644 | +69.8% |
| Remuneration, social security and pensions | 62 | €361,278 | €354,324 | -€6,954 | -1.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,061 | €14,818 | -€2,243 | -13.1% |
| Other operating charges | 640/8 | €17,455 | €3,963 | -€13,492 | -77.3% |
| Gross operating margin | 9900 | €380,508 | €353,224 | -€27,284 | -7.2% |
| Operating profit (loss) | 9901 | -€15,287 | -€19,882 | -€4,595 | -30.1% |
| Financial income | 75/76B | €22,945 | €31,575 | +€8,630 | +37.6% |
| Recurring financial income | 75 | €22,945 | €31,575 | +€8,630 | +37.6% |
| Financial charges | 65/66B | €820 | €386 | -€434 | -52.9% |
| Recurring financial charges | 65 | €820 | €386 | -€434 | -52.9% |
| Profit (loss) for the period before taxes | 9903 | €6,839 | €11,308 | +€4,469 | +65.3% |
| Income taxes | 67/77 | €3,775 | €6,335 | +€2,560 | +67.8% |
| Profit (loss) for the period | 9904 | €3,065 | €4,973 | +€1,908 | +62.3% |
| Profit (loss) for the period to be appropriated | 9905 | €3,065 | €4,973 | +€1,908 | +62.3% |
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 27 October 2026 via checked.be.