TOUAREG: 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.
TOUAREG
Largest movements
- Tangible fixed assets -€3,150
down €3,150 (-28.1%), from €11,219 to €8,070
of which Other tangible fixed assets: -€2,141
- Receivables within one year -€2,397
down €2,397 (-14.2%), from €16,896 to €14,499
of which Trade receivables: -€2,227
- Cash -€1,948
down €1,948 (-8.0%), from €24,419 to €22,470
mainly Net result for the year (-€9,233) and Trade debts (-€817)
- Profit (loss) carried forward -€9,233
down €9,233 (-6.5%), from -€141,046 to -€150,279
- Tax, wage and social debts +€2,734
up €2,734 (+44.9%), from €6,090 to €8,824
of which Remuneration and social security: +€3,070
- Trade debts -€817
down €817 (-6.6%), from €12,423 to €11,607
- Gross operating margin -€13,482
down €13,482 (-33.9%), from €39,755 to €26,273
- Staff costs +€7,508
up €7,508 (+30.4%), from €24,691 to €32,198
- Other operating charges -€543
down €543 (-86.8%), from €625 to €82
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 | €52,668 | €45,174 | -€7,494 | -14.2% |
| Fixed assets | 21/28 | €11,354 | €8,204 | -€3,150 | -27.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €11,219 | €8,070 | -€3,150 | -28.1% |
| Land and buildings | 22 | €3,550 | €2,995 | -€555 | -15.6% |
| Plant, machinery and equipment | 23 | €917 | €464 | -€454 | -49.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €6,752 | €4,611 | -€2,141 | -31.7% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €41,315 | €36,970 | -€4,345 | -10.5% |
| Amounts receivable within one year | 40/41 | €16,896 | €14,499 | -€2,397 | -14.2% |
| Trade receivables | 40 | €12,743 | €10,516 | -€2,227 | -17.5% |
| Other amounts receivable | 41 | €4,153 | €3,983 | -€170 | -4.1% |
| Cash at bank and in hand | 54/58 | €24,419 | €22,470 | -€1,948 | -8.0% |
| Total equity and liabilities | 10/49 | €52,668 | €45,174 | -€7,494 | -14.2% |
| Equity | 10/15 | -€122,359 | -€131,592 | -€9,233 | -7.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €94 | €94 | = | 0.0% |
| Non-distributable reserves | 130/1 | €94 | €94 | = | 0.0% |
| Reserves not available under the articles | 1311 | €94 | €94 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€141,046 | -€150,279 | -€9,233 | -6.5% |
| Amounts payable | 17/49 | €175,027 | €176,766 | +€1,739 | +1.0% |
| Amounts payable within one year | 42/48 | €175,027 | €176,766 | +€1,739 | +1.0% |
| Financial debts | 43 | €61 | €0 | -€61 | -100% |
| Credit institutions | 430/8 | €61 | €0 | -€61 | -100% |
| Trade debts | 44 | €12,423 | €11,607 | -€817 | -6.6% |
| Suppliers | 440/4 | €12,423 | €11,607 | -€817 | -6.6% |
| Taxes, remuneration and social security | 45 | €6,090 | €8,824 | +€2,734 | +44.9% |
| Taxes | 450/3 | €4,544 | €4,208 | -€336 | -7.4% |
| Remuneration and social security | 454/9 | €1,546 | €4,616 | +€3,070 | +199% |
| Other amounts payable | 47/48 | €156,453 | €156,336 | -€117 | -0.1% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €24,691 | €32,198 | +€7,508 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,150 | €3,150 | = | 0.0% |
| Other operating charges | 640/8 | €625 | €82 | -€543 | -86.8% |
| Gross operating margin | 9900 | €39,755 | €26,273 | -€13,482 | -33.9% |
| Operating profit (loss) | 9901 | €11,290 | -€9,157 | -€20,447 | |
| Financial income | 75/76B | €9 | - | -€9 | |
| Recurring financial income | 75 | €9 | - | -€9 | |
| Financial charges | 65/66B | €308 | €76 | -€232 | -75.4% |
| Recurring financial charges | 65 | €301 | €65 | -€236 | -78.3% |
| Non-recurring financial charges | 66B | €7 | €11 | +€3 | +45.2% |
| Profit (loss) for the period before taxes | 9903 | €10,990 | -€9,233 | -€20,223 | |
| Profit (loss) for the period | 9904 | €10,990 | -€9,233 | -€20,223 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,990 | -€9,233 | -€20,223 |
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 25 October 2026 via checked.be.