Toucan: 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.
Toucan
Largest movements
- Stocks and contracts +€459,389
up €459,389 (+1010.3%), from €45,471 to €504,860
- Current investments -€250,000
down €250,000 (-100.0%), from €250,000 to €0
- Receivables within one year -€163,645
down €163,645 (-25.3%), from €646,462 to €482,817
of which Trade receivables: -€84,729
- Intangible fixed assets +€108,489
up €108,489 (+238.2%), from €45,545 to €154,034
- Tangible fixed assets +€77,700
up €77,700 (+15.2%), from €510,184 to €587,884
of which Plant, machinery and equipment: +€82,037
- Trade debts +€333,823
up €333,823 (+164.8%), from €202,545 to €536,368
- Debts after one year -€113,133
down €113,133 (-36.7%), from €308,640 to €195,507
- Other debts +€100,659
up €100,659 (+21.4%), from €470,555 to €571,214
- Tax, wage and social debts -€31,168
down €31,168 (-23.4%), from €132,930 to €101,762
of which Taxes: -€26,090
- Current portion of long-term debt -€23,650
down €23,650 (-16.3%), from €145,116 to €121,466
- Gross operating margin -€169,641
down €169,641 (-25.0%), from €679,869 to €510,228
- Staff costs +€35,281
up €35,281 (+8.1%), from €433,737 to €469,018
- Financial income -€33,079
down €33,079 (-45.2%), from €73,251 to €40,172
- Taxes -€28,259
down €28,259 (-88.4%), from €31,965 to €3,706
- Financial charges -€27,852
down €27,852 (-69.3%), from €40,207 to €12,355
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 | €1,573,112 | €1,865,998 | +€292,886 | +18.6% |
| Fixed assets | 21/28 | €555,866 | €744,244 | +€188,378 | +33.9% |
| Intangible fixed assets | 21 | €45,545 | €154,034 | +€108,489 | +238.2% |
| Tangible fixed assets | 22/27 | €510,184 | €587,884 | +€77,700 | +15.2% |
| Land and buildings | 22 | €452,163 | €447,825 | -€4,338 | -1.0% |
| Plant, machinery and equipment | 23 | €58,022 | €140,059 | +€82,037 | +141.4% |
| Financial fixed assets | 28 | €137 | €2,327 | +€2,190 | +1598.4% |
| Current assets | 29/58 | €1,017,246 | €1,121,753 | +€104,507 | +10.3% |
| Stocks and contracts in progress | 3 | €45,471 | €504,860 | +€459,389 | +1010.3% |
| Stocks | 30/36 | €45,471 | €504,860 | +€459,389 | +1010.3% |
| Amounts receivable within one year | 40/41 | €646,462 | €482,817 | -€163,645 | -25.3% |
| Trade receivables | 40 | €483,584 | €398,855 | -€84,729 | -17.5% |
| Other amounts receivable | 41 | €162,878 | €83,962 | -€78,916 | -48.5% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €69,913 | €131,500 | +€61,587 | +88.1% |
| Deferred charges and accrued income | 490/1 | €5,400 | €2,577 | -€2,823 | -52.3% |
| Total equity and liabilities | 10/49 | €1,573,112 | €1,865,998 | +€292,886 | +18.6% |
| Equity | 10/15 | €311,366 | €315,576 | +€4,210 | +1.4% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €92,766 | €96,976 | +€4,210 | +4.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €92,766 | €96,976 | +€4,210 | +4.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,261,746 | €1,550,421 | +€288,675 | +22.9% |
| Amounts payable after more than one year | 17 | €308,640 | €195,507 | -€113,133 | -36.7% |
| Financial debts | 170/4 | €308,640 | €195,507 | -€113,133 | -36.7% |
| Amounts payable within one year | 42/48 | €951,147 | €1,353,730 | +€402,583 | +42.3% |
| Current portion of amounts payable after more than one year | 42 | €145,116 | €121,466 | -€23,650 | -16.3% |
| Financial debts | 43 | €0 | €5,042 | +€5,042 | |
| Credit institutions | 430/8 | €0 | €5,042 | +€5,042 | |
| Trade debts | 44 | €202,545 | €536,368 | +€333,823 | +164.8% |
| Suppliers | 440/4 | €202,545 | €536,368 | +€333,823 | +164.8% |
| Advances received on contracts in progress | 46 | €0 | €17,878 | +€17,878 | |
| Taxes, remuneration and social security | 45 | €132,930 | €101,762 | -€31,168 | -23.4% |
| Taxes | 450/3 | €61,160 | €35,070 | -€26,090 | -42.7% |
| Remuneration and social security | 454/9 | €71,771 | €66,692 | -€5,079 | -7.1% |
| Other amounts payable | 47/48 | €470,555 | €571,214 | +€100,659 | +21.4% |
| Accrued charges and deferred income | 492/3 | €1,959 | €1,185 | -€774 | -39.5% |
| Non-recurring operating income | 76A | - | €165 | +€165 | |
| Remuneration, social security and pensions | 62 | €433,737 | €469,018 | +€35,281 | +8.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,759 | €50,659 | +€3,900 | +8.3% |
| Other operating charges | 640/8 | €10,437 | €10,453 | +€16 | +0.1% |
| Gross operating margin | 9900 | €679,869 | €510,228 | -€169,641 | -25.0% |
| Operating profit (loss) | 9901 | €188,936 | -€19,901 | -€208,837 | |
| Financial income | 75/76B | €73,251 | €40,172 | -€33,079 | -45.2% |
| Recurring financial income | 75 | €73,251 | €40,172 | -€33,079 | -45.2% |
| Financial charges | 65/66B | €40,207 | €12,355 | -€27,852 | -69.3% |
| Recurring financial charges | 65 | €40,207 | €12,355 | -€27,852 | -69.3% |
| Profit (loss) for the period before taxes | 9903 | €221,980 | €7,916 | -€214,064 | -96.4% |
| Income taxes | 67/77 | €31,965 | €3,706 | -€28,259 | -88.4% |
| Profit (loss) for the period | 9904 | €190,015 | €4,211 | -€185,804 | -97.8% |
| Profit (loss) for the period to be appropriated | 9905 | €190,015 | €4,211 | -€185,804 | -97.8% |
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 10 October 2026 via checked.be.