TOUCAN MANAGEMENT: 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 MANAGEMENT
Largest movements
- Cash +€185,828
up €185,828 (+299.1%), from €62,128 to €247,956
mainly Net result for the year (+€127,125) and Tax, wage and social debts (+€48,645)
- Receivables within one year -€9,820
down €9,820 (-98.2%), from €10,000 to €180
of which Trade receivables: -€9,820
- Reserves +€127,125
up €127,125 (+278.3%), from €45,673 to €172,799
- Tax, wage and social debts +€48,645
up €48,645 (+252.1%), from €19,295 to €67,940
of which Taxes: +€48,631
- Gross operating margin +€104,944
up €104,944 (+163.7%), from €64,111 to €169,055
- Taxes +€27,172
up €27,172 (+178.7%), from €15,203 to €42,375
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 | €242,117 | €418,044 | +€175,927 | +72.7% |
| Fixed assets | 21/28 | €169,989 | €169,907 | -€81 | 0.0% |
| Tangible fixed assets | 22/27 | €766 | €684 | -€81 | -10.6% |
| Furniture and vehicles | 24 | €766 | €684 | -€81 | -10.6% |
| Financial fixed assets | 28 | €169,223 | €169,223 | = | 0.0% |
| Current assets | 29/58 | €72,128 | €248,136 | +€176,008 | +244.0% |
| Amounts receivable within one year | 40/41 | €10,000 | €180 | -€9,820 | -98.2% |
| Trade receivables | 40 | €10,000 | €180 | -€9,820 | -98.2% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €62,128 | €247,956 | +€185,828 | +299.1% |
| Total equity and liabilities | 10/49 | €242,117 | €418,044 | +€175,927 | +72.7% |
| Equity | 10/15 | €46,673 | €173,799 | +€127,125 | +272.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €45,673 | €172,799 | +€127,125 | +278.3% |
| Distributable reserves | 133 | €45,673 | €172,799 | +€127,125 | +278.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €195,443 | €244,245 | +€48,802 | +25.0% |
| Amounts payable after more than one year | 17 | €168,223 | €168,223 | = | 0.0% |
| Other amounts payable | 178/9 | €168,223 | €168,223 | = | 0.0% |
| Amounts payable within one year | 42/48 | €27,220 | €76,022 | +€48,802 | +179.3% |
| Trade debts | 44 | €925 | €1,082 | +€157 | +17.0% |
| Suppliers | 440/4 | €925 | €1,082 | +€157 | +17.0% |
| Taxes, remuneration and social security | 45 | €19,295 | €67,940 | +€48,645 | +252.1% |
| Taxes | 450/3 | €17,470 | €66,100 | +€48,631 | +278.4% |
| Remuneration and social security | 454/9 | €1,826 | €1,840 | +€14 | +0.8% |
| Other amounts payable | 47/48 | €7,000 | €7,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47 | €81 | +€34 | +72.6% |
| Other operating charges | 640/8 | €0 | €400 | +€400 | |
| Gross operating margin | 9900 | €64,111 | €169,055 | +€104,944 | +163.7% |
| Operating profit (loss) | 9901 | €64,064 | €168,574 | +€104,510 | +163.1% |
| Financial income | 75/76B | €150 | €926 | +€776 | +518.0% |
| Recurring financial income | 75 | €150 | €926 | +€776 | +518.0% |
| Financial charges | 65/66B | €63 | €0 | -€63 | -100.0% |
| Recurring financial charges | 65 | €63 | €0 | -€63 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €64,151 | €169,501 | +€105,350 | +164.2% |
| Income taxes | 67/77 | €15,203 | €42,375 | +€27,172 | +178.7% |
| Profit (loss) for the period | 9904 | €48,948 | €127,125 | +€78,177 | +159.7% |
| Profit (loss) for the period to be appropriated | 9905 | €48,948 | €127,125 | +€78,177 | +159.7% |
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 11 October 2026 via checked.be.