TOULAR: 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.
TOULAR
Largest movements
- Tangible fixed assets +€32,551
up €32,551 (+73.9%), from €44,046 to €76,597
of which Land and buildings: +€42,339
- Cash -€18,395
down €18,395 (-53.1%), from €34,633 to €16,238
mainly Investment in fixed assets (net) (-€43,433) and Receivables within one year (-€10,037)
- Receivables within one year +€10,037
up €10,037 (+1,377%), from €729 to €10,766
of which Trade receivables: +€10,000
- Reserves +€23,221
up €23,221 (+5.3%), from €441,081 to €464,302
- Other debts -€9,856
down €9,856 (-19.2%), from €51,204 to €41,348
- Trade debts +€7,144
up €7,144 (+18,071%), from €40 to €7,183
- Gross operating margin +€23,123
up €23,123 (+112%), from €20,715 to €43,838
- Financial income -€15,000
down €15,000 (-100.0%), from €15,000 to €0
- Depreciation +€5,988
up €5,988 (+122%), from €4,894 to €10,882
- Taxes +€5,963
up €5,963 (+182%), from €3,271 to €9,234
- Staff costs -€2,016
no longer reported in 2025 (was €2,016)
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 | €495,908 | €520,226 | +€24,318 | +4.9% |
| Fixed assets | 21/28 | €460,546 | €493,097 | +€32,551 | +7.1% |
| Tangible fixed assets | 22/27 | €44,046 | €76,597 | +€32,551 | +73.9% |
| Land and buildings | 22 | - | €42,339 | +€42,339 | |
| Furniture and vehicles | 24 | €44,046 | €34,258 | -€9,788 | -22.2% |
| Financial fixed assets | 28 | €416,500 | €416,500 | = | 0.0% |
| Current assets | 29/58 | €35,362 | €27,129 | -€8,233 | -23.3% |
| Amounts receivable within one year | 40/41 | €729 | €10,766 | +€10,037 | +1,377% |
| Trade receivables | 40 | - | €10,000 | +€10,000 | |
| Other amounts receivable | 41 | €729 | €766 | +€37 | +5.0% |
| Cash at bank and in hand | 54/58 | €34,633 | €16,238 | -€18,395 | -53.1% |
| Deferred charges and accrued income | 490/1 | - | €125 | +€125 | |
| Total equity and liabilities | 10/49 | €495,908 | €520,226 | +€24,318 | +4.9% |
| Equity | 10/15 | €444,181 | €467,402 | +€23,221 | +5.2% |
| Contributions | 10/11 | €3,100 | €3,100 | = | 0.0% |
| Reserves | 13 | €441,081 | €464,302 | +€23,221 | +5.3% |
| Distributable reserves | 133 | €441,081 | €464,302 | +€23,221 | +5.3% |
| Amounts payable | 17/49 | €51,727 | €52,824 | +€1,097 | +2.1% |
| Amounts payable within one year | 42/48 | €51,727 | €52,824 | +€1,097 | +2.1% |
| Trade debts | 44 | €40 | €7,183 | +€7,144 | +18,071% |
| Suppliers | 440/4 | €40 | €7,183 | +€7,144 | +18,071% |
| Taxes, remuneration and social security | 45 | €483 | €4,293 | +€3,809 | +788% |
| Taxes | 450/3 | €483 | €2,450 | +€1,967 | +407% |
| Remuneration and social security | 454/9 | - | €1,842 | +€1,842 | |
| Other amounts payable | 47/48 | €51,204 | €41,348 | -€9,856 | -19.2% |
| Remuneration, social security and pensions | 62 | €2,016 | - | -€2,016 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,894 | €10,882 | +€5,988 | +122% |
| Other operating charges | 640/8 | €189 | €330 | +€141 | +74.8% |
| Gross operating margin | 9900 | €20,715 | €43,838 | +€23,123 | +112% |
| Operating profit (loss) | 9901 | €13,617 | €32,626 | +€19,009 | +140% |
| Financial income | 75/76B | €15,000 | €0 | -€15,000 | -100.0% |
| Recurring financial income | 75 | €15,000 | €0 | -€15,000 | -100.0% |
| Financial charges | 65/66B | €0 | €171 | +€171 | +114,120% |
| Recurring financial charges | 65 | €0 | €171 | +€171 | +114,120% |
| Profit (loss) for the period before taxes | 9903 | €28,617 | €32,455 | +€3,838 | +13.4% |
| Income taxes | 67/77 | €3,271 | €9,234 | +€5,963 | +182% |
| Profit (loss) for the period | 9904 | €25,346 | €23,221 | -€2,125 | -8.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,346 | €23,221 | -€2,125 | -8.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.