TOULINE: 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.
TOULINE
Largest movements
- Receivables within one year +€412,998
up €412,998 (+202%), from €204,434 to €617,432
of which Trade receivables: +€395,000
- Tangible fixed assets -€69,535
down €69,535 (-3.0%), from €2.3m to €2.2m
of which Plant, machinery and equipment: -€91,357
- Cash +€64,843
up €64,843 (+34.6%), from €187,520 to €252,363
mainly Accrued charges and deferred income (+€483,506) and Contributions, distributions and other (+€264,931)
- Accrued charges and deferred income +€483,506
up €483,506 (+2,931%), from €16,494 to €500,000
- Other debts -€280,915
down €280,915 (-35.5%), from €790,799 to €509,884
- Reserves +€264,931
up €264,931 (+5,887%), from €4,500 to €269,431
of which Tax-exempt reserves: +€264,931
- Profit (loss) carried forward -€247,020
down €247,020 (-7.6%), from -€3.2m to -€3.5m
- Current portion of long-term debt +€183,702
up €183,702 (+6.1%), from €3.0m to €3.2m
- Depreciation +€100,107
up €100,107 (+203%), from €49,419 to €149,526
- Gross operating margin +€93,413
up €93,413 (+641%), from €14,565 to €107,978
- Financial charges +€9,176
up €9,176 (+16.9%), from €54,181 to €63,356
- Staff costs +€2,619
up €2,619 (+2.6%), from €101,743 to €104,362
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 | €2,686,830 | €3,095,435 | +€408,605 | +15.2% |
| Fixed assets | 21/28 | €2,290,396 | €2,220,861 | -€69,535 | -3.0% |
| Tangible fixed assets | 22/27 | €2,290,157 | €2,220,622 | -€69,535 | -3.0% |
| Land and buildings | 22 | €1,649,716 | €1,683,454 | +€33,738 | +2.0% |
| Plant, machinery and equipment | 23 | €336,550 | €245,193 | -€91,357 | -27.1% |
| Furniture and vehicles | 24 | €303,890 | €291,975 | -€11,916 | -3.9% |
| Financial fixed assets | 28 | €239 | €239 | = | 0.0% |
| Current assets | 29/58 | €396,433 | €874,574 | +€478,141 | +121% |
| Amounts receivable within one year | 40/41 | €204,434 | €617,432 | +€412,998 | +202% |
| Trade receivables | 40 | - | €395,000 | +€395,000 | |
| Other amounts receivable | 41 | €204,434 | €222,432 | +€17,998 | +8.8% |
| Cash at bank and in hand | 54/58 | €187,520 | €252,363 | +€64,843 | +34.6% |
| Deferred charges and accrued income | 490/1 | €4,480 | €4,779 | +€300 | +6.7% |
| Total equity and liabilities | 10/49 | €2,686,830 | €3,095,435 | +€408,605 | +15.2% |
| Equity | 10/15 | -€1,182,954 | -€1,165,044 | +€17,910 | +1.5% |
| Contributions | 10/11 | €2,062,120 | €2,062,120 | = | 0.0% |
| Capital | 10 | €2,062,120 | €2,062,120 | = | 0.0% |
| Issued capital | 100 | €2,062,120 | €2,062,120 | = | 0.0% |
| Reserves | 13 | €4,500 | €269,431 | +€264,931 | +5,887% |
| Non-distributable reserves | 130/1 | €4,500 | €4,500 | = | 0.0% |
| Legal reserve | 130 | €4,500 | €4,500 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €264,931 | +€264,931 | |
| Profit (loss) carried forward | 14 | -€3,249,574 | -€3,496,595 | -€247,020 | -7.6% |
| Amounts payable | 17/49 | €3,869,784 | €4,260,479 | +€390,695 | +10.1% |
| Amounts payable within one year | 42/48 | €3,853,290 | €3,760,479 | -€92,811 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €3,009,642 | €3,193,345 | +€183,702 | +6.1% |
| Trade debts | 44 | €21,654 | €15,574 | -€6,079 | -28.1% |
| Suppliers | 440/4 | €21,654 | €15,574 | -€6,079 | -28.1% |
| Taxes, remuneration and social security | 45 | €31,196 | €41,676 | +€10,480 | +33.6% |
| Taxes | 450/3 | €11,024 | €16,828 | +€5,804 | +52.7% |
| Remuneration and social security | 454/9 | €20,172 | €24,848 | +€4,676 | +23.2% |
| Other amounts payable | 47/48 | €790,799 | €509,884 | -€280,915 | -35.5% |
| Accrued charges and deferred income | 492/3 | €16,494 | €500,000 | +€483,506 | +2,931% |
| Remuneration, social security and pensions | 62 | €101,743 | €104,362 | +€2,619 | +2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,419 | €149,526 | +€100,107 | +203% |
| Other operating charges | 640/8 | €36,193 | €35,842 | -€351 | -1.0% |
| Non-recurring operating charges | 66A | €13,015 | €1,912 | -€11,103 | -85.3% |
| Gross operating margin | 9900 | €14,565 | €107,978 | +€93,413 | +641% |
| Operating profit (loss) | 9901 | -€185,804 | -€183,664 | +€2,140 | +1.2% |
| Financial charges | 65/66B | €54,181 | €63,356 | +€9,176 | +16.9% |
| Recurring financial charges | 65 | €54,181 | €63,356 | +€9,176 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | -€239,985 | -€247,020 | -€7,036 | -2.9% |
| Profit (loss) for the period | 9904 | -€239,985 | -€247,020 | -€7,036 | -2.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€239,985 | -€247,020 | -€7,036 | -2.9% |
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 14 October 2026 via checked.be.