TOUMANAC: what changed
Two fiscal 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.
TOUMANAC
Largest movements
- Current investments +€313,991
up €313,991 (+166.1%), from €189,000 to €502,990
- Cash -€249,852
down €249,852 (-94.9%), from €263,359 to €13,507
mainly Current investments (-€313,991) and Contributions, distributions and other (-€72,132)
- Reserves +€93,414
up €93,414 (+25.5%), from €366,058 to €459,473
- Profit (loss) carried forward -€72,132
down €72,132 (-100.0%), from €72,132 to €0
- Other debts +€62,138
new in 2025: €62,138
- Current portion of long-term debt -€8,592
down €8,592 (-75.8%), from €11,342 to €2,750
- Tax, wage and social debts -€7,446
down €7,446 (-44.4%), from €16,788 to €9,341
- Gross operating margin -€52,195
down €52,195 (-35.7%), from €146,043 to €93,848
- Financial income -€32,446
down €32,446 (-41.0%), from €79,075 to €46,629
- Taxes -€20,427
down €20,427 (-40.1%), from €50,896 to €30,468
- Financial charges +€9,431
up €9,431 (+439.2%), from €2,147 to €11,578
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 | €469,859 | €537,239 | +€67,380 | +14.3% |
| Fixed assets | 21/28 | €7,092 | €4,060 | -€3,032 | -42.8% |
| Tangible fixed assets | 22/27 | €5,967 | €2,935 | -€3,032 | -50.8% |
| Furniture and vehicles | 24 | €3,423 | €571 | -€2,853 | -83.3% |
| Other tangible fixed assets | 26 | €2,543 | €2,364 | -€180 | -7.1% |
| Financial fixed assets | 28 | €1,125 | €1,125 | = | 0.0% |
| Current assets | 29/58 | €462,767 | €533,179 | +€70,412 | +15.2% |
| Amounts receivable within one year | 40/41 | €7,865 | €11,523 | +€3,658 | +46.5% |
| Other amounts receivable | 41 | €7,865 | €11,523 | +€3,658 | +46.5% |
| Current investments | 50/53 | €189,000 | €502,990 | +€313,991 | +166.1% |
| Cash at bank and in hand | 54/58 | €263,359 | €13,507 | -€249,852 | -94.9% |
| Deferred charges and accrued income | 490/1 | €2,544 | €5,159 | +€2,615 | +102.8% |
| Total equity and liabilities | 10/49 | €469,859 | €537,239 | +€67,380 | +14.3% |
| Equity | 10/15 | €440,190 | €461,473 | +€21,283 | +4.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €366,058 | €459,473 | +€93,414 | +25.5% |
| Distributable reserves | 133 | €366,058 | €459,473 | +€93,414 | +25.5% |
| Profit (loss) carried forward | 14 | €72,132 | €0 | -€72,132 | -100.0% |
| Amounts payable | 17/49 | €29,669 | €75,766 | +€46,097 | +155.4% |
| Amounts payable within one year | 42/48 | €29,669 | €75,766 | +€46,097 | +155.4% |
| Current portion of amounts payable after more than one year | 42 | €11,342 | €2,750 | -€8,592 | -75.8% |
| Trade debts | 44 | €1,539 | €1,537 | -€3 | -0.2% |
| Suppliers | 440/4 | €1,539 | €1,537 | -€3 | -0.2% |
| Taxes, remuneration and social security | 45 | €16,788 | €9,341 | -€7,446 | -44.4% |
| Taxes | 450/3 | €16,788 | €9,341 | -€7,446 | -44.4% |
| Other amounts payable | 47/48 | - | €62,138 | +€62,138 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,623 | €3,651 | +€1,028 | +39.2% |
| Other operating charges | 640/8 | €1,573 | €1,365 | -€209 | -13.3% |
| Gross operating margin | 9900 | €146,043 | €93,848 | -€52,195 | -35.7% |
| Operating profit (loss) | 9901 | €141,846 | €88,832 | -€53,014 | -37.4% |
| Financial income | 75/76B | €79,075 | €46,629 | -€32,446 | -41.0% |
| Recurring financial income | 75 | €79,075 | €46,629 | -€32,446 | -41.0% |
| Financial charges | 65/66B | €2,147 | €11,578 | +€9,431 | +439.2% |
| Recurring financial charges | 65 | €2,147 | €11,578 | +€9,431 | +439.2% |
| Profit (loss) for the period before taxes | 9903 | €218,774 | €123,883 | -€94,891 | -43.4% |
| Income taxes | 67/77 | €50,896 | €30,468 | -€20,427 | -40.1% |
| Profit (loss) for the period | 9904 | €167,878 | €93,414 | -€74,464 | -44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €167,878 | €93,414 | -€74,464 | -44.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.