TOXAN: 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.
TOXAN
Largest movements
- Receivables within one year -€40,168
down €40,168 (-67.2%), from €59,775 to €19,608
of which Other amounts receivable: -€40,028
- Tangible fixed assets -€28,138
down €28,138 (-24.7%), from €113,859 to €85,721
- Cash +€4,162
up €4,162 (+45.3%), from €9,184 to €13,346
mainly Receivables within one year (+€40,168) and Depreciation (+€28,138)
- Deferred charges and accrued income -€2,205
down €2,205 (-63.1%), from €3,494 to €1,288
- Debts after one year -€24,567
down €24,567 (-31.0%), from €79,261 to €54,695
- Reserves -€22,560
down €22,560 (-62.0%), from €36,367 to €13,807
of which Distributable reserves: -€22,560
- Profit (loss) carried forward -€11,088
down €11,088 (-100%), from €11,088 to €0
- Other debts -€8,000
down €8,000 (-97.8%), from €8,177 to €177
- Depreciation +€1,307
up €1,307 (+4.9%), from €26,831 to €28,138
- Financial charges -€535
down €535 (-11.4%), from €4,678 to €4,143
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 | €186,313 | €119,964 | -€66,349 | -35.6% |
| Fixed assets | 21/28 | €113,859 | €85,721 | -€28,138 | -24.7% |
| Tangible fixed assets | 22/27 | €113,859 | €85,721 | -€28,138 | -24.7% |
| Furniture and vehicles | 24 | €113,859 | €85,721 | -€28,138 | -24.7% |
| Current assets | 29/58 | €72,453 | €34,242 | -€38,211 | -52.7% |
| Amounts receivable within one year | 40/41 | €59,775 | €19,608 | -€40,168 | -67.2% |
| Trade receivables | 40 | €14,660 | €14,520 | -€140 | -1.0% |
| Other amounts receivable | 41 | €45,115 | €5,088 | -€40,028 | -88.7% |
| Cash at bank and in hand | 54/58 | €9,184 | €13,346 | +€4,162 | +45.3% |
| Deferred charges and accrued income | 490/1 | €3,494 | €1,288 | -€2,205 | -63.1% |
| Total equity and liabilities | 10/49 | €186,313 | €119,964 | -€66,349 | -35.6% |
| Equity | 10/15 | €72,255 | €38,607 | -€33,649 | -46.6% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €36,367 | €13,807 | -€22,560 | -62.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €36,367 | €13,807 | -€22,560 | -62.0% |
| Profit (loss) carried forward | 14 | €11,088 | €0 | -€11,088 | -100% |
| Amounts payable | 17/49 | €114,058 | €81,357 | -€32,701 | -28.7% |
| Amounts payable after more than one year | 17 | €79,261 | €54,695 | -€24,567 | -31.0% |
| Financial debts | 170/4 | €79,261 | €54,695 | -€24,567 | -31.0% |
| Amounts payable within one year | 42/48 | €34,796 | €26,662 | -€8,134 | -23.4% |
| Financial debts | 43 | €23,535 | €24,567 | +€1,032 | +4.4% |
| Credit institutions | 430/8 | €23,535 | €24,567 | +€1,032 | +4.4% |
| Trade debts | 44 | €2,960 | €1,681 | -€1,279 | -43.2% |
| Suppliers | 440/4 | €2,960 | €1,681 | -€1,279 | -43.2% |
| Taxes, remuneration and social security | 45 | €125 | €238 | +€113 | +90.7% |
| Taxes | 450/3 | €125 | €238 | +€113 | +90.7% |
| Other amounts payable | 47/48 | €8,177 | €177 | -€8,000 | -97.8% |
| Non-recurring operating income | 76A | €646 | €3,728 | +€3,083 | +477% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,831 | €28,138 | +€1,307 | +4.9% |
| Other operating charges | 640/8 | €1,607 | €1,508 | -€99 | -6.2% |
| Gross operating margin | 9900 | €30,307 | €30,378 | +€72 | +0.2% |
| Operating profit (loss) | 9901 | €1,869 | €733 | -€1,136 | -60.8% |
| Financial charges | 65/66B | €4,678 | €4,143 | -€535 | -11.4% |
| Recurring financial charges | 65 | €4,678 | €4,143 | -€535 | -11.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,810 | -€3,411 | -€601 | -21.4% |
| Income taxes | 67/77 | €125 | €238 | +€113 | +90.7% |
| Profit (loss) for the period | 9904 | -€2,934 | -€3,649 | -€714 | -24.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,934 | -€3,649 | -€714 | -24.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.