TOXON: 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.
What changed
TOXON
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€50,270
2024 · €79,165-€129,436
Equity
€4.5m
2024 · €4.5m-€50,270
Cash
€569
2024 · €7,411-€6,842
Balance sheet total
€5.4m
2024 · €5.0m+€371,229
Largest movements
Assets
- Receivables within one year +€373,968
up €373,968 (+125.5%), from €298,076 to €672,044
of which Trade receivables: +€384,493
Equity and liabilities
- Other debts +€275,580
up €275,580 (+65.1%), from €423,040 to €698,620
- Tax, wage and social debts +€134,179
up €134,179 (+160.6%), from €83,526 to €217,705
of which Taxes: +€108,301
Income statement
- Gross operating margin -€213,265
down €213,265 (-33.5%), from €636,055 to €422,790
- Taxes -€37,408
down €37,408, from €30,881 to -€6,526
- Staff costs -€31,436
down €31,436 (-6.7%), from €465,952 to €434,516
- Other operating charges -€18,057
down €18,057 (-68.9%), from €26,222 to €8,164
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.
Result 2024
€79,165
Gross operating margin
-€213,265
Staff costs
+€31,436
Depreciation
+€112
Other operating charges
+€18,057
Financial income
+€32
Financial charges
-€3,215
Taxes
+€37,408
Result 2025
-€50,270
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.
From operations
-€3,893
Investment
-€0
Financing
-€2,948
Cash 2024
€7,411
From operations (derived)
-€3,893
Net result for the year
-€50,270
Depreciation
+€1,048
Receivables after one year
-€1,151
Receivables within one year
-€373,968
Deferred charges and accrued income
-€4,000
Trade debts
+€9,533
Tax, wage and social debts
+€134,179
Other debts
+€275,580
Accrued charges and deferred income
+€5,156
Investment (derived)
-€0
Investment in fixed assets (net)
-€0
Financing
-€2,948
Current portion of long-term debt
-€2,948
Cash 2025
€569
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,038,534 | €5,409,763 | +€371,229 | +7.4% |
| Fixed assets | 21/28 | €4,731,148 | €4,730,100 | -€1,048 | 0.0% |
| Tangible fixed assets | 22/27 | €1,389 | €341 | -€1,048 | -75.4% |
| Plant, machinery and equipment | 23 | €463 | €0 | -€463 | -100.0% |
| Furniture and vehicles | 24 | €926 | €341 | -€585 | -63.2% |
| Financial fixed assets | 28 | €4,729,759 | €4,729,759 | = | 0.0% |
| Current assets | 29/58 | €307,386 | €679,663 | +€372,277 | +121.1% |
| Amounts receivable after more than one year | 29 | - | €1,151 | +€1,151 | |
| Other amounts receivable | 291 | - | €1,151 | +€1,151 | |
| Amounts receivable within one year | 40/41 | €298,076 | €672,044 | +€373,968 | +125.5% |
| Trade receivables | 40 | €274,231 | €658,724 | +€384,493 | +140.2% |
| Other amounts receivable | 41 | €23,845 | €13,320 | -€10,526 | -44.1% |
| Cash at bank and in hand | 54/58 | €7,411 | €569 | -€6,842 | -92.3% |
| Deferred charges and accrued income | 490/1 | €1,899 | €5,899 | +€4,000 | +210.7% |
| Total equity and liabilities | 10/49 | €5,038,534 | €5,409,763 | +€371,229 | +7.4% |
| Equity | 10/15 | €4,510,306 | €4,460,036 | -€50,270 | -1.1% |
| Contributions | 10/11 | €696,085 | €696,085 | = | 0.0% |
| Capital | 10 | €696,085 | €696,085 | = | 0.0% |
| Issued capital | 100 | €696,085 | €696,085 | = | 0.0% |
| Reserves | 13 | €3,369,609 | €3,369,609 | = | 0.0% |
| Non-distributable reserves | 130/1 | €69,609 | €69,609 | = | 0.0% |
| Legal reserve | 130 | €69,609 | €69,609 | = | 0.0% |
| Distributable reserves | 133 | €3,300,000 | €3,300,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €444,613 | €394,342 | -€50,270 | -11.3% |
| Amounts payable | 17/49 | €528,228 | €949,727 | +€421,500 | +79.8% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €527,853 | €944,197 | +€416,344 | +78.9% |
| Current portion of amounts payable after more than one year | 42 | €2,948 | €0 | -€2,948 | -100.0% |
| Trade debts | 44 | €18,339 | €27,872 | +€9,533 | +52.0% |
| Suppliers | 440/4 | €18,339 | €27,872 | +€9,533 | +52.0% |
| Taxes, remuneration and social security | 45 | €83,526 | €217,705 | +€134,179 | +160.6% |
| Taxes | 450/3 | €35,314 | €143,616 | +€108,301 | +306.7% |
| Remuneration and social security | 454/9 | €48,212 | €74,089 | +€25,877 | +53.7% |
| Other amounts payable | 47/48 | €423,040 | €698,620 | +€275,580 | +65.1% |
| Accrued charges and deferred income | 492/3 | €374 | €5,530 | +€5,156 | +1377.3% |
| Non-recurring operating income | 76A | €12,326 | €0 | -€12,326 | -100.0% |
| Remuneration, social security and pensions | 62 | €465,952 | €434,516 | -€31,436 | -6.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,160 | €1,048 | -€112 | -9.6% |
| Other operating charges | 640/8 | €26,222 | €8,164 | -€18,057 | -68.9% |
| Gross operating margin | 9900 | €636,055 | €422,790 | -€213,265 | -33.5% |
| Operating profit (loss) | 9901 | €142,722 | -€20,938 | -€163,660 | |
| Financial income | 75/76B | €0 | €32 | +€32 | +317800.0% |
| Recurring financial income | 75 | €0 | €32 | +€32 | +317800.0% |
| Financial charges | 65/66B | €32,675 | €35,890 | +€3,215 | +9.8% |
| Recurring financial charges | 65 | €32,675 | €35,890 | +€3,215 | +9.8% |
| Profit (loss) for the period before taxes | 9903 | €110,047 | -€56,797 | -€166,843 | |
| Income taxes | 67/77 | €30,881 | -€6,526 | -€37,408 | |
| Profit (loss) for the period | 9904 | €79,165 | -€50,270 | -€129,436 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,165 | -€50,270 | -€129,436 |
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 4 October 2026 via checked.be.