TOY: 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.
TOY
Largest movements
- Receivables within one year +€135,484
up €135,484 (+379.8%), from €35,670 to €171,155
of which Other amounts receivable: +€125,222
- Cash +€10,595
up €10,595 (+37.2%), from €28,511 to €39,106
mainly Net result for the year (+€107,924) and Tax, wage and social debts (+€44,639)
- Stocks and contracts +€4,986
up €4,986 (+42.5%), from €11,726 to €16,712
- Reserves +€68,842
up €68,842 (+3702.8%), from €1,859 to €70,701
of which Distributable reserves: +€68,842
- Tax, wage and social debts +€44,639
up €44,639 (+72.0%), from €62,010 to €106,649
of which Remuneration and social security: +€39,304
- Profit (loss) carried forward +€37,399
up €37,399, from -€37,399 to €0
- Debts after one year -€12,601
down €12,601 (-40.7%), from €30,952 to €18,351
of which Financial debts: -€6,473
- Trade debts +€9,238
up €9,238 (+12.5%), from €73,784 to €83,022
- Gross operating margin +€207,270
up €207,270 (+37.4%), from €554,150 to €761,420
- Staff costs +€145,197
up €145,197 (+31.9%), from €455,587 to €600,785
- Taxes +€9,089
up €9,089 (+6215.0%), from €146 to €9,236
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 | €145,166 | €294,316 | +€149,150 | +102.7% |
| Fixed assets | 21/28 | €64,941 | €65,704 | +€763 | +1.2% |
| Tangible fixed assets | 22/27 | €64,241 | €65,204 | +€963 | +1.5% |
| Land and buildings | 22 | €7,732 | €6,220 | -€1,511 | -19.5% |
| Plant, machinery and equipment | 23 | €27,662 | €26,814 | -€848 | -3.1% |
| Furniture and vehicles | 24 | €17,979 | €19,357 | +€1,378 | +7.7% |
| Other tangible fixed assets | 26 | €10,867 | €12,812 | +€1,944 | +17.9% |
| Financial fixed assets | 28 | €700 | €500 | -€200 | -28.6% |
| Current assets | 29/58 | €80,226 | €228,612 | +€148,387 | +185.0% |
| Stocks and contracts in progress | 3 | €11,726 | €16,712 | +€4,986 | +42.5% |
| Stocks | 30/36 | €11,726 | €16,712 | +€4,986 | +42.5% |
| Amounts receivable within one year | 40/41 | €35,670 | €171,155 | +€135,484 | +379.8% |
| Trade receivables | 40 | €5,153 | €15,416 | +€10,263 | +199.2% |
| Other amounts receivable | 41 | €30,517 | €155,739 | +€125,222 | +410.3% |
| Cash at bank and in hand | 54/58 | €28,511 | €39,106 | +€10,595 | +37.2% |
| Deferred charges and accrued income | 490/1 | €4,319 | €1,639 | -€2,680 | -62.0% |
| Total equity and liabilities | 10/49 | €145,166 | €294,316 | +€149,150 | +102.7% |
| Equity | 10/15 | -€28,103 | €78,138 | +€106,241 | |
| Contributions | 10/11 | €7,437 | €7,437 | = | 0.0% |
| Reserves | 13 | €1,859 | €70,701 | +€68,842 | +3702.8% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | - | €68,842 | +€68,842 | |
| Profit (loss) carried forward | 14 | -€37,399 | €0 | +€37,399 | |
| Amounts payable | 17/49 | €173,269 | €216,178 | +€42,909 | +24.8% |
| Amounts payable after more than one year | 17 | €30,952 | €18,351 | -€12,601 | -40.7% |
| Financial debts | 170/4 | €13,073 | €6,601 | -€6,473 | -49.5% |
| Other amounts payable | 178/9 | €17,878 | €11,750 | -€6,128 | -34.3% |
| Amounts payable within one year | 42/48 | €142,318 | €197,827 | +€55,509 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €6,347 | €6,473 | +€126 | +2.0% |
| Financial debts | 43 | €176 | €0 | -€176 | -100.0% |
| Credit institutions | 430/8 | €176 | €0 | -€176 | -100.0% |
| Trade debts | 44 | €73,784 | €83,022 | +€9,238 | +12.5% |
| Suppliers | 440/4 | €73,784 | €83,022 | +€9,238 | +12.5% |
| Taxes, remuneration and social security | 45 | €62,010 | €106,649 | +€44,639 | +72.0% |
| Taxes | 450/3 | €31,960 | €37,296 | +€5,335 | +16.7% |
| Remuneration and social security | 454/9 | €30,050 | €69,354 | +€39,304 | +130.8% |
| Other amounts payable | 47/48 | €0 | €1,683 | +€1,683 | |
| Remuneration, social security and pensions | 62 | €455,587 | €600,785 | +€145,197 | +31.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,655 | €19,595 | +€1,940 | +11.0% |
| Other operating charges | 640/8 | €9,430 | €8,375 | -€1,055 | -11.2% |
| Non-recurring operating charges | 66A | €1,352 | €1,362 | +€10 | +0.7% |
| Gross operating margin | 9900 | €554,150 | €761,420 | +€207,270 | +37.4% |
| Operating profit (loss) | 9901 | €70,125 | €131,304 | +€61,179 | +87.2% |
| Financial income | 75/76B | €2,033 | €4,577 | +€2,544 | +125.1% |
| Recurring financial income | 75 | €2,033 | €4,577 | +€2,544 | +125.1% |
| Financial charges | 65/66B | €13,741 | €18,722 | +€4,980 | +36.2% |
| Recurring financial charges | 65 | €13,741 | €18,722 | +€4,980 | +36.2% |
| Profit (loss) for the period before taxes | 9903 | €58,417 | €117,160 | +€58,742 | +100.6% |
| Income taxes | 67/77 | €146 | €9,236 | +€9,089 | +6215.0% |
| Profit (loss) for the period | 9904 | €58,271 | €107,924 | +€49,653 | +85.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,271 | €107,924 | +€49,653 | +85.2% |
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 11 October 2026 via checked.be.