TOYON: 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.
TOYON
Largest movements
- Cash -€14,085
down €14,085 (-31.1%), from €45,232 to €31,147
mainly Net result for the year (-€21,320) and Debts after one year (-€17,050)
- Tangible fixed assets -€9,477
down €9,477 (-26.6%), from €35,577 to €26,100
of which Leasing and similar rights: -€8,777
- Deferred charges and accrued income -€1,066
down €1,066 (-83.8%), from €1,272 to €206
- Receivables within one year +€943
up €943 (+37.6%), from €2,510 to €3,453
of which Other amounts receivable: +€597
- Reserves -€36,827
down €36,827 (-95.2%), from €38,682 to €1,855
of which Distributable reserves: -€36,827
- Debts after one year -€17,050
no longer reported in 2025 (was €17,050)
- Profit (loss) carried forward +€15,507
up €15,507 (+59.9%), from -€25,883 to -€10,376
- Current portion of long-term debt +€10,251
up €10,251 (+150.8%), from €6,799 to €17,050
- Trade debts +€4,485
up €4,485 (+99.8%), from €4,496 to €8,981
- Gross operating margin +€3,860
up €3,860 (+30.8%), from -€12,545 to -€8,685
- Financial charges -€281
down €281 (-15.6%), from €1,796 to €1,515
- Taxes -€245
down €245 (-65.0%), from €377 to €132
- Other operating charges -€158
down €158 (-9.5%), from €1,669 to €1,511
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 | €84,684 | €60,999 | -€23,685 | -28.0% |
| Fixed assets | 21/28 | €35,670 | €26,193 | -€9,477 | -26.6% |
| Tangible fixed assets | 22/27 | €35,577 | €26,100 | -€9,477 | -26.6% |
| Leasing and similar rights | 25 | €29,577 | €20,800 | -€8,777 | -29.7% |
| Other tangible fixed assets | 26 | €6,000 | €5,300 | -€700 | -11.7% |
| Financial fixed assets | 28 | €93 | €93 | = | 0.0% |
| Current assets | 29/58 | €49,014 | €34,806 | -€14,208 | -29.0% |
| Amounts receivable within one year | 40/41 | €2,510 | €3,453 | +€943 | +37.6% |
| Trade receivables | 40 | €1,841 | €2,187 | +€346 | +18.8% |
| Other amounts receivable | 41 | €669 | €1,266 | +€597 | +89.2% |
| Cash at bank and in hand | 54/58 | €45,232 | €31,147 | -€14,085 | -31.1% |
| Deferred charges and accrued income | 490/1 | €1,272 | €206 | -€1,066 | -83.8% |
| Total equity and liabilities | 10/49 | €84,684 | €60,999 | -€23,685 | -28.0% |
| Equity | 10/15 | €31,349 | €10,029 | -€21,320 | -68.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €38,682 | €1,855 | -€36,827 | -95.2% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €36,827 | - | -€36,827 | |
| Profit (loss) carried forward | 14 | -€25,883 | -€10,376 | +€15,507 | +59.9% |
| Amounts payable | 17/49 | €53,335 | €50,970 | -€2,365 | -4.4% |
| Amounts payable after more than one year | 17 | €17,050 | - | -€17,050 | |
| Financial debts | 170/4 | €17,050 | - | -€17,050 | |
| Amounts payable within one year | 42/48 | €36,285 | €50,970 | +€14,685 | +40.5% |
| Current portion of amounts payable after more than one year | 42 | €6,799 | €17,050 | +€10,251 | +150.8% |
| Trade debts | 44 | €4,496 | €8,981 | +€4,485 | +99.8% |
| Suppliers | 440/4 | €4,496 | €8,981 | +€4,485 | +99.8% |
| Taxes, remuneration and social security | 45 | €421 | - | -€421 | |
| Taxes | 450/3 | €421 | - | -€421 | |
| Other amounts payable | 47/48 | €24,569 | €24,939 | +€370 | +1.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,496 | €9,477 | -€19 | -0.2% |
| Other operating charges | 640/8 | €1,669 | €1,511 | -€158 | -9.5% |
| Gross operating margin | 9900 | -€12,545 | -€8,685 | +€3,860 | +30.8% |
| Operating profit (loss) | 9901 | -€23,710 | -€19,673 | +€4,037 | +17.0% |
| Financial charges | 65/66B | €1,796 | €1,515 | -€281 | -15.6% |
| Recurring financial charges | 65 | €1,796 | €1,515 | -€281 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | -€25,506 | -€21,188 | +€4,318 | +16.9% |
| Income taxes | 67/77 | €377 | €132 | -€245 | -65.0% |
| Profit (loss) for the period | 9904 | -€25,883 | -€21,320 | +€4,563 | +17.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€25,883 | -€21,320 | +€4,563 | +17.6% |
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 8 October 2026 via checked.be.