Toffer: 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.
Toffer
Largest movements
- Current investments +€132,000
up €132,000 (+23.7%), from €557,703 to €689,703
- Cash -€58,701
down €58,701 (-79.8%), from €73,600 to €14,900
mainly Current investments (-€132,000) and Contributions, distributions and other (-€61,000)
- Receivables within one year -€18,807
down €18,807 (-44.5%), from €42,230 to €23,423
of which Trade receivables: -€19,379
- Tangible fixed assets -€11,813
down €11,813 (-8.0%), from €148,500 to €136,687
of which Land and buildings: -€6,440
- Reserves +€71,000
up €71,000 (+17.9%), from €395,860 to €466,860
- Other debts -€19,007
down €19,007 (-17.5%), from €108,800 to €89,793
- Tax, wage and social debts -€10,235
down €10,235 (-32.7%), from €31,293 to €21,058
- Financial income +€8,659
up €8,659 (+68.7%), from €12,604 to €21,263
- Gross operating margin -€3,224
down €3,224 (-1.7%), from €184,402 to €181,177
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 | €826,214 | €868,990 | +€42,776 | +5.2% |
| Fixed assets | 21/28 | €148,500 | €136,687 | -€11,813 | -8.0% |
| Tangible fixed assets | 22/27 | €148,500 | €136,687 | -€11,813 | -8.0% |
| Land and buildings | 22 | €127,480 | €121,040 | -€6,440 | -5.1% |
| Furniture and vehicles | 24 | €21,020 | €15,647 | -€5,373 | -25.6% |
| Current assets | 29/58 | €677,714 | €732,303 | +€54,589 | +8.1% |
| Amounts receivable within one year | 40/41 | €42,230 | €23,423 | -€18,807 | -44.5% |
| Trade receivables | 40 | €40,888 | €21,509 | -€19,379 | -47.4% |
| Other amounts receivable | 41 | €1,342 | €1,914 | +€572 | +42.7% |
| Current investments | 50/53 | €557,703 | €689,703 | +€132,000 | +23.7% |
| Cash at bank and in hand | 54/58 | €73,600 | €14,900 | -€58,701 | -79.8% |
| Deferred charges and accrued income | 490/1 | €4,180 | €4,277 | +€97 | +2.3% |
| Total equity and liabilities | 10/49 | €826,214 | €868,990 | +€42,776 | +5.2% |
| Equity | 10/15 | €683,818 | €754,936 | +€71,118 | +10.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €395,860 | €466,860 | +€71,000 | +17.9% |
| Distributable reserves | 133 | €395,860 | €466,860 | +€71,000 | +17.9% |
| Profit (loss) carried forward | 14 | €281,758 | €281,876 | +€118 | 0.0% |
| Amounts payable | 17/49 | €142,396 | €114,053 | -€28,342 | -19.9% |
| Amounts payable within one year | 42/48 | €142,396 | €114,053 | -€28,342 | -19.9% |
| Trade debts | 44 | €2,303 | €3,203 | +€900 | +39.1% |
| Suppliers | 440/4 | €2,303 | €3,203 | +€900 | +39.1% |
| Taxes, remuneration and social security | 45 | €31,293 | €21,058 | -€10,235 | -32.7% |
| Taxes | 450/3 | €31,293 | €21,058 | -€10,235 | -32.7% |
| Other amounts payable | 47/48 | €108,800 | €89,793 | -€19,007 | -17.5% |
| Non-recurring operating income | 76A | €6,700 | €0 | -€6,700 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,813 | €11,813 | = | 0.0% |
| Other operating charges | 640/8 | €2,826 | €2,737 | -€89 | -3.2% |
| Gross operating margin | 9900 | €184,402 | €181,177 | -€3,224 | -1.7% |
| Operating profit (loss) | 9901 | €169,762 | €166,628 | -€3,135 | -1.8% |
| Financial income | 75/76B | €12,604 | €21,263 | +€8,659 | +68.7% |
| Recurring financial income | 75 | €12,604 | €21,263 | +€8,659 | +68.7% |
| Financial charges | 65/66B | -€19 | €19 | +€38 | |
| Recurring financial charges | 65 | -€19 | €19 | +€38 | |
| Profit (loss) for the period before taxes | 9903 | €182,386 | €187,872 | +€5,486 | +3.0% |
| Income taxes | 67/77 | €54,059 | €55,754 | +€1,695 | +3.1% |
| Profit (loss) for the period | 9904 | €128,327 | €132,118 | +€3,791 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €128,327 | €132,118 | +€3,791 | +3.0% |
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 26 October 2026 via checked.be.