Toolmaster: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Toolmaster
Largest movements
- Intangible fixed assets +€67,302
up €67,302 (+91.9%), from €73,239 to €140,540
- Receivables within one year +€7,031
up €7,031 (+112%), from €6,264 to €13,296
of which Trade receivables: +€6,931
- Cash -€2,558
down €2,558 (-4.5%), from €56,775 to €54,217
mainly Investment in fixed assets (net) (-€113,895) and Receivables within one year (-€7,031)
- Profit (loss) carried forward +€40,762
up €40,762 (+168%), from €24,309 to €65,071
- Tax, wage and social debts +€14,519
up €14,519 (+209%), from €6,947 to €21,466
- Investment grants +€10,256
up €10,256 (+62.4%), from €16,437 to €26,693
- Provisions +€3,419
up €3,419 (+62.4%), from €5,479 to €8,898
- Trade debts +€2,668
up €2,668 (+23.8%), from €11,201 to €13,868
- Gross operating margin +€48,600
up €48,600 (+127%), from €38,252 to €86,852
- Depreciation +€36,283
up €36,283 (+352%), from €10,310 to €46,593
- Financial income +€8,223
up €8,223 (+265%), from €3,102 to €11,325
- Taxes +€4,045
up €4,045 (+66.7%), from €6,062 to €10,108
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €136,278 | €208,053 | +€71,775 | +52.7% |
| Fixed assets | 21/28 | €73,239 | €140,540 | +€67,302 | +91.9% |
| Intangible fixed assets | 21 | €73,239 | €140,540 | +€67,302 | +91.9% |
| Current assets | 29/58 | €63,040 | €67,513 | +€4,473 | +7.1% |
| Amounts receivable within one year | 40/41 | €6,264 | €13,296 | +€7,031 | +112% |
| Trade receivables | 40 | €6,264 | €13,196 | +€6,931 | +111% |
| Other amounts receivable | 41 | - | €100 | +€100 | |
| Cash at bank and in hand | 54/58 | €56,775 | €54,217 | -€2,558 | -4.5% |
| Total equity and liabilities | 10/49 | €136,278 | €208,053 | +€71,775 | +52.7% |
| Equity | 10/15 | €105,724 | €156,742 | +€51,018 | +48.3% |
| Contributions | 10/11 | €64,979 | €64,979 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,309 | €65,071 | +€40,762 | +168% |
| Investment grants | 15 | €16,437 | €26,693 | +€10,256 | +62.4% |
| Provisions and deferred taxes | 16 | €5,479 | €8,898 | +€3,419 | +62.4% |
| Deferred taxes | 168 | €5,479 | €8,898 | +€3,419 | +62.4% |
| Amounts payable | 17/49 | €25,075 | €42,413 | +€17,338 | +69.1% |
| Amounts payable within one year | 42/48 | €25,075 | €42,413 | +€17,338 | +69.1% |
| Trade debts | 44 | €11,201 | €13,868 | +€2,668 | +23.8% |
| Suppliers | 440/4 | €11,201 | €13,868 | +€2,668 | +23.8% |
| Taxes, remuneration and social security | 45 | €6,947 | €21,466 | +€14,519 | +209% |
| Taxes | 450/3 | €6,947 | €21,466 | +€14,519 | +209% |
| Other amounts payable | 47/48 | €6,928 | €7,079 | +€151 | +2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,310 | €46,593 | +€36,283 | +352% |
| Gross operating margin | 9900 | €38,252 | €86,852 | +€48,600 | +127% |
| Operating profit (loss) | 9901 | €27,942 | €40,259 | +€12,316 | +44.1% |
| Financial income | 75/76B | €3,102 | €11,325 | +€8,223 | +265% |
| Recurring financial income | 75 | €3,102 | €11,325 | +€8,223 | +265% |
| Financial charges | 65/66B | €674 | €714 | +€40 | +6.0% |
| Recurring financial charges | 65 | €674 | €714 | +€40 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €30,371 | €50,870 | +€20,499 | +67.5% |
| Income taxes | 67/77 | €6,062 | €10,108 | +€4,045 | +66.7% |
| Profit (loss) for the period | 9904 | €24,309 | €40,762 | +€16,453 | +67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,309 | €40,762 | +€16,453 | +67.7% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.