Very likely, the heat was too much. I'm assuming you've prepared some sort of organic molecule. That temperature is roughly 3x human body temperature -- if your product had been a biological molecule, surely it would have been destroyed. This is one example of ways you can gauge heat, without knowing the specifics. At 120 C, you would just be gently heating an oven -- perhaps making toast(I have to use that trick, because I'm in the US, and we cook with the Fahrenheit scale,) so you should expect some chemical change to be starting.
It is possible however, that the slight color change was normal as a solution concentrates, even if your product is supposed to be clear, there could be colored impurities. Its also possible that the product was so impure, that when all the toluene was gone, it still left some liquid impurity, or the combined products and impurities trapped some toluene into an organic mixture as a "syrup".