Den Toerist: what changed
Den Toerist
Largest movements
- Receivables within one year +€6,557
up €6,557 (+231%), from €2,843 to €9,400
of which Trade receivables: +€4,669
- Cash +€3,155
up €3,155 (+20.0%), from €15,754 to €18,910
mainly Depreciation (+€14,486) and Tax, wage and social debts (+€9,715)
- Deferred charges and accrued income -€3,032
down €3,032 (-35.7%), from €8,503 to €5,471
- Tangible fixed assets -€1,300
down €1,300 (-1.8%), from €72,612 to €71,312
of which Plant, machinery and equipment: -€5,868
- Tax, wage and social debts +€9,715
up €9,715 (+160%), from €6,086 to €15,801
of which Taxes: +€5,632
- Trade debts -€2,468
down €2,468 (-9.5%), from €25,932 to €23,463
- Staff costs +€80,888
up €80,888 (+92.8%), from €87,201 to €168,090
- Gross operating margin +€55,919
up €55,919 (+43.1%), from €129,856 to €185,776
- Other operating charges -€15,069
down €15,069 (-85.8%), from €17,566 to €2,497
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 | €116,113 | €122,284 | +€6,171 | +5.3% |
| Fixed assets | 21/28 | €72,612 | €71,312 | -€1,300 | -1.8% |
| Tangible fixed assets | 22/27 | €72,612 | €71,312 | -€1,300 | -1.8% |
| Land and buildings | 22 | €49,724 | €53,204 | +€3,480 | +7.0% |
| Plant, machinery and equipment | 23 | €17,774 | €11,906 | -€5,868 | -33.0% |
| Furniture and vehicles | 24 | €5,114 | €4,427 | -€687 | -13.4% |
| Other tangible fixed assets | 26 | - | €1,775 | +€1,775 | |
| Current assets | 29/58 | €43,501 | €50,973 | +€7,472 | +17.2% |
| Stocks and contracts in progress | 3 | €16,401 | €17,193 | +€792 | +4.8% |
| Stocks | 30/36 | €16,401 | €17,193 | +€792 | +4.8% |
| Amounts receivable within one year | 40/41 | €2,843 | €9,400 | +€6,557 | +231% |
| Trade receivables | 40 | €2,843 | €7,512 | +€4,669 | +164% |
| Other amounts receivable | 41 | - | €1,887 | +€1,887 | |
| Cash at bank and in hand | 54/58 | €15,754 | €18,910 | +€3,155 | +20.0% |
| Deferred charges and accrued income | 490/1 | €8,503 | €5,471 | -€3,032 | -35.7% |
| Total equity and liabilities | 10/49 | €116,113 | €122,284 | +€6,171 | +5.3% |
| Equity | 10/15 | €45,911 | €44,795 | -€1,117 | -2.4% |
| Contributions | 10/11 | €18,693 | €18,693 | = | 0.0% |
| Contributions outside capital | 11 | €18,693 | - | -€18,693 | |
| Other | 1109/19 | €18,693 | - | -€18,693 | |
| Reserves | 13 | €77,395 | €77,395 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €71,195 | €71,195 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,176 | -€51,293 | -€1,117 | -2.2% |
| Amounts payable | 17/49 | €70,201 | €77,489 | +€7,288 | +10.4% |
| Amounts payable within one year | 42/48 | €70,201 | €77,489 | +€7,288 | +10.4% |
| Trade debts | 44 | €25,932 | €23,463 | -€2,468 | -9.5% |
| Suppliers | 440/4 | €25,932 | €23,463 | -€2,468 | -9.5% |
| Taxes, remuneration and social security | 45 | €6,086 | €15,801 | +€9,715 | +160% |
| Taxes | 450/3 | €5,293 | €10,925 | +€5,632 | +106% |
| Remuneration and social security | 454/9 | €793 | €4,875 | +€4,083 | +515% |
| Other amounts payable | 47/48 | €38,184 | €38,225 | +€42 | +0.1% |
| Remuneration, social security and pensions | 62 | €87,201 | €168,090 | +€80,888 | +92.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,152 | €14,486 | +€335 | +2.4% |
| Other operating charges | 640/8 | €17,566 | €2,497 | -€15,069 | -85.8% |
| Gross operating margin | 9900 | €129,856 | €185,776 | +€55,919 | +43.1% |
| Operating profit (loss) | 9901 | €10,937 | €702 | -€10,235 | -93.6% |
| Financial income | 75/76B | €41 | €18 | -€24 | -57.6% |
| Recurring financial income | 75 | €41 | €18 | -€24 | -57.6% |
| Financial charges | 65/66B | €1,233 | €1,837 | +€603 | +48.9% |
| Recurring financial charges | 65 | €1,233 | €1,837 | +€603 | +48.9% |
| Profit (loss) for the period before taxes | 9903 | €9,745 | -€1,117 | -€10,862 | |
| Profit (loss) for the period | 9904 | €9,745 | -€1,117 | -€10,862 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,745 | -€1,117 | -€10,862 |
Next steps
Calculation and sources
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 4 November 2026 via checked.be.