Expansion Toitures: what changed
Expansion Toitures
Largest movements
- Cash +€172,476
up €172,476 (+137%), from €126,287 to €298,763
mainly Net result for the year (+€90,025) and Other debts (+€78,825)
- Receivables within one year -€72,230
down €72,230 (-48.2%), from €149,791 to €77,561
of which Trade receivables: -€97,925
- Tangible fixed assets -€14,940
down €14,940 (-31.0%), from €48,193 to €33,253
of which Furniture and vehicles: -€15,267
- Other debts +€78,825
new in 2025: €78,825
- Tax, wage and social debts +€23,667
up €23,667 (+88.7%), from €26,690 to €50,357
of which Taxes: +€13,742
- Debts after one year -€14,804
down €14,804 (-85.6%), from €17,285 to €2,481
- Trade debts -€14,039
down €14,039 (-35.6%), from €39,435 to €25,395
- Reserves +€11,200
up €11,200 (+5.0%), from €225,382 to €236,582
- Gross operating margin +€139,141
up €139,141 (+50.2%), from €277,133 to €416,274
- Staff costs +€67,861
up €67,861 (+35.2%), from €192,585 to €260,446
- Taxes +€20,987
up €20,987 (+121%), from €17,397 to €38,383
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 | €330,454 | €415,445 | +€84,991 | +25.7% |
| Fixed assets | 21/28 | €52,060 | €37,120 | -€14,940 | -28.7% |
| Tangible fixed assets | 22/27 | €48,193 | €33,253 | -€14,940 | -31.0% |
| Plant, machinery and equipment | 23 | €10,144 | €10,471 | +€327 | +3.2% |
| Furniture and vehicles | 24 | €38,049 | €22,782 | -€15,267 | -40.1% |
| Financial fixed assets | 28 | €3,867 | €3,867 | = | 0.0% |
| Current assets | 29/58 | €278,393 | €378,325 | +€99,932 | +35.9% |
| Stocks and contracts in progress | 3 | €2,315 | €1,005 | -€1,310 | -56.6% |
| Stocks | 30/36 | €2,315 | €1,005 | -€1,310 | -56.6% |
| Amounts receivable within one year | 40/41 | €149,791 | €77,561 | -€72,230 | -48.2% |
| Trade receivables | 40 | €130,735 | €32,810 | -€97,925 | -74.9% |
| Other amounts receivable | 41 | €19,056 | €44,751 | +€25,695 | +135% |
| Cash at bank and in hand | 54/58 | €126,287 | €298,763 | +€172,476 | +137% |
| Deferred charges and accrued income | 490/1 | - | €996 | +€996 | |
| Total equity and liabilities | 10/49 | €330,454 | €415,445 | +€84,991 | +25.7% |
| Equity | 10/15 | €232,382 | €243,582 | +€11,200 | +4.8% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €225,382 | €236,582 | +€11,200 | +5.0% |
| Distributable reserves | 133 | €225,382 | €236,582 | +€11,200 | +5.0% |
| Amounts payable | 17/49 | €98,071 | €171,863 | +€73,792 | +75.2% |
| Amounts payable after more than one year | 17 | €17,285 | €2,481 | -€14,804 | -85.6% |
| Financial debts | 170/4 | €17,285 | €2,481 | -€14,804 | -85.6% |
| Amounts payable within one year | 42/48 | €80,786 | €169,382 | +€88,595 | +110% |
| Current portion of amounts payable after more than one year | 42 | €14,662 | €14,804 | +€142 | +1.0% |
| Trade debts | 44 | €39,435 | €25,395 | -€14,039 | -35.6% |
| Suppliers | 440/4 | €39,435 | €25,395 | -€14,039 | -35.6% |
| Taxes, remuneration and social security | 45 | €26,690 | €50,357 | +€23,667 | +88.7% |
| Taxes | 450/3 | €7,641 | €21,383 | +€13,742 | +180% |
| Remuneration and social security | 454/9 | €19,049 | €28,975 | +€9,926 | +52.1% |
| Other amounts payable | 47/48 | - | €78,825 | +€78,825 | |
| Remuneration, social security and pensions | 62 | €192,585 | €260,446 | +€67,861 | +35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,365 | €23,982 | +€1,617 | +7.2% |
| Other operating charges | 640/8 | €2,205 | €2,637 | +€432 | +19.6% |
| Gross operating margin | 9900 | €277,133 | €416,274 | +€139,141 | +50.2% |
| Operating profit (loss) | 9901 | €59,978 | €129,209 | +€69,230 | +115% |
| Financial income | 75/76B | €2,433 | €2,424 | -€9 | -0.4% |
| Recurring financial income | 75 | €2,433 | €2,424 | -€9 | -0.4% |
| Financial charges | 65/66B | €1,033 | €3,225 | +€2,191 | +212% |
| Recurring financial charges | 65 | €1,033 | €3,225 | +€2,191 | +212% |
| Profit (loss) for the period before taxes | 9903 | €61,379 | €128,409 | +€67,030 | +109% |
| Income taxes | 67/77 | €17,397 | €38,383 | +€20,987 | +121% |
| Profit (loss) for the period | 9904 | €43,982 | €90,025 | +€46,043 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €43,982 | €90,025 | +€46,043 | +105% |
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 7 November 2026 via checked.be.