FK TOITURES: 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.
What changed
FK TOITURES
NACE 43.410, Roofing work
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€174,317
2024 · €175,248-€931
Equity
€1.2m
2024 · €1.0m+€172,651
Cash
€245,935
2024 · €157,643+€88,292
Balance sheet total
€1.7m
2024 · €1.6m+€150,048
Largest movements
Assets
- Cash +€88,292
up €88,292 (+56.0%), from €157,643 to €245,935
mainly Net result for the year (+€174,317) and Depreciation (+€73,686)
- Receivables within one year +€38,453
up €38,453 (+63.6%), from €60,428 to €98,881
of which Trade receivables: +€30,563
Equity and liabilities
- Reserves +€174,317
up €174,317 (+19.9%), from €877,482 to €1.1m
of which Distributable reserves: +€174,317
- Debts after one year -€95,864
down €95,864 (-39.1%), from €245,184 to €149,320
- Trade debts +€51,779
up €51,779 (+95.7%), from €54,113 to €105,892
Income statement
- Gross operating margin +€44,578
up €44,578 (+9.5%), from €469,215 to €513,793
- Other operating charges +€16,637
up €16,637 (+457%), from €3,640 to €20,277
- Depreciation +€15,070
up €15,070 (+25.7%), from €58,616 to €73,686
- Staff costs +€14,654
up €14,654 (+10.1%), from €144,476 to €159,130
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.
Result 2024
€175,248
Gross operating margin
+€44,578
Staff costs
-€14,654
Depreciation
-€15,070
Write-downs
-€4,600
Provisions
-€2,500
Other operating charges
-€16,637
Other operating items
-€2,846
Financial income
+€4,382
Financial charges
+€1,875
Taxes
+€4,539
Result 2025
€174,317
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€263,090
Investment
-€90,334
Financing
-€84,464
Cash 2024
€157,643
From operations (derived)
+€263,090
Net result for the year
+€174,317
Depreciation
+€73,686
Stocks and contracts
+€1,730
Receivables within one year
-€38,453
Deferred charges and accrued income
-€8,384
Trade debts
+€51,779
Tax, wage and social debts
-€223
Other debts
+€3,607
Accrued charges and deferred income
+€5,031
Investment (derived)
-€90,334
Investment in fixed assets (net)
-€90,334
Financing
-€84,464
Debts after one year
-€95,864
Current portion of long-term debt
+€13,066
Contributions, distributions and other
-€1,666
Cash 2025
€245,935
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,559,938 | €1,709,987 | +€150,048 | +9.6% |
| Fixed assets | 21/28 | €1,322,423 | €1,339,072 | +€16,649 | +1.3% |
| Tangible fixed assets | 22/27 | €1,322,242 | €1,338,891 | +€16,649 | +1.3% |
| Land and buildings | 22 | €1,270,535 | €1,262,039 | -€8,497 | -0.7% |
| Plant, machinery and equipment | 23 | €5,284 | €4,313 | -€972 | -18.4% |
| Furniture and vehicles | 24 | €18,075 | €53,035 | +€34,960 | +193% |
| Leasing and similar rights | 25 | €16,695 | €9,924 | -€6,771 | -40.6% |
| Other tangible fixed assets | 26 | €11,652 | €9,580 | -€2,072 | -17.8% |
| Financial fixed assets | 28 | €181 | €181 | = | 0.0% |
| Current assets | 29/58 | €237,516 | €370,915 | +€133,400 | +56.2% |
| Stocks and contracts in progress | 3 | €7,430 | €5,700 | -€1,730 | -23.3% |
| Stocks | 30/36 | €7,430 | €5,700 | -€1,730 | -23.3% |
| Amounts receivable within one year | 40/41 | €60,428 | €98,881 | +€38,453 | +63.6% |
| Trade receivables | 40 | €56,331 | €86,894 | +€30,563 | +54.3% |
| Other amounts receivable | 41 | €4,097 | €11,987 | +€7,890 | +193% |
| Cash at bank and in hand | 54/58 | €157,643 | €245,935 | +€88,292 | +56.0% |
| Deferred charges and accrued income | 490/1 | €12,014 | €20,398 | +€8,384 | +69.8% |
| Total equity and liabilities | 10/49 | €1,559,938 | €1,709,987 | +€150,048 | +9.6% |
| Equity | 10/15 | €1,012,609 | €1,185,260 | +€172,651 | +17.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €877,482 | €1,051,799 | +€174,317 | +19.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €875,622 | €1,049,939 | +€174,317 | +19.9% |
| Profit (loss) carried forward | 14 | €128,927 | €127,261 | -€1,666 | -1.3% |
| Amounts payable | 17/49 | €547,329 | €524,727 | -€22,603 | -4.1% |
| Amounts payable after more than one year | 17 | €245,184 | €149,320 | -€95,864 | -39.1% |
| Financial debts | 170/4 | €245,184 | €149,320 | -€95,864 | -39.1% |
| Amounts payable within one year | 42/48 | €287,027 | €355,257 | +€68,230 | +23.8% |
| Current portion of amounts payable after more than one year | 42 | €133,716 | €146,782 | +€13,066 | +9.8% |
| Trade debts | 44 | €54,113 | €105,892 | +€51,779 | +95.7% |
| Suppliers | 440/4 | €54,113 | €105,892 | +€51,779 | +95.7% |
| Taxes, remuneration and social security | 45 | €74,019 | €73,797 | -€223 | -0.3% |
| Taxes | 450/3 | €71,224 | €67,038 | -€4,186 | -5.9% |
| Remuneration and social security | 454/9 | €2,796 | €6,759 | +€3,963 | +142% |
| Other amounts payable | 47/48 | €25,179 | €28,786 | +€3,607 | +14.3% |
| Accrued charges and deferred income | 492/3 | €15,119 | €20,150 | +€5,031 | +33.3% |
| Non-recurring operating income | 76A | €88 | €21,676 | +€21,588 | +24,602% |
| Remuneration, social security and pensions | 62 | €144,476 | €159,130 | +€14,654 | +10.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,616 | €73,686 | +€15,070 | +25.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €4,600 | +€4,600 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€2,500 | - | +€2,500 | |
| Other operating charges | 640/8 | €3,640 | €20,277 | +€16,637 | +457% |
| Non-recurring operating charges | 66A | €1,601 | €4,447 | +€2,846 | +178% |
| Gross operating margin | 9900 | €469,215 | €513,793 | +€44,578 | +9.5% |
| Operating profit (loss) | 9901 | €263,382 | €251,655 | -€11,728 | -4.5% |
| Financial income | 75/76B | €5,479 | €9,862 | +€4,382 | +80.0% |
| Recurring financial income | 75 | €5,479 | €9,862 | +€4,382 | +80.0% |
| Financial charges | 65/66B | €13,752 | €11,877 | -€1,875 | -13.6% |
| Recurring financial charges | 65 | €13,752 | €11,877 | -€1,875 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €255,110 | €249,640 | -€5,470 | -2.1% |
| Income taxes | 67/77 | €79,862 | €75,322 | -€4,539 | -5.7% |
| Profit (loss) for the period | 9904 | €175,248 | €174,317 | -€931 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €175,248 | €174,317 | -€931 | -0.5% |
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 24 October 2026 via checked.be.