FT TOITURE: 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.
FT TOITURE
Largest movements
- Tangible fixed assets +€77,127
up €77,127 (+917%), from €8,410 to €85,537
of which Leasing and similar rights: +€59,029
- Receivables within one year +€23,595
up €23,595 (+107%), from €22,051 to €45,645
of which Trade receivables: +€22,500
- Stocks and contracts -€11,251
down €11,251 (-91.8%), from €12,250 to €1,000
- Cash -€4,677
down €4,677 (-17.3%), from €27,102 to €22,425
mainly Investment in fixed assets (net) (-€86,499) and Receivables within one year (-€23,595)
- Debts after one year +€43,658
new in 2025: €43,658
- Other debts +€13,710
up €13,710 (+1,557%), from €881 to €14,591
- Tax, wage and social debts +€12,575
up €12,575 (+86.8%), from €14,479 to €27,055
of which Remuneration and social security: +€10,490
- Profit (loss) carried forward +€10,040
up €10,040 (+37.3%), from €26,890 to €36,929
- Current portion of long-term debt +€9,657
new in 2025: €9,657
- Gross operating margin +€66,236
up €66,236 (+45.3%), from €146,080 to €212,316
- Staff costs +€46,226
up €46,226 (+35.1%), from €131,620 to €177,846
- Other operating charges +€6,571
up €6,571 (+368%), from €1,784 to €8,355
- Depreciation +€4,546
up €4,546 (+94.2%), from €4,826 to €9,372
- Taxes +€3,583
up €3,583 (+207%), from €1,729 to €5,312
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €76,541 | €161,022 | +€84,481 | +110% |
| Fixed assets | 21/28 | €11,013 | €88,140 | +€77,127 | +700% |
| Tangible fixed assets | 22/27 | €8,410 | €85,537 | +€77,127 | +917% |
| Plant, machinery and equipment | 23 | €963 | €0 | -€963 | -100% |
| Furniture and vehicles | 24 | €6,395 | €25,611 | +€19,216 | +300% |
| Leasing and similar rights | 25 | - | €59,029 | +€59,029 | |
| Other tangible fixed assets | 26 | €1,052 | €897 | -€154 | -14.7% |
| Financial fixed assets | 28 | €2,603 | €2,603 | = | 0.0% |
| Current assets | 29/58 | €65,528 | €72,882 | +€7,354 | +11.2% |
| Stocks and contracts in progress | 3 | €12,250 | €1,000 | -€11,251 | -91.8% |
| Stocks | 30/36 | €12,250 | €1,000 | -€11,251 | -91.8% |
| Amounts receivable within one year | 40/41 | €22,051 | €45,645 | +€23,595 | +107% |
| Trade receivables | 40 | €12,245 | €34,745 | +€22,500 | +184% |
| Other amounts receivable | 41 | €9,806 | €10,900 | +€1,095 | +11.2% |
| Cash at bank and in hand | 54/58 | €27,102 | €22,425 | -€4,677 | -17.3% |
| Deferred charges and accrued income | 490/1 | €4,125 | €3,812 | -€313 | -7.6% |
| Total equity and liabilities | 10/49 | €76,541 | €161,022 | +€84,481 | +110% |
| Equity | 10/15 | €29,390 | €39,429 | +€10,040 | +34.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | - | -€2,500 | |
| Other | 1109/19 | €2,500 | - | -€2,500 | |
| Profit (loss) carried forward | 14 | €26,890 | €36,929 | +€10,040 | +37.3% |
| Amounts payable | 17/49 | €47,151 | €121,593 | +€74,441 | +158% |
| Amounts payable after more than one year | 17 | - | €43,658 | +€43,658 | |
| Financial debts | 170/4 | - | €43,658 | +€43,658 | |
| Amounts payable within one year | 42/48 | €47,151 | €77,935 | +€30,783 | +65.3% |
| Current portion of amounts payable after more than one year | 42 | - | €9,657 | +€9,657 | |
| Trade debts | 44 | €31,791 | €26,632 | -€5,159 | -16.2% |
| Suppliers | 440/4 | €31,791 | €26,632 | -€5,159 | -16.2% |
| Taxes, remuneration and social security | 45 | €14,479 | €27,055 | +€12,575 | +86.8% |
| Taxes | 450/3 | €4,956 | €7,041 | +€2,086 | +42.1% |
| Remuneration and social security | 454/9 | €9,524 | €20,014 | +€10,490 | +110% |
| Other amounts payable | 47/48 | €881 | €14,591 | +€13,710 | +1,557% |
| Remuneration, social security and pensions | 62 | €131,620 | €177,846 | +€46,226 | +35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,826 | €9,372 | +€4,546 | +94.2% |
| Other operating charges | 640/8 | €1,784 | €8,355 | +€6,571 | +368% |
| Gross operating margin | 9900 | €146,080 | €212,316 | +€66,236 | +45.3% |
| Operating profit (loss) | 9901 | €7,850 | €16,743 | +€8,893 | +113% |
| Financial income | 75/76B | €0 | €1 | +€1 | +900% |
| Recurring financial income | 75 | €0 | €1 | +€1 | +900% |
| Financial charges | 65/66B | €356 | €1,393 | +€1,037 | +291% |
| Recurring financial charges | 65 | €356 | €1,393 | +€1,037 | +291% |
| Profit (loss) for the period before taxes | 9903 | €7,494 | €15,351 | +€7,857 | +105% |
| Income taxes | 67/77 | €1,729 | €5,312 | +€3,583 | +207% |
| Profit (loss) for the period | 9904 | €5,765 | €10,040 | +€4,275 | +74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,765 | €10,040 | +€4,275 | +74.2% |
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 30 October 2026 via checked.be.