GREG 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.
GREG TOITURES
Largest movements
- Cash +€34,780
up €34,780 (+64.2%), from €54,189 to €88,969
mainly Receivables within one year (+€16,897) and Net result for the year (+€9,035)
- Receivables within one year -€16,897
down €16,897 (-62.2%), from €27,178 to €10,280
of which Trade receivables: -€9,523
- Tangible fixed assets -€10,266
down €10,266 (-23.8%), from €43,192 to €32,926
of which Furniture and vehicles: -€12,173
- Profit (loss) carried forward +€8,176
up €8,176 (+23.5%), from €34,815 to €42,991
- Debts after one year -€6,718
down €6,718 (-33.1%), from €20,288 to €13,570
- Tax, wage and social debts +€3,047
up €3,047 (+22.4%), from €13,579 to €16,626
of which Remuneration and social security: +€3,107
- Trade debts +€2,139
new in 2025: €2,139
- Staff costs +€31,664
up €31,664 (+64.7%), from €48,945 to €80,609
- Taxes -€14,490
down €14,490 (-83.5%), from €17,361 to €2,871
- Gross operating margin -€9,366
down €9,366 (-8.0%), from €116,534 to €107,168
- Depreciation +€5,174
up €5,174 (+166%), from €3,125 to €8,299
- Financial charges +€1,362
up €1,362 (+221%), from €615 to €1,978
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 | €130,679 | €137,403 | +€6,725 | +5.1% |
| Fixed assets | 21/28 | €43,192 | €32,926 | -€10,266 | -23.8% |
| Tangible fixed assets | 22/27 | €43,192 | €32,926 | -€10,266 | -23.8% |
| Plant, machinery and equipment | 23 | €954 | €2,861 | +€1,907 | +200% |
| Furniture and vehicles | 24 | €42,239 | €30,066 | -€12,173 | -28.8% |
| Current assets | 29/58 | €87,486 | €104,477 | +€16,991 | +19.4% |
| Amounts receivable within one year | 40/41 | €27,178 | €10,280 | -€16,897 | -62.2% |
| Trade receivables | 40 | €12,425 | €2,902 | -€9,523 | -76.6% |
| Other amounts receivable | 41 | €14,753 | €7,378 | -€7,374 | -50.0% |
| Cash at bank and in hand | 54/58 | €54,189 | €88,969 | +€34,780 | +64.2% |
| Deferred charges and accrued income | 490/1 | €6,119 | €5,228 | -€892 | -14.6% |
| Total equity and liabilities | 10/49 | €130,679 | €137,403 | +€6,725 | +5.1% |
| Equity | 10/15 | €89,315 | €97,491 | +€8,176 | +9.2% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | €46,500 | €46,500 | = | 0.0% |
| Distributable reserves | 133 | €46,500 | €46,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,815 | €42,991 | +€8,176 | +23.5% |
| Amounts payable | 17/49 | €41,364 | €39,912 | -€1,452 | -3.5% |
| Amounts payable after more than one year | 17 | €20,288 | €13,570 | -€6,718 | -33.1% |
| Financial debts | 170/4 | €20,288 | €13,570 | -€6,718 | -33.1% |
| Amounts payable within one year | 42/48 | €21,075 | €26,342 | +€5,267 | +25.0% |
| Current portion of amounts payable after more than one year | 42 | €6,482 | €6,718 | +€237 | +3.6% |
| Trade debts | 44 | - | €2,139 | +€2,139 | |
| Suppliers | 440/4 | - | €2,139 | +€2,139 | |
| Taxes, remuneration and social security | 45 | €13,579 | €16,626 | +€3,047 | +22.4% |
| Taxes | 450/3 | €7,801 | €7,741 | -€60 | -0.8% |
| Remuneration and social security | 454/9 | €5,778 | €8,885 | +€3,107 | +53.8% |
| Other amounts payable | 47/48 | €1,014 | €859 | -€155 | -15.3% |
| Remuneration, social security and pensions | 62 | €48,945 | €80,609 | +€31,664 | +64.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,125 | €8,299 | +€5,174 | +166% |
| Other operating charges | 640/8 | €247 | €305 | +€58 | +23.4% |
| Non-recurring operating charges | 66A | - | €4,089 | +€4,089 | |
| Gross operating margin | 9900 | €116,534 | €107,168 | -€9,366 | -8.0% |
| Operating profit (loss) | 9901 | €64,218 | €13,866 | -€50,351 | -78.4% |
| Financial income | 75/76B | €348 | €18 | -€330 | -94.7% |
| Recurring financial income | 75 | €348 | €18 | -€330 | -94.7% |
| Financial charges | 65/66B | €615 | €1,978 | +€1,362 | +221% |
| Recurring financial charges | 65 | €615 | €1,978 | +€1,362 | +221% |
| Profit (loss) for the period before taxes | 9903 | €63,950 | €11,907 | -€52,043 | -81.4% |
| Income taxes | 67/77 | €17,361 | €2,871 | -€14,490 | -83.5% |
| Profit (loss) for the period | 9904 | €46,589 | €9,035 | -€37,553 | -80.6% |
| Profit (loss) for the period to be appropriated | 9905 | €46,589 | €9,035 | -€37,553 | -80.6% |
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 16 October 2026 via checked.be.