H.L. TOITURES: what changed
What changed
H.L. TOITURES
NACE 43.410, Roofing work
filed annual accounts (NBB)
Net result for the year
€17,763
2024 · €27,784-€10,021
Equity
€317,936
2024 · €300,173+€17,763
Cash
€106,123
2024 · €117,615-€11,492
Balance sheet total
€1.1m
2024 · €823,003+€307,685
Largest movements
Assets
- Receivables within one year +€246,389
up €246,389 (+60.2%), from €409,143 to €655,531
of which Other amounts receivable: +€232,283
- Tangible fixed assets +€73,008
up €73,008 (+40.2%), from €181,562 to €254,570
of which Furniture and vehicles: +€39,991
- Cash -€11,492
down €11,492 (-9.8%), from €117,615 to €106,123
mainly Receivables within one year (-€246,389) and Investment in fixed assets (net) (-€106,929)
Equity and liabilities
- Trade debts +€164,336
up €164,336 (+109%), from €151,122 to €315,458
- Current portion of long-term debt +€84,606
up €84,606 (+49.3%), from €171,450 to €256,056
- Debts after one year +€62,415
up €62,415 (+89.6%), from €69,650 to €132,064
- Short-term financial debts -€30,000
down €30,000 (-25.0%), from €120,000 to €90,000
- Profit (loss) carried forward +€17,763
up €17,763 (+35.4%), from €50,160 to €67,923
Income statement
- Staff costs +€133,336
up €133,336 (+57.9%), from €230,407 to €363,743
- Gross operating margin +€129,133
up €129,133 (+39.8%), from €324,330 to €453,463
- Financial charges +€6,692
up €6,692 (+38.9%), from €17,218 to €23,910
of which Financial charges: +€7,822
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.
Result 2024
€27,784
Gross operating margin
+€129,133
Staff costs
-€133,336
Depreciation
-€2,192
Other operating charges
-€761
Financial income
+€103
Financial charges
-€6,692
Taxes
+€3,724
Result 2025
€17,763
raises the resultlowers the result
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.
From operations
-€21,583
Investment
-€106,929
Financing
+€117,020
Cash 2024
€117,615
From operations (derived)
-€21,583
Net result for the year
+€17,763
Depreciation
+€33,971
Smaller working-capital items
-€563
Receivables within one year
-€246,389
Deferred charges and accrued income
+€725
Trade debts
+€164,336
Tax, wage and social debts
+€8,574
Investment (derived)
-€106,929
Investment in fixed assets (net)
-€106,929
Financing
+€117,020
Debts after one year
+€62,415
Current portion of long-term debt
+€84,606
Short-term financial debts
-€30,000
Cash 2025
€106,123
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €823,003 | €1,130,687 | +€307,685 | +37.4% |
| Fixed assets | 21/28 | €182,367 | €255,325 | +€72,958 | +40.0% |
| Tangible fixed assets | 22/27 | €181,562 | €254,570 | +€73,008 | +40.2% |
| Land and buildings | 22 | €156,844 | €155,907 | -€937 | -0.6% |
| Plant, machinery and equipment | 23 | €19,118 | €53,072 | +€33,954 | +178% |
| Furniture and vehicles | 24 | €5,599 | €45,591 | +€39,991 | +714% |
| Financial fixed assets | 28 | €805 | €755 | -€50 | -6.2% |
| Current assets | 29/58 | €640,636 | €875,363 | +€234,727 | +36.6% |
| Stocks and contracts in progress | 3 | €105,328 | €105,883 | +€555 | +0.5% |
| Stocks | 30/36 | €105,328 | €105,883 | +€555 | +0.5% |
| Amounts receivable within one year | 40/41 | €409,143 | €655,531 | +€246,389 | +60.2% |
| Trade receivables | 40 | €133,535 | €147,640 | +€14,105 | +10.6% |
| Other amounts receivable | 41 | €275,608 | €507,891 | +€232,283 | +84.3% |
| Cash at bank and in hand | 54/58 | €117,615 | €106,123 | -€11,492 | -9.8% |
| Deferred charges and accrued income | 490/1 | €8,550 | €7,825 | -€725 | -8.5% |
| Total equity and liabilities | 10/49 | €823,003 | €1,130,687 | +€307,685 | +37.4% |
| Equity | 10/15 | €300,173 | €317,936 | +€17,763 | +5.9% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €188,013 | €188,013 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €181,813 | €181,813 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,160 | €67,923 | +€17,763 | +35.4% |
| Amounts payable | 17/49 | €522,830 | €812,751 | +€289,922 | +55.5% |
| Amounts payable after more than one year | 17 | €69,650 | €132,064 | +€62,415 | +89.6% |
| Financial debts | 170/4 | €69,650 | €132,064 | +€62,415 | +89.6% |
| Amounts payable within one year | 42/48 | €452,343 | €679,858 | +€227,515 | +50.3% |
| Current portion of amounts payable after more than one year | 42 | €171,450 | €256,056 | +€84,606 | +49.3% |
| Financial debts | 43 | €120,000 | €90,000 | -€30,000 | -25.0% |
| Credit institutions | 430/8 | €120,000 | €90,000 | -€30,000 | -25.0% |
| Trade debts | 44 | €151,122 | €315,458 | +€164,336 | +109% |
| Suppliers | 440/4 | €151,122 | €315,458 | +€164,336 | +109% |
| Taxes, remuneration and social security | 45 | €9,771 | €18,345 | +€8,574 | +87.7% |
| Taxes | 450/3 | €48 | €523 | +€475 | +989% |
| Remuneration and social security | 454/9 | €9,723 | €17,822 | +€8,099 | +83.3% |
| Accrued charges and deferred income | 492/3 | €837 | €828 | -€8 | -1.0% |
| Non-recurring operating income | 76A | - | €11,286 | +€11,286 | |
| Remuneration, social security and pensions | 62 | €230,407 | €363,743 | +€133,336 | +57.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,779 | €33,971 | +€2,192 | +6.9% |
| Other operating charges | 640/8 | €8,789 | €9,550 | +€761 | +8.7% |
| Gross operating margin | 9900 | €324,330 | €453,463 | +€129,133 | +39.8% |
| Operating profit (loss) | 9901 | €53,355 | €46,199 | -€7,156 | -13.4% |
| Financial income | 75/76B | €2 | €105 | +€103 | +5,783% |
| Recurring financial income | 75 | €2 | €105 | +€103 | +5,783% |
| Financial charges | 65/66B | €17,218 | €23,910 | +€6,692 | +38.9% |
| Recurring financial charges | 65 | €16,088 | €23,910 | +€7,822 | +48.6% |
| Non-recurring financial charges | 66B | €1,130 | - | -€1,130 | |
| Profit (loss) for the period before taxes | 9903 | €36,139 | €22,394 | -€13,745 | -38.0% |
| Income taxes | 67/77 | €8,354 | €4,631 | -€3,724 | -44.6% |
| Profit (loss) for the period | 9904 | €27,784 | €17,763 | -€10,021 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €27,784 | €17,763 | -€10,021 | -36.1% |
Next steps
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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 8 November 2026 via checked.be.