HM 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.
HM TOITURES
Largest movements
- Receivables within one year +€46,533
up €46,533 (+128%), from €36,329 to €82,862
of which Trade receivables: +€39,907
- Tangible fixed assets -€6,765
down €6,765 (-52.8%), from €12,805 to €6,040
- Cash -€3,411
down €3,411 (-6.7%), from €51,285 to €47,874
mainly Receivables within one year (-€46,533) and Trade debts (-€4,007)
- Tax, wage and social debts +€31,367
up €31,367 (+188%), from €16,692 to €48,060
of which Remuneration and social security: +€29,850
- Profit (loss) carried forward +€14,585
up €14,585 (+21.3%), from €68,634 to €83,219
- Trade debts -€4,007
down €4,007 (-98.5%), from €4,068 to €61
- Debts after one year -€3,406
no longer reported in 2025 (was €3,406)
- Current portion of long-term debt -€2,182
down €2,182 (-39.0%), from €5,589 to €3,406
- Gross operating margin -€52,305
down €52,305 (-66.9%), from €78,144 to €25,839
- Taxes -€10,448
down €10,448 (-72.9%), from €14,331 to €3,883
- Depreciation +€1,640
up €1,640 (+32.0%), from €5,125 to €6,765
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 | €100,420 | €136,776 | +€36,357 | +36.2% |
| Fixed assets | 21/28 | €12,805 | €6,040 | -€6,765 | -52.8% |
| Tangible fixed assets | 22/27 | €12,805 | €6,040 | -€6,765 | -52.8% |
| Furniture and vehicles | 24 | €12,805 | €6,040 | -€6,765 | -52.8% |
| Current assets | 29/58 | €87,614 | €130,736 | +€43,122 | +49.2% |
| Amounts receivable within one year | 40/41 | €36,329 | €82,862 | +€46,533 | +128% |
| Trade receivables | 40 | €33,837 | €73,744 | +€39,907 | +118% |
| Other amounts receivable | 41 | €2,492 | €9,118 | +€6,626 | +266% |
| Cash at bank and in hand | 54/58 | €51,285 | €47,874 | -€3,411 | -6.7% |
| Total equity and liabilities | 10/49 | €100,420 | €136,776 | +€36,357 | +36.2% |
| Equity | 10/15 | €70,634 | €85,219 | +€14,585 | +20.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,634 | €83,219 | +€14,585 | +21.3% |
| Amounts payable | 17/49 | €29,785 | €51,557 | +€21,772 | +73.1% |
| Amounts payable after more than one year | 17 | €3,406 | - | -€3,406 | |
| Financial debts | 170/4 | €3,406 | - | -€3,406 | |
| Amounts payable within one year | 42/48 | €26,379 | €51,557 | +€25,178 | +95.4% |
| Current portion of amounts payable after more than one year | 42 | €5,589 | €3,406 | -€2,182 | -39.0% |
| Trade debts | 44 | €4,068 | €61 | -€4,007 | -98.5% |
| Suppliers | 440/4 | €4,068 | €61 | -€4,007 | -98.5% |
| Taxes, remuneration and social security | 45 | €16,692 | €48,060 | +€31,367 | +188% |
| Taxes | 450/3 | €16,692 | €18,210 | +€1,517 | +9.1% |
| Remuneration and social security | 454/9 | €0 | €29,850 | +€29,850 | |
| Other amounts payable | 47/48 | €30 | €30 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,125 | €6,765 | +€1,640 | +32.0% |
| Other operating charges | 640/8 | €403 | €118 | -€286 | -70.8% |
| Gross operating margin | 9900 | €78,144 | €25,839 | -€52,305 | -66.9% |
| Operating profit (loss) | 9901 | €72,616 | €18,957 | -€53,659 | -73.9% |
| Financial income | 75/76B | €85 | - | -€85 | |
| Recurring financial income | 75 | €85 | - | -€85 | |
| Financial charges | 65/66B | €978 | €490 | -€489 | -50.0% |
| Recurring financial charges | 65 | €978 | €490 | -€489 | -50.0% |
| Profit (loss) for the period before taxes | 9903 | €71,722 | €18,467 | -€53,255 | -74.3% |
| Income taxes | 67/77 | €14,331 | €3,883 | -€10,448 | -72.9% |
| Profit (loss) for the period | 9904 | €57,391 | €14,584 | -€42,807 | -74.6% |
| Profit (loss) for the period to be appropriated | 9905 | €57,391 | €14,584 | -€42,807 | -74.6% |
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.