K. TOIT: what changed
Two fiscal 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.
K. TOIT
Largest movements
- Receivables within one year -€42,249
down €42,249 (-26.4%), from €160,276 to €118,027
of which Trade receivables: -€34,355
- Cash +€36,426
up €36,426 (+27.4%), from €132,827 to €169,253
mainly Depreciation (+€47,784) and Receivables within one year (+€42,249)
- Stocks and contracts +€20,580
new in 2024: €20,580
- Tangible fixed assets +€13,788
up €13,788 (+5.0%), from €274,157 to €287,944
of which Furniture and vehicles: +€25,700
- Debts after one year +€25,121
up €25,121 (+24.8%), from €101,311 to €126,433
- Accrued charges and deferred income -€23,725
down €23,725 (-99.9%), from €23,738 to €12
- Reserves +€15,000
new in 2024: €15,000
- Current portion of long-term debt +€12,090
up €12,090 (+92.9%), from €13,013 to €25,103
- Other debts -€7,014
down €7,014 (-16.7%), from €42,059 to €35,045
- Gross operating margin -€160,485
down €160,485 (-59.0%), from €271,875 to €111,390
- Taxes -€28,188
down €28,188 (-70.5%), from €40,000 to €11,812
- Depreciation +€27,901
up €27,901 (+140.3%), from €19,883 to €47,784
- Provisions -€13,000
no longer reported in 2024 (was €13,000)
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €569,283 | €599,353 | +€30,071 | +5.3% |
| Fixed assets | 21/28 | €274,457 | €288,244 | +€13,788 | +5.0% |
| Tangible fixed assets | 22/27 | €274,157 | €287,944 | +€13,788 | +5.0% |
| Land and buildings | 22 | €199,543 | €193,518 | -€6,025 | -3.0% |
| Plant, machinery and equipment | 23 | €22,252 | €16,364 | -€5,888 | -26.5% |
| Furniture and vehicles | 24 | €52,362 | €78,062 | +€25,700 | +49.1% |
| Financial fixed assets | 28 | €300 | €300 | = | 0.0% |
| Current assets | 29/58 | €294,826 | €311,109 | +€16,283 | +5.5% |
| Stocks and contracts in progress | 3 | - | €20,580 | +€20,580 | |
| Stocks | 30/36 | - | €20,580 | +€20,580 | |
| Amounts receivable within one year | 40/41 | €160,276 | €118,027 | -€42,249 | -26.4% |
| Trade receivables | 40 | €146,831 | €112,476 | -€34,355 | -23.4% |
| Other amounts receivable | 41 | €13,445 | €5,551 | -€7,894 | -58.7% |
| Cash at bank and in hand | 54/58 | €132,827 | €169,253 | +€36,426 | +27.4% |
| Deferred charges and accrued income | 490/1 | €1,723 | €3,249 | +€1,526 | +88.6% |
| Total equity and liabilities | 10/49 | €569,283 | €599,353 | +€30,071 | +5.3% |
| Equity | 10/15 | €218,518 | €238,456 | +€19,938 | +9.1% |
| Contributions | 10/11 | €5,500 | €5,500 | = | 0.0% |
| Reserves | 13 | - | €15,000 | +€15,000 | |
| Distributable reserves | 133 | - | €15,000 | +€15,000 | |
| Profit (loss) carried forward | 14 | €213,018 | €217,956 | +€4,938 | +2.3% |
| Provisions and deferred taxes | 16 | €13,000 | €13,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €13,000 | €13,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €13,000 | €13,000 | = | 0.0% |
| Amounts payable | 17/49 | €337,765 | €347,897 | +€10,132 | +3.0% |
| Amounts payable after more than one year | 17 | €101,311 | €126,433 | +€25,121 | +24.8% |
| Financial debts | 170/4 | €101,311 | €126,433 | +€25,121 | +24.8% |
| Amounts payable within one year | 42/48 | €212,716 | €221,452 | +€8,736 | +4.1% |
| Current portion of amounts payable after more than one year | 42 | €13,013 | €25,103 | +€12,090 | +92.9% |
| Trade debts | 44 | €103,634 | €109,805 | +€6,170 | +6.0% |
| Suppliers | 440/4 | €103,634 | €109,805 | +€6,170 | +6.0% |
| Taxes, remuneration and social security | 45 | €54,010 | €51,500 | -€2,510 | -4.6% |
| Taxes | 450/3 | €51,000 | €51,500 | +€500 | +1.0% |
| Remuneration and social security | 454/9 | €3,010 | - | -€3,010 | |
| Other amounts payable | 47/48 | €42,059 | €35,045 | -€7,014 | -16.7% |
| Accrued charges and deferred income | 492/3 | €23,738 | €12 | -€23,725 | -99.9% |
| Non-recurring operating income | 76A | €10,255 | - | -€10,255 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,883 | €47,784 | +€27,901 | +140.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €13,000 | - | -€13,000 | |
| Other operating charges | 640/8 | €3,836 | €3,605 | -€231 | -6.0% |
| Non-recurring operating charges | 66A | €39,583 | €18,332 | -€21,251 | -53.7% |
| Gross operating margin | 9900 | €271,875 | €111,390 | -€160,485 | -59.0% |
| Operating profit (loss) | 9901 | €195,573 | €41,669 | -€153,904 | -78.7% |
| Financial income | 75/76B | €61 | €190 | +€130 | +214.4% |
| Recurring financial income | 75 | €61 | €190 | +€130 | +214.4% |
| Financial charges | 65/66B | €9,652 | €10,110 | +€457 | +4.7% |
| Recurring financial charges | 65 | €7,344 | €7,593 | +€249 | +3.4% |
| Non-recurring financial charges | 66B | €2,309 | €2,516 | +€208 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €185,981 | €31,750 | -€154,231 | -82.9% |
| Income taxes | 67/77 | €40,000 | €11,812 | -€28,188 | -70.5% |
| Profit (loss) for the period | 9904 | €145,981 | €19,938 | -€126,043 | -86.3% |
| Profit (loss) for the period to be appropriated | 9905 | €145,981 | €19,938 | -€126,043 | -86.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.