LA TOQUE BLANCHE: 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.
LA TOQUE BLANCHE
Largest movements
- Cash +€257,414
up €257,414 (+44.9%), from €572,705 to €830,119
mainly Net result for the year (+€352,923) and Advances received (+€83,994)
- Receivables within one year +€176,745
up €176,745 (+23.6%), from €747,863 to €924,609
of which Trade receivables: +€177,116
- Tangible fixed assets +€22,568
up €22,568 (+20.5%), from €110,246 to €132,815
of which Furniture and vehicles: +€31,044
- Profit (loss) carried forward +€352,923
up €352,923 (+75.8%), from €465,755 to €818,678
- Advances received +€83,994
up €83,994 (+117%), from €71,818 to €155,811
- Trade debts +€29,634
up €29,634 (+14.3%), from €206,772 to €236,406
- Staff costs +€116,850
up €116,850 (+19.4%), from €603,081 to €719,931
- Gross operating margin +€68,479
up €68,479 (+5.6%), from €1.2m to €1.3m
- Write-downs -€64,763
down €64,763, from €9,893 to -€54,870
- Other operating charges +€51,881
up €51,881 (+122%), from €42,437 to €94,318
- Taxes -€38,692
down €38,692 (-22.9%), from €169,068 to €130,376
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 | €1,470,464 | €1,918,448 | +€447,984 | +30.5% |
| Fixed assets | 21/28 | €118,242 | €140,811 | +€22,568 | +19.1% |
| Tangible fixed assets | 22/27 | €110,246 | €132,815 | +€22,568 | +20.5% |
| Land and buildings | 22 | €5,052 | €3,538 | -€1,514 | -30.0% |
| Plant, machinery and equipment | 23 | €27,707 | €23,042 | -€4,665 | -16.8% |
| Furniture and vehicles | 24 | €65,310 | €96,354 | +€31,044 | +47.5% |
| Other tangible fixed assets | 26 | €12,178 | €9,880 | -€2,297 | -18.9% |
| Financial fixed assets | 28 | €7,996 | €7,996 | = | 0.0% |
| Current assets | 29/58 | €1,352,221 | €1,777,637 | +€425,416 | +31.5% |
| Stocks and contracts in progress | 3 | €17,485 | €15,526 | -€1,959 | -11.2% |
| Stocks | 30/36 | €17,485 | €15,526 | -€1,959 | -11.2% |
| Amounts receivable within one year | 40/41 | €747,863 | €924,609 | +€176,745 | +23.6% |
| Trade receivables | 40 | €725,841 | €902,956 | +€177,116 | +24.4% |
| Other amounts receivable | 41 | €22,022 | €21,652 | -€370 | -1.7% |
| Cash at bank and in hand | 54/58 | €572,705 | €830,119 | +€257,414 | +44.9% |
| Deferred charges and accrued income | 490/1 | €14,168 | €7,383 | -€6,786 | -47.9% |
| Total equity and liabilities | 10/49 | €1,470,464 | €1,918,448 | +€447,984 | +30.5% |
| Equity | 10/15 | €1,033,206 | €1,386,129 | +€352,923 | +34.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €547,000 | €547,000 | = | 0.0% |
| Distributable reserves | 133 | €547,000 | €547,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €465,755 | €818,678 | +€352,923 | +75.8% |
| Amounts payable | 17/49 | €437,258 | €532,319 | +€95,061 | +21.7% |
| Amounts payable within one year | 42/48 | €437,159 | €532,269 | +€95,110 | +21.8% |
| Trade debts | 44 | €206,772 | €236,406 | +€29,634 | +14.3% |
| Suppliers | 440/4 | €206,772 | €236,406 | +€29,634 | +14.3% |
| Advances received on contracts in progress | 46 | €71,818 | €155,811 | +€83,994 | +117% |
| Taxes, remuneration and social security | 45 | €142,772 | €138,569 | -€4,203 | -2.9% |
| Taxes | 450/3 | €95,879 | €28,183 | -€67,697 | -70.6% |
| Remuneration and social security | 454/9 | €46,893 | €110,387 | +€63,494 | +135% |
| Other amounts payable | 47/48 | €15,798 | €1,483 | -€14,315 | -90.6% |
| Accrued charges and deferred income | 492/3 | €98 | €50 | -€49 | -49.4% |
| Remuneration, social security and pensions | 62 | €603,081 | €719,931 | +€116,850 | +19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,831 | €40,360 | -€471 | -1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,893 | -€54,870 | -€64,763 | |
| Other operating charges | 640/8 | €42,437 | €94,318 | +€51,881 | +122% |
| Non-recurring operating charges | 66A | - | €159 | +€159 | |
| Gross operating margin | 9900 | €1,215,398 | €1,283,877 | +€68,479 | +5.6% |
| Operating profit (loss) | 9901 | €519,156 | €483,980 | -€35,176 | -6.8% |
| Financial income | 75/76B | €1,996 | €925 | -€1,071 | -53.7% |
| Recurring financial income | 75 | €1,996 | €925 | -€1,071 | -53.7% |
| Financial charges | 65/66B | €4,655 | €1,607 | -€3,048 | -65.5% |
| Recurring financial charges | 65 | €4,655 | €1,607 | -€3,048 | -65.5% |
| Profit (loss) for the period before taxes | 9903 | €516,497 | €483,298 | -€33,199 | -6.4% |
| Income taxes | 67/77 | €169,068 | €130,376 | -€38,692 | -22.9% |
| Profit (loss) for the period | 9904 | €347,429 | €352,923 | +€5,493 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €347,429 | €352,923 | +€5,493 | +1.6% |
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 22 October 2026 via checked.be.