LE TONKIN: 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.
What changed
LE TONKIN
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€58,288
2024 · €20,201+€38,087
Equity
€131,000
2024 · €72,712+€58,288
Cash
€12,341
2024 · €6,001+€6,340
Balance sheet total
€596,306
2024 · €646,857-€50,551
Largest movements
Assets
- Tangible fixed assets -€50,797
down €50,797 (-8.4%), from €605,422 to €554,624
of which Furniture and vehicles: -€29,814
Equity and liabilities
- Debts after one year -€65,877
down €65,877 (-22.6%), from €291,710 to €225,833
- Profit (loss) carried forward +€58,288
up €58,288, from -€286 to €58,002
- Trade debts -€16,584
down €16,584 (-81.3%), from €20,387 to €3,803
- Tax, wage and social debts -€14,882
down €14,882 (-22.3%), from €66,730 to €51,848
Income statement
- Other operating charges -€18,110
down €18,110 (-72.7%), from €24,910 to €6,800
- Gross operating margin +€14,787
up €14,787 (+12.9%), from €114,942 to €129,729
- Financial charges -€2,463
down €2,463 (-19.2%), from €12,829 to €10,366
- Depreciation -€1,665
down €1,665 (-3.0%), from €56,119 to €54,454
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.
Result 2024
€20,201
Gross operating margin
+€14,787
Staff costs
+€817
Depreciation
+€1,665
Other operating charges
+€18,110
Financial income
+€1
Financial charges
+€2,463
Taxes
+€245
Result 2025
€58,288
raises the result
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.
From operations
+€80,725
Investment
-€3,044
Financing
-€71,341
Cash 2024
€6,001
From operations (derived)
+€80,725
Net result for the year
+€58,288
Depreciation
+€54,454
Stocks and contracts
+€125
Receivables within one year
+€1,782
Deferred charges and accrued income
+€3,573
Trade debts
-€16,584
Tax, wage and social debts
-€14,882
Advances received
-€2,500
Other debts
-€3,531
Investment (derived)
-€3,044
Investment in fixed assets (net)
-€3,044
Financing
-€71,341
Debts after one year
-€65,877
Current portion of long-term debt
-€2,178
Short-term financial debts
-€3,287
Cash 2025
€12,341
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €646,857 | €596,306 | -€50,551 | -7.8% |
| Formation expenses | 20 | €11,886 | €11,274 | -€612 | -5.2% |
| Fixed assets | 21/28 | €617,834 | €567,036 | -€50,797 | -8.2% |
| Tangible fixed assets | 22/27 | €605,422 | €554,624 | -€50,797 | -8.4% |
| Land and buildings | 22 | €466,333 | €450,307 | -€16,025 | -3.4% |
| Plant, machinery and equipment | 23 | €39,939 | €34,981 | -€4,958 | -12.4% |
| Furniture and vehicles | 24 | €99,150 | €69,335 | -€29,814 | -30.1% |
| Financial fixed assets | 28 | €12,412 | €12,412 | = | 0.0% |
| Current assets | 29/58 | €17,137 | €17,996 | +€859 | +5.0% |
| Stocks and contracts in progress | 3 | €462 | €337 | -€125 | -27.1% |
| Stocks | 30/36 | €462 | €337 | -€125 | -27.1% |
| Amounts receivable within one year | 40/41 | €6,259 | €4,477 | -€1,782 | -28.5% |
| Other amounts receivable | 41 | €6,259 | €4,477 | -€1,782 | -28.5% |
| Cash at bank and in hand | 54/58 | €6,001 | €12,341 | +€6,340 | +106% |
| Deferred charges and accrued income | 490/1 | €4,414 | €840 | -€3,573 | -81.0% |
| Total equity and liabilities | 10/49 | €646,857 | €596,306 | -€50,551 | -7.8% |
| Equity | 10/15 | €72,712 | €131,000 | +€58,288 | +80.2% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €16,798 | €16,798 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,161 | €3,161 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,161 | €3,161 | = | 0.0% |
| Distributable reserves | 133 | €13,636 | €13,636 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€286 | €58,002 | +€58,288 | |
| Amounts payable | 17/49 | €574,145 | €465,306 | -€108,839 | -19.0% |
| Amounts payable after more than one year | 17 | €291,710 | €225,833 | -€65,877 | -22.6% |
| Financial debts | 170/4 | €291,710 | €225,833 | -€65,877 | -22.6% |
| Amounts payable within one year | 42/48 | €282,435 | €239,474 | -€42,962 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €66,416 | €64,239 | -€2,178 | -3.3% |
| Financial debts | 43 | €3,287 | - | -€3,287 | |
| Other loans | 439 | €3,287 | - | -€3,287 | |
| Trade debts | 44 | €20,387 | €3,803 | -€16,584 | -81.3% |
| Suppliers | 440/4 | €20,387 | €3,803 | -€16,584 | -81.3% |
| Advances received on contracts in progress | 46 | €2,500 | - | -€2,500 | |
| Taxes, remuneration and social security | 45 | €66,730 | €51,848 | -€14,882 | -22.3% |
| Taxes | 450/3 | €66,730 | €51,848 | -€14,882 | -22.3% |
| Other amounts payable | 47/48 | €123,116 | €119,585 | -€3,531 | -2.9% |
| Remuneration, social security and pensions | 62 | €408 | -€408 | -€817 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,119 | €54,454 | -€1,665 | -3.0% |
| Other operating charges | 640/8 | €24,910 | €6,800 | -€18,110 | -72.7% |
| Gross operating margin | 9900 | €114,942 | €129,729 | +€14,787 | +12.9% |
| Operating profit (loss) | 9901 | €33,505 | €68,884 | +€35,379 | +106% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €12,829 | €10,366 | -€2,463 | -19.2% |
| Recurring financial charges | 65 | €12,829 | €10,366 | -€2,463 | -19.2% |
| Profit (loss) for the period before taxes | 9903 | €20,676 | €58,518 | +€37,842 | +183% |
| Income taxes | 67/77 | €475 | €230 | -€245 | -51.6% |
| Profit (loss) for the period | 9904 | €20,201 | €58,288 | +€38,087 | +189% |
| Profit (loss) for the period to be appropriated | 9905 | €20,201 | €58,288 | +€38,087 | +189% |
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 24 October 2026 via checked.be.