LET'S TOAST: 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.
LET'S TOAST
Largest movements
- Tangible fixed assets -€30,285
down €30,285 (-5.0%), from €607,679 to €577,393
of which Land and buildings: -€29,400
- Debts after one year -€46,347
down €46,347 (-9.1%), from €508,486 to €462,139
- Profit (loss) carried forward +€22,188
up €22,188 (+9.4%), from -€236,760 to -€214,572
- Gross operating margin +€14,657
up €14,657 (+28.0%), from €52,340 to €66,997
- Other operating charges +€1,201
up €1,201 (+33.6%), from €3,577 to €4,778
- Financial charges -€972
down €972 (-9.1%), from €10,717 to €9,745
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 | €612,867 | €593,160 | -€19,707 | -3.2% |
| Fixed assets | 21/28 | €607,679 | €577,393 | -€30,285 | -5.0% |
| Tangible fixed assets | 22/27 | €607,679 | €577,393 | -€30,285 | -5.0% |
| Land and buildings | 22 | €601,575 | €572,175 | -€29,400 | -4.9% |
| Plant, machinery and equipment | 23 | €6,103 | €5,218 | -€885 | -14.5% |
| Current assets | 29/58 | €5,188 | €15,767 | +€10,579 | +204% |
| Amounts receivable within one year | 40/41 | €1,308 | €7,355 | +€6,047 | +462% |
| Trade receivables | 40 | €1,273 | €7,320 | +€6,047 | +475% |
| Other amounts receivable | 41 | €35 | €35 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,880 | €8,073 | +€4,193 | +108% |
| Deferred charges and accrued income | 490/1 | - | €339 | +€339 | |
| Total equity and liabilities | 10/49 | €612,867 | €593,160 | -€19,707 | -3.2% |
| Equity | 10/15 | -€36,760 | -€14,572 | +€22,188 | +60.4% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€236,760 | -€214,572 | +€22,188 | +9.4% |
| Amounts payable | 17/49 | €649,627 | €607,732 | -€41,895 | -6.4% |
| Amounts payable after more than one year | 17 | €508,486 | €462,139 | -€46,347 | -9.1% |
| Financial debts | 170/4 | €508,486 | €462,139 | -€46,347 | -9.1% |
| Amounts payable within one year | 42/48 | €141,140 | €145,593 | +€4,453 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €47,138 | €47,138 | = | 0.0% |
| Trade debts | 44 | €3,312 | - | -€3,312 | |
| Suppliers | 440/4 | €3,312 | - | -€3,312 | |
| Advances received on contracts in progress | 46 | €18,736 | €21,701 | +€2,965 | +15.8% |
| Taxes, remuneration and social security | 45 | €647 | €1,598 | +€951 | +147% |
| Taxes | 450/3 | €647 | €1,598 | +€951 | +147% |
| Other amounts payable | 47/48 | €71,306 | €75,156 | +€3,849 | +5.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,831 | €30,285 | -€545 | -1.8% |
| Other operating charges | 640/8 | €3,577 | €4,778 | +€1,201 | +33.6% |
| Gross operating margin | 9900 | €52,340 | €66,997 | +€14,657 | +28.0% |
| Operating profit (loss) | 9901 | €17,932 | €31,934 | +€14,002 | +78.1% |
| Financial charges | 65/66B | €10,717 | €9,745 | -€972 | -9.1% |
| Recurring financial charges | 65 | €10,717 | €9,745 | -€972 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | €7,215 | €22,188 | +€14,974 | +208% |
| Profit (loss) for the period | 9904 | €7,215 | €22,188 | +€14,974 | +208% |
| Profit (loss) for the period to be appropriated | 9905 | €7,215 | €22,188 | +€14,974 | +208% |
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.