M.H. 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.
M.H. TOITURES
Largest movements
- Tangible fixed assets +€6,758
up €6,758 (+2.6%), from €256,163 to €262,921
of which Land and buildings: +€23,291
- Debts after one year +€14,438
up €14,438 (+8.6%), from €167,888 to €182,326
- Other debts +€13,247
up €13,247, from €0 to €13,247
- Reserves -€8,832
down €8,832 (-11.1%), from €79,315 to €70,484
of which Distributable reserves: -€8,832
- Trade debts -€7,580
down €7,580 (-52.0%), from €14,575 to €6,995
- Gross operating margin -€22,518
down €22,518 (-33.6%), from €67,064 to €44,546
- Depreciation -€5,569
down €5,569 (-14.7%), from €37,777 to €32,207
- Taxes -€5,566
down €5,566 (-77.3%), from €7,200 to €1,634
- Other operating charges -€1,644
down €1,644 (-67.8%), from €2,424 to €780
- Financial charges -€1,015
down €1,015 (-16.6%), from €6,120 to €5,106
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 | €319,981 | €331,821 | +€11,839 | +3.7% |
| Fixed assets | 21/28 | €256,657 | €262,921 | +€6,264 | +2.4% |
| Intangible fixed assets | 21 | €495 | - | -€495 | |
| Tangible fixed assets | 22/27 | €256,163 | €262,921 | +€6,758 | +2.6% |
| Land and buildings | 22 | €216,749 | €240,040 | +€23,291 | +10.7% |
| Plant, machinery and equipment | 23 | €13,629 | €11,075 | -€2,554 | -18.7% |
| Furniture and vehicles | 24 | €1,974 | €3,337 | +€1,363 | +69.1% |
| Leasing and similar rights | 25 | €23,811 | €8,469 | -€15,342 | -64.4% |
| Current assets | 29/58 | €63,324 | €68,900 | +€5,576 | +8.8% |
| Amounts receivable within one year | 40/41 | €50,100 | €52,623 | +€2,523 | +5.0% |
| Trade receivables | 40 | €46,117 | €40,025 | -€6,091 | -13.2% |
| Other amounts receivable | 41 | €3,984 | €12,598 | +€8,614 | +216% |
| Cash at bank and in hand | 54/58 | €12,727 | €14,160 | +€1,433 | +11.3% |
| Deferred charges and accrued income | 490/1 | €497 | €2,116 | +€1,620 | +326% |
| Total equity and liabilities | 10/49 | €319,981 | €331,821 | +€11,839 | +3.7% |
| Equity | 10/15 | €102,757 | €93,929 | -€8,828 | -8.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €79,315 | €70,484 | -€8,832 | -11.1% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €79,315 | €70,484 | -€8,832 | -11.1% |
| Profit (loss) carried forward | 14 | €4,842 | €4,845 | +€3 | +0.1% |
| Amounts payable | 17/49 | €217,224 | €237,892 | +€20,668 | +9.5% |
| Amounts payable after more than one year | 17 | €167,888 | €182,326 | +€14,438 | +8.6% |
| Financial debts | 170/4 | €167,888 | €182,326 | +€14,438 | +8.6% |
| Amounts payable within one year | 42/48 | €49,336 | €55,566 | +€6,230 | +12.6% |
| Current portion of amounts payable after more than one year | 42 | €27,560 | €26,826 | -€734 | -2.7% |
| Trade debts | 44 | €14,575 | €6,995 | -€7,580 | -52.0% |
| Suppliers | 440/4 | €14,575 | €6,995 | -€7,580 | -52.0% |
| Taxes, remuneration and social security | 45 | €7,200 | €8,498 | +€1,298 | +18.0% |
| Taxes | 450/3 | €7,200 | €8,498 | +€1,298 | +18.0% |
| Other amounts payable | 47/48 | €0 | €13,247 | +€13,247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,777 | €32,207 | -€5,569 | -14.7% |
| Other operating charges | 640/8 | €2,424 | €780 | -€1,644 | -67.8% |
| Non-recurring operating charges | 66A | - | €495 | +€495 | |
| Gross operating margin | 9900 | €67,064 | €44,546 | -€22,518 | -33.6% |
| Operating profit (loss) | 9901 | €26,864 | €11,064 | -€15,800 | -58.8% |
| Financial income | 75/76B | €148 | €94 | -€54 | -36.6% |
| Recurring financial income | 75 | €148 | €94 | -€54 | -36.6% |
| Financial charges | 65/66B | €6,120 | €5,106 | -€1,015 | -16.6% |
| Recurring financial charges | 65 | €6,120 | €5,106 | -€1,015 | -16.6% |
| Profit (loss) for the period before taxes | 9903 | €20,892 | €6,053 | -€14,839 | -71.0% |
| Income taxes | 67/77 | €7,200 | €1,634 | -€5,566 | -77.3% |
| Profit (loss) for the period | 9904 | €13,691 | €4,418 | -€9,273 | -67.7% |
| Profit (loss) for the period to be appropriated | 9905 | €13,691 | €4,418 | -€9,273 | -67.7% |
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 1 November 2026 via checked.be.