MA Toiture: what changed
MA Toiture
Largest movements
- Tangible fixed assets -€13,941
down €13,941 (-34.2%), from €40,776 to €26,835
of which Furniture and vehicles: -€8,614
- Receivables within one year -€10,794
down €10,794 (-87.9%), from €12,285 to €1,490
of which Other amounts receivable: -€9,179
- Cash -€6,929
down €6,929 (-15.0%), from €46,117 to €39,188
mainly Trade debts (-€16,252) and Current portion of long-term debt (-€11,557)
- Financial fixed assets +€1,700
new in 2025: €1,700
- Trade debts -€16,252
down €16,252 (-86.3%), from €18,839 to €2,587
- Current portion of long-term debt -€11,557
down €11,557 (-28.8%), from €40,120 to €28,563
- Profit (loss) carried forward -€4,450
down €4,450 (-23.6%), from €18,832 to €14,382
- Other debts +€1,675
up €1,675 (+20.2%), from €8,299 to €9,975
- Staff costs +€37,962
up €37,962 (+58.1%), from €65,374 to €103,336
- Gross operating margin +€32,758
up €32,758 (+38.3%), from €85,522 to €118,280
- Depreciation +€4,779
up €4,779 (+52.2%), from €9,162 to €13,941
- Taxes -€1,777
no longer reported in 2025 (was €1,777)
- Other operating charges +€1,534
up €1,534 (+107%), from €1,440 to €2,974
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €106,603 | €76,639 | -€29,964 | -28.1% |
| Fixed assets | 21/28 | €40,776 | €28,535 | -€12,241 | -30.0% |
| Tangible fixed assets | 22/27 | €40,776 | €26,835 | -€13,941 | -34.2% |
| Plant, machinery and equipment | 23 | €20,500 | €15,173 | -€5,327 | -26.0% |
| Furniture and vehicles | 24 | €20,276 | €11,662 | -€8,614 | -42.5% |
| Financial fixed assets | 28 | - | €1,700 | +€1,700 | |
| Current assets | 29/58 | €65,827 | €48,104 | -€17,723 | -26.9% |
| Stocks and contracts in progress | 3 | €7,426 | €7,426 | = | 0.0% |
| Stocks | 30/36 | €7,426 | €7,426 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €12,285 | €1,490 | -€10,794 | -87.9% |
| Trade receivables | 40 | €1,616 | - | -€1,616 | |
| Other amounts receivable | 41 | €10,669 | €1,490 | -€9,179 | -86.0% |
| Cash at bank and in hand | 54/58 | €46,117 | €39,188 | -€6,929 | -15.0% |
| Total equity and liabilities | 10/49 | €106,603 | €76,639 | -€29,964 | -28.1% |
| Equity | 10/15 | €37,392 | €32,942 | -€4,450 | -11.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €12,360 | €12,360 | = | 0.0% |
| Distributable reserves | 133 | €12,360 | €12,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €18,832 | €14,382 | -€4,450 | -23.6% |
| Amounts payable | 17/49 | €69,211 | €43,697 | -€25,514 | -36.9% |
| Amounts payable within one year | 42/48 | €69,211 | €43,697 | -€25,514 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | €40,120 | €28,563 | -€11,557 | -28.8% |
| Trade debts | 44 | €18,839 | €2,587 | -€16,252 | -86.3% |
| Suppliers | 440/4 | €18,839 | €2,587 | -€16,252 | -86.3% |
| Taxes, remuneration and social security | 45 | €1,952 | €2,573 | +€620 | +31.8% |
| Taxes | 450/3 | €1,777 | €2,573 | +€796 | +44.8% |
| Remuneration and social security | 454/9 | €175 | - | -€175 | |
| Other amounts payable | 47/48 | €8,299 | €9,975 | +€1,675 | +20.2% |
| Remuneration, social security and pensions | 62 | €65,374 | €103,336 | +€37,962 | +58.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,162 | €13,941 | +€4,779 | +52.2% |
| Other operating charges | 640/8 | €1,440 | €2,974 | +€1,534 | +107% |
| Non-recurring operating charges | 66A | - | €2,700 | +€2,700 | |
| Gross operating margin | 9900 | €85,522 | €118,280 | +€32,758 | +38.3% |
| Operating profit (loss) | 9901 | €9,546 | -€4,671 | -€14,217 | |
| Financial income | 75/76B | €411 | €358 | -€53 | -12.9% |
| Recurring financial income | 75 | €411 | €358 | -€53 | -12.9% |
| Financial charges | 65/66B | €722 | €137 | -€585 | -81.0% |
| Recurring financial charges | 65 | €722 | €137 | -€585 | -81.0% |
| Profit (loss) for the period before taxes | 9903 | €9,235 | -€4,450 | -€13,685 | |
| Income taxes | 67/77 | €1,777 | - | -€1,777 | |
| Profit (loss) for the period | 9904 | €7,458 | -€4,450 | -€11,908 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,458 | -€4,450 | -€11,908 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.