Mch Toiture: 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.
Mch Toiture
Largest movements
- Intangible fixed assets +€101,806
new in 2025: €101,806
- Cash -€54,298
down €54,298 (-57.3%), from €94,794 to €40,496
mainly Investment in fixed assets (net) (-€123,111) and Net result for the year (-€62,982)
- Receivables within one year +€52,823
up €52,823 (+77.7%), from €68,017 to €120,840
of which Trade receivables: +€40,877
- Tangible fixed assets -€21,980
down €21,980 (-5.6%), from €395,287 to €373,306
of which Leasing and similar rights: -€16,783
- Stocks and contracts -€11,124
down €11,124 (-47.5%), from €23,436 to €12,312
- Profit (loss) carried forward -€62,982
down €62,982 (-37.6%), from €167,670 to €104,688
- Other debts +€56,336
up €56,336, from €0 to €56,336
- Trade debts +€55,560
up €55,560 (+241%), from €23,054 to €78,614
of which Suppliers: +€58,970
- Debts after one year -€14,369
down €14,369 (-4.2%), from €342,351 to €327,982
- Tax, wage and social debts +€12,226
up €12,226 (+85.2%), from €14,347 to €26,574
of which Remuneration and social security: +€9,052
- Gross operating margin -€78,958
down €78,958 (-17.1%), from €461,189 to €382,231
- Staff costs +€54,570
up €54,570 (+17.7%), from €308,657 to €363,227
- Taxes -€13,186
down €13,186 (-98.1%), from €13,436 to €250
- Depreciation +€8,523
up €8,523 (+23.2%), from €36,762 to €45,285
- Write-downs -€6,177
down €6,177 (-53.3%), from €11,595 to €5,418
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 | €631,027 | €685,237 | +€54,210 | +8.6% |
| Fixed assets | 21/28 | €401,081 | €478,907 | +€77,826 | +19.4% |
| Intangible fixed assets | 21 | - | €101,806 | +€101,806 | |
| Tangible fixed assets | 22/27 | €395,287 | €373,306 | -€21,980 | -5.6% |
| Land and buildings | 22 | €330,644 | €316,841 | -€13,803 | -4.2% |
| Plant, machinery and equipment | 23 | €3,876 | €11,096 | +€7,220 | +186% |
| Furniture and vehicles | 24 | €6,830 | €8,216 | +€1,386 | +20.3% |
| Leasing and similar rights | 25 | €53,937 | €37,153 | -€16,783 | -31.1% |
| Financial fixed assets | 28 | €5,794 | €3,794 | -€2,000 | -34.5% |
| Current assets | 29/58 | €229,946 | €206,330 | -€23,616 | -10.3% |
| Stocks and contracts in progress | 3 | €23,436 | €12,312 | -€11,124 | -47.5% |
| Stocks | 30/36 | €23,436 | €12,312 | -€11,124 | -47.5% |
| Amounts receivable within one year | 40/41 | €68,017 | €120,840 | +€52,823 | +77.7% |
| Trade receivables | 40 | €62,018 | €102,895 | +€40,877 | +65.9% |
| Other amounts receivable | 41 | €5,999 | €17,945 | +€11,946 | +199% |
| Cash at bank and in hand | 54/58 | €94,794 | €40,496 | -€54,298 | -57.3% |
| Deferred charges and accrued income | 490/1 | €43,699 | €32,682 | -€11,017 | -25.2% |
| Total equity and liabilities | 10/49 | €631,027 | €685,237 | +€54,210 | +8.6% |
| Equity | 10/15 | €191,366 | €127,377 | -€63,989 | -33.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | - | €18,600 | +€18,600 | |
| Other | 1109/19 | - | €18,600 | +€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €167,670 | €104,688 | -€62,982 | -37.6% |
| Investment grants | 15 | €3,236 | €2,229 | -€1,007 | -31.1% |
| Amounts payable | 17/49 | €439,661 | €557,860 | +€118,199 | +26.9% |
| Amounts payable after more than one year | 17 | €342,351 | €327,982 | -€14,369 | -4.2% |
| Financial debts | 170/4 | €342,351 | €327,982 | -€14,369 | -4.2% |
| Amounts payable within one year | 42/48 | €90,927 | €216,630 | +€125,703 | +138% |
| Current portion of amounts payable after more than one year | 42 | €47,525 | €46,981 | -€544 | -1.1% |
| Financial debts | 43 | €6,000 | €8,125 | +€2,125 | +35.4% |
| Credit institutions | 430/8 | €6,000 | €8,125 | +€2,125 | +35.4% |
| Trade debts | 44 | €23,054 | €78,614 | +€55,560 | +241% |
| Suppliers | 440/4 | €19,644 | €78,614 | +€58,970 | +300% |
| Bills of exchange payable | 441 | €3,410 | - | -€3,410 | |
| Taxes, remuneration and social security | 45 | €14,347 | €26,574 | +€12,226 | +85.2% |
| Taxes | 450/3 | €1,830 | €5,005 | +€3,174 | +173% |
| Remuneration and social security | 454/9 | €12,517 | €21,569 | +€9,052 | +72.3% |
| Other amounts payable | 47/48 | €0 | €56,336 | +€56,336 | |
| Accrued charges and deferred income | 492/3 | €6,384 | €13,249 | +€6,865 | +108% |
| Turnover | 70 | €0 | - | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €308,657 | €363,227 | +€54,570 | +17.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,762 | €45,285 | +€8,523 | +23.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,595 | €5,418 | -€6,177 | -53.3% |
| Other operating charges | 640/8 | €5,826 | €6,784 | +€958 | +16.4% |
| Gross operating margin | 9900 | €461,189 | €382,231 | -€78,958 | -17.1% |
| Operating profit (loss) | 9901 | €98,349 | -€38,482 | -€136,832 | |
| Financial income | 75/76B | €2,923 | €1,074 | -€1,850 | -63.3% |
| Recurring financial income | 75 | €2,923 | €1,074 | -€1,850 | -63.3% |
| Financial charges | 65/66B | €23,641 | €25,323 | +€1,682 | +7.1% |
| Recurring financial charges | 65 | €23,641 | €25,323 | +€1,682 | +7.1% |
| Profit (loss) for the period before taxes | 9903 | €77,632 | -€62,732 | -€140,363 | |
| Income taxes | 67/77 | €13,436 | €250 | -€13,186 | -98.1% |
| Profit (loss) for the period | 9904 | €64,195 | -€62,982 | -€127,177 | |
| Profit (loss) for the period to be appropriated | 9905 | €64,195 | -€62,982 | -€127,177 |
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.