MD 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.
MD TOITURES
Largest movements
- Receivables within one year -€31,527
down €31,527 (-46.0%), from €68,517 to €36,990
of which Other amounts receivable: -€24,113
- Tangible fixed assets -€6,641
down €6,641 (-3.6%), from €185,961 to €179,320
of which Land and buildings: -€7,200
- Debts after one year -€24,704
down €24,704 (-11.7%), from €210,787 to €186,083
- Profit (loss) carried forward -€11,252
down €11,252 (-58.2%), from -€19,331 to -€30,583
- Tax, wage and social debts -€6,197
down €6,197 (-89.0%), from €6,963 to €766
- Trade debts +€3,617
up €3,617 (+91.2%), from €3,965 to €7,582
- Gross operating margin +€21,130
up €21,130 (+214%), from €9,878 to €31,008
- Depreciation -€14,081
down €14,081 (-59.4%), from €23,722 to €9,641
- Taxes +€10,189
up €10,189 (+2,710%), from €376 to €10,565
- Financial charges -€1,244
down €1,244 (-9.1%), from €13,657 to €12,413
- Other operating charges +€1,243
up €1,243 (+11.4%), from €10,899 to €12,142
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €254,858 | €218,240 | -€36,618 | -14.4% |
| Fixed assets | 21/28 | €186,311 | €179,670 | -€6,641 | -3.6% |
| Tangible fixed assets | 22/27 | €185,961 | €179,320 | -€6,641 | -3.6% |
| Land and buildings | 22 | €184,400 | €177,200 | -€7,200 | -3.9% |
| Plant, machinery and equipment | 23 | €627 | €215 | -€412 | -65.7% |
| Furniture and vehicles | 24 | €934 | €1,905 | +€971 | +104% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €68,547 | €38,570 | -€29,977 | -43.7% |
| Amounts receivable within one year | 40/41 | €68,517 | €36,990 | -€31,527 | -46.0% |
| Trade receivables | 40 | €7,414 | - | -€7,414 | |
| Other amounts receivable | 41 | €61,103 | €36,990 | -€24,113 | -39.5% |
| Cash at bank and in hand | 54/58 | €30 | €1,580 | +€1,550 | +5,167% |
| Total equity and liabilities | 10/49 | €254,858 | €218,240 | -€36,618 | -14.4% |
| Equity | 10/15 | -€4,631 | -€15,883 | -€11,252 | -243% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €4,700 | €4,700 | = | 0.0% |
| Distributable reserves | 133 | €4,700 | €4,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€19,331 | -€30,583 | -€11,252 | -58.2% |
| Amounts payable | 17/49 | €259,489 | €234,123 | -€25,366 | -9.8% |
| Amounts payable after more than one year | 17 | €210,787 | €186,083 | -€24,704 | -11.7% |
| Financial debts | 170/4 | €210,787 | €186,083 | -€24,704 | -11.7% |
| Amounts payable within one year | 42/48 | €48,702 | €48,040 | -€662 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €23,341 | €24,706 | +€1,365 | +5.8% |
| Financial debts | 43 | €14,433 | €14,986 | +€553 | +3.8% |
| Credit institutions | 430/8 | €14,433 | €14,986 | +€553 | +3.8% |
| Trade debts | 44 | €3,965 | €7,582 | +€3,617 | +91.2% |
| Suppliers | 440/4 | €3,965 | €7,582 | +€3,617 | +91.2% |
| Taxes, remuneration and social security | 45 | €6,963 | €766 | -€6,197 | -89.0% |
| Taxes | 450/3 | €6,963 | €766 | -€6,197 | -89.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,722 | €9,641 | -€14,081 | -59.4% |
| Other operating charges | 640/8 | €10,899 | €12,142 | +€1,243 | +11.4% |
| Gross operating margin | 9900 | €9,878 | €31,008 | +€21,130 | +214% |
| Operating profit (loss) | 9901 | -€24,743 | €9,225 | +€33,968 | |
| Financial income | 75/76B | €3,356 | €2,501 | -€855 | -25.5% |
| Recurring financial income | 75 | €3,356 | €2,501 | -€855 | -25.5% |
| Financial charges | 65/66B | €13,657 | €12,413 | -€1,244 | -9.1% |
| Recurring financial charges | 65 | €13,657 | €12,413 | -€1,244 | -9.1% |
| Profit (loss) for the period before taxes | 9903 | -€35,044 | -€687 | +€34,357 | +98.0% |
| Income taxes | 67/77 | €376 | €10,565 | +€10,189 | +2,710% |
| Profit (loss) for the period | 9904 | -€35,420 | -€11,252 | +€24,168 | +68.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,420 | -€11,252 | +€24,168 | +68.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.