MS 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.
MS TOITURE
Largest movements
- Receivables within one year -€32,600
down €32,600 (-42.5%), from €76,714 to €44,115
of which Trade receivables: -€52,293
- Tangible fixed assets -€17,585
down €17,585 (-46.4%), from €37,893 to €20,308
of which Furniture and vehicles: -€15,293
- Stocks and contracts +€9,002
new in 2025: €9,002
- Cash +€4,396
up €4,396 (+6.5%), from €68,156 to €72,552
mainly Receivables within one year (+€32,600) and Depreciation (+€17,585)
- Trade debts -€20,206
down €20,206 (-84.0%), from €24,044 to €3,838
- Profit (loss) carried forward -€11,497
new in 2025: -€11,497
- Other debts -€8,037
down €8,037 (-100%), from €8,037 to €0
- Tax, wage and social debts +€2,010
up €2,010 (+8.2%), from €24,390 to €26,400
of which Remuneration and social security: +€2,010
- Gross operating margin -€78,029
down €78,029 (-60.1%), from €129,783 to €51,754
- Taxes -€25,696
down €25,696 (-100%), from €25,696 to €0
- Staff costs +€16,632
up €16,632 (+59.9%), from €27,771 to €44,403
- Depreciation +€3,542
up €3,542 (+25.2%), from €14,043 to €17,585
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 | €184,646 | €146,853 | -€37,793 | -20.5% |
| Fixed assets | 21/28 | €38,525 | €20,939 | -€17,585 | -45.6% |
| Tangible fixed assets | 22/27 | €37,893 | €20,308 | -€17,585 | -46.4% |
| Plant, machinery and equipment | 23 | €7,346 | €5,054 | -€2,292 | -31.2% |
| Furniture and vehicles | 24 | €30,547 | €15,253 | -€15,293 | -50.1% |
| Financial fixed assets | 28 | €632 | €632 | = | 0.0% |
| Current assets | 29/58 | €146,122 | €125,914 | -€20,208 | -13.8% |
| Stocks and contracts in progress | 3 | - | €9,002 | +€9,002 | |
| Stocks | 30/36 | - | €9,002 | +€9,002 | |
| Amounts receivable within one year | 40/41 | €76,714 | €44,115 | -€32,600 | -42.5% |
| Trade receivables | 40 | €70,748 | €18,455 | -€52,293 | -73.9% |
| Other amounts receivable | 41 | €5,967 | €25,660 | +€19,693 | +330% |
| Cash at bank and in hand | 54/58 | €68,156 | €72,552 | +€4,396 | +6.5% |
| Deferred charges and accrued income | 490/1 | €1,252 | €245 | -€1,007 | -80.4% |
| Total equity and liabilities | 10/49 | €184,646 | €146,853 | -€37,793 | -20.5% |
| Equity | 10/15 | €128,111 | €116,614 | -€11,497 | -9.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €103,111 | €103,111 | = | 0.0% |
| Distributable reserves | 133 | €103,111 | €103,111 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€11,497 | -€11,497 | |
| Amounts payable | 17/49 | €56,535 | €30,239 | -€26,297 | -46.5% |
| Amounts payable within one year | 42/48 | €56,471 | €30,239 | -€26,233 | -46.5% |
| Trade debts | 44 | €24,044 | €3,838 | -€20,206 | -84.0% |
| Suppliers | 440/4 | €24,044 | €3,838 | -€20,206 | -84.0% |
| Taxes, remuneration and social security | 45 | €24,390 | €26,400 | +€2,010 | +8.2% |
| Taxes | 450/3 | €24,390 | €24,390 | = | 0.0% |
| Remuneration and social security | 454/9 | €0 | €2,010 | +€2,010 | |
| Other amounts payable | 47/48 | €8,037 | €0 | -€8,037 | -100% |
| Accrued charges and deferred income | 492/3 | €64 | €0 | -€64 | -100% |
| Remuneration, social security and pensions | 62 | €27,771 | €44,403 | +€16,632 | +59.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,043 | €17,585 | +€3,542 | +25.2% |
| Other operating charges | 640/8 | €1,792 | €912 | -€880 | -49.1% |
| Gross operating margin | 9900 | €129,783 | €51,754 | -€78,029 | -60.1% |
| Operating profit (loss) | 9901 | €86,176 | -€11,147 | -€97,323 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -99.7% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -99.7% |
| Financial charges | 65/66B | €266 | €350 | +€84 | +31.7% |
| Recurring financial charges | 65 | €266 | €350 | +€84 | +31.7% |
| Profit (loss) for the period before taxes | 9903 | €85,914 | -€11,497 | -€97,410 | |
| Income taxes | 67/77 | €25,696 | €0 | -€25,696 | -100% |
| Profit (loss) for the period | 9904 | €60,218 | -€11,497 | -€71,715 | |
| Profit (loss) for the period to be appropriated | 9905 | €60,218 | -€11,497 | -€71,715 |
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 18 October 2026 via checked.be.