Pirotte-Toussaint: what changed
Pirotte-Toussaint
Largest movements
- Cash -€41,966
down €41,966 (-26.7%), from €157,273 to €115,306
mainly Contributions, distributions and other (-€128,666) and Investment in fixed assets (net) (-€38,897)
- Current investments +€36,314
up €36,314 (+49.1%), from €74,015 to €110,328
- Tangible fixed assets +€6,272
up €6,272 (+6.3%), from €98,784 to €105,055
of which Other tangible fixed assets: +€6,649
- Receivables within one year +€4,546
up €4,546 (+4.4%), from €104,476 to €109,022
of which Trade receivables: +€2,775
- Other debts +€81,226
up €81,226 (+108%), from €74,956 to €156,182
- Reserves -€70,000
down €70,000 (-27.1%), from €257,860 to €187,860
- Debts after one year -€12,911
down €12,911 (-23.2%), from €55,546 to €42,635
- Trade debts +€8,095
up €8,095 (+82.6%), from €9,802 to €17,897
- Tax, wage and social debts +€4,997
up €4,997 (+90.0%), from €5,552 to €10,549
of which Taxes: +€4,929
- Gross operating margin -€19,210
down €19,210 (-11.7%), from €164,764 to €145,554
- Depreciation -€18,025
down €18,025 (-35.6%), from €50,648 to €32,623
- Other operating charges -€4,246
down €4,246 (-42.2%), from €10,072 to €5,826
- Taxes +€1,822
up €1,822 (+6.1%), from €29,908 to €31,730
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 | €443,017 | €450,006 | +€6,989 | +1.6% |
| Fixed assets | 21/28 | €99,266 | €105,540 | +€6,274 | +6.3% |
| Tangible fixed assets | 22/27 | €98,784 | €105,055 | +€6,272 | +6.3% |
| Plant, machinery and equipment | 23 | €4,152 | €2,683 | -€1,469 | -35.4% |
| Furniture and vehicles | 24 | €36,721 | €37,813 | +€1,091 | +3.0% |
| Other tangible fixed assets | 26 | €57,910 | €64,559 | +€6,649 | +11.5% |
| Financial fixed assets | 28 | €483 | €485 | +€2 | +0.4% |
| Current assets | 29/58 | €343,751 | €344,466 | +€715 | +0.2% |
| Amounts receivable within one year | 40/41 | €104,476 | €109,022 | +€4,546 | +4.4% |
| Trade receivables | 40 | €97,609 | €100,384 | +€2,775 | +2.8% |
| Other amounts receivable | 41 | €6,867 | €8,638 | +€1,771 | +25.8% |
| Current investments | 50/53 | €74,015 | €110,328 | +€36,314 | +49.1% |
| Cash at bank and in hand | 54/58 | €157,273 | €115,306 | -€41,966 | -26.7% |
| Deferred charges and accrued income | 490/1 | €7,987 | €9,809 | +€1,822 | +22.8% |
| Total equity and liabilities | 10/49 | €443,017 | €450,006 | +€6,989 | +1.6% |
| Equity | 10/15 | €280,953 | €209,832 | -€71,121 | -25.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €257,860 | €187,860 | -€70,000 | -27.1% |
| Distributable reserves | 133 | €257,860 | €187,860 | -€70,000 | -27.1% |
| Profit (loss) carried forward | 14 | €16,893 | €15,772 | -€1,121 | -6.6% |
| Amounts payable | 17/49 | €162,065 | €240,174 | +€78,109 | +48.2% |
| Amounts payable after more than one year | 17 | €55,546 | €42,635 | -€12,911 | -23.2% |
| Financial debts | 170/4 | €55,546 | €42,635 | -€12,911 | -23.2% |
| Amounts payable within one year | 42/48 | €106,519 | €197,539 | +€91,021 | +85.5% |
| Current portion of amounts payable after more than one year | 42 | €16,208 | €12,911 | -€3,297 | -20.3% |
| Trade debts | 44 | €9,802 | €17,897 | +€8,095 | +82.6% |
| Suppliers | 440/4 | €9,802 | €17,897 | +€8,095 | +82.6% |
| Taxes, remuneration and social security | 45 | €5,552 | €10,549 | +€4,997 | +90.0% |
| Taxes | 450/3 | €3,315 | €8,245 | +€4,929 | +149% |
| Remuneration and social security | 454/9 | €2,237 | €2,304 | +€67 | +3.0% |
| Other amounts payable | 47/48 | €74,956 | €156,182 | +€81,226 | +108% |
| Remuneration, social security and pensions | 62 | €14,225 | €15,432 | +€1,207 | +8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,648 | €32,623 | -€18,025 | -35.6% |
| Other operating charges | 640/8 | €10,072 | €5,826 | -€4,246 | -42.2% |
| Gross operating margin | 9900 | €164,764 | €145,554 | -€19,210 | -11.7% |
| Operating profit (loss) | 9901 | €89,819 | €91,673 | +€1,854 | +2.1% |
| Financial income | 75/76B | €2,610 | €1,230 | -€1,380 | -52.9% |
| Recurring financial income | 75 | €2,610 | €1,230 | -€1,380 | -52.9% |
| Financial charges | 65/66B | €3,704 | €3,628 | -€76 | -2.1% |
| Recurring financial charges | 65 | €3,704 | €3,628 | -€76 | -2.1% |
| Profit (loss) for the period before taxes | 9903 | €88,725 | €89,275 | +€550 | +0.6% |
| Income taxes | 67/77 | €29,908 | €31,730 | +€1,822 | +6.1% |
| Profit (loss) for the period | 9904 | €58,817 | €57,545 | -€1,271 | -2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €58,817 | €57,545 | -€1,271 | -2.2% |
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 6 November 2026 via checked.be.