QS 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.
QS Toitures
Largest movements
- Receivables within one year +€107,561
up €107,561 (+108%), from €99,198 to €206,759
of which Trade receivables: +€86,409
- Tangible fixed assets +€45,360
up €45,360 (+107%), from €42,286 to €87,646
of which Furniture and vehicles: +€30,584
- Cash +€28,172
up €28,172 (+487%), from €5,784 to €33,956
mainly Trade debts (+€174,368) and Tax, wage and social debts (+€20,573)
- Trade debts +€174,368
up €174,368 (+15,666%), from €1,113 to €175,481
- Tax, wage and social debts +€20,573
new in 2025: €20,573
- Current portion of long-term debt -€9,199
down €9,199 (-45.9%), from €20,035 to €10,836
- Debts after one year -€6,297
no longer reported in 2025 (was €6,297)
- Staff costs +€39,224
up €39,224 (+368%), from €10,664 to €49,888
- Depreciation -€20,511
down €20,511 (-62.5%), from €32,793 to €12,282
- Gross operating margin -€8,486
down €8,486 (-10.2%), from €83,136 to €74,650
- Financial charges +€8,108
up €8,108 (+346%), from €2,345 to €10,453
- Other operating charges -€1,404
down €1,404 (-63.5%), from €2,211 to €807
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 | €147,268 | €328,361 | +€181,093 | +123% |
| Fixed assets | 21/28 | €42,286 | €87,646 | +€45,360 | +107% |
| Tangible fixed assets | 22/27 | €42,286 | €87,646 | +€45,360 | +107% |
| Plant, machinery and equipment | 23 | €37,590 | €52,366 | +€14,776 | +39.3% |
| Furniture and vehicles | 24 | €4,696 | €35,280 | +€30,584 | +651% |
| Current assets | 29/58 | €104,982 | €240,715 | +€135,733 | +129% |
| Amounts receivable within one year | 40/41 | €99,198 | €206,759 | +€107,561 | +108% |
| Trade receivables | 40 | €93,982 | €180,391 | +€86,409 | +91.9% |
| Other amounts receivable | 41 | €5,216 | €26,368 | +€21,152 | +406% |
| Cash at bank and in hand | 54/58 | €5,784 | €33,956 | +€28,172 | +487% |
| Total equity and liabilities | 10/49 | €147,268 | €328,361 | +€181,093 | +123% |
| Equity | 10/15 | €119,823 | €119,936 | +€113 | +0.1% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Contributions outside capital | 11 | €15,000 | €15,000 | = | 0.0% |
| Other | 1109/19 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €1,500 | €1,500 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,500 | €1,500 | = | 0.0% |
| Legal reserve | 130 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €103,323 | €103,436 | +€113 | +0.1% |
| Amounts payable | 17/49 | €27,445 | €208,425 | +€180,980 | +659% |
| Amounts payable after more than one year | 17 | €6,297 | - | -€6,297 | |
| Financial debts | 170/4 | €6,297 | - | -€6,297 | |
| Amounts payable within one year | 42/48 | €21,148 | €208,425 | +€187,277 | +886% |
| Current portion of amounts payable after more than one year | 42 | €20,035 | €10,836 | -€9,199 | -45.9% |
| Financial debts | 43 | - | €1,535 | +€1,535 | |
| Other loans | 439 | - | €1,535 | +€1,535 | |
| Trade debts | 44 | €1,113 | €175,481 | +€174,368 | +15,666% |
| Suppliers | 440/4 | €1,113 | €175,481 | +€174,368 | +15,666% |
| Taxes, remuneration and social security | 45 | - | €20,573 | +€20,573 | |
| Remuneration and social security | 454/9 | - | €20,573 | +€20,573 | |
| Remuneration, social security and pensions | 62 | €10,664 | €49,888 | +€39,224 | +368% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,793 | €12,282 | -€20,511 | -62.5% |
| Other operating charges | 640/8 | €2,211 | €807 | -€1,404 | -63.5% |
| Gross operating margin | 9900 | €83,136 | €74,650 | -€8,486 | -10.2% |
| Operating profit (loss) | 9901 | €37,468 | €11,673 | -€25,795 | -68.8% |
| Financial charges | 65/66B | €2,345 | €10,453 | +€8,108 | +346% |
| Recurring financial charges | 65 | €2,345 | €10,453 | +€8,108 | +346% |
| Profit (loss) for the period before taxes | 9903 | €35,123 | €1,220 | -€33,903 | -96.5% |
| Income taxes | 67/77 | €930 | €1,107 | +€177 | +19.0% |
| Profit (loss) for the period | 9904 | €34,193 | €113 | -€34,080 | -99.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,193 | €113 | -€34,080 | -99.7% |
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 20 October 2026 via checked.be.