S.T. TOIT: 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.
S.T. TOIT
Largest movements
- Tangible fixed assets +€101,533
up €101,533 (+232%), from €43,713 to €145,246
of which Land and buildings: +€103,173
- Receivables within one year -€18,452
down €18,452 (-59.4%), from €31,059 to €12,607
of which Trade receivables: -€11,804
- Cash -€3,348
down €3,348 (-16.8%), from €19,918 to €16,569
mainly Investment in fixed assets (net) (-€122,312) and Net result for the year (-€8,266)
- Debts after one year +€77,492
up €77,492 (+254%), from €30,506 to €107,998
- Reserves -€8,266
down €8,266 (-31.3%), from €26,373 to €18,107
- Tax, wage and social debts +€7,812
up €7,812 (+203%), from €3,846 to €11,658
of which Remuneration and social security: +€6,313
- Current portion of long-term debt +€3,841
up €3,841 (+40.6%), from €9,456 to €13,297
- Other debts -€3,152
no longer reported in 2025 (was €3,152)
- Staff costs +€16,158
up €16,158, from €0 to €16,158
- Gross operating margin +€15,830
up €15,830 (+73.3%), from €21,595 to €37,425
- Depreciation +€15,287
up €15,287 (+278%), from €5,492 to €20,779
- Taxes -€2,592
down €2,592 (-83.5%), from €3,104 to €512
- Financial charges +€676
up €676 (+11.7%), from €5,764 to €6,440
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 | €96,494 | €175,506 | +€79,011 | +81.9% |
| Fixed assets | 21/28 | €43,713 | €145,246 | +€101,533 | +232% |
| Tangible fixed assets | 22/27 | €43,713 | €145,246 | +€101,533 | +232% |
| Land and buildings | 22 | - | €103,173 | +€103,173 | |
| Plant, machinery and equipment | 23 | €2,625 | €4,462 | +€1,837 | +70.0% |
| Furniture and vehicles | 24 | €39,516 | €37,611 | -€1,904 | -4.8% |
| Other tangible fixed assets | 26 | €1,572 | - | -€1,572 | |
| Current assets | 29/58 | €52,782 | €30,260 | -€22,522 | -42.7% |
| Amounts receivable within one year | 40/41 | €31,059 | €12,607 | -€18,452 | -59.4% |
| Trade receivables | 40 | €19,062 | €7,258 | -€11,804 | -61.9% |
| Other amounts receivable | 41 | €11,997 | €5,349 | -€6,648 | -55.4% |
| Cash at bank and in hand | 54/58 | €19,918 | €16,569 | -€3,348 | -16.8% |
| Deferred charges and accrued income | 490/1 | €1,805 | €1,084 | -€721 | -40.0% |
| Total equity and liabilities | 10/49 | €96,494 | €175,506 | +€79,011 | +81.9% |
| Equity | 10/15 | €31,373 | €23,107 | -€8,266 | -26.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €26,373 | €18,107 | -€8,266 | -31.3% |
| Distributable reserves | 133 | €26,373 | €18,107 | -€8,266 | -31.3% |
| Amounts payable | 17/49 | €65,121 | €152,399 | +€87,277 | +134% |
| Amounts payable after more than one year | 17 | €30,506 | €107,998 | +€77,492 | +254% |
| Financial debts | 170/4 | €30,506 | €107,998 | +€77,492 | +254% |
| Amounts payable within one year | 42/48 | €34,616 | €44,376 | +€9,760 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €9,456 | €13,297 | +€3,841 | +40.6% |
| Trade debts | 44 | €18,162 | €19,421 | +€1,258 | +6.9% |
| Suppliers | 440/4 | €18,162 | €19,421 | +€1,258 | +6.9% |
| Taxes, remuneration and social security | 45 | €3,846 | €11,658 | +€7,812 | +203% |
| Taxes | 450/3 | €3,846 | €5,345 | +€1,499 | +39.0% |
| Remuneration and social security | 454/9 | - | €6,313 | +€6,313 | |
| Other amounts payable | 47/48 | €3,152 | - | -€3,152 | |
| Accrued charges and deferred income | 492/3 | - | €25 | +€25 | |
| Remuneration, social security and pensions | 62 | €0 | €16,158 | +€16,158 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,492 | €20,779 | +€15,287 | +278% |
| Other operating charges | 640/8 | €1,239 | €1,803 | +€564 | +45.5% |
| Gross operating margin | 9900 | €21,595 | €37,425 | +€15,830 | +73.3% |
| Operating profit (loss) | 9901 | €14,864 | -€1,315 | -€16,179 | |
| Financial income | 75/76B | €60 | €2 | -€58 | -96.8% |
| Recurring financial income | 75 | €60 | €2 | -€58 | -96.8% |
| Financial charges | 65/66B | €5,764 | €6,440 | +€676 | +11.7% |
| Recurring financial charges | 65 | €5,764 | €6,440 | +€676 | +11.7% |
| Profit (loss) for the period before taxes | 9903 | €9,159 | -€7,754 | -€16,913 | |
| Income taxes | 67/77 | €3,104 | €512 | -€2,592 | -83.5% |
| Profit (loss) for the period | 9904 | €6,055 | -€8,266 | -€14,321 | |
| Profit (loss) for the period to be appropriated | 9905 | €6,055 | -€8,266 | -€14,321 |
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 23 October 2026 via checked.be.