TH 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.
TH TOITURES
Largest movements
- Cash -€34,251
down €34,251 (-78.8%), from €43,465 to €9,214
mainly Receivables within one year (-€33,814) and Tax, wage and social debts (-€8,800)
- Receivables within one year +€33,814
up €33,814 (+219.8%), from €15,383 to €49,197
of which Trade receivables: +€25,260
- Tangible fixed assets -€4,116
down €4,116 (-33.6%), from €12,258 to €8,142
of which Furniture and vehicles: -€3,774
- Trade debts +€13,681
up €13,681 (+41.4%), from €33,007 to €46,688
- Tax, wage and social debts -€8,800
down €8,800 (-61.1%), from €14,399 to €5,599
of which Taxes: -€4,738
- Debts after one year -€3,770
down €3,770 (-48.6%), from €7,753 to €3,983
- Accrued charges and deferred income -€2,784
down €2,784 (-100.0%), from €2,784 to €0
- Profit (loss) carried forward -€2,413
down €2,413, from €54 to -€2,359
- Gross operating margin +€7,982
up €7,982 (+182.8%), from €4,365 to €12,347
- Other operating charges +€2,967
up €2,967 (+194.4%), from €1,526 to €4,493
- Depreciation +€1,959
up €1,959 (+90.9%), from €2,156 to €4,116
- Taxes +€1,125
up €1,125 (+50.3%), from €2,237 to €3,362
- Financial charges +€623
up €623 (+24.6%), from €2,529 to €3,152
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.
Cash bridge derived
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 | €73,106 | €68,553 | -€4,553 | -6.2% |
| Fixed assets | 21/28 | €12,258 | €8,142 | -€4,116 | -33.6% |
| Tangible fixed assets | 22/27 | €12,258 | €8,142 | -€4,116 | -33.6% |
| Plant, machinery and equipment | 23 | €1,313 | €971 | -€342 | -26.1% |
| Furniture and vehicles | 24 | €10,945 | €7,172 | -€3,774 | -34.5% |
| Current assets | 29/58 | €60,848 | €60,411 | -€437 | -0.7% |
| Stocks and contracts in progress | 3 | €2,000 | €2,000 | = | 0.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €15,383 | €49,197 | +€33,814 | +219.8% |
| Trade receivables | 40 | €9,258 | €34,518 | +€25,260 | +272.9% |
| Other amounts receivable | 41 | €6,125 | €14,679 | +€8,554 | +139.6% |
| Cash at bank and in hand | 54/58 | €43,465 | €9,214 | -€34,251 | -78.8% |
| Total equity and liabilities | 10/49 | €73,106 | €68,553 | -€4,553 | -6.2% |
| Equity | 10/15 | €10,054 | €7,641 | -€2,413 | -24.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €54 | -€2,359 | -€2,413 | |
| Amounts payable | 17/49 | €63,052 | €60,913 | -€2,140 | -3.4% |
| Amounts payable after more than one year | 17 | €7,753 | €3,983 | -€3,770 | -48.6% |
| Financial debts | 170/4 | €7,753 | €3,983 | -€3,770 | -48.6% |
| Amounts payable within one year | 42/48 | €52,516 | €56,930 | +€4,415 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €3,569 | €3,770 | +€201 | +5.6% |
| Trade debts | 44 | €33,007 | €46,688 | +€13,681 | +41.4% |
| Suppliers | 440/4 | €33,007 | €46,688 | +€13,681 | +41.4% |
| Taxes, remuneration and social security | 45 | €14,399 | €5,599 | -€8,800 | -61.1% |
| Taxes | 450/3 | €10,337 | €5,599 | -€4,738 | -45.8% |
| Remuneration and social security | 454/9 | €4,062 | €0 | -€4,062 | -100.0% |
| Other amounts payable | 47/48 | €1,540 | €872 | -€668 | -43.3% |
| Accrued charges and deferred income | 492/3 | €2,784 | €0 | -€2,784 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,156 | €4,116 | +€1,959 | +90.9% |
| Other operating charges | 640/8 | €1,526 | €4,493 | +€2,967 | +194.4% |
| Gross operating margin | 9900 | €4,365 | €12,347 | +€7,982 | +182.8% |
| Operating profit (loss) | 9901 | €683 | €3,739 | +€3,056 | +447.3% |
| Financial income | 75/76B | €72 | €362 | +€289 | +401.0% |
| Recurring financial income | 75 | €72 | €362 | +€289 | +401.0% |
| Financial charges | 65/66B | €2,529 | €3,152 | +€623 | +24.6% |
| Recurring financial charges | 65 | €2,529 | €3,152 | +€623 | +24.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,774 | €949 | +€2,723 | |
| Income taxes | 67/77 | €2,237 | €3,362 | +€1,125 | +50.3% |
| Profit (loss) for the period | 9904 | -€4,010 | -€2,413 | +€1,597 | +39.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,010 | -€2,413 | +€1,597 | +39.8% |
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 12 October 2026 via checked.be.