Toison d'Or 44: what changed
Toison d'Or 44
Largest movements
- Cash +€148,242
up €148,242 (+157%), from €94,713 to €242,954
mainly Net result for the year (+€133,504) and Tax, wage and social debts (+€70,708)
- Receivables within one year +€79,656
up €79,656 (+143%), from €55,730 to €135,386
of which Other amounts receivable: +€78,143
- Tangible fixed assets +€58,934
up €58,934 (+220%), from €26,755 to €85,688
of which Other tangible fixed assets: +€29,870
- Financial fixed assets -€21,000
down €21,000 (-88.6%), from €23,700 to €2,700
- Stocks and contracts +€9,136
up €9,136 (+1,688%), from €541 to €9,677
- Profit (loss) carried forward +€133,504
up €133,504 (+107%), from €124,964 to €258,467
- Tax, wage and social debts +€70,708
up €70,708 (+397%), from €17,818 to €88,526
of which Taxes: +€75,239
- Accrued charges and deferred income +€54,000
new in 2023: €54,000
- Trade debts +€17,109
up €17,109 (+43.1%), from €39,703 to €56,812
- Gross operating margin +€86,912
up €86,912 (+58.8%), from €147,863 to €234,774
- Taxes +€42,643
up €42,643 (+1,774%), from €2,404 to €45,047
- Financial charges +€20,402
up €20,402 (+294%), from €6,940 to €27,343
of which Non-recurring financial charges: +€21,000
- Depreciation +€10,808
up €10,808 (+227%), from €4,769 to €15,577
- Staff costs -€7,093
down €7,093 (-34.3%), from €20,673 to €13,580
Change in the result, 2022 to 2023
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 2022 and 2023 balance sheets and the 2023 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 | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €201,439 | €476,405 | +€274,967 | +137% |
| Fixed assets | 21/28 | €50,455 | €88,388 | +€37,934 | +75.2% |
| Tangible fixed assets | 22/27 | €26,755 | €85,688 | +€58,934 | +220% |
| Plant, machinery and equipment | 23 | €17,738 | €39,502 | +€21,765 | +123% |
| Furniture and vehicles | 24 | €9,017 | €16,316 | +€7,299 | +80.9% |
| Other tangible fixed assets | 26 | - | €29,870 | +€29,870 | |
| Financial fixed assets | 28 | €23,700 | €2,700 | -€21,000 | -88.6% |
| Current assets | 29/58 | €150,984 | €388,017 | +€237,033 | +157% |
| Stocks and contracts in progress | 3 | €541 | €9,677 | +€9,136 | +1,688% |
| Stocks | 30/36 | €541 | €9,677 | +€9,136 | +1,688% |
| Amounts receivable within one year | 40/41 | €55,730 | €135,386 | +€79,656 | +143% |
| Trade receivables | 40 | - | €1,513 | +€1,513 | |
| Other amounts receivable | 41 | €55,730 | €133,873 | +€78,143 | +140% |
| Cash at bank and in hand | 54/58 | €94,713 | €242,954 | +€148,242 | +157% |
| Total equity and liabilities | 10/49 | €201,439 | €476,405 | +€274,967 | +137% |
| Equity | 10/15 | €143,564 | €277,067 | +€133,504 | +93.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | - | -€18,600 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Profit (loss) carried forward | 14 | €124,964 | €258,467 | +€133,504 | +107% |
| Amounts payable | 17/49 | €57,875 | €199,338 | +€141,463 | +244% |
| Amounts payable within one year | 42/48 | €57,875 | €145,338 | +€87,463 | +151% |
| Trade debts | 44 | €39,703 | €56,812 | +€17,109 | +43.1% |
| Suppliers | 440/4 | €39,703 | €56,812 | +€17,109 | +43.1% |
| Taxes, remuneration and social security | 45 | €17,818 | €88,526 | +€70,708 | +397% |
| Taxes | 450/3 | €2,092 | €77,331 | +€75,239 | +3,597% |
| Remuneration and social security | 454/9 | €15,726 | €11,196 | -€4,531 | -28.8% |
| Other amounts payable | 47/48 | €354 | - | -€354 | |
| Accrued charges and deferred income | 492/3 | - | €54,000 | +€54,000 | |
| Remuneration, social security and pensions | 62 | €20,673 | €13,580 | -€7,093 | -34.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,769 | €15,577 | +€10,808 | +227% |
| Other operating charges | 640/8 | €805 | €244 | -€561 | -69.7% |
| Gross operating margin | 9900 | €147,863 | €234,774 | +€86,912 | +58.8% |
| Operating profit (loss) | 9901 | €121,615 | €205,374 | +€83,758 | +68.9% |
| Financial income | 75/76B | €771 | €520 | -€251 | -32.6% |
| Recurring financial income | 75 | €771 | €520 | -€251 | -32.6% |
| Financial charges | 65/66B | €6,940 | €27,343 | +€20,402 | +294% |
| Recurring financial charges | 65 | €6,940 | €6,343 | -€598 | -8.6% |
| Non-recurring financial charges | 66B | - | €21,000 | +€21,000 | |
| Profit (loss) for the period before taxes | 9903 | €115,446 | €178,551 | +€63,105 | +54.7% |
| Income taxes | 67/77 | €2,404 | €45,047 | +€42,643 | +1,774% |
| Profit (loss) for the period | 9904 | €113,042 | €133,504 | +€20,462 | +18.1% |
| Profit (loss) for the period to be appropriated | 9905 | €113,042 | €133,504 | +€20,462 | +18.1% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.