TOITURE DENEFFE GREGORY: 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.
TOITURE DENEFFE GREGORY
Largest movements
- Tangible fixed assets -€75,624
down €75,624 (-15.4%), from €492,098 to €416,474
of which Furniture and vehicles: -€61,562
- Stocks and contracts +€16,293
up €16,293 (+152%), from €10,729 to €27,022
- Receivables within one year +€15,660
up €15,660 (+58.9%), from €26,592 to €42,252
of which Other amounts receivable: +€27,536
- Debts after one year -€57,470
down €57,470 (-14.8%), from €388,794 to €331,324
- Other debts -€33,761
no longer reported in 2025 (was €33,761)
- Profit (loss) carried forward +€24,897
up €24,897, from -€24,074 to €823
- Trade debts +€20,306
up €20,306 (+68.3%), from €29,732 to €50,038
- Accrued charges and deferred income +€6,839
new in 2025: €6,839
- Staff costs -€49,906
down €49,906 (-22.6%), from €220,968 to €171,062
- Write-downs +€11,314
new in 2025: €11,314
- Gross operating margin +€5,348
up €5,348 (+1.7%), from €312,504 to €317,853
- Financial charges -€4,923
down €4,923 (-17.1%), from €28,769 to €23,846
- Depreciation -€4,682
down €4,682 (-5.8%), from €80,370 to €75,687
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 | €539,814 | €495,440 | -€44,374 | -8.2% |
| Fixed assets | 21/28 | €497,530 | €420,096 | -€77,434 | -15.6% |
| Intangible fixed assets | 21 | €5,297 | €3,487 | -€1,810 | -34.2% |
| Tangible fixed assets | 22/27 | €492,098 | €416,474 | -€75,624 | -15.4% |
| Plant, machinery and equipment | 23 | €64,041 | €54,979 | -€9,063 | -14.2% |
| Furniture and vehicles | 24 | €413,975 | €352,413 | -€61,562 | -14.9% |
| Leasing and similar rights | 25 | €14,082 | €9,082 | -€5,000 | -35.5% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €42,284 | €75,344 | +€33,060 | +78.2% |
| Stocks and contracts in progress | 3 | €10,729 | €27,022 | +€16,293 | +152% |
| Stocks | 30/36 | €10,729 | €27,022 | +€16,293 | +152% |
| Amounts receivable within one year | 40/41 | €26,592 | €42,252 | +€15,660 | +58.9% |
| Trade receivables | 40 | €16,954 | €5,078 | -€11,876 | -70.0% |
| Other amounts receivable | 41 | €9,638 | €37,174 | +€27,536 | +286% |
| Cash at bank and in hand | 54/58 | €2,034 | €1,063 | -€971 | -47.7% |
| Deferred charges and accrued income | 490/1 | €2,929 | €5,007 | +€2,078 | +71.0% |
| Total equity and liabilities | 10/49 | €539,814 | €495,440 | -€44,374 | -8.2% |
| Equity | 10/15 | -€21,074 | €3,823 | +€24,897 | |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€24,074 | €823 | +€24,897 | |
| Amounts payable | 17/49 | €560,888 | €491,616 | -€69,272 | -12.4% |
| Amounts payable after more than one year | 17 | €388,794 | €331,324 | -€57,470 | -14.8% |
| Financial debts | 170/4 | €388,794 | €331,324 | -€57,470 | -14.8% |
| Amounts payable within one year | 42/48 | €172,094 | €153,454 | -€18,640 | -10.8% |
| Current portion of amounts payable after more than one year | 42 | €61,617 | €57,470 | -€4,147 | -6.7% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €29,732 | €50,038 | +€20,306 | +68.3% |
| Suppliers | 440/4 | €29,732 | €50,038 | +€20,306 | +68.3% |
| Taxes, remuneration and social security | 45 | €6,983 | €5,945 | -€1,038 | -14.9% |
| Taxes | 450/3 | €2,315 | €845 | -€1,470 | -63.5% |
| Remuneration and social security | 454/9 | €4,668 | €5,100 | +€432 | +9.3% |
| Other amounts payable | 47/48 | €33,761 | - | -€33,761 | |
| Accrued charges and deferred income | 492/3 | - | €6,839 | +€6,839 | |
| Remuneration, social security and pensions | 62 | €220,968 | €171,062 | -€49,906 | -22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €80,370 | €75,687 | -€4,682 | -5.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €11,314 | +€11,314 | |
| Other operating charges | 640/8 | €5,291 | €5,508 | +€217 | +4.1% |
| Non-recurring operating charges | 66A | - | €4,826 | +€4,826 | |
| Gross operating margin | 9900 | €312,504 | €317,853 | +€5,348 | +1.7% |
| Operating profit (loss) | 9901 | €5,876 | €49,456 | +€43,579 | +742% |
| Financial income | 75/76B | €56 | €8 | -€48 | -85.9% |
| Recurring financial income | 75 | €56 | €8 | -€48 | -85.9% |
| Financial charges | 65/66B | €28,769 | €23,846 | -€4,923 | -17.1% |
| Recurring financial charges | 65 | €28,769 | €23,846 | -€4,923 | -17.1% |
| Profit (loss) for the period before taxes | 9903 | -€22,837 | €25,618 | +€48,454 | |
| Income taxes | 67/77 | €1,237 | €721 | -€517 | -41.8% |
| Profit (loss) for the period | 9904 | -€24,074 | €24,897 | +€48,971 | |
| Profit (loss) for the period to be appropriated | 9905 | -€24,074 | €24,897 | +€48,971 |
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 17 October 2026 via checked.be.