TOITURE PASCAL COLLARD: 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 PASCAL COLLARD
Largest movements
- Tangible fixed assets -€37,443
down €37,443 (-8.5%), from €440,294 to €402,851
of which Land and buildings: -€29,636
- Cash -€32,850
down €32,850 (-61.5%), from €53,445 to €20,595
mainly Debts after one year (-€48,783) and Tax, wage and social debts (-€36,458)
- Stocks and contracts +€29,898
up €29,898 (+24.3%), from €123,044 to €152,942
- Receivables within one year +€9,491
up €9,491 (+30.8%), from €30,814 to €40,305
of which Other amounts receivable: +€12,305
- Short-term financial debts +€55,765
new in 2025: €55,765
- Debts after one year -€48,783
down €48,783 (-24.2%), from €201,166 to €152,383
- Tax, wage and social debts -€36,458
down €36,458 (-73.8%), from €49,423 to €12,965
of which Taxes: -€44,088
- Trade debts +€26,898
up €26,898 (+774%), from €3,475 to €30,373
- Advances received -€16,827
down €16,827 (-100%), from €16,827 to €0
- Gross operating margin -€99,975
down €99,975 (-28.1%), from €356,149 to €256,174
- Staff costs -€46,065
down €46,065 (-18.2%), from €252,641 to €206,576
- Taxes -€14,657
down €14,657, from €13,244 to -€1,413
- Financial charges -€3,702
down €3,702 (-32.6%), from €11,350 to €7,648
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 | €669,765 | €632,560 | -€37,206 | -5.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €442,493 | €402,851 | -€39,642 | -9.0% |
| Intangible fixed assets | 21 | €2,199 | €0 | -€2,199 | -100% |
| Tangible fixed assets | 22/27 | €440,294 | €402,851 | -€37,443 | -8.5% |
| Land and buildings | 22 | €412,819 | €383,183 | -€29,636 | -7.2% |
| Plant, machinery and equipment | 23 | €11,608 | €7,012 | -€4,597 | -39.6% |
| Furniture and vehicles | 24 | €15,866 | €12,656 | -€3,210 | -20.2% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €227,273 | €229,709 | +€2,436 | +1.1% |
| Stocks and contracts in progress | 3 | €123,044 | €152,942 | +€29,898 | +24.3% |
| Stocks | 30/36 | €123,044 | €152,942 | +€29,898 | +24.3% |
| Amounts receivable within one year | 40/41 | €30,814 | €40,305 | +€9,491 | +30.8% |
| Trade receivables | 40 | €23,780 | €20,966 | -€2,814 | -11.8% |
| Other amounts receivable | 41 | €7,034 | €19,339 | +€12,305 | +175% |
| Cash at bank and in hand | 54/58 | €53,445 | €20,595 | -€32,850 | -61.5% |
| Deferred charges and accrued income | 490/1 | €19,969 | €15,867 | -€4,103 | -20.5% |
| Total equity and liabilities | 10/49 | €669,765 | €632,560 | -€37,206 | -5.6% |
| Equity | 10/15 | €338,623 | €323,325 | -€15,297 | -4.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €305,131 | €305,131 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €303,271 | €303,271 | = | 0.0% |
| Profit (loss) carried forward | 14 | €14,892 | -€406 | -€15,297 | |
| Amounts payable | 17/49 | €331,142 | €309,234 | -€21,908 | -6.6% |
| Amounts payable after more than one year | 17 | €201,166 | €152,383 | -€48,783 | -24.2% |
| Financial debts | 170/4 | €201,166 | €152,383 | -€48,783 | -24.2% |
| Amounts payable within one year | 42/48 | €129,977 | €156,851 | +€26,875 | +20.7% |
| Current portion of amounts payable after more than one year | 42 | €57,843 | €57,748 | -€95 | -0.2% |
| Financial debts | 43 | - | €55,765 | +€55,765 | |
| Credit institutions | 430/8 | - | €55,765 | +€55,765 | |
| Trade debts | 44 | €3,475 | €30,373 | +€26,898 | +774% |
| Suppliers | 440/4 | €3,475 | €30,373 | +€26,898 | +774% |
| Advances received on contracts in progress | 46 | €16,827 | €0 | -€16,827 | -100% |
| Taxes, remuneration and social security | 45 | €49,423 | €12,965 | -€36,458 | -73.8% |
| Taxes | 450/3 | €49,387 | €5,298 | -€44,088 | -89.3% |
| Remuneration and social security | 454/9 | €36 | €7,667 | +€7,631 | +21,197% |
| Other amounts payable | 47/48 | €2,409 | €0 | -€2,409 | -100% |
| Remuneration, social security and pensions | 62 | €252,641 | €206,576 | -€46,065 | -18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,494 | €47,741 | -€1,753 | -3.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€977 | €0 | +€977 | |
| Other operating charges | 640/8 | €8,725 | €11,386 | +€2,661 | +30.5% |
| Gross operating margin | 9900 | €356,149 | €256,174 | -€99,975 | -28.1% |
| Operating profit (loss) | 9901 | €46,265 | -€9,529 | -€55,794 | |
| Financial income | 75/76B | €252 | €467 | +€215 | +85.5% |
| Recurring financial income | 75 | €252 | €467 | +€215 | +85.5% |
| Financial charges | 65/66B | €11,350 | €7,648 | -€3,702 | -32.6% |
| Recurring financial charges | 65 | €11,350 | €7,648 | -€3,702 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €35,167 | -€16,710 | -€51,877 | |
| Income taxes | 67/77 | €13,244 | -€1,413 | -€14,657 | |
| Profit (loss) for the period | 9904 | €21,923 | -€15,297 | -€37,220 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,923 | -€15,297 | -€37,220 |
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 26 October 2026 via checked.be.