TOITURE VALENTIN: 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 VALENTIN
Largest movements
- Tangible fixed assets +€106,966
up €106,966 (+141%), from €75,626 to €182,592
of which Plant, machinery and equipment: +€93,161
- Cash +€55,018
up €55,018 (+38.9%), from €141,336 to €196,354
mainly Net result for the year (+€105,160) and Debts after one year (+€94,008)
- Receivables within one year +€6,501
up €6,501 (+25.6%), from €25,427 to €31,928
of which Other amounts receivable: +€4,714
- Debts after one year +€94,008
up €94,008 (+305%), from €30,865 to €124,873
- Other debts +€32,820
up €32,820 (+50.7%), from €64,766 to €97,586
- Current portion of long-term debt +€26,559
up €26,559 (+183%), from €14,534 to €41,093
- Tax, wage and social debts +€12,557
up €12,557 (+36.7%), from €34,209 to €46,766
of which Taxes: +€14,123
- Trade debts +€4,298
up €4,298 (+15.3%), from €28,149 to €32,446
- Gross operating margin +€83,075
up €83,075 (+32.4%), from €256,659 to €339,733
- Depreciation +€18,733
up €18,733 (+77.1%), from €24,303 to €43,036
- Staff costs +€16,772
up €16,772 (+11.8%), from €142,274 to €159,046
- Taxes +€8,400
up €8,400 (+45.7%), from €18,379 to €26,779
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 | €248,154 | €418,396 | +€170,242 | +68.6% |
| Formation expenses | 20 | €344 | €86 | -€258 | -75.0% |
| Fixed assets | 21/28 | €76,742 | €184,797 | +€108,055 | +141% |
| Tangible fixed assets | 22/27 | €75,626 | €182,592 | +€106,966 | +141% |
| Plant, machinery and equipment | 23 | €27,268 | €120,429 | +€93,161 | +342% |
| Furniture and vehicles | 24 | €48,358 | €62,163 | +€13,805 | +28.5% |
| Financial fixed assets | 28 | €1,116 | €2,205 | +€1,089 | +97.6% |
| Current assets | 29/58 | €171,069 | €233,513 | +€62,444 | +36.5% |
| Amounts receivable within one year | 40/41 | €25,427 | €31,928 | +€6,501 | +25.6% |
| Trade receivables | 40 | €22,412 | €24,198 | +€1,787 | +8.0% |
| Other amounts receivable | 41 | €3,016 | €7,730 | +€4,714 | +156% |
| Cash at bank and in hand | 54/58 | €141,336 | €196,354 | +€55,018 | +38.9% |
| Deferred charges and accrued income | 490/1 | €4,305 | €5,231 | +€925 | +21.5% |
| Total equity and liabilities | 10/49 | €248,154 | €418,396 | +€170,242 | +68.6% |
| Equity | 10/15 | €75,632 | €75,632 | = | 0.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €69,632 | €69,632 | = | 0.0% |
| Distributable reserves | 133 | €69,632 | €69,632 | = | 0.0% |
| Amounts payable | 17/49 | €172,523 | €342,765 | +€170,242 | +98.7% |
| Amounts payable after more than one year | 17 | €30,865 | €124,873 | +€94,008 | +305% |
| Financial debts | 170/4 | €30,865 | €124,873 | +€94,008 | +305% |
| Amounts payable within one year | 42/48 | €141,658 | €217,891 | +€76,234 | +53.8% |
| Current portion of amounts payable after more than one year | 42 | €14,534 | €41,093 | +€26,559 | +183% |
| Trade debts | 44 | €28,149 | €32,446 | +€4,298 | +15.3% |
| Suppliers | 440/4 | €28,149 | €32,446 | +€4,298 | +15.3% |
| Taxes, remuneration and social security | 45 | €34,209 | €46,766 | +€12,557 | +36.7% |
| Taxes | 450/3 | €28,396 | €42,519 | +€14,123 | +49.7% |
| Remuneration and social security | 454/9 | €5,813 | €4,247 | -€1,566 | -26.9% |
| Other amounts payable | 47/48 | €64,766 | €97,586 | +€32,820 | +50.7% |
| Non-recurring operating income | 76A | - | €4,910 | +€4,910 | |
| Remuneration, social security and pensions | 62 | €142,274 | €159,046 | +€16,772 | +11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,303 | €43,036 | +€18,733 | +77.1% |
| Other operating charges | 640/8 | €1,144 | €1,298 | +€154 | +13.4% |
| Non-recurring operating charges | 66A | €2,025 | €17 | -€2,007 | -99.1% |
| Gross operating margin | 9900 | €256,659 | €339,733 | +€83,075 | +32.4% |
| Operating profit (loss) | 9901 | €86,912 | €136,335 | +€49,423 | +56.9% |
| Financial charges | 65/66B | €1,862 | €4,395 | +€2,533 | +136% |
| Recurring financial charges | 65 | €1,862 | €4,395 | +€2,533 | +136% |
| Profit (loss) for the period before taxes | 9903 | €85,050 | €131,939 | +€46,890 | +55.1% |
| Income taxes | 67/77 | €18,379 | €26,779 | +€8,400 | +45.7% |
| Profit (loss) for the period | 9904 | €66,671 | €105,160 | +€38,489 | +57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,671 | €105,160 | +€38,489 | +57.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.