TOITURES BIETHERES: what changed
TOITURES BIETHERES
Largest movements
- Cash +€99,061
up €99,061 (+28.9%), from €342,360 to €441,421
mainly Other debts (+€108,342) and Net result for the year (+€99,666)
- Stocks and contracts -€48,630
down €48,630 (-85.8%), from €56,670 to €8,040
- Receivables within one year +€14,003
up €14,003 (+144%), from €9,723 to €23,726
of which Other amounts receivable: +€9,037
- Tangible fixed assets +€10,366
up €10,366 (+5.2%), from €198,494 to €208,860
of which Plant, machinery and equipment: +€42,827
- Other debts +€108,342
up €108,342 (+151%), from €71,948 to €180,290
- Short-term financial debts +€73,398
up €73,398 (+152,404%), from €48 to €73,446
of which Other loans: +€70,000
- Reserves -€71,037
down €71,037 (-13.2%), from €538,198 to €467,161
- Trade debts -€17,848
down €17,848 (-66.0%), from €27,032 to €9,183
- Debts after one year -€9,363
down €9,363 (-100%), from €9,363 to €0
- Gross operating margin +€26,898
up €26,898 (+11.0%), from €244,793 to €271,692
- Staff costs +€25,181
up €25,181 (+47.8%), from €52,667 to €77,848
- Depreciation +€5,487
up €5,487 (+12.0%), from €45,624 to €51,111
- Financial charges +€3,411
up €3,411 (+325%), from €1,050 to €4,461
Change in the result, 2024 to 2025
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 2024 and 2025 balance sheets and the 2025 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 | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €715,939 | €793,031 | +€77,092 | +10.8% |
| Fixed assets | 21/28 | €198,609 | €208,975 | +€10,366 | +5.2% |
| Tangible fixed assets | 22/27 | €198,494 | €208,860 | +€10,366 | +5.2% |
| Land and buildings | 22 | €61,899 | €54,939 | -€6,961 | -11.2% |
| Plant, machinery and equipment | 23 | €49,466 | €92,293 | +€42,827 | +86.6% |
| Furniture and vehicles | 24 | €72,754 | €47,180 | -€25,574 | -35.2% |
| Other tangible fixed assets | 26 | €14,376 | €14,449 | +€74 | +0.5% |
| Financial fixed assets | 28 | €115 | €115 | = | 0.0% |
| Current assets | 29/58 | €517,329 | €584,055 | +€66,726 | +12.9% |
| Stocks and contracts in progress | 3 | €56,670 | €8,040 | -€48,630 | -85.8% |
| Stocks | 30/36 | €56,670 | €8,040 | -€48,630 | -85.8% |
| Amounts receivable within one year | 40/41 | €9,723 | €23,726 | +€14,003 | +144% |
| Trade receivables | 40 | €82 | €5,048 | +€4,966 | +6,052% |
| Other amounts receivable | 41 | €9,641 | €18,678 | +€9,037 | +93.7% |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €342,360 | €441,421 | +€99,061 | +28.9% |
| Deferred charges and accrued income | 490/1 | €8,577 | €10,868 | +€2,292 | +26.7% |
| Total equity and liabilities | 10/49 | €715,939 | €793,031 | +€77,092 | +10.8% |
| Equity | 10/15 | €566,566 | €494,513 | -€72,053 | -12.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €538,198 | €467,161 | -€71,037 | -13.2% |
| Distributable reserves | 133 | €538,198 | €467,161 | -€71,037 | -13.2% |
| Investment grants | 15 | €7,908 | €6,892 | -€1,016 | -12.9% |
| Amounts payable | 17/49 | €149,372 | €298,518 | +€149,146 | +99.8% |
| Amounts payable after more than one year | 17 | €9,363 | €0 | -€9,363 | -100% |
| Financial debts | 170/4 | €9,363 | €0 | -€9,363 | -100% |
| Amounts payable within one year | 42/48 | €139,635 | €297,362 | +€157,727 | +113% |
| Current portion of amounts payable after more than one year | 42 | €9,916 | €10,134 | +€218 | +2.2% |
| Financial debts | 43 | €48 | €73,446 | +€73,398 | +152,404% |
| Credit institutions | 430/8 | €48 | €3,446 | +€3,398 | +7,055% |
| Other loans | 439 | - | €70,000 | +€70,000 | |
| Trade debts | 44 | €27,032 | €9,183 | -€17,848 | -66.0% |
| Suppliers | 440/4 | €27,032 | €9,183 | -€17,848 | -66.0% |
| Taxes, remuneration and social security | 45 | €30,691 | €24,308 | -€6,383 | -20.8% |
| Taxes | 450/3 | €23,108 | €18,610 | -€4,498 | -19.5% |
| Remuneration and social security | 454/9 | €7,583 | €5,698 | -€1,886 | -24.9% |
| Other amounts payable | 47/48 | €71,948 | €180,290 | +€108,342 | +151% |
| Accrued charges and deferred income | 492/3 | €374 | €1,156 | +€782 | +209% |
| Remuneration, social security and pensions | 62 | €52,667 | €77,848 | +€25,181 | +47.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,624 | €51,111 | +€5,487 | +12.0% |
| Other operating charges | 640/8 | €6,751 | €7,007 | +€256 | +3.8% |
| Gross operating margin | 9900 | €244,793 | €271,692 | +€26,898 | +11.0% |
| Operating profit (loss) | 9901 | €139,751 | €135,726 | -€4,026 | -2.9% |
| Financial income | 75/76B | €9,567 | €8,707 | -€860 | -9.0% |
| Recurring financial income | 75 | €9,567 | €8,707 | -€860 | -9.0% |
| Financial charges | 65/66B | €1,050 | €4,461 | +€3,411 | +325% |
| Recurring financial charges | 65 | €1,050 | €4,461 | +€3,411 | +325% |
| Profit (loss) for the period before taxes | 9903 | €148,268 | €139,972 | -€8,296 | -5.6% |
| Income taxes | 67/77 | €40,698 | €40,306 | -€392 | -1.0% |
| Profit (loss) for the period | 9904 | €107,570 | €99,666 | -€7,904 | -7.3% |
| Profit (loss) for the period to be appropriated | 9905 | €107,570 | €99,666 | -€7,904 | -7.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.