TOITURES ET COUVERTURES: 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.
TOITURES ET COUVERTURES
Largest movements
- Cash +€33,205
up €33,205 (+43.0%), from €77,276 to €110,481
mainly Depreciation (+€31,407) and Receivables within one year (+€17,494)
- Tangible fixed assets -€29,764
down €29,764 (-31.4%), from €94,940 to €65,176
of which Furniture and vehicles: -€27,185
- Receivables within one year -€17,494
down €17,494 (-9.3%), from €187,538 to €170,044
of which Trade receivables: -€34,480
- Stocks and contracts -€17,014
down €17,014 (-42.9%), from €39,643 to €22,629
- Debts after one year -€19,944
down €19,944 (-56.0%), from €35,609 to €15,666
- Accrued charges and deferred income +€15,000
new in 2025: €15,000
- Current portion of long-term debt -€8,421
down €8,421 (-23.2%), from €36,258 to €27,836
- Trade debts -€6,985
no longer reported in 2025 (was €6,985)
- Other debts -€6,250
no longer reported in 2025 (was €6,250)
- Gross operating margin -€215,714
down €215,714 (-50.1%), from €430,949 to €215,235
- Staff costs -€126,000
down €126,000 (-41.9%), from €300,589 to €174,589
- Taxes -€18,139
down €18,139 (-91.1%), from €19,908 to €1,769
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 | €400,620 | €370,769 | -€29,851 | -7.5% |
| Fixed assets | 21/28 | €95,351 | €65,587 | -€29,764 | -31.2% |
| Tangible fixed assets | 22/27 | €94,940 | €65,176 | -€29,764 | -31.4% |
| Plant, machinery and equipment | 23 | €12,029 | €9,450 | -€2,579 | -21.4% |
| Furniture and vehicles | 24 | €82,911 | €55,727 | -€27,185 | -32.8% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €411 | €411 | = | 0.0% |
| Current assets | 29/58 | €305,270 | €305,183 | -€87 | 0.0% |
| Stocks and contracts in progress | 3 | €39,643 | €22,629 | -€17,014 | -42.9% |
| Stocks | 30/36 | €39,643 | €22,629 | -€17,014 | -42.9% |
| Amounts receivable within one year | 40/41 | €187,538 | €170,044 | -€17,494 | -9.3% |
| Trade receivables | 40 | €165,457 | €130,977 | -€34,480 | -20.8% |
| Other amounts receivable | 41 | €22,081 | €39,067 | +€16,986 | +76.9% |
| Cash at bank and in hand | 54/58 | €77,276 | €110,481 | +€33,205 | +43.0% |
| Deferred charges and accrued income | 490/1 | €813 | €2,029 | +€1,216 | +149% |
| Total equity and liabilities | 10/49 | €400,620 | €370,769 | -€29,851 | -7.5% |
| Equity | 10/15 | €311,734 | €312,268 | +€533 | +0.2% |
| Contributions | 10/11 | €20,451 | €20,451 | = | 0.0% |
| Reserves | 13 | €74,136 | €74,136 | = | 0.0% |
| Tax-exempt reserves | 132 | €74,136 | €74,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | €217,147 | €217,681 | +€533 | +0.2% |
| Amounts payable | 17/49 | €88,886 | €58,502 | -€30,384 | -34.2% |
| Amounts payable after more than one year | 17 | €35,609 | €15,666 | -€19,944 | -56.0% |
| Financial debts | 170/4 | €35,609 | €15,666 | -€19,944 | -56.0% |
| Amounts payable within one year | 42/48 | €53,277 | €27,836 | -€25,441 | -47.8% |
| Current portion of amounts payable after more than one year | 42 | €36,258 | €27,836 | -€8,421 | -23.2% |
| Trade debts | 44 | €6,985 | - | -€6,985 | |
| Suppliers | 440/4 | €6,985 | - | -€6,985 | |
| Taxes, remuneration and social security | 45 | €3,784 | - | -€3,784 | |
| Taxes | 450/3 | €3,784 | - | -€3,784 | |
| Other amounts payable | 47/48 | €6,250 | - | -€6,250 | |
| Accrued charges and deferred income | 492/3 | - | €15,000 | +€15,000 | |
| Remuneration, social security and pensions | 62 | €300,589 | €174,589 | -€126,000 | -41.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,253 | €31,407 | +€1,155 | +3.8% |
| Other operating charges | 640/8 | €2,021 | €5,999 | +€3,978 | +197% |
| Non-recurring operating charges | 66A | €535 | - | -€535 | |
| Gross operating margin | 9900 | €430,949 | €215,235 | -€215,714 | -50.1% |
| Operating profit (loss) | 9901 | €97,551 | €3,240 | -€94,311 | -96.7% |
| Financial income | 75/76B | €4,799 | €1,812 | -€2,988 | -62.2% |
| Recurring financial income | 75 | €4,799 | €1,812 | -€2,988 | -62.2% |
| Financial charges | 65/66B | €4,786 | €2,749 | -€2,037 | -42.6% |
| Recurring financial charges | 65 | €4,786 | €2,749 | -€2,037 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €97,564 | €2,302 | -€95,262 | -97.6% |
| Income taxes | 67/77 | €19,908 | €1,769 | -€18,139 | -91.1% |
| Profit (loss) for the period | 9904 | €77,656 | €533 | -€77,123 | -99.3% |
| Profit (loss) for the period to be appropriated | 9905 | €77,656 | €533 | -€77,123 | -99.3% |
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 31 October 2026 via checked.be.