TOITURES HECQ: 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 HECQ
Largest movements
- Tangible fixed assets +€234,412
up €234,412 (+205%), from €114,269 to €348,681
of which Land and buildings: +€240,008
- Cash -€81,467
down €81,467 (-61.4%), from €132,583 to €51,116
mainly Investment in fixed assets (net) (-€255,445) and Tax, wage and social debts (-€21,586)
- Receivables within one year +€13,305
up €13,305 (+59.5%), from €22,373 to €35,678
of which Other amounts receivable: +€16,384
- Debts after one year +€140,394
up €140,394 (+162%), from €86,770 to €227,164
- Reserves +€40,500
up €40,500 (+36.2%), from €111,800 to €152,300
- Tax, wage and social debts -€21,586
down €21,586 (-84.2%), from €25,636 to €4,050
- Current portion of long-term debt +€10,431
up €10,431 (+73.8%), from €14,140 to €24,571
- Trade debts -€4,855
down €4,855 (-54.6%), from €8,896 to €4,041
- Staff costs +€46,160
up €46,160 (+32.0%), from €144,396 to €190,556
- Gross operating margin +€26,669
up €26,669 (+11.1%), from €241,086 to €267,755
- Taxes -€11,731
down €11,731 (-64.1%), from €18,306 to €6,575
- Depreciation +€9,576
up €9,576 (+83.6%), from €11,457 to €21,033
- Financial charges +€4,396
up €4,396 (+109%), from €4,019 to €8,415
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 | €269,680 | €436,703 | +€167,023 | +61.9% |
| Fixed assets | 21/28 | €114,724 | €349,136 | +€234,412 | +204% |
| Tangible fixed assets | 22/27 | €114,269 | €348,681 | +€234,412 | +205% |
| Land and buildings | 22 | - | €240,008 | +€240,008 | |
| Plant, machinery and equipment | 23 | €108,147 | €104,723 | -€3,424 | -3.2% |
| Furniture and vehicles | 24 | €6,122 | €3,950 | -€2,172 | -35.5% |
| Financial fixed assets | 28 | €455 | €455 | = | 0.0% |
| Current assets | 29/58 | €154,956 | €87,567 | -€67,389 | -43.5% |
| Amounts receivable within one year | 40/41 | €22,373 | €35,678 | +€13,305 | +59.5% |
| Trade receivables | 40 | €3,996 | €917 | -€3,079 | -77.1% |
| Other amounts receivable | 41 | €18,377 | €34,761 | +€16,384 | +89.2% |
| Cash at bank and in hand | 54/58 | €132,583 | €51,116 | -€81,467 | -61.4% |
| Deferred charges and accrued income | 490/1 | - | €773 | +€773 | |
| Total equity and liabilities | 10/49 | €269,680 | €436,703 | +€167,023 | +61.9% |
| Equity | 10/15 | €123,839 | €163,783 | +€39,944 | +32.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €111,800 | €152,300 | +€40,500 | +36.2% |
| Distributable reserves | 133 | €111,800 | €152,300 | +€40,500 | +36.2% |
| Profit (loss) carried forward | 14 | €1,855 | €1,875 | +€20 | +1.1% |
| Investment grants | 15 | €5,184 | €4,608 | -€576 | -11.1% |
| Provisions and deferred taxes | 16 | €1,296 | €1,152 | -€144 | -11.1% |
| Deferred taxes | 168 | €1,296 | €1,152 | -€144 | -11.1% |
| Amounts payable | 17/49 | €144,545 | €271,768 | +€127,223 | +88.0% |
| Amounts payable after more than one year | 17 | €86,770 | €227,164 | +€140,394 | +162% |
| Financial debts | 170/4 | €86,770 | €227,164 | +€140,394 | +162% |
| Amounts payable within one year | 42/48 | €57,775 | €44,604 | -€13,171 | -22.8% |
| Current portion of amounts payable after more than one year | 42 | €14,140 | €24,571 | +€10,431 | +73.8% |
| Financial debts | 43 | €4,090 | €4,070 | -€20 | -0.5% |
| Credit institutions | 430/8 | €4,090 | €4,070 | -€20 | -0.5% |
| Trade debts | 44 | €8,896 | €4,041 | -€4,855 | -54.6% |
| Suppliers | 440/4 | €8,896 | €4,041 | -€4,855 | -54.6% |
| Taxes, remuneration and social security | 45 | €25,636 | €4,050 | -€21,586 | -84.2% |
| Taxes | 450/3 | €25,636 | €4,050 | -€21,586 | -84.2% |
| Other amounts payable | 47/48 | €5,013 | €7,872 | +€2,859 | +57.0% |
| Remuneration, social security and pensions | 62 | €144,396 | €190,556 | +€46,160 | +32.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,457 | €21,033 | +€9,576 | +83.6% |
| Other operating charges | 640/8 | €1,755 | €2,699 | +€944 | +53.8% |
| Gross operating margin | 9900 | €241,086 | €267,755 | +€26,669 | +11.1% |
| Operating profit (loss) | 9901 | €83,478 | €53,467 | -€30,011 | -36.0% |
| Financial income | 75/76B | €588 | €1,899 | +€1,311 | +223% |
| Recurring financial income | 75 | €588 | €1,899 | +€1,311 | +223% |
| Financial charges | 65/66B | €4,019 | €8,415 | +€4,396 | +109% |
| Recurring financial charges | 65 | €4,019 | €8,415 | +€4,396 | +109% |
| Profit (loss) for the period before taxes | 9903 | €80,047 | €46,951 | -€33,096 | -41.3% |
| Transfer from deferred taxes | 780 | €144 | €144 | = | 0.0% |
| Income taxes | 67/77 | €18,306 | €6,575 | -€11,731 | -64.1% |
| Profit (loss) for the period | 9904 | €61,885 | €40,520 | -€21,365 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €61,885 | €40,520 | -€21,365 | -34.5% |
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 29 October 2026 via checked.be.