TOITURES HORLEZ: what changed
What changed
TOITURES HORLEZ
NACE 43.410, Roofing work
filed annual accounts (NBB)
Net result for the year
€97,545
2024 · €162,226-€64,680
Equity
€730,902
2024 · €813,910-€83,007
Cash
€406,692
2024 · €283,263+€123,429
Balance sheet total
€1.1m
2024 · €1.1m-€3,288
Largest movements
Assets
- Cash +€123,429
up €123,429 (+43.6%), from €283,263 to €406,692
mainly Depreciation (+€130,710) and Net result for the year (+€97,545)
- Receivables within one year -€85,545
down €85,545 (-28.3%), from €301,776 to €216,231
of which Other amounts receivable: -€45,674
- Tangible fixed assets -€56,357
down €56,357 (-12.5%), from €450,306 to €393,949
- Stocks and contracts +€12,961
up €12,961 (+26.0%), from €49,818 to €62,779
Equity and liabilities
- Other debts +€85,300
up €85,300 (+107%), from €80,000 to €165,300
- Reserves -€76,455
down €76,455 (-10.5%), from €729,043 to €652,588
- Debts after one year -€21,402
down €21,402 (-21.6%), from €99,147 to €77,744
Income statement
- Staff costs +€57,214
up €57,214 (+18.7%), from €305,782 to €362,996
- Gross operating margin -€46,530
down €46,530 (-7.0%), from €663,321 to €616,790
- Taxes -€30,275
down €30,275 (-50.0%), from €60,558 to €30,283
- Financial income -€8,794
down €8,794 (-30.2%), from €29,119 to €20,325
- Depreciation -€8,063
down €8,063 (-5.8%), from €138,773 to €130,710
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.
Result 2024
€162,226
Gross operating margin
-€46,530
Staff costs
-€57,214
Depreciation
+€8,063
Other operating charges
+€2,925
Financial income
-€8,794
Financial charges
+€6,595
Taxes
+€30,275
Result 2025
€97,545
raises the resultlowers the result
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.
From operations
+€397,398
Investment
-€74,489
Financing
-€199,480
Cash 2024
€283,263
From operations (derived)
+€397,398
Net result for the year
+€97,545
Depreciation
+€130,710
Stocks and contracts
-€12,961
Receivables within one year
+€85,545
Deferred charges and accrued income
-€2,089
Trade debts
+€6,288
Tax, wage and social debts
+€6,948
Other debts
+€85,300
Accrued charges and deferred income
+€111
Investment (derived)
-€74,489
Investment in fixed assets (net)
-€74,489
Financing
-€199,480
Debts after one year
-€21,402
Current portion of long-term debt
+€2,474
Contributions, distributions and other
-€180,552
Cash 2025
€406,692
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,120,053 | €1,116,766 | -€3,288 | -0.3% |
| Fixed assets | 21/28 | €451,506 | €395,284 | -€56,222 | -12.5% |
| Tangible fixed assets | 22/27 | €450,306 | €393,949 | -€56,357 | -12.5% |
| Land and buildings | 22 | €168,439 | €166,057 | -€2,383 | -1.4% |
| Plant, machinery and equipment | 23 | €52,718 | €33,277 | -€19,441 | -36.9% |
| Furniture and vehicles | 24 | €193,730 | €166,274 | -€27,456 | -14.2% |
| Other tangible fixed assets | 26 | €35,418 | €28,341 | -€7,077 | -20.0% |
| Financial fixed assets | 28 | €1,200 | €1,335 | +€135 | +11.3% |
| Current assets | 29/58 | €668,548 | €721,482 | +€52,934 | +7.9% |
| Stocks and contracts in progress | 3 | €49,818 | €62,779 | +€12,961 | +26.0% |
| Stocks | 30/36 | €49,818 | €62,779 | +€12,961 | +26.0% |
| Amounts receivable within one year | 40/41 | €301,776 | €216,231 | -€85,545 | -28.3% |
| Trade receivables | 40 | €86,320 | €46,449 | -€39,872 | -46.2% |
| Other amounts receivable | 41 | €215,456 | €169,782 | -€45,674 | -21.2% |
| Cash at bank and in hand | 54/58 | €283,263 | €406,692 | +€123,429 | +43.6% |
| Deferred charges and accrued income | 490/1 | €33,690 | €35,779 | +€2,089 | +6.2% |
| Total equity and liabilities | 10/49 | €1,120,053 | €1,116,766 | -€3,288 | -0.3% |
| Equity | 10/15 | €813,910 | €730,902 | -€83,007 | -10.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €729,043 | €652,588 | -€76,455 | -10.5% |
| Distributable reserves | 133 | €729,043 | €652,588 | -€76,455 | -10.5% |
| Profit (loss) carried forward | 14 | €56,637 | €56,637 | = | 0.0% |
| Investment grants | 15 | €22,030 | €15,478 | -€6,552 | -29.7% |
| Amounts payable | 17/49 | €306,144 | €385,863 | +€79,719 | +26.0% |
| Amounts payable after more than one year | 17 | €99,147 | €77,744 | -€21,402 | -21.6% |
| Financial debts | 170/4 | €99,147 | €77,744 | -€21,402 | -21.6% |
| Amounts payable within one year | 42/48 | €206,942 | €307,952 | +€101,011 | +48.8% |
| Current portion of amounts payable after more than one year | 42 | €59,829 | €62,303 | +€2,474 | +4.1% |
| Trade debts | 44 | €21,434 | €27,722 | +€6,288 | +29.3% |
| Suppliers | 440/4 | €21,434 | €27,722 | +€6,288 | +29.3% |
| Taxes, remuneration and social security | 45 | €45,679 | €52,627 | +€6,948 | +15.2% |
| Taxes | 450/3 | €14,630 | €14,035 | -€595 | -4.1% |
| Remuneration and social security | 454/9 | €31,049 | €38,592 | +€7,543 | +24.3% |
| Other amounts payable | 47/48 | €80,000 | €165,300 | +€85,300 | +107% |
| Accrued charges and deferred income | 492/3 | €55 | €166 | +€111 | +201% |
| Remuneration, social security and pensions | 62 | €305,782 | €362,996 | +€57,214 | +18.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138,773 | €130,710 | -€8,063 | -5.8% |
| Other operating charges | 640/8 | €12,358 | €9,433 | -€2,925 | -23.7% |
| Gross operating margin | 9900 | €663,321 | €616,790 | -€46,530 | -7.0% |
| Operating profit (loss) | 9901 | €206,407 | €113,652 | -€92,756 | -44.9% |
| Financial income | 75/76B | €29,119 | €20,325 | -€8,794 | -30.2% |
| Recurring financial income | 75 | €29,119 | €20,325 | -€8,794 | -30.2% |
| Financial charges | 65/66B | €12,744 | €6,149 | -€6,595 | -51.7% |
| Recurring financial charges | 65 | €12,744 | €6,149 | -€6,595 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €222,783 | €127,828 | -€94,955 | -42.6% |
| Income taxes | 67/77 | €60,558 | €30,283 | -€30,275 | -50.0% |
| Profit (loss) for the period | 9904 | €162,226 | €97,545 | -€64,680 | -39.9% |
| Profit (loss) for the period to be appropriated | 9905 | €162,226 | €97,545 | -€64,680 | -39.9% |
Next steps
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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 8 November 2026 via checked.be.