Toitures Mathieu LENOIR: what changed
Toitures Mathieu LENOIR
Largest movements
- Tangible fixed assets +€176,435
up €176,435 (+69.0%), from €255,827 to €432,262
of which Land and buildings: +€244,178
- Cash +€50,790
up €50,790 (+22.2%), from €228,911 to €279,701
mainly Debts after one year (+€149,966) and Depreciation (+€81,247)
- Receivables within one year -€31,875
down €31,875 (-58.2%), from €54,814 to €22,939
of which Other amounts receivable: -€18,056
- Current investments -€15,000
down €15,000 (-33.3%), from €45,000 to €30,000
- Debts after one year +€149,966
new in 2025: €149,966
- Reserves +€71,438
up €71,438 (+15.6%), from €457,801 to €529,239
- Other debts -€37,308
down €37,308 (-47.2%), from €78,974 to €41,666
- Current portion of long-term debt +€16,932
new in 2025: €16,932
- Trade debts -€14,834
down €14,834 (-62.1%), from €23,871 to €9,037
- Staff costs -€43,009
down €43,009 (-44.9%), from €95,684 to €52,675
- Gross operating margin -€28,560
down €28,560 (-11.0%), from €260,381 to €231,821
- Depreciation +€18,343
up €18,343 (+29.2%), from €62,904 to €81,247
- Financial charges +€6,955
up €6,955 (+407%), from €1,708 to €8,663
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 | €590,826 | €770,508 | +€179,682 | +30.4% |
| Fixed assets | 21/28 | €255,840 | €432,262 | +€176,421 | +69.0% |
| Intangible fixed assets | 21 | €14 | - | -€14 | |
| Tangible fixed assets | 22/27 | €255,827 | €432,262 | +€176,435 | +69.0% |
| Land and buildings | 22 | €16,094 | €260,272 | +€244,178 | +1,517% |
| Plant, machinery and equipment | 23 | €158,590 | €121,229 | -€37,361 | -23.6% |
| Furniture and vehicles | 24 | €81,142 | €50,761 | -€30,382 | -37.4% |
| Current assets | 29/58 | €334,985 | €338,246 | +€3,261 | +1.0% |
| Amounts receivable within one year | 40/41 | €54,814 | €22,939 | -€31,875 | -58.2% |
| Trade receivables | 40 | €21,566 | €7,747 | -€13,819 | -64.1% |
| Other amounts receivable | 41 | €33,248 | €15,192 | -€18,056 | -54.3% |
| Current investments | 50/53 | €45,000 | €30,000 | -€15,000 | -33.3% |
| Cash at bank and in hand | 54/58 | €228,911 | €279,701 | +€50,790 | +22.2% |
| Deferred charges and accrued income | 490/1 | €6,260 | €5,606 | -€654 | -10.5% |
| Total equity and liabilities | 10/49 | €590,826 | €770,508 | +€179,682 | +30.4% |
| Equity | 10/15 | €477,801 | €549,239 | +€71,438 | +15.0% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €457,801 | €529,239 | +€71,438 | +15.6% |
| Distributable reserves | 133 | €457,801 | €529,239 | +€71,438 | +15.6% |
| Amounts payable | 17/49 | €113,025 | €221,269 | +€108,244 | +95.8% |
| Amounts payable after more than one year | 17 | - | €149,966 | +€149,966 | |
| Financial debts | 170/4 | - | €149,966 | +€149,966 | |
| Amounts payable within one year | 42/48 | €113,025 | €71,303 | -€41,722 | -36.9% |
| Current portion of amounts payable after more than one year | 42 | - | €16,932 | +€16,932 | |
| Trade debts | 44 | €23,871 | €9,037 | -€14,834 | -62.1% |
| Suppliers | 440/4 | €23,871 | €9,037 | -€14,834 | -62.1% |
| Taxes, remuneration and social security | 45 | €10,180 | €3,667 | -€6,513 | -64.0% |
| Taxes | 450/3 | €1,870 | €138 | -€1,732 | -92.6% |
| Remuneration and social security | 454/9 | €8,311 | €3,529 | -€4,781 | -57.5% |
| Other amounts payable | 47/48 | €78,974 | €41,666 | -€37,308 | -47.2% |
| Remuneration, social security and pensions | 62 | €95,684 | €52,675 | -€43,009 | -44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,904 | €81,247 | +€18,343 | +29.2% |
| Other operating charges | 640/8 | €1,309 | €2,667 | +€1,358 | +104% |
| Gross operating margin | 9900 | €260,381 | €231,821 | -€28,560 | -11.0% |
| Operating profit (loss) | 9901 | €100,484 | €95,232 | -€5,252 | -5.2% |
| Financial income | 75/76B | €1,905 | €3,281 | +€1,377 | +72.3% |
| Recurring financial income | 75 | €1,905 | €3,281 | +€1,377 | +72.3% |
| Financial charges | 65/66B | €1,708 | €8,663 | +€6,955 | +407% |
| Recurring financial charges | 65 | €1,708 | €8,663 | +€6,955 | +407% |
| Profit (loss) for the period before taxes | 9903 | €100,680 | €89,850 | -€10,830 | -10.8% |
| Income taxes | 67/77 | €18,474 | €18,412 | -€62 | -0.3% |
| Profit (loss) for the period | 9904 | €82,206 | €71,438 | -€10,768 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €82,206 | €71,438 | -€10,768 | -13.1% |
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.