TOITURES MEUNIER: what changed
What changed
TOITURES MEUNIER
NACE 47.521, Retail sale of hardware, building materials, paint and glass (general range)
filed annual accounts (NBB)
Net result for the year
€675
2024 · €54,761-€54,086
Equity
€344,275
2024 · €343,600+€675
Cash
€165,355
2024 · €124,847+€40,509
Balance sheet total
€1.0m
2024 · €803,217+€203,614
Largest movements
Assets
- Stocks and contracts +€210,227
up €210,227 (+95.5%), from €220,143 to €430,370
- Cash +€40,509
up €40,509 (+32.4%), from €124,847 to €165,355
mainly Short-term financial debts (+€194,493) and Depreciation (+€70,162)
- Tangible fixed assets -€28,860
down €28,860 (-7.5%), from €383,969 to €355,109
of which Leasing and similar rights: -€45,737
- Receivables within one year -€12,458
down €12,458 (-23.4%), from €53,291 to €40,833
of which Trade receivables: -€34,323
Equity and liabilities
- Short-term financial debts +€194,493
up €194,493 (+85.3%), from €228,000 to €422,493
- Debts after one year -€43,370
down €43,370 (-38.7%), from €112,041 to €68,671
- Advances received +€40,000
new in 2025: €40,000
- Trade debts +€21,692
up €21,692 (+44.7%), from €48,505 to €70,197
- Tax, wage and social debts -€16,630
down €16,630 (-92.6%), from €17,962 to €1,332
Income statement
- Gross operating margin -€54,818
down €54,818 (-32.3%), from €169,933 to €115,114
- Taxes -€16,720
down €16,720 (-80.0%), from €20,897 to €4,177
- Financial charges +€11,954
up €11,954 (+65.1%), from €18,354 to €30,308
- Depreciation +€5,264
up €5,264 (+8.1%), from €64,898 to €70,162
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
€54,761
Gross operating margin
-€54,818
Depreciation
-€5,264
Write-downs
-€270
Other operating charges
+€1,028
Financial income
+€472
Financial charges
-€11,954
Taxes
+€16,720
Result 2025
€675
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
-€75,493
Investment
-€36,658
Financing
+€152,660
Cash 2024
€124,847
From operations (derived)
-€75,493
Net result for the year
+€675
Depreciation
+€70,162
Stocks and contracts
-€210,227
Receivables within one year
+€12,458
Deferred charges and accrued income
+€1,161
Trade debts
+€21,692
Tax, wage and social debts
-€16,630
Advances received
+€40,000
Other debts
+€4,327
Accrued charges and deferred income
+€889
Investment (derived)
-€36,658
Investment in fixed assets (net)
-€36,658
Financing
+€152,660
Debts after one year
-€43,370
Current portion of long-term debt
+€1,537
Short-term financial debts
+€194,493
Cash 2025
€165,355
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €803,217 | €1,006,831 | +€203,614 | +25.3% |
| Fixed assets | 21/28 | €390,480 | €356,976 | -€33,504 | -8.6% |
| Tangible fixed assets | 22/27 | €383,969 | €355,109 | -€28,860 | -7.5% |
| Land and buildings | 22 | €153,023 | €152,271 | -€751 | -0.5% |
| Plant, machinery and equipment | 23 | €30,674 | €36,658 | +€5,984 | +19.5% |
| Furniture and vehicles | 24 | €31,088 | €42,732 | +€11,644 | +37.5% |
| Leasing and similar rights | 25 | €169,184 | €123,447 | -€45,737 | -27.0% |
| Financial fixed assets | 28 | €6,511 | €1,868 | -€4,644 | -71.3% |
| Current assets | 29/58 | €412,737 | €649,855 | +€237,118 | +57.4% |
| Stocks and contracts in progress | 3 | €220,143 | €430,370 | +€210,227 | +95.5% |
| Stocks | 30/36 | €220,143 | €430,370 | +€210,227 | +95.5% |
| Amounts receivable within one year | 40/41 | €53,291 | €40,833 | -€12,458 | -23.4% |
| Trade receivables | 40 | €38,556 | €4,233 | -€34,323 | -89.0% |
| Other amounts receivable | 41 | €14,735 | €36,600 | +€21,866 | +148% |
| Cash at bank and in hand | 54/58 | €124,847 | €165,355 | +€40,509 | +32.4% |
| Deferred charges and accrued income | 490/1 | €14,457 | €13,296 | -€1,161 | -8.0% |
| Total equity and liabilities | 10/49 | €803,217 | €1,006,831 | +€203,614 | +25.3% |
| Equity | 10/15 | €343,600 | €344,275 | +€675 | +0.2% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €170,117 | €170,117 | = | 0.0% |
| Distributable reserves | 133 | €170,117 | €170,117 | = | 0.0% |
| Profit (loss) carried forward | 14 | €154,891 | €155,566 | +€675 | +0.4% |
| Amounts payable | 17/49 | €459,617 | €662,556 | +€202,939 | +44.2% |
| Amounts payable after more than one year | 17 | €112,041 | €68,671 | -€43,370 | -38.7% |
| Financial debts | 170/4 | €112,041 | €68,671 | -€43,370 | -38.7% |
| Amounts payable within one year | 42/48 | €345,976 | €591,396 | +€245,420 | +70.9% |
| Current portion of amounts payable after more than one year | 42 | €46,889 | €48,426 | +€1,537 | +3.3% |
| Financial debts | 43 | €228,000 | €422,493 | +€194,493 | +85.3% |
| Credit institutions | 430/8 | €228,000 | €422,493 | +€194,493 | +85.3% |
| Trade debts | 44 | €48,505 | €70,197 | +€21,692 | +44.7% |
| Suppliers | 440/4 | €48,505 | €70,197 | +€21,692 | +44.7% |
| Advances received on contracts in progress | 46 | - | €40,000 | +€40,000 | |
| Taxes, remuneration and social security | 45 | €17,962 | €1,332 | -€16,630 | -92.6% |
| Taxes | 450/3 | €17,962 | €1,332 | -€16,630 | -92.6% |
| Other amounts payable | 47/48 | €4,621 | €8,948 | +€4,327 | +93.6% |
| Accrued charges and deferred income | 492/3 | €1,600 | €2,489 | +€889 | +55.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €64,898 | €70,162 | +€5,264 | +8.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €270 | +€270 | |
| Other operating charges | 640/8 | €13,850 | €12,822 | -€1,028 | -7.4% |
| Gross operating margin | 9900 | €169,933 | €115,114 | -€54,818 | -32.3% |
| Operating profit (loss) | 9901 | €91,184 | €31,860 | -€59,324 | -65.1% |
| Financial income | 75/76B | €2,828 | €3,300 | +€472 | +16.7% |
| Recurring financial income | 75 | €2,828 | €3,300 | +€472 | +16.7% |
| Financial charges | 65/66B | €18,354 | €30,308 | +€11,954 | +65.1% |
| Recurring financial charges | 65 | €18,354 | €30,308 | +€11,954 | +65.1% |
| Profit (loss) for the period before taxes | 9903 | €75,659 | €4,852 | -€70,807 | -93.6% |
| Income taxes | 67/77 | €20,897 | €4,177 | -€16,720 | -80.0% |
| Profit (loss) for the period | 9904 | €54,761 | €675 | -€54,086 | -98.8% |
| Profit (loss) for the period to be appropriated | 9905 | €54,761 | €675 | -€54,086 | -98.8% |
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 6 November 2026 via checked.be.