TOITURES MIERGE: 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 MIERGE
Largest movements
- Tangible fixed assets +€29,057
up €29,057 (+39.6%), from €73,442 to €102,499
of which Furniture and vehicles: +€38,434
- Stocks and contracts -€2,678
down €2,678 (-17.2%), from €15,606 to €12,928
- Debts after one year +€28,213
up €28,213 (+62.9%), from €44,874 to €73,087
- Short-term financial debts -€15,922
down €15,922 (-94.2%), from €16,906 to €984
- Profit (loss) carried forward +€14,158
up €14,158 (+29.5%), from €47,982 to €62,139
- Current portion of long-term debt +€10,105
up €10,105 (+110%), from €9,150 to €19,255
- Trade debts -€9,879
down €9,879 (-29.1%), from €33,996 to €24,117
- Gross operating margin +€36,150
up €36,150 (+191%), from €18,926 to €55,076
- Depreciation +€6,572
up €6,572 (+39.2%), from €16,776 to €23,348
- Write-downs +€6,409
new in 2025: €6,409
- Other operating charges +€2,308
up €2,308 (+165%), from €1,394 to €3,702
- Taxes +€1,456
up €1,456, from €0 to €1,456
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €164,003 | €189,347 | +€25,344 | +15.5% |
| Fixed assets | 21/28 | €73,805 | €102,862 | +€29,057 | +39.4% |
| Tangible fixed assets | 22/27 | €73,442 | €102,499 | +€29,057 | +39.6% |
| Plant, machinery and equipment | 23 | €36,321 | €26,944 | -€9,377 | -25.8% |
| Furniture and vehicles | 24 | €37,121 | €75,555 | +€38,434 | +104% |
| Financial fixed assets | 28 | €363 | €363 | = | 0.0% |
| Current assets | 29/58 | €90,198 | €86,485 | -€3,713 | -4.1% |
| Stocks and contracts in progress | 3 | €15,606 | €12,928 | -€2,678 | -17.2% |
| Stocks | 30/36 | €15,606 | €12,928 | -€2,678 | -17.2% |
| Amounts receivable within one year | 40/41 | €73,513 | €73,557 | +€44 | +0.1% |
| Trade receivables | 40 | €69,170 | €54,406 | -€14,764 | -21.3% |
| Other amounts receivable | 41 | €4,343 | €19,151 | +€14,808 | +341% |
| Deferred charges and accrued income | 490/1 | €1,079 | €0 | -€1,079 | -100% |
| Total equity and liabilities | 10/49 | €164,003 | €189,347 | +€25,344 | +15.5% |
| Equity | 10/15 | €56,042 | €70,199 | +€14,158 | +25.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €47,982 | €62,139 | +€14,158 | +29.5% |
| Amounts payable | 17/49 | €107,961 | €119,147 | +€11,186 | +10.4% |
| Amounts payable after more than one year | 17 | €44,874 | €73,087 | +€28,213 | +62.9% |
| Financial debts | 170/4 | €44,874 | €73,087 | +€28,213 | +62.9% |
| Amounts payable within one year | 42/48 | €62,812 | €46,060 | -€16,752 | -26.7% |
| Current portion of amounts payable after more than one year | 42 | €9,150 | €19,255 | +€10,105 | +110% |
| Financial debts | 43 | €16,906 | €984 | -€15,922 | -94.2% |
| Credit institutions | 430/8 | €16,906 | €984 | -€15,922 | -94.2% |
| Trade debts | 44 | €33,996 | €24,117 | -€9,879 | -29.1% |
| Suppliers | 440/4 | €33,996 | €24,117 | -€9,879 | -29.1% |
| Taxes, remuneration and social security | 45 | €2,760 | €1,705 | -€1,056 | -38.2% |
| Taxes | 450/3 | €2,760 | €1,705 | -€1,056 | -38.2% |
| Accrued charges and deferred income | 492/3 | €275 | €0 | -€275 | -100% |
| Non-recurring operating income | 76A | - | €900 | +€900 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,776 | €23,348 | +€6,572 | +39.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,409 | +€6,409 | |
| Other operating charges | 640/8 | €1,394 | €3,702 | +€2,308 | +165% |
| Gross operating margin | 9900 | €18,926 | €55,076 | +€36,150 | +191% |
| Operating profit (loss) | 9901 | €755 | €21,616 | +€20,861 | +2,762% |
| Financial income | 75/76B | €753 | €638 | -€116 | -15.3% |
| Recurring financial income | 75 | €753 | €638 | -€116 | -15.3% |
| Financial charges | 65/66B | €5,974 | €6,640 | +€666 | +11.2% |
| Recurring financial charges | 65 | €5,974 | €6,640 | +€666 | +11.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,466 | €15,613 | +€20,079 | |
| Income taxes | 67/77 | €0 | €1,456 | +€1,456 | |
| Profit (loss) for the period | 9904 | -€4,466 | €14,158 | +€18,623 | |
| Profit (loss) for the period to be appropriated | 9905 | -€4,466 | €14,158 | +€18,623 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.