TOITURES RED STAR: 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 RED STAR
Largest movements
- Tangible fixed assets +€23,356
up €23,356 (+171%), from €13,636 to €36,991
of which Plant, machinery and equipment: +€21,423
- Cash +€4,881
up €4,881 (+1,278%), from €382 to €5,263
mainly Depreciation (+€13,652) and Debts after one year (+€13,348)
- Receivables within one year -€2,752
down €2,752 (-8.9%), from €31,084 to €28,332
of which Trade receivables: -€14,920
- Deferred charges and accrued income -€833
down €833 (-81.7%), from €1,019 to €186
- Debts after one year +€13,348
up €13,348 (+243%), from €5,502 to €18,850
- Trade debts +€5,140
up €5,140 (+68.8%), from €7,467 to €12,607
- Current portion of long-term debt +€4,971
up €4,971 (+155%), from €3,215 to €8,186
- Profit (loss) carried forward +€4,345
up €4,345 (+26.2%), from €16,595 to €20,939
- Other debts -€1,853
no longer reported in 2025 (was €1,853)
- Gross operating margin +€16,040
up €16,040 (+289%), from €5,544 to €21,584
- Depreciation +€9,590
up €9,590 (+236%), from €4,062 to €13,652
- Other operating charges +€926
up €926 (+174%), from €533 to €1,459
- Financial charges +€884
up €884 (+149%), from €592 to €1,476
- Taxes +€540
up €540 (+483%), from €112 to €652
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 | €46,120 | €70,773 | +€24,653 | +53.5% |
| Fixed assets | 21/28 | €13,636 | €36,991 | +€23,356 | +171% |
| Tangible fixed assets | 22/27 | €13,636 | €36,991 | +€23,356 | +171% |
| Plant, machinery and equipment | 23 | - | €21,423 | +€21,423 | |
| Furniture and vehicles | 24 | €13,636 | €15,569 | +€1,933 | +14.2% |
| Current assets | 29/58 | €32,485 | €33,781 | +€1,297 | +4.0% |
| Amounts receivable within one year | 40/41 | €31,084 | €28,332 | -€2,752 | -8.9% |
| Trade receivables | 40 | €27,551 | €12,631 | -€14,920 | -54.2% |
| Other amounts receivable | 41 | €3,533 | €15,702 | +€12,168 | +344% |
| Cash at bank and in hand | 54/58 | €382 | €5,263 | +€4,881 | +1,278% |
| Deferred charges and accrued income | 490/1 | €1,019 | €186 | -€833 | -81.7% |
| Total equity and liabilities | 10/49 | €46,120 | €70,773 | +€24,653 | +53.5% |
| Equity | 10/15 | €21,595 | €25,939 | +€4,345 | +20.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,595 | €20,939 | +€4,345 | +26.2% |
| Amounts payable | 17/49 | €24,525 | €44,834 | +€20,308 | +82.8% |
| Amounts payable after more than one year | 17 | €5,502 | €18,850 | +€13,348 | +243% |
| Financial debts | 170/4 | €5,502 | €18,850 | +€13,348 | +243% |
| Amounts payable within one year | 42/48 | €19,023 | €25,984 | +€6,961 | +36.6% |
| Current portion of amounts payable after more than one year | 42 | €3,215 | €8,186 | +€4,971 | +155% |
| Trade debts | 44 | €7,467 | €12,607 | +€5,140 | +68.8% |
| Suppliers | 440/4 | €7,467 | €12,607 | +€5,140 | +68.8% |
| Taxes, remuneration and social security | 45 | €6,489 | €5,192 | -€1,297 | -20.0% |
| Taxes | 450/3 | €6,489 | €5,192 | -€1,297 | -20.0% |
| Other amounts payable | 47/48 | €1,853 | - | -€1,853 | |
| Non-recurring operating income | 76A | - | €601 | +€601 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,062 | €13,652 | +€9,590 | +236% |
| Other operating charges | 640/8 | €533 | €1,459 | +€926 | +174% |
| Gross operating margin | 9900 | €5,544 | €21,584 | +€16,040 | +289% |
| Operating profit (loss) | 9901 | €949 | €6,473 | +€5,524 | +582% |
| Financial charges | 65/66B | €592 | €1,476 | +€884 | +149% |
| Recurring financial charges | 65 | €592 | €1,476 | +€884 | +149% |
| Profit (loss) for the period before taxes | 9903 | €356 | €4,996 | +€4,640 | +1,302% |
| Income taxes | 67/77 | €112 | €652 | +€540 | +483% |
| Profit (loss) for the period | 9904 | €245 | €4,345 | +€4,100 | +1,676% |
| Profit (loss) for the period to be appropriated | 9905 | €245 | €4,345 | +€4,100 | +1,676% |
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 29 October 2026 via checked.be.