TOUSSAINT FRERES: 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.
TOUSSAINT FRERES
Largest movements
- Cash +€257,721
up €257,721 (+701%), from €36,754 to €294,475
mainly Current portion of long-term debt (+€125,520) and Other debts (+€86,636)
- Tangible fixed assets -€42,140
down €42,140 (-26.9%), from €156,629 to €114,489
of which Plant, machinery and equipment: -€27,640
- Receivables within one year +€19,686
up €19,686 (+9.4%), from €209,872 to €229,558
of which Trade receivables: +€16,689
- Stocks and contracts -€8,538
down €8,538 (-67.5%), from €12,642 to €4,104
- Current portion of long-term debt +€125,520
up €125,520 (+975%), from €12,872 to €138,392
- Other debts +€86,636
up €86,636 (+40.7%), from €212,927 to €299,563
- Tax, wage and social debts +€16,703
up €16,703 (+165%), from €10,115 to €26,818
of which Taxes: +€10,699
- Profit (loss) carried forward +€13,983
up €13,983 (+15.2%), from €91,859 to €105,842
- Debts after one year -€13,392
down €13,392 (-45.1%), from €29,700 to €16,309
- Gross operating margin +€50,002
up €50,002 (+79.1%), from €63,236 to €113,239
- Taxes +€2,499
new in 2025: €2,499
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 | €422,187 | €642,772 | +€220,585 | +52.2% |
| Fixed assets | 21/28 | €156,775 | €114,635 | -€42,140 | -26.9% |
| Tangible fixed assets | 22/27 | €156,629 | €114,489 | -€42,140 | -26.9% |
| Land and buildings | 22 | €74,297 | €74,137 | -€160 | -0.2% |
| Plant, machinery and equipment | 23 | €38,368 | €10,729 | -€27,640 | -72.0% |
| Furniture and vehicles | 24 | €43,964 | €29,624 | -€14,340 | -32.6% |
| Financial fixed assets | 28 | €146 | €146 | = | 0.0% |
| Current assets | 29/58 | €265,412 | €528,137 | +€262,725 | +99.0% |
| Stocks and contracts in progress | 3 | €12,642 | €4,104 | -€8,538 | -67.5% |
| Stocks | 30/36 | €12,642 | €4,104 | -€8,538 | -67.5% |
| Amounts receivable within one year | 40/41 | €209,872 | €229,558 | +€19,686 | +9.4% |
| Trade receivables | 40 | €165,527 | €182,217 | +€16,689 | +10.1% |
| Other amounts receivable | 41 | €44,345 | €47,341 | +€2,997 | +6.8% |
| Cash at bank and in hand | 54/58 | €36,754 | €294,475 | +€257,721 | +701% |
| Deferred charges and accrued income | 490/1 | €6,144 | - | -€6,144 | |
| Total equity and liabilities | 10/49 | €422,187 | €642,772 | +€220,585 | +52.2% |
| Equity | 10/15 | €112,310 | €126,293 | +€13,983 | +12.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €91,859 | €105,842 | +€13,983 | +15.2% |
| Amounts payable | 17/49 | €309,877 | €516,479 | +€206,603 | +66.7% |
| Amounts payable after more than one year | 17 | €29,700 | €16,309 | -€13,392 | -45.1% |
| Financial debts | 170/4 | €29,700 | €16,309 | -€13,392 | -45.1% |
| Amounts payable within one year | 42/48 | €280,176 | €500,171 | +€219,994 | +78.5% |
| Current portion of amounts payable after more than one year | 42 | €12,872 | €138,392 | +€125,520 | +975% |
| Trade debts | 44 | €44,263 | €35,398 | -€8,865 | -20.0% |
| Suppliers | 440/4 | €33,425 | €24,560 | -€8,865 | -26.5% |
| Bills of exchange payable | 441 | €10,838 | €10,838 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €10,115 | €26,818 | +€16,703 | +165% |
| Taxes | 450/3 | €2,007 | €12,705 | +€10,699 | +533% |
| Remuneration and social security | 454/9 | €8,108 | €14,113 | +€6,005 | +74.1% |
| Other amounts payable | 47/48 | €212,927 | €299,563 | +€86,636 | +40.7% |
| Remuneration, social security and pensions | 62 | €48,660 | €47,686 | -€974 | -2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,565 | €42,140 | -€425 | -1.0% |
| Other operating charges | 640/8 | €5,067 | €5,080 | +€13 | +0.3% |
| Non-recurring operating charges | 66A | €311 | €96 | -€215 | -69.0% |
| Gross operating margin | 9900 | €63,236 | €113,239 | +€50,002 | +79.1% |
| Operating profit (loss) | 9901 | -€33,367 | €18,236 | +€51,603 | |
| Financial income | 75/76B | €2 | - | -€2 | |
| Recurring financial income | 75 | €2 | - | -€2 | |
| Financial charges | 65/66B | €2,816 | €1,754 | -€1,062 | -37.7% |
| Recurring financial charges | 65 | €2,816 | €1,754 | -€1,062 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | -€36,181 | €16,482 | +€52,663 | |
| Income taxes | 67/77 | - | €2,499 | +€2,499 | |
| Profit (loss) for the period | 9904 | -€36,181 | €13,983 | +€50,164 | |
| Profit (loss) for the period to be appropriated | 9905 | -€36,181 | €13,983 | +€50,164 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.