TOUSSAINT THIERRY: 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 THIERRY
Largest movements
- Current investments +€152,069
up €152,069 (+25.2%), from €602,626 to €754,695
- Cash +€102,558
up €102,558 (+55.6%), from €184,296 to €286,854
mainly Net result for the year (+€232,485) and Depreciation (+€14,964)
- Deferred charges and accrued income +€12,221
up €12,221 (+40.9%), from €29,857 to €42,078
- Reserves +€232,485
up €232,485 (+28.8%), from €806,985 to €1.0m
of which Distributable reserves: +€232,485
- Financial income +€6,833
up €6,833 (+73.8%), from €9,263 to €16,096
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 | €941,777 | €1,197,352 | +€255,575 | +27.1% |
| Fixed assets | 21/28 | €122,999 | €113,726 | -€9,273 | -7.5% |
| Tangible fixed assets | 22/27 | €122,999 | €113,726 | -€9,273 | -7.5% |
| Land and buildings | 22 | €83,724 | €79,946 | -€3,778 | -4.5% |
| Plant, machinery and equipment | 23 | €15,876 | €10,736 | -€5,140 | -32.4% |
| Furniture and vehicles | 24 | €9,859 | €10,138 | +€278 | +2.8% |
| Other tangible fixed assets | 26 | €13,540 | €12,907 | -€634 | -4.7% |
| Current assets | 29/58 | €818,778 | €1,083,627 | +€264,848 | +32.3% |
| Amounts receivable within one year | 40/41 | €2,000 | - | -€2,000 | |
| Trade receivables | 40 | €2,000 | - | -€2,000 | |
| Current investments | 50/53 | €602,626 | €754,695 | +€152,069 | +25.2% |
| Cash at bank and in hand | 54/58 | €184,296 | €286,854 | +€102,558 | +55.6% |
| Deferred charges and accrued income | 490/1 | €29,857 | €42,078 | +€12,221 | +40.9% |
| Total equity and liabilities | 10/49 | €941,777 | €1,197,352 | +€255,575 | +27.1% |
| Equity | 10/15 | €849,097 | €1,080,749 | +€231,652 | +27.3% |
| Contributions | 10/11 | €24,800 | €24,800 | = | 0.0% |
| Reserves | 13 | €806,985 | €1,039,470 | +€232,485 | +28.8% |
| Tax-exempt reserves | 132 | €12,032 | €12,032 | = | 0.0% |
| Distributable reserves | 133 | €794,953 | €1,027,438 | +€232,485 | +29.2% |
| Profit (loss) carried forward | 14 | €17,312 | €16,479 | -€833 | -4.8% |
| Amounts payable | 17/49 | €92,680 | €116,603 | +€23,923 | +25.8% |
| Amounts payable within one year | 42/48 | €89,898 | €110,783 | +€20,885 | +23.2% |
| Trade debts | 44 | €4,040 | €8,634 | +€4,593 | +114% |
| Suppliers | 440/4 | €4,040 | €8,634 | +€4,593 | +114% |
| Taxes, remuneration and social security | 45 | €39,578 | €49,213 | +€9,635 | +24.3% |
| Taxes | 450/3 | €39,578 | €49,213 | +€9,635 | +24.3% |
| Other amounts payable | 47/48 | €46,279 | €52,936 | +€6,657 | +14.4% |
| Accrued charges and deferred income | 492/3 | €2,782 | €5,821 | +€3,038 | +109% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,706 | €14,964 | -€743 | -4.7% |
| Other operating charges | 640/8 | €3,195 | €3,113 | -€82 | -2.6% |
| Non-recurring operating charges | 66A | - | €178 | +€178 | |
| Gross operating margin | 9900 | €338,438 | €341,713 | +€3,276 | +1.0% |
| Operating profit (loss) | 9901 | €319,536 | €323,459 | +€3,923 | +1.2% |
| Financial income | 75/76B | €9,263 | €16,096 | +€6,833 | +73.8% |
| Recurring financial income | 75 | €9,263 | €16,096 | +€6,833 | +73.8% |
| Financial charges | 65/66B | €4,540 | €4,792 | +€252 | +5.6% |
| Recurring financial charges | 65 | €4,540 | €4,792 | +€252 | +5.6% |
| Profit (loss) for the period before taxes | 9903 | €324,259 | €334,763 | +€10,504 | +3.2% |
| Income taxes | 67/77 | €99,842 | €102,278 | +€2,437 | +2.4% |
| Profit (loss) for the period | 9904 | €224,418 | €232,485 | +€8,067 | +3.6% |
| Profit (loss) for the period to be appropriated | 9905 | €224,418 | €232,485 | +€8,067 | +3.6% |
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 21 October 2026 via checked.be.