V.D. TOITURES: 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.
V.D. TOITURES
Largest movements
- Tangible fixed assets -€15,733
down €15,733 (-24.6%), from €64,060 to €48,327
of which Plant, machinery and equipment: -€9,732
- Receivables within one year -€5,807
down €5,807 (-23.6%), from €24,650 to €18,843
of which Trade receivables: -€3,134
- Stocks and contracts -€5,159
down €5,159 (-27.9%), from €18,510 to €13,351
- Cash +€3,341
up €3,341 (+172%), from €1,946 to €5,287
mainly Depreciation (+€15,733) and Receivables within one year (+€5,807)
- Deferred charges and accrued income +€2,542
up €2,542 (+38.3%), from €6,631 to €9,173
- Tax, wage and social debts -€17,112
down €17,112 (-68.2%), from €25,097 to €7,985
of which Taxes: -€12,809
- Debts after one year -€7,604
down €7,604 (-54.7%), from €13,893 to €6,289
- Profit (loss) carried forward +€5,023
up €5,023 (+12.5%), from €40,137 to €45,160
- Accrued charges and deferred income -€2,218
down €2,218 (-41.8%), from €5,312 to €3,094
- Trade debts +€1,883
up €1,883 (+9.6%), from €19,529 to €21,411
- Gross operating margin +€28,296
up €28,296 (+33.4%), from €84,672 to €112,968
- Staff costs +€18,123
up €18,123 (+25.6%), from €70,721 to €88,844
- Other operating charges -€12,326
down €12,326 (-88.3%), from €13,954 to €1,629
- Depreciation +€2,395
up €2,395 (+18.0%), from €13,338 to €15,733
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 | €118,129 | €97,543 | -€20,586 | -17.4% |
| Fixed assets | 21/28 | €66,393 | €50,890 | -€15,503 | -23.4% |
| Tangible fixed assets | 22/27 | €64,060 | €48,327 | -€15,733 | -24.6% |
| Plant, machinery and equipment | 23 | €38,250 | €28,518 | -€9,732 | -25.4% |
| Furniture and vehicles | 24 | €13,132 | €10,342 | -€2,790 | -21.2% |
| Leasing and similar rights | 25 | €12,679 | €9,467 | -€3,211 | -25.3% |
| Financial fixed assets | 28 | €2,333 | €2,563 | +€230 | +9.9% |
| Current assets | 29/58 | €51,736 | €46,653 | -€5,083 | -9.8% |
| Stocks and contracts in progress | 3 | €18,510 | €13,351 | -€5,159 | -27.9% |
| Stocks | 30/36 | €18,510 | €13,351 | -€5,159 | -27.9% |
| Amounts receivable within one year | 40/41 | €24,650 | €18,843 | -€5,807 | -23.6% |
| Trade receivables | 40 | €12,694 | €9,560 | -€3,134 | -24.7% |
| Other amounts receivable | 41 | €11,956 | €9,283 | -€2,673 | -22.4% |
| Cash at bank and in hand | 54/58 | €1,946 | €5,287 | +€3,341 | +172% |
| Deferred charges and accrued income | 490/1 | €6,631 | €9,173 | +€2,542 | +38.3% |
| Total equity and liabilities | 10/49 | €118,129 | €97,543 | -€20,586 | -17.4% |
| Equity | 10/15 | €46,137 | €51,160 | +€5,023 | +10.9% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €40,137 | €45,160 | +€5,023 | +12.5% |
| Amounts payable | 17/49 | €71,992 | €46,383 | -€25,609 | -35.6% |
| Amounts payable after more than one year | 17 | €13,893 | €6,289 | -€7,604 | -54.7% |
| Financial debts | 170/4 | €13,893 | €6,289 | -€7,604 | -54.7% |
| Amounts payable within one year | 42/48 | €52,787 | €37,000 | -€15,787 | -29.9% |
| Current portion of amounts payable after more than one year | 42 | €8,162 | €7,604 | -€558 | -6.8% |
| Trade debts | 44 | €19,529 | €21,411 | +€1,883 | +9.6% |
| Suppliers | 440/4 | €19,529 | €21,411 | +€1,883 | +9.6% |
| Taxes, remuneration and social security | 45 | €25,097 | €7,985 | -€17,112 | -68.2% |
| Taxes | 450/3 | €14,059 | €1,250 | -€12,809 | -91.1% |
| Remuneration and social security | 454/9 | €11,037 | €6,735 | -€4,302 | -39.0% |
| Other amounts payable | 47/48 | €0 | €0 | = | |
| Accrued charges and deferred income | 492/3 | €5,312 | €3,094 | -€2,218 | -41.8% |
| Turnover | 70 | €0 | €0 | = | |
| Goods, raw materials, services and sundry goods | 60/61 | €0 | €0 | = | |
| Remuneration, social security and pensions | 62 | €70,721 | €88,844 | +€18,123 | +25.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,338 | €15,733 | +€2,395 | +18.0% |
| Other operating charges | 640/8 | €13,954 | €1,629 | -€12,326 | -88.3% |
| Gross operating margin | 9900 | €84,672 | €112,968 | +€28,296 | +33.4% |
| Operating profit (loss) | 9901 | -€13,341 | €6,761 | +€20,102 | |
| Financial income | 75/76B | €158 | €325 | +€167 | +105% |
| Recurring financial income | 75 | €158 | €325 | +€167 | +105% |
| Financial charges | 65/66B | €1,475 | €1,964 | +€488 | +33.1% |
| Recurring financial charges | 65 | €1,475 | €1,964 | +€488 | +33.1% |
| Profit (loss) for the period before taxes | 9903 | -€14,658 | €5,123 | +€19,781 | |
| Income taxes | 67/77 | -€303 | €100 | +€403 | |
| Profit (loss) for the period | 9904 | -€14,355 | €5,023 | +€19,378 | |
| Profit (loss) for the period to be appropriated | 9905 | -€14,355 | €5,023 | +€19,378 |
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 27 October 2026 via checked.be.