WL TOITURE: what changed
WL TOITURE
Largest movements
- Receivables within one year +€95,041
up €95,041 (+88.2%), from €107,715 to €202,756
of which Trade receivables: +€68,080
- Tangible fixed assets +€66,124
up €66,124 (+37.7%), from €175,191 to €241,315
of which Land and buildings: +€50,781
- Stocks and contracts -€11,380
down €11,380 (-32.3%), from €35,287 to €23,906
- Cash -€8,835
down €8,835 (-44.0%), from €20,099 to €11,264
mainly Investment in fixed assets (net) (-€118,756) and Receivables within one year (-€95,041)
- Debts after one year +€75,745
up €75,745 (+83.6%), from €90,647 to €166,392
- Profit (loss) carried forward +€49,977
up €49,977 (+26.1%), from €191,606 to €241,583
- Current portion of long-term debt +€27,715
up €27,715 (+238%), from €11,642 to €39,356
- Tax, wage and social debts -€6,961
down €6,961 (-33.5%), from €20,769 to €13,808
of which Remuneration and social security: -€10,077
- Gross operating margin +€132,582
up €132,582 (+56.4%), from €234,958 to €367,539
- Staff costs +€31,687
up €31,687 (+16.6%), from €190,703 to €222,390
- Other operating charges +€12,937
up €12,937 (+135%), from €9,564 to €22,501
- Taxes +€12,669
up €12,669 (+3,544%), from €357 to €13,026
- Depreciation +€7,518
up €7,518 (+16.7%), from €45,114 to €52,632
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €344,088 | €489,646 | +€145,557 | +42.3% |
| Fixed assets | 21/28 | €175,419 | €241,543 | +€66,124 | +37.7% |
| Tangible fixed assets | 22/27 | €175,191 | €241,315 | +€66,124 | +37.7% |
| Land and buildings | 22 | €75,200 | €125,981 | +€50,781 | +67.5% |
| Furniture and vehicles | 24 | €61,002 | €81,760 | +€20,758 | +34.0% |
| Other tangible fixed assets | 26 | €38,989 | €33,575 | -€5,415 | -13.9% |
| Financial fixed assets | 28 | €228 | €228 | = | 0.0% |
| Current assets | 29/58 | €168,669 | €248,103 | +€79,434 | +47.1% |
| Stocks and contracts in progress | 3 | €35,287 | €23,906 | -€11,380 | -32.3% |
| Stocks | 30/36 | €35,287 | €23,906 | -€11,380 | -32.3% |
| Amounts receivable within one year | 40/41 | €107,715 | €202,756 | +€95,041 | +88.2% |
| Trade receivables | 40 | €68,931 | €137,012 | +€68,080 | +98.8% |
| Other amounts receivable | 41 | €38,783 | €65,744 | +€26,961 | +69.5% |
| Cash at bank and in hand | 54/58 | €20,099 | €11,264 | -€8,835 | -44.0% |
| Deferred charges and accrued income | 490/1 | €5,569 | €10,177 | +€4,608 | +82.7% |
| Total equity and liabilities | 10/49 | €344,088 | €489,646 | +€145,557 | +42.3% |
| Equity | 10/15 | €195,106 | €245,083 | +€49,977 | +25.6% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €191,606 | €241,583 | +€49,977 | +26.1% |
| Amounts payable | 17/49 | €148,982 | €244,563 | +€95,580 | +64.2% |
| Amounts payable after more than one year | 17 | €90,647 | €166,392 | +€75,745 | +83.6% |
| Financial debts | 170/4 | €90,647 | €166,392 | +€75,745 | +83.6% |
| Amounts payable within one year | 42/48 | €58,335 | €78,171 | +€19,836 | +34.0% |
| Current portion of amounts payable after more than one year | 42 | €11,642 | €39,356 | +€27,715 | +238% |
| Trade debts | 44 | €25,925 | €25,007 | -€918 | -3.5% |
| Suppliers | 440/4 | €25,925 | €25,007 | -€918 | -3.5% |
| Taxes, remuneration and social security | 45 | €20,769 | €13,808 | -€6,961 | -33.5% |
| Taxes | 450/3 | €1,110 | €4,225 | +€3,116 | +281% |
| Remuneration and social security | 454/9 | €19,659 | €9,583 | -€10,077 | -51.3% |
| Remuneration, social security and pensions | 62 | €190,703 | €222,390 | +€31,687 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,114 | €52,632 | +€7,518 | +16.7% |
| Other operating charges | 640/8 | €9,564 | €22,501 | +€12,937 | +135% |
| Gross operating margin | 9900 | €234,958 | €367,539 | +€132,582 | +56.4% |
| Operating profit (loss) | 9901 | -€10,423 | €70,016 | +€80,440 | |
| Financial income | 75/76B | €250 | €3,937 | +€3,687 | +1,474% |
| Recurring financial income | 75 | €250 | €3,937 | +€3,687 | +1,474% |
| Financial charges | 65/66B | €7,255 | €10,949 | +€3,695 | +50.9% |
| Recurring financial charges | 65 | €7,255 | €10,949 | +€3,695 | +50.9% |
| Profit (loss) for the period before taxes | 9903 | -€17,428 | €63,004 | +€80,432 | |
| Income taxes | 67/77 | €357 | €13,026 | +€12,669 | +3,544% |
| Profit (loss) for the period | 9904 | -€17,786 | €49,977 | +€67,763 | |
| Profit (loss) for the period to be appropriated | 9905 | -€17,786 | €49,977 | +€67,763 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.