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What changed?

Two fiscal 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.

What changed

TG TOITURE

BE 0786.355.145
NACE 41.001, General construction of residential buildings
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€21,945
2024 · €9,009+€12,936
Equity
€52,569
2024 · €30,624+€21,945
Cash
€1,434
2024 · €1,661-€228
Balance sheet total
€125,242
2024 · €54,283+€70,959

Largest movements

2024 to 2025
Assets
  • Receivables within one year +€70,311

    up €70,311 (+135.0%), from €52,074 to €122,384

    of which Trade receivables: +€74,952

Equity and liabilities
  • Trade debts +€39,094

    up €39,094 (+294.1%), from €13,293 to €52,386

  • Profit (loss) carried forward +€21,945

    up €21,945 (+72.4%), from €30,324 to €52,269

  • Tax, wage and social debts +€8,808

    up €8,808 (+85.0%), from €10,366 to €19,174

    of which Taxes: +€8,693

Income statement
  • Turnover +€160,469

    up €160,469 (+31.4%), from €511,049 to €671,517

  • Purchases and services +€116,836

    up €116,836 (+26.9%), from €434,023 to €550,859

  • Gross operating margin +€51,746

    up €51,746 (+61.5%), from €84,120 to €135,867

  • Staff costs +€35,149

    up €35,149 (+52.8%), from €66,526 to €101,675

From the 2024 result to the 2025 result

effect on the 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.

Result 2024 €9,009
Gross operating margin +€51,746
Staff costs -€35,149
Depreciation -€406
Other operating charges -€177
Financial income +€1
Financial charges -€244
Taxes -€2,835
Result 2025 €21,945

Cash bridge derived

cash 2024 to 2025

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.

From operations +€517
Investment -€1,289
Financing +€544
Cash 2024 €1,661
Net result for the year +€21,945
Depreciation +€413
Receivables within one year -€70,311
Trade debts +€39,094
Tax, wage and social debts +€8,808
Other debts +€568
Investment in fixed assets (net) -€1,289
Short-term financial debts +€544
Cash 2025 €1,434
Every line side by side 39 lines
Line Code 2024 2025 Change %
Total assets 20/58 €54,283 €125,242 +€70,959 +130.7%
Fixed assets 21/28 €548 €1,424 +€876 +159.7%
Tangible fixed assets 22/27 €548 €1,424 +€876 +159.7%
Furniture and vehicles 24 €548 €1,424 +€876 +159.7%
Current assets 29/58 €53,735 €123,818 +€70,083 +130.4%
Amounts receivable within one year 40/41 €52,074 €122,384 +€70,311 +135.0%
Trade receivables 40 €36,339 €111,291 +€74,952 +206.3%
Other amounts receivable 41 €15,735 €11,093 -€4,641 -29.5%
Cash at bank and in hand 54/58 €1,661 €1,434 -€228 -13.7%
Total equity and liabilities 10/49 €54,283 €125,242 +€70,959 +130.7%
Equity 10/15 €30,624 €52,569 +€21,945 +71.7%
Contributions 10/11 €300 €300 = 0.0%
Profit (loss) carried forward 14 €30,324 €52,269 +€21,945 +72.4%
Amounts payable 17/49 €23,659 €72,673 +€49,014 +207.2%
Amounts payable within one year 42/48 €23,659 €72,673 +€49,014 +207.2%
Financial debts 43 - €544 +€544
Credit institutions 430/8 - €544 +€544
Trade debts 44 €13,293 €52,386 +€39,094 +294.1%
Suppliers 440/4 €13,293 €52,386 +€39,094 +294.1%
Taxes, remuneration and social security 45 €10,366 €19,174 +€8,808 +85.0%
Taxes 450/3 €6,502 €15,195 +€8,693 +133.7%
Remuneration and social security 454/9 €3,864 €3,979 +€115 +3.0%
Other amounts payable 47/48 - €568 +€568
Turnover 70 €511,049 €671,517 +€160,469 +31.4%
Non-recurring operating income 76A €7,094 - -€7,094
Goods, raw materials, services and sundry goods 60/61 €434,023 €550,859 +€116,836 +26.9%
Remuneration, social security and pensions 62 €66,526 €101,675 +€35,149 +52.8%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets 630 €8 €413 +€406 +5347.8%
Other operating charges 640/8 €697 €874 +€177 +25.5%
Gross operating margin 9900 €84,120 €135,867 +€51,746 +61.5%
Operating profit (loss) 9901 €16,890 €32,903 +€16,014 +94.8%
Financial income 75/76B €3 €4 +€1 +46.1%
Recurring financial income 75 €3 €4 +€1 +46.1%
Financial charges 65/66B €2,026 €2,269 +€244 +12.0%
Recurring financial charges 65 €2,026 €2,269 +€244 +12.0%
Profit (loss) for the period before taxes 9903 €14,867 €30,638 +€15,771 +106.1%
Income taxes 67/77 €5,858 €8,693 +€2,835 +48.4%
Profit (loss) for the period 9904 €9,009 €21,945 +€12,936 +143.6%
Profit (loss) for the period to be appropriated 9905 €9,009 €21,945 +€12,936 +143.6%

Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.