Torali: 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.
Torali
Largest movements
- Cash -€23,659
down €23,659 (-99.1%), from €23,885 to €226
mainly Advances received (-€92,493) and Debts after one year (-€55,434)
- Stocks and contracts +€9,821
up €9,821 (+5.5%), from €179,741 to €189,562
- Advances received -€92,493
no longer reported in 2025 (was €92,493)
- Short-term financial debts +€80,204
new in 2025: €80,204
- Trade debts +€79,182
up €79,182 (+85.5%), from €92,664 to €171,846
- Debts after one year -€55,434
down €55,434 (-15.1%), from €367,190 to €311,756
- Reserves -€25,263
down €25,263 (-46.2%), from €54,685 to €29,422
of which Distributable reserves: -€25,263
- Gross operating margin -€87,706
down €87,706 (-54.8%), from €159,984 to €72,278
- Staff costs -€82,415
down €82,415 (-84.8%), from €97,215 to €14,800
- Taxes -€4,050
down €4,050 (-96.6%), from €4,191 to €141
- Financial charges +€3,103
up €3,103 (+20.6%), from €15,086 to €18,189
- Depreciation +€1,965
up €1,965 (+8.8%), from €22,420 to €24,384
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.
Cash bridge derived
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 | €754,009 | €740,393 | -€13,617 | -1.8% |
| Fixed assets | 21/28 | €339,628 | €335,456 | -€4,171 | -1.2% |
| Intangible fixed assets | 21 | €13,509 | €13,618 | +€109 | +0.8% |
| Tangible fixed assets | 22/27 | €323,619 | €317,539 | -€6,080 | -1.9% |
| Land and buildings | 22 | €280,354 | €266,709 | -€13,645 | -4.9% |
| Plant, machinery and equipment | 23 | €9,936 | €16,792 | +€6,856 | +69.0% |
| Furniture and vehicles | 24 | €33,329 | €34,037 | +€708 | +2.1% |
| Financial fixed assets | 28 | €2,500 | €4,300 | +€1,800 | +72.0% |
| Current assets | 29/58 | €414,382 | €404,936 | -€9,445 | -2.3% |
| Stocks and contracts in progress | 3 | €179,741 | €189,562 | +€9,821 | +5.5% |
| Stocks | 30/36 | €179,741 | €189,562 | +€9,821 | +5.5% |
| Amounts receivable within one year | 40/41 | €209,403 | €213,127 | +€3,724 | +1.8% |
| Trade receivables | 40 | €57,907 | €34,954 | -€22,953 | -39.6% |
| Other amounts receivable | 41 | €151,496 | €178,173 | +€26,677 | +17.6% |
| Cash at bank and in hand | 54/58 | €23,885 | €226 | -€23,659 | -99.1% |
| Deferred charges and accrued income | 490/1 | €1,353 | €2,021 | +€669 | +49.4% |
| Total equity and liabilities | 10/49 | €754,009 | €740,393 | -€13,617 | -1.8% |
| Equity | 10/15 | €60,885 | €35,622 | -€25,263 | -41.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €54,685 | €29,422 | -€25,263 | -46.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €52,825 | €27,562 | -€25,263 | -47.8% |
| Amounts payable | 17/49 | €693,125 | €704,771 | +€11,646 | +1.7% |
| Amounts payable after more than one year | 17 | €367,190 | €311,756 | -€55,434 | -15.1% |
| Financial debts | 170/4 | €367,190 | €311,756 | -€55,434 | -15.1% |
| Amounts payable within one year | 42/48 | €319,775 | €392,119 | +€72,343 | +22.6% |
| Current portion of amounts payable after more than one year | 42 | €49,816 | €55,434 | +€5,618 | +11.3% |
| Financial debts | 43 | - | €80,204 | +€80,204 | |
| Credit institutions | 430/8 | - | €80,204 | +€80,204 | |
| Trade debts | 44 | €92,664 | €171,846 | +€79,182 | +85.5% |
| Suppliers | 440/4 | €92,664 | €171,846 | +€79,182 | +85.5% |
| Advances received on contracts in progress | 46 | €92,493 | - | -€92,493 | |
| Taxes, remuneration and social security | 45 | €25,069 | €141 | -€24,928 | -99.4% |
| Taxes | 450/3 | €21,817 | €141 | -€21,676 | -99.4% |
| Remuneration and social security | 454/9 | €3,252 | - | -€3,252 | |
| Other amounts payable | 47/48 | €59,734 | €84,494 | +€24,760 | +41.5% |
| Accrued charges and deferred income | 492/3 | €6,159 | €896 | -€5,263 | -85.5% |
| Non-recurring operating income | 76A | €1,653 | - | -€1,653 | |
| Remuneration, social security and pensions | 62 | €97,215 | €14,800 | -€82,415 | -84.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,420 | €24,384 | +€1,965 | +8.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €282 | - | -€282 | |
| Other operating charges | 640/8 | €10,887 | €10,565 | -€322 | -3.0% |
| Non-recurring operating charges | 66A | - | €29,618 | +€29,618 | |
| Gross operating margin | 9900 | €159,984 | €72,278 | -€87,706 | -54.8% |
| Operating profit (loss) | 9901 | €29,181 | -€7,088 | -€36,269 | |
| Financial income | 75/76B | €25 | €155 | +€130 | +524.0% |
| Recurring financial income | 75 | €25 | €155 | +€130 | +524.0% |
| Financial charges | 65/66B | €15,086 | €18,189 | +€3,103 | +20.6% |
| Recurring financial charges | 65 | €15,086 | €18,189 | +€3,103 | +20.6% |
| Profit (loss) for the period before taxes | 9903 | €14,119 | -€25,122 | -€39,241 | |
| Income taxes | 67/77 | €4,191 | €141 | -€4,050 | -96.6% |
| Profit (loss) for the period | 9904 | €9,929 | -€25,263 | -€35,192 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,929 | -€25,263 | -€35,192 |
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 12 October 2026 via checked.be.