DE TORA: 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.
DE TORA
Largest movements
- Tangible fixed assets +€30,762
up €30,762 (+13.0%), from €235,837 to €266,599
of which Other tangible fixed assets: +€38,927
- Cash -€19,544
down €19,544 (-31.2%), from €62,682 to €43,138
mainly Investment in fixed assets (net) (-€40,912) and Debts after one year (-€22,233)
- Reserves +€22,442
up €22,442 (+8.7%), from €258,319 to €280,761
- Debts after one year -€22,233
down €22,233 (-59.1%), from €37,647 to €15,414
- Tax, wage and social debts +€13,742
up €13,742 (+393.0%), from €3,497 to €17,239
of which Taxes: +€13,742
- Short-term financial debts -€6,028
down €6,028 (-89.1%), from €6,762 to €734
- Gross operating margin -€17,724
down €17,724 (-18.8%), from €94,065 to €76,341
- Taxes -€5,717
down €5,717 (-24.6%), from €23,193 to €17,476
- Financial charges +€1,568
up €1,568 (+60.6%), from €2,588 to €4,156
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 | €343,310 | €352,886 | +€9,577 | +2.8% |
| Fixed assets | 21/28 | €235,837 | €266,599 | +€30,762 | +13.0% |
| Tangible fixed assets | 22/27 | €235,837 | €266,599 | +€30,762 | +13.0% |
| Land and buildings | 22 | €224,392 | €219,236 | -€5,156 | -2.3% |
| Plant, machinery and equipment | 23 | €6,515 | €4,904 | -€1,612 | -24.7% |
| Furniture and vehicles | 24 | €4,929 | €3,532 | -€1,397 | -28.3% |
| Other tangible fixed assets | 26 | - | €38,927 | +€38,927 | |
| Current assets | 29/58 | €107,473 | €86,287 | -€21,186 | -19.7% |
| Amounts receivable within one year | 40/41 | €43,434 | €42,566 | -€868 | -2.0% |
| Trade receivables | 40 | €18,368 | €19,911 | +€1,543 | +8.4% |
| Other amounts receivable | 41 | €25,066 | €22,656 | -€2,410 | -9.6% |
| Cash at bank and in hand | 54/58 | €62,682 | €43,138 | -€19,544 | -31.2% |
| Deferred charges and accrued income | 490/1 | €1,357 | €583 | -€775 | -57.1% |
| Total equity and liabilities | 10/49 | €343,310 | €352,886 | +€9,577 | +2.8% |
| Equity | 10/15 | €271,723 | €294,165 | +€22,442 | +8.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €258,319 | €280,761 | +€22,442 | +8.7% |
| Distributable reserves | 133 | €258,319 | €280,761 | +€22,442 | +8.7% |
| Profit (loss) carried forward | 14 | €1,004 | €1,004 | = | 0.0% |
| Amounts payable | 17/49 | €71,587 | €58,721 | -€12,865 | -18.0% |
| Amounts payable after more than one year | 17 | €37,647 | €15,414 | -€22,233 | -59.1% |
| Financial debts | 170/4 | €37,647 | €15,414 | -€22,233 | -59.1% |
| Amounts payable within one year | 42/48 | €33,939 | €42,357 | +€8,417 | +24.8% |
| Current portion of amounts payable after more than one year | 42 | €21,769 | €22,233 | +€463 | +2.1% |
| Financial debts | 43 | €6,762 | €734 | -€6,028 | -89.1% |
| Credit institutions | 430/8 | €6,762 | €734 | -€6,028 | -89.1% |
| Trade debts | 44 | €1,911 | €2,151 | +€240 | +12.6% |
| Suppliers | 440/4 | €1,911 | €2,151 | +€240 | +12.6% |
| Taxes, remuneration and social security | 45 | €3,497 | €17,239 | +€13,742 | +393.0% |
| Taxes | 450/3 | €3,497 | €17,239 | +€13,742 | +393.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €950 | +€950 | |
| Non-recurring operating income | 76A | - | €7,438 | +€7,438 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,331 | €10,149 | +€818 | +8.8% |
| Other operating charges | 640/8 | €1,833 | €1,688 | -€145 | -7.9% |
| Gross operating margin | 9900 | €94,065 | €76,341 | -€17,724 | -18.8% |
| Operating profit (loss) | 9901 | €82,901 | €64,503 | -€18,398 | -22.2% |
| Financial income | 75/76B | €1,151 | €648 | -€503 | -43.7% |
| Recurring financial income | 75 | €1,151 | €648 | -€503 | -43.7% |
| Financial charges | 65/66B | €2,588 | €4,156 | +€1,568 | +60.6% |
| Recurring financial charges | 65 | €2,588 | €4,156 | +€1,568 | +60.6% |
| Profit (loss) for the period before taxes | 9903 | €81,463 | €60,995 | -€20,469 | -25.1% |
| Income taxes | 67/77 | €23,193 | €17,476 | -€5,717 | -24.6% |
| Profit (loss) for the period | 9904 | €58,271 | €43,519 | -€14,752 | -25.3% |
| Profit (loss) for the period to be appropriated | 9905 | €58,271 | €43,519 | -€14,752 | -25.3% |
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 4 October 2026 via checked.be.