De Torenhoeve: 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.
De Torenhoeve
Largest movements
- Tangible fixed assets +€1.3m
new in 2025: €1.3m
of which Other tangible fixed assets: +€935,991
- Receivables within one year -€59,743
down €59,743 (-97.8%), from €61,093 to €1,349
of which Trade receivables: -€58,651
- Stocks and contracts +€15,539
new in 2025: €15,539
- Debts after one year +€756,907
up €756,907 (+123%), from €614,850 to €1.4m
- Other debts +€194,400
up €194,400 (+16,652%), from €1,167 to €195,567
- Current portion of long-term debt +€100,733
new in 2025: €100,733
- Trade debts +€87,164
up €87,164 (+6,376%), from €1,367 to €88,531
- Tax, wage and social debts +€75,181
new in 2025: €75,181
of which Remuneration and social security: +€57,049
- Gross operating margin +€551,638
up €551,638 (+937%), from €58,866 to €610,505
- Staff costs +€519,992
new in 2025: €519,992
- Depreciation +€55,373
new in 2025: €55,373
- Financial charges +€29,621
up €29,621 (+646%), from €4,588 to €34,209
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 | €62,935 | €1,276,074 | +€1.2m | +1,928% |
| Fixed assets | 21/28 | - | €1,255,756 | +€1.3m | |
| Tangible fixed assets | 22/27 | - | €1,255,756 | +€1.3m | |
| Plant, machinery and equipment | 23 | - | €315,545 | +€315,545 | |
| Furniture and vehicles | 24 | - | €4,220 | +€4,220 | |
| Other tangible fixed assets | 26 | - | €935,991 | +€935,991 | |
| Current assets | 29/58 | €62,935 | €20,318 | -€42,617 | -67.7% |
| Stocks and contracts in progress | 3 | - | €15,539 | +€15,539 | |
| Stocks | 30/36 | - | €15,539 | +€15,539 | |
| Amounts receivable within one year | 40/41 | €61,093 | €1,349 | -€59,743 | -97.8% |
| Trade receivables | 40 | €60,000 | €1,349 | -€58,651 | -97.8% |
| Other amounts receivable | 41 | €1,093 | - | -€1,093 | |
| Cash at bank and in hand | 54/58 | €1,843 | €460 | -€1,383 | -75.0% |
| Deferred charges and accrued income | 490/1 | - | €2,970 | +€2,970 | |
| Total equity and liabilities | 10/49 | €62,935 | €1,276,074 | +€1.2m | +1,928% |
| Equity | 10/15 | -€554,449 | -€555,696 | -€1,247 | -0.2% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€646,308 | -€647,555 | -€1,247 | -0.2% |
| Amounts payable | 17/49 | €617,384 | €1,831,770 | +€1.2m | +197% |
| Amounts payable after more than one year | 17 | €614,850 | €1,371,757 | +€756,907 | +123% |
| Financial debts | 170/4 | €614,850 | €1,371,757 | +€756,907 | +123% |
| Amounts payable within one year | 42/48 | €2,534 | €460,013 | +€457,478 | +18,051% |
| Current portion of amounts payable after more than one year | 42 | - | €100,733 | +€100,733 | |
| Trade debts | 44 | €1,367 | €88,531 | +€87,164 | +6,376% |
| Suppliers | 440/4 | €1,367 | €88,531 | +€87,164 | +6,376% |
| Taxes, remuneration and social security | 45 | - | €75,181 | +€75,181 | |
| Taxes | 450/3 | - | €18,131 | +€18,131 | |
| Remuneration and social security | 454/9 | - | €57,049 | +€57,049 | |
| Other amounts payable | 47/48 | €1,167 | €195,567 | +€194,400 | +16,652% |
| Remuneration, social security and pensions | 62 | - | €519,992 | +€519,992 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €55,373 | +€55,373 | |
| Other operating charges | 640/8 | €1,072 | €2,695 | +€1,623 | +151% |
| Gross operating margin | 9900 | €58,866 | €610,505 | +€551,638 | +937% |
| Operating profit (loss) | 9901 | €57,794 | €32,445 | -€25,349 | -43.9% |
| Financial income | 75/76B | - | €518 | +€518 | |
| Recurring financial income | 75 | - | €518 | +€518 | |
| Financial charges | 65/66B | €4,588 | €34,209 | +€29,621 | +646% |
| Recurring financial charges | 65 | €4,588 | €34,209 | +€29,621 | +646% |
| Profit (loss) for the period before taxes | 9903 | €53,206 | -€1,247 | -€54,453 | |
| Profit (loss) for the period | 9904 | €53,206 | -€1,247 | -€54,453 | |
| Profit (loss) for the period to be appropriated | 9905 | €53,206 | -€1,247 | -€54,453 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.