De Torens: 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 Torens
Largest movements
- Cash +€69,529
up €69,529 (+350.9%), from €19,815 to €89,344
mainly Net result for the year (+€149,391) and Tax, wage and social debts (+€33,170)
- Tangible fixed assets +€51,114
up €51,114 (+42.1%), from €121,502 to €172,615
of which Furniture and vehicles: +€39,390
- Financial fixed assets +€26,000
up €26,000 (+8.7%), from €300,000 to €326,000
- Receivables within one year -€7,484
down €7,484 (-90.3%), from €8,291 to €807
of which Trade receivables: -€7,948
- Reserves +€149,391
up €149,391 (+404.3%), from €36,949 to €186,340
- Debts after one year -€56,734
down €56,734 (-24.1%), from €235,892 to €179,157
- Tax, wage and social debts +€33,170
up €33,170 (+88.2%), from €37,598 to €70,767
of which Taxes: +€32,073
- Other debts +€15,707
up €15,707 (+20.1%), from €78,278 to €93,985
- Gross operating margin +€191,357
up €191,357 (+113.2%), from €169,063 to €360,420
- Taxes +€37,745
up €37,745 (+577.6%), from €6,534 to €44,279
- Depreciation +€16,151
up €16,151 (+95.0%), from €16,993 to €33,144
- Staff costs +€13,516
up €13,516 (+12.7%), from €106,265 to €119,781
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 | €456,383 | €599,291 | +€142,909 | +31.3% |
| Fixed assets | 21/28 | €421,502 | €501,476 | +€79,974 | +19.0% |
| Intangible fixed assets | 21 | - | €2,860 | +€2,860 | |
| Tangible fixed assets | 22/27 | €121,502 | €172,615 | +€51,114 | +42.1% |
| Land and buildings | 22 | - | €8,645 | +€8,645 | |
| Plant, machinery and equipment | 23 | €88,372 | €91,451 | +€3,079 | +3.5% |
| Furniture and vehicles | 24 | €33,130 | €72,520 | +€39,390 | +118.9% |
| Financial fixed assets | 28 | €300,000 | €326,000 | +€26,000 | +8.7% |
| Current assets | 29/58 | €34,881 | €97,816 | +€62,935 | +180.4% |
| Amounts receivable within one year | 40/41 | €8,291 | €807 | -€7,484 | -90.3% |
| Trade receivables | 40 | €8,291 | €343 | -€7,948 | -95.9% |
| Other amounts receivable | 41 | €0 | €464 | +€464 | |
| Cash at bank and in hand | 54/58 | €19,815 | €89,344 | +€69,529 | +350.9% |
| Deferred charges and accrued income | 490/1 | €6,775 | €7,665 | +€890 | +13.1% |
| Total equity and liabilities | 10/49 | €456,383 | €599,291 | +€142,909 | +31.3% |
| Equity | 10/15 | €51,949 | €201,340 | +€149,391 | +287.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €36,949 | €186,340 | +€149,391 | +404.3% |
| Distributable reserves | 133 | €36,949 | €186,340 | +€149,391 | +404.3% |
| Amounts payable | 17/49 | €404,434 | €397,951 | -€6,482 | -1.6% |
| Amounts payable after more than one year | 17 | €235,892 | €179,157 | -€56,734 | -24.1% |
| Financial debts | 170/4 | €235,892 | €179,157 | -€56,734 | -24.1% |
| Amounts payable within one year | 42/48 | €168,139 | €218,250 | +€50,112 | +29.8% |
| Current portion of amounts payable after more than one year | 42 | €42,886 | €39,651 | -€3,235 | -7.5% |
| Trade debts | 44 | €9,377 | €13,847 | +€4,470 | +47.7% |
| Suppliers | 440/4 | €9,377 | €13,847 | +€4,470 | +47.7% |
| Taxes, remuneration and social security | 45 | €37,598 | €70,767 | +€33,170 | +88.2% |
| Taxes | 450/3 | €19,990 | €52,063 | +€32,073 | +160.4% |
| Remuneration and social security | 454/9 | €17,607 | €18,704 | +€1,097 | +6.2% |
| Other amounts payable | 47/48 | €78,278 | €93,985 | +€15,707 | +20.1% |
| Accrued charges and deferred income | 492/3 | €404 | €544 | +€140 | +34.8% |
| Remuneration, social security and pensions | 62 | €106,265 | €119,781 | +€13,516 | +12.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,993 | €33,144 | +€16,151 | +95.0% |
| Other operating charges | 640/8 | €1,678 | €1,550 | -€128 | -7.6% |
| Gross operating margin | 9900 | €169,063 | €360,420 | +€191,357 | +113.2% |
| Operating profit (loss) | 9901 | €44,127 | €205,945 | +€161,818 | +366.7% |
| Financial income | 75/76B | €125 | €319 | +€194 | +155.9% |
| Recurring financial income | 75 | €125 | €319 | +€194 | +155.9% |
| Financial charges | 65/66B | €11,185 | €12,594 | +€1,409 | +12.6% |
| Recurring financial charges | 65 | €11,185 | €12,594 | +€1,409 | +12.6% |
| Profit (loss) for the period before taxes | 9903 | €33,067 | €193,670 | +€160,603 | +485.7% |
| Income taxes | 67/77 | €6,534 | €44,279 | +€37,745 | +577.6% |
| Profit (loss) for the period | 9904 | €26,533 | €149,391 | +€122,858 | +463.0% |
| Profit (loss) for the period to be appropriated | 9905 | €26,533 | €149,391 | +€122,858 | +463.0% |
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.