DE TORRE 2.0: 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 TORRE 2.0
Largest movements
- Receivables after one year +€40,000
up €40,000 (+66.7%), from €60,000 to €100,000
- Tangible fixed assets -€30,079
down €30,079 (-59.0%), from €51,018 to €20,939
of which Other tangible fixed assets: -€16,381
- Receivables within one year -€9,129
down €9,129 (-75.9%), from €12,021 to €2,892
of which Other amounts receivable: -€8,039
- Cash -€1,844
down €1,844 (-49.6%), from €3,715 to €1,871
- Trade debts -€17,205
down €17,205 (-32.8%), from €52,512 to €35,307
- Reserves +€13,500
up €13,500 (+28.7%), from €47,000 to €60,500
- Tax, wage and social debts +€4,453
up €4,453 (+19.2%), from €23,216 to €27,669
of which Remuneration and social security: +€9,501
- Other debts -€1,602
down €1,602 (-47.3%), from €3,389 to €1,787
- Staff costs +€46,448
up €46,448 (+137%), from €33,921 to €80,369
- Gross operating margin +€39,618
up €39,618 (+64.1%), from €61,786 to €101,404
- Financial income +€1,997
up €1,997 (+81.7%), from €2,444 to €4,440
- Financial charges +€1,149
up €1,149 (+47.5%), from €2,421 to €3,569
From the 2023 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
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €131,796 | €131,352 | -€444 | -0.3% |
| Fixed assets | 21/28 | €51,018 | €20,939 | -€30,079 | -59.0% |
| Tangible fixed assets | 22/27 | €51,018 | €20,939 | -€30,079 | -59.0% |
| Plant, machinery and equipment | 23 | €21,959 | €8,921 | -€13,038 | -59.4% |
| Furniture and vehicles | 24 | €661 | - | -€661 | |
| Other tangible fixed assets | 26 | €28,398 | €12,017 | -€16,381 | -57.7% |
| Current assets | 29/58 | €80,778 | €110,413 | +€29,636 | +36.7% |
| Amounts receivable after more than one year | 29 | €60,000 | €100,000 | +€40,000 | +66.7% |
| Other amounts receivable | 291 | €60,000 | €100,000 | +€40,000 | +66.7% |
| Stocks and contracts in progress | 3 | €4,414 | €4,920 | +€506 | +11.5% |
| Stocks | 30/36 | €4,414 | €4,920 | +€506 | +11.5% |
| Amounts receivable within one year | 40/41 | €12,021 | €2,892 | -€9,129 | -75.9% |
| Trade receivables | 40 | €1,474 | €385 | -€1,090 | -73.9% |
| Other amounts receivable | 41 | €10,547 | €2,508 | -€8,039 | -76.2% |
| Cash at bank and in hand | 54/58 | €3,715 | €1,871 | -€1,844 | -49.6% |
| Deferred charges and accrued income | 490/1 | €628 | €730 | +€103 | +16.3% |
| Total equity and liabilities | 10/49 | €131,796 | €131,352 | -€444 | -0.3% |
| Equity | 10/15 | €52,678 | €66,588 | +€13,910 | +26.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €47,000 | €60,500 | +€13,500 | +28.7% |
| Distributable reserves | 133 | €47,000 | €60,500 | +€13,500 | +28.7% |
| Profit (loss) carried forward | 14 | €678 | €1,088 | +€410 | +60.4% |
| Amounts payable | 17/49 | €79,117 | €64,764 | -€14,353 | -18.1% |
| Amounts payable within one year | 42/48 | €79,117 | €64,764 | -€14,353 | -18.1% |
| Trade debts | 44 | €52,512 | €35,307 | -€17,205 | -32.8% |
| Suppliers | 440/4 | €52,512 | €35,307 | -€17,205 | -32.8% |
| Taxes, remuneration and social security | 45 | €23,216 | €27,669 | +€4,453 | +19.2% |
| Taxes | 450/3 | €16,983 | €11,936 | -€5,047 | -29.7% |
| Remuneration and social security | 454/9 | €6,233 | €15,734 | +€9,501 | +152% |
| Other amounts payable | 47/48 | €3,389 | €1,787 | -€1,602 | -47.3% |
| Remuneration, social security and pensions | 62 | €33,921 | €80,369 | +€46,448 | +137% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,350 | €17,726 | -€623 | -3.4% |
| Other operating charges | 640/8 | €681 | €1,176 | +€496 | +72.9% |
| Gross operating margin | 9900 | €61,786 | €101,404 | +€39,618 | +64.1% |
| Operating profit (loss) | 9901 | €8,835 | €2,131 | -€6,704 | -75.9% |
| Financial income | 75/76B | €2,444 | €4,440 | +€1,997 | +81.7% |
| Recurring financial income | 75 | €2,444 | €4,440 | +€1,997 | +81.7% |
| Financial charges | 65/66B | €2,421 | €3,569 | +€1,149 | +47.5% |
| Recurring financial charges | 65 | €2,421 | €3,569 | +€1,149 | +47.5% |
| Profit (loss) for the period before taxes | 9903 | €8,858 | €3,002 | -€5,855 | -66.1% |
| Income taxes | 67/77 | €2,602 | €2,601 | -€0 | 0.0% |
| Profit (loss) for the period | 9904 | €6,256 | €401 | -€5,855 | -93.6% |
| Profit (loss) for the period to be appropriated | 9905 | €6,256 | €401 | -€5,855 | -93.6% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.