Dr. Torisaen Lien: 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.
Dr. Torisaen Lien
Largest movements
- Cash -€53,967
down €53,967 (-15.7%), from €342,840 to €288,873
mainly Contributions, distributions and other (-€266,492) and Other debts (-€92,368)
- Current investments -€14,000
no longer reported in 2025 (was €14,000)
- Other debts -€92,368
down €92,368 (-25.2%), from €366,562 to €274,194
- Tax, wage and social debts +€20,539
new in 2025: €20,539
- Gross operating margin -€110,211
down €110,211 (-23.4%), from €471,048 to €360,837
- Taxes -€24,447
down €24,447 (-21.3%), from €114,986 to €90,539
- Financial income -€9,020
no longer reported in 2025 (was €9,020)
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 | €373,292 | €300,944 | -€72,348 | -19.4% |
| Fixed assets | 21/28 | €7,019 | €4,148 | -€2,872 | -40.9% |
| Tangible fixed assets | 22/27 | €7,019 | €4,148 | -€2,872 | -40.9% |
| Furniture and vehicles | 24 | €7,019 | €4,148 | -€2,872 | -40.9% |
| Current assets | 29/58 | €366,273 | €296,797 | -€69,476 | -19.0% |
| Amounts receivable within one year | 40/41 | €2,539 | €2,539 | = | 0.0% |
| Other amounts receivable | 41 | €2,539 | €2,539 | = | 0.0% |
| Current investments | 50/53 | €14,000 | - | -€14,000 | |
| Cash at bank and in hand | 54/58 | €342,840 | €288,873 | -€53,967 | -15.7% |
| Deferred charges and accrued income | 490/1 | €6,894 | €5,385 | -€1,509 | -21.9% |
| Total equity and liabilities | 10/49 | €373,292 | €300,944 | -€72,348 | -19.4% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Amounts payable | 17/49 | €371,292 | €298,944 | -€72,348 | -19.5% |
| Amounts payable within one year | 42/48 | €371,292 | €298,944 | -€72,348 | -19.5% |
| Financial debts | 43 | €346 | - | -€346 | |
| Credit institutions | 430/8 | €346 | - | -€346 | |
| Trade debts | 44 | €4,385 | €4,212 | -€172 | -3.9% |
| Suppliers | 440/4 | €4,385 | €4,212 | -€172 | -3.9% |
| Taxes, remuneration and social security | 45 | - | €20,539 | +€20,539 | |
| Taxes | 450/3 | - | €20,539 | +€20,539 | |
| Other amounts payable | 47/48 | €366,562 | €274,194 | -€92,368 | -25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,739 | €2,872 | +€132 | +4.8% |
| Other operating charges | 640/8 | €538 | €770 | +€232 | +43.0% |
| Gross operating margin | 9900 | €471,048 | €360,837 | -€110,211 | -23.4% |
| Operating profit (loss) | 9901 | €467,771 | €357,196 | -€110,575 | -23.6% |
| Financial income | 75/76B | €9,020 | - | -€9,020 | |
| Recurring financial income | 75 | €9,020 | - | -€9,020 | |
| Financial charges | 65/66B | €151 | €165 | +€14 | +9.2% |
| Recurring financial charges | 65 | €151 | €165 | +€14 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | €476,639 | €357,030 | -€119,609 | -25.1% |
| Income taxes | 67/77 | €114,986 | €90,539 | -€24,447 | -21.3% |
| Profit (loss) for the period | 9904 | €361,653 | €266,492 | -€95,162 | -26.3% |
| Profit (loss) for the period to be appropriated | 9905 | €361,653 | €266,492 | -€95,162 | -26.3% |
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 16 October 2026 via checked.be.