Group Torenhof: 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.
Group Torenhof
Largest movements
- Stocks and contracts -€1.7m
down €1.7m (-100%), from €1.7m to €0
- Tangible fixed assets +€388,794
new in 2025: €388,794
- Debts after one year -€924,204
down €924,204 (-67.0%), from €1.4m to €454,590
- Other debts -€329,143
down €329,143 (-97.0%), from €339,423 to €10,280
- Trade debts -€64,154
down €64,154 (-52.0%), from €123,281 to €59,127
- Profit (loss) carried forward -€33,161
down €33,161 (-30.5%), from -€108,686 to -€141,847
- Gross operating margin +€1.6m
up €1.6m, from -€11,893 to €1.6m
- Financial charges -€17,681
down €17,681 (-32.8%), from €53,892 to €36,211
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 | €1,748,959 | €414,801 | -€1.3m | -76.3% |
| Fixed assets | 21/28 | - | €388,794 | +€388,794 | |
| Tangible fixed assets | 22/27 | - | €388,794 | +€388,794 | |
| Land and buildings | 22 | - | €388,794 | +€388,794 | |
| Current assets | 29/58 | €1,748,959 | €26,007 | -€1.7m | -98.5% |
| Stocks and contracts in progress | 3 | €1,720,893 | €0 | -€1.7m | -100% |
| Stocks | 30/36 | €1,720,893 | €0 | -€1.7m | -100% |
| Amounts receivable within one year | 40/41 | €12,052 | €13,349 | +€1,297 | +10.8% |
| Trade receivables | 40 | €4,082 | €10,215 | +€6,133 | +150% |
| Other amounts receivable | 41 | €7,970 | €3,134 | -€4,837 | -60.7% |
| Cash at bank and in hand | 54/58 | €14,171 | €11,921 | -€2,250 | -15.9% |
| Deferred charges and accrued income | 490/1 | €1,842 | €737 | -€1,105 | -60.0% |
| Total equity and liabilities | 10/49 | €1,748,959 | €414,801 | -€1.3m | -76.3% |
| Equity | 10/15 | -€103,686 | -€136,847 | -€33,161 | -32.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€108,686 | -€141,847 | -€33,161 | -30.5% |
| Amounts payable | 17/49 | €1,852,645 | €551,648 | -€1.3m | -70.2% |
| Amounts payable after more than one year | 17 | €1,378,794 | €454,590 | -€924,204 | -67.0% |
| Financial debts | 170/4 | €1,378,794 | €454,590 | -€924,204 | -67.0% |
| Amounts payable within one year | 42/48 | €462,704 | €87,823 | -€374,881 | -81.0% |
| Current portion of amounts payable after more than one year | 42 | - | €16,126 | +€16,126 | |
| Trade debts | 44 | €123,281 | €59,127 | -€64,154 | -52.0% |
| Suppliers | 440/4 | €123,281 | €59,127 | -€64,154 | -52.0% |
| Taxes, remuneration and social security | 45 | - | €2,290 | +€2,290 | |
| Taxes | 450/3 | - | €2,290 | +€2,290 | |
| Other amounts payable | 47/48 | €339,423 | €10,280 | -€329,143 | -97.0% |
| Accrued charges and deferred income | 492/3 | €11,147 | €9,235 | -€1,912 | -17.2% |
| Non-recurring operating income | 76A | - | €15,382 | +€15,382 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €6,327 | +€6,327 | |
| Other operating charges | 640/8 | €552 | €968 | +€415 | +75.2% |
| Non-recurring operating charges | 66A | - | €1,564,020 | +€1.6m | |
| Gross operating margin | 9900 | -€11,893 | €1,574,365 | +€1.6m | |
| Operating profit (loss) | 9901 | -€12,445 | €3,050 | +€15,496 | |
| Financial income | 75/76B | €184 | €0 | -€184 | -100% |
| Recurring financial income | 75 | €184 | €0 | -€184 | -100% |
| Financial charges | 65/66B | €53,892 | €36,211 | -€17,681 | -32.8% |
| Recurring financial charges | 65 | €53,892 | €36,211 | -€17,681 | -32.8% |
| Profit (loss) for the period before taxes | 9903 | -€66,153 | -€33,161 | +€32,992 | +49.9% |
| Profit (loss) for the period | 9904 | -€66,153 | -€33,161 | +€32,992 | +49.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,153 | -€33,161 | +€32,992 | +49.9% |
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 1 November 2026 via checked.be.