J. Torfs & Co: 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.
J. Torfs & Co
Largest movements
- Receivables within one year -€6,237
down €6,237 (-51.3%), from €12,153 to €5,916
of which Trade receivables: -€6,478
- Cash -€5,623
down €5,623 (-13.0%), from €43,336 to €37,713
mainly Trade debts (-€13,592) and Tax, wage and social debts (-€304)
- Deferred charges and accrued income -€1,561
down €1,561 (-51.9%), from €3,007 to €1,446
- Trade debts -€13,592
down €13,592 (-45.0%), from €30,228 to €16,636
- Gross operating margin +€1,195
up €1,195 (+29.1%), from €4,106 to €5,301
- Taxes +€1,005
up €1,005 (+58.5%), from €1,719 to €2,724
- Other operating charges +€101
up €101 (+6.3%), from €1,616 to €1,717
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 | €59,426 | €46,005 | -€13,421 | -22.6% |
| Fixed assets | 21/28 | €930 | €930 | = | 0.0% |
| Financial fixed assets | 28 | €930 | €930 | = | 0.0% |
| Current assets | 29/58 | €58,496 | €45,075 | -€13,421 | -22.9% |
| Amounts receivable within one year | 40/41 | €12,153 | €5,916 | -€6,237 | -51.3% |
| Trade receivables | 40 | €9,638 | €3,160 | -€6,478 | -67.2% |
| Other amounts receivable | 41 | €2,515 | €2,756 | +€241 | +9.6% |
| Cash at bank and in hand | 54/58 | €43,336 | €37,713 | -€5,623 | -13.0% |
| Deferred charges and accrued income | 490/1 | €3,007 | €1,446 | -€1,561 | -51.9% |
| Total equity and liabilities | 10/49 | €59,426 | €46,005 | -€13,421 | -22.6% |
| Equity | 10/15 | €27,042 | €27,517 | +€475 | +1.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €1,859 | €1,859 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,591 | €7,066 | +€475 | +7.2% |
| Amounts payable | 17/49 | €32,384 | €18,488 | -€13,896 | -42.9% |
| Amounts payable within one year | 42/48 | €32,384 | €18,488 | -€13,896 | -42.9% |
| Trade debts | 44 | €30,228 | €16,636 | -€13,592 | -45.0% |
| Suppliers | 440/4 | €30,228 | €16,636 | -€13,592 | -45.0% |
| Taxes, remuneration and social security | 45 | €2,156 | €1,852 | -€304 | -14.1% |
| Taxes | 450/3 | €2,156 | €1,852 | -€304 | -14.1% |
| Other operating charges | 640/8 | €1,616 | €1,717 | +€101 | +6.3% |
| Gross operating margin | 9900 | €4,106 | €5,301 | +€1,195 | +29.1% |
| Operating profit (loss) | 9901 | €2,490 | €3,584 | +€1,094 | +43.9% |
| Financial income | 75/76B | €5 | - | -€5 | |
| Recurring financial income | 75 | €5 | - | -€5 | |
| Financial charges | 65/66B | €423 | €385 | -€38 | -9.0% |
| Recurring financial charges | 65 | €423 | €385 | -€38 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €2,072 | €3,199 | +€1,127 | +54.4% |
| Income taxes | 67/77 | €1,719 | €2,724 | +€1,005 | +58.5% |
| Profit (loss) for the period | 9904 | €353 | €475 | +€122 | +34.6% |
| Profit (loss) for the period to be appropriated | 9905 | €353 | €475 | +€122 | +34.6% |
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 21 October 2026 via checked.be.