LA TORNADE: what changed
Two fiscal 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.
LA TORNADE
Largest movements
- Tangible fixed assets -€19,980
down €19,980 (-5.0%), from €401,965 to €381,984
of which Land and buildings: -€11,839
- Receivables within one year +€15,692
up €15,692 (+46.7%), from €33,625 to €49,317
of which Trade receivables: +€14,528
- Debts after one year -€24,874
down €24,874 (-8.0%), from €311,403 to €286,529
- Reserves +€24,000
up €24,000 (+26.1%), from €92,000 to €116,000
- Other debts -€7,410
down €7,410 (-15.3%), from €48,318 to €40,908
- Tax, wage and social debts -€7,044
down €7,044 (-23.9%), from €29,486 to €22,442
of which Remuneration and social security: -€10,644
- Depreciation -€38,117
down €38,117 (-56.4%), from €67,608 to €29,491
- Gross operating margin -€12,551
down €12,551 (-5.2%), from €243,230 to €230,679
- Taxes +€8,767
new in 2025: €8,767
- Staff costs -€6,635
down €6,635 (-4.2%), from €157,048 to €150,413
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 | €525,298 | €513,375 | -€11,923 | -2.3% |
| Fixed assets | 21/28 | €419,965 | €395,984 | -€23,980 | -5.7% |
| Intangible fixed assets | 21 | €18,000 | €14,000 | -€4,000 | -22.2% |
| Tangible fixed assets | 22/27 | €401,965 | €381,984 | -€19,980 | -5.0% |
| Land and buildings | 22 | €372,259 | €360,420 | -€11,839 | -3.2% |
| Plant, machinery and equipment | 23 | €1,687 | €1,095 | -€593 | -35.1% |
| Furniture and vehicles | 24 | €28,018 | €20,470 | -€7,549 | -26.9% |
| Current assets | 29/58 | €105,333 | €117,391 | +€12,057 | +11.4% |
| Stocks and contracts in progress | 3 | €1,350 | €1,350 | = | 0.0% |
| Stocks | 30/36 | €1,350 | €1,350 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €33,625 | €49,317 | +€15,692 | +46.7% |
| Trade receivables | 40 | €27,832 | €42,360 | +€14,528 | +52.2% |
| Other amounts receivable | 41 | €5,793 | €6,956 | +€1,164 | +20.1% |
| Cash at bank and in hand | 54/58 | €68,157 | €64,477 | -€3,681 | -5.4% |
| Deferred charges and accrued income | 490/1 | €2,201 | €2,247 | +€46 | +2.1% |
| Total equity and liabilities | 10/49 | €525,298 | €513,375 | -€11,923 | -2.3% |
| Equity | 10/15 | €107,344 | €131,618 | +€24,275 | +22.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €92,000 | €116,000 | +€24,000 | +26.1% |
| Distributable reserves | 133 | €92,000 | €116,000 | +€24,000 | +26.1% |
| Profit (loss) carried forward | 14 | €344 | €618 | +€275 | +80.0% |
| Amounts payable | 17/49 | €417,954 | €381,756 | -€36,198 | -8.7% |
| Amounts payable after more than one year | 17 | €311,403 | €286,529 | -€24,874 | -8.0% |
| Financial debts | 170/4 | €311,403 | €286,529 | -€24,874 | -8.0% |
| Amounts payable within one year | 42/48 | €102,500 | €89,922 | -€12,578 | -12.3% |
| Current portion of amounts payable after more than one year | 42 | €24,324 | €24,874 | +€550 | +2.3% |
| Trade debts | 44 | €373 | €1,698 | +€1,325 | +355.7% |
| Suppliers | 440/4 | €373 | €1,698 | +€1,325 | +355.7% |
| Taxes, remuneration and social security | 45 | €29,486 | €22,442 | -€7,044 | -23.9% |
| Taxes | 450/3 | €6,624 | €10,224 | +€3,600 | +54.3% |
| Remuneration and social security | 454/9 | €22,862 | €12,218 | -€10,644 | -46.6% |
| Other amounts payable | 47/48 | €48,318 | €40,908 | -€7,410 | -15.3% |
| Accrued charges and deferred income | 492/3 | €4,052 | €5,306 | +€1,254 | +31.0% |
| Remuneration, social security and pensions | 62 | €157,048 | €150,413 | -€6,635 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,608 | €29,491 | -€38,117 | -56.4% |
| Other operating charges | 640/8 | €2,384 | €1,612 | -€772 | -32.4% |
| Gross operating margin | 9900 | €243,230 | €230,679 | -€12,551 | -5.2% |
| Operating profit (loss) | 9901 | €16,190 | €49,163 | +€32,973 | +203.7% |
| Financial income | 75/76B | €113 | €101 | -€12 | -10.6% |
| Recurring financial income | 75 | €3 | €101 | +€98 | +3502.1% |
| Non-recurring financial income | 76B | €110 | - | -€110 | |
| Financial charges | 65/66B | €16,287 | €16,222 | -€65 | -0.4% |
| Recurring financial charges | 65 | €16,287 | €16,159 | -€128 | -0.8% |
| Non-recurring financial charges | 66B | - | €63 | +€63 | |
| Profit (loss) for the period before taxes | 9903 | €16 | €33,042 | +€33,027 | +212116.6% |
| Income taxes | 67/77 | - | €8,767 | +€8,767 | |
| Profit (loss) for the period | 9904 | €16 | €24,275 | +€24,259 | +155807.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16 | €24,275 | +€24,259 | +155807.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.