Tine Torfs: 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.
Tine Torfs
Largest movements
- Tangible fixed assets +€52,466
new in 2025: €52,466
- Cash +€28,417
up €28,417 (+186%), from €15,292 to €43,708
mainly Debts after one year (+€36,898) and Net result for the year (+€33,819)
- Debts after one year +€36,898
new in 2025: €36,898
- Profit (loss) carried forward +€32,986
up €32,986 (+378%), from €8,730 to €41,716
- Current portion of long-term debt +€10,133
new in 2025: €10,133
- Tax, wage and social debts +€1,067
up €1,067 (+30.7%), from €3,471 to €4,538
- Gross operating margin +€39,625
up €39,625 (+329%), from €12,047 to €51,672
- Depreciation +€7,070
new in 2025: €7,070
- Taxes +€7,008
up €7,008 (+282%), from €2,484 to €9,493
- Financial charges +€873
new in 2025: €873
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 | €15,308 | €96,498 | +€81,190 | +530% |
| Fixed assets | 21/28 | - | €52,466 | +€52,466 | |
| Tangible fixed assets | 22/27 | - | €52,466 | +€52,466 | |
| Furniture and vehicles | 24 | - | €52,466 | +€52,466 | |
| Current assets | 29/58 | €15,308 | €44,032 | +€28,724 | +188% |
| Amounts receivable within one year | 40/41 | €16 | - | -€16 | |
| Other amounts receivable | 41 | €16 | - | -€16 | |
| Cash at bank and in hand | 54/58 | €15,292 | €43,708 | +€28,417 | +186% |
| Deferred charges and accrued income | 490/1 | - | €323 | +€323 | |
| Total equity and liabilities | 10/49 | €15,308 | €96,498 | +€81,190 | +530% |
| Equity | 10/15 | €10,730 | €43,716 | +€32,986 | +307% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,730 | €41,716 | +€32,986 | +378% |
| Amounts payable | 17/49 | €4,578 | €52,781 | +€48,204 | +1,053% |
| Amounts payable after more than one year | 17 | - | €36,898 | +€36,898 | |
| Financial debts | 170/4 | - | €36,898 | +€36,898 | |
| Amounts payable within one year | 42/48 | €4,578 | €15,883 | +€11,306 | +247% |
| Current portion of amounts payable after more than one year | 42 | - | €10,133 | +€10,133 | |
| Trade debts | 44 | €154 | €154 | = | 0.0% |
| Suppliers | 440/4 | €154 | €154 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,471 | €4,538 | +€1,067 | +30.7% |
| Taxes | 450/3 | €3,471 | €4,538 | +€1,067 | +30.7% |
| Other amounts payable | 47/48 | €953 | €1,059 | +€106 | +11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,070 | +€7,070 | |
| Other operating charges | 640/8 | - | €464 | +€464 | |
| Gross operating margin | 9900 | €12,047 | €51,672 | +€39,625 | +329% |
| Operating profit (loss) | 9901 | €12,047 | €44,138 | +€32,091 | +266% |
| Financial income | 75/76B | - | €47 | +€47 | |
| Recurring financial income | 75 | - | €47 | +€47 | |
| Financial charges | 65/66B | - | €873 | +€873 | |
| Recurring financial charges | 65 | - | €873 | +€873 | |
| Profit (loss) for the period before taxes | 9903 | €12,047 | €43,312 | +€31,265 | +260% |
| Income taxes | 67/77 | €2,484 | €9,493 | +€7,008 | +282% |
| Profit (loss) for the period | 9904 | €9,563 | €33,819 | +€24,256 | +254% |
| Profit (loss) for the period to be appropriated | 9905 | €9,563 | €33,819 | +€24,256 | +254% |
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 18 October 2026 via checked.be.