TORACO: 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.
TORACO
Largest movements
- Tangible fixed assets -€23,934
down €23,934 (-28.8%), from €83,139 to €59,205
of which Furniture and vehicles: -€22,715
- Intangible fixed assets -€17,600
down €17,600 (-42.7%), from €41,227 to €23,627
- Stocks and contracts +€13,178
up €13,178 (+16.0%), from €82,260 to €95,438
- Cash +€13,117
up €13,117 (+18217.5%), from €72 to €13,189
mainly Current portion of long-term debt (+€101,149) and Depreciation (+€42,857)
- Receivables within one year +€12,881
up €12,881 (+16.0%), from €80,749 to €93,630
of which Other amounts receivable: +€20,186
- Current portion of long-term debt +€101,149
up €101,149 (+287.2%), from €35,223 to €136,372
- Trade debts -€66,110
down €66,110 (-68.1%), from €97,014 to €30,905
- Short-term financial debts -€60,616
no longer reported in 2025 (was €60,616)
- Profit (loss) carried forward +€14,569
up €14,569 (+90.4%), from -€16,111 to -€1,542
- Debts after one year +€7,774
up €7,774 (+8.9%), from €87,123 to €94,897
- Gross operating margin +€32,525
up €32,525 (+15.2%), from €214,490 to €247,016
- Depreciation +€8,418
up €8,418 (+24.4%), from €34,440 to €42,857
- Financial charges +€5,246
up €5,246 (+54.9%), from €9,557 to €14,803
- Staff costs -€5,187
down €5,187 (-3.2%), from €160,130 to €154,943
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 | €289,781 | €287,422 | -€2,359 | -0.8% |
| Fixed assets | 21/28 | €126,700 | €85,166 | -€41,534 | -32.8% |
| Intangible fixed assets | 21 | €41,227 | €23,627 | -€17,600 | -42.7% |
| Tangible fixed assets | 22/27 | €83,139 | €59,205 | -€23,934 | -28.8% |
| Plant, machinery and equipment | 23 | €5,468 | €4,248 | -€1,219 | -22.3% |
| Furniture and vehicles | 24 | €77,671 | €54,956 | -€22,715 | -29.2% |
| Financial fixed assets | 28 | €2,334 | €2,334 | = | 0.0% |
| Current assets | 29/58 | €163,081 | €202,256 | +€39,175 | +24.0% |
| Stocks and contracts in progress | 3 | €82,260 | €95,438 | +€13,178 | +16.0% |
| Stocks | 30/36 | €82,260 | €95,438 | +€13,178 | +16.0% |
| Amounts receivable within one year | 40/41 | €80,749 | €93,630 | +€12,881 | +16.0% |
| Trade receivables | 40 | €75,371 | €68,065 | -€7,306 | -9.7% |
| Other amounts receivable | 41 | €5,378 | €25,565 | +€20,186 | +375.3% |
| Cash at bank and in hand | 54/58 | €72 | €13,189 | +€13,117 | +18217.5% |
| Total equity and liabilities | 10/49 | €289,781 | €287,422 | -€2,359 | -0.8% |
| Equity | 10/15 | -€13,611 | €958 | +€14,569 | |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,111 | -€1,542 | +€14,569 | +90.4% |
| Amounts payable | 17/49 | €303,392 | €286,464 | -€16,928 | -5.6% |
| Amounts payable after more than one year | 17 | €87,123 | €94,897 | +€7,774 | +8.9% |
| Financial debts | 170/4 | €87,123 | €94,897 | +€7,774 | +8.9% |
| Amounts payable within one year | 42/48 | €216,269 | €187,437 | -€28,832 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €35,223 | €136,372 | +€101,149 | +287.2% |
| Financial debts | 43 | €60,616 | - | -€60,616 | |
| Credit institutions | 430/8 | €60,616 | - | -€60,616 | |
| Trade debts | 44 | €97,014 | €30,905 | -€66,110 | -68.1% |
| Suppliers | 440/4 | €97,014 | €30,905 | -€66,110 | -68.1% |
| Advances received on contracts in progress | 46 | €4,500 | - | -€4,500 | |
| Taxes, remuneration and social security | 45 | €14,385 | €20,160 | +€5,775 | +40.1% |
| Taxes | 450/3 | €10,584 | €13,794 | +€3,210 | +30.3% |
| Remuneration and social security | 454/9 | €3,801 | €6,366 | +€2,566 | +67.5% |
| Other amounts payable | 47/48 | €4,531 | - | -€4,531 | |
| Accrued charges and deferred income | 492/3 | - | €4,130 | +€4,130 | |
| Remuneration, social security and pensions | 62 | €160,130 | €154,943 | -€5,187 | -3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,440 | €42,857 | +€8,418 | +24.4% |
| Other operating charges | 640/8 | €1,100 | €745 | -€355 | -32.2% |
| Non-recurring operating charges | 66A | - | €14,345 | +€14,345 | |
| Gross operating margin | 9900 | €214,490 | €247,016 | +€32,525 | +15.2% |
| Operating profit (loss) | 9901 | €18,820 | €34,125 | +€15,304 | +81.3% |
| Financial income | 75/76B | €6 | €610 | +€604 | +10790.4% |
| Recurring financial income | 75 | €6 | €610 | +€604 | +10790.4% |
| Financial charges | 65/66B | €9,557 | €14,803 | +€5,246 | +54.9% |
| Recurring financial charges | 65 | €9,557 | €14,803 | +€5,246 | +54.9% |
| Profit (loss) for the period before taxes | 9903 | €9,269 | €19,932 | +€10,663 | +115.0% |
| Income taxes | 67/77 | €3,781 | €5,363 | +€1,581 | +41.8% |
| Profit (loss) for the period | 9904 | €5,487 | €14,569 | +€9,082 | +165.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,487 | €14,569 | +€9,082 | +165.5% |
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 7 October 2026 via checked.be.