TORAI: 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.
TORAI
Largest movements
- Receivables within one year +€159,319
new in 2025: €159,319
- Tangible fixed assets +€121,967
up €121,967 (+27.7%), from €440,632 to €562,599
- Other debts +€298,512
up €298,512 (+211.1%), from €141,380 to €439,892
- Profit (loss) carried forward -€55,270
down €55,270 (-46.1%), from -€119,997 to -€175,267
- Trade debts +€40,433
up €40,433 (+422.9%), from €9,562 to €49,995
- Debts after one year -€17,813
down €17,813 (-4.8%), from €370,047 to €352,234
- Current portion of long-term debt +€14,501
up €14,501 (+85.4%), from €16,978 to €31,479
- Purchases and services -€12,126
down €12,126 (-71.5%), from €16,951 to €4,825
- Depreciation +€9,104
up €9,104 (+50.5%), from €18,019 to €27,123
- Turnover -€6,000
no longer reported in 2025 (was €6,000)
- Other operating charges +€5,950
up €5,950, from €0 to €5,950
- Gross operating margin +€3,876
up €3,876 (+44.5%), from -€8,701 to -€4,825
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 | €442,969 | €723,332 | +€280,363 | +63.3% |
| Fixed assets | 21/28 | €440,632 | €562,599 | +€121,967 | +27.7% |
| Tangible fixed assets | 22/27 | €440,632 | €562,599 | +€121,967 | +27.7% |
| Land and buildings | 22 | €440,632 | €562,599 | +€121,967 | +27.7% |
| Current assets | 29/58 | €2,337 | €160,733 | +€158,396 | +6777.7% |
| Amounts receivable within one year | 40/41 | - | €159,319 | +€159,319 | |
| Other amounts receivable | 41 | - | €159,319 | +€159,319 | |
| Cash at bank and in hand | 54/58 | €1,337 | - | -€1,337 | |
| Deferred charges and accrued income | 490/1 | €1,000 | €1,414 | +€414 | +41.4% |
| Total equity and liabilities | 10/49 | €442,969 | €723,332 | +€280,363 | +63.3% |
| Equity | 10/15 | -€94,997 | -€150,267 | -€55,270 | -58.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Outside capital | 11 | - | €25,000 | +€25,000 | |
| Other | 1109/19 | - | €25,000 | +€25,000 | |
| Profit (loss) carried forward | 14 | -€119,997 | -€175,267 | -€55,270 | -46.1% |
| Amounts payable | 17/49 | €537,966 | €873,599 | +€335,633 | +62.4% |
| Amounts payable after more than one year | 17 | €370,047 | €352,234 | -€17,813 | -4.8% |
| Financial debts | 170/4 | €370,047 | €352,234 | -€17,813 | -4.8% |
| Amounts payable within one year | 42/48 | €167,920 | €521,365 | +€353,446 | +210.5% |
| Current portion of amounts payable after more than one year | 42 | €16,978 | €31,479 | +€14,501 | +85.4% |
| Trade debts | 44 | €9,562 | €49,995 | +€40,433 | +422.9% |
| Suppliers | 440/4 | €9,562 | €49,995 | +€40,433 | +422.9% |
| Other amounts payable | 47/48 | €141,380 | €439,892 | +€298,512 | +211.1% |
| Turnover | 70 | €6,000 | - | -€6,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | €16,951 | €4,825 | -€12,126 | -71.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,019 | €27,123 | +€9,104 | +50.5% |
| Other operating charges | 640/8 | €0 | €5,950 | +€5,950 | |
| Gross operating margin | 9900 | -€8,701 | -€4,825 | +€3,876 | +44.5% |
| Operating profit (loss) | 9901 | -€26,721 | -€37,897 | -€11,177 | -41.8% |
| Financial charges | 65/66B | €14,708 | €17,372 | +€2,665 | +18.1% |
| Recurring financial charges | 65 | €14,708 | €17,372 | +€2,665 | +18.1% |
| Profit (loss) for the period before taxes | 9903 | -€41,428 | -€55,270 | -€13,842 | -33.4% |
| Profit (loss) for the period | 9904 | -€41,428 | -€55,270 | -€13,842 | -33.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€41,428 | -€55,270 | -€13,842 | -33.4% |
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 7 October 2026 via checked.be.