TORAMCO: 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.
TORAMCO
Largest movements
- Intangible fixed assets -€26,655
down €26,655 (-13.0%), from €204,257 to €177,602
- Receivables within one year +€7,500
up €7,500 (+28.5%), from €26,313 to €33,813
of which Trade receivables: +€13,469
- Tangible fixed assets -€7,311
down €7,311 (-34.3%), from €21,297 to €13,985
of which Furniture and vehicles: -€6,928
- Cash -€6,384
down €6,384 (-37.4%), from €17,065 to €10,681
mainly Debts after one year (-€31,083) and Receivables within one year (-€7,500)
- Debts after one year -€31,083
down €31,083 (-13.8%), from €225,506 to €194,423
of which Financial debts: -€17,583
- Current portion of long-term debt -€7,274
down €7,274 (-29.3%), from €24,858 to €17,583
- Other debts +€6,152
up €6,152 (+770%), from €799 to €6,951
- Profit (loss) carried forward -€4,234
down €4,234 (-16.3%), from -€25,982 to -€30,216
- Gross operating margin +€20,519
up €20,519 (+137%), from €14,962 to €35,482
- Financial charges +€993
up €993 (+40.3%), from €2,462 to €3,455
- Other operating charges -€373
down €373 (-26.6%), from €1,406 to €1,032
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 | €270,220 | €237,420 | -€32,800 | -12.1% |
| Fixed assets | 21/28 | €225,554 | €191,587 | -€33,966 | -15.1% |
| Intangible fixed assets | 21 | €204,257 | €177,602 | -€26,655 | -13.0% |
| Tangible fixed assets | 22/27 | €21,297 | €13,985 | -€7,311 | -34.3% |
| Land and buildings | 22 | €1,103 | €720 | -€383 | -34.7% |
| Furniture and vehicles | 24 | €20,194 | €13,266 | -€6,928 | -34.3% |
| Current assets | 29/58 | €44,666 | €45,832 | +€1,166 | +2.6% |
| Amounts receivable within one year | 40/41 | €26,313 | €33,813 | +€7,500 | +28.5% |
| Trade receivables | 40 | €12,100 | €25,569 | +€13,469 | +111% |
| Other amounts receivable | 41 | €14,213 | €8,244 | -€5,969 | -42.0% |
| Cash at bank and in hand | 54/58 | €17,065 | €10,681 | -€6,384 | -37.4% |
| Deferred charges and accrued income | 490/1 | €1,289 | €1,338 | +€49 | +3.8% |
| Total equity and liabilities | 10/49 | €270,220 | €237,420 | -€32,800 | -12.1% |
| Equity | 10/15 | €10,594 | €6,360 | -€4,234 | -40.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €33,077 | €33,077 | = | 0.0% |
| Distributable reserves | 133 | €33,077 | €33,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€25,982 | -€30,216 | -€4,234 | -16.3% |
| Amounts payable | 17/49 | €259,626 | €231,059 | -€28,566 | -11.0% |
| Amounts payable after more than one year | 17 | €225,506 | €194,423 | -€31,083 | -13.8% |
| Financial debts | 170/4 | €65,006 | €47,423 | -€17,583 | -27.0% |
| Other amounts payable | 178/9 | €160,500 | €147,000 | -€13,500 | -8.4% |
| Amounts payable within one year | 42/48 | €34,120 | €36,637 | +€2,517 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €24,858 | €17,583 | -€7,274 | -29.3% |
| Trade debts | 44 | €2,590 | €4,099 | +€1,510 | +58.3% |
| Suppliers | 440/4 | €2,590 | €4,099 | +€1,510 | +58.3% |
| Taxes, remuneration and social security | 45 | €5,874 | €8,003 | +€2,129 | +36.3% |
| Taxes | 450/3 | €5,874 | €8,003 | +€2,129 | +36.3% |
| Other amounts payable | 47/48 | €799 | €6,951 | +€6,152 | +770% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,397 | €35,096 | -€301 | -0.9% |
| Other operating charges | 640/8 | €1,406 | €1,032 | -€373 | -26.6% |
| Gross operating margin | 9900 | €14,962 | €35,482 | +€20,519 | +137% |
| Operating profit (loss) | 9901 | -€21,841 | -€647 | +€21,194 | +97.0% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,462 | €3,455 | +€993 | +40.3% |
| Recurring financial charges | 65 | €2,462 | €3,455 | +€993 | +40.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,303 | -€4,102 | +€20,201 | +83.1% |
| Income taxes | 67/77 | €128 | €132 | +€4 | +3.1% |
| Profit (loss) for the period | 9904 | -€24,431 | -€4,234 | +€20,197 | +82.7% |
| Profit (loss) for the period to be appropriated | 9905 | -€24,431 | -€4,234 | +€20,197 | +82.7% |
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 15 October 2026 via checked.be.