TORAN: 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.
TORAN
Largest movements
- Cash -€31,690
down €31,690 (-63.9%), from €49,567 to €17,877
mainly Debts after one year (-€43,682) and Other debts (-€26,042)
- Tangible fixed assets -€25,345
down €25,345 (-7.2%), from €354,138 to €328,793
of which Furniture and vehicles: -€18,570
- Receivables after one year -€20,000
down €20,000 (-20.0%), from €100,000 to €80,000
- Debts after one year -€43,682
down €43,682 (-26.3%), from €166,396 to €122,715
- Other debts -€26,042
down €26,042 (-32.0%), from €81,308 to €55,266
- Current portion of long-term debt -€8,336
down €8,336 (-16.0%), from €52,018 to €43,682
- Profit (loss) carried forward +€7,092
up €7,092 (+1.3%), from -€533,709 to -€526,618
- Gross operating margin +€46,632
up €46,632, from -€2,882 to €43,750
- Financial income +€4,379
up €4,379 (+86.6%), from €5,057 to €9,435
- Financial charges +€3,271
up €3,271 (+36.5%), from €8,965 to €12,236
- Other operating charges +€1,024
up €1,024 (+23.1%), from €4,435 to €5,459
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 | €620,724 | €548,084 | -€72,640 | -11.7% |
| Fixed assets | 21/28 | €354,338 | €328,993 | -€25,345 | -7.2% |
| Tangible fixed assets | 22/27 | €354,138 | €328,793 | -€25,345 | -7.2% |
| Land and buildings | 22 | €294,377 | €288,098 | -€6,279 | -2.1% |
| Plant, machinery and equipment | 23 | €1,983 | €1,487 | -€496 | -25.0% |
| Furniture and vehicles | 24 | €57,777 | €39,207 | -€18,570 | -32.1% |
| Financial fixed assets | 28 | €200 | €200 | = | 0.0% |
| Current assets | 29/58 | €266,386 | €219,091 | -€47,295 | -17.8% |
| Amounts receivable after more than one year | 29 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Other amounts receivable | 291 | €100,000 | €80,000 | -€20,000 | -20.0% |
| Amounts receivable within one year | 40/41 | €114,773 | €118,841 | +€4,068 | +3.5% |
| Trade receivables | 40 | €5,747 | €8,855 | +€3,108 | +54.1% |
| Other amounts receivable | 41 | €109,026 | €109,986 | +€960 | +0.9% |
| Cash at bank and in hand | 54/58 | €49,567 | €17,877 | -€31,690 | -63.9% |
| Deferred charges and accrued income | 490/1 | €2,046 | €2,373 | +€327 | +16.0% |
| Total equity and liabilities | 10/49 | €620,724 | €548,084 | -€72,640 | -11.7% |
| Equity | 10/15 | €311,545 | €316,193 | +€4,648 | +1.5% |
| Contributions | 10/11 | €611,500 | €611,500 | = | 0.0% |
| Capital | 10 | €611,500 | €611,500 | = | 0.0% |
| Issued capital | 100 | €611,500 | €611,500 | = | 0.0% |
| Reserves | 13 | €233,754 | €231,311 | -€2,443 | -1.0% |
| Non-distributable reserves | 130/1 | €12,895 | €12,895 | = | 0.0% |
| Legal reserve | 130 | €12,895 | €12,895 | = | 0.0% |
| Tax-exempt reserves | 132 | €7,330 | €4,887 | -€2,443 | -33.3% |
| Distributable reserves | 133 | €213,529 | €213,529 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€533,709 | -€526,618 | +€7,092 | +1.3% |
| Provisions and deferred taxes | 16 | €2,443 | €1,629 | -€814 | -33.3% |
| Deferred taxes | 168 | €2,443 | €1,629 | -€814 | -33.3% |
| Amounts payable | 17/49 | €306,736 | €230,262 | -€76,474 | -24.9% |
| Amounts payable after more than one year | 17 | €166,396 | €122,715 | -€43,682 | -26.3% |
| Financial debts | 170/4 | €166,396 | €122,715 | -€43,682 | -26.3% |
| Amounts payable within one year | 42/48 | €140,339 | €107,547 | -€32,792 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €52,018 | €43,682 | -€8,336 | -16.0% |
| Trade debts | 44 | €3,766 | €2,888 | -€878 | -23.3% |
| Suppliers | 440/4 | €3,766 | €2,888 | -€878 | -23.3% |
| Taxes, remuneration and social security | 45 | €3,248 | €5,712 | +€2,464 | +75.9% |
| Taxes | 450/3 | €3,248 | €5,712 | +€2,464 | +75.9% |
| Other amounts payable | 47/48 | €81,308 | €55,266 | -€26,042 | -32.0% |
| Non-recurring operating income | 76A | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,690 | €30,885 | +€194 | +0.6% |
| Other operating charges | 640/8 | €4,435 | €5,459 | +€1,024 | +23.1% |
| Non-recurring operating charges | 66A | €105,000 | - | -€105,000 | |
| Gross operating margin | 9900 | -€2,882 | €43,750 | +€46,632 | |
| Operating profit (loss) | 9901 | -€143,007 | €7,407 | +€150,414 | |
| Financial income | 75/76B | €5,057 | €9,435 | +€4,379 | +86.6% |
| Recurring financial income | 75 | €5,057 | €9,435 | +€4,379 | +86.6% |
| Financial charges | 65/66B | €8,965 | €12,236 | +€3,271 | +36.5% |
| Recurring financial charges | 65 | €8,965 | €12,236 | +€3,271 | +36.5% |
| Profit (loss) for the period before taxes | 9903 | -€146,916 | €4,606 | +€151,522 | |
| Transfer from deferred taxes | 780 | €814 | €814 | = | 0.0% |
| Income taxes | 67/77 | €720 | €772 | +€53 | +7.3% |
| Profit (loss) for the period | 9904 | -€146,821 | €4,648 | +€151,469 | |
| Transfer from tax-exempt reserves | 789 | €2,443 | €2,443 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€144,377 | €7,092 | +€151,469 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.