Toran: 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.
Toran
Largest movements
- Receivables within one year -€410,457
down €410,457 (-48.9%), from €838,811 to €428,354
of which Trade receivables: -€400,615
- Tangible fixed assets +€322,593
up €322,593 (+39.8%), from €810,703 to €1.1m
of which Furniture and vehicles: +€328,324
- Intangible fixed assets -€98,399
down €98,399 (-17.8%), from €553,360 to €454,960
- Debts after one year +€715,623
up €715,623 (+147%), from €486,081 to €1.2m
of which Advances received on contracts in progress: +€622,155
- Trade debts -€463,138
down €463,138 (-69.1%), from €669,839 to €206,700
- Accrued charges and deferred income -€437,069
down €437,069 (-99.9%), from €437,431 to €362
- Other debts -€53,357
down €53,357 (-100%), from €53,357 to €0
- Profit (loss) carried forward +€40,575
up €40,575, from -€40,575 to €0
- Gross operating margin +€127,826
up €127,826 (+39.4%), from €324,714 to €452,540
- Depreciation +€102,983
up €102,983 (+83.0%), from €124,112 to €227,095
- Financial charges +€15,605
up €15,605 (+86.1%), from €18,120 to €33,726
- Other operating charges -€7,611
down €7,611 (-73.7%), from €10,332 to €2,721
- Staff costs -€6,167
down €6,167 (-4.1%), from €150,389 to €144,223
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 | €2,316,206 | €2,148,806 | -€167,399 | -7.2% |
| Fixed assets | 21/28 | €1,365,623 | €1,589,816 | +€224,193 | +16.4% |
| Intangible fixed assets | 21 | €553,360 | €454,960 | -€98,399 | -17.8% |
| Tangible fixed assets | 22/27 | €810,703 | €1,133,296 | +€322,593 | +39.8% |
| Land and buildings | 22 | €15,279 | €0 | -€15,279 | -100% |
| Plant, machinery and equipment | 23 | €2,050 | €2,425 | +€375 | +18.3% |
| Furniture and vehicles | 24 | €722,804 | €1,051,128 | +€328,324 | +45.4% |
| Other tangible fixed assets | 26 | €70,570 | €79,743 | +€9,173 | +13.0% |
| Financial fixed assets | 28 | €1,560 | €1,560 | = | 0.0% |
| Current assets | 29/58 | €950,583 | €558,990 | -€391,593 | -41.2% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €838,811 | €428,354 | -€410,457 | -48.9% |
| Trade receivables | 40 | €795,665 | €395,050 | -€400,615 | -50.3% |
| Other amounts receivable | 41 | €43,146 | €33,304 | -€9,842 | -22.8% |
| Cash at bank and in hand | 54/58 | €74,776 | €82,365 | +€7,589 | +10.1% |
| Deferred charges and accrued income | 490/1 | €36,996 | €48,272 | +€11,276 | +30.5% |
| Total equity and liabilities | 10/49 | €2,316,206 | €2,148,806 | -€167,399 | -7.2% |
| Equity | 10/15 | €363,176 | €408,314 | +€45,139 | +12.4% |
| Contributions | 10/11 | €365,000 | €365,000 | = | 0.0% |
| Reserves | 13 | €38,751 | €43,314 | +€4,564 | +11.8% |
| Distributable reserves | 133 | €38,751 | €43,314 | +€4,564 | +11.8% |
| Profit (loss) carried forward | 14 | -€40,575 | €0 | +€40,575 | |
| Amounts payable | 17/49 | €1,953,030 | €1,740,492 | -€212,538 | -10.9% |
| Amounts payable after more than one year | 17 | €486,081 | €1,201,704 | +€715,623 | +147% |
| Financial debts | 170/4 | €486,081 | €579,549 | +€93,468 | +19.2% |
| Advances received on contracts in progress | 176 | - | €622,155 | +€622,155 | |
| Amounts payable within one year | 42/48 | €1,029,518 | €538,427 | -€491,092 | -47.7% |
| Current portion of amounts payable after more than one year | 42 | €124,869 | €163,866 | +€38,997 | +31.2% |
| Financial debts | 43 | €130,074 | €125,000 | -€5,074 | -3.9% |
| Credit institutions | 430/8 | €130,074 | €125,000 | -€5,074 | -3.9% |
| Trade debts | 44 | €669,839 | €206,700 | -€463,138 | -69.1% |
| Suppliers | 440/4 | €669,839 | €206,700 | -€463,138 | -69.1% |
| Taxes, remuneration and social security | 45 | €51,379 | €42,860 | -€8,519 | -16.6% |
| Taxes | 450/3 | €30,124 | €23,647 | -€6,478 | -21.5% |
| Remuneration and social security | 454/9 | €21,255 | €19,213 | -€2,042 | -9.6% |
| Other amounts payable | 47/48 | €53,357 | €0 | -€53,357 | -100% |
| Accrued charges and deferred income | 492/3 | €437,431 | €362 | -€437,069 | -99.9% |
| Remuneration, social security and pensions | 62 | €150,389 | €144,223 | -€6,167 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €124,112 | €227,095 | +€102,983 | +83.0% |
| Other operating charges | 640/8 | €10,332 | €2,721 | -€7,611 | -73.7% |
| Gross operating margin | 9900 | €324,714 | €452,540 | +€127,826 | +39.4% |
| Operating profit (loss) | 9901 | €39,880 | €78,501 | +€38,621 | +96.8% |
| Financial income | 75/76B | €531 | €363 | -€168 | -31.6% |
| Recurring financial income | 75 | €531 | €363 | -€168 | -31.6% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €18,120 | €33,726 | +€15,605 | +86.1% |
| Recurring financial charges | 65 | €18,120 | €33,726 | +€15,605 | +86.1% |
| Profit (loss) for the period before taxes | 9903 | €22,291 | €45,139 | +€22,848 | +102% |
| Income taxes | 67/77 | €4,460 | €0 | -€4,460 | -100% |
| Profit (loss) for the period | 9904 | €17,831 | €45,139 | +€27,308 | +153% |
| Profit (loss) for the period to be appropriated | 9905 | €17,831 | €45,139 | +€27,308 | +153% |
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.