Toraxx: 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.
Toraxx
Largest movements
- Cash +€98,371
up €98,371 (+81.0%), from €121,507 to €219,878
mainly Net result for the year (+€95,101) and Depreciation (+€45,434)
- Receivables within one year +€35,968
up €35,968 (+60.3%), from €59,658 to €95,626
of which Trade receivables: +€35,968
- Tangible fixed assets -€33,434
down €33,434 (-25.3%), from €132,229 to €98,796
of which Furniture and vehicles: -€41,596
- Stocks and contracts +€11,295
up €11,295 (+8.2%), from €137,138 to €148,433
- Reserves +€95,101
up €95,101 (+40.4%), from €235,557 to €330,659
of which Distributable reserves: +€95,101
- Tax, wage and social debts +€32,864
up €32,864 (+267%), from €12,314 to €45,178
- Trade debts +€18,078
up €18,078 (+188%), from €9,605 to €27,683
- Debts after one year -€17,386
down €17,386 (-74.9%), from €23,206 to €5,820
- Other debts -€10,427
down €10,427 (-9.5%), from €110,084 to €99,657
- Gross operating margin +€100,456
up €100,456 (+117%), from €86,060 to €186,516
- Taxes +€24,089
up €24,089 (+204%), from €11,801 to €35,890
- Financial charges +€8,325
up €8,325 (+1,157%), from €720 to €9,044
- Financial income +€3,584
up €3,584 (+35,843,200%), from €0 to €3,584
- Depreciation -€2,799
down €2,799 (-5.8%), from €48,232 to €45,434
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 | €452,470 | €565,825 | +€113,355 | +25.1% |
| Fixed assets | 21/28 | €132,229 | €98,796 | -€33,434 | -25.3% |
| Tangible fixed assets | 22/27 | €132,229 | €98,796 | -€33,434 | -25.3% |
| Land and buildings | 22 | €15,162 | €25,020 | +€9,857 | +65.0% |
| Plant, machinery and equipment | 23 | €4,553 | €2,858 | -€1,695 | -37.2% |
| Furniture and vehicles | 24 | €112,514 | €70,918 | -€41,596 | -37.0% |
| Current assets | 29/58 | €320,240 | €467,029 | +€146,789 | +45.8% |
| Stocks and contracts in progress | 3 | €137,138 | €148,433 | +€11,295 | +8.2% |
| Stocks | 30/36 | €137,138 | €148,433 | +€11,295 | +8.2% |
| Amounts receivable within one year | 40/41 | €59,658 | €95,626 | +€35,968 | +60.3% |
| Trade receivables | 40 | €59,568 | €95,536 | +€35,968 | +60.4% |
| Other amounts receivable | 41 | €90 | €90 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €121,507 | €219,878 | +€98,371 | +81.0% |
| Deferred charges and accrued income | 490/1 | €1,938 | €3,092 | +€1,155 | +59.6% |
| Total equity and liabilities | 10/49 | €452,470 | €565,825 | +€113,355 | +25.1% |
| Equity | 10/15 | €254,157 | €349,259 | +€95,101 | +37.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €235,557 | €330,659 | +€95,101 | +40.4% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Other | 1319 | €0 | - | = | |
| Distributable reserves | 133 | €235,557 | €330,659 | +€95,101 | +40.4% |
| Provisions and deferred taxes | 16 | €5,062 | €5,062 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €5,062 | €5,062 | = | 0.0% |
| Pensions and similar obligations | 160 | €5,062 | €5,062 | = | 0.0% |
| Amounts payable | 17/49 | €193,250 | €211,504 | +€18,254 | +9.4% |
| Amounts payable after more than one year | 17 | €23,206 | €5,820 | -€17,386 | -74.9% |
| Financial debts | 170/4 | €23,206 | €5,820 | -€17,386 | -74.9% |
| Amounts payable within one year | 42/48 | €149,277 | €189,904 | +€40,627 | +27.2% |
| Current portion of amounts payable after more than one year | 42 | €17,274 | €17,386 | +€112 | +0.6% |
| Trade debts | 44 | €9,605 | €27,683 | +€18,078 | +188% |
| Suppliers | 440/4 | €9,605 | €27,683 | +€18,078 | +188% |
| Taxes, remuneration and social security | 45 | €12,314 | €45,178 | +€32,864 | +267% |
| Taxes | 450/3 | €12,314 | €45,178 | +€32,864 | +267% |
| Other amounts payable | 47/48 | €110,084 | €99,657 | -€10,427 | -9.5% |
| Accrued charges and deferred income | 492/3 | €20,767 | €15,779 | -€4,988 | -24.0% |
| Remuneration, social security and pensions | 62 | €110 | €427 | +€318 | +290% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €48,232 | €45,434 | -€2,799 | -5.8% |
| Other operating charges | 640/8 | €2,471 | €4,204 | +€1,733 | +70.1% |
| Gross operating margin | 9900 | €86,060 | €186,516 | +€100,456 | +117% |
| Operating profit (loss) | 9901 | €35,247 | €136,451 | +€101,205 | +287% |
| Financial income | 75/76B | €0 | €3,584 | +€3,584 | +35,843,200% |
| Recurring financial income | 75 | €0 | €3,584 | +€3,584 | +35,843,200% |
| Financial charges | 65/66B | €720 | €9,044 | +€8,325 | +1,157% |
| Recurring financial charges | 65 | €720 | €9,044 | +€8,325 | +1,157% |
| Profit (loss) for the period before taxes | 9903 | €34,527 | €130,991 | +€96,464 | +279% |
| Income taxes | 67/77 | €11,801 | €35,890 | +€24,089 | +204% |
| Profit (loss) for the period | 9904 | €22,726 | €95,101 | +€72,375 | +318% |
| Profit (loss) for the period to be appropriated | 9905 | €22,726 | €95,101 | +€72,375 | +318% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.