TORBAC: 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.
TORBAC
Largest movements
- Receivables within one year -€6,356
down €6,356 (-12.1%), from €52,555 to €46,198
of which Trade receivables: -€7,326
- Tangible fixed assets -€1,865
down €1,865 (-58.3%), from €3,196 to €1,331
of which Furniture and vehicles: -€1,165
- Trade debts -€6,365
down €6,365 (-16.8%), from €37,802 to €31,438
- Profit (loss) carried forward -€1,856
down €1,856 (-2.4%), from €78,904 to €77,048
- Gross operating margin -€2,322
no longer reported in 2025 (was €2,322)
- Financial charges -€2,195
down €2,195, from €2,187 to -€8
- Other operating charges -€407
no longer reported in 2025 (was €407)
- Depreciation -€26
down €26 (-1.4%), from €1,891 to €1,865
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,945 | €112,724 | -€8,221 | -6.8% |
| Fixed assets | 21/28 | €68,390 | €66,525 | -€1,865 | -2.7% |
| Tangible fixed assets | 22/27 | €3,196 | €1,331 | -€1,865 | -58.3% |
| Plant, machinery and equipment | 23 | €717 | €17 | -€699 | -97.6% |
| Furniture and vehicles | 24 | €2,479 | €1,314 | -€1,165 | -47.0% |
| Financial fixed assets | 28 | €65,194 | €65,194 | = | 0.0% |
| Current assets | 29/58 | €52,555 | €46,198 | -€6,356 | -12.1% |
| Amounts receivable within one year | 40/41 | €52,555 | €46,198 | -€6,356 | -12.1% |
| Trade receivables | 40 | €21,860 | €14,534 | -€7,326 | -33.5% |
| Other amounts receivable | 41 | €30,694 | €31,664 | +€970 | +3.2% |
| Total equity and liabilities | 10/49 | €120,945 | €112,724 | -€8,221 | -6.8% |
| Equity | 10/15 | €79,404 | €77,548 | -€1,856 | -2.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €78,904 | €77,048 | -€1,856 | -2.4% |
| Amounts payable | 17/49 | €41,541 | €35,176 | -€6,365 | -15.3% |
| Amounts payable within one year | 42/48 | €41,541 | €35,176 | -€6,365 | -15.3% |
| Financial debts | 43 | €2,019 | €2,019 | = | 0.0% |
| Credit institutions | 430/8 | €2,019 | €2,019 | = | 0.0% |
| Trade debts | 44 | €37,802 | €31,438 | -€6,365 | -16.8% |
| Suppliers | 440/4 | €37,802 | €31,438 | -€6,365 | -16.8% |
| Other amounts payable | 47/48 | €1,719 | €1,719 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,891 | €1,865 | -€26 | -1.4% |
| Other operating charges | 640/8 | €407 | - | -€407 | |
| Gross operating margin | 9900 | €2,322 | - | -€2,322 | |
| Operating profit (loss) | 9901 | €25 | -€1,865 | -€1,889 | |
| Financial charges | 65/66B | €2,187 | -€8 | -€2,195 | |
| Recurring financial charges | 65 | €2,187 | -€8 | -€2,195 | |
| Profit (loss) for the period before taxes | 9903 | -€2,162 | -€1,856 | +€306 | +14.1% |
| Profit (loss) for the period | 9904 | -€2,162 | -€1,856 | +€306 | +14.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,162 | -€1,856 | +€306 | +14.1% |
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 9 October 2026 via checked.be.