TORCK C&K: 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.
TORCK C&K
Largest movements
- Cash -€220,106
down €220,106 (-11.1%), from €2.0m to €1.8m
mainly Contributions, distributions and other (-€1.0m) and Current investments (-€84,491)
- Current investments +€84,491
up €84,491 (+25.7%), from €328,131 to €412,622
- Reserves -€718,903
down €718,903 (-18.7%), from €3.8m to €3.1m
of which Distributable reserves: -€718,903
- Other debts +€559,665
up €559,665 (+136%), from €410,515 to €970,180
- Tax, wage and social debts +€85,917
up €85,917 (+195%), from €44,101 to €130,017
- Gross operating margin -€235,394
down €235,394 (-37.1%), from €634,415 to €399,021
- Taxes -€69,639
down €69,639 (-33.4%), from €208,684 to €139,046
- Financial charges -€17,356
down €17,356 (-75.4%), from €23,022 to €5,666
- Financial income -€9,244
down €9,244 (-9.9%), from €93,391 to €84,146
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 | €6,046,337 | €5,940,906 | -€105,431 | -1.7% |
| Fixed assets | 21/28 | €2,369,000 | €2,334,500 | -€34,500 | -1.5% |
| Tangible fixed assets | 22/27 | €241,500 | €207,000 | -€34,500 | -14.3% |
| Land and buildings | 22 | €241,500 | €207,000 | -€34,500 | -14.3% |
| Financial fixed assets | 28 | €2,127,500 | €2,127,500 | = | 0.0% |
| Current assets | 29/58 | €3,677,337 | €3,606,406 | -€70,931 | -1.9% |
| Amounts receivable after more than one year | 29 | €1,322,603 | €1,344,776 | +€22,174 | +1.7% |
| Other amounts receivable | 291 | €1,322,603 | €1,344,776 | +€22,174 | +1.7% |
| Amounts receivable within one year | 40/41 | €29,200 | €24,200 | -€5,000 | -17.1% |
| Trade receivables | 40 | €24,200 | €24,200 | = | 0.0% |
| Other amounts receivable | 41 | €5,000 | - | -€5,000 | |
| Current investments | 50/53 | €328,131 | €412,622 | +€84,491 | +25.7% |
| Cash at bank and in hand | 54/58 | €1,979,821 | €1,759,716 | -€220,106 | -11.1% |
| Deferred charges and accrued income | 490/1 | €17,583 | €65,092 | +€47,509 | +270% |
| Total equity and liabilities | 10/49 | €6,046,337 | €5,940,906 | -€105,431 | -1.7% |
| Equity | 10/15 | €5,405,733 | €4,686,830 | -€718,903 | -13.3% |
| Contributions | 10/11 | €1,568,000 | €1,568,000 | = | 0.0% |
| Reserves | 13 | €3,836,776 | €3,117,873 | -€718,903 | -18.7% |
| Tax-exempt reserves | 132 | €4,460 | €4,460 | = | 0.0% |
| Distributable reserves | 133 | €3,832,316 | €3,113,414 | -€718,903 | -18.8% |
| Profit (loss) carried forward | 14 | €957 | €957 | = | 0.0% |
| Amounts payable | 17/49 | €640,604 | €1,254,076 | +€613,471 | +95.8% |
| Amounts payable after more than one year | 17 | €104,000 | €52,000 | -€52,000 | -50.0% |
| Financial debts | 170/4 | €104,000 | €52,000 | -€52,000 | -50.0% |
| Amounts payable within one year | 42/48 | €516,654 | €1,163,510 | +€646,855 | +125% |
| Current portion of amounts payable after more than one year | 42 | €52,000 | €52,000 | = | 0.0% |
| Financial debts | 43 | - | €4 | +€4 | |
| Credit institutions | 430/8 | - | €4 | +€4 | |
| Trade debts | 44 | €10,039 | €11,309 | +€1,270 | +12.6% |
| Suppliers | 440/4 | €10,039 | €11,309 | +€1,270 | +12.6% |
| Taxes, remuneration and social security | 45 | €44,101 | €130,017 | +€85,917 | +195% |
| Taxes | 450/3 | €44,101 | €130,017 | +€85,917 | +195% |
| Other amounts payable | 47/48 | €410,515 | €970,180 | +€559,665 | +136% |
| Accrued charges and deferred income | 492/3 | €19,950 | €38,566 | +€18,616 | +93.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,500 | €34,500 | = | 0.0% |
| Other operating charges | 640/8 | €4,410 | €4,478 | +€68 | +1.5% |
| Gross operating margin | 9900 | €634,415 | €399,021 | -€235,394 | -37.1% |
| Operating profit (loss) | 9901 | €595,505 | €360,043 | -€235,462 | -39.5% |
| Financial income | 75/76B | €93,391 | €84,146 | -€9,244 | -9.9% |
| Recurring financial income | 75 | €93,391 | €84,146 | -€9,244 | -9.9% |
| Financial charges | 65/66B | €23,022 | €5,666 | -€17,356 | -75.4% |
| Recurring financial charges | 65 | €23,022 | €5,666 | -€17,356 | -75.4% |
| Profit (loss) for the period before taxes | 9903 | €665,874 | €438,524 | -€227,350 | -34.1% |
| Income taxes | 67/77 | €208,684 | €139,046 | -€69,639 | -33.4% |
| Profit (loss) for the period | 9904 | €457,189 | €299,478 | -€157,711 | -34.5% |
| Profit (loss) for the period to be appropriated | 9905 | €457,189 | €299,478 | -€157,711 | -34.5% |
Source: filed annual accounts (NBB), financial years ended 31 May 2024 and 31 May 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.