TORCULAR: 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.
TORCULAR
Largest movements
- Receivables within one year -€3,462
down €3,462 (-13.1%), from €26,353 to €22,891
of which Other amounts receivable: -€3,462
- Cash -€3,359
down €3,359 (-96.0%), from €3,498 to €139
mainly Net result for the year (-€20,262)
- Intangible fixed assets -€3,224
down €3,224 (-24.3%), from €13,273 to €10,049
- Profit (loss) carried forward -€20,262
down €20,262 (-49.8%), from -€40,717 to -€60,979
- Other debts +€9,497
up €9,497 (+9.1%), from €103,853 to €113,350
- Gross operating margin -€16,425
down €16,425, from €261 to -€16,165
- Depreciation +€544
up €544 (+18.8%), from €2,890 to €3,434
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.
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 | €68,791 | €58,537 | -€10,254 | -14.9% |
| Fixed assets | 21/28 | €13,545 | €10,111 | -€3,434 | -25.4% |
| Intangible fixed assets | 21 | €13,273 | €10,049 | -€3,224 | -24.3% |
| Tangible fixed assets | 22/27 | €272 | €62 | -€210 | -77.2% |
| Furniture and vehicles | 24 | €272 | €62 | -€210 | -77.2% |
| Current assets | 29/58 | €55,247 | €48,427 | -€6,820 | -12.3% |
| Stocks and contracts in progress | 3 | €25,396 | €25,396 | = | 0.0% |
| Stocks | 30/36 | €25,396 | €25,396 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €26,353 | €22,891 | -€3,462 | -13.1% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €26,353 | €22,891 | -€3,462 | -13.1% |
| Cash at bank and in hand | 54/58 | €3,498 | €139 | -€3,359 | -96.0% |
| Total equity and liabilities | 10/49 | €68,791 | €58,537 | -€10,254 | -14.9% |
| Equity | 10/15 | -€38,717 | -€58,979 | -€20,262 | -52.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,717 | -€60,979 | -€20,262 | -49.8% |
| Amounts payable | 17/49 | €107,508 | €117,516 | +€10,008 | +9.3% |
| Amounts payable within one year | 42/48 | €107,508 | €117,516 | +€10,008 | +9.3% |
| Trade debts | 44 | €3,655 | €4,167 | +€511 | +14.0% |
| Suppliers | 440/4 | €3,655 | €4,167 | +€511 | +14.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €103,853 | €113,350 | +€9,497 | +9.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,890 | €3,434 | +€544 | +18.8% |
| Other operating charges | 640/8 | €566 | €579 | +€12 | +2.2% |
| Gross operating margin | 9900 | €261 | -€16,165 | -€16,425 | |
| Operating profit (loss) | 9901 | -€3,195 | -€20,177 | -€16,982 | -531.5% |
| Financial charges | 65/66B | €214 | €85 | -€129 | -60.1% |
| Recurring financial charges | 65 | €214 | €85 | -€129 | -60.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,409 | -€20,262 | -€16,853 | -494.3% |
| Profit (loss) for the period | 9904 | -€3,409 | -€20,262 | -€16,853 | -494.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,409 | -€20,262 | -€16,853 | -494.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.