TORDAS: 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.
TORDAS
Largest movements
- Tangible fixed assets -€13,644
down €13,644 (-18.5%), from €73,949 to €60,305
of which Plant, machinery and equipment: -€7,521
- Receivables within one year +€10,822
up €10,822 (+18.6%), from €58,322 to €69,144
- Cash -€3,247
down €3,247 (-27.7%), from €11,722 to €8,475
mainly Debts after one year (-€15,554) and Receivables within one year (-€10,822)
- Deferred charges and accrued income -€3,167
down €3,167 (-70.6%), from €4,484 to €1,317
- Debts after one year -€15,554
down €15,554 (-47.3%), from €32,902 to €17,349
- Reserves +€5,927
up €5,927 (+8.0%), from €73,987 to €79,914
of which Distributable reserves: +€5,927
- Tax, wage and social debts +€2,404
up €2,404 (+98.9%), from €2,432 to €4,837
of which Remuneration and social security: +€1,878
- Trade debts -€2,294
down €2,294 (-25.4%), from €9,032 to €6,738
- Gross operating margin -€4,604
down €4,604 (-16.6%), from €27,669 to €23,065
- Depreciation -€4,165
down €4,165 (-20.7%), from €20,113 to €15,948
- Taxes +€1,677
up €1,677 (+1,275%), from €132 to €1,808
- Other operating charges -€933
down €933 (-37.6%), from €2,484 to €1,551
- Financial charges -€905
down €905 (-33.3%), from €2,715 to €1,810
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €150,211 | €141,076 | -€9,135 | -6.1% |
| Fixed assets | 21/28 | €73,949 | €60,305 | -€13,644 | -18.5% |
| Tangible fixed assets | 22/27 | €73,949 | €60,305 | -€13,644 | -18.5% |
| Land and buildings | 22 | €8,205 | €6,978 | -€1,226 | -14.9% |
| Plant, machinery and equipment | 23 | €45,119 | €37,599 | -€7,521 | -16.7% |
| Furniture and vehicles | 24 | €20,625 | €15,728 | -€4,897 | -23.7% |
| Current assets | 29/58 | €76,263 | €80,771 | +€4,509 | +5.9% |
| Stocks and contracts in progress | 3 | €1,734 | €1,836 | +€101 | +5.8% |
| Stocks | 30/36 | €1,734 | €1,836 | +€101 | +5.8% |
| Amounts receivable within one year | 40/41 | €58,322 | €69,144 | +€10,822 | +18.6% |
| Other amounts receivable | 41 | €58,322 | €69,144 | +€10,822 | +18.6% |
| Cash at bank and in hand | 54/58 | €11,722 | €8,475 | -€3,247 | -27.7% |
| Deferred charges and accrued income | 490/1 | €4,484 | €1,317 | -€3,167 | -70.6% |
| Total equity and liabilities | 10/49 | €150,211 | €141,076 | -€9,135 | -6.1% |
| Equity | 10/15 | €90,672 | €96,599 | +€5,927 | +6.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €73,987 | €79,914 | +€5,927 | +8.0% |
| Non-distributable reserves | 130/1 | €434 | €434 | = | 0.0% |
| Reserves not available under the articles | 1311 | €434 | €434 | = | 0.0% |
| Distributable reserves | 133 | €73,553 | €79,480 | +€5,927 | +8.1% |
| Profit (loss) carried forward | 14 | €4,285 | €4,285 | = | 0.0% |
| Amounts payable | 17/49 | €59,539 | €44,477 | -€15,062 | -25.3% |
| Amounts payable after more than one year | 17 | €32,902 | €17,349 | -€15,554 | -47.3% |
| Financial debts | 170/4 | €32,902 | €17,349 | -€15,554 | -47.3% |
| Amounts payable within one year | 42/48 | €26,618 | €27,128 | +€510 | +1.9% |
| Current portion of amounts payable after more than one year | 42 | €15,154 | €15,554 | +€400 | +2.6% |
| Trade debts | 44 | €9,032 | €6,738 | -€2,294 | -25.4% |
| Suppliers | 440/4 | €9,032 | €6,738 | -€2,294 | -25.4% |
| Taxes, remuneration and social security | 45 | €2,432 | €4,837 | +€2,404 | +98.9% |
| Taxes | 450/3 | €1,682 | €2,209 | +€526 | +31.3% |
| Remuneration and social security | 454/9 | €750 | €2,628 | +€1,878 | +250% |
| Accrued charges and deferred income | 492/3 | €19 | - | -€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,113 | €15,948 | -€4,165 | -20.7% |
| Other operating charges | 640/8 | €2,484 | €1,551 | -€933 | -37.6% |
| Gross operating margin | 9900 | €27,669 | €23,065 | -€4,604 | -16.6% |
| Operating profit (loss) | 9901 | €5,071 | €5,566 | +€495 | +9.8% |
| Financial income | 75/76B | €3,268 | €3,979 | +€711 | +21.8% |
| Recurring financial income | 75 | €3,268 | €3,979 | +€711 | +21.8% |
| Financial charges | 65/66B | €2,715 | €1,810 | -€905 | -33.3% |
| Recurring financial charges | 65 | €2,715 | €1,810 | -€905 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €5,625 | €7,735 | +€2,111 | +37.5% |
| Income taxes | 67/77 | €132 | €1,808 | +€1,677 | +1,275% |
| Profit (loss) for the period | 9904 | €5,493 | €5,927 | +€434 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €5,493 | €5,927 | +€434 | +7.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.