TORDEURS: 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.
TORDEURS
Largest movements
- Tangible fixed assets -€26,105
down €26,105 (-46.5%), from €56,088 to €29,983
of which Other tangible fixed assets: -€22,000
- Receivables within one year +€6,147
up €6,147 (+174.9%), from €3,515 to €9,662
- Deferred charges and accrued income -€2,800
no longer reported in 2024 (was €2,800)
- Cash +€1,358
up €1,358 (+100.2%), from €1,356 to €2,714
mainly Depreciation (+€26,105) and Net result for the year (+€11,207)
- Debts after one year -€32,016
down €32,016 (-45.9%), from €69,736 to €37,721
- Profit (loss) carried forward +€20,860
up €20,860 (+14.4%), from -€144,489 to -€123,629
- Reserves -€9,652
down €9,652 (-42.8%), from €22,565 to €12,913
of which Tax-exempt reserves: -€9,652
- Provisions -€3,217
down €3,217 (-50.0%), from €6,437 to €3,219
- Current portion of long-term debt +€1,472
up €1,472 (+4.8%), from €30,544 to €32,016
- Gross operating margin -€8,861
down €8,861 (-17.0%), from €52,185 to €43,325
- Depreciation -€2,390
down €2,390 (-8.4%), from €28,495 to €26,105
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.
Cash bridge derived
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 | €63,758 | €42,359 | -€21,400 | -33.6% |
| Fixed assets | 21/28 | €56,088 | €29,983 | -€26,105 | -46.5% |
| Tangible fixed assets | 22/27 | €56,088 | €29,983 | -€26,105 | -46.5% |
| Plant, machinery and equipment | 23 | €11,736 | €7,867 | -€3,869 | -33.0% |
| Furniture and vehicles | 24 | €351 | €116 | -€236 | -67.0% |
| Other tangible fixed assets | 26 | €44,000 | €22,000 | -€22,000 | -50.0% |
| Current assets | 29/58 | €7,671 | €12,376 | +€4,705 | +61.3% |
| Amounts receivable within one year | 40/41 | €3,515 | €9,662 | +€6,147 | +174.9% |
| Other amounts receivable | 41 | €3,515 | €9,662 | +€6,147 | +174.9% |
| Cash at bank and in hand | 54/58 | €1,356 | €2,714 | +€1,358 | +100.2% |
| Deferred charges and accrued income | 490/1 | €2,800 | - | -€2,800 | |
| Total equity and liabilities | 10/49 | €63,758 | €42,359 | -€21,400 | -33.6% |
| Equity | 10/15 | -€51,923 | -€40,716 | +€11,207 | +21.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Capital | 10 | €70,000 | €70,000 | = | 0.0% |
| Issued capital | 100 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €22,565 | €12,913 | -€9,652 | -42.8% |
| Non-distributable reserves | 130/1 | €3,254 | €3,254 | = | 0.0% |
| Legal reserve | 130 | €3,254 | €3,254 | = | 0.0% |
| Tax-exempt reserves | 132 | €19,311 | €9,658 | -€9,652 | -50.0% |
| Profit (loss) carried forward | 14 | -€144,489 | -€123,629 | +€20,860 | +14.4% |
| Provisions and deferred taxes | 16 | €6,437 | €3,219 | -€3,217 | -50.0% |
| Deferred taxes | 168 | €6,437 | €3,219 | -€3,217 | -50.0% |
| Amounts payable | 17/49 | €109,245 | €79,855 | -€29,390 | -26.9% |
| Amounts payable after more than one year | 17 | €69,736 | €37,721 | -€32,016 | -45.9% |
| Financial debts | 170/4 | €69,736 | €37,721 | -€32,016 | -45.9% |
| Amounts payable within one year | 42/48 | €38,544 | €40,806 | +€2,262 | +5.9% |
| Current portion of amounts payable after more than one year | 42 | €30,544 | €32,016 | +€1,472 | +4.8% |
| Trade debts | 44 | - | €790 | +€790 | |
| Suppliers | 440/4 | - | €790 | +€790 | |
| Other amounts payable | 47/48 | €8,000 | €8,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €965 | €1,329 | +€364 | +37.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,495 | €26,105 | -€2,390 | -8.4% |
| Other operating charges | 640/8 | €4,384 | €4,549 | +€165 | +3.8% |
| Gross operating margin | 9900 | €52,185 | €43,325 | -€8,861 | -17.0% |
| Operating profit (loss) | 9901 | €19,307 | €12,671 | -€6,636 | -34.4% |
| Financial income | 75/76B | €93 | - | -€93 | |
| Recurring financial income | 75 | €93 | - | -€93 | |
| Financial charges | 65/66B | €4,908 | €4,681 | -€227 | -4.6% |
| Recurring financial charges | 65 | €4,908 | €4,681 | -€227 | -4.6% |
| Profit (loss) for the period before taxes | 9903 | €14,492 | €7,990 | -€6,502 | -44.9% |
| Transfer from deferred taxes | 780 | €3,217 | €3,217 | = | 0.0% |
| Profit (loss) for the period | 9904 | €17,709 | €11,207 | -€6,502 | -36.7% |
| Transfer from tax-exempt reserves | 789 | €9,652 | €9,652 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €27,362 | €20,860 | -€6,502 | -23.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.