TORELIO: 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.
TORELIO
Largest movements
- Receivables within one year +€15,905
up €15,905 (+182.7%), from €8,703 to €24,608
of which Trade receivables: +€14,823
- Intangible fixed assets -€14,400
no longer reported in 2025 (was €14,400)
- Cash -€7,988
down €7,988 (-27.2%), from €29,355 to €21,367
mainly Contributions, distributions and other (-€18,000) and Current portion of long-term debt (-€16,956)
- Tangible fixed assets -€6,038
down €6,038 (-39.3%), from €15,355 to €9,317
- Deferred charges and accrued income +€1,780
new in 2025: €1,780
- Current portion of long-term debt -€16,956
down €16,956 (-68.8%), from €24,647 to €7,691
- Other debts +€10,000
up €10,000 (+125.0%), from €8,000 to €18,000
- Debts after one year -€5,773
no longer reported in 2025 (was €5,773)
- Tax, wage and social debts +€3,739
up €3,739 (+78.7%), from €4,750 to €8,489
- Profit (loss) carried forward -€3,483
down €3,483 (-90.7%), from €3,841 to €358
- Depreciation -€7,372
down €7,372 (-26.9%), from €27,418 to €20,046
- Taxes +€2,547
up €2,547 (+51.9%), from €4,907 to €7,455
- Gross operating margin -€2,331
down €2,331 (-5.1%), from €45,608 to €43,277
- Financial charges -€508
down €508 (-44.4%), from €1,144 to €636
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 | €67,857 | €57,072 | -€10,785 | -15.9% |
| Fixed assets | 21/28 | €29,799 | €9,317 | -€20,481 | -68.7% |
| Intangible fixed assets | 21 | €14,400 | - | -€14,400 | |
| Tangible fixed assets | 22/27 | €15,355 | €9,317 | -€6,038 | -39.3% |
| Furniture and vehicles | 24 | €15,355 | €9,317 | -€6,038 | -39.3% |
| Financial fixed assets | 28 | €43 | - | -€43 | |
| Current assets | 29/58 | €38,059 | €47,755 | +€9,696 | +25.5% |
| Amounts receivable within one year | 40/41 | €8,703 | €24,608 | +€15,905 | +182.7% |
| Trade receivables | 40 | €6,655 | €21,478 | +€14,823 | +222.7% |
| Other amounts receivable | 41 | €2,048 | €3,130 | +€1,082 | +52.8% |
| Cash at bank and in hand | 54/58 | €29,355 | €21,367 | -€7,988 | -27.2% |
| Deferred charges and accrued income | 490/1 | - | €1,780 | +€1,780 | |
| Total equity and liabilities | 10/49 | €67,857 | €57,072 | -€10,785 | -15.9% |
| Equity | 10/15 | €24,301 | €20,818 | -€3,483 | -14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €3,841 | €358 | -€3,483 | -90.7% |
| Amounts payable | 17/49 | €43,556 | €36,254 | -€7,302 | -16.8% |
| Amounts payable after more than one year | 17 | €5,773 | - | -€5,773 | |
| Financial debts | 170/4 | €5,773 | - | -€5,773 | |
| Amounts payable within one year | 42/48 | €37,783 | €36,254 | -€1,529 | -4.0% |
| Current portion of amounts payable after more than one year | 42 | €24,647 | €7,691 | -€16,956 | -68.8% |
| Financial debts | 43 | - | €638 | +€638 | |
| Credit institutions | 430/8 | - | €638 | +€638 | |
| Trade debts | 44 | €386 | €1,436 | +€1,050 | +272.4% |
| Suppliers | 440/4 | €386 | €1,436 | +€1,050 | +272.4% |
| Taxes, remuneration and social security | 45 | €4,750 | €8,489 | +€3,739 | +78.7% |
| Taxes | 450/3 | €4,750 | €8,489 | +€3,739 | +78.7% |
| Other amounts payable | 47/48 | €8,000 | €18,000 | +€10,000 | +125.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,418 | €20,046 | -€7,372 | -26.9% |
| Other operating charges | 640/8 | €682 | €501 | -€182 | -26.6% |
| Non-recurring operating charges | 66A | - | €392 | +€392 | |
| Gross operating margin | 9900 | €45,608 | €43,277 | -€2,331 | -5.1% |
| Operating profit (loss) | 9901 | €17,508 | €22,339 | +€4,831 | +27.6% |
| Financial income | 75/76B | €209 | €269 | +€60 | +28.6% |
| Recurring financial income | 75 | €209 | €269 | +€60 | +28.6% |
| Financial charges | 65/66B | €1,144 | €636 | -€508 | -44.4% |
| Recurring financial charges | 65 | €1,144 | €636 | -€508 | -44.4% |
| Profit (loss) for the period before taxes | 9903 | €16,573 | €21,971 | +€5,399 | +32.6% |
| Income taxes | 67/77 | €4,907 | €7,455 | +€2,547 | +51.9% |
| Profit (loss) for the period | 9904 | €11,665 | €14,517 | +€2,852 | +24.4% |
| Profit (loss) for the period to be appropriated | 9905 | €11,665 | €14,517 | +€2,852 | +24.4% |
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 11 October 2026 via checked.be.