TORENHUIS: 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.
TORENHUIS
Largest movements
- Cash -€47,679
down €47,679 (-79.4%), from €60,033 to €12,354
mainly Debts after one year (-€64,845) and Investment in fixed assets (net) (-€32,775)
- Tangible fixed assets +€13,598
up €13,598 (+2.0%), from €664,572 to €678,171
of which Furniture and vehicles: +€10,027
- Debts after one year -€64,845
down €64,845 (-11.1%), from €586,762 to €521,917
- Accrued charges and deferred income +€45,600
up €45,600, from €0 to €45,600
- Tax, wage and social debts -€13,101
down €13,101 (-74.4%), from €17,605 to €4,504
of which Taxes: -€13,951
- Staff costs +€13,385
up €13,385 (+400%), from €3,348 to €16,734
- Taxes -€3,317
down €3,317 (-63.6%), from €5,215 to €1,898
- Financial charges -€2,075
down €2,075 (-9.3%), from €22,433 to €20,358
- Other operating charges +€1,078
up €1,078 (+15.4%), from €7,007 to €8,084
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 | €736,596 | €700,850 | -€35,746 | -4.9% |
| Fixed assets | 21/28 | €664,572 | €678,171 | +€13,598 | +2.0% |
| Tangible fixed assets | 22/27 | €664,572 | €678,171 | +€13,598 | +2.0% |
| Land and buildings | 22 | €646,935 | €652,986 | +€6,051 | +0.9% |
| Plant, machinery and equipment | 23 | €5,756 | €3,276 | -€2,480 | -43.1% |
| Furniture and vehicles | 24 | €11,881 | €21,909 | +€10,027 | +84.4% |
| Current assets | 29/58 | €72,024 | €22,680 | -€49,344 | -68.5% |
| Stocks and contracts in progress | 3 | €3,562 | €2,396 | -€1,166 | -32.7% |
| Stocks | 30/36 | €3,562 | €2,396 | -€1,166 | -32.7% |
| Amounts receivable within one year | 40/41 | €8,429 | €7,930 | -€499 | -5.9% |
| Trade receivables | 40 | €8,429 | €6,256 | -€2,173 | -25.8% |
| Other amounts receivable | 41 | - | €1,674 | +€1,674 | |
| Cash at bank and in hand | 54/58 | €60,033 | €12,354 | -€47,679 | -79.4% |
| Total equity and liabilities | 10/49 | €736,596 | €700,850 | -€35,746 | -4.9% |
| Equity | 10/15 | €43,292 | €49,457 | +€6,164 | +14.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,797 | €21,961 | +€6,164 | +39.0% |
| Distributable reserves | 133 | €15,797 | €21,961 | +€6,164 | +39.0% |
| Profit (loss) carried forward | 14 | €8,895 | €8,895 | = | 0.0% |
| Amounts payable | 17/49 | €693,304 | €651,394 | -€41,910 | -6.0% |
| Amounts payable after more than one year | 17 | €586,762 | €521,917 | -€64,845 | -11.1% |
| Financial debts | 170/4 | €586,762 | €521,917 | -€64,845 | -11.1% |
| Amounts payable within one year | 42/48 | €106,542 | €83,877 | -€22,665 | -21.3% |
| Current portion of amounts payable after more than one year | 42 | €28,763 | €24,845 | -€3,918 | -13.6% |
| Financial debts | 43 | €2,528 | €1,171 | -€1,357 | -53.7% |
| Credit institutions | 430/8 | €2,528 | €1,171 | -€1,357 | -53.7% |
| Trade debts | 44 | €14,879 | €9,168 | -€5,711 | -38.4% |
| Suppliers | 440/4 | €14,879 | €9,168 | -€5,711 | -38.4% |
| Taxes, remuneration and social security | 45 | €17,605 | €4,504 | -€13,101 | -74.4% |
| Taxes | 450/3 | €16,062 | €2,111 | -€13,951 | -86.9% |
| Remuneration and social security | 454/9 | €1,543 | €2,393 | +€850 | +55.1% |
| Other amounts payable | 47/48 | €42,767 | €44,189 | +€1,422 | +3.3% |
| Accrued charges and deferred income | 492/3 | €0 | €45,600 | +€45,600 | |
| Remuneration, social security and pensions | 62 | €3,348 | €16,734 | +€13,385 | +400% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,718 | €19,177 | +€458 | +2.4% |
| Other operating charges | 640/8 | €7,007 | €8,084 | +€1,078 | +15.4% |
| Gross operating margin | 9900 | €72,241 | €72,100 | -€141 | -0.2% |
| Operating profit (loss) | 9901 | €43,167 | €28,105 | -€15,062 | -34.9% |
| Financial income | 75/76B | €278 | €315 | +€37 | +13.4% |
| Recurring financial income | 75 | €278 | €315 | +€37 | +13.4% |
| Financial charges | 65/66B | €22,433 | €20,358 | -€2,075 | -9.3% |
| Recurring financial charges | 65 | €22,433 | €20,358 | -€2,075 | -9.3% |
| Profit (loss) for the period before taxes | 9903 | €21,012 | €8,062 | -€12,950 | -61.6% |
| Income taxes | 67/77 | €5,215 | €1,898 | -€3,317 | -63.6% |
| Profit (loss) for the period | 9904 | €15,797 | €6,164 | -€9,633 | -61.0% |
| Profit (loss) for the period to be appropriated | 9905 | €15,797 | €6,164 | -€9,633 | -61.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.