Toreon: 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.
What changed
Toreon
NACE 62.200, Computer consultancy and computer facilities management
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€19,035
2024 · €125,914-€106,879
Equity
€2.0m
2024 · €2.0m-€14,706
Cash
€192,816
2024 · €516,909-€324,094
Balance sheet total
€3.5m
2024 · €3.5m-€26,827
Largest movements
Assets
- Cash -€324,094
down €324,094 (-62.7%), from €516,909 to €192,816
mainly Investment in fixed assets (net) (-€334,770) and Stocks and contracts (-€272,729)
- Stocks and contracts +€272,729
up €272,729, from €0 to €272,729
of which Contracts in progress: +€272,729
Equity and liabilities
- Debts after one year +€300,737
new in 2025: €300,737
- Advances received -€242,686
down €242,686 (-100%), from €242,686 to €0
- Trade debts -€225,490
down €225,490 (-22.3%), from €1.0m to €785,607
- Current portion of long-term debt +€91,326
new in 2025: €91,326
- Accrued charges and deferred income +€83,819
up €83,819 (+415%), from €20,184 to €104,004
Income statement
- Staff costs -€72,481
down €72,481 (-3.0%), from €2.4m to €2.3m
- Taxes -€72,190
down €72,190 (-97.6%), from €73,969 to €1,779
- Gross operating margin +€64,009
up €64,009 (+2.2%), from €2.9m to €3.0m
- Depreciation +€53,184
up €53,184 (+19.6%), from €271,904 to €325,088
- Financial charges +€48,584
up €48,584 (+174%), from €27,916 to €76,500
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.
Result 2024
€125,914
Gross operating margin
+€64,009
Staff costs
+€72,481
Depreciation
-€53,184
Other operating charges
+€194
Other operating items
-€226,318
Financial income
+€12,332
Financial charges
-€48,584
Taxes
+€72,190
Result 2025
€19,035
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€347,646
Investment
-€334,770
Financing
+€358,322
Cash 2024
€516,909
From operations (derived)
-€347,646
Net result for the year
+€19,035
Depreciation
+€325,088
Stocks and contracts
-€272,729
Receivables within one year
-€16,540
Deferred charges and accrued income
+€1,684
Trade debts
-€225,490
Tax, wage and social debts
-€19,827
Advances received
-€242,686
Accrued charges and deferred income
+€83,819
Investment (derived)
-€334,770
Investment in fixed assets (net)
-€334,770
Financing
+€358,322
Debts after one year
+€300,737
Current portion of long-term debt
+€91,326
Contributions, distributions and other
-€33,741
Cash 2025
€192,816
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,515,039 | €3,488,212 | -€26,827 | -0.8% |
| Fixed assets | 21/28 | €870,440 | €880,122 | +€9,682 | +1.1% |
| Intangible fixed assets | 21 | €639,427 | €664,443 | +€25,016 | +3.9% |
| Tangible fixed assets | 22/27 | €123,512 | €106,528 | -€16,984 | -13.8% |
| Land and buildings | 22 | €34,711 | €15,611 | -€19,100 | -55.0% |
| Plant, machinery and equipment | 23 | €66,421 | €72,056 | +€5,634 | +8.5% |
| Furniture and vehicles | 24 | €22,380 | €18,862 | -€3,519 | -15.7% |
| Financial fixed assets | 28 | €107,500 | €109,150 | +€1,650 | +1.5% |
| Current assets | 29/58 | €2,644,599 | €2,608,090 | -€36,509 | -1.4% |
| Stocks and contracts in progress | 3 | €0 | €272,729 | +€272,729 | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | - | €272,729 | +€272,729 | |
| Amounts receivable within one year | 40/41 | €1,889,099 | €1,905,640 | +€16,540 | +0.9% |
| Trade receivables | 40 | €1,699,783 | €1,777,323 | +€77,540 | +4.6% |
| Other amounts receivable | 41 | €189,316 | €128,317 | -€61,000 | -32.2% |
| Current investments | 50/53 | €93,538 | €93,538 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €516,909 | €192,816 | -€324,094 | -62.7% |
| Deferred charges and accrued income | 490/1 | €145,053 | €143,369 | -€1,684 | -1.2% |
| Total equity and liabilities | 10/49 | €3,515,039 | €3,488,212 | -€26,827 | -0.8% |
| Equity | 10/15 | €2,014,629 | €1,999,923 | -€14,706 | -0.7% |
| Contributions | 10/11 | €88,600 | €88,600 | = | 0.0% |
| Reserves | 13 | €1,892,288 | €1,911,323 | +€19,035 | +1.0% |
| Non-distributable reserves | 130/1 | €93,538 | €93,538 | = | 0.0% |
| Other | 1319 | €93,538 | €93,538 | = | 0.0% |
| Distributable reserves | 133 | €1,798,751 | €1,817,785 | +€19,035 | +1.1% |
| Investment grants | 15 | €33,741 | €0 | -€33,741 | -100% |
| Amounts payable | 17/49 | €1,500,411 | €1,488,289 | -€12,121 | -0.8% |
| Amounts payable after more than one year | 17 | - | €300,737 | +€300,737 | |
| Financial debts | 170/4 | - | €300,737 | +€300,737 | |
| Amounts payable within one year | 42/48 | €1,480,226 | €1,083,549 | -€396,678 | -26.8% |
| Current portion of amounts payable after more than one year | 42 | - | €91,326 | +€91,326 | |
| Trade debts | 44 | €1,011,097 | €785,607 | -€225,490 | -22.3% |
| Suppliers | 440/4 | €1,011,097 | €785,607 | -€225,490 | -22.3% |
| Advances received on contracts in progress | 46 | €242,686 | €0 | -€242,686 | -100% |
| Taxes, remuneration and social security | 45 | €226,443 | €206,616 | -€19,827 | -8.8% |
| Taxes | 450/3 | €8,149 | €39,851 | +€31,702 | +389% |
| Remuneration and social security | 454/9 | €218,294 | €166,765 | -€51,529 | -23.6% |
| Accrued charges and deferred income | 492/3 | €20,184 | €104,004 | +€83,819 | +415% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,394,407 | €2,321,926 | -€72,481 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €271,904 | €325,088 | +€53,184 | +19.6% |
| Other operating charges | 640/8 | €2,135 | €1,941 | -€194 | -9.1% |
| Non-recurring operating charges | 66A | €44,457 | €270,775 | +€226,318 | +509% |
| Gross operating margin | 9900 | €2,915,678 | €2,979,687 | +€64,009 | +2.2% |
| Operating profit (loss) | 9901 | €202,775 | €59,957 | -€142,817 | -70.4% |
| Financial income | 75/76B | €25,024 | €37,356 | +€12,332 | +49.3% |
| Recurring financial income | 75 | €25,024 | €37,356 | +€12,332 | +49.3% |
| Financial charges | 65/66B | €27,916 | €76,500 | +€48,584 | +174% |
| Recurring financial charges | 65 | €27,916 | €76,500 | +€48,584 | +174% |
| Profit (loss) for the period before taxes | 9903 | €199,883 | €20,813 | -€179,070 | -89.6% |
| Income taxes | 67/77 | €73,969 | €1,779 | -€72,190 | -97.6% |
| Profit (loss) for the period | 9904 | €125,914 | €19,035 | -€106,879 | -84.9% |
| Profit (loss) for the period to be appropriated | 9905 | €125,914 | €19,035 | -€106,879 | -84.9% |
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 17 October 2026 via checked.be.