TORET: 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.
TORET
Largest movements
- Tangible fixed assets -€12,718
down €12,718 (-49.6%), from €25,647 to €12,929
- Receivables within one year +€2,680
up €2,680 (+76.4%), from €3,507 to €6,187
of which Trade receivables: +€5,798
- Cash -€941
down €941 (-6.6%), from €14,325 to €13,385
mainly Current portion of long-term debt (-€6,169) and Other debts (-€4,892)
- Deferred charges and accrued income -€503
down €503 (-28.7%), from €1,753 to €1,250
- Current portion of long-term debt -€6,169
down €6,169 (-100.0%), from €6,169 to €0
- Other debts -€4,892
down €4,892 (-4.9%), from €100,816 to €95,924
- Profit (loss) carried forward -€3,302
down €3,302 (-4.7%), from -€70,610 to -€73,912
- Trade debts +€1,866
up €1,866 (+91.0%), from €2,050 to €3,917
- Tax, wage and social debts +€1,095
up €1,095 (+221.8%), from €494 to €1,589
- Gross operating margin -€9,003
down €9,003 (-35.8%), from €25,118 to €16,115
- Depreciation -€3,188
down €3,188 (-16.8%), from €19,006 to €15,819
- Other operating charges +€1,901
up €1,901 (+172.1%), from €1,104 to €3,005
- Financial charges -€578
down €578 (-48.9%), from €1,183 to €605
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 | €48,918 | €37,517 | -€11,402 | -23.3% |
| Fixed assets | 21/28 | €28,307 | €15,589 | -€12,718 | -44.9% |
| Tangible fixed assets | 22/27 | €25,647 | €12,929 | -€12,718 | -49.6% |
| Furniture and vehicles | 24 | €14,941 | €11,094 | -€3,848 | -25.8% |
| Leasing and similar rights | 25 | €5,602 | €0 | -€5,602 | -100.0% |
| Other tangible fixed assets | 26 | €5,104 | €1,836 | -€3,269 | -64.0% |
| Financial fixed assets | 28 | €2,660 | €2,660 | = | 0.0% |
| Current assets | 29/58 | €20,611 | €21,927 | +€1,316 | +6.4% |
| Stocks and contracts in progress | 3 | €1,026 | €1,106 | +€80 | +7.8% |
| Stocks | 30/36 | €1,026 | €1,106 | +€80 | +7.8% |
| Amounts receivable within one year | 40/41 | €3,507 | €6,187 | +€2,680 | +76.4% |
| Trade receivables | 40 | €382 | €6,179 | +€5,798 | +1519.4% |
| Other amounts receivable | 41 | €3,125 | €8 | -€3,117 | -99.8% |
| Cash at bank and in hand | 54/58 | €14,325 | €13,385 | -€941 | -6.6% |
| Deferred charges and accrued income | 490/1 | €1,753 | €1,250 | -€503 | -28.7% |
| Total equity and liabilities | 10/49 | €48,918 | €37,517 | -€11,402 | -23.3% |
| Equity | 10/15 | -€60,610 | -€63,912 | -€3,302 | -5.4% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,610 | -€73,912 | -€3,302 | -4.7% |
| Amounts payable | 17/49 | €109,529 | €101,429 | -€8,100 | -7.4% |
| Amounts payable within one year | 42/48 | €109,529 | €101,429 | -€8,100 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €6,169 | €0 | -€6,169 | -100.0% |
| Trade debts | 44 | €2,050 | €3,917 | +€1,866 | +91.0% |
| Suppliers | 440/4 | €2,050 | €3,917 | +€1,866 | +91.0% |
| Taxes, remuneration and social security | 45 | €494 | €1,589 | +€1,095 | +221.8% |
| Taxes | 450/3 | €494 | €1,589 | +€1,095 | +221.8% |
| Other amounts payable | 47/48 | €100,816 | €95,924 | -€4,892 | -4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,006 | €15,819 | -€3,188 | -16.8% |
| Other operating charges | 640/8 | €1,104 | €3,005 | +€1,901 | +172.1% |
| Gross operating margin | 9900 | €25,118 | €16,115 | -€9,003 | -35.8% |
| Operating profit (loss) | 9901 | €5,007 | -€2,709 | -€7,716 | |
| Financial income | 75/76B | €0 | €12 | +€11 | +2500.0% |
| Recurring financial income | 75 | €0 | €12 | +€11 | +2500.0% |
| Financial charges | 65/66B | €1,183 | €605 | -€578 | -48.9% |
| Recurring financial charges | 65 | €1,183 | €605 | -€578 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €3,825 | -€3,302 | -€7,127 | |
| Profit (loss) for the period | 9904 | €3,825 | -€3,302 | -€7,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,825 | -€3,302 | -€7,127 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.