TOREX: 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.
TOREX
Largest movements
- Cash -€5,784
down €5,784 (-44.0%), from €13,154 to €7,370
mainly Net result for the year (-€5,216) and Other debts (-€568)
- Profit (loss) carried forward -€5,216
down €5,216 (-67.2%), from €7,757 to €2,541
- Other debts -€568
down €568 (-2.6%), from €22,123 to €21,555
- Gross operating margin -€3,491
down €3,491 (-369%), from -€946 to -€4,436
- Other operating charges +€128
up €128 (+25.1%), from €509 to €637
- Financial charges +€46
up €46 (+47.9%), from €96 to €143
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.
Derived cash bridge
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 | €39,378 | €33,594 | -€5,784 | -14.7% |
| Current assets | 29/58 | €39,378 | €33,594 | -€5,784 | -14.7% |
| Amounts receivable within one year | 40/41 | €26,224 | €26,224 | = | 0.0% |
| Trade receivables | 40 | €9,803 | €9,803 | = | 0.0% |
| Other amounts receivable | 41 | €16,421 | €16,421 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,154 | €7,370 | -€5,784 | -44.0% |
| Total equity and liabilities | 10/49 | €39,378 | €33,594 | -€5,784 | -14.7% |
| Equity | 10/15 | €15,825 | €10,609 | -€5,216 | -33.0% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Capital | 10 | €6,197 | €6,197 | = | 0.0% |
| Issued capital | 100 | €18,592 | €18,592 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €1,871 | €1,871 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Legal reserve | 130 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €12 | €12 | = | 0.0% |
| Profit (loss) carried forward | 14 | €7,757 | €2,541 | -€5,216 | -67.2% |
| Amounts payable | 17/49 | €23,553 | €22,985 | -€568 | -2.4% |
| Amounts payable within one year | 42/48 | €23,553 | €22,985 | -€568 | -2.4% |
| Trade debts | 44 | €1,430 | €1,430 | = | 0.0% |
| Suppliers | 440/4 | €1,430 | €1,430 | = | 0.0% |
| Other amounts payable | 47/48 | €22,123 | €21,555 | -€568 | -2.6% |
| Other operating charges | 640/8 | €509 | €637 | +€128 | +25.1% |
| Gross operating margin | 9900 | -€946 | -€4,436 | -€3,491 | -369% |
| Operating profit (loss) | 9901 | -€1,455 | -€5,074 | -€3,619 | -249% |
| Financial charges | 65/66B | €96 | €143 | +€46 | +47.9% |
| Recurring financial charges | 65 | €96 | €143 | +€46 | +47.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,551 | -€5,216 | -€3,665 | -236% |
| Income taxes | 67/77 | €35 | - | -€35 | |
| Profit (loss) for the period | 9904 | -€1,586 | -€5,216 | -€3,630 | -229% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,586 | -€5,216 | -€3,630 | -229% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.