TorFisk: 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.
TorFisk
Largest movements
- Tangible fixed assets +€39,437
up €39,437 (+491%), from €8,040 to €47,477
of which Furniture and vehicles: +€40,313
- Receivables within one year -€8,715
down €8,715 (-33.0%), from €26,381 to €17,666
of which Trade receivables: -€8,416
- Cash +€8,285
up €8,285 (+24.4%), from €34,021 to €42,306
mainly Net result for the year (+€40,574) and Other debts (+€26,990)
- Other debts +€26,990
up €26,990 (+1,626%), from €1,660 to €28,651
- Trade debts +€7,408
up €7,408 (+779%), from €951 to €8,359
- Reserves +€6,011
up €6,011 (+17.4%), from €34,563 to €40,574
- Tax, wage and social debts -€1,533
down €1,533 (-12.4%), from €12,376 to €10,843
- Gross operating margin +€5,011
up €5,011 (+9.6%), from €52,077 to €57,088
- Write-downs -€1,893
down €1,893, from €899 to -€993
- Taxes +€1,050
up €1,050 (+10.4%), from €10,083 to €11,133
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 | €72,860 | €111,559 | +€38,698 | +53.1% |
| Fixed assets | 21/28 | €8,040 | €47,477 | +€39,437 | +491% |
| Tangible fixed assets | 22/27 | €8,040 | €47,477 | +€39,437 | +491% |
| Furniture and vehicles | 24 | €3,982 | €44,295 | +€40,313 | +1,012% |
| Other tangible fixed assets | 26 | €4,058 | €3,181 | -€876 | -21.6% |
| Current assets | 29/58 | €64,820 | €64,082 | -€739 | -1.1% |
| Amounts receivable within one year | 40/41 | €26,381 | €17,666 | -€8,715 | -33.0% |
| Trade receivables | 40 | €25,415 | €16,999 | -€8,416 | -33.1% |
| Other amounts receivable | 41 | €967 | €667 | -€299 | -31.0% |
| Cash at bank and in hand | 54/58 | €34,021 | €42,306 | +€8,285 | +24.4% |
| Deferred charges and accrued income | 490/1 | €4,418 | €4,110 | -€308 | -7.0% |
| Total equity and liabilities | 10/49 | €72,860 | €111,559 | +€38,698 | +53.1% |
| Equity | 10/15 | €53,163 | €59,174 | +€6,011 | +11.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €34,563 | €40,574 | +€6,011 | +17.4% |
| Distributable reserves | 133 | €34,563 | €40,574 | +€6,011 | +17.4% |
| Amounts payable | 17/49 | €19,697 | €52,385 | +€32,688 | +166% |
| Amounts payable within one year | 42/48 | €19,697 | €52,385 | +€32,688 | +166% |
| Financial debts | 43 | €4,710 | €4,533 | -€177 | -3.8% |
| Credit institutions | 430/8 | €4,710 | €4,533 | -€177 | -3.8% |
| Trade debts | 44 | €951 | €8,359 | +€7,408 | +779% |
| Suppliers | 440/4 | €951 | €8,359 | +€7,408 | +779% |
| Taxes, remuneration and social security | 45 | €12,376 | €10,843 | -€1,533 | -12.4% |
| Taxes | 450/3 | €12,376 | €10,843 | -€1,533 | -12.4% |
| Other amounts payable | 47/48 | €1,660 | €28,651 | +€26,990 | +1,626% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,046 | €5,174 | +€128 | +2.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €899 | -€993 | -€1,893 | |
| Other operating charges | 640/8 | €1,180 | €1,034 | -€147 | -12.4% |
| Gross operating margin | 9900 | €52,077 | €57,088 | +€5,011 | +9.6% |
| Operating profit (loss) | 9901 | €44,951 | €51,874 | +€6,923 | +15.4% |
| Financial income | 75/76B | €166 | €1 | -€166 | -99.5% |
| Recurring financial income | 75 | €166 | €1 | -€166 | -99.5% |
| Financial charges | 65/66B | €471 | €167 | -€304 | -64.5% |
| Recurring financial charges | 65 | €471 | €167 | -€304 | -64.5% |
| Profit (loss) for the period before taxes | 9903 | €44,646 | €51,707 | +€7,061 | +15.8% |
| Income taxes | 67/77 | €10,083 | €11,133 | +€1,050 | +10.4% |
| Profit (loss) for the period | 9904 | €34,563 | €40,574 | +€6,011 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €34,563 | €40,574 | +€6,011 | +17.4% |
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 13 October 2026 via checked.be.