TORFS ENGINEERING: what changed
What changed
TORFS ENGINEERING
NACE 71.121, Engineering and related technical consultancy, excluding land surveyors
filed annual accounts (NBB)
Net result for the year
€28,580
2024 · €28,752-€172
Equity
€219,137
2024 · €190,557+€28,580
Cash
€67
2024 · €379-€313
Balance sheet total
€312,294
2024 · €380,881-€68,586
Largest movements
Assets
- Receivables within one year -€62,988
down €62,988 (-76.5%), from €82,299 to €19,311
of which Trade receivables: -€82,295
Equity and liabilities
- Debts after one year -€81,804
down €81,804 (-100%), from €81,804 to €0
- Tax, wage and social debts -€50,979
down €50,979 (-93.8%), from €54,320 to €3,342
of which Remuneration and social security: -€54,070
- Trade debts +€36,532
up €36,532 (+68.6%), from €53,284 to €89,816
- Profit (loss) carried forward +€28,580
up €28,580, from -€20,019 to €8,561
Income statement
- Staff costs -€489,503
down €489,503, from €449,720 to -€39,783
- Gross operating margin -€432,316
down €432,316, from €426,843 to -€5,473
- Financial income -€61,229
down €61,229 (-100%), from €61,229 to €0
- Other operating charges -€5,151
down €5,151 (-73.7%), from €6,986 to €1,834
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€28,752
Gross operating margin
-€432,316
Staff costs
+€489,503
Depreciation
+€1,293
Other operating charges
+€5,151
Financial income
-€61,229
Financial charges
+€55
Taxes
-€2,630
Result 2025
€28,580
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€80,587
Investment
+€904
Financing
-€81,804
Cash 2024
€379
From operations (derived)
+€80,587
Net result for the year
+€28,580
Receivables after one year
+€600
Receivables within one year
+€62,988
Deferred charges and accrued income
+€3,781
Trade debts
+€36,532
Tax, wage and social debts
-€50,979
Other debts
-€915
Investment (derived)
+€904
Investment in fixed assets (net)
+€904
Financing
-€81,804
Debts after one year
-€81,804
Cash 2025
€67
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €380,881 | €312,294 | -€68,586 | -18.0% |
| Fixed assets | 21/28 | €218,992 | €218,088 | -€904 | -0.4% |
| Tangible fixed assets | 22/27 | €904 | €0 | -€904 | -100% |
| Furniture and vehicles | 24 | €904 | €0 | -€904 | -100% |
| Financial fixed assets | 28 | €218,088 | €218,088 | = | 0.0% |
| Current assets | 29/58 | €161,888 | €94,206 | -€67,682 | -41.8% |
| Amounts receivable after more than one year | 29 | €75,429 | €74,829 | -€600 | -0.8% |
| Other amounts receivable | 291 | €75,429 | €74,829 | -€600 | -0.8% |
| Amounts receivable within one year | 40/41 | €82,299 | €19,311 | -€62,988 | -76.5% |
| Trade receivables | 40 | €82,295 | €0 | -€82,295 | -100% |
| Other amounts receivable | 41 | €4 | €19,311 | +€19,307 | +470,899% |
| Cash at bank and in hand | 54/58 | €379 | €67 | -€313 | -82.5% |
| Deferred charges and accrued income | 490/1 | €3,781 | €0 | -€3,781 | -100% |
| Total equity and liabilities | 10/49 | €380,881 | €312,294 | -€68,586 | -18.0% |
| Equity | 10/15 | €190,557 | €219,137 | +€28,580 | +15.0% |
| Contributions | 10/11 | €208,600 | €208,600 | = | 0.0% |
| Reserves | 13 | €1,976 | €1,976 | = | 0.0% |
| Distributable reserves | 133 | €1,976 | €1,976 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€20,019 | €8,561 | +€28,580 | |
| Amounts payable | 17/49 | €190,324 | €93,158 | -€97,166 | -51.1% |
| Amounts payable after more than one year | 17 | €81,804 | €0 | -€81,804 | -100% |
| Other amounts payable | 178/9 | €81,804 | €0 | -€81,804 | -100% |
| Amounts payable within one year | 42/48 | €108,520 | €93,158 | -€15,362 | -14.2% |
| Trade debts | 44 | €53,284 | €89,816 | +€36,532 | +68.6% |
| Suppliers | 440/4 | €53,284 | €89,816 | +€36,532 | +68.6% |
| Taxes, remuneration and social security | 45 | €54,320 | €3,342 | -€50,979 | -93.8% |
| Taxes | 450/3 | €250 | €3,342 | +€3,092 | +1,237% |
| Remuneration and social security | 454/9 | €54,070 | €0 | -€54,070 | -100% |
| Other amounts payable | 47/48 | €915 | €0 | -€915 | -100% |
| Remuneration, social security and pensions | 62 | €449,720 | -€39,783 | -€489,503 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,293 | €0 | -€1,293 | -100% |
| Other operating charges | 640/8 | €6,986 | €1,834 | -€5,151 | -73.7% |
| Gross operating margin | 9900 | €426,843 | -€5,473 | -€432,316 | |
| Operating profit (loss) | 9901 | -€31,156 | €32,476 | +€63,632 | |
| Financial income | 75/76B | €61,229 | €0 | -€61,229 | -100% |
| Recurring financial income | 75 | €61,229 | €0 | -€61,229 | -100% |
| Financial charges | 65/66B | €859 | €804 | -€55 | -6.4% |
| Recurring financial charges | 65 | €859 | €804 | -€55 | -6.4% |
| Profit (loss) for the period before taxes | 9903 | €29,214 | €31,672 | +€2,457 | +8.4% |
| Income taxes | 67/77 | €462 | €3,092 | +€2,630 | +569% |
| Profit (loss) for the period | 9904 | €28,752 | €28,580 | -€172 | -0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €28,752 | €28,580 | -€172 | -0.6% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.