TORFS ICT: 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.
TORFS ICT
Largest movements
- Receivables within one year -€21,635
down €21,635 (-56.7%), from €38,138 to €16,503
of which Other amounts receivable: -€15,457
- Cash -€9,193
down €9,193 (-98.8%), from €9,302 to €109
mainly Net result for the year (-€69,446) and Debts after one year (-€6,533)
- Tangible fixed assets -€5,590
down €5,590 (-65.6%), from €8,520 to €2,930
of which Furniture and vehicles: -€5,874
- Profit (loss) carried forward -€69,446
down €69,446 (-823.9%), from -€8,429 to -€77,875
- Other debts +€13,733
new in 2025: €13,733
- Current portion of long-term debt +€12,082
up €12,082 (+193.6%), from €6,242 to €18,324
- Short-term financial debts +€9,768
new in 2025: €9,768
- Debts after one year -€6,533
down €6,533 (-65.9%), from €9,912 to €3,380
- Gross operating margin -€69,360
down €69,360, from €8,851 to -€60,509
- Staff costs +€4,485
up €4,485, from -€4,315 to €170
- Depreciation -€1,288
down €1,288 (-26.3%), from €4,894 to €3,606
- Financial charges +€638
up €638 (+16.9%), from €3,775 to €4,412
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 | €56,196 | €19,759 | -€36,437 | -64.8% |
| Fixed assets | 21/28 | €8,520 | €2,930 | -€5,590 | -65.6% |
| Tangible fixed assets | 22/27 | €8,520 | €2,930 | -€5,590 | -65.6% |
| Plant, machinery and equipment | 23 | - | €468 | +€468 | |
| Furniture and vehicles | 24 | €7,982 | €2,108 | -€5,874 | -73.6% |
| Other tangible fixed assets | 26 | €538 | €354 | -€185 | -34.3% |
| Current assets | 29/58 | €47,675 | €16,829 | -€30,846 | -64.7% |
| Amounts receivable within one year | 40/41 | €38,138 | €16,503 | -€21,635 | -56.7% |
| Trade receivables | 40 | €16,958 | €10,780 | -€6,178 | -36.4% |
| Other amounts receivable | 41 | €21,180 | €5,723 | -€15,457 | -73.0% |
| Cash at bank and in hand | 54/58 | €9,302 | €109 | -€9,193 | -98.8% |
| Deferred charges and accrued income | 490/1 | €236 | €217 | -€18 | -7.7% |
| Total equity and liabilities | 10/49 | €56,196 | €19,759 | -€36,437 | -64.8% |
| Equity | 10/15 | €28,836 | -€40,610 | -€69,446 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €36,265 | €36,265 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Distributable reserves | 133 | €36,165 | €36,165 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,429 | -€77,875 | -€69,446 | -823.9% |
| Amounts payable | 17/49 | €27,359 | €60,369 | +€33,010 | +120.7% |
| Amounts payable after more than one year | 17 | €9,912 | €3,380 | -€6,533 | -65.9% |
| Financial debts | 170/4 | €9,912 | €3,380 | -€6,533 | -65.9% |
| Amounts payable within one year | 42/48 | €15,959 | €51,510 | +€35,551 | +222.8% |
| Current portion of amounts payable after more than one year | 42 | €6,242 | €18,324 | +€12,082 | +193.6% |
| Financial debts | 43 | - | €9,768 | +€9,768 | |
| Credit institutions | 430/8 | - | €9,768 | +€9,768 | |
| Trade debts | 44 | €5,758 | €8,495 | +€2,737 | +47.5% |
| Suppliers | 440/4 | €5,758 | €8,495 | +€2,737 | +47.5% |
| Taxes, remuneration and social security | 45 | €3,960 | €1,190 | -€2,770 | -70.0% |
| Taxes | 450/3 | €1,360 | €1,190 | -€170 | -12.5% |
| Remuneration and social security | 454/9 | €2,600 | - | -€2,600 | |
| Other amounts payable | 47/48 | - | €13,733 | +€13,733 | |
| Accrued charges and deferred income | 492/3 | €1,488 | €5,479 | +€3,992 | +268.3% |
| Remuneration, social security and pensions | 62 | -€4,315 | €170 | +€4,485 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,894 | €3,606 | -€1,288 | -26.3% |
| Other operating charges | 640/8 | €413 | €560 | +€147 | +35.7% |
| Gross operating margin | 9900 | €8,851 | -€60,509 | -€69,360 | |
| Operating profit (loss) | 9901 | €7,859 | -€64,845 | -€72,704 | |
| Financial income | 75/76B | €2 | €3 | +€1 | +78.6% |
| Recurring financial income | 75 | €2 | €3 | +€1 | +78.6% |
| Financial charges | 65/66B | €3,775 | €4,412 | +€638 | +16.9% |
| Recurring financial charges | 65 | €3,775 | €4,412 | +€638 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €4,086 | -€69,255 | -€73,341 | |
| Income taxes | 67/77 | €607 | €192 | -€415 | -68.4% |
| Profit (loss) for the period | 9904 | €3,479 | -€69,446 | -€72,926 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,479 | -€69,446 | -€72,926 |
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 11 October 2026 via checked.be.