TORHAUDIO: 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.
What changed
TORHAUDIO
NACE 47.741, Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€98,516
2024 · €103,407-€4,891
Equity
€401,922
2024 · €330,406+€71,516
Cash
€10,218
2024 · €8,289+€1,929
Balance sheet total
€410,280
2024 · €337,872+€72,408
Largest movements
Assets
- Current investments +€73,967
up €73,967 (+29.9%), from €247,311 to €321,279
Equity and liabilities
- Reserves +€71,000
up €71,000 (+24.8%), from €286,860 to €357,860
Income statement
- Gross operating margin -€25,037
down €25,037 (-11.9%), from €210,613 to €185,577
- Depreciation -€10,018
down €10,018 (-93.6%), from €10,703 to €684
- Taxes -€4,625
down €4,625 (-8.9%), from €51,752 to €47,127
- Financial income +€3,556
up €3,556 (+310%), from €1,146 to €4,702
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.
Result 2024
€103,407
Gross operating margin
-€25,037
Staff costs
+€1,567
Depreciation
+€10,018
Other operating charges
+€326
Financial income
+€3,556
Financial charges
+€53
Taxes
+€4,625
Result 2025
€98,516
raises the resultlowers the result
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.
From operations
+€103,831
Investment
-€74,441
Financing
-€27,461
Cash 2024
€8,289
From operations (derived)
+€103,831
Net result for the year
+€98,516
Depreciation
+€684
Stocks and contracts
+€476
Receivables within one year
+€918
Deferred charges and accrued income
+€1,884
Trade debts
+€1,805
Tax, wage and social debts
-€1,410
Other debts
-€686
Accrued charges and deferred income
+€1,645
Investment (derived)
-€74,441
Investment in fixed assets (net)
-€474
Current investments
-€73,967
Financing
-€27,461
Current portion of long-term debt
-€461
Contributions, distributions and other
-€27,000
Cash 2025
€10,218
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €337,872 | €410,280 | +€72,408 | +21.4% |
| Fixed assets | 21/28 | €3,353 | €3,143 | -€211 | -6.3% |
| Tangible fixed assets | 22/27 | €1,988 | €1,770 | -€219 | -11.0% |
| Plant, machinery and equipment | 23 | €783 | €793 | +€10 | +1.2% |
| Furniture and vehicles | 24 | €1,205 | €977 | -€228 | -18.9% |
| Financial fixed assets | 28 | €1,365 | €1,373 | +€8 | +0.6% |
| Current assets | 29/58 | €334,518 | €407,137 | +€72,619 | +21.7% |
| Stocks and contracts in progress | 3 | €767 | €291 | -€476 | -62.1% |
| Stocks | 30/36 | €767 | €291 | -€476 | -62.1% |
| Amounts receivable within one year | 40/41 | €74,995 | €74,076 | -€918 | -1.2% |
| Trade receivables | 40 | €66,212 | €48,774 | -€17,439 | -26.3% |
| Other amounts receivable | 41 | €8,782 | €25,303 | +€16,520 | +188% |
| Current investments | 50/53 | €247,311 | €321,279 | +€73,967 | +29.9% |
| Cash at bank and in hand | 54/58 | €8,289 | €10,218 | +€1,929 | +23.3% |
| Deferred charges and accrued income | 490/1 | €3,156 | €1,273 | -€1,884 | -59.7% |
| Total equity and liabilities | 10/49 | €337,872 | €410,280 | +€72,408 | +21.4% |
| Equity | 10/15 | €330,406 | €401,922 | +€71,516 | +21.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €286,860 | €357,860 | +€71,000 | +24.8% |
| Distributable reserves | 133 | €286,860 | €357,860 | +€71,000 | +24.8% |
| Profit (loss) carried forward | 14 | €24,946 | €25,462 | +€516 | +2.1% |
| Amounts payable | 17/49 | €7,466 | €8,358 | +€892 | +12.0% |
| Amounts payable within one year | 42/48 | €3,061 | €2,309 | -€753 | -24.6% |
| Current portion of amounts payable after more than one year | 42 | €461 | - | -€461 | |
| Trade debts | 44 | €342 | €2,147 | +€1,805 | +527% |
| Suppliers | 440/4 | €342 | €2,147 | +€1,805 | +527% |
| Taxes, remuneration and social security | 45 | €1,410 | - | -€1,410 | |
| Taxes | 450/3 | €1,410 | - | -€1,410 | |
| Other amounts payable | 47/48 | €848 | €161 | -€686 | -81.0% |
| Accrued charges and deferred income | 492/3 | €4,404 | €6,049 | +€1,645 | +37.4% |
| Remuneration, social security and pensions | 62 | €44,509 | €42,942 | -€1,567 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,703 | €684 | -€10,018 | -93.6% |
| Other operating charges | 640/8 | €1,112 | €786 | -€326 | -29.3% |
| Gross operating margin | 9900 | €210,613 | €185,577 | -€25,037 | -11.9% |
| Operating profit (loss) | 9901 | €154,290 | €141,165 | -€13,126 | -8.5% |
| Financial income | 75/76B | €1,146 | €4,702 | +€3,556 | +310% |
| Recurring financial income | 75 | €1,146 | €4,702 | +€3,556 | +310% |
| Financial charges | 65/66B | €278 | €225 | -€53 | -19.1% |
| Recurring financial charges | 65 | €278 | €225 | -€53 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €155,159 | €145,642 | -€9,516 | -6.1% |
| Income taxes | 67/77 | €51,752 | €47,127 | -€4,625 | -8.9% |
| Profit (loss) for the period | 9904 | €103,407 | €98,516 | -€4,891 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €103,407 | €98,516 | -€4,891 | -4.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.