TORI: 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.
TORI
Largest movements
- Receivables within one year -€61,156
down €61,156 (-93.4%), from €65,455 to €4,299
of which Trade receivables: -€55,010
- Cash -€7,015
down €7,015 (-50.8%), from €13,806 to €6,791
mainly Current portion of long-term debt (-€57,418) and Debts after one year (-€5,693)
- Tangible fixed assets -€3,802
down €3,802 (-37.8%), from €10,069 to €6,267
of which Leasing and similar rights: -€6,372
- Stocks and contracts +€3,538
up €3,538 (+141.3%), from €2,504 to €6,042
- Current portion of long-term debt -€57,418
down €57,418 (-94.1%), from €61,036 to €3,618
- Debts after one year -€5,693
down €5,693 (-77.2%), from €7,378 to €1,685
- Profit (loss) carried forward -€3,815
down €3,815, from €2,909 to -€906
- Gross operating margin -€23,987
down €23,987 (-81.4%), from €29,451 to €5,464
- Depreciation -€7,422
down €7,422 (-52.0%), from €14,282 to €6,860
- Taxes -€596
down €596 (-99.7%), from €598 to €2
- Financial charges -€522
down €522 (-37.4%), from €1,396 to €874
- Other operating charges +€348
up €348 (+29.1%), from €1,195 to €1,543
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 | €97,834 | €29,399 | -€68,435 | -70.0% |
| Fixed assets | 21/28 | €16,069 | €12,267 | -€3,802 | -23.7% |
| Tangible fixed assets | 22/27 | €10,069 | €6,267 | -€3,802 | -37.8% |
| Land and buildings | 22 | €2,000 | €4,962 | +€2,962 | +148.1% |
| Plant, machinery and equipment | 23 | - | €1,233 | +€1,233 | |
| Furniture and vehicles | 24 | €1,697 | €72 | -€1,625 | -95.8% |
| Leasing and similar rights | 25 | €6,372 | - | -€6,372 | |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €81,765 | €17,132 | -€64,633 | -79.0% |
| Stocks and contracts in progress | 3 | €2,504 | €6,042 | +€3,538 | +141.3% |
| Stocks | 30/36 | €2,504 | €6,042 | +€3,538 | +141.3% |
| Amounts receivable within one year | 40/41 | €65,455 | €4,299 | -€61,156 | -93.4% |
| Trade receivables | 40 | €59,309 | €4,299 | -€55,010 | -92.8% |
| Other amounts receivable | 41 | €6,146 | - | -€6,146 | |
| Cash at bank and in hand | 54/58 | €13,806 | €6,791 | -€7,015 | -50.8% |
| Total equity and liabilities | 10/49 | €97,834 | €29,399 | -€68,435 | -70.0% |
| Equity | 10/15 | €23,369 | €19,554 | -€3,815 | -16.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,909 | -€906 | -€3,815 | |
| Amounts payable | 17/49 | €74,465 | €9,845 | -€64,620 | -86.8% |
| Amounts payable after more than one year | 17 | €7,378 | €1,685 | -€5,693 | -77.2% |
| Financial debts | 170/4 | €7,378 | €1,685 | -€5,693 | -77.2% |
| Amounts payable within one year | 42/48 | €67,087 | €8,160 | -€58,927 | -87.8% |
| Current portion of amounts payable after more than one year | 42 | €61,036 | €3,618 | -€57,418 | -94.1% |
| Trade debts | 44 | €4,261 | €3,585 | -€676 | -15.9% |
| Suppliers | 440/4 | €4,261 | €3,585 | -€676 | -15.9% |
| Taxes, remuneration and social security | 45 | €1,670 | €957 | -€713 | -42.7% |
| Taxes | 450/3 | €1,254 | €957 | -€297 | -23.7% |
| Remuneration and social security | 454/9 | €416 | - | -€416 | |
| Other amounts payable | 47/48 | €120 | - | -€120 | |
| Non-recurring operating income | 76A | - | €6,029 | +€6,029 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,282 | €6,860 | -€7,422 | -52.0% |
| Other operating charges | 640/8 | €1,195 | €1,543 | +€348 | +29.1% |
| Gross operating margin | 9900 | €29,451 | €5,464 | -€23,987 | -81.4% |
| Operating profit (loss) | 9901 | €13,974 | -€2,939 | -€16,913 | |
| Financial charges | 65/66B | €1,396 | €874 | -€522 | -37.4% |
| Recurring financial charges | 65 | €1,396 | €874 | -€522 | -37.4% |
| Profit (loss) for the period before taxes | 9903 | €12,578 | -€3,813 | -€16,391 | |
| Income taxes | 67/77 | €598 | €2 | -€596 | -99.7% |
| Profit (loss) for the period | 9904 | €11,980 | -€3,815 | -€15,795 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,980 | -€3,815 | -€15,795 |
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 10 October 2026 via checked.be.