TORIA: 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.
TORIA
Largest movements
- Receivables within one year +€22,263
up €22,263 (+114.2%), from €19,486 to €41,749
of which Trade receivables: +€22,240
- Receivables after one year +€7,200
new in 2025: €7,200
- Tangible fixed assets -€3,358
down €3,358 (-54.5%), from €6,163 to €2,806
- Cash +€2,991
up €2,991 (+20857.6%), from €14 to €3,005
mainly Accrued charges and deferred income (+€30,000) and Net result for the year (+€21,939)
- Accrued charges and deferred income +€30,000
new in 2025: €30,000
- Profit (loss) carried forward +€21,939
up €21,939 (+66.1%), from -€33,188 to -€11,249
- Other debts -€20,322
down €20,322 (-97.2%), from €20,904 to €582
- Debts after one year -€3,752
down €3,752 (-55.1%), from €6,809 to €3,057
- Trade debts +€3,294
up €3,294 (+13.1%), from €25,130 to €28,424
- Gross operating margin +€26,462
up €26,462 (+1135.6%), from €2,330 to €28,793
- Taxes +€2,190
up €2,190 (+1648.8%), from €133 to €2,322
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 | €25,664 | €54,759 | +€29,096 | +113.4% |
| Fixed assets | 21/28 | €6,163 | €2,806 | -€3,358 | -54.5% |
| Tangible fixed assets | 22/27 | €6,163 | €2,806 | -€3,358 | -54.5% |
| Furniture and vehicles | 24 | €6,163 | €2,806 | -€3,358 | -54.5% |
| Current assets | 29/58 | €19,500 | €51,954 | +€32,454 | +166.4% |
| Amounts receivable after more than one year | 29 | - | €7,200 | +€7,200 | |
| Other amounts receivable | 291 | - | €7,200 | +€7,200 | |
| Amounts receivable within one year | 40/41 | €19,486 | €41,749 | +€22,263 | +114.2% |
| Trade receivables | 40 | €19,486 | €41,726 | +€22,240 | +114.1% |
| Other amounts receivable | 41 | - | €23 | +€23 | |
| Cash at bank and in hand | 54/58 | €14 | €3,005 | +€2,991 | +20857.6% |
| Total equity and liabilities | 10/49 | €25,664 | €54,759 | +€29,096 | +113.4% |
| Equity | 10/15 | -€31,688 | -€9,749 | +€21,939 | +69.2% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€33,188 | -€11,249 | +€21,939 | +66.1% |
| Amounts payable | 17/49 | €57,351 | €64,509 | +€7,157 | +12.5% |
| Amounts payable after more than one year | 17 | €6,809 | €3,057 | -€3,752 | -55.1% |
| Financial debts | 170/4 | €6,809 | €3,057 | -€3,752 | -55.1% |
| Amounts payable within one year | 42/48 | €50,543 | €31,452 | -€19,091 | -37.8% |
| Trade debts | 44 | €25,130 | €28,424 | +€3,294 | +13.1% |
| Suppliers | 440/4 | €25,130 | €28,424 | +€3,294 | +13.1% |
| Taxes, remuneration and social security | 45 | €4,509 | €2,446 | -€2,063 | -45.8% |
| Taxes | 450/3 | €4,509 | €2,446 | -€2,063 | -45.8% |
| Other amounts payable | 47/48 | €20,904 | €582 | -€20,322 | -97.2% |
| Accrued charges and deferred income | 492/3 | - | €30,000 | +€30,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,358 | €3,358 | = | 0.0% |
| Other operating charges | 640/8 | €1,461 | €1,259 | -€202 | -13.9% |
| Gross operating margin | 9900 | €2,330 | €28,793 | +€26,462 | +1135.6% |
| Operating profit (loss) | 9901 | -€2,489 | €24,176 | +€26,665 | |
| Financial income | 75/76B | - | €252 | +€252 | |
| Recurring financial income | 75 | - | €252 | +€252 | |
| Financial charges | 65/66B | €146 | €167 | +€22 | +14.8% |
| Recurring financial charges | 65 | €146 | €167 | +€22 | +14.8% |
| Profit (loss) for the period before taxes | 9903 | -€2,634 | €24,261 | +€26,895 | |
| Income taxes | 67/77 | €133 | €2,322 | +€2,190 | +1648.8% |
| Profit (loss) for the period | 9904 | -€2,767 | €21,939 | +€24,706 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,767 | €21,939 | +€24,706 |
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.