TORIN: 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.
TORIN
Largest movements
- Cash -€21,225
down €21,225 (-24.2%), from €87,828 to €66,603
mainly Net result for the year (-€22,841) and Trade debts (-€12,102)
- Tangible fixed assets -€16,360
down €16,360 (-26.0%), from €62,828 to €46,468
of which Furniture and vehicles: -€13,019
- Receivables within one year +€5,291
up €5,291 (+14.3%), from €37,057 to €42,348
of which Trade receivables: +€5,216
- Stocks and contracts +€2,399
up €2,399 (+22.5%), from €10,667 to €13,065
- Profit (loss) carried forward -€22,841
down €22,841 (-20.1%), from €113,488 to €90,647
- Trade debts -€12,102
down €12,102 (-47.9%), from €25,291 to €13,189
- Tax, wage and social debts +€6,170
up €6,170 (+19.6%), from €31,442 to €37,612
of which Taxes: +€3,577
- Gross operating margin -€56,370
down €56,370 (-17.5%), from €321,636 to €265,266
- Staff costs +€31,315
up €31,315 (+13.6%), from €229,992 to €261,307
- Taxes -€15,988
down €15,988 (-98.3%), from €16,257 to €269
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 | €199,032 | €169,470 | -€29,562 | -14.9% |
| Fixed assets | 21/28 | €63,120 | €46,760 | -€16,360 | -25.9% |
| Tangible fixed assets | 22/27 | €62,828 | €46,468 | -€16,360 | -26.0% |
| Plant, machinery and equipment | 23 | €14,500 | €11,159 | -€3,341 | -23.0% |
| Furniture and vehicles | 24 | €48,328 | €35,308 | -€13,019 | -26.9% |
| Financial fixed assets | 28 | €292 | €292 | = | 0.0% |
| Current assets | 29/58 | €135,912 | €122,710 | -€13,202 | -9.7% |
| Stocks and contracts in progress | 3 | €10,667 | €13,065 | +€2,399 | +22.5% |
| Stocks | 30/36 | €10,667 | €13,065 | +€2,399 | +22.5% |
| Amounts receivable within one year | 40/41 | €37,057 | €42,348 | +€5,291 | +14.3% |
| Trade receivables | 40 | €32,400 | €37,617 | +€5,216 | +16.1% |
| Other amounts receivable | 41 | €4,657 | €4,731 | +€74 | +1.6% |
| Cash at bank and in hand | 54/58 | €87,828 | €66,603 | -€21,225 | -24.2% |
| Deferred charges and accrued income | 490/1 | €360 | €694 | +€333 | +92.5% |
| Total equity and liabilities | 10/49 | €199,032 | €169,470 | -€29,562 | -14.9% |
| Equity | 10/15 | €133,948 | €111,107 | -€22,841 | -17.1% |
| 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 | €113,488 | €90,647 | -€22,841 | -20.1% |
| Amounts payable | 17/49 | €65,084 | €58,362 | -€6,722 | -10.3% |
| Amounts payable within one year | 42/48 | €65,084 | €58,362 | -€6,722 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €5,843 | €5,667 | -€176 | -3.0% |
| Trade debts | 44 | €25,291 | €13,189 | -€12,102 | -47.9% |
| Suppliers | 440/4 | €25,291 | €13,189 | -€12,102 | -47.9% |
| Taxes, remuneration and social security | 45 | €31,442 | €37,612 | +€6,170 | +19.6% |
| Taxes | 450/3 | €13,350 | €16,927 | +€3,577 | +26.8% |
| Remuneration and social security | 454/9 | €18,092 | €20,685 | +€2,593 | +14.3% |
| Other amounts payable | 47/48 | €2,508 | €1,895 | -€613 | -24.5% |
| Remuneration, social security and pensions | 62 | €229,992 | €261,307 | +€31,315 | +13.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,664 | €17,976 | -€688 | -3.7% |
| Other operating charges | 640/8 | €1,578 | €1,477 | -€101 | -6.4% |
| Non-recurring operating charges | 66A | €5,948 | - | -€5,948 | |
| Gross operating margin | 9900 | €321,636 | €265,266 | -€56,370 | -17.5% |
| Operating profit (loss) | 9901 | €65,454 | -€15,494 | -€80,948 | |
| Financial income | 75/76B | €1,201 | €197 | -€1,004 | -83.6% |
| Recurring financial income | 75 | €1,201 | €197 | -€1,004 | -83.6% |
| Financial charges | 65/66B | €7,755 | €7,274 | -€481 | -6.2% |
| Recurring financial charges | 65 | €7,755 | €7,274 | -€481 | -6.2% |
| Profit (loss) for the period before taxes | 9903 | €58,899 | -€22,572 | -€81,471 | |
| Income taxes | 67/77 | €16,257 | €269 | -€15,988 | -98.3% |
| Profit (loss) for the period | 9904 | €42,642 | -€22,841 | -€65,483 | |
| Profit (loss) for the period to be appropriated | 9905 | €42,642 | -€22,841 | -€65,483 |
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.