TORINO CONSTRUCT: what changed
Two fiscal 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.
TORINO CONSTRUCT
Largest movements
- Receivables within one year -€22,323
down €22,323 (-11.4%), from €195,374 to €173,051
of which Trade receivables: -€28,969
- Tangible fixed assets -€11,962
down €11,962 (-36.5%), from €32,794 to €20,832
of which Furniture and vehicles: -€11,499
- Trade debts -€46,640
down €46,640 (-30.2%), from €154,268 to €107,628
- Other debts +€23,992
up €23,992 (+439.5%), from €5,459 to €29,451
- Profit (loss) carried forward -€21,701
down €21,701 (-51.1%), from €42,434 to €20,733
- Reserves +€8,577
new in 2024: €8,577
- Tax, wage and social debts +€6,167
up €6,167 (+29.7%), from €20,740 to €26,906
of which Remuneration and social security: +€5,836
- Gross operating margin -€30,097
down €30,097 (-75.1%), from €40,094 to €9,997
- Write-downs +€15,973
no longer reported in 2024 (was -€15,973)
- Taxes -€4,286
down €4,286 (-92.8%), from €4,617 to €331
- Other operating charges -€3,944
down €3,944 (-92.1%), from €4,281 to €336
- Staff costs -€3,907
down €3,907 (-19.4%), from €20,125 to €16,219
From the 2023 result to the 2024 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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €228,494 | €194,909 | -€33,585 | -14.7% |
| Fixed assets | 21/28 | €32,794 | €21,532 | -€11,262 | -34.3% |
| Tangible fixed assets | 22/27 | €32,794 | €20,832 | -€11,962 | -36.5% |
| Plant, machinery and equipment | 23 | €1,147 | €684 | -€463 | -40.3% |
| Furniture and vehicles | 24 | €31,647 | €20,148 | -€11,499 | -36.3% |
| Financial fixed assets | 28 | - | €700 | +€700 | |
| Current assets | 29/58 | €195,700 | €173,377 | -€22,323 | -11.4% |
| Amounts receivable within one year | 40/41 | €195,374 | €173,051 | -€22,323 | -11.4% |
| Trade receivables | 40 | €186,730 | €157,761 | -€28,969 | -15.5% |
| Other amounts receivable | 41 | €8,644 | €15,290 | +€6,646 | +76.9% |
| Deferred charges and accrued income | 490/1 | €327 | €327 | = | 0.0% |
| Total equity and liabilities | 10/49 | €228,494 | €194,909 | -€33,585 | -14.7% |
| Equity | 10/15 | €44,034 | €30,910 | -€13,124 | -29.8% |
| Contributions | 10/11 | €1,600 | €1,600 | = | 0.0% |
| Reserves | 13 | - | €8,577 | +€8,577 | |
| Non-distributable reserves | 130/1 | - | €8,577 | +€8,577 | |
| Own shares acquired | 1312 | - | €8,577 | +€8,577 | |
| Profit (loss) carried forward | 14 | €42,434 | €20,733 | -€21,701 | -51.1% |
| Amounts payable | 17/49 | €184,461 | €163,999 | -€20,462 | -11.1% |
| Amounts payable within one year | 42/48 | €184,447 | €163,986 | -€20,462 | -11.1% |
| Financial debts | 43 | €3,980 | - | -€3,980 | |
| Credit institutions | 430/8 | €3,980 | - | -€3,980 | |
| Trade debts | 44 | €154,268 | €107,628 | -€46,640 | -30.2% |
| Suppliers | 440/4 | €154,268 | €107,628 | -€46,640 | -30.2% |
| Taxes, remuneration and social security | 45 | €20,740 | €26,906 | +€6,167 | +29.7% |
| Taxes | 450/3 | €15,223 | €15,554 | +€331 | +2.2% |
| Remuneration and social security | 454/9 | €5,516 | €11,352 | +€5,836 | +105.8% |
| Other amounts payable | 47/48 | €5,459 | €29,451 | +€23,992 | +439.5% |
| Accrued charges and deferred income | 492/3 | €13 | €13 | = | 0.0% |
| Non-recurring operating income | 76A | - | €20,562 | +€20,562 | |
| Remuneration, social security and pensions | 62 | €20,125 | €16,219 | -€3,907 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,150 | €10,857 | +€3,707 | +51.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€15,973 | - | +€15,973 | |
| Other operating charges | 640/8 | €4,281 | €336 | -€3,944 | -92.1% |
| Non-recurring operating charges | 66A | €1,800 | €3,799 | +€1,999 | +111.1% |
| Gross operating margin | 9900 | €40,094 | €9,997 | -€30,097 | -75.1% |
| Operating profit (loss) | 9901 | €22,712 | -€21,214 | -€43,926 | |
| Financial income | 75/76B | €1 | €372 | +€372 | +74324.0% |
| Recurring financial income | 75 | €1 | €372 | +€372 | +74324.0% |
| Financial charges | 65/66B | €649 | €528 | -€122 | -18.7% |
| Recurring financial charges | 65 | €649 | €528 | -€122 | -18.7% |
| Profit (loss) for the period before taxes | 9903 | €22,063 | -€21,370 | -€43,432 | |
| Income taxes | 67/77 | €4,617 | €331 | -€4,286 | -92.8% |
| Profit (loss) for the period | 9904 | €17,446 | -€21,701 | -€39,146 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,446 | -€21,701 | -€39,146 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.