Torka: 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.
Torka
Largest movements
- Cash -€20,533
down €20,533 (-19.6%), from €104,862 to €84,329
mainly Other debts (-€120,304) and Receivables within one year (-€3,618)
- Receivables within one year +€3,618
up €3,618 (+7.9%), from €45,849 to €49,467
of which Other amounts receivable: +€5,054
- Deferred charges and accrued income -€2,352
down €2,352 (-44.7%), from €5,263 to €2,910
- Tangible fixed assets -€1,661
down €1,661 (-88.0%), from €1,887 to €226
- Other debts -€120,304
down €120,304 (-92.5%), from €130,000 to €9,696
- Profit (loss) carried forward +€104,544
up €104,544 (+3676.8%), from €2,843 to €107,387
- Accrued charges and deferred income -€3,061
down €3,061 (-100.0%), from €3,061 to €0
- Trade debts -€2,568
down €2,568 (-52.2%), from €4,925 to €2,357
- Gross operating margin +€35,876
up €35,876 (+34.9%), from €102,800 to €138,676
- Taxes +€10,811
up €10,811 (+50.5%), from €21,399 to €32,211
- Depreciation -€10,354
down €10,354 (-86.2%), from €12,015 to €1,661
- Financial charges -€2,513
down €2,513 (-93.6%), from €2,685 to €172
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 | €157,861 | €136,932 | -€20,929 | -13.3% |
| Fixed assets | 21/28 | €1,887 | €226 | -€1,661 | -88.0% |
| Tangible fixed assets | 22/27 | €1,887 | €226 | -€1,661 | -88.0% |
| Furniture and vehicles | 24 | €1,887 | €226 | -€1,661 | -88.0% |
| Current assets | 29/58 | €155,974 | €136,706 | -€19,268 | -12.4% |
| Amounts receivable within one year | 40/41 | €45,849 | €49,467 | +€3,618 | +7.9% |
| Trade receivables | 40 | €1,437 | €0 | -€1,437 | -100.0% |
| Other amounts receivable | 41 | €44,412 | €49,467 | +€5,054 | +11.4% |
| Cash at bank and in hand | 54/58 | €104,862 | €84,329 | -€20,533 | -19.6% |
| Deferred charges and accrued income | 490/1 | €5,263 | €2,910 | -€2,352 | -44.7% |
| Total equity and liabilities | 10/49 | €157,861 | €136,932 | -€20,929 | -13.3% |
| Equity | 10/15 | €3,843 | €108,387 | +€104,544 | +2720.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,843 | €107,387 | +€104,544 | +3676.8% |
| Amounts payable | 17/49 | €154,018 | €28,545 | -€125,473 | -81.5% |
| Amounts payable within one year | 42/48 | €150,957 | €28,545 | -€122,412 | -81.1% |
| Trade debts | 44 | €4,925 | €2,357 | -€2,568 | -52.2% |
| Suppliers | 440/4 | €4,925 | €2,357 | -€2,568 | -52.2% |
| Taxes, remuneration and social security | 45 | €16,032 | €16,493 | +€461 | +2.9% |
| Taxes | 450/3 | €16,032 | €14,493 | -€1,539 | -9.6% |
| Remuneration and social security | 454/9 | - | €2,000 | +€2,000 | |
| Other amounts payable | 47/48 | €130,000 | €9,696 | -€120,304 | -92.5% |
| Accrued charges and deferred income | 492/3 | €3,061 | €0 | -€3,061 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,015 | €1,661 | -€10,354 | -86.2% |
| Other operating charges | 640/8 | €1,225 | €1,221 | -€4 | -0.3% |
| Gross operating margin | 9900 | €102,800 | €138,676 | +€35,876 | +34.9% |
| Operating profit (loss) | 9901 | €89,560 | €135,794 | +€46,234 | +51.6% |
| Financial income | 75/76B | €2,140 | €1,133 | -€1,007 | -47.1% |
| Recurring financial income | 75 | €2,140 | €1,133 | -€1,007 | -47.1% |
| Financial charges | 65/66B | €2,685 | €172 | -€2,513 | -93.6% |
| Recurring financial charges | 65 | €2,685 | €172 | -€2,513 | -93.6% |
| Profit (loss) for the period before taxes | 9903 | €89,015 | €136,754 | +€47,740 | +53.6% |
| Income taxes | 67/77 | €21,399 | €32,211 | +€10,811 | +50.5% |
| Profit (loss) for the period | 9904 | €67,615 | €104,544 | +€36,928 | +54.6% |
| Profit (loss) for the period to be appropriated | 9905 | €67,615 | €104,544 | +€36,928 | +54.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.