TORLET BENOIT: 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.
TORLET BENOIT
Largest movements
- Receivables within one year +€226,630
up €226,630 (+79.0%), from €286,820 to €513,450
of which Trade receivables: +€203,504
- Tangible fixed assets +€186,791
up €186,791 (+201.5%), from €92,686 to €279,477
of which Furniture and vehicles: +€149,291
- Cash -€102,123
down €102,123 (-91.4%), from €111,784 to €9,661
mainly Investment in fixed assets (net) (-€246,938) and Receivables within one year (-€226,630)
- Debts after one year +€148,576
up €148,576 (+11924.2%), from €1,246 to €149,822
- Trade debts +€83,826
up €83,826 (+150.4%), from €55,746 to €139,572
- Reserves +€31,670
up €31,670 (+8.8%), from €359,428 to €391,098
of which Distributable reserves: +€31,670
- Current portion of long-term debt +€27,379
up €27,379 (+94.0%), from €29,127 to €56,506
- Other debts +€24,422
up €24,422 (+40036.1%), from €61 to €24,483
- Staff costs +€61,207
up €61,207 (+40.4%), from €151,469 to €212,676
- Gross operating margin +€57,905
up €57,905 (+20.7%), from €279,671 to €337,576
- Write-downs -€25,254
down €25,254 (-95.2%), from €26,535 to €1,281
- Depreciation +€17,622
up €17,622 (+41.4%), from €42,525 to €60,147
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 | €528,896 | €841,042 | +€312,146 | +59.0% |
| Fixed assets | 21/28 | €93,016 | €279,807 | +€186,791 | +200.8% |
| Tangible fixed assets | 22/27 | €92,686 | €279,477 | +€186,791 | +201.5% |
| Furniture and vehicles | 24 | €72,261 | €221,552 | +€149,291 | +206.6% |
| Leasing and similar rights | 25 | €20,425 | €57,925 | +€37,500 | +183.6% |
| Financial fixed assets | 28 | €330 | €330 | = | 0.0% |
| Current assets | 29/58 | €435,880 | €561,235 | +€125,355 | +28.8% |
| Stocks and contracts in progress | 3 | €24,324 | €18,628 | -€5,696 | -23.4% |
| Stocks | 30/36 | €24,324 | €18,628 | -€5,696 | -23.4% |
| Amounts receivable within one year | 40/41 | €286,820 | €513,450 | +€226,630 | +79.0% |
| Trade receivables | 40 | €276,813 | €480,317 | +€203,504 | +73.5% |
| Other amounts receivable | 41 | €10,007 | €33,133 | +€23,126 | +231.1% |
| Cash at bank and in hand | 54/58 | €111,784 | €9,661 | -€102,123 | -91.4% |
| Deferred charges and accrued income | 490/1 | €12,952 | €19,496 | +€6,544 | +50.5% |
| Total equity and liabilities | 10/49 | €528,896 | €841,042 | +€312,146 | +59.0% |
| Equity | 10/15 | €379,428 | €411,098 | +€31,670 | +8.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €359,428 | €391,098 | +€31,670 | +8.8% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €357,428 | €389,098 | +€31,670 | +8.9% |
| Amounts payable | 17/49 | €149,468 | €429,944 | +€280,476 | +187.6% |
| Amounts payable after more than one year | 17 | €1,246 | €149,822 | +€148,576 | +11924.2% |
| Financial debts | 170/4 | €1,246 | €149,822 | +€148,576 | +11924.2% |
| Amounts payable within one year | 42/48 | €148,222 | €280,122 | +€131,900 | +89.0% |
| Current portion of amounts payable after more than one year | 42 | €29,127 | €56,506 | +€27,379 | +94.0% |
| Trade debts | 44 | €55,746 | €139,572 | +€83,826 | +150.4% |
| Suppliers | 440/4 | €55,746 | €139,572 | +€83,826 | +150.4% |
| Taxes, remuneration and social security | 45 | €63,288 | €59,561 | -€3,727 | -5.9% |
| Taxes | 450/3 | €25,540 | €17,814 | -€7,726 | -30.3% |
| Remuneration and social security | 454/9 | €37,748 | €41,747 | +€3,999 | +10.6% |
| Other amounts payable | 47/48 | €61 | €24,483 | +€24,422 | +40036.1% |
| Remuneration, social security and pensions | 62 | €151,469 | €212,676 | +€61,207 | +40.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,525 | €60,147 | +€17,622 | +41.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €26,535 | €1,281 | -€25,254 | -95.2% |
| Other operating charges | 640/8 | €11,800 | €13,789 | +€1,989 | +16.9% |
| Gross operating margin | 9900 | €279,671 | €337,576 | +€57,905 | +20.7% |
| Operating profit (loss) | 9901 | €47,342 | €49,683 | +€2,341 | +4.9% |
| Financial income | 75/76B | €201 | €124 | -€77 | -38.3% |
| Recurring financial income | 75 | €201 | €124 | -€77 | -38.3% |
| Financial charges | 65/66B | €5,660 | €6,921 | +€1,261 | +22.3% |
| Recurring financial charges | 65 | €5,660 | €6,921 | +€1,261 | +22.3% |
| Profit (loss) for the period before taxes | 9903 | €41,883 | €42,886 | +€1,003 | +2.4% |
| Income taxes | 67/77 | €12,892 | €11,216 | -€1,676 | -13.0% |
| Profit (loss) for the period | 9904 | €28,991 | €31,670 | +€2,679 | +9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €28,991 | €31,670 | +€2,679 | +9.2% |
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 1 October 2026 via checked.be.