TORMACO: 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.
TORMACO
Largest movements
- Receivables within one year +€31,402
up €31,402 (+9731.4%), from €323 to €31,725
of which Trade receivables: +€31,725
- Tangible fixed assets -€21,230
down €21,230 (-7.3%), from €291,406 to €270,176
of which Furniture and vehicles: -€12,773
- Debts after one year -€45,256
down €45,256 (-68.7%), from €65,838 to €20,582
of which Financial debts: -€45,256
- Reserves +€43,223
up €43,223 (+18.4%), from €234,750 to €277,972
- Tax, wage and social debts +€9,591
up €9,591 (+93.0%), from €10,314 to €19,906
- Other debts +€4,793
up €4,793 (+30.4%), from €15,789 to €20,582
- Gross operating margin -€10,872
down €10,872 (-7.6%), from €142,990 to €132,119
- Depreciation +€3,511
up €3,511 (+10.9%), from €32,267 to €35,777
- Financial charges -€1,505
down €1,505 (-28.2%), from €5,346 to €3,840
- Taxes -€1,462
down €1,462 (-5.3%), from €27,629 to €26,167
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 | €391,825 | €399,812 | +€7,987 | +2.0% |
| Fixed assets | 21/28 | €291,406 | €270,176 | -€21,230 | -7.3% |
| Tangible fixed assets | 22/27 | €291,406 | €270,176 | -€21,230 | -7.3% |
| Plant, machinery and equipment | 23 | €302 | €193 | -€109 | -36.2% |
| Furniture and vehicles | 24 | €78,630 | €65,857 | -€12,773 | -16.2% |
| Other tangible fixed assets | 26 | €212,474 | €204,126 | -€8,348 | -3.9% |
| Current assets | 29/58 | €100,419 | €129,636 | +€29,217 | +29.1% |
| Amounts receivable within one year | 40/41 | €323 | €31,725 | +€31,402 | +9731.4% |
| Trade receivables | 40 | - | €31,725 | +€31,725 | |
| Other amounts receivable | 41 | €323 | €0 | -€323 | -100.0% |
| Cash at bank and in hand | 54/58 | €98,487 | €97,358 | -€1,128 | -1.1% |
| Deferred charges and accrued income | 490/1 | €1,610 | €553 | -€1,057 | -65.6% |
| Total equity and liabilities | 10/49 | €391,825 | €399,812 | +€7,987 | +2.0% |
| Equity | 10/15 | €247,150 | €290,372 | +€43,223 | +17.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €234,750 | €277,972 | +€43,223 | +18.4% |
| Distributable reserves | 133 | €234,750 | €277,972 | +€43,223 | +18.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €144,675 | €109,440 | -€35,236 | -24.4% |
| Amounts payable after more than one year | 17 | €65,838 | €20,582 | -€45,256 | -68.7% |
| Financial debts | 170/4 | €65,238 | €19,982 | -€45,256 | -69.4% |
| Other amounts payable | 178/9 | €600 | €600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €78,837 | €88,858 | +€10,020 | +12.7% |
| Current portion of amounts payable after more than one year | 42 | €49,123 | €45,256 | -€3,867 | -7.9% |
| Trade debts | 44 | €3,611 | €3,114 | -€497 | -13.8% |
| Suppliers | 440/4 | €3,611 | €3,114 | -€497 | -13.8% |
| Taxes, remuneration and social security | 45 | €10,314 | €19,906 | +€9,591 | +93.0% |
| Taxes | 450/3 | €10,314 | €19,906 | +€9,591 | +93.0% |
| Other amounts payable | 47/48 | €15,789 | €20,582 | +€4,793 | +30.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,267 | €35,777 | +€3,511 | +10.9% |
| Other operating charges | 640/8 | €4,143 | €3,199 | -€944 | -22.8% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €142,990 | €132,119 | -€10,872 | -7.6% |
| Operating profit (loss) | 9901 | €106,580 | €93,142 | -€13,438 | -12.6% |
| Financial income | 75/76B | €564 | €590 | +€26 | +4.6% |
| Recurring financial income | 75 | €564 | €590 | +€26 | +4.6% |
| Financial charges | 65/66B | €5,346 | €3,840 | -€1,505 | -28.2% |
| Recurring financial charges | 65 | €5,346 | €3,840 | -€1,505 | -28.2% |
| Profit (loss) for the period before taxes | 9903 | €101,799 | €89,892 | -€11,906 | -11.7% |
| Income taxes | 67/77 | €27,629 | €26,167 | -€1,462 | -5.3% |
| Profit (loss) for the period | 9904 | €74,170 | €63,725 | -€10,445 | -14.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,170 | €63,725 | -€10,445 | -14.1% |
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 30 September 2026 via checked.be.