TORMAECO: 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.
TORMAECO
Largest movements
- Current investments +€450,000
new in 2024: €450,000
- Cash -€431,929
down €431,929 (-86.2%), from €500,966 to €69,038
mainly Current investments (-€450,000) and Other debts (-€13,500)
- Tangible fixed assets -€27,812
down €27,812 (-6.5%), from €431,104 to €403,292
- Other debts -€13,500
down €13,500 (-23.0%), from €58,738 to €45,238
- Gross operating margin -€9,117
down €9,117 (-20.3%), from €44,887 to €35,770
- Financial income +€8,051
up €8,051 (+492.9%), from €1,634 to €9,684
- Depreciation -€1,549
down €1,549 (-5.3%), from €29,361 to €27,812
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
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €934,497 | €928,144 | -€6,353 | -0.7% |
| Fixed assets | 21/28 | €431,104 | €403,292 | -€27,812 | -6.5% |
| Tangible fixed assets | 22/27 | €431,104 | €403,292 | -€27,812 | -6.5% |
| Land and buildings | 22 | €431,104 | €403,292 | -€27,812 | -6.5% |
| Current assets | 29/58 | €503,393 | €524,852 | +€21,459 | +4.3% |
| Amounts receivable within one year | 40/41 | €490 | €3,395 | +€2,905 | +592.9% |
| Other amounts receivable | 41 | €490 | €3,395 | +€2,905 | +592.9% |
| Current investments | 50/53 | - | €450,000 | +€450,000 | |
| Cash at bank and in hand | 54/58 | €500,966 | €69,038 | -€431,929 | -86.2% |
| Deferred charges and accrued income | 490/1 | €1,937 | €2,419 | +€482 | +24.9% |
| Total equity and liabilities | 10/49 | €934,497 | €928,144 | -€6,353 | -0.7% |
| Equity | 10/15 | €875,634 | €881,647 | +€6,013 | +0.7% |
| Contributions | 10/11 | €997,000 | €997,000 | = | 0.0% |
| Reserves | 13 | €58,216 | €58,216 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €58,216 | €58,216 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€179,582 | -€173,569 | +€6,013 | +3.3% |
| Amounts payable | 17/49 | €58,863 | €46,497 | -€12,366 | -21.0% |
| Amounts payable within one year | 42/48 | €58,763 | €45,238 | -€13,525 | -23.0% |
| Trade debts | 44 | €25 | €0 | -€25 | -100.0% |
| Suppliers | 440/4 | €25 | €0 | -€25 | -100.0% |
| Other amounts payable | 47/48 | €58,738 | €45,238 | -€13,500 | -23.0% |
| Accrued charges and deferred income | 492/3 | €100 | €1,259 | +€1,159 | +1158.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,361 | €27,812 | -€1,549 | -5.3% |
| Other operating charges | 640/8 | €10,786 | €11,231 | +€445 | +4.1% |
| Gross operating margin | 9900 | €44,887 | €35,770 | -€9,117 | -20.3% |
| Operating profit (loss) | 9901 | €4,740 | -€3,273 | -€8,012 | |
| Financial income | 75/76B | €1,634 | €9,684 | +€8,051 | +492.9% |
| Recurring financial income | 75 | €1,634 | €9,684 | +€8,051 | +492.9% |
| Financial charges | 65/66B | €394 | €398 | +€5 | +1.1% |
| Recurring financial charges | 65 | €394 | €398 | +€5 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | €5,979 | €6,013 | +€34 | +0.6% |
| Profit (loss) for the period | 9904 | €5,979 | €6,013 | +€34 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €5,979 | €6,013 | +€34 | +0.6% |
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 28 September 2026 via checked.be.