Tormans Concepts: what changed
Two financial 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.
Tormans Concepts
Largest movements
- Deferred charges and accrued income +€159,248
up €159,248 (+778.1%), from €20,465 to €179,713
- Receivables within one year -€107,126
down €107,126 (-90.6%), from €118,259 to €11,132
- Tangible fixed assets -€48,680
down €48,680 (-5.9%), from €826,713 to €778,033
- Other debts +€120,063
up €120,063 (+42.9%), from €279,798 to €399,861
- Tax, wage and social debts -€57,171
down €57,171 (-90.3%), from €63,335 to €6,164
- Profit (loss) carried forward -€55,106
new in 2025: -€55,106
- Current portion of long-term debt -€32,075
down €32,075 (-66.4%), from €48,272 to €16,197
- Short-term financial debts +€24,587
new in 2025: €24,587
- Write-downs +€75,351
new in 2025: €75,351
- Depreciation +€15,390
up €15,390 (+40.5%), from €38,009 to €53,400
- Other operating charges -€12,486
down €12,486 (-93.5%), from €13,352 to €867
- Gross operating margin +€7,466
up €7,466 (+9.7%), from €77,254 to €84,720
- Taxes -€5,967
down €5,967 (-96.8%), from €6,164 to €197
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 | €977,708 | €976,278 | -€1,430 | -0.1% |
| Formation expenses | 20 | €11,522 | €6,802 | -€4,719 | -41.0% |
| Fixed assets | 21/28 | €827,213 | €778,533 | -€48,680 | -5.9% |
| Tangible fixed assets | 22/27 | €826,713 | €778,033 | -€48,680 | -5.9% |
| Land and buildings | 22 | €702,504 | €681,682 | -€20,822 | -3.0% |
| Plant, machinery and equipment | 23 | €92,618 | €78,324 | -€14,295 | -15.4% |
| Furniture and vehicles | 24 | €31,591 | €18,027 | -€13,563 | -42.9% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €138,973 | €190,942 | +€51,970 | +37.4% |
| Amounts receivable within one year | 40/41 | €118,259 | €11,132 | -€107,126 | -90.6% |
| Other amounts receivable | 41 | €118,259 | €11,132 | -€107,126 | -90.6% |
| Cash at bank and in hand | 54/58 | €249 | €97 | -€152 | -61.2% |
| Deferred charges and accrued income | 490/1 | €20,465 | €179,713 | +€159,248 | +778.1% |
| Total equity and liabilities | 10/49 | €977,708 | €976,278 | -€1,430 | -0.1% |
| Equity | 10/15 | €77,677 | €22,570 | -€55,106 | -70.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €59,077 | €59,077 | = | 0.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €59,077 | €59,077 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€55,106 | -€55,106 | |
| Amounts payable | 17/49 | €900,031 | €953,707 | +€53,676 | +6.0% |
| Amounts payable after more than one year | 17 | €456,299 | €456,299 | = | 0.0% |
| Financial debts | 170/4 | €456,299 | €456,299 | = | 0.0% |
| Amounts payable within one year | 42/48 | €438,482 | €497,408 | +€58,926 | +13.4% |
| Current portion of amounts payable after more than one year | 42 | €48,272 | €16,197 | -€32,075 | -66.4% |
| Financial debts | 43 | - | €24,587 | +€24,587 | |
| Credit institutions | 430/8 | - | €24,587 | +€24,587 | |
| Trade debts | 44 | €47,077 | €50,598 | +€3,521 | +7.5% |
| Suppliers | 440/4 | €47,077 | €50,598 | +€3,521 | +7.5% |
| Taxes, remuneration and social security | 45 | €63,335 | €6,164 | -€57,171 | -90.3% |
| Taxes | 450/3 | €63,335 | €6,164 | -€57,171 | -90.3% |
| Other amounts payable | 47/48 | €279,798 | €399,861 | +€120,063 | +42.9% |
| Accrued charges and deferred income | 492/3 | €5,250 | €0 | -€5,250 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,009 | €53,400 | +€15,390 | +40.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €75,351 | +€75,351 | |
| Other operating charges | 640/8 | €13,352 | €867 | -€12,486 | -93.5% |
| Non-recurring operating charges | 66A | €1,060 | €0 | -€1,060 | -100.0% |
| Gross operating margin | 9900 | €77,254 | €84,720 | +€7,466 | +9.7% |
| Operating profit (loss) | 9901 | €24,833 | -€44,897 | -€69,729 | |
| Financial income | 75/76B | €120 | €1 | -€120 | -99.4% |
| Recurring financial income | 75 | €120 | €1 | -€120 | -99.4% |
| Financial charges | 65/66B | €11,571 | €10,013 | -€1,559 | -13.5% |
| Recurring financial charges | 65 | €11,571 | €10,013 | -€1,559 | -13.5% |
| Profit (loss) for the period before taxes | 9903 | €13,382 | -€54,909 | -€68,290 | |
| Income taxes | 67/77 | €6,164 | €197 | -€5,967 | -96.8% |
| Profit (loss) for the period | 9904 | €7,217 | -€55,106 | -€62,324 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,217 | -€55,106 | -€62,324 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.