Tormans M.: 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.
Tormans M.
Largest movements
- Cash +€32,681
up €32,681 (+159.3%), from €20,513 to €53,195
mainly Net result for the year (+€45,687) and Receivables within one year (+€5,399)
- Receivables after one year +€20,000
new in 2025: €20,000
- Receivables within one year -€5,399
down €5,399 (-37.5%), from €14,408 to €9,009
of which Trade receivables: -€4,093
- Reserves +€45,750
up €45,750 (+210.3%), from €21,750 to €67,500
- Tax, wage and social debts +€1,592
up €1,592 (+24.9%), from €6,390 to €7,982
- Gross operating margin +€30,428
up €30,428 (+108.5%), from €28,040 to €58,468
- Taxes +€6,321
up €6,321 (+113.6%), from €5,563 to €11,884
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 | €35,674 | €83,207 | +€47,533 | +133.2% |
| Current assets | 29/58 | €35,674 | €83,207 | +€47,533 | +133.2% |
| Amounts receivable after more than one year | 29 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 291 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €14,408 | €9,009 | -€5,399 | -37.5% |
| Trade receivables | 40 | €13,091 | €8,998 | -€4,093 | -31.3% |
| Other amounts receivable | 41 | €1,318 | €12 | -€1,306 | -99.1% |
| Cash at bank and in hand | 54/58 | €20,513 | €53,195 | +€32,681 | +159.3% |
| Deferred charges and accrued income | 490/1 | €753 | €1,003 | +€250 | +33.2% |
| Total equity and liabilities | 10/49 | €35,674 | €83,207 | +€47,533 | +133.2% |
| Equity | 10/15 | €22,959 | €68,646 | +€45,687 | +199.0% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €21,750 | €67,500 | +€45,750 | +210.3% |
| Distributable reserves | 133 | €21,750 | €67,500 | +€45,750 | +210.3% |
| Profit (loss) carried forward | 14 | €209 | €146 | -€63 | -30.0% |
| Amounts payable | 17/49 | €12,715 | €14,561 | +€1,845 | +14.5% |
| Amounts payable within one year | 42/48 | €11,965 | €13,561 | +€1,595 | +13.3% |
| Trade debts | 44 | €364 | €378 | +€14 | +3.9% |
| Suppliers | 440/4 | €364 | €378 | +€14 | +3.9% |
| Taxes, remuneration and social security | 45 | €6,390 | €7,982 | +€1,592 | +24.9% |
| Taxes | 450/3 | €6,390 | €7,982 | +€1,592 | +24.9% |
| Other amounts payable | 47/48 | €5,211 | €5,201 | -€11 | -0.2% |
| Accrued charges and deferred income | 492/3 | €750 | €1,000 | +€250 | +33.3% |
| Other operating charges | 640/8 | €179 | €388 | +€209 | +116.4% |
| Gross operating margin | 9900 | €28,040 | €58,468 | +€30,428 | +108.5% |
| Operating profit (loss) | 9901 | €27,861 | €58,080 | +€30,219 | +108.5% |
| Financial income | 75/76B | - | €217 | +€217 | |
| Recurring financial income | 75 | - | €217 | +€217 | |
| Financial charges | 65/66B | €339 | €726 | +€387 | +114.2% |
| Recurring financial charges | 65 | €339 | €726 | +€387 | +114.2% |
| Profit (loss) for the period before taxes | 9903 | €27,522 | €57,572 | +€30,049 | +109.2% |
| Income taxes | 67/77 | €5,563 | €11,884 | +€6,321 | +113.6% |
| Profit (loss) for the period | 9904 | €21,959 | €45,687 | +€23,728 | +108.1% |
| Profit (loss) for the period to be appropriated | 9905 | €21,959 | €45,687 | +€23,728 | +108.1% |
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 8 October 2026 via checked.be.