Tormeco: 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.
Tormeco
Largest movements
- Cash +€40,377
up €40,377 (+89.0%), from €45,385 to €85,762
mainly Net result for the year (+€41,878) and Depreciation (+€37,476)
- Tangible fixed assets -€37,476
down €37,476 (-3.9%), from €959,968 to €922,492
of which Land and buildings: -€36,976
- Profit (loss) carried forward +€167,823
no longer reported in 2025 (was -€167,823)
- Reserves -€126,471
down €126,471 (-92.4%), from €136,904 to €10,432
of which Distributable reserves: -€131,479
- Debts after one year -€35,000
down €35,000 (-4.7%), from €750,000 to €715,000
- Other debts +€18,367
up €18,367 (+444.0%), from €4,137 to €22,504
- Contributions -€17,650
down €17,650 (-6.2%), from €285,400 to €267,750
- Other operating charges +€7,647
up €7,647 (+89.2%), from €8,569 to €16,217
- Gross operating margin +€1,565
up €1,565 (+1.7%), from €94,154 to €95,719
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 | €1,009,123 | €1,016,627 | +€7,505 | +0.7% |
| Fixed assets | 21/28 | €959,968 | €922,492 | -€37,476 | -3.9% |
| Tangible fixed assets | 22/27 | €959,968 | €922,492 | -€37,476 | -3.9% |
| Land and buildings | 22 | €958,154 | €921,178 | -€36,976 | -3.9% |
| Plant, machinery and equipment | 23 | €1,814 | €1,314 | -€500 | -27.6% |
| Current assets | 29/58 | €49,154 | €94,135 | +€44,981 | +91.5% |
| Amounts receivable within one year | 40/41 | €2,503 | €5,107 | +€2,604 | +104.0% |
| Other amounts receivable | 41 | €2,503 | €5,107 | +€2,604 | +104.0% |
| Cash at bank and in hand | 54/58 | €45,385 | €85,762 | +€40,377 | +89.0% |
| Deferred charges and accrued income | 490/1 | €1,266 | €3,266 | +€2,000 | +158.0% |
| Total equity and liabilities | 10/49 | €1,009,123 | €1,016,627 | +€7,505 | +0.7% |
| Equity | 10/15 | €254,481 | €278,183 | +€23,702 | +9.3% |
| Contributions | 10/11 | €285,400 | €267,750 | -€17,650 | -6.2% |
| Reserves | 13 | €136,904 | €10,432 | -€126,471 | -92.4% |
| Tax-exempt reserves | 132 | - | €5,008 | +€5,008 | |
| Distributable reserves | 133 | €136,904 | €5,424 | -€131,479 | -96.0% |
| Profit (loss) carried forward | 14 | -€167,823 | - | +€167,823 | |
| Amounts payable | 17/49 | €754,642 | €738,445 | -€16,197 | -2.1% |
| Amounts payable after more than one year | 17 | €750,000 | €715,000 | -€35,000 | -4.7% |
| Financial debts | 170/4 | €750,000 | €715,000 | -€35,000 | -4.7% |
| Amounts payable within one year | 42/48 | €4,642 | €23,445 | +€18,803 | +405.1% |
| Trade debts | 44 | - | €262 | +€262 | |
| Suppliers | 440/4 | - | €262 | +€262 | |
| Taxes, remuneration and social security | 45 | €505 | €679 | +€173 | +34.3% |
| Taxes | 450/3 | €505 | €679 | +€173 | +34.3% |
| Other amounts payable | 47/48 | €4,137 | €22,504 | +€18,367 | +444.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,476 | €37,476 | = | 0.0% |
| Other operating charges | 640/8 | €8,569 | €16,217 | +€7,647 | +89.2% |
| Gross operating margin | 9900 | €94,154 | €95,719 | +€1,565 | +1.7% |
| Operating profit (loss) | 9901 | €48,108 | €42,026 | -€6,082 | -12.6% |
| Financial income | 75/76B | - | €143 | +€143 | |
| Recurring financial income | 75 | - | €143 | +€143 | |
| Financial charges | 65/66B | €353 | €27 | -€325 | -92.3% |
| Recurring financial charges | 65 | €353 | €27 | -€325 | -92.3% |
| Profit (loss) for the period before taxes | 9903 | €47,756 | €42,142 | -€5,614 | -11.8% |
| Income taxes | 67/77 | €257 | €264 | +€7 | +2.5% |
| Profit (loss) for the period | 9904 | €47,499 | €41,878 | -€5,621 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €47,499 | €41,878 | -€5,621 | -11.8% |
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 7 October 2026 via checked.be.