TORMENTA: 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.
TORMENTA
Largest movements
- Receivables within one year -€21,466
down €21,466 (-58.9%), from €36,436 to €14,970
of which Trade receivables: -€27,892
- Cash -€6,560
down €6,560 (-74.0%), from €8,861 to €2,301
- Deferred charges and accrued income -€5,135
down €5,135 (-60.8%), from €8,450 to €3,315
- Tangible fixed assets -€4,467
no longer reported in 2025 (was €4,467)
of which Furniture and vehicles: -€2,425
- Tax, wage and social debts -€20,411
down €20,411 (-95.7%), from €21,335 to €925
of which Remuneration and social security: -€11,358
- Trade debts -€8,010
no longer reported in 2025 (was €8,010)
- Current portion of long-term debt -€4,424
no longer reported in 2025 (was €4,424)
- Profit (loss) carried forward -€3,137
down €3,137, from €720 to -€2,417
- Debts after one year -€2,223
no longer reported in 2025 (was €2,223)
- Gross operating margin -€57,911
down €57,911 (-94.2%), from €61,486 to €3,575
- Staff costs -€49,898
no longer reported in 2025 (was €49,898)
- Depreciation -€6,100
down €6,100 (-85.9%), from €7,100 to €1,000
- Taxes -€1,890
down €1,890 (-97.2%), from €1,944 to €54
From the 2023 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.
Derived cash bridge
A cash bridge needs two consecutive financial years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €58,214 | €20,586 | -€37,628 | -64.6% |
| Fixed assets | 21/28 | €4,467 | - | -€4,467 | |
| Tangible fixed assets | 22/27 | €4,467 | - | -€4,467 | |
| Land and buildings | 22 | €1,766 | - | -€1,766 | |
| Plant, machinery and equipment | 23 | €277 | - | -€277 | |
| Furniture and vehicles | 24 | €2,425 | - | -€2,425 | |
| Current assets | 29/58 | €53,747 | €20,586 | -€33,161 | -61.7% |
| Amounts receivable within one year | 40/41 | €36,436 | €14,970 | -€21,466 | -58.9% |
| Trade receivables | 40 | €32,862 | €4,970 | -€27,892 | -84.9% |
| Other amounts receivable | 41 | €3,574 | €10,000 | +€6,426 | +180% |
| Cash at bank and in hand | 54/58 | €8,861 | €2,301 | -€6,560 | -74.0% |
| Deferred charges and accrued income | 490/1 | €8,450 | €3,315 | -€5,135 | -60.8% |
| Total equity and liabilities | 10/49 | €58,214 | €20,586 | -€37,628 | -64.6% |
| Equity | 10/15 | €19,320 | €16,183 | -€3,137 | -16.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €720 | -€2,417 | -€3,137 | |
| Amounts payable | 17/49 | €38,893 | €4,403 | -€34,491 | -88.7% |
| Amounts payable after more than one year | 17 | €2,223 | - | -€2,223 | |
| Financial debts | 170/4 | €2,223 | - | -€2,223 | |
| Amounts payable within one year | 42/48 | €33,769 | €1,501 | -€32,268 | -95.6% |
| Current portion of amounts payable after more than one year | 42 | €4,424 | - | -€4,424 | |
| Trade debts | 44 | €8,010 | - | -€8,010 | |
| Suppliers | 440/4 | €8,010 | - | -€8,010 | |
| Taxes, remuneration and social security | 45 | €21,335 | €925 | -€20,411 | -95.7% |
| Taxes | 450/3 | €9,324 | €271 | -€9,053 | -97.1% |
| Remuneration and social security | 454/9 | €12,012 | €654 | -€11,358 | -94.6% |
| Other amounts payable | 47/48 | - | €577 | +€577 | |
| Accrued charges and deferred income | 492/3 | €2,901 | €2,901 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €49,898 | - | -€49,898 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,100 | €1,000 | -€6,100 | -85.9% |
| Other operating charges | 640/8 | €1,099 | €1,220 | +€120 | +10.9% |
| Gross operating margin | 9900 | €61,486 | €3,575 | -€57,911 | -94.2% |
| Operating profit (loss) | 9901 | €3,389 | €1,355 | -€2,033 | -60.0% |
| Financial charges | 65/66B | €119 | €61 | -€58 | -48.9% |
| Recurring financial charges | 65 | €119 | €61 | -€58 | -48.9% |
| Profit (loss) for the period before taxes | 9903 | €3,269 | €1,294 | -€1,975 | -60.4% |
| Income taxes | 67/77 | €1,944 | €54 | -€1,890 | -97.2% |
| Profit (loss) for the period | 9904 | €1,326 | €1,240 | -€85 | -6.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,326 | €1,240 | -€85 | -6.4% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.