TORN: 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.
TORN
Largest movements
- Tangible fixed assets -€57,747
down €57,747 (-5.9%), from €975,569 to €917,823
of which Plant, machinery and equipment: -€33,582
- Current investments -€13,543
down €13,543 (-99.9%), from €13,555 to €13
- Other debts -€94,115
down €94,115 (-55.1%), from €170,928 to €76,813
- Profit (loss) carried forward +€68,018
up €68,018 (+42.7%), from -€159,292 to -€91,274
- Debts after one year -€54,842
down €54,842 (-5.9%), from €935,806 to €880,964
of which Financial debts: -€54,842
- Gross operating margin +€64,687
up €64,687 (+60.6%), from €106,781 to €171,468
- Financial charges -€9,758
down €9,758 (-20.0%), from €48,850 to €39,093
- Financial income -€1,781
down €1,781 (-96.9%), from €1,838 to €57
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.
Derived cash bridge
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 | €1,022,749 | €949,547 | -€73,202 | -7.2% |
| Fixed assets | 21/28 | €975,569 | €917,823 | -€57,747 | -5.9% |
| Tangible fixed assets | 22/27 | €975,569 | €917,823 | -€57,747 | -5.9% |
| Land and buildings | 22 | €580,855 | €556,690 | -€24,165 | -4.2% |
| Plant, machinery and equipment | 23 | €394,714 | €361,133 | -€33,582 | -8.5% |
| Current assets | 29/58 | €47,180 | €31,724 | -€15,456 | -32.8% |
| Amounts receivable within one year | 40/41 | €15,480 | €21,271 | +€5,791 | +37.4% |
| Trade receivables | 40 | €12,113 | €17,603 | +€5,491 | +45.3% |
| Other amounts receivable | 41 | €3,368 | €3,668 | +€300 | +8.9% |
| Current investments | 50/53 | €13,555 | €13 | -€13,543 | -99.9% |
| Cash at bank and in hand | 54/58 | €14,765 | €10,440 | -€4,325 | -29.3% |
| Deferred charges and accrued income | 490/1 | €3,379 | - | -€3,379 | |
| Total equity and liabilities | 10/49 | €1,022,749 | €949,547 | -€73,202 | -7.2% |
| Equity | 10/15 | -€153,092 | -€85,074 | +€68,018 | +44.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€159,292 | -€91,274 | +€68,018 | +42.7% |
| Amounts payable | 17/49 | €1,175,841 | €1,034,621 | -€141,220 | -12.0% |
| Amounts payable after more than one year | 17 | €935,806 | €880,964 | -€54,842 | -5.9% |
| Financial debts | 170/4 | €932,316 | €877,474 | -€54,842 | -5.9% |
| Other amounts payable | 178/9 | €3,490 | €3,490 | = | 0.0% |
| Amounts payable within one year | 42/48 | €237,435 | €151,023 | -€86,412 | -36.4% |
| Current portion of amounts payable after more than one year | 42 | €54,842 | €54,842 | = | 0.0% |
| Trade debts | 44 | €11,665 | €19,368 | +€7,703 | +66.0% |
| Suppliers | 440/4 | €11,665 | €19,368 | +€7,703 | +66.0% |
| Other amounts payable | 47/48 | €170,928 | €76,813 | -€94,115 | -55.1% |
| Accrued charges and deferred income | 492/3 | €2,600 | €2,634 | +€34 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,660 | €57,747 | +€87 | +0.2% |
| Other operating charges | 640/8 | €7,433 | €6,669 | -€765 | -10.3% |
| Gross operating margin | 9900 | €106,781 | €171,468 | +€64,687 | +60.6% |
| Operating profit (loss) | 9901 | €41,688 | €107,053 | +€65,365 | +157% |
| Financial income | 75/76B | €1,838 | €57 | -€1,781 | -96.9% |
| Recurring financial income | 75 | €1,838 | €57 | -€1,781 | -96.9% |
| Financial charges | 65/66B | €48,850 | €39,093 | -€9,758 | -20.0% |
| Recurring financial charges | 65 | €48,850 | €39,093 | -€9,758 | -20.0% |
| Profit (loss) for the period before taxes | 9903 | -€5,324 | €68,018 | +€73,341 | |
| Profit (loss) for the period | 9904 | -€5,324 | €68,018 | +€73,341 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,324 | €68,018 | +€73,341 |
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 13 October 2026 via checked.be.