Tornado: 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.
Tornado
Largest movements
- Tangible fixed assets +€44,487
up €44,487 (+4.4%), from €1.0m to €1.1m
of which Other tangible fixed assets: +€87,633
- Receivables within one year -€22,559
down €22,559 (-77.8%), from €28,989 to €6,430
- Other debts +€100,000
up €100,000 (+100.0%), from €100,000 to €200,000
- Reserves -€34,000
down €34,000 (-3.5%), from €960,676 to €926,676
of which Distributable reserves: -€34,000
- Trade debts -€27,902
down €27,902 (-52.9%), from €52,766 to €24,864
- Tax, wage and social debts -€13,584
down €13,584 (-64.5%), from €21,068 to €7,484
- Gross operating margin +€29,088
up €29,088 (+20.3%), from €143,086 to €172,174
- Depreciation +€12,712
up €12,712 (+25.8%), from €49,242 to €61,954
- Taxes +€5,250
up €5,250 (+39.4%), from €13,320 to €18,570
- Other operating charges -€2,636
down €2,636 (-13.2%), from €19,941 to €17,305
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 | €1,221,621 | €1,246,009 | +€24,388 | +2.0% |
| Fixed assets | 21/28 | €1,020,119 | €1,064,606 | +€44,487 | +4.4% |
| Tangible fixed assets | 22/27 | €1,020,119 | €1,064,606 | +€44,487 | +4.4% |
| Land and buildings | 22 | €852,903 | €852,903 | = | 0.0% |
| Plant, machinery and equipment | 23 | €93,477 | €46,914 | -€46,563 | -49.8% |
| Furniture and vehicles | 24 | - | €3,417 | +€3,417 | |
| Other tangible fixed assets | 26 | €73,739 | €161,372 | +€87,633 | +118.8% |
| Current assets | 29/58 | €201,502 | €181,403 | -€20,099 | -10.0% |
| Stocks and contracts in progress | 3 | €5,303 | €2,873 | -€2,430 | -45.8% |
| Stocks | 30/36 | €5,303 | €2,873 | -€2,430 | -45.8% |
| Amounts receivable within one year | 40/41 | €28,989 | €6,430 | -€22,559 | -77.8% |
| Other amounts receivable | 41 | €28,989 | €6,430 | -€22,559 | -77.8% |
| Cash at bank and in hand | 54/58 | €162,310 | €167,148 | +€4,837 | +3.0% |
| Deferred charges and accrued income | 490/1 | €4,900 | €4,953 | +€53 | +1.1% |
| Total equity and liabilities | 10/49 | €1,221,621 | €1,246,009 | +€24,388 | +2.0% |
| Equity | 10/15 | €1,047,787 | €1,013,660 | -€34,126 | -3.3% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Reserves | 13 | €960,676 | €926,676 | -€34,000 | -3.5% |
| Non-distributable reserves | 130/1 | €8,676 | €8,676 | = | 0.0% |
| Legal reserve | 130 | €8,676 | €8,676 | = | 0.0% |
| Distributable reserves | 133 | €952,000 | €918,000 | -€34,000 | -3.6% |
| Profit (loss) carried forward | 14 | €348 | €221 | -€126 | -36.3% |
| Amounts payable | 17/49 | €173,834 | €232,348 | +€58,514 | +33.7% |
| Amounts payable within one year | 42/48 | €173,834 | €232,348 | +€58,514 | +33.7% |
| Trade debts | 44 | €52,766 | €24,864 | -€27,902 | -52.9% |
| Suppliers | 440/4 | €52,766 | €24,864 | -€27,902 | -52.9% |
| Taxes, remuneration and social security | 45 | €21,068 | €7,484 | -€13,584 | -64.5% |
| Taxes | 450/3 | €21,068 | €7,484 | -€13,584 | -64.5% |
| Other amounts payable | 47/48 | €100,000 | €200,000 | +€100,000 | +100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,242 | €61,954 | +€12,712 | +25.8% |
| Other operating charges | 640/8 | €19,941 | €17,305 | -€2,636 | -13.2% |
| Non-recurring operating charges | 66A | €12,959 | €6,125 | -€6,834 | -52.7% |
| Gross operating margin | 9900 | €143,086 | €172,174 | +€29,088 | +20.3% |
| Operating profit (loss) | 9901 | €60,943 | €86,789 | +€25,846 | +42.4% |
| Financial income | 75/76B | €1 | €5 | +€4 | +411.3% |
| Recurring financial income | 75 | €1 | €5 | +€4 | +411.3% |
| Financial charges | 65/66B | €1,231 | €2,351 | +€1,119 | +90.9% |
| Recurring financial charges | 65 | €1,231 | €2,351 | +€1,119 | +90.9% |
| Profit (loss) for the period before taxes | 9903 | €59,713 | €84,444 | +€24,731 | +41.4% |
| Income taxes | 67/77 | €13,320 | €18,570 | +€5,250 | +39.4% |
| Profit (loss) for the period | 9904 | €46,393 | €65,874 | +€19,481 | +42.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,393 | €65,874 | +€19,481 | +42.0% |
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 30 September 2026 via checked.be.