TORNADO COLORS: 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 COLORS
Largest movements
- Tangible fixed assets -€206,733
down €206,733 (-8.0%), from €2.6m to €2.4m
of which Land and buildings: -€186,926
- Cash +€41,707
up €41,707 (+54.9%), from €75,990 to €117,698
mainly Depreciation (+€273,089) and Net result for the year (+€100,839)
- Debts after one year -€283,518
down €283,518 (-16.3%), from €1.7m to €1.5m
- Reserves +€100,839
up €100,839 (+47.0%), from €214,643 to €315,482
- Current portion of long-term debt +€39,204
up €39,204 (+10.5%), from €374,315 to €413,518
- Gross operating margin +€24,335
up €24,335 (+4.8%), from €511,852 to €536,187
- Other operating charges +€9,511
up €9,511 (+22.1%), from €43,093 to €52,604
- Taxes +€6,707
up €6,707 (+26.0%), from €25,811 to €32,518
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 | €2,682,856 | €2,517,839 | -€165,018 | -6.2% |
| Fixed assets | 21/28 | €2,590,528 | €2,383,795 | -€206,733 | -8.0% |
| Tangible fixed assets | 22/27 | €2,590,518 | €2,383,785 | -€206,733 | -8.0% |
| Land and buildings | 22 | €2,506,495 | €2,319,570 | -€186,926 | -7.5% |
| Plant, machinery and equipment | 23 | €15,105 | €8,654 | -€6,451 | -42.7% |
| Furniture and vehicles | 24 | €16,304 | €26,424 | +€10,120 | +62.1% |
| Leasing and similar rights | 25 | €52,614 | €29,138 | -€23,476 | -44.6% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €92,328 | €134,043 | +€41,715 | +45.2% |
| Amounts receivable within one year | 40/41 | €15,331 | €15,771 | +€439 | +2.9% |
| Trade receivables | 40 | €10,142 | €15,771 | +€5,628 | +55.5% |
| Other amounts receivable | 41 | €5,189 | €0 | -€5,189 | -100.0% |
| Cash at bank and in hand | 54/58 | €75,990 | €117,698 | +€41,707 | +54.9% |
| Deferred charges and accrued income | 490/1 | €1,007 | €575 | -€431 | -42.9% |
| Total equity and liabilities | 10/49 | €2,682,856 | €2,517,839 | -€165,018 | -6.2% |
| Equity | 10/15 | €433,243 | €534,082 | +€100,839 | +23.3% |
| Contributions | 10/11 | €218,600 | €218,600 | = | 0.0% |
| Reserves | 13 | €214,643 | €315,482 | +€100,839 | +47.0% |
| Distributable reserves | 133 | €214,643 | €315,482 | +€100,839 | +47.0% |
| Amounts payable | 17/49 | €2,249,613 | €1,983,756 | -€265,857 | -11.8% |
| Amounts payable after more than one year | 17 | €1,734,533 | €1,451,014 | -€283,518 | -16.3% |
| Financial debts | 170/4 | €1,734,533 | €1,451,014 | -€283,518 | -16.3% |
| Amounts payable within one year | 42/48 | €472,499 | €503,534 | +€31,035 | +6.6% |
| Current portion of amounts payable after more than one year | 42 | €374,315 | €413,518 | +€39,204 | +10.5% |
| Financial debts | 43 | - | €889 | +€889 | |
| Credit institutions | 430/8 | - | €889 | +€889 | |
| Trade debts | 44 | €61,361 | €46,215 | -€15,147 | -24.7% |
| Suppliers | 440/4 | €61,361 | €46,215 | -€15,147 | -24.7% |
| Taxes, remuneration and social security | 45 | €36,822 | €42,912 | +€6,089 | +16.5% |
| Taxes | 450/3 | €36,822 | €42,912 | +€6,089 | +16.5% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €42,582 | €29,208 | -€13,374 | -31.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €272,099 | €273,089 | +€990 | +0.4% |
| Other operating charges | 640/8 | €43,093 | €52,604 | +€9,511 | +22.1% |
| Gross operating margin | 9900 | €511,852 | €536,187 | +€24,335 | +4.8% |
| Operating profit (loss) | 9901 | €196,660 | €210,494 | +€13,834 | +7.0% |
| Financial income | 75/76B | €1 | €0 | -€1 | -100.0% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100.0% |
| Financial charges | 65/66B | €80,515 | €77,137 | -€3,378 | -4.2% |
| Recurring financial charges | 65 | €80,515 | €77,137 | -€3,378 | -4.2% |
| Profit (loss) for the period before taxes | 9903 | €116,145 | €133,357 | +€17,212 | +14.8% |
| Income taxes | 67/77 | €25,811 | €32,518 | +€6,707 | +26.0% |
| Profit (loss) for the period | 9904 | €90,335 | €100,839 | +€10,505 | +11.6% |
| Profit (loss) for the period to be appropriated | 9905 | €90,335 | €100,839 | +€10,505 | +11.6% |
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 6 October 2026 via checked.be.