TORNADO TRADING: 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.
TORNADO TRADING
Largest movements
- Tangible fixed assets +€331,206
up €331,206 (+242%), from €136,869 to €468,075
of which Plant, machinery and equipment: +€319,000
- Stocks and contracts -€320,000
down €320,000 (-79.0%), from €404,978 to €84,978
- Cash -€185,282
no longer reported in 2025 (was €185,282)
mainly Net result for the year (-€405,593) and Investment in fixed assets (net) (-€331,206)
- Receivables within one year -€83,021
down €83,021 (-71.5%), from €116,142 to €33,121
- Receivables after one year +€23,565
up €23,565 (+20.2%), from €116,435 to €140,000
- Reserves -€400,928
down €400,928 (-99.5%), from €402,788 to €1,860
of which Distributable reserves: -€400,928
- Trade debts +€159,559
up €159,559 (+34.8%), from €458,971 to €618,530
- Short-term financial debts +€24,297
new in 2025: €24,297
- Tax, wage and social debts -€11,236
down €11,236 (-10.6%), from €105,727 to €94,491
of which Taxes: -€27,647
- Gross operating margin -€478,303
down €478,303 (-99.3%), from €481,659 to €3,356
- Depreciation -€72,644
no longer reported in 2025 (was €72,644)
- Staff costs +€50,575
up €50,575 (+16.9%), from €299,157 to €349,732
- Financial charges +€28,492
up €28,492 (+117%), from €24,327 to €52,819
- Taxes -€26,873
no longer reported in 2025 (was €26,873)
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 | €973,685 | €740,153 | -€233,532 | -24.0% |
| Fixed assets | 21/28 | €150,848 | €482,055 | +€331,206 | +220% |
| Intangible fixed assets | 21 | €7,554 | €7,554 | = | 0.0% |
| Tangible fixed assets | 22/27 | €136,869 | €468,075 | +€331,206 | +242% |
| Plant, machinery and equipment | 23 | €2,316 | €321,316 | +€319,000 | +13,773% |
| Furniture and vehicles | 24 | €12,251 | €24,457 | +€12,206 | +99.6% |
| Other tangible fixed assets | 26 | €122,302 | €122,302 | = | 0.0% |
| Financial fixed assets | 28 | €6,425 | €6,425 | = | 0.0% |
| Current assets | 29/58 | €822,837 | €258,099 | -€564,738 | -68.6% |
| Amounts receivable after more than one year | 29 | €116,435 | €140,000 | +€23,565 | +20.2% |
| Trade receivables | 290 | €116,435 | €140,000 | +€23,565 | +20.2% |
| Stocks and contracts in progress | 3 | €404,978 | €84,978 | -€320,000 | -79.0% |
| Stocks | 30/36 | €404,978 | €84,978 | -€320,000 | -79.0% |
| Amounts receivable within one year | 40/41 | €116,142 | €33,121 | -€83,021 | -71.5% |
| Trade receivables | 40 | €116,142 | €33,121 | -€83,021 | -71.5% |
| Cash at bank and in hand | 54/58 | €185,282 | - | -€185,282 | |
| Total equity and liabilities | 10/49 | €973,685 | €740,153 | -€233,532 | -24.0% |
| Equity | 10/15 | €408,988 | €2,835 | -€406,152 | -99.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €402,788 | €1,860 | -€400,928 | -99.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €400,928 | - | -€400,928 | |
| Profit (loss) carried forward | 14 | - | -€5,225 | -€5,225 | |
| Amounts payable | 17/49 | €564,698 | €737,318 | +€172,620 | +30.6% |
| Amounts payable within one year | 42/48 | €564,698 | €737,318 | +€172,620 | +30.6% |
| Financial debts | 43 | - | €24,297 | +€24,297 | |
| Credit institutions | 430/8 | - | €24,297 | +€24,297 | |
| Trade debts | 44 | €458,971 | €618,530 | +€159,559 | +34.8% |
| Suppliers | 440/4 | €458,971 | €618,530 | +€159,559 | +34.8% |
| Taxes, remuneration and social security | 45 | €105,727 | €94,491 | -€11,236 | -10.6% |
| Taxes | 450/3 | €60,174 | €32,528 | -€27,647 | -45.9% |
| Remuneration and social security | 454/9 | €45,553 | €61,963 | +€16,410 | +36.0% |
| Remuneration, social security and pensions | 62 | €299,157 | €349,732 | +€50,575 | +16.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €72,644 | - | -€72,644 | |
| Other operating charges | 640/8 | €13,026 | €6,418 | -€6,608 | -50.7% |
| Gross operating margin | 9900 | €481,659 | €3,356 | -€478,303 | -99.3% |
| Operating profit (loss) | 9901 | €96,831 | -€352,795 | -€449,626 | |
| Financial income | 75/76B | €1,650 | €21 | -€1,629 | -98.7% |
| Recurring financial income | 75 | €1,650 | €21 | -€1,629 | -98.7% |
| Financial charges | 65/66B | €24,327 | €52,819 | +€28,492 | +117% |
| Recurring financial charges | 65 | €24,327 | €52,819 | +€28,492 | +117% |
| Profit (loss) for the period before taxes | 9903 | €74,155 | -€405,593 | -€479,747 | |
| Income taxes | 67/77 | €26,873 | - | -€26,873 | |
| Profit (loss) for the period | 9904 | €47,281 | -€405,593 | -€452,874 | |
| Profit (loss) for the period to be appropriated | 9905 | €47,281 | -€405,593 | -€452,874 |
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 18 October 2026 via checked.be.