TORNADOTRANS: 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.
TORNADOTRANS
Largest movements
- Cash +€364,791
up €364,791 (+281.4%), from €129,620 to €494,411
mainly Depreciation (+€199,284) and Receivables within one year (+€192,780)
- Tangible fixed assets -€194,515
down €194,515 (-27.1%), from €718,275 to €523,760
of which Leasing and similar rights: -€150,668
- Receivables within one year -€192,780
down €192,780 (-28.8%), from €668,984 to €476,204
of which Trade receivables: -€171,807
- Deferred charges and accrued income +€33,412
new in 2025: €33,412
- Reserves +€170,397
up €170,397 (+25.1%), from €678,856 to €849,252
of which Distributable reserves: +€170,397
- Debts after one year -€149,976
down €149,976 (-44.3%), from €338,791 to €188,815
- Tax, wage and social debts +€27,424
up €27,424 (+39.6%), from €69,242 to €96,666
of which Taxes: +€69,105
- Other debts -€20,747
down €20,747 (-19.4%), from €106,696 to €85,949
- Current portion of long-term debt -€17,754
down €17,754 (-9.9%), from €179,596 to €161,843
- Taxes +€83,752
up €83,752 (+824.5%), from €10,158 to €93,910
- Depreciation -€79,467
down €79,467 (-28.5%), from €278,751 to €199,284
- Staff costs -€69,372
down €69,372 (-10.0%), from €690,450 to €621,078
- Gross operating margin +€66,986
up €66,986 (+6.4%), from €1.0m to €1.1m
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 | €1,525,539 | €1,536,447 | +€10,908 | +0.7% |
| Fixed assets | 21/28 | €726,935 | €532,420 | -€194,515 | -26.8% |
| Tangible fixed assets | 22/27 | €718,275 | €523,760 | -€194,515 | -27.1% |
| Land and buildings | 22 | €159,015 | €151,704 | -€7,311 | -4.6% |
| Plant, machinery and equipment | 23 | €24,442 | €21,133 | -€3,309 | -13.5% |
| Furniture and vehicles | 24 | €38,755 | €5,528 | -€33,227 | -85.7% |
| Leasing and similar rights | 25 | €496,063 | €345,395 | -€150,668 | -30.4% |
| Financial fixed assets | 28 | €8,659 | €8,659 | = | 0.0% |
| Current assets | 29/58 | €798,604 | €1,004,027 | +€205,423 | +25.7% |
| Amounts receivable within one year | 40/41 | €668,984 | €476,204 | -€192,780 | -28.8% |
| Trade receivables | 40 | €577,095 | €405,288 | -€171,807 | -29.8% |
| Other amounts receivable | 41 | €91,889 | €70,916 | -€20,973 | -22.8% |
| Cash at bank and in hand | 54/58 | €129,620 | €494,411 | +€364,791 | +281.4% |
| Deferred charges and accrued income | 490/1 | - | €33,412 | +€33,412 | |
| Total equity and liabilities | 10/49 | €1,525,539 | €1,536,447 | +€10,908 | +0.7% |
| Equity | 10/15 | €684,029 | €867,852 | +€183,823 | +26.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €678,856 | €849,252 | +€170,397 | +25.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €11,189 | €11,189 | = | 0.0% |
| Distributable reserves | 133 | €665,807 | €836,203 | +€170,397 | +25.6% |
| Profit (loss) carried forward | 14 | -€13,426 | - | +€13,426 | |
| Amounts payable | 17/49 | €841,509 | €668,594 | -€172,915 | -20.5% |
| Amounts payable after more than one year | 17 | €338,791 | €188,815 | -€149,976 | -44.3% |
| Financial debts | 170/4 | €338,791 | €188,815 | -€149,976 | -44.3% |
| Amounts payable within one year | 42/48 | €502,718 | €479,779 | -€22,939 | -4.6% |
| Current portion of amounts payable after more than one year | 42 | €179,596 | €161,843 | -€17,754 | -9.9% |
| Trade debts | 44 | €147,184 | €135,322 | -€11,862 | -8.1% |
| Suppliers | 440/4 | €147,184 | €135,322 | -€11,862 | -8.1% |
| Taxes, remuneration and social security | 45 | €69,242 | €96,666 | +€27,424 | +39.6% |
| Taxes | 450/3 | - | €69,105 | +€69,105 | |
| Remuneration and social security | 454/9 | €69,242 | €27,561 | -€41,681 | -60.2% |
| Other amounts payable | 47/48 | €106,696 | €85,949 | -€20,747 | -19.4% |
| Remuneration, social security and pensions | 62 | €690,450 | €621,078 | -€69,372 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €278,751 | €199,284 | -€79,467 | -28.5% |
| Other operating charges | 640/8 | €1,809 | €2,367 | +€559 | +30.9% |
| Non-recurring operating charges | 66A | €1,025 | - | -€1,025 | |
| Gross operating margin | 9900 | €1,047,175 | €1,114,161 | +€66,986 | +6.4% |
| Operating profit (loss) | 9901 | €75,140 | €291,432 | +€216,292 | +287.9% |
| Financial income | 75/76B | €63 | €2 | -€61 | -96.7% |
| Recurring financial income | 75 | €63 | €2 | -€61 | -96.7% |
| Financial charges | 65/66B | €21,970 | €13,701 | -€8,269 | -37.6% |
| Recurring financial charges | 65 | €21,970 | €13,701 | -€8,269 | -37.6% |
| Profit (loss) for the period before taxes | 9903 | €53,233 | €277,733 | +€224,500 | +421.7% |
| Income taxes | 67/77 | €10,158 | €93,910 | +€83,752 | +824.5% |
| Profit (loss) for the period | 9904 | €43,076 | €183,823 | +€140,747 | +326.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,076 | €183,823 | +€140,747 | +326.7% |
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 7 October 2026 via checked.be.