TORNATECH EUROPE: 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.
What changed
TORNATECH EUROPE
NACE 46.140, Agents in the wholesale of industrial machinery, ships and aircraft
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€1.1m
2024 · €1.1m+€3,874
Equity
€3.3m
2024 · €3.0m+€294,419
Cash
€695,033
2024 · €788,188-€93,155
Balance sheet total
€7.3m
2024 · €7.6m-€275,428
Largest movements
Assets
- Tangible fixed assets -€188,226
down €188,226 (-4.6%), from €4.1m to €3.9m
of which Land and buildings: -€105,316
- Cash -€93,155
down €93,155 (-11.8%), from €788,188 to €695,033
mainly Contributions, distributions and other (-€813,200) and Current portion of long-term debt (-€396,681)
Equity and liabilities
- Current portion of long-term debt -€396,681
down €396,681 (-68.9%), from €575,720 to €179,039
- Profit (loss) carried forward +€294,419
up €294,419 (+9.9%), from €3.0m to €3.3m
- Debts after one year -€179,039
down €179,039 (-6.3%), from €2.8m to €2.6m
- Accrued charges and deferred income +€94,583
new in 2025: €94,583
Income statement
- Staff costs -€155,855
down €155,855 (-7.8%), from €2.0m to €1.8m
- Write-downs +€94,887
up €94,887 (+822%), from €11,541 to €106,428
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.
Result 2024
€1.1m
Gross operating margin
-€16,448
Staff costs
+€155,855
Depreciation
-€17,620
Write-downs
-€94,887
Provisions
+€15,733
Other operating charges
+€7,739
Other operating items
-€11,010
Financial income
+€8,483
Financial charges
-€9,005
Taxes
-€34,966
Result 2025
€1.1m
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€1.3m
Investment
-€53,181
Financing
-€1.4m
Cash 2024
€788,188
From operations (derived)
+€1.3m
Net result for the year
+€1.1m
Depreciation
+€240,828
Stocks and contracts
+€11,461
Receivables within one year
-€16,835
Provisions
-€7,103
Trade debts
-€39,921
Tax, wage and social debts
-€41,686
Accrued charges and deferred income
+€94,583
Investment (derived)
-€53,181
Investment in fixed assets (net)
-€53,181
Financing
-€1.4m
Debts after one year
-€179,039
Current portion of long-term debt
-€396,681
Contributions, distributions and other
-€813,200
Cash 2025
€695,033
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,602,717 | €7,327,289 | -€275,428 | -3.6% |
| Fixed assets | 21/28 | €4,131,314 | €3,943,666 | -€187,648 | -4.5% |
| Tangible fixed assets | 22/27 | €4,112,294 | €3,924,068 | -€188,226 | -4.6% |
| Land and buildings | 22 | €3,840,659 | €3,735,343 | -€105,316 | -2.7% |
| Furniture and vehicles | 24 | €266,416 | €184,666 | -€81,751 | -30.7% |
| Other tangible fixed assets | 26 | €5,219 | €4,060 | -€1,160 | -22.2% |
| Financial fixed assets | 28 | €19,019 | €19,598 | +€578 | +3.0% |
| Current assets | 29/58 | €3,471,404 | €3,383,623 | -€87,781 | -2.5% |
| Stocks and contracts in progress | 3 | €1,299,154 | €1,287,693 | -€11,461 | -0.9% |
| Stocks | 30/36 | €1,299,154 | €1,287,693 | -€11,461 | -0.9% |
| Amounts receivable within one year | 40/41 | €1,384,061 | €1,400,896 | +€16,835 | +1.2% |
| Trade receivables | 40 | €1,190,294 | €1,221,510 | +€31,216 | +2.6% |
| Other amounts receivable | 41 | €193,768 | €179,386 | -€14,381 | -7.4% |
| Cash at bank and in hand | 54/58 | €788,188 | €695,033 | -€93,155 | -11.8% |
| Total equity and liabilities | 10/49 | €7,602,717 | €7,327,289 | -€275,428 | -3.6% |
| Equity | 10/15 | €3,038,283 | €3,332,701 | +€294,419 | +9.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,970,633 | €3,265,051 | +€294,419 | +9.9% |
| Provisions and deferred taxes | 16 | €25,833 | €18,730 | -€7,103 | -27.5% |
| Provisions for liabilities and charges | 160/5 | €25,833 | €18,730 | -€7,103 | -27.5% |
| Other liabilities and charges | 164/5 | €25,833 | €18,730 | -€7,103 | -27.5% |
| Amounts payable | 17/49 | €4,538,601 | €3,975,858 | -€562,744 | -12.4% |
| Amounts payable after more than one year | 17 | €2,826,010 | €2,646,971 | -€179,039 | -6.3% |
| Financial debts | 170/4 | €2,826,010 | €2,646,971 | -€179,039 | -6.3% |
| Amounts payable within one year | 42/48 | €1,712,592 | €1,234,304 | -€478,288 | -27.9% |
| Current portion of amounts payable after more than one year | 42 | €575,720 | €179,039 | -€396,681 | -68.9% |
| Trade debts | 44 | €726,156 | €686,235 | -€39,921 | -5.5% |
| Suppliers | 440/4 | €726,156 | €686,235 | -€39,921 | -5.5% |
| Taxes, remuneration and social security | 45 | €410,716 | €369,030 | -€41,686 | -10.1% |
| Taxes | 450/3 | €12,666 | €27,278 | +€14,612 | +115% |
| Remuneration and social security | 454/9 | €398,050 | €341,752 | -€56,298 | -14.1% |
| Accrued charges and deferred income | 492/3 | - | €94,583 | +€94,583 | |
| Remuneration, social security and pensions | 62 | €2,001,500 | €1,845,645 | -€155,855 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223,209 | €240,828 | +€17,620 | +7.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €11,541 | €106,428 | +€94,887 | +822% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €15,733 | - | -€15,733 | |
| Other operating charges | 640/8 | €7,938 | €200 | -€7,739 | -97.5% |
| Non-recurring operating charges | 66A | €4,359 | €15,369 | +€11,010 | +253% |
| Gross operating margin | 9900 | €3,895,701 | €3,879,253 | -€16,448 | -0.4% |
| Operating profit (loss) | 9901 | €1,631,422 | €1,670,783 | +€39,361 | +2.4% |
| Financial income | 75/76B | - | €8,483 | +€8,483 | |
| Recurring financial income | 75 | - | €8,483 | +€8,483 | |
| Non-recurring financial income | 76B | - | €8,483 | +€8,483 | |
| Financial charges | 65/66B | €139,161 | €148,166 | +€9,005 | +6.5% |
| Recurring financial charges | 65 | €139,161 | €148,166 | +€9,005 | +6.5% |
| Profit (loss) for the period before taxes | 9903 | €1,492,261 | €1,531,100 | +€38,840 | +2.6% |
| Income taxes | 67/77 | €388,516 | €423,482 | +€34,966 | +9.0% |
| Profit (loss) for the period | 9904 | €1,103,744 | €1,107,619 | +€3,874 | +0.4% |
| Profit (loss) for the period to be appropriated | 9905 | €1,103,744 | €1,107,619 | +€3,874 | +0.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.