TORO CONSULT: 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.
TORO CONSULT
Largest movements
- Cash -€69,695
down €69,695 (-44.9%), from €155,256 to €85,562
mainly Other debts (-€110,000) and Investment in fixed assets (net) (-€81,771)
- Other debts -€110,000
down €110,000 (-27.7%), from €396,946 to €286,946
- Reserves +€72,112
up €72,112 (+25.1%), from €287,726 to €359,838
- Gross operating margin -€17,425
down €17,425 (-7.5%), from €232,676 to €215,251
- Taxes -€7,942
down €7,942 (-22.2%), from €35,789 to €27,848
- Financial charges -€7,532
down €7,532 (-15.8%), from €47,604 to €40,072
- Depreciation +€5,778
up €5,778 (+9.8%), from €59,129 to €64,907
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 | €1,512,669 | €1,471,852 | -€40,817 | -2.7% |
| Fixed assets | 21/28 | €1,336,662 | €1,353,526 | +€16,864 | +1.3% |
| Tangible fixed assets | 22/27 | €1,335,032 | €1,348,716 | +€13,684 | +1.0% |
| Land and buildings | 22 | €1,330,114 | €1,278,240 | -€51,875 | -3.9% |
| Furniture and vehicles | 24 | €4,918 | €70,476 | +€65,559 | +1333.1% |
| Financial fixed assets | 28 | €1,630 | €4,810 | +€3,180 | +195.1% |
| Current assets | 29/58 | €176,007 | €118,326 | -€57,681 | -32.8% |
| Amounts receivable within one year | 40/41 | €18,275 | €27,914 | +€9,639 | +52.7% |
| Trade receivables | 40 | €18,152 | €15,730 | -€2,422 | -13.3% |
| Other amounts receivable | 41 | €123 | €12,184 | +€12,061 | +9780.6% |
| Cash at bank and in hand | 54/58 | €155,256 | €85,562 | -€69,695 | -44.9% |
| Deferred charges and accrued income | 490/1 | €2,475 | €4,851 | +€2,375 | +95.9% |
| Total equity and liabilities | 10/49 | €1,512,669 | €1,471,852 | -€40,817 | -2.7% |
| Equity | 10/15 | €306,326 | €378,438 | +€72,112 | +23.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €287,726 | €359,838 | +€72,112 | +25.1% |
| Distributable reserves | 133 | €287,726 | €359,838 | +€72,112 | +25.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €1,206,343 | €1,093,414 | -€112,929 | -9.4% |
| Amounts payable after more than one year | 17 | €689,971 | €682,022 | -€7,948 | -1.2% |
| Financial debts | 170/4 | €689,971 | €682,022 | -€7,948 | -1.2% |
| Amounts payable within one year | 42/48 | €481,989 | €382,855 | -€99,134 | -20.6% |
| Current portion of amounts payable after more than one year | 42 | €61,798 | €76,468 | +€14,670 | +23.7% |
| Trade debts | 44 | €7,543 | €4,794 | -€2,748 | -36.4% |
| Suppliers | 440/4 | €7,543 | €4,794 | -€2,748 | -36.4% |
| Taxes, remuneration and social security | 45 | €15,702 | €14,646 | -€1,056 | -6.7% |
| Taxes | 450/3 | €12,627 | €11,571 | -€1,056 | -8.4% |
| Remuneration and social security | 454/9 | €3,075 | €3,075 | = | 0.0% |
| Other amounts payable | 47/48 | €396,946 | €286,946 | -€110,000 | -27.7% |
| Accrued charges and deferred income | 492/3 | €34,383 | €28,537 | -€5,846 | -17.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €59,129 | €64,907 | +€5,778 | +9.8% |
| Other operating charges | 640/8 | €8,362 | €9,277 | +€914 | +10.9% |
| Non-recurring operating charges | 66A | €259 | €203 | -€56 | -21.6% |
| Gross operating margin | 9900 | €232,676 | €215,251 | -€17,425 | -7.5% |
| Operating profit (loss) | 9901 | €164,925 | €140,865 | -€24,061 | -14.6% |
| Financial income | 75/76B | €32 | €0 | -€32 | -99.8% |
| Recurring financial income | 75 | €32 | €0 | -€32 | -99.8% |
| Financial charges | 65/66B | €47,604 | €40,072 | -€7,532 | -15.8% |
| Recurring financial charges | 65 | €47,604 | €40,072 | -€7,532 | -15.8% |
| Profit (loss) for the period before taxes | 9903 | €117,353 | €100,793 | -€16,560 | -14.1% |
| Income taxes | 67/77 | €35,789 | €27,848 | -€7,942 | -22.2% |
| Profit (loss) for the period | 9904 | €81,564 | €72,945 | -€8,619 | -10.6% |
| Profit (loss) for the period to be appropriated | 9905 | €81,564 | €72,945 | -€8,619 | -10.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.