TORO RENOVATIONS: 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.
TORO RENOVATIONS
Largest movements
- Receivables within one year +€438,242
up €438,242 (+1,622%), from €27,025 to €465,267
of which Trade receivables: +€435,956
- Trade debts +€369,827
up €369,827 (+2,165%), from €17,085 to €386,911
- Profit (loss) carried forward +€32,580
up €32,580 (+286%), from €11,385 to €43,964
- Debts after one year +€23,030
up €23,030 (+1,045%), from €2,204 to €25,234
- Short-term financial debts +€11,912
new in 2023: €11,912
- Gross operating margin +€37,710
up €37,710 (+409%), from €9,231 to €46,941
- Financial charges +€11,603
up €11,603 (+634%), from €1,831 to €13,434
- Taxes +€980
new in 2023: €980
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €40,969 | €479,074 | +€438,106 | +1,069% |
| Formation expenses | 20 | €263 | - | -€263 | |
| Fixed assets | 21/28 | €11,299 | €13,202 | +€1,903 | +16.8% |
| Tangible fixed assets | 22/27 | €11,299 | €13,202 | +€1,903 | +16.8% |
| Furniture and vehicles | 24 | €3,752 | €578 | -€3,174 | -84.6% |
| Leasing and similar rights | 25 | €7,547 | €12,625 | +€5,078 | +67.3% |
| Current assets | 29/58 | €29,407 | €465,872 | +€436,465 | +1,484% |
| Amounts receivable within one year | 40/41 | €27,025 | €465,267 | +€438,242 | +1,622% |
| Trade receivables | 40 | €20,077 | €456,033 | +€435,956 | +2,171% |
| Other amounts receivable | 41 | €6,949 | €9,235 | +€2,286 | +32.9% |
| Cash at bank and in hand | 54/58 | €2,090 | €605 | -€1,486 | -71.1% |
| Deferred charges and accrued income | 490/1 | €291 | - | -€291 | |
| Total equity and liabilities | 10/49 | €40,969 | €479,074 | +€438,106 | +1,069% |
| Equity | 10/15 | €13,385 | €45,964 | +€32,580 | +243% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,385 | €43,964 | +€32,580 | +286% |
| Amounts payable | 17/49 | €27,584 | €433,110 | +€405,526 | +1,470% |
| Amounts payable after more than one year | 17 | €2,204 | €25,234 | +€23,030 | +1,045% |
| Financial debts | 170/4 | €2,204 | €25,234 | +€23,030 | +1,045% |
| Amounts payable within one year | 42/48 | €25,380 | €407,870 | +€382,490 | +1,507% |
| Current portion of amounts payable after more than one year | 42 | €4,646 | €9,046 | +€4,401 | +94.7% |
| Financial debts | 43 | - | €11,912 | +€11,912 | |
| Credit institutions | 430/8 | - | €11,912 | +€11,912 | |
| Trade debts | 44 | €17,085 | €386,911 | +€369,827 | +2,165% |
| Suppliers | 440/4 | €17,085 | €386,911 | +€369,827 | +2,165% |
| Other amounts payable | 47/48 | €3,649 | - | -€3,649 | |
| Accrued charges and deferred income | 492/3 | - | €7 | +€7 | |
| Gross operating margin | 9900 | €9,231 | €46,941 | +€37,710 | +409% |
| Operating profit (loss) | 9901 | €9,231 | €46,941 | +€37,710 | +409% |
| Financial income | 75/76B | €1 | €53 | +€52 | +7,257% |
| Recurring financial income | 75 | €1 | €53 | +€52 | +7,257% |
| Financial charges | 65/66B | €1,831 | €13,434 | +€11,603 | +634% |
| Recurring financial charges | 65 | €1,831 | €13,434 | +€11,603 | +634% |
| Profit (loss) for the period before taxes | 9903 | €7,401 | €33,560 | +€26,159 | +353% |
| Income taxes | 67/77 | - | €980 | +€980 | |
| Profit (loss) for the period | 9904 | €7,401 | €32,580 | +€25,179 | +340% |
| Profit (loss) for the period to be appropriated | 9905 | €7,401 | €32,580 | +€25,179 | +340% |
Source: filed annual accounts (NBB), financial years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.