Torodi: 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.
Torodi
Largest movements
- Receivables within one year +€60,500
new in 2025: €60,500
- Cash -€5,296
down €5,296 (-11.9%), from €44,629 to €39,333
mainly Receivables within one year (-€60,500) and Deferred charges and accrued income (-€2,537)
- Deferred charges and accrued income +€2,537
up €2,537 (+256.4%), from €990 to €3,527
- Reserves +€44,470
up €44,470 (+190.9%), from €23,299 to €67,769
- Tax, wage and social debts +€11,733
up €11,733 (+57.4%), from €20,429 to €32,162
of which Taxes: +€14,663
- Other debts +€1,618
up €1,618 (+5738.3%), from €28 to €1,646
- Gross operating margin +€29,865
up €29,865 (+95.1%), from €31,387 to €61,252
- Taxes +€6,512
up €6,512 (+100.8%), from €6,461 to €12,974
- Financial charges +€1,740
up €1,740 (+160.9%), from €1,081 to €2,821
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 | €46,899 | €105,166 | +€58,266 | +124.2% |
| Fixed assets | 21/28 | €1,280 | €1,805 | +€525 | +41.0% |
| Tangible fixed assets | 22/27 | €1,280 | €1,805 | +€525 | +41.0% |
| Plant, machinery and equipment | 23 | €1,280 | €1,001 | -€279 | -21.8% |
| Furniture and vehicles | 24 | - | €804 | +€804 | |
| Current assets | 29/58 | €45,619 | €103,360 | +€57,741 | +126.6% |
| Amounts receivable within one year | 40/41 | - | €60,500 | +€60,500 | |
| Trade receivables | 40 | - | €60,500 | +€60,500 | |
| Cash at bank and in hand | 54/58 | €44,629 | €39,333 | -€5,296 | -11.9% |
| Deferred charges and accrued income | 490/1 | €990 | €3,527 | +€2,537 | +256.4% |
| Total equity and liabilities | 10/49 | €46,899 | €105,166 | +€58,266 | +124.2% |
| Equity | 10/15 | €25,299 | €69,769 | +€44,470 | +175.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,299 | €67,769 | +€44,470 | +190.9% |
| Distributable reserves | 133 | €23,299 | €67,769 | +€44,470 | +190.9% |
| Amounts payable | 17/49 | €21,600 | €35,397 | +€13,796 | +63.9% |
| Amounts payable within one year | 42/48 | €21,600 | €35,302 | +€13,702 | +63.4% |
| Trade debts | 44 | €1,143 | €1,493 | +€350 | +30.7% |
| Suppliers | 440/4 | €1,143 | €1,493 | +€350 | +30.7% |
| Taxes, remuneration and social security | 45 | €20,429 | €32,162 | +€11,733 | +57.4% |
| Taxes | 450/3 | €17,499 | €32,162 | +€14,663 | +83.8% |
| Remuneration and social security | 454/9 | €2,930 | €0 | -€2,930 | -100.0% |
| Other amounts payable | 47/48 | €28 | €1,646 | +€1,618 | +5738.3% |
| Accrued charges and deferred income | 492/3 | - | €95 | +€95 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €114 | €520 | +€407 | +357.2% |
| Other operating charges | 640/8 | €440 | €590 | +€150 | +34.0% |
| Gross operating margin | 9900 | €31,387 | €61,252 | +€29,865 | +95.1% |
| Operating profit (loss) | 9901 | €30,833 | €60,141 | +€29,309 | +95.1% |
| Financial income | 75/76B | €8 | €123 | +€115 | +1361.8% |
| Recurring financial income | 75 | €8 | €123 | +€115 | +1361.8% |
| Financial charges | 65/66B | €1,081 | €2,821 | +€1,740 | +160.9% |
| Recurring financial charges | 65 | €1,081 | €2,821 | +€1,740 | +160.9% |
| Profit (loss) for the period before taxes | 9903 | €29,760 | €57,444 | +€27,683 | +93.0% |
| Income taxes | 67/77 | €6,461 | €12,974 | +€6,512 | +100.8% |
| Profit (loss) for the period | 9904 | €23,299 | €44,470 | +€21,171 | +90.9% |
| Profit (loss) for the period to be appropriated | 9905 | €23,299 | €44,470 | +€21,171 | +90.9% |
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.