TOROS BELGIUM: 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.
TOROS BELGIUM
Largest movements
- Stocks and contracts +€96,132
up €96,132 (+52.9%), from €181,627 to €277,760
- Cash +€44,077
up €44,077 (+47.2%), from €93,450 to €137,527
mainly Trade debts (+€259,150) and Short-term financial debts (+€150,000)
- Tangible fixed assets -€20,763
down €20,763 (-41.4%), from €50,210 to €29,447
of which Furniture and vehicles: -€16,478
- Receivables within one year -€11,786
down €11,786 (-4.1%), from €284,990 to €273,204
of which Other amounts receivable: -€7,515
- Trade debts +€259,150
new in 2025: €259,150
- Debts after one year -€156,619
down €156,619 (-97.1%), from €161,337 to €4,718
- Other debts -€152,772
down €152,772 (-41.8%), from €365,335 to €212,563
- Short-term financial debts +€150,000
new in 2025: €150,000
- Gross operating margin -€150,829
down €150,829 (-74.9%), from €201,475 to €50,646
- Other operating charges -€118,892
down €118,892 (-84.5%), from €140,623 to €21,730
- Taxes -€12,079
down €12,079 (-100%), from €12,079 to €0
- Depreciation +€11,153
up €11,153 (+136%), from €8,210 to €19,364
- Financial charges +€7,180
up €7,180 (+621%), from €1,157 to €8,336
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €616,419 | €717,937 | +€101,518 | +16.5% |
| Fixed assets | 21/28 | €56,052 | €29,447 | -€26,606 | -47.5% |
| Tangible fixed assets | 22/27 | €50,210 | €29,447 | -€20,763 | -41.4% |
| Plant, machinery and equipment | 23 | €8,379 | €4,093 | -€4,285 | -51.1% |
| Furniture and vehicles | 24 | €41,831 | €25,353 | -€16,478 | -39.4% |
| Financial fixed assets | 28 | €5,842 | €0 | -€5,842 | -100% |
| Current assets | 29/58 | €560,367 | €688,490 | +€128,124 | +22.9% |
| Stocks and contracts in progress | 3 | €181,627 | €277,760 | +€96,132 | +52.9% |
| Stocks | 30/36 | €181,627 | €277,760 | +€96,132 | +52.9% |
| Amounts receivable within one year | 40/41 | €284,990 | €273,204 | -€11,786 | -4.1% |
| Trade receivables | 40 | €277,475 | €273,204 | -€4,271 | -1.5% |
| Other amounts receivable | 41 | €7,515 | €0 | -€7,515 | -100% |
| Cash at bank and in hand | 54/58 | €93,450 | €137,527 | +€44,077 | +47.2% |
| Deferred charges and accrued income | 490/1 | €300 | €0 | -€300 | -100% |
| Total equity and liabilities | 10/49 | €616,419 | €717,937 | +€101,518 | +16.5% |
| Equity | 10/15 | €33,355 | €30,838 | -€2,516 | -7.5% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | €31,855 | €31,855 | = | 0.0% |
| Distributable reserves | 133 | €31,855 | €31,855 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,516 | -€2,516 | |
| Amounts payable | 17/49 | €583,064 | €687,098 | +€104,034 | +17.8% |
| Amounts payable after more than one year | 17 | €161,337 | €4,718 | -€156,619 | -97.1% |
| Financial debts | 170/4 | €161,337 | €4,718 | -€156,619 | -97.1% |
| Amounts payable within one year | 42/48 | €421,728 | €682,380 | +€260,653 | +61.8% |
| Current portion of amounts payable after more than one year | 42 | €6,439 | €6,624 | +€185 | +2.9% |
| Financial debts | 43 | - | €150,000 | +€150,000 | |
| Credit institutions | 430/8 | - | €150,000 | +€150,000 | |
| Trade debts | 44 | - | €259,150 | +€259,150 | |
| Suppliers | 440/4 | - | €259,150 | +€259,150 | |
| Taxes, remuneration and social security | 45 | €49,954 | €54,043 | +€4,089 | +8.2% |
| Taxes | 450/3 | €47,585 | €52,543 | +€4,958 | +10.4% |
| Remuneration and social security | 454/9 | €2,369 | €1,500 | -€869 | -36.7% |
| Other amounts payable | 47/48 | €365,335 | €212,563 | -€152,772 | -41.8% |
| Remuneration, social security and pensions | 62 | €7,554 | €3,838 | -€3,716 | -49.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,210 | €19,364 | +€11,153 | +136% |
| Other operating charges | 640/8 | €140,623 | €21,730 | -€118,892 | -84.5% |
| Gross operating margin | 9900 | €201,475 | €50,646 | -€150,829 | -74.9% |
| Operating profit (loss) | 9901 | €45,088 | €5,713 | -€39,375 | -87.3% |
| Financial income | 75/76B | €2 | €107 | +€105 | +4,947% |
| Recurring financial income | 75 | €2 | €107 | +€105 | +4,947% |
| Financial charges | 65/66B | €1,157 | €8,336 | +€7,180 | +621% |
| Recurring financial charges | 65 | €1,157 | €8,336 | +€7,180 | +621% |
| Profit (loss) for the period before taxes | 9903 | €43,934 | -€2,516 | -€46,450 | |
| Income taxes | 67/77 | €12,079 | €0 | -€12,079 | -100% |
| Profit (loss) for the period | 9904 | €31,855 | -€2,516 | -€34,371 | |
| Profit (loss) for the period to be appropriated | 9905 | €31,855 | -€2,516 | -€34,371 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.