TORPEDO STUDIO: 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.
TORPEDO STUDIO
Largest movements
- Receivables within one year +€28,711
up €28,711 (+47.2%), from €60,891 to €89,601
- Cash -€9,127
down €9,127 (-68.9%), from €13,239 to €4,111
mainly Receivables within one year (-€28,711) and Debts after one year (-€18,326)
- Tangible fixed assets -€3,772
down €3,772 (-43.0%), from €8,776 to €5,004
of which Furniture and vehicles: -€4,130
- Trade debts +€25,666
up €25,666 (+136%), from €18,870 to €44,536
- Debts after one year -€18,326
no longer reported in 2023 (was €18,326)
- Profit (loss) carried forward -€16,199
down €16,199 (-56.9%), from €28,448 to €12,249
- Advances received +€15,326
new in 2023: €15,326
- Tax, wage and social debts +€9,345
up €9,345 (+168%), from €5,560 to €14,905
- Financial charges +€27,276
up €27,276 (+4,339%), from €629 to €27,904
of which Non-recurring financial charges: +€27,400
- Gross operating margin +€8,113
up €8,113 (+62.3%), from €13,031 to €21,144
- Taxes +€4,300
new in 2023: €4,300
- Depreciation -€3,186
down €3,186 (-38.5%), from €8,272 to €5,086
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 | €82,905 | €98,716 | +€15,811 | +19.1% |
| Fixed assets | 21/28 | €8,776 | €5,004 | -€3,772 | -43.0% |
| Tangible fixed assets | 22/27 | €8,776 | €5,004 | -€3,772 | -43.0% |
| Plant, machinery and equipment | 23 | €825 | €1,183 | +€358 | +43.3% |
| Furniture and vehicles | 24 | €7,951 | €3,821 | -€4,130 | -51.9% |
| Current assets | 29/58 | €74,129 | €93,712 | +€19,583 | +26.4% |
| Amounts receivable within one year | 40/41 | €60,891 | €89,601 | +€28,711 | +47.2% |
| Other amounts receivable | 41 | €60,891 | €89,601 | +€28,711 | +47.2% |
| Cash at bank and in hand | 54/58 | €13,239 | €4,111 | -€9,127 | -68.9% |
| Total equity and liabilities | 10/49 | €82,905 | €98,716 | +€15,811 | +19.1% |
| Equity | 10/15 | €40,148 | €23,949 | -€16,199 | -40.3% |
| Contributions | 10/11 | €11,700 | €11,700 | = | 0.0% |
| Profit (loss) carried forward | 14 | €28,448 | €12,249 | -€16,199 | -56.9% |
| Amounts payable | 17/49 | €42,757 | €74,768 | +€32,011 | +74.9% |
| Amounts payable after more than one year | 17 | €18,326 | - | -€18,326 | |
| Advances received on contracts in progress | 176 | €18,326 | - | -€18,326 | |
| Amounts payable within one year | 42/48 | €24,431 | €74,768 | +€50,337 | +206% |
| Trade debts | 44 | €18,870 | €44,536 | +€25,666 | +136% |
| Suppliers | 440/4 | €18,870 | €44,536 | +€25,666 | +136% |
| Advances received on contracts in progress | 46 | - | €15,326 | +€15,326 | |
| Taxes, remuneration and social security | 45 | €5,560 | €14,905 | +€9,345 | +168% |
| Taxes | 450/3 | €5,560 | €14,905 | +€9,345 | +168% |
| Non-recurring operating income | 76A | €854 | - | -€854 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,272 | €5,086 | -€3,186 | -38.5% |
| Other operating charges | 640/8 | €74 | €188 | +€114 | +154% |
| Gross operating margin | 9900 | €13,031 | €21,144 | +€8,113 | +62.3% |
| Operating profit (loss) | 9901 | €4,685 | €15,870 | +€11,185 | +239% |
| Financial income | 75/76B | €7 | €135 | +€128 | +1,796% |
| Recurring financial income | 75 | €7 | €135 | +€128 | +1,796% |
| Non-recurring financial income | 76B | - | €135 | +€135 | |
| Financial charges | 65/66B | €629 | €27,904 | +€27,276 | +4,339% |
| Recurring financial charges | 65 | €359 | €235 | -€124 | -34.6% |
| Non-recurring financial charges | 66B | €270 | €27,670 | +€27,400 | +10,165% |
| Profit (loss) for the period before taxes | 9903 | €4,063 | -€11,900 | -€15,963 | |
| Income taxes | 67/77 | - | €4,300 | +€4,300 | |
| Profit (loss) for the period | 9904 | €4,063 | -€16,199 | -€20,262 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,063 | -€16,199 | -€20,262 |
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 14 October 2026 via checked.be.