TORQUETUM: 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.
TORQUETUM
Largest movements
- Cash +€50,372
up €50,372 (+13976.6%), from €360 to €50,732
mainly Net result for the year (+€53,033) and Other debts (+€20,000)
- Receivables within one year +€11,974
up €11,974 (+1650.0%), from €726 to €12,700
of which Trade receivables: +€12,437
- Tangible fixed assets -€1,404
down €1,404 (-41.0%), from €3,424 to €2,020
- Profit (loss) carried forward +€33,033
up €33,033, from -€7,682 to €25,351
- Other debts +€20,000
up €20,000 (+521.3%), from €3,836 to €23,836
- Tax, wage and social debts +€8,311
new in 2025: €8,311
of which Taxes: +€5,527
- Gross operating margin +€103,015
up €103,015, from -€45,979 to €57,036
- Taxes +€6,169
up €6,169, from -€4,694 to €1,475
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 | €4,524 | €65,868 | +€61,344 | +1356.0% |
| Fixed assets | 21/28 | €3,424 | €2,020 | -€1,404 | -41.0% |
| Tangible fixed assets | 22/27 | €3,424 | €2,020 | -€1,404 | -41.0% |
| Furniture and vehicles | 24 | €3,424 | €2,020 | -€1,404 | -41.0% |
| Current assets | 29/58 | €1,100 | €63,849 | +€62,748 | +5703.4% |
| Amounts receivable within one year | 40/41 | €726 | €12,700 | +€11,974 | +1650.0% |
| Trade receivables | 40 | €262 | €12,700 | +€12,437 | +4741.9% |
| Other amounts receivable | 41 | €463 | - | -€463 | |
| Cash at bank and in hand | 54/58 | €360 | €50,732 | +€50,372 | +13976.6% |
| Deferred charges and accrued income | 490/1 | €14 | €417 | +€403 | +2861.2% |
| Total equity and liabilities | 10/49 | €4,524 | €65,868 | +€61,344 | +1356.0% |
| Equity | 10/15 | €688 | €33,721 | +€33,033 | +4804.6% |
| Contributions | 10/11 | €6,510 | €6,510 | = | 0.0% |
| Contributions outside capital | 11 | €6,510 | €6,510 | = | 0.0% |
| Other | 1109/19 | €6,510 | €6,510 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,682 | €25,351 | +€33,033 | |
| Amounts payable | 17/49 | €3,836 | €32,148 | +€28,311 | +738.0% |
| Amounts payable within one year | 42/48 | €3,836 | €32,148 | +€28,311 | +738.0% |
| Taxes, remuneration and social security | 45 | - | €8,311 | +€8,311 | |
| Taxes | 450/3 | - | €5,527 | +€5,527 | |
| Remuneration and social security | 454/9 | - | €2,785 | +€2,785 | |
| Other amounts payable | 47/48 | €3,836 | €23,836 | +€20,000 | +521.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,852 | €2,502 | -€350 | -12.3% |
| Gross operating margin | 9900 | -€45,979 | €57,036 | +€103,015 | |
| Operating profit (loss) | 9901 | -€48,832 | €54,534 | +€103,365 | |
| Financial income | 75/76B | €232 | €21 | -€211 | -91.1% |
| Recurring financial income | 75 | €232 | €21 | -€211 | -91.1% |
| Financial charges | 65/66B | €157 | €46 | -€111 | -70.5% |
| Recurring financial charges | 65 | €157 | €46 | -€111 | -70.5% |
| Profit (loss) for the period before taxes | 9903 | -€48,757 | €54,508 | +€103,265 | |
| Income taxes | 67/77 | -€4,694 | €1,475 | +€6,169 | |
| Profit (loss) for the period | 9904 | -€44,063 | €53,033 | +€97,096 | |
| Profit (loss) for the period to be appropriated | 9905 | -€44,063 | €53,033 | +€97,096 |
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 11 October 2026 via checked.be.