TORREELE: 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.
TORREELE
Largest movements
- Receivables within one year -€6,224
down €6,224 (-73.3%), from €8,495 to €2,271
of which Other amounts receivable: -€5,615
- Tangible fixed assets +€1,167
new in 2023: €1,167
- Deferred charges and accrued income -€1,165
down €1,165 (-89.0%), from €1,309 to €144
- Trade debts -€17,560
down €17,560 (-42.7%), from €41,153 to €23,593
- Other debts +€13,585
up €13,585 (+44.8%), from €30,323 to €43,908
- Short-term financial debts +€10,654
up €10,654 (+496.7%), from €2,145 to €12,798
- Profit (loss) carried forward -€6,328
down €6,328 (-7.4%), from -€85,562 to -€91,890
- Current portion of long-term debt -€3,974
no longer reported in 2023 (was €3,974)
- Depreciation -€7,997
down €7,997 (-93.2%), from €8,580 to €583
- Gross operating margin -€1,961
down €1,961 (-258.3%), from -€759 to -€2,720
- Financial charges -€142
down €142 (-5.5%), from €2,558 to €2,417
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,002 | €9,779 | -€6,223 | -38.9% |
| Fixed assets | 21/28 | - | €1,167 | +€1,167 | |
| Tangible fixed assets | 22/27 | - | €1,167 | +€1,167 | |
| Furniture and vehicles | 24 | - | €1,167 | +€1,167 | |
| Current assets | 29/58 | €16,002 | €8,612 | -€7,390 | -46.2% |
| Stocks and contracts in progress | 3 | €6,197 | €6,197 | = | 0.0% |
| Stocks | 30/36 | €6,197 | €6,197 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,495 | €2,271 | -€6,224 | -73.3% |
| Trade receivables | 40 | €2,880 | €2,271 | -€609 | -21.2% |
| Other amounts receivable | 41 | €5,615 | - | -€5,615 | |
| Deferred charges and accrued income | 490/1 | €1,309 | €144 | -€1,165 | -89.0% |
| Total equity and liabilities | 10/49 | €16,002 | €9,779 | -€6,223 | -38.9% |
| Equity | 10/15 | -€65,102 | -€71,430 | -€6,328 | -9.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 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 | -€85,562 | -€91,890 | -€6,328 | -7.4% |
| Amounts payable | 17/49 | €81,104 | €81,209 | +€105 | +0.1% |
| Amounts payable within one year | 42/48 | €81,104 | €81,209 | +€105 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €3,974 | - | -€3,974 | |
| Financial debts | 43 | €2,145 | €12,798 | +€10,654 | +496.7% |
| Credit institutions | 430/8 | €2,145 | €12,798 | +€10,654 | +496.7% |
| Trade debts | 44 | €41,153 | €23,593 | -€17,560 | -42.7% |
| Suppliers | 440/4 | €41,153 | €23,593 | -€17,560 | -42.7% |
| Advances received on contracts in progress | 46 | €3,485 | - | -€3,485 | |
| Taxes, remuneration and social security | 45 | €25 | €910 | +€885 | +3540.7% |
| Taxes | 450/3 | €25 | €910 | +€885 | +3540.7% |
| Other amounts payable | 47/48 | €30,323 | €43,908 | +€13,585 | +44.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,580 | €583 | -€7,997 | -93.2% |
| Other operating charges | 640/8 | €587 | €609 | +€21 | +3.6% |
| Gross operating margin | 9900 | -€759 | -€2,720 | -€1,961 | -258.3% |
| Operating profit (loss) | 9901 | -€9,926 | -€3,912 | +€6,015 | +60.6% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €2,558 | €2,417 | -€142 | -5.5% |
| Recurring financial charges | 65 | €2,558 | €2,417 | -€142 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | -€12,484 | -€6,328 | +€6,155 | +49.3% |
| Profit (loss) for the period | 9904 | -€12,484 | -€6,328 | +€6,155 | +49.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€12,484 | -€6,328 | +€6,155 | +49.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2022 and 30 June 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.