TORREMANS: 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.
TORREMANS
Largest movements
- Receivables within one year +€36,960
up €36,960 (+11.8%), from €313,276 to €350,236
of which Other amounts receivable: +€77,013
- Tangible fixed assets -€21,618
down €21,618 (-14.8%), from €146,542 to €124,924
of which Plant, machinery and equipment: -€16,250
- Stocks and contracts -€20,880
down €20,880 (-6.1%), from €340,731 to €319,851
of which Stocks: -€20,880
- Tax, wage and social debts +€93,972
up €93,972 (+40.5%), from €232,272 to €326,244
of which Taxes: +€105,190
- Trade debts -€40,526
down €40,526 (-33.6%), from €120,599 to €80,072
- Reserves -€34,464
down €34,464 (-68.7%), from €50,145 to €15,680
of which Distributable reserves: -€34,464
- Debts after one year -€15,471
down €15,471 (-12.6%), from €123,104 to €107,633
- Gross operating margin +€95,154
up €95,154 (+67.2%), from €141,628 to €236,782
- Staff costs +€70,364
up €70,364 (+51.6%), from €136,341 to €206,705
- Other operating charges +€19,081
up €19,081 (+393%), from €4,858 to €23,939
- Depreciation -€2,796
down €2,796 (-11.5%), from €24,413 to €21,618
- Financial charges +€2,581
up €2,581 (+15.1%), from €17,093 to €19,674
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 | €814,901 | €811,297 | -€3,603 | -0.4% |
| Fixed assets | 21/28 | €146,656 | €125,038 | -€21,618 | -14.7% |
| Intangible fixed assets | 21 | - | €0 | = | |
| Tangible fixed assets | 22/27 | €146,542 | €124,924 | -€21,618 | -14.8% |
| Land and buildings | 22 | €62,235 | €59,285 | -€2,950 | -4.7% |
| Plant, machinery and equipment | 23 | €78,838 | €62,588 | -€16,250 | -20.6% |
| Furniture and vehicles | 24 | €5,469 | €3,051 | -€2,417 | -44.2% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Financial fixed assets | 28 | €114 | €114 | = | 0.0% |
| Current assets | 29/58 | €668,245 | €686,259 | +€18,014 | +2.7% |
| Stocks and contracts in progress | 3 | €340,731 | €319,851 | -€20,880 | -6.1% |
| Stocks | 30/36 | €237,760 | €216,880 | -€20,880 | -8.8% |
| Contracts in progress | 37 | €102,971 | €102,971 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €313,276 | €350,236 | +€36,960 | +11.8% |
| Trade receivables | 40 | €126,124 | €86,071 | -€40,053 | -31.8% |
| Other amounts receivable | 41 | €187,152 | €264,165 | +€77,013 | +41.2% |
| Cash at bank and in hand | 54/58 | €3,058 | €4,711 | +€1,652 | +54.0% |
| Deferred charges and accrued income | 490/1 | €11,180 | €11,462 | +€281 | +2.5% |
| Total equity and liabilities | 10/49 | €814,901 | €811,297 | -€3,603 | -0.4% |
| Equity | 10/15 | €130,872 | €95,148 | -€35,724 | -27.3% |
| Contributions | 10/11 | €75,000 | €75,000 | = | 0.0% |
| Reserves | 13 | €50,145 | €15,680 | -€34,464 | -68.7% |
| Non-distributable reserves | 130/1 | €7,500 | €7,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €7,500 | €7,500 | = | 0.0% |
| Distributable reserves | 133 | €42,645 | €8,180 | -€34,464 | -80.8% |
| Investment grants | 15 | €5,727 | €4,468 | -€1,260 | -22.0% |
| Amounts payable | 17/49 | €684,029 | €716,150 | +€32,121 | +4.7% |
| Amounts payable after more than one year | 17 | €123,104 | €107,633 | -€15,471 | -12.6% |
| Financial debts | 170/4 | €123,104 | €107,633 | -€15,471 | -12.6% |
| Amounts payable within one year | 42/48 | €560,925 | €608,517 | +€47,592 | +8.5% |
| Current portion of amounts payable after more than one year | 42 | €14,979 | €15,471 | +€492 | +3.3% |
| Financial debts | 43 | €158,603 | €151,653 | -€6,950 | -4.4% |
| Credit institutions | 430/8 | €158,603 | €151,653 | -€6,950 | -4.4% |
| Trade debts | 44 | €120,599 | €80,072 | -€40,526 | -33.6% |
| Suppliers | 440/4 | €120,599 | €80,072 | -€40,526 | -33.6% |
| Taxes, remuneration and social security | 45 | €232,272 | €326,244 | +€93,972 | +40.5% |
| Taxes | 450/3 | €193,676 | €298,866 | +€105,190 | +54.3% |
| Remuneration and social security | 454/9 | €38,596 | €27,378 | -€11,218 | -29.1% |
| Other amounts payable | 47/48 | €34,472 | €35,076 | +€604 | +1.8% |
| Remuneration, social security and pensions | 62 | €136,341 | €206,705 | +€70,364 | +51.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,413 | €21,618 | -€2,796 | -11.5% |
| Other operating charges | 640/8 | €4,858 | €23,939 | +€19,081 | +393% |
| Gross operating margin | 9900 | €141,628 | €236,782 | +€95,154 | +67.2% |
| Operating profit (loss) | 9901 | -€23,985 | -€15,480 | +€8,504 | +35.5% |
| Financial income | 75/76B | €1,277 | €1,281 | +€5 | +0.4% |
| Recurring financial income | 75 | €1,277 | €1,281 | +€5 | +0.4% |
| Financial charges | 65/66B | €17,093 | €19,674 | +€2,581 | +15.1% |
| Recurring financial charges | 65 | €17,093 | €19,674 | +€2,581 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | -€39,801 | -€33,873 | +€5,928 | +14.9% |
| Income taxes | 67/77 | €657 | €591 | -€66 | -10.1% |
| Profit (loss) for the period | 9904 | -€40,459 | -€34,464 | +€5,994 | +14.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€40,459 | -€34,464 | +€5,994 | +14.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.