Torres - Cloet: 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.
Torres - Cloet
Largest movements
- Cash -€51,821
down €51,821 (-74.0%), from €70,039 to €18,217
mainly Contributions, distributions and other (-€119,271) and Deferred charges and accrued income (-€27,617)
- Deferred charges and accrued income +€27,617
up €27,617 (+74.5%), from €37,078 to €64,695
- Receivables within one year +€9,265
up €9,265 (+455%), from €2,037 to €11,303
of which Other amounts receivable: +€9,265
- Tangible fixed assets +€3,592
up €3,592 (+10.9%), from €32,988 to €36,580
of which Other tangible fixed assets: +€9,925
- Reserves -€39,789
down €39,789 (-100%), from €39,789 to €0
- Other debts +€30,237
up €30,237 (+37.2%), from €81,267 to €111,504
- Tax, wage and social debts -€2,760
down €2,760 (-53.4%), from €5,168 to €2,408
of which Taxes: -€4,300
- Gross operating margin +€58,324
up €58,324 (+91.3%), from €63,913 to €122,238
- Taxes +€10,608
up €10,608 (+91.9%), from €11,545 to €22,153
- Staff costs +€7,233
up €7,233 (+265%), from €2,734 to €9,967
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 | €142,142 | €130,795 | -€11,347 | -8.0% |
| Fixed assets | 21/28 | €32,988 | €36,580 | +€3,592 | +10.9% |
| Tangible fixed assets | 22/27 | €32,988 | €36,580 | +€3,592 | +10.9% |
| Plant, machinery and equipment | 23 | €8,325 | €4,524 | -€3,801 | -45.7% |
| Furniture and vehicles | 24 | €6,602 | €4,071 | -€2,531 | -38.3% |
| Other tangible fixed assets | 26 | €18,061 | €27,986 | +€9,925 | +55.0% |
| Current assets | 29/58 | €109,154 | €94,215 | -€14,939 | -13.7% |
| Amounts receivable within one year | 40/41 | €2,037 | €11,303 | +€9,265 | +455% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,037 | €11,303 | +€9,265 | +455% |
| Cash at bank and in hand | 54/58 | €70,039 | €18,217 | -€51,821 | -74.0% |
| Deferred charges and accrued income | 490/1 | €37,078 | €64,695 | +€27,617 | +74.5% |
| Total equity and liabilities | 10/49 | €142,142 | €130,795 | -€11,347 | -8.0% |
| Equity | 10/15 | €54,789 | €15,000 | -€39,789 | -72.6% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €39,789 | €0 | -€39,789 | -100% |
| Distributable reserves | 133 | €39,789 | €0 | -€39,789 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,353 | €115,795 | +€28,442 | +32.6% |
| Amounts payable within one year | 42/48 | €87,353 | €115,795 | +€28,442 | +32.6% |
| Trade debts | 44 | €918 | €1,882 | +€964 | +105% |
| Suppliers | 440/4 | €918 | €1,882 | +€964 | +105% |
| Taxes, remuneration and social security | 45 | €5,168 | €2,408 | -€2,760 | -53.4% |
| Taxes | 450/3 | €4,300 | €0 | -€4,300 | -100% |
| Remuneration and social security | 454/9 | €868 | €2,408 | +€1,540 | +177% |
| Other amounts payable | 47/48 | €81,267 | €111,504 | +€30,237 | +37.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €2,734 | €9,967 | +€7,233 | +265% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,542 | €8,727 | +€185 | +2.2% |
| Other operating charges | 640/8 | €1,157 | €915 | -€242 | -20.9% |
| Gross operating margin | 9900 | €63,913 | €122,238 | +€58,324 | +91.3% |
| Operating profit (loss) | 9901 | €51,481 | €102,629 | +€51,148 | +99.4% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €1,018 | €994 | -€24 | -2.4% |
| Recurring financial charges | 65 | €1,018 | €994 | -€24 | -2.4% |
| Profit (loss) for the period before taxes | 9903 | €50,463 | €101,635 | +€51,172 | +101% |
| Income taxes | 67/77 | €11,545 | €22,153 | +€10,608 | +91.9% |
| Profit (loss) for the period | 9904 | €38,918 | €79,483 | +€40,564 | +104% |
| Profit (loss) for the period to be appropriated | 9905 | €38,918 | €79,483 | +€40,564 | +104% |
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 23 October 2026 via checked.be.