Torres Consult: 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.
Torres Consult
Largest movements
- Current investments +€95,000
up €95,000, from €0 to €95,000
- Cash -€56,937
down €56,937 (-54.7%), from €104,116 to €47,179
mainly Contributions, distributions and other (-€175,548) and Current investments (-€95,000)
- Tangible fixed assets -€6,713
down €6,713 (-20.3%), from €33,076 to €26,363
of which Furniture and vehicles: -€5,675
- Other debts +€21,016
up €21,016 (+13.6%), from €154,532 to €175,548
- Tax, wage and social debts +€10,794
up €10,794 (+60.1%), from €17,964 to €28,758
- Gross operating margin +€34,325
up €34,325 (+15.4%), from €223,476 to €257,801
- Taxes +€20,005
up €20,005 (+42.3%), from €47,266 to €67,271
- Other operating charges -€7,606
down €7,606 (-87.7%), from €8,678 to €1,072
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 | €330,636 | €362,110 | +€31,474 | +9.5% |
| Fixed assets | 21/28 | €183,076 | €176,363 | -€6,713 | -3.7% |
| Tangible fixed assets | 22/27 | €33,076 | €26,363 | -€6,713 | -20.3% |
| Plant, machinery and equipment | 23 | €2,048 | €1,010 | -€1,038 | -50.7% |
| Furniture and vehicles | 24 | €9,776 | €4,101 | -€5,675 | -58.1% |
| Other tangible fixed assets | 26 | €21,253 | €21,253 | = | 0.0% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €147,560 | €185,747 | +€38,187 | +25.9% |
| Amounts receivable within one year | 40/41 | €37,134 | €37,065 | -€70 | -0.2% |
| Trade receivables | 40 | €35,100 | €35,775 | +€675 | +1.9% |
| Other amounts receivable | 41 | €2,035 | €1,290 | -€745 | -36.6% |
| Current investments | 50/53 | €0 | €95,000 | +€95,000 | |
| Cash at bank and in hand | 54/58 | €104,116 | €47,179 | -€56,937 | -54.7% |
| Deferred charges and accrued income | 490/1 | €6,309 | €6,503 | +€194 | +3.1% |
| Total equity and liabilities | 10/49 | €330,636 | €362,110 | +€31,474 | +9.5% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €325,636 | €357,110 | +€31,474 | +9.7% |
| Amounts payable after more than one year | 17 | €150,000 | €150,000 | = | 0.0% |
| Financial debts | 170/4 | €150,000 | €150,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €173,136 | €204,610 | +€31,474 | +18.2% |
| Trade debts | 44 | €640 | €303 | -€337 | -52.6% |
| Suppliers | 440/4 | €640 | €303 | -€337 | -52.6% |
| Taxes, remuneration and social security | 45 | €17,964 | €28,758 | +€10,794 | +60.1% |
| Taxes | 450/3 | €17,964 | €28,758 | +€10,794 | +60.1% |
| Other amounts payable | 47/48 | €154,532 | €175,548 | +€21,016 | +13.6% |
| Accrued charges and deferred income | 492/3 | €2,500 | €2,500 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,713 | €6,713 | = | 0.0% |
| Other operating charges | 640/8 | €8,678 | €1,072 | -€7,606 | -87.7% |
| Gross operating margin | 9900 | €223,476 | €257,801 | +€34,325 | +15.4% |
| Operating profit (loss) | 9901 | €208,085 | €250,016 | +€41,931 | +20.2% |
| Financial income | 75/76B | €1,524 | €713 | -€811 | -53.2% |
| Recurring financial income | 75 | €1,524 | €713 | -€811 | -53.2% |
| Financial charges | 65/66B | €8,068 | €7,910 | -€159 | -2.0% |
| Recurring financial charges | 65 | €8,068 | €7,910 | -€159 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €201,541 | €242,820 | +€41,279 | +20.5% |
| Income taxes | 67/77 | €47,266 | €67,271 | +€20,005 | +42.3% |
| Profit (loss) for the period | 9904 | €154,274 | €175,548 | +€21,274 | +13.8% |
| Profit (loss) for the period to be appropriated | 9905 | €154,274 | €175,548 | +€21,274 | +13.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.