TORRES-L: 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-L
Largest movements
- Cash +€6,091
up €6,091 (+13.2%), from €46,260 to €52,351
mainly Net result for the year (+€6,110) and Tax, wage and social debts (+€3,418)
- Tangible fixed assets +€1,173
up €1,173, from €0 to €1,173
of which Plant, machinery and equipment: +€1,173
- Financial fixed assets -€1,000
down €1,000 (-100.0%), from €1,000 to €0
- Receivables within one year -€988
down €988 (-42.8%), from €2,311 to €1,322
of which Trade receivables: -€1,977
- Profit (loss) carried forward +€6,110
up €6,110 (+26.4%), from €23,129 to €29,239
- Other debts -€4,410
down €4,410 (-32.7%), from €13,492 to €9,082
- Tax, wage and social debts +€3,418
up €3,418 (+10010.2%), from €34 to €3,453
of which Taxes: +€3,418
- Purchases and services +€66,511
up €66,511 (+95.9%), from €69,382 to €135,892
- Turnover +€62,151
up €62,151 (+74.9%), from €82,958 to €145,109
- Gross operating margin -€4,420
down €4,420 (-32.4%), from €13,637 to €9,217
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 | €49,841 | €54,933 | +€5,091 | +10.2% |
| Fixed assets | 21/28 | €1,000 | €1,173 | +€173 | +17.3% |
| Tangible fixed assets | 22/27 | €0 | €1,173 | +€1,173 | |
| Plant, machinery and equipment | 23 | €0 | €1,173 | +€1,173 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €1,000 | €0 | -€1,000 | -100.0% |
| Current assets | 29/58 | €48,841 | €53,759 | +€4,918 | +10.1% |
| Amounts receivable within one year | 40/41 | €2,311 | €1,322 | -€988 | -42.8% |
| Trade receivables | 40 | €1,977 | €0 | -€1,977 | -100.0% |
| Other amounts receivable | 41 | €333 | €1,322 | +€989 | +296.5% |
| Cash at bank and in hand | 54/58 | €46,260 | €52,351 | +€6,091 | +13.2% |
| Deferred charges and accrued income | 490/1 | €270 | €86 | -€184 | -68.2% |
| Total equity and liabilities | 10/49 | €49,841 | €54,933 | +€5,091 | +10.2% |
| Equity | 10/15 | €35,689 | €41,799 | +€6,110 | +17.1% |
| Contributions | 10/11 | €10,700 | €10,700 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €23,129 | €29,239 | +€6,110 | +26.4% |
| Amounts payable | 17/49 | €14,153 | €13,134 | -€1,019 | -7.2% |
| Amounts payable within one year | 42/48 | €14,153 | €13,134 | -€1,019 | -7.2% |
| Trade debts | 44 | €426 | €599 | +€172 | +40.4% |
| Suppliers | 440/4 | €426 | €599 | +€172 | +40.4% |
| Advances received on contracts in progress | 46 | €200 | €0 | -€200 | -100.0% |
| Taxes, remuneration and social security | 45 | €34 | €3,453 | +€3,418 | +10010.2% |
| Taxes | 450/3 | €34 | €3,453 | +€3,418 | +10010.2% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €13,492 | €9,082 | -€4,410 | -32.7% |
| Turnover | 70 | €82,958 | €145,109 | +€62,151 | +74.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €69,382 | €135,892 | +€66,511 | +95.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €327 | +€327 | |
| Other operating charges | 640/8 | €978 | €2,005 | +€1,027 | +105.0% |
| Gross operating margin | 9900 | €13,637 | €9,217 | -€4,420 | -32.4% |
| Operating profit (loss) | 9901 | €12,659 | €6,885 | -€5,774 | -45.6% |
| Financial income | 75/76B | €70 | €51 | -€19 | -26.9% |
| Recurring financial income | 75 | €70 | €51 | -€19 | -26.9% |
| Financial charges | 65/66B | €49 | €826 | +€778 | +1598.6% |
| Recurring financial charges | 65 | €49 | €826 | +€778 | +1598.6% |
| Profit (loss) for the period before taxes | 9903 | €12,680 | €6,110 | -€6,570 | -51.8% |
| Income taxes | 67/77 | -€92 | - | +€92 | |
| Profit (loss) for the period | 9904 | €12,772 | €6,110 | -€6,662 | -52.2% |
| Profit (loss) for the period to be appropriated | 9905 | €12,772 | €6,110 | -€6,662 | -52.2% |
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.