TORRIGIOTTI: 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.
TORRIGIOTTI
Largest movements
- Tangible fixed assets -€11,765
down €11,765 (-6.7%), from €175,292 to €163,527
of which Land and buildings: -€9,718
- Receivables within one year +€2,471
up €2,471 (+1,649%), from €150 to €2,621
of which Trade receivables: +€2,552
- Debts after one year -€10,366
down €10,366 (-7.4%), from €139,905 to €129,539
- Profit (loss) carried forward +€2,408
up €2,408 (+109%), from €2,202 to €4,610
- Short-term financial debts -€2,174
down €2,174 (-100%), from €2,174 to €0
- Other debts +€2,110
up €2,110 (+29.3%), from €7,208 to €9,318
- Accrued charges and deferred income +€1,815
new in 2025: €1,815
- Staff costs -€23,158
down €23,158 (-96.0%), from €24,132 to €975
- Gross operating margin -€12,314
down €12,314 (-35.9%), from €34,302 to €21,988
- Financial charges -€2,352
down €2,352 (-31.9%), from €7,381 to €5,028
- Depreciation -€589
down €589 (-4.8%), from €12,355 to €11,765
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 | €177,523 | €168,220 | -€9,303 | -5.2% |
| Fixed assets | 21/28 | €175,792 | €164,027 | -€11,765 | -6.7% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €175,292 | €163,527 | -€11,765 | -6.7% |
| Land and buildings | 22 | €166,058 | €156,339 | -€9,718 | -5.9% |
| Plant, machinery and equipment | 23 | €670 | €304 | -€366 | -54.6% |
| Furniture and vehicles | 24 | €818 | €310 | -€508 | -62.1% |
| Other tangible fixed assets | 26 | €7,746 | €6,573 | -€1,173 | -15.1% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,731 | €4,194 | +€2,463 | +142% |
| Stocks and contracts in progress | 3 | €168 | €62 | -€107 | -63.3% |
| Stocks | 30/36 | €168 | €62 | -€107 | -63.3% |
| Amounts receivable within one year | 40/41 | €150 | €2,621 | +€2,471 | +1,649% |
| Trade receivables | 40 | €68 | €2,621 | +€2,552 | +3,729% |
| Other amounts receivable | 41 | €81 | €0 | -€81 | -100% |
| Cash at bank and in hand | 54/58 | €1 | €840 | +€839 | +104,873% |
| Deferred charges and accrued income | 490/1 | €1,412 | €671 | -€741 | -52.5% |
| Total equity and liabilities | 10/49 | €177,523 | €168,220 | -€9,303 | -5.2% |
| Equity | 10/15 | €10,262 | €12,670 | +€2,408 | +23.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 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 | €2,202 | €4,610 | +€2,408 | +109% |
| Amounts payable | 17/49 | €167,261 | €155,551 | -€11,711 | -7.0% |
| Amounts payable after more than one year | 17 | €139,905 | €129,539 | -€10,366 | -7.4% |
| Financial debts | 170/4 | €139,905 | €129,539 | -€10,366 | -7.4% |
| Amounts payable within one year | 42/48 | €27,357 | €24,197 | -€3,159 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €12,689 | €10,929 | -€1,760 | -13.9% |
| Financial debts | 43 | €2,174 | €0 | -€2,174 | -100% |
| Credit institutions | 430/8 | €2,174 | €0 | -€2,174 | -100% |
| Trade debts | 44 | €3,043 | €1,534 | -€1,509 | -49.6% |
| Suppliers | 440/4 | €3,043 | €1,534 | -€1,509 | -49.6% |
| Taxes, remuneration and social security | 45 | €2,242 | €2,417 | +€175 | +7.8% |
| Taxes | 450/3 | €2,242 | €2,417 | +€175 | +7.8% |
| Other amounts payable | 47/48 | €7,208 | €9,318 | +€2,110 | +29.3% |
| Accrued charges and deferred income | 492/3 | - | €1,815 | +€1,815 | |
| Remuneration, social security and pensions | 62 | €24,132 | €975 | -€23,158 | -96.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,355 | €11,765 | -€589 | -4.8% |
| Other operating charges | 640/8 | €1,604 | €1,501 | -€103 | -6.4% |
| Gross operating margin | 9900 | €34,302 | €21,988 | -€12,314 | -35.9% |
| Operating profit (loss) | 9901 | -€3,789 | €7,747 | +€11,536 | |
| Financial income | 75/76B | €47 | €3 | -€44 | -93.5% |
| Recurring financial income | 75 | €47 | €3 | -€44 | -93.5% |
| Financial charges | 65/66B | €7,381 | €5,028 | -€2,352 | -31.9% |
| Recurring financial charges | 65 | €7,381 | €5,028 | -€2,352 | -31.9% |
| Profit (loss) for the period before taxes | 9903 | -€11,123 | €2,722 | +€13,845 | |
| Income taxes | 67/77 | €456 | €314 | -€142 | -31.2% |
| Profit (loss) for the period | 9904 | -€11,579 | €2,408 | +€13,987 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,579 | €2,408 | +€13,987 |
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 15 October 2026 via checked.be.