Torrywood: 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.
Torrywood
Largest movements
- Tangible fixed assets -€7,619
down €7,619 (-27.1%), from €28,145 to €20,525
- Deferred charges and accrued income +€3,279
new in 2025: €3,279
- Cash -€580
down €580 (-8.8%), from €6,571 to €5,991
mainly Tax, wage and social debts (-€26,724) and Deferred charges and accrued income (-€3,279)
- Intangible fixed assets -€500
down €500 (-100%), from €500 to €0
- Tax, wage and social debts -€26,724
down €26,724 (-50.2%), from €53,255 to €26,531
of which Taxes: -€13,607
- Trade debts +€16,165
up €16,165 (+72.7%), from €22,244 to €38,409
- Reserves +€11,000
new in 2025: €11,000
- Other debts -€3,262
down €3,262 (-7.4%), from €43,911 to €40,649
- Current portion of long-term debt -€1,929
down €1,929 (-46.7%), from €4,129 to €2,200
- Gross operating margin -€21,956
down €21,956 (-25.0%), from €87,897 to €65,941
- Staff costs -€17,204
down €17,204 (-33.6%), from €51,212 to €34,008
- Other operating charges -€6,221
down €6,221 (-51.3%), from €12,127 to €5,906
- Financial charges +€1,967
up €1,967 (+360%), from €546 to €2,514
- Depreciation +€1,205
up €1,205 (+13.8%), from €8,745 to €9,951
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 | €49,204 | €43,447 | -€5,757 | -11.7% |
| Fixed assets | 21/28 | €36,638 | €28,176 | -€8,462 | -23.1% |
| Intangible fixed assets | 21 | €500 | €0 | -€500 | -100% |
| Tangible fixed assets | 22/27 | €28,145 | €20,525 | -€7,619 | -27.1% |
| Land and buildings | 22 | €634 | €440 | -€194 | -30.6% |
| Plant, machinery and equipment | 23 | €17,646 | €14,735 | -€2,911 | -16.5% |
| Furniture and vehicles | 24 | €8,583 | €4,906 | -€3,677 | -42.8% |
| Other tangible fixed assets | 26 | €1,281 | €443 | -€838 | -65.4% |
| Financial fixed assets | 28 | €7,994 | €7,651 | -€343 | -4.3% |
| Current assets | 29/58 | €12,565 | €15,270 | +€2,705 | +21.5% |
| Stocks and contracts in progress | 3 | €5,995 | €6,000 | +€5 | +0.1% |
| Stocks | 30/36 | €5,995 | €6,000 | +€5 | +0.1% |
| Cash at bank and in hand | 54/58 | €6,571 | €5,991 | -€580 | -8.8% |
| Deferred charges and accrued income | 490/1 | - | €3,279 | +€3,279 | |
| Total equity and liabilities | 10/49 | €49,204 | €43,447 | -€5,757 | -11.7% |
| Equity | 10/15 | -€83,585 | -€71,770 | +€11,815 | +14.1% |
| Contributions | 10/11 | €15,400 | €15,400 | = | 0.0% |
| Reserves | 13 | - | €11,000 | +€11,000 | |
| Distributable reserves | 133 | - | €11,000 | +€11,000 | |
| Profit (loss) carried forward | 14 | -€98,985 | -€98,170 | +€815 | +0.8% |
| Amounts payable | 17/49 | €132,789 | €115,217 | -€17,572 | -13.2% |
| Amounts payable after more than one year | 17 | €5,300 | €3,800 | -€1,500 | -28.3% |
| Financial debts | 170/4 | €5,300 | €3,800 | -€1,500 | -28.3% |
| Amounts payable within one year | 42/48 | €123,539 | €107,789 | -€15,750 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | €4,129 | €2,200 | -€1,929 | -46.7% |
| Trade debts | 44 | €22,244 | €38,409 | +€16,165 | +72.7% |
| Suppliers | 440/4 | €22,244 | €38,409 | +€16,165 | +72.7% |
| Taxes, remuneration and social security | 45 | €53,255 | €26,531 | -€26,724 | -50.2% |
| Taxes | 450/3 | €34,655 | €21,048 | -€13,607 | -39.3% |
| Remuneration and social security | 454/9 | €18,600 | €5,483 | -€13,117 | -70.5% |
| Other amounts payable | 47/48 | €43,911 | €40,649 | -€3,262 | -7.4% |
| Accrued charges and deferred income | 492/3 | €3,950 | €3,628 | -€322 | -8.2% |
| Non-recurring operating income | 76A | €0 | €226 | +€226 | |
| Remuneration, social security and pensions | 62 | €51,212 | €34,008 | -€17,204 | -33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,745 | €9,951 | +€1,205 | +13.8% |
| Other operating charges | 640/8 | €12,127 | €5,906 | -€6,221 | -51.3% |
| Non-recurring operating charges | 66A | €0 | €37 | +€37 | |
| Gross operating margin | 9900 | €87,897 | €65,941 | -€21,956 | -25.0% |
| Operating profit (loss) | 9901 | €15,812 | €16,039 | +€226 | +1.4% |
| Financial charges | 65/66B | €546 | €2,514 | +€1,967 | +360% |
| Recurring financial charges | 65 | €546 | €2,514 | +€1,967 | +360% |
| Profit (loss) for the period before taxes | 9903 | €15,266 | €13,525 | -€1,741 | -11.4% |
| Income taxes | 67/77 | €598 | €1,710 | +€1,112 | +186% |
| Profit (loss) for the period | 9904 | €14,668 | €11,815 | -€2,853 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €14,668 | €11,815 | -€2,853 | -19.5% |
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 28 October 2026 via checked.be.