TORSK: 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.
TORSK
Largest movements
- Tangible fixed assets +€33,637
up €33,637 (+32.8%), from €102,442 to €136,079
of which Furniture and vehicles: +€32,502
- Stocks and contracts -€9,611
down €9,611 (-5.7%), from €167,817 to €158,206
- Receivables within one year +€4,822
up €4,822 (+69.2%), from €6,970 to €11,792
of which Other amounts receivable: +€4,517
- Other debts +€47,060
up €47,060 (+18.5%), from €254,621 to €301,681
- Profit (loss) carried forward -€26,438
down €26,438 (-17.9%), from -€147,735 to -€174,173
- Tax, wage and social debts +€9,195
up €9,195 (+1,916%), from €480 to €9,675
- Turnover +€35,242
up €35,242 (+69.4%), from €50,806 to €86,048
- Purchases and services +€19,264
up €19,264 (+25.1%), from €76,606 to €95,870
- Gross operating margin +€10,476
up €10,476 (+166%), from €6,305 to €16,781
- Depreciation +€8,802
up €8,802 (+248%), from €3,553 to €12,354
- Other operating charges -€5,810
down €5,810 (-22.9%), from €25,332 to €19,522
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 | €279,637 | €306,879 | +€27,243 | +9.7% |
| Fixed assets | 21/28 | €102,942 | €136,579 | +€33,637 | +32.7% |
| Tangible fixed assets | 22/27 | €102,442 | €136,079 | +€33,637 | +32.8% |
| Land and buildings | 22 | €100,695 | €97,830 | -€2,865 | -2.8% |
| Plant, machinery and equipment | 23 | - | €3,999 | +€3,999 | |
| Furniture and vehicles | 24 | €1,747 | €34,250 | +€32,502 | +1,860% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €176,695 | €170,301 | -€6,394 | -3.6% |
| Stocks and contracts in progress | 3 | €167,817 | €158,206 | -€9,611 | -5.7% |
| Stocks | 30/36 | €167,817 | €158,206 | -€9,611 | -5.7% |
| Amounts receivable within one year | 40/41 | €6,970 | €11,792 | +€4,822 | +69.2% |
| Trade receivables | 40 | €1,703 | €2,008 | +€305 | +17.9% |
| Other amounts receivable | 41 | €5,267 | €9,784 | +€4,517 | +85.8% |
| Cash at bank and in hand | 54/58 | €1,908 | €302 | -€1,605 | -84.2% |
| Total equity and liabilities | 10/49 | €279,637 | €306,879 | +€27,243 | +9.7% |
| Equity | 10/15 | €2,096 | -€24,342 | -€26,438 | |
| Contributions | 10/11 | €123,947 | €123,947 | = | 0.0% |
| Reserves | 13 | €25,884 | €25,884 | = | 0.0% |
| Distributable reserves | 133 | €25,884 | €25,884 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€147,735 | -€174,173 | -€26,438 | -17.9% |
| Amounts payable | 17/49 | €277,541 | €331,222 | +€53,681 | +19.3% |
| Amounts payable after more than one year | 17 | €22,440 | €19,866 | -€2,574 | -11.5% |
| Financial debts | 170/4 | €8,575 | €15,242 | +€6,668 | +77.8% |
| Trade debts | 175 | €13,866 | €4,624 | -€9,242 | -66.7% |
| Amounts payable within one year | 42/48 | €255,101 | €311,356 | +€56,255 | +22.1% |
| Taxes, remuneration and social security | 45 | €480 | €9,675 | +€9,195 | +1,916% |
| Taxes | 450/3 | €480 | €9,675 | +€9,195 | +1,916% |
| Other amounts payable | 47/48 | €254,621 | €301,681 | +€47,060 | +18.5% |
| Turnover | 70 | €50,806 | €86,048 | +€35,242 | +69.4% |
| Non-recurring operating income | 76A | €32,106 | €26,603 | -€5,503 | -17.1% |
| Goods, raw materials, services and sundry goods | 60/61 | €76,606 | €95,870 | +€19,264 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,553 | €12,354 | +€8,802 | +248% |
| Other operating charges | 640/8 | €25,332 | €19,522 | -€5,810 | -22.9% |
| Gross operating margin | 9900 | €6,305 | €16,781 | +€10,476 | +166% |
| Operating profit (loss) | 9901 | -€22,580 | -€15,096 | +€7,484 | +33.1% |
| Financial income | 75/76B | - | €4 | +€4 | |
| Recurring financial income | 75 | - | €4 | +€4 | |
| Non-recurring financial income | 76B | - | €4 | +€4 | |
| Financial charges | 65/66B | €12,561 | €11,346 | -€1,215 | -9.7% |
| Recurring financial charges | 65 | €12,561 | €11,346 | -€1,215 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | -€35,141 | -€26,438 | +€8,703 | +24.8% |
| Profit (loss) for the period | 9904 | -€35,141 | -€26,438 | +€8,703 | +24.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€35,141 | -€26,438 | +€8,703 | +24.8% |
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 20 October 2026 via checked.be.