Torus Capital: 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.
Torus Capital
Largest movements
- Financial fixed assets +€1.4m
up €1.4m (+20.4%), from €6.8m to €8.2m
- Cash +€187,919
up €187,919 (+74.8%), from €251,130 to €439,049
mainly Contributions, distributions and other (+€3.1m) and Trade debts (+€251,983)
- Contributions +€3.1m
up €3.1m (+35.0%), from €8.8m to €11.9m
- Profit (loss) carried forward -€1.8m
down €1.8m (-97.5%), from -€1.8m to -€3.6m
- Trade debts +€251,983
up €251,983 (+982%), from €25,659 to €277,642
- Financial income +€1.5m
new in 2025: €1.5m
of which Financial income: +€1.5m
- Financial charges +€1.4m
up €1.4m (+95.9%), from €1.5m to €2.9m
of which Non-recurring financial charges: +€1.4m
- Gross operating margin -€215,857
down €215,857 (-207%), from -€104,136 to -€319,992
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 | €7,027,067 | €8,596,717 | +€1.6m | +22.3% |
| Fixed assets | 21/28 | €6,775,938 | €8,157,669 | +€1.4m | +20.4% |
| Financial fixed assets | 28 | €6,775,938 | €8,157,669 | +€1.4m | +20.4% |
| Current assets | 29/58 | €251,130 | €439,049 | +€187,919 | +74.8% |
| Cash at bank and in hand | 54/58 | €251,130 | €439,049 | +€187,919 | +74.8% |
| Total equity and liabilities | 10/49 | €7,027,067 | €8,596,717 | +€1.6m | +22.3% |
| Equity | 10/15 | €6,974,847 | €8,292,426 | +€1.3m | +18.9% |
| Contributions | 10/11 | €8,778,095 | €11,853,760 | +€3.1m | +35.0% |
| Profit (loss) carried forward | 14 | -€1,803,248 | -€3,561,334 | -€1.8m | -97.5% |
| Amounts payable | 17/49 | €52,220 | €304,291 | +€252,071 | +483% |
| Amounts payable within one year | 42/48 | €52,220 | €304,291 | +€252,071 | +483% |
| Trade debts | 44 | €25,659 | €277,642 | +€251,983 | +982% |
| Suppliers | 440/4 | €25,659 | €277,642 | +€251,983 | +982% |
| Other amounts payable | 47/48 | €26,562 | €26,649 | +€88 | +0.3% |
| Other operating charges | 640/8 | €1,108 | €1,143 | +€35 | +3.1% |
| Gross operating margin | 9900 | -€104,136 | -€319,992 | -€215,857 | -207% |
| Operating profit (loss) | 9901 | -€105,244 | -€321,135 | -€215,891 | -205% |
| Financial income | 75/76B | - | €1,497,936 | +€1.5m | |
| Recurring financial income | 75 | - | €1,497,936 | +€1.5m | |
| Non-recurring financial income | 76B | - | €1,497,936 | +€1.5m | |
| Financial charges | 65/66B | €1,498,318 | €2,934,887 | +€1.4m | +95.9% |
| Recurring financial charges | 65 | €382 | €382 | = | 0.0% |
| Non-recurring financial charges | 66B | €1,497,936 | €2,934,505 | +€1.4m | +95.9% |
| Profit (loss) for the period before taxes | 9903 | -€1,603,562 | -€1,758,086 | -€154,524 | -9.6% |
| Profit (loss) for the period | 9904 | -€1,603,562 | -€1,758,086 | -€154,524 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,603,562 | -€1,758,086 | -€154,524 | -9.6% |
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 13 October 2026 via checked.be.