Torus Projects: 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 Projects
Largest movements
- Stocks and contracts +€839,583
up €839,583 (+482%), from €174,175 to €1.0m
- Receivables within one year +€283,417
up €283,417 (+170%), from €166,398 to €449,815
of which Other amounts receivable: +€332,917
- Cash +€75,413
up €75,413 (+92.6%), from €81,482 to €156,895
mainly Debts after one year (+€693,174) and Trade debts (+€416,505)
- Debts after one year +€693,174
up €693,174 (+335%), from €206,826 to €900,000
- Trade debts +€416,505
up €416,505 (+1,211%), from €34,381 to €450,886
- Other debts +€121,823
up €121,823 (+19.4%), from €629,510 to €751,333
- Profit (loss) carried forward -€33,089
down €33,089 (-7.1%), from -€468,662 to -€501,751
- Gross operating margin +€16,883
up €16,883 (+36.0%), from -€46,958 to -€30,075
- Financial charges +€2,276
up €2,276 (+825%), from €276 to €2,552
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 | €422,055 | €1,620,468 | +€1.2m | +284% |
| Current assets | 29/58 | €422,055 | €1,620,468 | +€1.2m | +284% |
| Stocks and contracts in progress | 3 | €174,175 | €1,013,758 | +€839,583 | +482% |
| Contracts in progress | 37 | €174,175 | €1,013,758 | +€839,583 | +482% |
| Amounts receivable within one year | 40/41 | €166,398 | €449,815 | +€283,417 | +170% |
| Trade receivables | 40 | €49,500 | - | -€49,500 | |
| Other amounts receivable | 41 | €116,898 | €449,815 | +€332,917 | +285% |
| Cash at bank and in hand | 54/58 | €81,482 | €156,895 | +€75,413 | +92.6% |
| Total equity and liabilities | 10/49 | €422,055 | €1,620,468 | +€1.2m | +284% |
| Equity | 10/15 | -€448,662 | -€481,751 | -€33,089 | -7.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€468,662 | -€501,751 | -€33,089 | -7.1% |
| Amounts payable | 17/49 | €870,717 | €2,102,219 | +€1.2m | +141% |
| Amounts payable after more than one year | 17 | €206,826 | €900,000 | +€693,174 | +335% |
| Financial debts | 170/4 | €206,826 | €900,000 | +€693,174 | +335% |
| Amounts payable within one year | 42/48 | €663,891 | €1,202,219 | +€538,328 | +81.1% |
| Trade debts | 44 | €34,381 | €450,886 | +€416,505 | +1,211% |
| Suppliers | 440/4 | €34,381 | €450,886 | +€416,505 | +1,211% |
| Other amounts payable | 47/48 | €629,510 | €751,333 | +€121,823 | +19.4% |
| Other operating charges | 640/8 | €449 | €462 | +€13 | +2.9% |
| Gross operating margin | 9900 | -€46,958 | -€30,075 | +€16,883 | +36.0% |
| Operating profit (loss) | 9901 | -€47,407 | -€30,537 | +€16,870 | +35.6% |
| Financial charges | 65/66B | €276 | €2,552 | +€2,276 | +825% |
| Recurring financial charges | 65 | €276 | €2,552 | +€2,276 | +825% |
| Profit (loss) for the period before taxes | 9903 | -€47,683 | -€33,089 | +€14,594 | +30.6% |
| Profit (loss) for the period | 9904 | -€47,683 | -€33,089 | +€14,594 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,683 | -€33,089 | +€14,594 | +30.6% |
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 15 October 2026 via checked.be.