VERZEKERINGEN TORFS: what changed
VERZEKERINGEN TORFS
Largest movements
- Cash -€36,508
down €36,508 (-11.2%), from €326,279 to €289,770
mainly Tax, wage and social debts (-€28,480) and Net result for the year (-€11,198)
- Tangible fixed assets -€4,247
down €4,247 (-26.2%), from €16,229 to €11,982
of which Land and buildings: -€3,114
- Tax, wage and social debts -€28,480
no longer reported in 2025 (was €28,480)
- Reserves -€11,198
down €11,198 (-4.4%), from €256,952 to €245,754
- Gross operating margin -€66,337
down €66,337, from €60,959 to -€5,378
- Taxes -€15,573
no longer reported in 2025 (was €15,573)
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €342,979 | €302,369 | -€40,610 | -11.8% |
| Fixed assets | 21/28 | €16,229 | €11,982 | -€4,247 | -26.2% |
| Tangible fixed assets | 22/27 | €16,229 | €11,982 | -€4,247 | -26.2% |
| Land and buildings | 22 | €14,470 | €11,356 | -€3,114 | -21.5% |
| Plant, machinery and equipment | 23 | €810 | €347 | -€463 | -57.1% |
| Furniture and vehicles | 24 | €949 | €279 | -€670 | -70.6% |
| Current assets | 29/58 | €326,750 | €290,387 | -€36,363 | -11.1% |
| Cash at bank and in hand | 54/58 | €326,279 | €289,770 | -€36,508 | -11.2% |
| Deferred charges and accrued income | 490/1 | €471 | €617 | +€146 | +30.9% |
| Total equity and liabilities | 10/49 | €342,979 | €302,369 | -€40,610 | -11.8% |
| Equity | 10/15 | €287,952 | €276,754 | -€11,198 | -3.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €256,952 | €245,754 | -€11,198 | -4.4% |
| Distributable reserves | 133 | €256,952 | €245,754 | -€11,198 | -4.4% |
| Amounts payable | 17/49 | €55,027 | €25,616 | -€29,412 | -53.4% |
| Amounts payable within one year | 42/48 | €55,027 | €25,616 | -€29,412 | -53.4% |
| Trade debts | 44 | €97 | €650 | +€552 | +569% |
| Suppliers | 440/4 | €97 | €650 | +€552 | +569% |
| Taxes, remuneration and social security | 45 | €28,480 | - | -€28,480 | |
| Taxes | 450/3 | €28,480 | - | -€28,480 | |
| Other amounts payable | 47/48 | €26,450 | €24,966 | -€1,484 | -5.6% |
| Non-recurring operating income | 76A | €121,500 | - | -€121,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,247 | €4,247 | = | 0.0% |
| Other operating charges | 640/8 | €1,345 | €1,308 | -€37 | -2.8% |
| Gross operating margin | 9900 | €60,959 | -€5,378 | -€66,337 | |
| Operating profit (loss) | 9901 | €55,367 | -€10,933 | -€66,300 | |
| Financial charges | 65/66B | €197 | €265 | +€69 | +34.9% |
| Recurring financial charges | 65 | €197 | €265 | +€69 | +34.9% |
| Profit (loss) for the period before taxes | 9903 | €55,170 | -€11,198 | -€66,368 | |
| Income taxes | 67/77 | €15,573 | - | -€15,573 | |
| Profit (loss) for the period | 9904 | €39,597 | -€11,198 | -€50,795 | |
| Profit (loss) for the period to be appropriated | 9905 | €39,597 | -€11,198 | -€50,795 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.