TORBACK: what changed
Two fiscal 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.
TORBACK
Largest movements
- Receivables within one year -€58,262
down €58,262 (-95.9%), from €60,737 to €2,476
of which Trade receivables: -€58,024
- Cash +€29,896
up €29,896 (+433.0%), from €6,904 to €36,801
mainly Receivables within one year (+€58,262) and Net result for the year (+€7,950)
- Tangible fixed assets +€3,387
up €3,387 (+44.8%), from €7,553 to €10,940
- Reserves -€10,551
down €10,551 (-57.0%), from €18,502 to €7,950
- Trade debts -€7,331
down €7,331 (-95.8%), from €7,652 to €321
- Other debts -€5,392
down €5,392 (-17.1%), from €31,556 to €26,165
- Tax, wage and social debts -€1,709
down €1,709 (-10.9%), from €15,684 to €13,975
- Gross operating margin -€14,436
down €14,436 (-47.1%), from €30,663 to €16,227
- Taxes -€2,830
down €2,830 (-43.0%), from €6,583 to €3,752
- Other operating charges -€2,044
down €2,044 (-61.3%), from €3,334 to €1,291
- Depreciation +€1,108
up €1,108 (+71.0%), from €1,561 to €2,669
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.
Cash bridge derived
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 | €75,894 | €50,910 | -€24,983 | -32.9% |
| Fixed assets | 21/28 | €7,553 | €10,940 | +€3,387 | +44.8% |
| Tangible fixed assets | 22/27 | €7,553 | €10,940 | +€3,387 | +44.8% |
| Furniture and vehicles | 24 | €7,553 | €10,940 | +€3,387 | +44.8% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €68,341 | €39,971 | -€28,370 | -41.5% |
| Amounts receivable within one year | 40/41 | €60,737 | €2,476 | -€58,262 | -95.9% |
| Trade receivables | 40 | €60,500 | €2,476 | -€58,024 | -95.9% |
| Other amounts receivable | 41 | €237 | €0 | -€237 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,904 | €36,801 | +€29,896 | +433.0% |
| Deferred charges and accrued income | 490/1 | €699 | €695 | -€4 | -0.6% |
| Total equity and liabilities | 10/49 | €75,894 | €50,910 | -€24,983 | -32.9% |
| Equity | 10/15 | €21,002 | €10,450 | -€10,551 | -50.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €18,502 | €7,950 | -€10,551 | -57.0% |
| Distributable reserves | 133 | €18,502 | €7,950 | -€10,551 | -57.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €54,892 | €40,460 | -€14,432 | -26.3% |
| Amounts payable within one year | 42/48 | €54,892 | €40,460 | -€14,432 | -26.3% |
| Trade debts | 44 | €7,652 | €321 | -€7,331 | -95.8% |
| Suppliers | 440/4 | €7,652 | €321 | -€7,331 | -95.8% |
| Taxes, remuneration and social security | 45 | €15,684 | €13,975 | -€1,709 | -10.9% |
| Taxes | 450/3 | €15,684 | €13,975 | -€1,709 | -10.9% |
| Other amounts payable | 47/48 | €31,556 | €26,165 | -€5,392 | -17.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,561 | €2,669 | +€1,108 | +71.0% |
| Other operating charges | 640/8 | €3,334 | €1,291 | -€2,044 | -61.3% |
| Gross operating margin | 9900 | €30,663 | €16,227 | -€14,436 | -47.1% |
| Operating profit (loss) | 9901 | €25,767 | €12,266 | -€13,500 | -52.4% |
| Financial income | 75/76B | €57 | €0 | -€57 | -100.0% |
| Recurring financial income | 75 | €57 | €0 | -€57 | -100.0% |
| Financial charges | 65/66B | €739 | €563 | -€176 | -23.8% |
| Recurring financial charges | 65 | €739 | €563 | -€176 | -23.8% |
| Profit (loss) for the period before taxes | 9903 | €25,084 | €11,703 | -€13,382 | -53.3% |
| Income taxes | 67/77 | €6,583 | €3,752 | -€2,830 | -43.0% |
| Profit (loss) for the period | 9904 | €18,502 | €7,950 | -€10,551 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €18,502 | €7,950 | -€10,551 | -57.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.