De Troef: 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.
What changed
De Troef
NACE 88.993, Social work activities without accommodation
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€360,134
2024 · €44,825-€404,959
Equity
€3.3m
2024 · €3.7m-€360,134
Cash
€282,166
2024 · €258,439+€23,727
Balance sheet total
€5.0m
2024 · €5.4m-€360,153
Largest movements
Assets
- Financial fixed assets -€283,583
down €283,583 (-39.9%), from €711,479 to €427,896
of which Affiliated companies: -€280,757
Equity and liabilities
- Profit (loss) carried forward -€360,134
down €360,134 (-9.8%), from €3.7m to €3.3m
- Debts after one year -€202,749
down €202,749 (-30.7%), from €661,058 to €458,308
- Debts within one year +€202,730
up €202,730 (+19.2%), from €1.1m to €1.3m
Income statement
- Turnover +€148,712
up €148,712 (+5.6%), from €2.7m to €2.8m
- Services and other goods +€123,649
up €123,649 (+16.7%), from €738,473 to €862,122
- Staff costs +€116,140
up €116,140 (+4.2%), from €2.8m to €2.9m
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.
Result 2024
€44,825
Turnover
+€148,712
Other operating income
+€14,068
Goods and materials
-€5,889
Services and other goods
-€123,649
Staff costs
-€116,140
Depreciation
-€19,192
Write-downs
-€8,613
Other operating charges
-€9,484
Other operating items
-€293,086
Financial income
+€917
Financial charges
+€7,383
Taxes
+€14
Result 2025
-€360,134
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.
From operations
+€188,355
Investment
+€38,121
Financing
-€202,749
Cash 2024
€258,439
From operations (derived)
+€188,355
Net result for the year
-€360,134
Depreciation
+€284,178
Stocks and contracts
+€13,651
Receivables within one year
+€29,137
Deferred charges and accrued income
+€18,793
Debts within one year
+€202,730
Investment (derived)
+€38,121
Investment in fixed assets (net)
+€38,121
Financing
-€202,749
Debts after one year
-€202,749
Cash 2025
€282,166
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,402,604 | €5,042,451 | -€360,153 | -6.7% |
| Fixed assets | 21/28 | €3,472,238 | €3,149,939 | -€322,299 | -9.3% |
| Intangible fixed assets | 21 | €1,263 | €632 | -€632 | -50.0% |
| Tangible fixed assets | 22/27 | €2,759,495 | €2,721,411 | -€38,084 | -1.4% |
| Land and buildings | 22 | €2,209,628 | €2,531,531 | +€321,903 | +14.6% |
| Plant, machinery and equipment | 23 | €130,066 | €100,784 | -€29,282 | -22.5% |
| Furniture and vehicles | 24 | €148,144 | €89,097 | -€59,048 | -39.9% |
| Assets under construction and advance payments | 27 | €271,657 | - | -€271,657 | |
| Financial fixed assets | 28 | €711,479 | €427,896 | -€283,583 | -39.9% |
| Affiliated companies | 280/1 | €705,384 | €424,626 | -€280,757 | -39.8% |
| Participating interests | 280 | €705,384 | €424,626 | -€280,757 | -39.8% |
| Other financial fixed assets | 284/8 | €6,096 | €3,270 | -€2,826 | -46.4% |
| Amounts receivable and cash guarantees | 285/8 | €6,096 | €3,270 | -€2,826 | -46.4% |
| Current assets | 29/58 | €1,930,367 | €1,892,512 | -€37,854 | -2.0% |
| Stocks and contracts in progress | 3 | €44,202 | €30,551 | -€13,651 | -30.9% |
| Stocks | 30/36 | €44,202 | €30,551 | -€13,651 | -30.9% |
| Goods purchased for resale | 34 | €44,202 | €30,551 | -€13,651 | -30.9% |
| Amounts receivable within one year | 40/41 | €1,509,338 | €1,480,200 | -€29,137 | -1.9% |
| Trade receivables | 40 | €413,597 | €596,534 | +€182,937 | +44.2% |
| Other amounts receivable | 41 | €1,095,740 | €883,666 | -€212,074 | -19.4% |
| Current investments | 50/53 | €250 | €250 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €258,439 | €282,166 | +€23,727 | +9.2% |
| Deferred charges and accrued income | 490/1 | €118,138 | €99,345 | -€18,793 | -15.9% |
| Total equity and liabilities | 10/49 | €5,402,604 | €5,042,451 | -€360,153 | -6.7% |
| Equity | 10/15 | €3,683,084 | €3,322,950 | -€360,134 | -9.8% |
| Profit (loss) carried forward | 14 | €3,683,084 | €3,322,950 | -€360,134 | -9.8% |
| Amounts payable | 17/49 | €1,719,521 | €1,719,502 | -€19 | 0.0% |
| Amounts payable after more than one year | 17 | €661,058 | €458,308 | -€202,749 | -30.7% |
| Financial debts | 170/4 | €661,058 | €458,308 | -€202,749 | -30.7% |
| Credit institutions | 173 | €661,058 | €458,308 | -€202,749 | -30.7% |
| Amounts payable within one year | 42/48 | €1,058,463 | €1,261,193 | +€202,730 | +19.2% |
| Current portion of amounts payable after more than one year | 42 | €208,669 | €202,749 | -€5,919 | -2.8% |
| Trade debts | 44 | €371,823 | €381,364 | +€9,541 | +2.6% |
| Suppliers | 440/4 | €371,823 | €381,364 | +€9,541 | +2.6% |
| Taxes, remuneration and social security | 45 | €378,583 | €352,268 | -€26,315 | -7.0% |
| Taxes | 450/3 | €5,526 | €76,345 | +€70,818 | +1281.4% |
| Remuneration and social security | 454/9 | €373,056 | €275,923 | -€97,133 | -26.0% |
| Operating income | 70/76A | €4,353,231 | €4,503,683 | +€150,452 | +3.5% |
| Turnover | 70 | €2,664,384 | €2,813,096 | +€148,712 | +5.6% |
| Membership fees, donations, legacies and grants | 73 | €1,618,650 | €1,606,322 | -€12,328 | -0.8% |
| Other operating income | 74 | €70,197 | €84,265 | +€14,068 | +20.0% |
| Operating charges | 60/66A | €4,283,478 | €4,847,204 | +€563,725 | +13.2% |
| Goods for resale, raw materials and consumables | 60 | €478,595 | €484,484 | +€5,889 | +1.2% |
| Purchases | 600/8 | €494,539 | €470,832 | -€23,706 | -4.8% |
| Change in stocks: decrease (increase) | 609 | -€15,944 | €13,651 | +€29,595 | |
| Services and other goods | 61 | €738,473 | €862,122 | +€123,649 | +16.7% |
| Remuneration, social security and pensions | 62 | €2,773,412 | €2,889,553 | +€116,140 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €264,986 | €284,178 | +€19,192 | +7.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€5,635 | €2,979 | +€8,613 | |
| Other operating charges | 640/8 | €33,647 | €43,131 | +€9,484 | +28.2% |
| Non-recurring operating charges | 66A | - | €280,757 | +€280,757 | |
| Operating profit (loss) | 9901 | €69,753 | -€343,521 | -€413,273 | |
| Financial income | 75/76B | €937 | €1,854 | +€917 | +97.8% |
| Recurring financial income | 75 | €937 | €1,854 | +€917 | +97.8% |
| Income from financial fixed assets | 750 | €6 | €4 | -€2 | -36.6% |
| Income from current assets | 751 | €456 | €502 | +€46 | +10.0% |
| Other financial income | 752/9 | €476 | €1,349 | +€873 | +183.4% |
| Financial charges | 65/66B | €25,501 | €18,117 | -€7,383 | -29.0% |
| Recurring financial charges | 65 | €25,501 | €18,117 | -€7,383 | -29.0% |
| Debt charges | 650 | €19,139 | €14,575 | -€4,564 | -23.8% |
| Other financial charges | 652/9 | €6,362 | €3,543 | -€2,819 | -44.3% |
| Profit (loss) for the period before taxes | 9903 | €45,189 | -€359,784 | -€404,973 | |
| Income taxes | 67/77 | €364 | €350 | -€14 | -3.9% |
| Taxes | 670/3 | €364 | €350 | -€14 | -3.9% |
| Profit (loss) for the period | 9904 | €44,825 | -€360,134 | -€404,959 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,825 | -€360,134 | -€404,959 |
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 9 October 2026 via checked.be.