De Troetelbeertjes: what changed
De Troetelbeertjes
Largest movements
- Deferred charges and accrued income -€40,012
down €40,012 (-99.8%), from €40,110 to €98
- Receivables within one year +€26,601
up €26,601 (+92.7%), from €28,704 to €55,305
of which Other amounts receivable: +€26,073
- Tangible fixed assets -€2,442
down €2,442 (-15.8%), from €15,467 to €13,025
of which Leasing and similar rights: -€3,087
- Tax, wage and social debts -€9,293
down €9,293 (-38.7%), from €24,001 to €14,708
of which Remuneration and social security: -€7,757
- Current portion of long-term debt -€7,785
down €7,785 (-58.6%), from €13,273 to €5,489
- Trade debts +€5,698
up €5,698 (+48.5%), from €11,751 to €17,449
- Debts after one year -€5,389
down €5,389 (-44.4%), from €12,137 to €6,748
- Staff costs +€29,796
up €29,796 (+24.7%), from €120,408 to €150,204
- Gross operating margin +€3,944
up €3,944 (+2.5%), from €157,864 to €161,808
- Depreciation -€2,929
down €2,929 (-30.6%), from €9,557 to €6,628
- Other operating charges -€1,873
down €1,873 (-59.3%), from €3,159 to €1,286
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 | €85,669 | €69,304 | -€16,365 | -19.1% |
| Fixed assets | 21/28 | €15,928 | €13,124 | -€2,804 | -17.6% |
| Intangible fixed assets | 21 | €462 | €99 | -€363 | -78.5% |
| Tangible fixed assets | 22/27 | €15,467 | €13,025 | -€2,442 | -15.8% |
| Plant, machinery and equipment | 23 | - | €3,437 | +€3,437 | |
| Furniture and vehicles | 24 | €3,585 | €1,029 | -€2,556 | -71.3% |
| Leasing and similar rights | 25 | €11,646 | €8,559 | -€3,087 | -26.5% |
| Other tangible fixed assets | 26 | €236 | - | -€236 | |
| Current assets | 29/58 | €69,740 | €56,179 | -€13,561 | -19.4% |
| Amounts receivable within one year | 40/41 | €28,704 | €55,305 | +€26,601 | +92.7% |
| Trade receivables | 40 | €319 | €847 | +€528 | +165% |
| Other amounts receivable | 41 | €28,384 | €54,458 | +€26,073 | +91.9% |
| Cash at bank and in hand | 54/58 | €927 | €777 | -€150 | -16.2% |
| Deferred charges and accrued income | 490/1 | €40,110 | €98 | -€40,012 | -99.8% |
| Total equity and liabilities | 10/49 | €85,669 | €69,304 | -€16,365 | -19.1% |
| Equity | 10/15 | €24,414 | €24,909 | +€495 | +2.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €9,414 | €9,909 | +€495 | +5.3% |
| Amounts payable | 17/49 | €61,255 | €44,394 | -€16,861 | -27.5% |
| Amounts payable after more than one year | 17 | €12,137 | €6,748 | -€5,389 | -44.4% |
| Financial debts | 170/4 | €12,137 | €6,748 | -€5,389 | -44.4% |
| Amounts payable within one year | 42/48 | €49,117 | €37,646 | -€11,472 | -23.4% |
| Current portion of amounts payable after more than one year | 42 | €13,273 | €5,489 | -€7,785 | -58.6% |
| Financial debts | 43 | €53 | - | -€53 | |
| Credit institutions | 430/8 | €53 | - | -€53 | |
| Trade debts | 44 | €11,751 | €17,449 | +€5,698 | +48.5% |
| Suppliers | 440/4 | €11,751 | €17,449 | +€5,698 | +48.5% |
| Taxes, remuneration and social security | 45 | €24,001 | €14,708 | -€9,293 | -38.7% |
| Taxes | 450/3 | €2,074 | €537 | -€1,536 | -74.1% |
| Remuneration and social security | 454/9 | €21,927 | €14,170 | -€7,757 | -35.4% |
| Other amounts payable | 47/48 | €39 | - | -€39 | |
| Remuneration, social security and pensions | 62 | €120,408 | €150,204 | +€29,796 | +24.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,557 | €6,628 | -€2,929 | -30.6% |
| Other operating charges | 640/8 | €3,159 | €1,286 | -€1,873 | -59.3% |
| Gross operating margin | 9900 | €157,864 | €161,808 | +€3,944 | +2.5% |
| Operating profit (loss) | 9901 | €24,740 | €3,690 | -€21,050 | -85.1% |
| Financial income | 75/76B | €364 | €910 | +€546 | +150% |
| Recurring financial income | 75 | €364 | €910 | +€546 | +150% |
| Financial charges | 65/66B | €5,106 | €3,567 | -€1,539 | -30.1% |
| Recurring financial charges | 65 | €5,106 | €3,567 | -€1,539 | -30.1% |
| Profit (loss) for the period before taxes | 9903 | €19,997 | €1,033 | -€18,965 | -94.8% |
| Income taxes | 67/77 | €2,074 | €537 | -€1,536 | -74.1% |
| Profit (loss) for the period | 9904 | €17,924 | €495 | -€17,428 | -97.2% |
| Profit (loss) for the period to be appropriated | 9905 | €17,924 | €495 | -€17,428 | -97.2% |
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 2 November 2026 via checked.be.