DE TROLLENKELDER: 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 TROLLENKELDER
NACE 56.301, Cafés and bars
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€286,912
2024 · €299,294-€12,382
Equity
€621,578
2024 · €554,666+€66,912
Cash
€146,051
2024 · €230,707-€84,656
Balance sheet total
€1.1m
2024 · €953,755+€170,398
Largest movements
Assets
- Receivables after one year +€248,007
up €248,007 (+43.9%), from €565,045 to €813,052
- Cash -€84,656
down €84,656 (-36.7%), from €230,707 to €146,051
mainly Receivables after one year (-€248,007) and Contributions, distributions and other (-€220,000)
Equity and liabilities
- Reserves +€66,912
up €66,912 (+12.2%), from €547,970 to €614,882
of which Distributable reserves: +€66,912
- Debts after one year +€65,010
up €65,010 (+74.4%), from €87,335 to €152,345
- Other debts +€20,000
up €20,000 (+10.0%), from €200,000 to €220,000
- Current portion of long-term debt +€17,999
up €17,999 (+119%), from €15,121 to €33,120
Income statement
- Gross operating margin -€82,390
down €82,390 (-17.6%), from €467,555 to €385,165
- Staff costs -€48,788
down €48,788 (-40.9%), from €119,385 to €70,598
- Taxes -€11,034
down €11,034 (-31.5%), from €35,040 to €24,006
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
€299,294
Gross operating margin
-€82,390
Staff costs
+€48,788
Depreciation
+€3,841
Other operating charges
+€2,152
Other operating items
-€584
Financial income
+€4,428
Financial charges
+€350
Taxes
+€11,034
Result 2025
€286,912
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€74,259
Investment
-€21,890
Financing
-€137,024
Cash 2024
€230,707
From operations (derived)
+€74,259
Net result for the year
+€286,912
Depreciation
+€17,648
Receivables after one year
-€248,007
Stocks and contracts
+€722
Receivables within one year
-€2,342
Deferred charges and accrued income
-€1,185
Trade debts
+€4,892
Tax, wage and social debts
-€4,340
Other debts
+€20,000
Accrued charges and deferred income
-€41
Investment (derived)
-€21,890
Investment in fixed assets (net)
-€21,890
Financing
-€137,024
Debts after one year
+€65,010
Current portion of long-term debt
+€17,999
Short-term financial debts
-€34
Contributions, distributions and other
-€220,000
Cash 2025
€146,051
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €953,755 | €1,124,153 | +€170,398 | +17.9% |
| Fixed assets | 21/28 | €113,002 | €117,245 | +€4,242 | +3.8% |
| Tangible fixed assets | 22/27 | €113,002 | €117,245 | +€4,242 | +3.8% |
| Plant, machinery and equipment | 23 | €1,558 | €1,373 | -€185 | -11.8% |
| Furniture and vehicles | 24 | €5,206 | €4,200 | -€1,006 | -19.3% |
| Other tangible fixed assets | 26 | €106,238 | €111,671 | +€5,433 | +5.1% |
| Current assets | 29/58 | €840,753 | €1,006,908 | +€166,156 | +19.8% |
| Amounts receivable after more than one year | 29 | €565,045 | €813,052 | +€248,007 | +43.9% |
| Other amounts receivable | 291 | €565,045 | €813,052 | +€248,007 | +43.9% |
| Stocks and contracts in progress | 3 | €15,148 | €14,427 | -€722 | -4.8% |
| Stocks | 30/36 | €15,148 | €14,427 | -€722 | -4.8% |
| Amounts receivable within one year | 40/41 | €21,363 | €23,705 | +€2,342 | +11.0% |
| Trade receivables | 40 | €21,363 | €22,711 | +€1,348 | +6.3% |
| Other amounts receivable | 41 | €0 | €994 | +€994 | |
| Cash at bank and in hand | 54/58 | €230,707 | €146,051 | -€84,656 | -36.7% |
| Deferred charges and accrued income | 490/1 | €8,489 | €9,674 | +€1,185 | +14.0% |
| Total equity and liabilities | 10/49 | €953,755 | €1,124,153 | +€170,398 | +17.9% |
| Equity | 10/15 | €554,666 | €621,578 | +€66,912 | +12.1% |
| Contributions | 10/11 | €6,696 | €6,696 | = | 0.0% |
| Reserves | 13 | €547,970 | €614,882 | +€66,912 | +12.2% |
| Tax-exempt reserves | 132 | €18,859 | €18,859 | = | 0.0% |
| Distributable reserves | 133 | €529,111 | €596,023 | +€66,912 | +12.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €399,089 | €502,575 | +€103,486 | +25.9% |
| Amounts payable after more than one year | 17 | €87,335 | €152,345 | +€65,010 | +74.4% |
| Financial debts | 170/4 | €87,335 | €152,345 | +€65,010 | +74.4% |
| Amounts payable within one year | 42/48 | €311,456 | €349,973 | +€38,517 | +12.4% |
| Current portion of amounts payable after more than one year | 42 | €15,121 | €33,120 | +€17,999 | +119% |
| Financial debts | 43 | €8,460 | €8,426 | -€34 | -0.4% |
| Credit institutions | 430/8 | €8,460 | €8,426 | -€34 | -0.4% |
| Trade debts | 44 | €33,567 | €38,459 | +€4,892 | +14.6% |
| Suppliers | 440/4 | €33,567 | €38,459 | +€4,892 | +14.6% |
| Taxes, remuneration and social security | 45 | €54,309 | €49,968 | -€4,340 | -8.0% |
| Taxes | 450/3 | €43,639 | €39,996 | -€3,643 | -8.3% |
| Remuneration and social security | 454/9 | €10,670 | €9,973 | -€697 | -6.5% |
| Other amounts payable | 47/48 | €200,000 | €220,000 | +€20,000 | +10.0% |
| Accrued charges and deferred income | 492/3 | €298 | €258 | -€41 | -13.6% |
| Non-recurring operating income | 76A | €500 | €0 | -€500 | -100% |
| Remuneration, social security and pensions | 62 | €119,385 | €70,598 | -€48,788 | -40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,489 | €17,648 | -€3,841 | -17.9% |
| Other operating charges | 640/8 | €7,493 | €5,341 | -€2,152 | -28.7% |
| Non-recurring operating charges | 66A | €49 | €634 | +€584 | +1,181% |
| Gross operating margin | 9900 | €467,555 | €385,165 | -€82,390 | -17.6% |
| Operating profit (loss) | 9901 | €319,139 | €290,945 | -€28,194 | -8.8% |
| Financial income | 75/76B | €20,228 | €24,656 | +€4,428 | +21.9% |
| Recurring financial income | 75 | €20,228 | €24,656 | +€4,428 | +21.9% |
| Financial charges | 65/66B | €5,032 | €4,682 | -€350 | -7.0% |
| Recurring financial charges | 65 | €5,032 | €4,682 | -€350 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | €334,334 | €310,918 | -€23,416 | -7.0% |
| Income taxes | 67/77 | €35,040 | €24,006 | -€11,034 | -31.5% |
| Profit (loss) for the period | 9904 | €299,294 | €286,912 | -€12,382 | -4.1% |
| Profit (loss) for the period to be appropriated | 9905 | €299,294 | €286,912 | -€12,382 | -4.1% |
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 31 October 2026 via checked.be.