DE TROY MARC: 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.
DE TROY MARC
Largest movements
- Cash +€269,712
up €269,712 (+39.0%), from €691,981 to €961,694
mainly Net result for the year (+€416,453) and Depreciation (+€129,511)
- Receivables after one year -€82,136
down €82,136 (-16.8%), from €490,000 to €407,864
- Tangible fixed assets +€54,215
up €54,215 (+12.3%), from €440,930 to €495,144
of which Land and buildings: +€115,604
- Reserves +€317,455
up €317,455 (+16.5%), from €1.9m to €2.2m
of which Distributable reserves: +€245,885
- Other debts -€57,059
down €57,059 (-66.3%), from €86,112 to €29,053
- Trade debts +€49,869
up €49,869 (+71.0%), from €70,257 to €120,125
- Tax, wage and social debts -€42,650
down €42,650 (-36.7%), from €116,213 to €73,563
of which Taxes: -€40,360
- Current portion of long-term debt -€28,170
down €28,170 (-100%), from €28,170 to €0
- Gross operating margin -€106,078
down €106,078 (-10.6%), from €1.0m to €895,956
- Staff costs -€47,664
down €47,664 (-19.2%), from €248,385 to €200,721
- Financial income +€28,595
up €28,595 (+244%), from €11,732 to €40,327
- Taxes -€21,879
down €21,879 (-11.0%), from €198,867 to €176,988
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,227,950 | €2,467,394 | +€239,445 | +10.7% |
| Fixed assets | 21/28 | €693,983 | €750,700 | +€56,716 | +8.2% |
| Tangible fixed assets | 22/27 | €440,930 | €495,144 | +€54,215 | +12.3% |
| Land and buildings | 22 | €141,974 | €257,578 | +€115,604 | +81.4% |
| Plant, machinery and equipment | 23 | €215,276 | €186,038 | -€29,238 | -13.6% |
| Furniture and vehicles | 24 | €83,680 | €51,529 | -€32,151 | -38.4% |
| Financial fixed assets | 28 | €253,053 | €255,555 | +€2,502 | +1.0% |
| Current assets | 29/58 | €1,533,966 | €1,716,695 | +€182,728 | +11.9% |
| Amounts receivable after more than one year | 29 | €490,000 | €407,864 | -€82,136 | -16.8% |
| Other amounts receivable | 291 | €490,000 | €407,864 | -€82,136 | -16.8% |
| Stocks and contracts in progress | 3 | €234,070 | €232,360 | -€1,710 | -0.7% |
| Stocks | 30/36 | €234,070 | €232,360 | -€1,710 | -0.7% |
| Amounts receivable within one year | 40/41 | €109,963 | €106,749 | -€3,214 | -2.9% |
| Trade receivables | 40 | €78,277 | €79,595 | +€1,318 | +1.7% |
| Other amounts receivable | 41 | €31,686 | €27,154 | -€4,532 | -14.3% |
| Cash at bank and in hand | 54/58 | €691,981 | €961,694 | +€269,712 | +39.0% |
| Deferred charges and accrued income | 490/1 | €7,952 | €8,028 | +€76 | +1.0% |
| Total equity and liabilities | 10/49 | €2,227,950 | €2,467,394 | +€239,445 | +10.7% |
| Equity | 10/15 | €1,927,198 | €2,244,653 | +€317,455 | +16.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,920,998 | €2,238,453 | +€317,455 | +16.5% |
| Non-distributable reserves | 130/1 | €43,260 | €43,260 | = | 0.0% |
| Reserves not available under the articles | 1311 | €43,260 | €43,260 | = | 0.0% |
| Tax-exempt reserves | 132 | €294,700 | €366,270 | +€71,570 | +24.3% |
| Distributable reserves | 133 | €1,583,038 | €1,828,923 | +€245,885 | +15.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €300,752 | €222,742 | -€78,010 | -25.9% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €300,752 | €222,742 | -€78,010 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €28,170 | €0 | -€28,170 | -100% |
| Trade debts | 44 | €70,257 | €120,125 | +€49,869 | +71.0% |
| Suppliers | 440/4 | €70,257 | €120,125 | +€49,869 | +71.0% |
| Taxes, remuneration and social security | 45 | €116,213 | €73,563 | -€42,650 | -36.7% |
| Taxes | 450/3 | €90,295 | €49,934 | -€40,360 | -44.7% |
| Remuneration and social security | 454/9 | €25,919 | €23,629 | -€2,290 | -8.8% |
| Other amounts payable | 47/48 | €86,112 | €29,053 | -€57,059 | -66.3% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €248,385 | €200,721 | -€47,664 | -19.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €125,272 | €129,511 | +€4,239 | +3.4% |
| Other operating charges | 640/8 | €7,679 | €8,006 | +€327 | +4.3% |
| Gross operating margin | 9900 | €1,002,034 | €895,956 | -€106,078 | -10.6% |
| Operating profit (loss) | 9901 | €620,697 | €557,717 | -€62,980 | -10.1% |
| Financial income | 75/76B | €11,732 | €40,327 | +€28,595 | +244% |
| Recurring financial income | 75 | €11,732 | €40,327 | +€28,595 | +244% |
| Financial charges | 65/66B | €4,993 | €4,603 | -€390 | -7.8% |
| Recurring financial charges | 65 | €4,993 | €4,603 | -€390 | -7.8% |
| Profit (loss) for the period before taxes | 9903 | €627,436 | €593,441 | -€33,995 | -5.4% |
| Income taxes | 67/77 | €198,867 | €176,988 | -€21,879 | -11.0% |
| Profit (loss) for the period | 9904 | €428,569 | €416,453 | -€12,116 | -2.8% |
| Transfer from tax-exempt reserves | 789 | - | €69,465 | +€69,465 | |
| Transfer to tax-exempt reserves | 689 | €0 | €141,035 | +€141,035 | |
| Profit (loss) for the period to be appropriated | 9905 | €428,569 | €344,883 | -€83,686 | -19.5% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.