DE TROYER: 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 TROYER
Largest movements
- Cash -€513,499
down €513,499 (-83.6%), from €614,357 to €100,858
mainly Contributions, distributions and other (-€400,000) and Net result for the year (-€181,756)
- Receivables within one year -€344,502
down €344,502 (-98.5%), from €349,618 to €5,116
of which Trade receivables: -€244,077
- Equity -€581,756
down €581,756 (-84.9%), from €684,875 to €103,119
- Tax, wage and social debts -€140,147
down €140,147 (-99.0%), from €141,494 to €1,348
of which Remuneration and social security: -€141,494
- Trade debts -€135,458
down €135,458 (-98.4%), from €137,607 to €2,149
- Purchases and services -€8.2m
no longer reported in 2025 (was €8.2m)
- Turnover -€8.2m
no longer reported in 2025 (was €8.2m)
- Gross operating margin -€1.9m
down €1.9m, from €1.9m to -€40,519
- Staff costs -€1.8m
down €1.8m (-94.3%), from €1.9m to €106,650
- Financial income -€387,571
down €387,571 (-97.9%), from €395,823 to €8,252
of which Financial income: -€369,056
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €963,975 | €106,615 | -€857,361 | -88.9% |
| Fixed assets | 21/28 | - | €640 | +€640 | |
| Financial fixed assets | 28 | - | €640 | +€640 | |
| Current assets | 29/58 | €963,975 | €105,975 | -€858,001 | -89.0% |
| Amounts receivable within one year | 40/41 | €349,618 | €5,116 | -€344,502 | -98.5% |
| Trade receivables | 40 | €246,860 | €2,783 | -€244,077 | -98.9% |
| Other amounts receivable | 41 | €102,758 | €2,333 | -€100,425 | -97.7% |
| Cash at bank and in hand | 54/58 | €614,357 | €100,858 | -€513,499 | -83.6% |
| Total equity and liabilities | 10/49 | €963,975 | €106,615 | -€857,361 | -88.9% |
| Equity | 10/15 | €684,875 | €103,119 | -€581,756 | -84.9% |
| Contributions | 10/11 | €2,680,912 | €2,680,912 | = | 0.0% |
| Capital | 10 | €2,680,912 | €2,680,912 | = | 0.0% |
| Issued capital | 100 | €2,680,912 | €2,680,912 | = | 0.0% |
| Reserves | 13 | €307,950 | €307,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €273,150 | €273,150 | = | 0.0% |
| Legal reserve | 130 | €33,150 | €33,150 | = | 0.0% |
| Reserves not available under the articles | 1311 | €240,000 | €240,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €16,050 | €16,050 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€2,303,987 | -€2,485,743 | -€181,756 | -7.9% |
| Advance to shareholders on the distribution of net assets | 19 | - | €400,000 | +€400,000 | |
| Amounts payable | 17/49 | €279,101 | €3,496 | -€275,605 | -98.7% |
| Amounts payable within one year | 42/48 | €279,101 | €3,496 | -€275,605 | -98.7% |
| Trade debts | 44 | €137,607 | €2,149 | -€135,458 | -98.4% |
| Suppliers | 440/4 | €137,607 | €2,149 | -€135,458 | -98.4% |
| Taxes, remuneration and social security | 45 | €141,494 | €1,348 | -€140,147 | -99.0% |
| Taxes | 450/3 | - | €1,348 | +€1,348 | |
| Remuneration and social security | 454/9 | €141,494 | - | -€141,494 | |
| Turnover | 70 | €8,175,415 | - | -€8.2m | |
| Non-recurring operating income | 76A | €1,891,330 | - | -€1.9m | |
| Goods, raw materials, services and sundry goods | 60/61 | €8,241,691 | - | -€8.2m | |
| Remuneration, social security and pensions | 62 | €1,869,583 | €106,650 | -€1.8m | -94.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €366,393 | - | -€366,393 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €190,933 | - | -€190,933 | |
| Other operating charges | 640/8 | €63,662 | €35,264 | -€28,398 | -44.6% |
| Non-recurring operating charges | 66A | €324,564 | €5,707 | -€318,857 | -98.2% |
| Gross operating margin | 9900 | €1,854,698 | -€40,519 | -€1.9m | |
| Operating profit (loss) | 9901 | -€960,438 | -€188,140 | +€772,298 | +80.4% |
| Financial income | 75/76B | €395,823 | €8,252 | -€387,571 | -97.9% |
| Recurring financial income | 75 | €377,309 | €8,252 | -€369,056 | -97.8% |
| Non-recurring financial income | 76B | €18,515 | - | -€18,515 | |
| Financial charges | 65/66B | €320,016 | €1,868 | -€318,148 | -99.4% |
| Recurring financial charges | 65 | €320,016 | €1,868 | -€318,148 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | -€884,631 | -€181,756 | +€702,875 | +79.5% |
| Profit (loss) for the period | 9904 | -€884,631 | -€181,756 | +€702,875 | +79.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€884,631 | -€181,756 | +€702,875 | +79.5% |
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 27 October 2026 via checked.be.