DR. M.R. TROMP: what changed
DR. M.R. TROMP
Largest movements
- Current investments -€500,000
down €500,000 (-100%), from €500,000 to €0
- Receivables after one year -€372,142
down €372,142 (-91.4%), from €407,142 to €35,000
- Cash -€48,526
down €48,526 (-89.9%), from €53,990 to €5,464
mainly Contributions, distributions and other (-€969,500) and Receivables within one year (-€25,573)
- Receivables within one year +€25,573
up €25,573 (+143%), from €17,867 to €43,441
of which Trade receivables: +€18,368
- Intangible fixed assets -€20,000
down €20,000 (-47.7%), from €41,890 to €21,891
- Reserves -€939,798
down €939,798 (-94.4%), from €995,289 to €55,491
- Other debts +€25,075
up €25,075, from €0 to €25,075
- Debts after one year -€15,885
down €15,885 (-73.8%), from €21,531 to €5,646
- Financial income -€920,029
down €920,029 (-96.9%), from €949,755 to €29,727
- Gross operating margin +€27,367
up €27,367 (+580%), from €4,717 to €32,084
- Taxes +€2,138
up €2,138 (+35.9%), from €5,948 to €8,085
- Financial charges -€360
down €360 (-29.4%), from €1,222 to €863
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 | €1,050,501 | €119,689 | -€930,812 | -88.6% |
| Formation expenses | 20 | €814 | €268 | -€546 | -67.1% |
| Fixed assets | 21/28 | €46,769 | €24,843 | -€21,927 | -46.9% |
| Intangible fixed assets | 21 | €41,890 | €21,891 | -€20,000 | -47.7% |
| Tangible fixed assets | 22/27 | €4,879 | €2,952 | -€1,927 | -39.5% |
| Plant, machinery and equipment | 23 | €3,778 | €2,251 | -€1,527 | -40.4% |
| Other tangible fixed assets | 26 | €1,101 | €701 | -€400 | -36.3% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €1,002,918 | €94,579 | -€908,339 | -90.6% |
| Amounts receivable after more than one year | 29 | €407,142 | €35,000 | -€372,142 | -91.4% |
| Other amounts receivable | 291 | €407,142 | €35,000 | -€372,142 | -91.4% |
| Amounts receivable within one year | 40/41 | €17,867 | €43,441 | +€25,573 | +143% |
| Trade receivables | 40 | €17,530 | €35,898 | +€18,368 | +105% |
| Other amounts receivable | 41 | €338 | €7,543 | +€7,205 | +2,134% |
| Current investments | 50/53 | €500,000 | €0 | -€500,000 | -100% |
| Cash at bank and in hand | 54/58 | €53,990 | €5,464 | -€48,526 | -89.9% |
| Deferred charges and accrued income | 490/1 | €23,918 | €10,674 | -€13,244 | -55.4% |
| Total equity and liabilities | 10/49 | €1,050,501 | €119,689 | -€930,812 | -88.6% |
| Equity | 10/15 | €997,789 | €57,991 | -€939,798 | -94.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €995,289 | €55,491 | -€939,798 | -94.4% |
| Distributable reserves | 133 | €995,289 | €55,491 | -€939,798 | -94.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,712 | €61,698 | +€8,986 | +17.0% |
| Amounts payable after more than one year | 17 | €21,531 | €5,646 | -€15,885 | -73.8% |
| Financial debts | 170/4 | €21,531 | €5,646 | -€15,885 | -73.8% |
| Amounts payable within one year | 42/48 | €30,681 | €56,052 | +€25,371 | +82.7% |
| Current portion of amounts payable after more than one year | 42 | €16,218 | €15,885 | -€333 | -2.1% |
| Trade debts | 44 | €2,651 | €1,560 | -€1,091 | -41.1% |
| Suppliers | 440/4 | €2,651 | €1,560 | -€1,091 | -41.1% |
| Taxes, remuneration and social security | 45 | €11,812 | €13,532 | +€1,720 | +14.6% |
| Taxes | 450/3 | €11,812 | €13,532 | +€1,720 | +14.6% |
| Other amounts payable | 47/48 | €0 | €25,075 | +€25,075 | |
| Accrued charges and deferred income | 492/3 | €500 | €0 | -€500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,473 | €22,473 | = | 0.0% |
| Other operating charges | 640/8 | €668 | €688 | +€20 | +2.9% |
| Gross operating margin | 9900 | €4,717 | €32,084 | +€27,367 | +580% |
| Operating profit (loss) | 9901 | -€18,424 | €8,923 | +€27,347 | |
| Financial income | 75/76B | €949,755 | €29,727 | -€920,029 | -96.9% |
| Recurring financial income | 75 | €949,755 | €29,727 | -€920,029 | -96.9% |
| Financial charges | 65/66B | €1,222 | €863 | -€360 | -29.4% |
| Recurring financial charges | 65 | €1,222 | €863 | -€360 | -29.4% |
| Profit (loss) for the period before taxes | 9903 | €930,109 | €37,787 | -€892,322 | -95.9% |
| Income taxes | 67/77 | €5,948 | €8,085 | +€2,138 | +35.9% |
| Profit (loss) for the period | 9904 | €924,161 | €29,702 | -€894,459 | -96.8% |
| Profit (loss) for the period to be appropriated | 9905 | €924,161 | €29,702 | -€894,459 | -96.8% |
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 3 November 2026 via checked.be.