J. TROCH: what changed
Two fiscal 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.
J. TROCH
Largest movements
- Receivables within one year +€1.1m
up €1.1m (+3020.1%), from €36,805 to €1.1m
of which Other amounts receivable: +€748,428
- Tangible fixed assets -€912,650
down €912,650 (-72.0%), from €1.3m to €355,416
of which Land and buildings: -€503,030
- Current investments -€390,228
down €390,228 (-69.9%), from €558,448 to €168,220
- Receivables after one year -€165,000
down €165,000 (-92.8%), from €177,772 to €12,772
- Cash -€21,078
down €21,078 (-73.1%), from €28,828 to €7,750
mainly Receivables within one year (-€1.1m) and Contributions, distributions and other (-€300,000)
- Reserves -€512,778
down €512,778 (-28.0%), from €1.8m to €1.3m
- Other debts +€65,900
up €65,900 (+122.9%), from €53,625 to €119,524
- Tax, wage and social debts +€46,585
up €46,585 (+720.4%), from €6,467 to €53,052
- Trade debts +€21,383
up €21,383 (+1551.7%), from €1,378 to €22,761
- Financial charges -€172,292
down €172,292 (-90.7%), from €189,872 to €17,581
- Gross operating margin -€123,390
down €123,390 (-466.8%), from -€26,432 to -€149,822
- Depreciation -€87,506
down €87,506 (-73.2%), from €119,485 to €31,979
- Financial income +€84,499
up €84,499 (+195.9%), from €43,126 to €127,626
From the 2023 result to the 2024 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.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,075,609 | €1,696,699 | -€378,910 | -18.3% |
| Fixed assets | 21/28 | €1,268,361 | €355,711 | -€912,650 | -72.0% |
| Tangible fixed assets | 22/27 | €1,268,065 | €355,416 | -€912,650 | -72.0% |
| Land and buildings | 22 | €826,008 | €322,977 | -€503,030 | -60.9% |
| Plant, machinery and equipment | 23 | €430,653 | €23,143 | -€407,511 | -94.6% |
| Furniture and vehicles | 24 | €11,404 | €9,295 | -€2,109 | -18.5% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €807,248 | €1,340,988 | +€533,739 | +66.1% |
| Amounts receivable after more than one year | 29 | €177,772 | €12,772 | -€165,000 | -92.8% |
| Other amounts receivable | 291 | €177,772 | €12,772 | -€165,000 | -92.8% |
| Amounts receivable within one year | 40/41 | €36,805 | €1,148,348 | +€1.1m | +3020.1% |
| Trade receivables | 40 | €4,376 | €367,491 | +€363,114 | +8297.5% |
| Other amounts receivable | 41 | €32,429 | €780,857 | +€748,428 | +2307.9% |
| Current investments | 50/53 | €558,448 | €168,220 | -€390,228 | -69.9% |
| Cash at bank and in hand | 54/58 | €28,828 | €7,750 | -€21,078 | -73.1% |
| Deferred charges and accrued income | 490/1 | €5,395 | €3,898 | -€1,497 | -27.7% |
| Total equity and liabilities | 10/49 | €2,075,609 | €1,696,699 | -€378,910 | -18.3% |
| Equity | 10/15 | €2,014,139 | €1,501,361 | -€512,778 | -25.5% |
| Contributions | 10/11 | €179,656 | €179,656 | = | 0.0% |
| Reserves | 13 | €1,834,483 | €1,321,705 | -€512,778 | -28.0% |
| Distributable reserves | 133 | €1,834,483 | €1,321,705 | -€512,778 | -28.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,470 | €195,337 | +€133,868 | +217.8% |
| Amounts payable within one year | 42/48 | €61,470 | €195,337 | +€133,868 | +217.8% |
| Trade debts | 44 | €1,378 | €22,761 | +€21,383 | +1551.7% |
| Suppliers | 440/4 | €1,378 | €22,761 | +€21,383 | +1551.7% |
| Taxes, remuneration and social security | 45 | €6,467 | €53,052 | +€46,585 | +720.4% |
| Taxes | 450/3 | €6,467 | €53,052 | +€46,585 | +720.4% |
| Other amounts payable | 47/48 | €53,625 | €119,524 | +€65,900 | +122.9% |
| Non-recurring operating income | 76A | €4,391 | €8,347 | +€3,955 | +90.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,485 | €31,979 | -€87,506 | -73.2% |
| Other operating charges | 640/8 | €6,741 | €7,824 | +€1,083 | +16.1% |
| Non-recurring operating charges | 66A | €0 | €132,347 | +€132,347 | |
| Gross operating margin | 9900 | -€26,432 | -€149,822 | -€123,390 | -466.8% |
| Operating profit (loss) | 9901 | -€152,658 | -€321,971 | -€169,313 | -110.9% |
| Financial income | 75/76B | €43,126 | €127,626 | +€84,499 | +195.9% |
| Recurring financial income | 75 | €43,126 | €127,626 | +€84,499 | +195.9% |
| Financial charges | 65/66B | €189,872 | €17,581 | -€172,292 | -90.7% |
| Recurring financial charges | 65 | €189,872 | €17,581 | -€172,292 | -90.7% |
| Profit (loss) for the period before taxes | 9903 | -€299,404 | -€211,926 | +€87,478 | +29.2% |
| Income taxes | 67/77 | €571 | €852 | +€281 | +49.2% |
| Profit (loss) for the period | 9904 | -€299,975 | -€212,778 | +€87,197 | +29.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€299,975 | -€212,778 | +€87,197 | +29.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.