TRO CONSTRUCT: 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.
TRO CONSTRUCT
Largest movements
- Tangible fixed assets -€19,794
down €19,794 (-6.2%), from €319,555 to €299,762
- Receivables within one year -€14,927
down €14,927 (-4.7%), from €314,542 to €299,615
of which Trade receivables: -€23,541
- Short-term financial debts -€56,563
no longer reported in 2025 (was €56,563)
- Trade debts -€20,170
down €20,170 (-9.8%), from €206,504 to €186,334
of which Bills of exchange payable: -€24,706
- Profit (loss) carried forward +€18,367
up €18,367 (+26.7%), from €68,727 to €87,093
- Current portion of long-term debt +€11,307
up €11,307 (+64.5%), from €17,525 to €28,832
- Tax, wage and social debts +€8,810
new in 2025: €8,810
- Purchases and services +€194,785
up €194,785 (+52.8%), from €369,207 to €563,992
- Turnover +€189,683
up €189,683 (+42.8%), from €442,975 to €632,658
- Depreciation -€12,163
down €12,163 (-45.3%), from €26,832 to €14,669
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 | €635,152 | €601,424 | -€33,728 | -5.3% |
| Fixed assets | 21/28 | €319,555 | €299,762 | -€19,794 | -6.2% |
| Tangible fixed assets | 22/27 | €319,555 | €299,762 | -€19,794 | -6.2% |
| Land and buildings | 22 | €293,794 | €285,584 | -€8,209 | -2.8% |
| Plant, machinery and equipment | 23 | €12,398 | €10,303 | -€2,095 | -16.9% |
| Furniture and vehicles | 24 | €13,363 | €3,874 | -€9,489 | -71.0% |
| Current assets | 29/58 | €315,597 | €301,663 | -€13,934 | -4.4% |
| Amounts receivable within one year | 40/41 | €314,542 | €299,615 | -€14,927 | -4.7% |
| Trade receivables | 40 | €250,961 | €227,420 | -€23,541 | -9.4% |
| Other amounts receivable | 41 | €63,581 | €72,195 | +€8,614 | +13.5% |
| Cash at bank and in hand | 54/58 | €1,055 | €533 | -€522 | -49.5% |
| Deferred charges and accrued income | 490/1 | - | €1,516 | +€1,516 | |
| Total equity and liabilities | 10/49 | €635,152 | €601,424 | -€33,728 | -5.3% |
| Equity | 10/15 | €76,787 | €95,153 | +€18,367 | +23.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,727 | €87,093 | +€18,367 | +26.7% |
| Amounts payable | 17/49 | €558,365 | €506,271 | -€52,094 | -9.3% |
| Amounts payable after more than one year | 17 | €277,774 | €282,295 | +€4,521 | +1.6% |
| Financial debts | 170/4 | €277,774 | €282,295 | +€4,521 | +1.6% |
| Amounts payable within one year | 42/48 | €280,591 | €223,976 | -€56,615 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €17,525 | €28,832 | +€11,307 | +64.5% |
| Financial debts | 43 | €56,563 | - | -€56,563 | |
| Credit institutions | 430/8 | €56,563 | - | -€56,563 | |
| Trade debts | 44 | €206,504 | €186,334 | -€20,170 | -9.8% |
| Suppliers | 440/4 | €25,640 | €30,176 | +€4,535 | +17.7% |
| Bills of exchange payable | 441 | €180,864 | €156,158 | -€24,706 | -13.7% |
| Taxes, remuneration and social security | 45 | - | €8,810 | +€8,810 | |
| Taxes | 450/3 | - | €8,810 | +€8,810 | |
| Turnover | 70 | €442,975 | €632,658 | +€189,683 | +42.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €369,207 | €563,992 | +€194,785 | +52.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,832 | €14,669 | -€12,163 | -45.3% |
| Other operating charges | 640/8 | €4,411 | €8,159 | +€3,749 | +85.0% |
| Gross operating margin | 9900 | €73,768 | €68,666 | -€5,102 | -6.9% |
| Operating profit (loss) | 9901 | €42,526 | €45,838 | +€3,312 | +7.8% |
| Financial income | 75/76B | €4 | - | -€4 | |
| Recurring financial income | 75 | €4 | - | -€4 | |
| Financial charges | 65/66B | €17,416 | €18,661 | +€1,245 | +7.2% |
| Recurring financial charges | 65 | €17,416 | €18,661 | +€1,245 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €25,114 | €27,177 | +€2,063 | +8.2% |
| Income taxes | 67/77 | €8,094 | €8,810 | +€717 | +8.9% |
| Profit (loss) for the period | 9904 | €17,020 | €18,367 | +€1,346 | +7.9% |
| Profit (loss) for the period to be appropriated | 9905 | €17,020 | €18,367 | +€1,346 | +7.9% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.