TRO4 CONSULT: 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.
TRO4 CONSULT
Largest movements
- Receivables within one year +€29,407
up €29,407 (+160.4%), from €18,338 to €47,745
of which Trade receivables: +€29,407
- Cash -€1,269
down €1,269 (-30.4%), from €4,167 to €2,899
mainly Receivables within one year (-€29,407)
- Tangible fixed assets -€645
down €645 (-49.3%), from €1,308 to €664
- Trade debts +€25,519
up €25,519 (+111.1%), from €22,959 to €48,479
- Profit (loss) carried forward +€1,596
up €1,596 (+8.6%), from -€18,639 to -€17,043
- Staff costs -€12,748
down €12,748 (-14.1%), from €90,235 to €77,487
- Gross operating margin -€12,367
down €12,367 (-13.1%), from €94,217 to €81,850
- Financial charges -€1,122
down €1,122 (-44.0%), from €2,552 to €1,430
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.
Cash bridge derived
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 | €24,138 | €51,615 | +€27,478 | +113.8% |
| Fixed assets | 21/28 | €1,308 | €664 | -€645 | -49.3% |
| Tangible fixed assets | 22/27 | €1,308 | €664 | -€645 | -49.3% |
| Furniture and vehicles | 24 | €1,308 | €664 | -€645 | -49.3% |
| Current assets | 29/58 | €22,829 | €50,952 | +€28,123 | +123.2% |
| Amounts receivable within one year | 40/41 | €18,338 | €47,745 | +€29,407 | +160.4% |
| Trade receivables | 40 | €15,838 | €45,245 | +€29,407 | +185.7% |
| Other amounts receivable | 41 | €2,500 | €2,500 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €4,167 | €2,899 | -€1,269 | -30.4% |
| Deferred charges and accrued income | 490/1 | €324 | €308 | -€16 | -5.1% |
| Total equity and liabilities | 10/49 | €24,138 | €51,615 | +€27,478 | +113.8% |
| Equity | 10/15 | -€16,139 | -€14,543 | +€1,596 | +9.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,639 | -€17,043 | +€1,596 | +8.6% |
| Amounts payable | 17/49 | €40,277 | €66,159 | +€25,882 | +64.3% |
| Amounts payable within one year | 42/48 | €40,277 | €66,159 | +€25,882 | +64.3% |
| Trade debts | 44 | €22,959 | €48,479 | +€25,519 | +111.1% |
| Suppliers | 440/4 | €22,959 | €48,479 | +€25,519 | +111.1% |
| Taxes, remuneration and social security | 45 | €17,317 | €17,680 | +€363 | +2.1% |
| Taxes | 450/3 | €7,996 | €8,291 | +€295 | +3.7% |
| Remuneration and social security | 454/9 | €9,321 | €9,389 | +€67 | +0.7% |
| Remuneration, social security and pensions | 62 | €90,235 | €77,487 | -€12,748 | -14.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €645 | €645 | = | 0.0% |
| Other operating charges | 640/8 | €387 | €480 | +€92 | +23.9% |
| Gross operating margin | 9900 | €94,217 | €81,850 | -€12,367 | -13.1% |
| Operating profit (loss) | 9901 | €2,949 | €3,239 | +€289 | +9.8% |
| Financial income | 75/76B | €38 | €68 | +€30 | +80.4% |
| Recurring financial income | 75 | €38 | €68 | +€30 | +80.4% |
| Financial charges | 65/66B | €2,552 | €1,430 | -€1,122 | -44.0% |
| Recurring financial charges | 65 | €2,552 | €1,430 | -€1,122 | -44.0% |
| Profit (loss) for the period before taxes | 9903 | €436 | €1,877 | +€1,441 | +330.9% |
| Income taxes | 67/77 | -€73 | €281 | +€354 | |
| Profit (loss) for the period | 9904 | €509 | €1,596 | +€1,087 | +213.6% |
| Profit (loss) for the period to be appropriated | 9905 | €509 | €1,596 | +€1,087 | +213.6% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.