TROC NANDRIN: 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.
TROC NANDRIN
Largest movements
- Stocks and contracts -€24,210
down €24,210 (-47.9%), from €50,517 to €26,307
- Tangible fixed assets -€7,839
down €7,839 (-25.7%), from €30,457 to €22,618
of which Furniture and vehicles: -€6,636
- Receivables within one year -€5,275
down €5,275 (-98.3%), from €5,365 to €90
of which Trade receivables: -€5,365
- Deferred charges and accrued income -€3,461
down €3,461 (-81.5%), from €4,247 to €786
- Cash -€2,576
down €2,576 (-15.7%), from €16,402 to €13,826
mainly Trade debts (-€18,954) and Net result for the year (-€14,106)
- Trade debts -€18,954
down €18,954 (-95.8%), from €19,777 to €823
- Profit (loss) carried forward -€14,106
down €14,106 (-57.4%), from €24,588 to €10,482
- Other debts -€7,007
down €7,007 (-47.8%), from €14,666 to €7,659
- Debts after one year -€6,966
down €6,966 (-46.7%), from €14,905 to €7,939
- Tax, wage and social debts +€3,341
up €3,341 (+52.0%), from €6,427 to €9,768
of which Taxes: +€2,173
- Gross operating margin -€33,743
down €33,743 (-54.1%), from €62,428 to €28,685
- Staff costs -€21,765
down €21,765 (-40.2%), from €54,173 to €32,408
- Other operating charges -€2,166
down €2,166 (-61.9%), from €3,500 to €1,334
- Financial income +€1,239
up €1,239 (+716%), from €173 to €1,412
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 | €107,458 | €64,097 | -€43,361 | -40.4% |
| Fixed assets | 21/28 | €30,927 | €23,088 | -€7,839 | -25.3% |
| Tangible fixed assets | 22/27 | €30,457 | €22,618 | -€7,839 | -25.7% |
| Plant, machinery and equipment | 23 | €3,006 | €1,803 | -€1,203 | -40.0% |
| Furniture and vehicles | 24 | €27,451 | €20,815 | -€6,636 | -24.2% |
| Financial fixed assets | 28 | €470 | €470 | = | 0.0% |
| Current assets | 29/58 | €76,531 | €41,009 | -€35,522 | -46.4% |
| Stocks and contracts in progress | 3 | €50,517 | €26,307 | -€24,210 | -47.9% |
| Stocks | 30/36 | €50,517 | €26,307 | -€24,210 | -47.9% |
| Amounts receivable within one year | 40/41 | €5,365 | €90 | -€5,275 | -98.3% |
| Trade receivables | 40 | €5,365 | - | -€5,365 | |
| Other amounts receivable | 41 | - | €90 | +€90 | |
| Cash at bank and in hand | 54/58 | €16,402 | €13,826 | -€2,576 | -15.7% |
| Deferred charges and accrued income | 490/1 | €4,247 | €786 | -€3,461 | -81.5% |
| Total equity and liabilities | 10/49 | €107,458 | €64,097 | -€43,361 | -40.4% |
| Equity | 10/15 | €45,048 | €30,942 | -€14,106 | -31.3% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | €24,588 | €10,482 | -€14,106 | -57.4% |
| Amounts payable | 17/49 | €62,410 | €33,155 | -€29,255 | -46.9% |
| Amounts payable after more than one year | 17 | €14,905 | €7,939 | -€6,966 | -46.7% |
| Financial debts | 170/4 | €14,905 | €7,939 | -€6,966 | -46.7% |
| Amounts payable within one year | 42/48 | €47,505 | €25,216 | -€22,289 | -46.9% |
| Current portion of amounts payable after more than one year | 42 | €6,635 | €6,966 | +€331 | +5.0% |
| Trade debts | 44 | €19,777 | €823 | -€18,954 | -95.8% |
| Suppliers | 440/4 | €19,777 | €823 | -€18,954 | -95.8% |
| Taxes, remuneration and social security | 45 | €6,427 | €9,768 | +€3,341 | +52.0% |
| Taxes | 450/3 | €2,264 | €4,437 | +€2,173 | +96.0% |
| Remuneration and social security | 454/9 | €4,163 | €5,331 | +€1,168 | +28.1% |
| Other amounts payable | 47/48 | €14,666 | €7,659 | -€7,007 | -47.8% |
| Remuneration, social security and pensions | 62 | €54,173 | €32,408 | -€21,765 | -40.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,361 | €8,087 | -€274 | -3.3% |
| Other operating charges | 640/8 | €3,500 | €1,334 | -€2,166 | -61.9% |
| Gross operating margin | 9900 | €62,428 | €28,685 | -€33,743 | -54.1% |
| Operating profit (loss) | 9901 | -€3,606 | -€13,144 | -€9,538 | -265% |
| Financial income | 75/76B | €173 | €1,412 | +€1,239 | +716% |
| Recurring financial income | 75 | €173 | €1,412 | +€1,239 | +716% |
| Financial charges | 65/66B | €2,427 | €2,242 | -€185 | -7.6% |
| Recurring financial charges | 65 | €2,427 | €2,242 | -€185 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€5,860 | -€13,974 | -€8,114 | -138% |
| Income taxes | 67/77 | €218 | €132 | -€86 | -39.4% |
| Profit (loss) for the period | 9904 | -€6,078 | -€14,106 | -€8,028 | -132% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,078 | -€14,106 | -€8,028 | -132% |
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 24 October 2026 via checked.be.