Trocadéro: 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.
Trocadéro
Largest movements
- Tangible fixed assets +€835,928
up €835,928 (+30.2%), from €2.8m to €3.6m
of which Land and buildings: +€833,908
- Receivables within one year -€513,287
down €513,287 (-83.4%), from €615,323 to €102,036
of which Trade receivables: -€513,479
- Debts after one year +€511,583
up €511,583 (+29.5%), from €1.7m to €2.2m
of which Financial debts: +€485,883
- Short-term financial debts -€345,522
down €345,522 (-98.2%), from €351,998 to €6,476
of which Other loans: -€348,104
- Revaluation surpluses +€257,350
up €257,350 (+70.2%), from €366,401 to €623,751
- Other debts -€159,199
down €159,199 (-40.3%), from €395,009 to €235,810
- Trade debts -€62,777
down €62,777 (-91.5%), from €68,619 to €5,842
- Gross operating margin -€51,176
down €51,176 (-14.3%), from €358,798 to €307,622
- Other operating charges +€45,094
up €45,094 (+137%), from €32,953 to €78,047
- Depreciation +€27,434
up €27,434 (+43.9%), from €62,518 to €89,952
- Taxes -€25,116
down €25,116 (-54.4%), from €46,212 to €21,096
- Financial charges -€8,192
down €8,192 (-9.8%), from €83,324 to €75,132
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 | €3,405,642 | €3,710,693 | +€305,051 | +9.0% |
| Fixed assets | 21/28 | €2,765,094 | €3,601,022 | +€835,928 | +30.2% |
| Tangible fixed assets | 22/27 | €2,765,094 | €3,601,022 | +€835,928 | +30.2% |
| Land and buildings | 22 | €2,747,239 | €3,581,146 | +€833,908 | +30.4% |
| Furniture and vehicles | 24 | €9,855 | €11,875 | +€2,020 | +20.5% |
| Other tangible fixed assets | 26 | €8,000 | €8,000 | = | 0.0% |
| Current assets | 29/58 | €640,548 | €109,671 | -€530,877 | -82.9% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €615,323 | €102,036 | -€513,287 | -83.4% |
| Trade receivables | 40 | €615,307 | €101,829 | -€513,479 | -83.5% |
| Other amounts receivable | 41 | €16 | €208 | +€192 | +1,219% |
| Current investments | 50/53 | €11,331 | €5,038 | -€6,293 | -55.5% |
| Cash at bank and in hand | 54/58 | €8,197 | €1,774 | -€6,423 | -78.4% |
| Deferred charges and accrued income | 490/1 | €5,698 | €823 | -€4,875 | -85.6% |
| Total equity and liabilities | 10/49 | €3,405,642 | €3,710,693 | +€305,051 | +9.0% |
| Equity | 10/15 | €686,532 | €999,471 | +€312,938 | +45.6% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Revaluation surpluses | 12 | €366,401 | €623,751 | +€257,350 | +70.2% |
| Reserves | 13 | €310,131 | €365,720 | +€55,588 | +17.9% |
| Distributable reserves | 133 | €310,131 | €365,720 | +€55,588 | +17.9% |
| Amounts payable | 17/49 | €2,719,110 | €2,711,222 | -€7,887 | -0.3% |
| Amounts payable after more than one year | 17 | €1,735,854 | €2,247,437 | +€511,583 | +29.5% |
| Financial debts | 170/4 | €1,728,204 | €2,214,087 | +€485,883 | +28.1% |
| Other amounts payable | 178/9 | €7,650 | €33,350 | +€25,700 | +336% |
| Amounts payable within one year | 42/48 | €983,256 | €463,786 | -€519,470 | -52.8% |
| Current portion of amounts payable after more than one year | 42 | €111,226 | €158,419 | +€47,194 | +42.4% |
| Financial debts | 43 | €351,998 | €6,476 | -€345,522 | -98.2% |
| Credit institutions | 430/8 | €3,894 | €6,476 | +€2,582 | +66.3% |
| Other loans | 439 | €348,104 | €0 | -€348,104 | -100% |
| Trade debts | 44 | €68,619 | €5,842 | -€62,777 | -91.5% |
| Suppliers | 440/4 | €68,619 | €5,842 | -€62,777 | -91.5% |
| Taxes, remuneration and social security | 45 | €56,404 | €57,239 | +€835 | +1.5% |
| Taxes | 450/3 | €56,404 | €57,239 | +€835 | +1.5% |
| Other amounts payable | 47/48 | €395,009 | €235,810 | -€159,199 | -40.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €62,518 | €89,952 | +€27,434 | +43.9% |
| Other operating charges | 640/8 | €32,953 | €78,047 | +€45,094 | +137% |
| Non-recurring operating charges | 66A | €6,686 | €0 | -€6,686 | -100% |
| Gross operating margin | 9900 | €358,798 | €307,622 | -€51,176 | -14.3% |
| Operating profit (loss) | 9901 | €256,641 | €139,623 | -€117,018 | -45.6% |
| Financial income | 75/76B | €3,112 | €1,255 | -€1,856 | -59.7% |
| Recurring financial income | 75 | €3,112 | €1,255 | -€1,856 | -59.7% |
| Financial charges | 65/66B | €83,324 | €75,132 | -€8,192 | -9.8% |
| Recurring financial charges | 65 | €83,324 | €75,132 | -€8,192 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | €176,428 | €65,746 | -€110,682 | -62.7% |
| Income taxes | 67/77 | €46,212 | €21,096 | -€25,116 | -54.4% |
| Profit (loss) for the period | 9904 | €130,216 | €44,651 | -€85,566 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €130,216 | €44,651 | -€85,566 | -65.7% |
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 28 October 2026 via checked.be.