TROCADERO-IMMO: 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.
TROCADERO-IMMO
Largest movements
- Tangible fixed assets +€101,474
up €101,474 (+30.2%), from €336,493 to €437,967
of which Furniture and vehicles: +€64,122
- Debts after one year +€103,582
new in 2025: €103,582
- Current portion of long-term debt +€18,918
new in 2025: €18,918
- Trade debts -€9,908
down €9,908 (-96.8%), from €10,234 to €326
- Profit (loss) carried forward -€6,211
down €6,211 (-12.4%), from -€50,212 to -€56,423
- Other operating charges +€6,262
up €6,262 (+262.8%), from €2,383 to €8,644
- Gross operating margin -€5,279
down €5,279 (-14.3%), from €37,003 to €31,725
- Depreciation +€3,046
up €3,046 (+12.6%), from €24,080 to €27,125
- Financial charges +€1,428
up €1,428 (+193.4%), from €738 to €2,166
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 | €338,944 | €441,986 | +€103,042 | +30.4% |
| Fixed assets | 21/28 | €336,493 | €437,967 | +€101,474 | +30.2% |
| Tangible fixed assets | 22/27 | €336,493 | €437,967 | +€101,474 | +30.2% |
| Land and buildings | 22 | €335,091 | €330,859 | -€4,232 | -1.3% |
| Furniture and vehicles | 24 | €1,402 | €65,524 | +€64,122 | +4574.9% |
| Leasing and similar rights | 25 | - | €41,584 | +€41,584 | |
| Current assets | 29/58 | €2,451 | €4,019 | +€1,568 | +64.0% |
| Cash at bank and in hand | 54/58 | €2,451 | €519 | -€1,932 | -78.8% |
| Deferred charges and accrued income | 490/1 | - | €3,500 | +€3,500 | |
| Total equity and liabilities | 10/49 | €338,944 | €441,986 | +€103,042 | +30.4% |
| Equity | 10/15 | €265,807 | €259,596 | -€6,211 | -2.3% |
| Contributions | 10/11 | €314,825 | €314,825 | = | 0.0% |
| Reserves | 13 | €1,194 | €1,194 | = | 0.0% |
| Distributable reserves | 133 | €1,194 | €1,194 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€50,212 | -€56,423 | -€6,211 | -12.4% |
| Amounts payable | 17/49 | €73,137 | €182,390 | +€109,253 | +149.4% |
| Amounts payable after more than one year | 17 | - | €103,582 | +€103,582 | |
| Financial debts | 170/4 | - | €103,582 | +€103,582 | |
| Amounts payable within one year | 42/48 | €73,137 | €78,809 | +€5,672 | +7.8% |
| Current portion of amounts payable after more than one year | 42 | - | €18,918 | +€18,918 | |
| Trade debts | 44 | €10,234 | €326 | -€9,908 | -96.8% |
| Suppliers | 440/4 | €10,234 | €326 | -€9,908 | -96.8% |
| Other amounts payable | 47/48 | €62,903 | €59,564 | -€3,339 | -5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,080 | €27,125 | +€3,046 | +12.6% |
| Other operating charges | 640/8 | €2,383 | €8,644 | +€6,262 | +262.8% |
| Gross operating margin | 9900 | €37,003 | €31,725 | -€5,279 | -14.3% |
| Operating profit (loss) | 9901 | €10,541 | -€4,045 | -€14,586 | |
| Financial charges | 65/66B | €738 | €2,166 | +€1,428 | +193.4% |
| Recurring financial charges | 65 | €738 | €2,166 | +€1,428 | +193.4% |
| Profit (loss) for the period before taxes | 9903 | €9,803 | -€6,211 | -€16,014 | |
| Profit (loss) for the period | 9904 | €9,803 | -€6,211 | -€16,014 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,803 | -€6,211 | -€16,014 |
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 12 October 2026 via checked.be.