TROCARDIO: 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.
TROCARDIO
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€25,226
up €25,226 (+20.6%), from €122,406 to €147,632
mainly Current investments (+€100,000) and Other debts (+€91,277)
- Tangible fixed assets -€7,572
down €7,572 (-35.4%), from €21,369 to €13,797
- Profit (loss) carried forward -€141,191
down €141,191 (-82.7%), from €170,655 to €29,464
- Other debts +€91,277
up €91,277 (+2509.0%), from €3,638 to €94,915
- Tax, wage and social debts -€23,508
down €23,508 (-52.5%), from €44,805 to €21,297
of which Taxes: -€21,508
- Debts after one year -€7,225
down €7,225 (-45.1%), from €16,028 to €8,802
- Gross operating margin -€39,783
down €39,783 (-46.3%), from €85,895 to €46,112
- Taxes -€4,375
down €4,375 (-27.5%), from €15,890 to €11,515
- Financial income +€3,695
new in 2025: €3,695
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 | €246,681 | €165,713 | -€80,968 | -32.8% |
| Fixed assets | 21/28 | €21,369 | €13,797 | -€7,572 | -35.4% |
| Tangible fixed assets | 22/27 | €21,369 | €13,797 | -€7,572 | -35.4% |
| Plant, machinery and equipment | 23 | €21,369 | €13,797 | -€7,572 | -35.4% |
| Current assets | 29/58 | €225,312 | €151,916 | -€73,396 | -32.6% |
| Amounts receivable within one year | 40/41 | €300 | €1,610 | +€1,310 | +436.6% |
| Other amounts receivable | 41 | €300 | €1,610 | +€1,310 | +436.6% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €122,406 | €147,632 | +€25,226 | +20.6% |
| Deferred charges and accrued income | 490/1 | €2,606 | €2,674 | +€68 | +2.6% |
| Total equity and liabilities | 10/49 | €246,681 | €165,713 | -€80,968 | -32.8% |
| Equity | 10/15 | €172,155 | €30,964 | -€141,191 | -82.0% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €170,655 | €29,464 | -€141,191 | -82.7% |
| Amounts payable | 17/49 | €74,526 | €134,749 | +€60,222 | +80.8% |
| Amounts payable after more than one year | 17 | €16,028 | €8,802 | -€7,225 | -45.1% |
| Financial debts | 170/4 | €16,028 | €8,802 | -€7,225 | -45.1% |
| Amounts payable within one year | 42/48 | €58,499 | €125,946 | +€67,448 | +115.3% |
| Current portion of amounts payable after more than one year | 42 | €6,943 | €7,225 | +€283 | +4.1% |
| Trade debts | 44 | €3,113 | €2,509 | -€604 | -19.4% |
| Suppliers | 440/4 | €3,113 | €2,509 | -€604 | -19.4% |
| Taxes, remuneration and social security | 45 | €44,805 | €21,297 | -€23,508 | -52.5% |
| Taxes | 450/3 | €42,805 | €21,297 | -€21,508 | -50.2% |
| Remuneration and social security | 454/9 | €2,000 | - | -€2,000 | |
| Other amounts payable | 47/48 | €3,638 | €94,915 | +€91,277 | +2509.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,011 | €7,572 | -€439 | -5.5% |
| Other operating charges | 640/8 | €221 | €345 | +€124 | +56.2% |
| Gross operating margin | 9900 | €85,895 | €46,112 | -€39,783 | -46.3% |
| Operating profit (loss) | 9901 | €77,663 | €38,195 | -€39,469 | -50.8% |
| Financial income | 75/76B | - | €3,695 | +€3,695 | |
| Recurring financial income | 75 | - | €3,695 | +€3,695 | |
| Financial charges | 65/66B | €1,211 | €910 | -€301 | -24.9% |
| Recurring financial charges | 65 | €1,211 | €910 | -€301 | -24.9% |
| Profit (loss) for the period before taxes | 9903 | €76,453 | €40,979 | -€35,473 | -46.4% |
| Income taxes | 67/77 | €15,890 | €11,515 | -€4,375 | -27.5% |
| Profit (loss) for the period | 9904 | €60,562 | €29,464 | -€31,098 | -51.3% |
| Profit (loss) for the period to be appropriated | 9905 | €60,562 | €29,464 | -€31,098 | -51.3% |
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 29 September 2026 via checked.be.