TROCINVEST: 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.
TROCINVEST
Largest movements
- Tangible fixed assets -€17,640
down €17,640 (-17.1%), from €102,955 to €85,316
- Cash -€2,215
down €2,215 (-53.3%), from €4,158 to €1,943
mainly Other debts (-€15,000) and Net result for the year (-€4,529)
- Receivables within one year -€1,589
no longer reported in 2025 (was €1,589)
- Other debts -€15,000
down €15,000 (-3.7%), from €401,351 to €386,351
- Profit (loss) carried forward -€4,270
down €4,270 (-0.3%), from -€1.3m to -€1.3m
- Trade debts -€1,977
no longer reported in 2025 (was €1,977)
- Gross operating margin +€373
up €373 (+2.5%), from €14,874 to €15,247
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 | €110,929 | €89,359 | -€21,571 | -19.4% |
| Fixed assets | 21/28 | €105,055 | €87,416 | -€17,640 | -16.8% |
| Tangible fixed assets | 22/27 | €102,955 | €85,316 | -€17,640 | -17.1% |
| Land and buildings | 22 | €102,955 | €85,316 | -€17,640 | -17.1% |
| Financial fixed assets | 28 | €2,100 | €2,100 | = | 0.0% |
| Current assets | 29/58 | €5,874 | €1,943 | -€3,931 | -66.9% |
| Amounts receivable within one year | 40/41 | €1,589 | - | -€1,589 | |
| Trade receivables | 40 | €1,589 | - | -€1,589 | |
| Cash at bank and in hand | 54/58 | €4,158 | €1,943 | -€2,215 | -53.3% |
| Deferred charges and accrued income | 490/1 | €127 | - | -€127 | |
| Total equity and liabilities | 10/49 | €110,929 | €89,359 | -€21,571 | -19.4% |
| Equity | 10/15 | -€292,593 | -€297,122 | -€4,529 | -1.5% |
| Contributions | 10/11 | €994,000 | €994,000 | = | 0.0% |
| Capital | 10 | €994,000 | €994,000 | = | 0.0% |
| Issued capital | 100 | €994,000 | €994,000 | = | 0.0% |
| Reserves | 13 | €2,514 | €2,514 | = | 0.0% |
| Non-distributable reserves | 130/1 | €2,514 | €2,514 | = | 0.0% |
| Legal reserve | 130 | €2,514 | €2,514 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,289,885 | -€1,294,155 | -€4,270 | -0.3% |
| Investment grants | 15 | €778 | €519 | -€259 | -33.3% |
| Provisions and deferred taxes | 16 | €195 | €130 | -€65 | -33.3% |
| Deferred taxes | 168 | €195 | €130 | -€65 | -33.3% |
| Amounts payable | 17/49 | €403,328 | €386,351 | -€16,977 | -4.2% |
| Amounts payable within one year | 42/48 | €403,328 | €386,351 | -€16,977 | -4.2% |
| Trade debts | 44 | €1,977 | - | -€1,977 | |
| Suppliers | 440/4 | €1,977 | - | -€1,977 | |
| Other amounts payable | 47/48 | €401,351 | €386,351 | -€15,000 | -3.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,640 | €17,640 | = | 0.0% |
| Other operating charges | 640/8 | €1,977 | €2,039 | +€62 | +3.1% |
| Non-recurring operating charges | 66A | - | €12 | +€12 | |
| Gross operating margin | 9900 | €14,874 | €15,247 | +€373 | +2.5% |
| Operating profit (loss) | 9901 | -€4,742 | -€4,444 | +€298 | +6.3% |
| Financial charges | 65/66B | €135 | €150 | +€15 | +11.1% |
| Recurring financial charges | 65 | €135 | €150 | +€15 | +11.1% |
| Profit (loss) for the period before taxes | 9903 | -€4,877 | -€4,594 | +€283 | +5.8% |
| Transfer from deferred taxes | 780 | €65 | €65 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€4,812 | -€4,529 | +€283 | +5.9% |
| Transfer from tax-exempt reserves | 789 | €259 | €259 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€4,553 | -€4,270 | +€283 | +6.2% |
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 30 October 2026 via checked.be.