TRODECO: 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.
TRODECO
Largest movements
- Cash -€48,921
down €48,921 (-97.6%), from €50,107 to €1,186
mainly Stocks and contracts (-€20,296) and Net result for the year (-€19,822)
- Stocks and contracts +€20,296
up €20,296 (+1,353%), from €1,500 to €21,796
- Receivables within one year +€13,060
up €13,060 (+30.8%), from €42,447 to €55,507
of which Other amounts receivable: +€13,719
- Tangible fixed assets -€9,669
down €9,669 (-6.8%), from €141,936 to €132,267
of which Furniture and vehicles: -€7,273
- Profit (loss) carried forward -€19,822
down €19,822, from €6,808 to -€13,014
- Trade debts -€14,335
down €14,335 (-64.2%), from €22,346 to €8,011
- Other debts +€12,191
up €12,191 (+26.8%), from €45,507 to €57,698
- Debts after one year -€7,607
down €7,607 (-79.9%), from €9,522 to €1,915
- Tax, wage and social debts +€5,820
up €5,820 (+176%), from €3,301 to €9,120
of which Remuneration and social security: +€4,844
- Gross operating margin -€64,335
down €64,335, from €57,101 to -€7,234
- Taxes -€12,098
down €12,098 (-98.5%), from €12,288 to €190
- Depreciation -€3,863
down €3,863 (-24.3%), from €15,895 to €12,032
- Financial income -€603
down €603 (-24.0%), from €2,507 to €1,904
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €349,843 | €326,176 | -€23,667 | -6.8% |
| Fixed assets | 21/28 | €177,550 | €167,881 | -€9,669 | -5.4% |
| Tangible fixed assets | 22/27 | €141,936 | €132,267 | -€9,669 | -6.8% |
| Land and buildings | 22 | €114,628 | €114,628 | = | 0.0% |
| Plant, machinery and equipment | 23 | €7,186 | €4,791 | -€2,395 | -33.3% |
| Furniture and vehicles | 24 | €20,122 | €12,849 | -€7,273 | -36.1% |
| Financial fixed assets | 28 | €35,614 | €35,614 | = | 0.0% |
| Current assets | 29/58 | €172,293 | €158,295 | -€13,998 | -8.1% |
| Amounts receivable after more than one year | 29 | €65,000 | €65,000 | = | 0.0% |
| Other amounts receivable | 291 | €65,000 | €65,000 | = | 0.0% |
| Stocks and contracts in progress | 3 | €1,500 | €21,796 | +€20,296 | +1,353% |
| Stocks | 30/36 | €1,500 | €21,796 | +€20,296 | +1,353% |
| Amounts receivable within one year | 40/41 | €42,447 | €55,507 | +€13,060 | +30.8% |
| Trade receivables | 40 | €39,189 | €38,530 | -€659 | -1.7% |
| Other amounts receivable | 41 | €3,258 | €16,977 | +€13,719 | +421% |
| Cash at bank and in hand | 54/58 | €50,107 | €1,186 | -€48,921 | -97.6% |
| Deferred charges and accrued income | 490/1 | €13,240 | €14,807 | +€1,567 | +11.8% |
| Total equity and liabilities | 10/49 | €349,843 | €326,176 | -€23,667 | -6.8% |
| Equity | 10/15 | €259,147 | €239,325 | -€19,822 | -7.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €233,340 | €233,340 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,900 | - | -€1,900 | |
| Reserves not available under the articles | 1311 | €1,900 | - | -€1,900 | |
| Distributable reserves | 133 | €231,440 | €233,340 | +€1,900 | +0.8% |
| Profit (loss) carried forward | 14 | €6,808 | -€13,014 | -€19,822 | |
| Amounts payable | 17/49 | €90,696 | €86,851 | -€3,845 | -4.2% |
| Amounts payable after more than one year | 17 | €9,522 | €1,915 | -€7,607 | -79.9% |
| Financial debts | 170/4 | €9,522 | €1,915 | -€7,607 | -79.9% |
| Amounts payable within one year | 42/48 | €81,174 | €84,936 | +€3,762 | +4.6% |
| Current portion of amounts payable after more than one year | 42 | €10,021 | €10,107 | +€86 | +0.9% |
| Trade debts | 44 | €22,346 | €8,011 | -€14,335 | -64.2% |
| Suppliers | 440/4 | €22,346 | €8,011 | -€14,335 | -64.2% |
| Taxes, remuneration and social security | 45 | €3,301 | €9,120 | +€5,820 | +176% |
| Taxes | 450/3 | €3,301 | €4,276 | +€976 | +29.6% |
| Remuneration and social security | 454/9 | - | €4,844 | +€4,844 | |
| Other amounts payable | 47/48 | €45,507 | €57,698 | +€12,191 | +26.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,895 | €12,032 | -€3,863 | -24.3% |
| Other operating charges | 640/8 | €983 | €1,388 | +€405 | +41.2% |
| Gross operating margin | 9900 | €57,101 | -€7,234 | -€64,335 | |
| Operating profit (loss) | 9901 | €40,223 | -€20,654 | -€60,877 | |
| Financial income | 75/76B | €2,507 | €1,904 | -€603 | -24.0% |
| Recurring financial income | 75 | €2,507 | €1,904 | -€603 | -24.0% |
| Financial charges | 65/66B | €932 | €882 | -€50 | -5.3% |
| Recurring financial charges | 65 | €932 | €882 | -€50 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €41,798 | -€19,632 | -€61,431 | |
| Income taxes | 67/77 | €12,288 | €190 | -€12,098 | -98.5% |
| Profit (loss) for the period | 9904 | €29,510 | -€19,822 | -€49,332 | |
| Profit (loss) for the period to be appropriated | 9905 | €29,510 | -€19,822 | -€49,332 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.