TROEL: 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.
TROEL
Largest movements
- Current investments -€140,000
down €140,000 (-100.0%), from €140,000 to €0
- Cash +€97,410
up €97,410 (+968.9%), from €10,054 to €107,464
mainly Current investments (+€140,000) and Net result for the year (+€119,454)
- Receivables within one year +€4,822
up €4,822 (+27.8%), from €17,364 to €22,185
of which Other amounts receivable: +€3,563
- Tangible fixed assets +€2,105
up €2,105 (+30.4%), from €6,926 to €9,032
of which Furniture and vehicles: +€2,386
- Other debts -€56,015
down €56,015 (-34.6%), from €161,838 to €105,824
- Profit (loss) carried forward +€13,652
up €13,652, from €0 to €13,652
- Tax, wage and social debts +€5,367
up €5,367 (+49.9%), from €10,757 to €16,124
- Gross operating margin +€41,599
up €41,599 (+36.4%), from €114,177 to €155,776
- Taxes +€9,828
up €9,828 (+41.6%), from €23,653 to €33,481
- Depreciation +€2,412
up €2,412 (+128.6%), from €1,875 to €4,287
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 | €175,201 | €138,883 | -€36,318 | -20.7% |
| Fixed assets | 21/28 | €6,926 | €9,032 | +€2,105 | +30.4% |
| Tangible fixed assets | 22/27 | €6,926 | €9,032 | +€2,105 | +30.4% |
| Furniture and vehicles | 24 | €4,976 | €7,363 | +€2,386 | +47.9% |
| Other tangible fixed assets | 26 | €1,950 | €1,669 | -€281 | -14.4% |
| Current assets | 29/58 | €168,275 | €129,851 | -€38,424 | -22.8% |
| Amounts receivable within one year | 40/41 | €17,364 | €22,185 | +€4,822 | +27.8% |
| Trade receivables | 40 | €17,364 | €18,622 | +€1,258 | +7.2% |
| Other amounts receivable | 41 | €0 | €3,563 | +€3,563 | |
| Current investments | 50/53 | €140,000 | €0 | -€140,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €10,054 | €107,464 | +€97,410 | +968.9% |
| Deferred charges and accrued income | 490/1 | €858 | €202 | -€656 | -76.4% |
| Total equity and liabilities | 10/49 | €175,201 | €138,883 | -€36,318 | -20.7% |
| Equity | 10/15 | €1,100 | €14,752 | +€13,652 | +1241.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €100 | €100 | = | 0.0% |
| Non-distributable reserves | 130/1 | €100 | €100 | = | 0.0% |
| Reserves not available under the articles | 1311 | €100 | €100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €13,652 | +€13,652 | |
| Amounts payable | 17/49 | €174,101 | €124,131 | -€49,970 | -28.7% |
| Amounts payable within one year | 42/48 | €174,101 | €124,131 | -€49,970 | -28.7% |
| Trade debts | 44 | €1,506 | €2,183 | +€677 | +44.9% |
| Suppliers | 440/4 | €1,506 | €2,183 | +€677 | +44.9% |
| Taxes, remuneration and social security | 45 | €10,757 | €16,124 | +€5,367 | +49.9% |
| Taxes | 450/3 | €10,757 | €16,124 | +€5,367 | +49.9% |
| Other amounts payable | 47/48 | €161,838 | €105,824 | -€56,015 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,875 | €4,287 | +€2,412 | +128.6% |
| Other operating charges | 640/8 | €873 | €387 | -€485 | -55.6% |
| Gross operating margin | 9900 | €114,177 | €155,776 | +€41,599 | +36.4% |
| Operating profit (loss) | 9901 | €111,429 | €151,101 | +€39,672 | +35.6% |
| Financial income | 75/76B | €1,470 | €1,887 | +€416 | +28.3% |
| Recurring financial income | 75 | €1,470 | €1,887 | +€416 | +28.3% |
| Financial charges | 65/66B | €93 | €53 | -€40 | -42.6% |
| Recurring financial charges | 65 | €93 | €53 | -€40 | -42.6% |
| Profit (loss) for the period before taxes | 9903 | €112,806 | €152,935 | +€40,128 | +35.6% |
| Income taxes | 67/77 | €23,653 | €33,481 | +€9,828 | +41.6% |
| Profit (loss) for the period | 9904 | €89,154 | €119,454 | +€30,300 | +34.0% |
| Profit (loss) for the period to be appropriated | 9905 | €89,154 | €119,454 | +€30,300 | +34.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.