TROETELS: 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.
What changed
TROETELS
NACE 47.762, Retail sale of pets, pet food and pet supplies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,810
2024 · €73,692-€71,882
Equity
€758,258
2024 · €869,250-€110,992
Cash
€606,124
2024 · €615,225-€9,101
Balance sheet total
€926,663
2024 · €907,831+€18,832
Largest movements
Assets
- Tangible fixed assets +€22,098
up €22,098 (+41.1%), from €53,805 to €75,903
of which Leasing and similar rights: +€31,320
- Stocks and contracts +€18,796
up €18,796 (+9.4%), from €200,156 to €218,951
- Receivables within one year -€15,456
down €15,456 (-68.2%), from €22,658 to €7,202
of which Trade receivables: -€17,580
Equity and liabilities
- Other debts +€112,802
up €112,802, from €0 to €112,802
- Reserves -€110,992
down €110,992 (-13.0%), from €850,650 to €739,658
- Debts after one year +€24,126
up €24,126, from €0 to €24,126
Income statement
- Gross operating margin -€865,302
down €865,302 (-91.8%), from €942,358 to €77,056
- Depreciation -€631,474
down €631,474 (-97.3%), from €648,871 to €17,397
- Staff costs -€123,103
down €123,103 (-65.1%), from €188,967 to €65,864
- Taxes -€21,369
down €21,369, from €7,548 to -€13,821
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.
Result 2024
€73,692
Gross operating margin
-€865,302
Staff costs
+€123,103
Depreciation
+€631,474
Provisions
+€1,584
Other operating charges
+€1,332
Other operating items
+€4,829
Financial income
+€1,997
Financial charges
+€7,731
Taxes
+€21,369
Result 2025
€1,810
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.
From operations
+€111,845
Investment
-€39,495
Financing
-€81,452
Cash 2024
€615,225
From operations (derived)
+€111,845
Net result for the year
+€1,810
Depreciation
+€17,397
Stocks and contracts
-€18,796
Receivables within one year
+€15,456
Deferred charges and accrued income
-€2,496
Provisions
+€278
Trade debts
-€8,496
Tax, wage and social debts
-€6,509
Other debts
+€112,802
Accrued charges and deferred income
+€400
Investment (derived)
-€39,495
Investment in fixed assets (net)
-€39,495
Financing
-€81,452
Debts after one year
+€24,126
Current portion of long-term debt
+€7,224
Contributions, distributions and other
-€112,802
Cash 2025
€606,124
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €907,831 | €926,663 | +€18,832 | +2.1% |
| Fixed assets | 21/28 | €59,134 | €81,232 | +€22,098 | +37.4% |
| Tangible fixed assets | 22/27 | €53,805 | €75,903 | +€22,098 | +41.1% |
| Land and buildings | 22 | €47,843 | €39,286 | -€8,557 | -17.9% |
| Plant, machinery and equipment | 23 | €1,564 | €942 | -€622 | -39.8% |
| Furniture and vehicles | 24 | €4,398 | €4,355 | -€44 | -1.0% |
| Leasing and similar rights | 25 | - | €31,320 | +€31,320 | |
| Financial fixed assets | 28 | €5,329 | €5,329 | = | 0.0% |
| Current assets | 29/58 | €848,697 | €845,431 | -€3,266 | -0.4% |
| Stocks and contracts in progress | 3 | €200,156 | €218,951 | +€18,796 | +9.4% |
| Stocks | 30/36 | €200,156 | €218,951 | +€18,796 | +9.4% |
| Amounts receivable within one year | 40/41 | €22,658 | €7,202 | -€15,456 | -68.2% |
| Trade receivables | 40 | €18,640 | €1,060 | -€17,580 | -94.3% |
| Other amounts receivable | 41 | €4,018 | €6,143 | +€2,125 | +52.9% |
| Cash at bank and in hand | 54/58 | €615,225 | €606,124 | -€9,101 | -1.5% |
| Deferred charges and accrued income | 490/1 | €10,658 | €13,154 | +€2,496 | +23.4% |
| Total equity and liabilities | 10/49 | €907,831 | €926,663 | +€18,832 | +2.1% |
| Equity | 10/15 | €869,250 | €758,258 | -€110,992 | -12.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €850,650 | €739,658 | -€110,992 | -13.0% |
| Distributable reserves | 133 | €850,650 | €739,658 | -€110,992 | -13.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €7,210 | €7,488 | +€278 | +3.9% |
| Provisions for liabilities and charges | 160/5 | €7,210 | €7,488 | +€278 | +3.9% |
| Other liabilities and charges | 164/5 | €7,210 | €7,488 | +€278 | +3.9% |
| Amounts payable | 17/49 | €31,371 | €160,917 | +€129,546 | +413.0% |
| Amounts payable after more than one year | 17 | €0 | €24,126 | +€24,126 | |
| Financial debts | 170/4 | €0 | €24,126 | +€24,126 | |
| Amounts payable within one year | 42/48 | €30,403 | €135,423 | +€105,020 | +345.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | €7,224 | +€7,224 | |
| Trade debts | 44 | €11,263 | €2,767 | -€8,496 | -75.4% |
| Suppliers | 440/4 | €11,263 | €2,767 | -€8,496 | -75.4% |
| Taxes, remuneration and social security | 45 | €19,140 | €12,632 | -€6,509 | -34.0% |
| Taxes | 450/3 | €19,140 | €12,632 | -€6,509 | -34.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €112,802 | +€112,802 | |
| Accrued charges and deferred income | 492/3 | €968 | €1,367 | +€400 | +41.3% |
| Remuneration, social security and pensions | 62 | €188,967 | €65,864 | -€123,103 | -65.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €648,871 | €17,397 | -€631,474 | -97.3% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €1,862 | €278 | -€1,584 | -85.1% |
| Other operating charges | 640/8 | €7,158 | €5,826 | -€1,332 | -18.6% |
| Non-recurring operating charges | 66A | €4,829 | - | -€4,829 | |
| Gross operating margin | 9900 | €942,358 | €77,056 | -€865,302 | -91.8% |
| Operating profit (loss) | 9901 | €90,671 | -€12,308 | -€102,979 | |
| Financial income | 75/76B | €88 | €2,086 | +€1,997 | +2262.2% |
| Recurring financial income | 75 | €88 | €2,086 | +€1,997 | +2262.2% |
| Financial charges | 65/66B | €9,519 | €1,789 | -€7,731 | -81.2% |
| Recurring financial charges | 65 | €9,519 | €1,789 | -€7,731 | -81.2% |
| Profit (loss) for the period before taxes | 9903 | €81,240 | -€12,011 | -€93,251 | |
| Income taxes | 67/77 | €7,548 | -€13,821 | -€21,369 | |
| Profit (loss) for the period | 9904 | €73,692 | €1,810 | -€71,882 | -97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €73,692 | €1,810 | -€71,882 | -97.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.