TROFISK: 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.
TROFISK
Largest movements
- Cash +€141,336
up €141,336 (+2192.3%), from €6,447 to €147,783
mainly Trade debts (+€172,536) and Tax, wage and social debts (+€78,601)
- Deferred charges and accrued income +€83,170
up €83,170 (+837.0%), from €9,936 to €93,106
- Tangible fixed assets +€37,409
up €37,409 (+16.3%), from €230,171 to €267,580
of which Furniture and vehicles: +€54,045
- Receivables within one year -€15,079
down €15,079 (-8.5%), from €176,893 to €161,813
of which Other amounts receivable: -€22,351
- Trade debts +€172,536
up €172,536 (+344.9%), from €50,018 to €222,554
- Tax, wage and social debts +€78,601
up €78,601 (+51.8%), from €151,723 to €230,324
of which Remuneration and social security: +€87,179
- Debts after one year -€27,552
down €27,552 (-19.4%), from €142,213 to €114,661
- Short-term financial debts +€13,283
up €13,283 (+136.6%), from €9,725 to €23,008
- Other debts +€9,196
up €9,196 (+46.4%), from €19,812 to €29,008
- Gross operating margin +€189,677
up €189,677 (+24.8%), from €766,278 to €955,955
- Staff costs +€178,298
up €178,298 (+25.9%), from €687,602 to €865,900
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 | €425,174 | €670,283 | +€245,109 | +57.6% |
| Fixed assets | 21/28 | €231,899 | €267,580 | +€35,682 | +15.4% |
| Tangible fixed assets | 22/27 | €230,171 | €267,580 | +€37,409 | +16.3% |
| Furniture and vehicles | 24 | €84,073 | €138,118 | +€54,045 | +64.3% |
| Other tangible fixed assets | 26 | €146,099 | €129,462 | -€16,636 | -11.4% |
| Financial fixed assets | 28 | €1,727 | - | -€1,727 | |
| Current assets | 29/58 | €193,276 | €402,703 | +€209,427 | +108.4% |
| Amounts receivable within one year | 40/41 | €176,893 | €161,813 | -€15,079 | -8.5% |
| Trade receivables | 40 | €154,075 | €161,348 | +€7,272 | +4.7% |
| Other amounts receivable | 41 | €22,817 | €466 | -€22,351 | -98.0% |
| Cash at bank and in hand | 54/58 | €6,447 | €147,783 | +€141,336 | +2192.3% |
| Deferred charges and accrued income | 490/1 | €9,936 | €93,106 | +€83,170 | +837.0% |
| Total equity and liabilities | 10/49 | €425,174 | €670,283 | +€245,109 | +57.6% |
| Equity | 10/15 | €22,543 | €23,179 | +€636 | +2.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €3,951 | €4,587 | +€636 | +16.1% |
| Distributable reserves | 133 | €3,951 | €4,587 | +€636 | +16.1% |
| Amounts payable | 17/49 | €402,631 | €647,104 | +€244,473 | +60.7% |
| Amounts payable after more than one year | 17 | €142,213 | €114,661 | -€27,552 | -19.4% |
| Financial debts | 170/4 | €142,213 | €114,661 | -€27,552 | -19.4% |
| Amounts payable within one year | 42/48 | €258,923 | €532,443 | +€273,520 | +105.6% |
| Current portion of amounts payable after more than one year | 42 | €27,646 | €27,550 | -€96 | -0.3% |
| Financial debts | 43 | €9,725 | €23,008 | +€13,283 | +136.6% |
| Credit institutions | 430/8 | €9,725 | €23,008 | +€13,283 | +136.6% |
| Trade debts | 44 | €50,018 | €222,554 | +€172,536 | +344.9% |
| Suppliers | 440/4 | €50,018 | €222,554 | +€172,536 | +344.9% |
| Taxes, remuneration and social security | 45 | €151,723 | €230,324 | +€78,601 | +51.8% |
| Taxes | 450/3 | €80,841 | €72,262 | -€8,578 | -10.6% |
| Remuneration and social security | 454/9 | €70,882 | €158,061 | +€87,179 | +123.0% |
| Other amounts payable | 47/48 | €19,812 | €29,008 | +€9,196 | +46.4% |
| Accrued charges and deferred income | 492/3 | €1,495 | - | -€1,495 | |
| Remuneration, social security and pensions | 62 | €687,602 | €865,900 | +€178,298 | +25.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,531 | €33,812 | -€719 | -2.1% |
| Other operating charges | 640/8 | €652 | €670 | +€18 | +2.8% |
| Gross operating margin | 9900 | €766,278 | €955,955 | +€189,677 | +24.8% |
| Operating profit (loss) | 9901 | €43,494 | €55,573 | +€12,079 | +27.8% |
| Financial income | 75/76B | €341 | - | -€341 | |
| Recurring financial income | 75 | €341 | - | -€341 | |
| Financial charges | 65/66B | €11,088 | €10,045 | -€1,042 | -9.4% |
| Recurring financial charges | 65 | €11,088 | €10,045 | -€1,042 | -9.4% |
| Profit (loss) for the period before taxes | 9903 | €32,747 | €45,528 | +€12,780 | +39.0% |
| Income taxes | 67/77 | €12,489 | €15,884 | +€3,395 | +27.2% |
| Profit (loss) for the period | 9904 | €20,258 | €29,644 | +€9,386 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,258 | €29,644 | +€9,386 | +46.3% |
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 7 October 2026 via checked.be.