TROGA INTERNATIONAL: 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.
TROGA INTERNATIONAL
Largest movements
- Receivables within one year -€12,798
down €12,798 (-73.8%), from €17,348 to €4,550
of which Trade receivables: -€13,230
- Cash +€2,962
up €2,962 (+39.1%), from €7,578 to €10,540
mainly Receivables within one year (+€12,798) and Trade debts (+€2,850)
- Stocks and contracts +€2,106
new in 2025: €2,106
- Intangible fixed assets -€1,220
down €1,220 (-10.0%), from €12,197 to €10,977
- Profit (loss) carried forward -€9,957
down €9,957 (-60.9%), from -€16,352 to -€26,309
- Trade debts +€2,850
up €2,850 (+20.6%), from €13,800 to €16,650
- Other debts -€1,944
down €1,944 (-6.7%), from €28,808 to €26,865
- Gross operating margin -€19,092
down €19,092, from €11,229 to -€7,862
- Financial charges +€302
up €302 (+815%), from €37 to €339
- Staff costs +€148
up €148 (+126%), from €118 to €266
- Other operating charges -€129
down €129 (-25.6%), from €505 to €376
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 | €37,123 | €28,173 | -€8,950 | -24.1% |
| Fixed assets | 21/28 | €12,197 | €10,977 | -€1,220 | -10.0% |
| Intangible fixed assets | 21 | €12,197 | €10,977 | -€1,220 | -10.0% |
| Current assets | 29/58 | €24,926 | €17,196 | -€7,730 | -31.0% |
| Stocks and contracts in progress | 3 | - | €2,106 | +€2,106 | |
| Stocks | 30/36 | - | €2,106 | +€2,106 | |
| Amounts receivable within one year | 40/41 | €17,348 | €4,550 | -€12,798 | -73.8% |
| Trade receivables | 40 | €17,183 | €3,953 | -€13,230 | -77.0% |
| Other amounts receivable | 41 | €164 | €596 | +€432 | +263% |
| Cash at bank and in hand | 54/58 | €7,578 | €10,540 | +€2,962 | +39.1% |
| Total equity and liabilities | 10/49 | €37,123 | €28,173 | -€8,950 | -24.1% |
| Equity | 10/15 | -€6,139 | -€16,096 | -€9,957 | -162% |
| Contributions | 10/11 | €10,200 | €10,200 | = | 0.0% |
| Contributions outside capital | 11 | €10,200 | - | -€10,200 | |
| Other | 1109/19 | €10,200 | - | -€10,200 | |
| Reserves | 13 | €13 | €13 | = | 0.0% |
| Non-distributable reserves | 130/1 | €13 | €13 | = | 0.0% |
| Legal reserve | 130 | €13 | - | -€13 | |
| Reserves not available under the articles | 1311 | - | €13 | +€13 | |
| Profit (loss) carried forward | 14 | -€16,352 | -€26,309 | -€9,957 | -60.9% |
| Amounts payable | 17/49 | €43,262 | €44,269 | +€1,007 | +2.3% |
| Amounts payable within one year | 42/48 | €43,262 | €44,269 | +€1,007 | +2.3% |
| Trade debts | 44 | €13,800 | €16,650 | +€2,850 | +20.6% |
| Suppliers | 440/4 | €13,800 | €16,650 | +€2,850 | +20.6% |
| Taxes, remuneration and social security | 45 | €654 | €754 | +€101 | +15.4% |
| Taxes | 450/3 | €654 | €754 | +€101 | +15.4% |
| Other amounts payable | 47/48 | €28,808 | €26,865 | -€1,944 | -6.7% |
| Remuneration, social security and pensions | 62 | €118 | €266 | +€148 | +126% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,220 | €1,220 | -€0 | 0.0% |
| Other operating charges | 640/8 | €505 | €376 | -€129 | -25.6% |
| Gross operating margin | 9900 | €11,229 | -€7,862 | -€19,092 | |
| Operating profit (loss) | 9901 | €9,387 | -€9,724 | -€19,110 | |
| Financial income | 75/76B | - | €106 | +€106 | |
| Recurring financial income | 75 | - | €106 | +€106 | |
| Financial charges | 65/66B | €37 | €339 | +€302 | +815% |
| Recurring financial charges | 65 | €37 | €339 | +€302 | +815% |
| Profit (loss) for the period before taxes | 9903 | €9,350 | -€9,957 | -€19,306 | |
| Profit (loss) for the period | 9904 | €9,350 | -€9,957 | -€19,306 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,350 | -€9,957 | -€19,306 |
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 25 October 2026 via checked.be.